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 [...]
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 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 maturity [...]
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 take a [...]
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 at [...]
Firmer European Spread Betting Markets Boost US Stock Market Indices
UK markets today have seen defensives take a back seat in the UK as commodities and basic resources staged a bounce back with miners leading the way on the back of firmer metal prices.
Kazakhmys and Antofagasta were leaders of the pack up 3.78% and 3.36% respectively.
However, it must be noted that 3 month copper [...]
Index Spread Betting: Sustainability of Market Gains Will be Dictated by Merkozy’s Delivery
The eyes of traders and investors all over the world will be watching developments with bated breath in Brussels this week. The latest EU Summit is being fast heralded as a ‘make or break time’ for the euro and Eurozone as a whole.
German Chancellor Angela Merkel and French President Nicolas Sarkozy will be attending the [...]
Indices Spread Betting Markets look to Carry Bullish Momentum Into December
The markets delivered the end of month rally as expected for November.
Currently the indices spread betting markets appear to have reached an indecision level with reversal patterns providing an early indication that a pullback could be in the making. If we do see a correction then it is probably going to be short term [...]
Central Banks Help Spread Betting Markets Post Their Best Weekly Gains Since Early 2009
The Spread Betting Markets - Last Week:
In a week that saw central banks act where politicians have so far abstained, global shares spread betting markets were set to post their best weekly gain since early 2009.
For forex spread betting, the move reflected not only the Fed’s significant cut to the cost of dollar funding [...]