Lloyds Jumps 7% to Top of FTSE Leader Board as Markets Welcome Strategy Review

European stocks enjoyed their fourth straight session of gains on Thursday as stocks started higher once again, with appetite for risk rejuvenated by the positive austerity proceedings made in Greece. The FTSE 100, DAX and CAC all traded higher between 0.2% and 0.7% in early trade on Thursday. Index gains were led chiefly by stronger [...]

NZD/USD Hits Record High as Optimism from Greek Vote Feeds into Commodity Currencies

This morning, the Greek relief rally shows no signs of slowing with the EUR/USD hitting a three week high, with 4 positive sessions so far this week. Also adding fuel to the fire are comments from the ECB president Trichet that ‘strong vigilance’ is warranted. This is widely interpreted as meaning interest rate hikes are [...]

FTSE Climbs 1% as Market Optimism Over Greece Lifts Heavyweight Sectors

Stock indices rallied for a third straight session on Wednesday as Greece prepared to vote on new austerity measures, with investors confident that the package would pass through parliament. The FTSE, DAX and CAC all traded higher by 1%, led chiefly by gains in heavyweight mining and energy firms, indicating that traders are happy to [...]

AUD/USD Rises as Risk Appetite Returns Ahead of Greek Austerity Vote

This morning markets are steady ahead of the Greek austerity vote which could determine the state of the nation and the euro. Markets are confident that the vote will pass (just) around Midday London time. The euro is steady so far this morning with the EUR/USD up 0.2%. With its heavy commodity links and leading [...]

GBP/JPY Falls on Fears of Worse Than Expected UK Deficit Figures

This morning the British pound is showing signs of weakness ahead of this morning’s current account figures. Analysts had predicted that the deficit would narrow to -5 bn, but this morning’s soft trading implies that the number may come in worse than this. The GBP/USD is down 0.25% with the GBP/JPY down 0.37%. The US [...]

Nymex Crude Oil Plays Out Bearish Pattern as it Hits $90

With markets continuing their bearish phase in last week’s trading sessions this week starts with support levels being tested. If we see a failure to hold current support levels we could be setting up for further falls across the indices. It is important that the markets find a firm base here to start trading higher. [...]

NZD/USD Drops 1% as Concerns Over Global Recovery hit Commodity Currencies

This morning the US dollar is top dog in cautious trading ahead of the crucial Greek austerity vote this week. The EUR/USD is down 0.30%, but with euro is showing some relative strength with the EUR/CHF up 0.19% and the EUR/JPY up 0.12%. It seems it is global growth concerns rather than the Eurozone driving [...]

Dow Closes Volatile Trading Week Lower on Fed Chairman’s Dovish Tone

The Spread Betting Markets – Last Week: Another erratic week was illustrated by a 345 point range between the high and low on the Dow as the Greece situation unfolds and Bernanke’s FOMC conference agitated the market. Last Monday was range bound during the European session as there were reports European Governments were in disagreement [...]

Online Spread Betting Guide to Trading Chevron Shares

Where to Spread Bet on Chevron You can trade on spread betting markets such as Chevron with spread betting companies like: Capital Spreads Spreadex CityIndex To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies. How to Spread Bet on Chevron If [...]

Spread Betting Guide to Speculating on the Pound – Swiss Franc Market

Where to Spread Bet on the Pound – Swiss Franc You can trade on spread betting markets such as the Pound – Swiss Franc with spread betting companies like: IGIndex GFT CityIndex To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies. How [...]