Spread Betting: Concerns are Raised as Four Hungarian Banks are Downgraded
The Spread Betting Markets - Last Week:
While many spread betting investors hoped last week would see higher volumes and volatility than the first week of 2012, trading finished with more of a whimper than a bang. This was down to continued European fears and a prosaic start to quarterly earnings season.
Ratings agency Fitch cut four [...]
Indices Spread Betting Markets Rally to Resistance Levels but Remain Cautious
Our upside expectations have been met successfully with markets now at decision levels once again.
We have seen the bullish momentum continue into last week’s trading session but this week may require a little caution.
After reaching above the resistance levels we did see the indices spread betting markets pullback to almost where they had started. This [...]
Shares Spread Betting Markets Slip on Weak Italian Bond Auction and Rumours of French Downgrade
After a positive start to the morning, shares spread betting markets found gains slowly evaporate after this morning’s Italian bond auction flattered to deceive.
Despite lower yields, demand was surprisingly underwhelming with a bid to cover of 1.2, which was surprisingly low given the better than expected auction results seen the day before.
The erosion [...]
Positive Week Should See FTSE 100 Spread Betting Market Retain Bullish Trend
Markets looking to reach next upside target levels…
A mixed week previously has seen the indices hold steady at resistance levels. There could now be a Continuation Pattern in play suggesting that the spread betting markets could be heading towards its next upside objective soon.
As long as this week remains positive, the bullish trend remains [...]
Forex Spread Betting: EU Debt Crisis Expected to Lower German GDP
Comments by ratings agency Fitch that it didn’t expect to cut France’s credit rating this year saw forex spread betting markets push higher, however this was tempered by comments about the likelihood of an Italian downgrade by the end of the month.
The agency stated that “the future of the euro will be decided at [...]
Euro-Dollar Spread Betting Market Falls to 16 Month Low on Threat of French Downgrade
Unsurprisingly yesterday’s meeting between German Chancellor Merkel and French President Sarkozy failed to come up with anything tangible or new to deal with the crisis in Europe.
This remains especially important given the concerns over France’s triple “A” credit rating with the spread betting markets continuing to await the latest verdict from Standard and Poors [...]
Spread Betting: Hungary Downgraded After Failed Bond Auction
The Spread Betting Markets - Last Week:
The first trading week of the New Year displayed a quiet, flat trend across the main spread betting markets ahead of last weeks US non-farm figure.
Economic news had been dominated once again by the Eurozone with focus being on the multiple bond auctions, some being more successful than [...]
Better Than Expected US Payrolls Boost Index Spread Betting Markets
Today saw a very strong US payrolls number across all accounts including non farms, private and the US unemployment rate.
Actual figures
Consensus
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Suspension of Italy’s UniCredit Shares Pull Financial Spread Betting Markets Down
European spread betting markets have edged lower with the financial sector dragging on the equity markets following the temporary suspension of Italy’s UniCredit shares earlier in the day.
France’s bond auction was deemed a success as it garnered fairly solid demand although the borrowing costs were slightly higher, rising to 3.29% against the 3.18% yield offered [...]
Spread Betting: Markets Rally After Better Than Expected US Manufacturing Data
The markets have taken a pause for breath after the rally to kick start the new year yesterday driven by better than expected US manufacturing data and traders will be poised to take advantage of the next significant news flow.
An oversubscribed German debt sale or further positive economic data from the US this afternoon [...]