Last Week’s Spread Betting Action Dictated by Middle East Crisis
The Spread Betting Markets - Last Week:
Although last week started off relatively slowly due to Presidents Day in the US, North African political upheavals dictated the direction of the spread betting markets through the rest of the week. Civil unrest in Libya, a not insignificant crude oil producer at 1.6 million barrels per day, [...]
Crude Oil Rallies in a Volatile Trading Environment, but What Next for Commodity Spread Bettors?
Volatility for a spread bettor can be a blessing or curse depending on which side of the move a trader is established in. The recent spike in crude oil had certainly caused distress for all Short positions as Oil spiked up +14.82% over the last five trading days.
Since the low of $87.09 on Nymex [...]
FTSE Index Struggles as Spread Betting Markets See Nymex Crude Oil Pass 100 Dollar Mark
The FTSE 100 Index posted yet more losses on Thursday as traders continue to exit heavyweight equity positions on spiralling crude oil prices, with Nymex Crude Oil trading above $100 for the first time since October 2008.
There has been a marked increase in Volatility since the start of the Libya crisis. The FTSE 100 [...]
Spread Betting: Crude Oil Keeps Climbing as Gaddafi Pledges to Stay Put or Die Trying
Investors continued to sell out of UK equities today on continued fears over the unrest in Libya and the Middle East.
The speech from Colonel Gaddafi yesterday highlighted his motivation to maintain his grip on power and with protestors refusing to back down and violence continuing, there appears to be no end in sight to [...]
Indices Spread Trading: FTSE Plummets on Risk Aversion
In a topsy-turvy day London equities were in ‘risk off’ mode this morning with stocks falling across the board as the unrest in Libya threatened to spiral out of control.
At one point the FTSE 100 was seen testing trend line support from the 4,970 July 2010 lows currently around 5,920/30 and this has so far [...]
Spread Betting: Indices Only Manage Modest Gains due to Political Turmoil
The Spread Betting Markets - Last Week:
Last week, indices only managed modest gains during a politically-riddled period. In Egypt, President Hosni Mubarak stepped down, leaving the military in charge. Similar revolts in Bahrain also resulted in military rule, causing oil to push clearly above the $100 per barrel mark.
President Obama’s cuts were criticised [...]
European Spread Betting Indices Suffer as China Moves to Curb Inflation
A move by China to curb escalating inflation by raising its bank reserve requirements by 50 basis points has knocked mining equities this morning, dragging down European spread betting indices from fresh highs.
The move is another step by China to curb spiralling inflation and comes in the midst of three interest rate hikes since [...]
Equity Markets See More Upward Momentum as FTSE Index Briefly Breaks 6100
A second day of upward momentum helped to push the UK equity market to its highest level since May 2008. The FTSE 100 briefly broke the 6100 level to post a high of 6101, before looking to retreat to parity by 9am GMT in a quiet early morning session.
Miners and financial stocks propelled the index [...]
Forex Spread Betting Markets Eagerly Await Bank of England Inflation Report
After yesterday’s UK CPI figures the pound has surged to its highest levels since last September, against a basket of currencies, pushing back from a trend line resistance from 2009 highs.
Today’s Bank of England quarterly inflation report could well propel the pound towards 1.6300 against the dollar if the forex market perceives any [...]
FTSE 100 Spread Betting Market May See a Double Top Formation Developing
Although the indices have performed nicely over recent weeks the current development may be an early warning signal.
Right now the FTSE 100 index seems to be creating a Double Top pattern which could potentially suggest that a top may be forming at current price levels.
In addition, crude oil spread betting prices have also dropped [...]