FX Spread Trading: Core Inflation Keeps the CAD in Check
Sterling covered a range of two and a half cents, changing direction several times.
Ultimately, though, direction was lacking. When sterling opened in London this morning the pound was stronger by just a third of a cent on the eight-day week.
Last week’s figures were, on balance, positive for the Canadian dollar but not universally [...]
Euro/Sterling Spreads: Sterling Still Resilient to Stronger Euro
The first day and a half of last week saw sterling rally by more than a cent against the euro; the next day and a half saw it give back all those gains.
Sharp moves for the Euro/Sterling market on Wednesday (down) and Friday (up) cancelled each other out and the pound lost a net [...]
Spread Betting: Bargain Hunters Snap up Shares After S+P Downgrade the US
The Spread Betting Markets - Last Week:
Miners fared well last week after a rise in metals prices, most notably silver and gold.
Amongst the winners of the week were BHP Biliton and Anglo American, both companies had strong quarterly production reports. Xstrata rose despite going ex-dividend.
Bargain hunters in the spread betting markets were [...]
Forex Spread Betting: Sterling Closing in on Weak Dollar to Reach 15 Month High
The dollar outperformed sterling last week but the 0.3% advantage it gleaned can hardly be described as a resounding success.
Sterling covered a range of almost exactly two cents, an achievement it had completed by the end of Tuesday. It spent the next three days making itself comfortable, and when London opened this morning it [...]
FTSE 100 Spread Betting Market Hits Key Resistance Level
Stock Indices Under Pressure Below Key Levels
Last week’s price action coupled with reversal patterns places the stock indices in a weak position for this week.
Both the FTSE 100 and Dow Jones faced a wall of resistance giving the bears a chance to take these markets lower.
The real question is if the current [...]
Financial Spread Betting: US Shares Struggle on Weak Data and Results
The Spread Betting Markets - Last Week:
Barclays and RBS fared well after the ICB report, although Lloyds suffered on the recommendation that the state-owned bank should sell over 600 branches.
Rio Tinto and BHP Billiton both fell as commodity prices, notably copper, slipped.
Commodities giant Glencore is planning an IPO that will see it double-listed [...]
Spread Betting: Euro Rallies After ECB Raise Rates
The Spread Betting Markets - Last Week:
Portugal formally requested a bailout on Wednesday last week, which had largely been priced in to markets already, but bill rates for short paper moved even higher, to above 5%.
The Euro rallied on the forex spread betting markets after Trichet announced a 25 bps rate hike, making the [...]
Spread Betting: Is Crude Oil About to See a Correction?
After recent gains the markets opened the day in a relatively flat mood. The FTSE 100 is trading at 6042 which is within a resistance zone of 6050-6117.
The possibility of a reserved move higher cannot be ruled out but a short term pivot low at 6030 is suggesting that a pullback down to the [...]
Commodities Spreads: Is Gold Heading for $1500?
With Futures already pointing to a healthy start for the US Dow Jones, the index looks set to tackle its upside price objectives.
Technically the index maintains a bullish stance with positive momentum and also showing a healthy stance by staying above its 20-period Moving Average.
The 12,545 level does not seem too far [...]
Spread Betting: Indices Bullish, but Reaching Key Levels
Last week, global indices saw several broad rallies. The charts clearly show a ‘V type’ reversal, however there are hurdles that will need to be cleared if the indices continue to head higher.
Crude oil also posted had a positive week and the current chart pattern would suggest there is still room for more upside [...]