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 [...]
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 [...]
Spread Betting: RBS Rallies on Investment Interest from Abu Dhabi Wealth Fund
The relatively quiet economic docket coupled with a lack of any real conviction that further QE may be forthcoming has left the broad European market struggling to extend yesterdays gains.
Should additional easing occur, it will likely surprise the bond markets which - taken in context against equity markets - have not reacted to the rumours.
Main [...]
Disappointing European Data Sends EUR/USD Spreads Lower
The Week in Review:
Finally economists are in agreement that for the time being, the Eurozone is under control, although close scrutiny is being paid to Spain and Portugal, who say they do not want to branded ‘the new Greece’.
Greece though, are by no means out of the water with the Bank of Greece releasing [...]
Sainsbury’s Spread Betting Market Rallies on Strong Sales Growth
The FTSE 100 rebounded from weaker Tuesday trading to push tentatively back above the 5900 level helped by some muted buying back into mining and banking stocks; two stock sectors that suffered heavily in yesterday’s 1% FTSE losses.
Retailers have also been in stronger demand today, with the FTSE 350 retail sector rallying 0.63%, helped [...]
Strong German Sentiment Lifts Euro and Shares Spread Betting Markets
The Week in Review:
It is a rare week when the Eurozone and Greece in particular are not the focus of traders and economists thoughts.
However, last week the emphasis was on America as the S&P 500 closed above the 1400 mark for the first time since June 2008; 3 months prior to the beginning of [...]
Retail Sales and QE Maintain Momentum in Spread Betting Markets
Global bond yields hover around 5-month highs, equities near 4-year highs and the US dollar index at 2-month highs. This represents a positive trifecta whose message signals US data is at the forefront of the market rally alongside the BRICs.
Moreover, it comes at a time when the Eurozone remains shut-off by economic and banking [...]
GBP/AUD Forex Spreads Rise amid Weak Australian Data
In a week of caution and narrow ranges, the Australian dollar did not do particularly badly, with GBP/AUD rising just over a cent.
However, it was still one of the two worst performers.
Forex spread trading investors spent the first half of the week wondering if there would be problems with the Greek debt restructuring deal [...]
EUR/USD Forex Spread Betting Market Declines Ahead of Fed Statement
US dollar rallies across the board on 5-month highs in US Feb retail sales, upward revisions in both the headline and the core figures and better than expected on the core.
Spread betting investors further boost USD ahead of what may be further recognition of improved US fundamentals from the FOMC later this afternoon and [...]