Worrying Signals See Dow Jones Spreads Fail to Break Resistance Barriers
Resistance barriers holding back Bulls from higher moves
Although the declines since March have not led to a large sell-off, the stock indices do seem to be struggling to break past resistance barriers.
This could suggest we may not be out of trouble just yet. There are some worrying signs now setting up on the US [...]
EUR/USD Spread Betting Market Falls as French Downgrade Rumour Counters Positive Spanish Auction
In a fairly choppy session, European markets oscillated between positive and negative territory throughout the day.
Markets reacted positively to reports that the Chinese central bank was ready to introduce further liquidity measures, in an attempt to predicate any notion of a “hard landing” in the Chinese economy.
A relatively successful Spanish 10 year auction also proved [...]
Slowing Technology Stock Revenues Weigh on US Spread Betting Markets
European markets have had a markedly softer tone today with Spain and Italian markets bearing the brunt of the sell off with the main drag on sentiment being the financial sector.
Banks had already been on the slide, with the European banking sector spooked over concerns about the number of non-performing loans on the books of [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]