FTSE 100 Spread Betting Market Sees Early Gains Reversed on Poor US GDP
European indices saw positive gains largely reverse in the afternoon session on the back of an unrevised reading of US GDP for the first quarter, when a rise had been expected.
The FTSE 100 saw gains reverse to trade flat whilst the DAX and CAC both saw falls of between 0.4% and 0.8% as traders [...]
Forex Spread Betting: Greek Bonds Downgrade Breaks the Euro’s Resilience
After spiking higher on Tuesday sterling spent most of the rest of the week on the retreat.
On Thursday and on Friday morning it was languishing a cent and a half down from Monday’s starting point. The pound rallied strongly on Friday, making back that loss, and continued higher early this Monday morning. By the [...]
Gold Spread Betting Prices Stabilise but Fail to Push Higher as Indices Fall
The start of the trading week has seen sharp declines across several indices.
Concerns amongst spread betting investors indicate that this could be the start of a much awaited correction in the markets.
May seasonality factors have kicked in later than expected and could add further weakness to help the bears take the markets lower in [...]
Shares Spread Betting: LinkedIn and Glencore Floats Spur Late Recovery
The Spread Betting Markets - Last Week:
Treasury Secretary Tim Geithner had the unenviable task of announcing on Monday that the US had surpassed its self-imposed debt ceiling of $14.294trn, sapping confidence from equity markets and the dollar.
The greenback continued to fall after Empire Manufacturing, the Philadelphia Fed report and April Housing Starts figures [...]
Rand Loses 3.6% to the Pound as Precious Metal Prices Fall
The rand was the week’s loser, falling by 3.6% against the pound which itself lagged 1.2% behind the US dollar.
Sterling stepped higher on Monday, Wednesday and Friday with only minor setbacks in between. When London opened yesterday morning it was a net 40 cents stronger on the week
The rand’s lacklustre performance owed nothing to [...]
Indices Spread Trading: $1 Billion Payout Lifts BP Shares and Drives FTSE Forward
The FTSE 100 enjoyed its third day of straight gains on Friday to finish the week strongly, with BP shares leading after the firm received a $1.1 billion settlement from partner Mitsui & Co.
BP’s near 4% share price rise in indices spread trading this morning is helping to contribute around 12 points to the [...]
Shares Spread Betting: FTSE Lifted by Glencore IPO and Investec Rally
European indices continued to trade higher for a second successive session, with the FTSE, DAX and CAC all rallying between 0.5% to 0.7%.
The morning’s session has been led by continued confidence in resources stocks whilst earnings from Investec and a successful Glencore IPO have boosted Indices sentiment.
Today sees a second successive rally for European [...]
Indices Spread Betting: FTSE Rises on Resource Sector Gains but Lingers in 5 Month Range
The FTSE 100 rallied as much as 1% in early trading on Wednesday, having closed near support levels yesterday.
The resource sector is leading the charge on gains in commodity prices.
There was a positive trading session in Asia this morning with the Nikkei posting gains of 1% and there has been a firm follow through from [...]
Forex Spread Trading: Sterling Rises as UK Inflation Reaches October 2008 Highs
European stock markets were little changed in low volume trade as investors continued to eye developments from the meeting of EU finance ministers towards helping Greece to overcome its repayment difficulties.
We have seen a move by EU ministers to attempt to help out Greece, by asking creditors to extend bond maturities. In addition, Luxembourg’s Prime [...]
Commodities Spread Betting: Sell Off Continues on Back of High Chinese Inflation
The Spread Betting Markets - Last Week:
Chinese inflation figures were higher than expected, which left less room for monetary tightening. This news exacerbated the already volatile trading conditions for commodities spread betting, especially metals.
Silver lost over 18% of its value on Thursday, leading many to question whether the already oversubscribed flotation of commodities [...]