Optimism on Shares Spread Betting Markets Aid Dow Jones Recovery
The Week in Review:
Volatility and range made a dramatic return to the spread betting markets last week followed the long Easter weekend. Ben Bernanke was once again the foe following his comments that the US economy was yet to fully recover.
The poor non-farm figure the previous week did little to help the Dow Jones [...]
FTSE Outperforms European Spread Betting Indices Despite Trading Lower
UK Close:
It has been another rough day for European stocks after poor Italian industrial production data (6.8 percent versus 5.1 percent) indicated that austerity impacted economies continue to struggle.
Indications that Spanish bank borrowing from the ECB may have jumped 50 percent in March from February also stoked fears that contagion may be spreading [...]
FOMC Minutes Cause Dow Jones Spreads to Plunge
The Week in Review:
Dow Jones finally decided to give something back last week dropping a couple of hundred points from the close high on Monday after the FOMC meeting and minutes.
Economic news concerned these minutes, oil hikes and the return of Eurozone concerns with Spain and Portugal placed firmly in the naughty seat.
Spain’s [...]
USD FX Spread Betting Markets Could See Win-Win Ahead of NFP
FX spread betting markets may be ready to grant a win-win positioning to the US dollar ahead of Friday’s US jobs report, after further elucidation from last month’ s FOMC minutes.
A neutral-to-strong reading (at least 180k NFP and 8.3 percent or less in unemployment rate) would reduce the case for outright asset purchases, while [...]
Poor Spanish Bond Auction Drives EUR/JPY Spreads Lower
European markets have slid sharply today, partly as a result of the FOMC hangover last night, as the Fed minutes suggested that no QE would be forthcoming for the foreseeable future.
That realisation set the negative tone for the day, but sentiment wasn’t helped by disappointing European economic data out of Europe.
The final nail in [...]
FX Spread Betting: Sterling Weakens Despite Strong Construction PMI
European markets have found it difficult to build on the substance of yesterday’s gains in an almost identical repeat of last week when we saw a large market rally on Monday, only for gains to ebb away in subsequent sessions as investors take some profit.
Financial spread betting investors appear to be awaiting the latest [...]
Bernanke Comments Prompt Rallies in Shares Spread Betting Markets
The Week in Review:
It was relatively uneventful last week although we saw an equity rally on Monday triggered by comments by Federal Reserve Chairman Ben Bernanke that implied further monetary easing could be back on the table if the economy failed to continue its recent growth.
The rally ran out of steam after Bernanke’s concerns [...]
Rallying Mining Sector Boosts FTSE 100 Spread Betting Market
The FTSE 100 bounced higher by 0.5% on Friday after a heavy three day sell off that saw the UK Index lose nearly 4% from Tuesday’s highs.
This came as investors were enticed into small bouts of bargain hunting in some of the aggressively sold stock sectors, such as the miners, whilst EU officials agreed [...]
FX Spread Betting: Weak Economic Data Weighs on Single Currency
The softer tone in equity markets in recent days has carried on where it left off yesterday, as economic data continues to disappoint, prompting traders to pull money off the table at the end of a significantly positive quarter.
Today’s assessment of the outlook for the Euro area big three economy’s didn’t offer much comfort [...]
Sterling Forex Spreads Slip Back on Disappointing UK Q4 GDP
This morning’s disappointing revision in Q4 GDP lower makes it all the more important that the Q1 numbers come in showing some semblance of a recovery in the growth picture.
It would certainly need Q1 growth of at least 0.4% to keep the economy and spread betting markets moving higher on an annualised basis, after [...]