Spread Trading: Successful Italian Auction Could Alleviate Dangers of Euro Break-Up
Another day of low volume could provide some volatility today especially if the Italian debt auction and US jobless claims and home sales can give any surprises. The euro stabilizing below 1.30 after its sell-off yesterday signals spread trading investors are still cautious ahead of the Italian debt sale this morning despite a successful shorter-term [...]
Spread Betting: Europe Sees Less Volatility After Banks Lend to IMF
The Spread Betting Markets – Last Week: The trading week started with the announcement of the death of the revered dictator Kim Jong-il causing both a large media stir and a fall off in Asian markets. The price of Crude Oil shot back up breaching the $100 a barrel mark by Friday with fears reigning [...]
Positive Weekly Jobless Claims Boost US Spread Betting Markets
Equity markets have been in a much more buoyant mood across the board today, albeit against the backdrop of very light pre-holiday volumes. UK markets saw riskier assets trade broadly higher with the financial and commodities sector topping the leader board. Banks managed to pare back ground on yesterday as spread betting markets seemed to [...]
Forex Spread Trading: EUR/GBP Set for First Positive Day in 13 Days as Euro Edges Ahead
After yesterday’s severe reversal from the highs, spread betting markets are pushing higher again. Leading the charge is the EUR/USD with the pair up 0.51%, in line with S&P 500 futures. The AUD/USD suffered one of the biggest intraday reversals yesterday, but managed to close up on the day and is pushing higher again this [...]
S&P 500 Closes up Almost 3% as Eurozone Relief Rally Boosts Spread Betting Markets
December has traditionally been a bullish month for shares spread betting markets, and in today’s correlated world, other risky assets as well potentially. Santa has been slow to arrive this year, but things looked more positive yesterday as Eurozone relief sparked a major rally on stock markets and other ‘risk on’ assets. The S&P 500 [...]
Stock Market Pullback Leaves Spread Betting Indices with the Potential to Rally
After a standard pullback in last week’s trading, we now have the potential to rally this week. The stock indices are in a position to trade higher from current levels but will need some strong momentum to really see any meaningful thrust higher. Most likely we will probably have a narrow range week but with [...]
Index Spread Betting: Positive German Data and Successful Spanish Bond Auction Lift Markets
European spread betting on index markets were largely mixed on Tuesday. The FTSE 100 lost a small amount, whilst both the DAX and CAC saw gains of 0.8% after a successful Spanish bond auction and a better than expected German IFO survey. Data out of Germany this morning showed that the IFO business survey beat [...]
Forex Spread Betting: Australian Dollar Looks to Break Parity as it Gathers Momentum
Last night US spread betting markets closed down around 1%, but there is a mild recovery this morning with S&P 500 futures up by 0.5%. In forex spread betting, ‘risk on’ currencies are rallying well with the AUD/USD up 0.57% and the NZD/USD up 0.61%. The Aussie failed to break the 1.0000 recently, but today [...]
Forex Trading: Euro Falls to 11 Month Low After S&P Downgrades 10 Spanish Banks
The Spread Betting Markets – Last Week: The further west one looks right now, the safer the markets appear. Ratings agency S&P downgraded 10 Spanish banks, and the EUR/USD fell to an 11-month low after continued cash hoarding at the European Central Bank. Fears that credit lines are drying up held the common currency down [...]
FTSE 100 Spread Betting Market Opens Lower Ahead of Draghi Speech
It’s been a mildly weak start to the trading week so far with a negative bias seen across various currency pairs and stock markets. The FTSE 100 has opened down around 0.45% with S&P 500 futures flat in early trading. The British pound is one of the weaker currencies this morning, with the GBP/USD down [...]
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