Spread Betting: FTSE 100 Rallies After China Cuts Bank Reserve Requirement Ratio
The FTSE 100 and broader European Indices recovered from earlier losses after China cut the bank reserve requirement ratio by 0.5%.
The move was taken to curb slowing growth and marks a change in tune from a previous hawkish monetary policy stance.
The move was enough to sharply increase short term demand of mining stocks. [...]
FTSE 100 Spread Betting Market Rallies But has To Hold at 5200 To Confirm Reversal
As expected the markets declined into support and may now look for a base to rally into the end of the month and start of December.
The short-term trend provided a bearish move to the downside and if the rally does not hold into next month then a move to the upside may be of [...]
FX Trading: Euro Slides on Weak German Bond Issue
The Spread Betting Markets - Last Week:
In shares spread betting, equities continued their sell-off throughout the week, and volumes waned across the board when US markets closed on Thursday for the Thanksgiving holiday.
European bond markets were the centre of attention, with Italian 10 year bond yields again pushing above the 7% mark and 6-month [...]
Spread Betting: Stock Markets Rebound After 9 Straight Losing Days
It’s been a bad week for equity markets and it looked set to be another disappointing day for the markets as fears about Europe, as well as more profit warnings, weighed on sentiment across the board.
The FTSE 100 spread betting market hit its lowest levels since 5th October this morning. The index then rebounded sharply [...]
Stock Markets Break 8 Day Losing Streak but Only on Weak Volumes
European markets initially looked set to break their long losing streak today, but with the US being off due to the Thanksgiving, break volumes have been light.
Unfortunately today’s meeting in Strasbourg between Merkel, Sarkozy and unelected Italian PM Monti, like many meetings before it, failed to live up to expectations. In terms of progress, little [...]
FTSE 100 Spreads Break Key Resistance as Momentum Takes Index Down Towards 5000
The recent move to the downside has seen the return of the bears once again.
Whilst there were signs of a continued move to the upside it now looks like the month of November may have a negative close if we do not see a turnaround soon.
As noted previously the momentum indicators had shifted [...]
S&P 500 Spreads Drop as Fitch Warns US Banks Over European Debt Exposure
The Spread Betting Markets - Last Week:
Trading last week was solely based on events coming out of Europe. Italian yields shot up sharply as their sovereignty came into question. The fear of contagion within the Eurozone caused Spanish debt to also rise on the back of Italian woes.
These yields have reached levels that many [...]
Spread Betting on Forex: Political Deadlock in Europe and US Continues to Hurt Sentiment
The continued refusal of Germany or the European Central Bank to countenance any type of large scale money printing solution to the Eurozone crisis will continue to weigh on Europe this week.
The inability of European leaders to agree on measures to deal with the problems look set to hurt the sentiment of those spread betting [...]
Indices Spread Betting Markets Remain Volatile as Dow Looks to Break Key Resistance
Last week’s trading continued to see indices spread betting markets trade in a very choppy sideways mode which did not provide any clues to near term direction.
The main theme of uncertainty still dominates the current market environment and is not helping the bulls to lift prices higher.
November generally is a bullish month and [...]
Admiral Group Spreads Plunge 30% on Weak Earnings Expectations
The Spread Betting Markets - Last Week:
Spread betting last week was largely driven by political developments and headline-induced sentiment. We started the week with the news that George Papandreou would be stepping down as Greek Prime Minister and Lucas Papademos, a former central banker, would replace him.
Elsewhere along the Mediterranean, Italian 10 year bond yields [...]