Spread Betting Markets Expected to Follow Choppy Trading Patterns Higher
The spread betting markets have respected support levels in last week’s price action but also seem to have provided an important piece of information.
Currently the secondary decline which now seems to be completed suggests that higher prices should be expected this week but we should also face choppy moves with up/down days rather than [...]
Warren Buffet $5 Billion Bank of America Investment Lifts Banking Sector
The Spread Betting Markets - Last Week:
Revelations about the full extent of bank borrowing from the Federal Reserve between August 2007 and April 2010 took the wind out of the sector’s sails early last week.
Secret loans to over 400 companies globally exceeded $1.2trn. Morgan Stanley borrowed a total of $107bn, Citigroup $99.5bn and [...]
Bernanke Speech Triggers FTSE 100 Fall Before Bargain Hunting Lifts Index 2%
A crucial speech by Fed Chairman Ben Bernanke at Jackson Hole this afternoon, where no definitive announcement of a third phase of quantitative easing was mentioned, triggered a very volatile end to trading for the week, with stock prices bouncing like a yo yo into the close, whilst traders were left somewhat disappointed.
The speech had [...]
FX Spread Betting: Loonie Weakens Despite Rise in Core Inflation
Sometimes the Loonie sticks with the US dollar, sometimes it is driven by oil prices and the other commodity currencies.
Last week it stuck with the Greenback. It could have been worse; the Australian dollar, the rand and the New Zealand dollar did even worse. But the Canadian dollar still managed to fall by -1.6% [...]
DAX Outperforms European Peers on Investor Relief Over Business Confidence Data
On Wednesday the markets continued to oscillate between fragile gains and reversals as investors struggled to pick market direction with data largely mixed.
They kept an eye on company earnings and towards what Bernanke and the Fed may do at Jackson Hole on Friday.
The FTSE 100 swung between gains and losses to trade near flat after [...]
Indices Spread Trading Markets Ride Upside Wave as Bulls Look to Return
Markets complete support levels re-test
As expected the sudden downside moves witnessed last week tested the lower boundaries for major global indices.
This week should see the start of the second wave towards the upside bringing the bulls back into play. The important aspect to note is if we break below the key lows of early [...]
Gold Spread Betting Market Breaks $1800 as German GDP Disappoints
The Spread Betting Markets - Last Week:
The market traded lower last week due to a variety of bad figures and worries over world economic growth.
German GDP came out last Tuesday worse than expected at +0.1%, feeding growing concerns over a possible double dip as the strongest economy in the Eurozone starts to falter. [...]
Dollar Spread Betting Market Strengthen Despite Fed’s 2 Year Commitment to Low Rates
America’s credit rating downgrade has done no damage whatsoever to the dollar or to investors’ appetite for its Treasury bonds.
With equity markets oscillating furiously, the demand for safety outweighed any worries investors might have had about US bonds and bills being rated AA+ instead of AAA. They wanted security and they found it in [...]
FTSE 100 Bounces off Low of 4781 as Reversal Signal Looks to Take Index Higher
Markets now set for short term counter trend rally
The market turmoil which saw stock indices jumping between +/- 3% on a daily basis has now shown its hand. The FTSE 100 reached the lower price target and has also created a reversal signal on a weekly chart. Does this mean that the bearish move is [...]
European Financial Transaction Tax Proposal is Far from Appealing
Sarkozy and Merkel are still struggling to save the world…
However, the fact is that Germany remains unwilling to pull the nuclear trigger and pull out of the Euro project.
As a result, we all know in our heart of hearts that, no matter what France and Germany say now, the result will involve humungous wedges of [...]