Spread Betting: Markets Already at Resistance Levels after Bullish Start
A positive start for the markets has seen stock indices rally into resistance levels which will require further bullish momentum to provide headway for further gains.
With a potential bullish pattern developing, the markets could see a sharp rally ahead. This would see a strong start to January which could suggest a potential turnaround after [...]
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 [...]
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 [...]
FTSE Spread Betting Market Rallies on Successful Spanish Bond Auction
A choppy start to the trading session and continued nerves towards potential credit ratings downgrades kept spread betting investors on edge, with early FTSE gains of around 1% quickly reversed within the first two hours of trading.
However a successful Spanish bond auction at 10am helped to reignite the day’s gains, rallying the FTSE 0.6% [...]
Gold Spread Betting Market Dropping Towards $1635 as Equities Look to Head Higher
As the spread betting markets clearly provided indecision signals noted in the previous commentary, we have seen the expected pullback take place.
Currently the stock indices are edging lower and as long as there is not a wide range expansion to the downside then the opportunity for higher December prices can still be expected.
Support [...]
Spread Betting Markets on Back Foot as Britain Vetoes EU Fiscal Changes
The Spread Betting Markets - Last Week:
The same factors that have kept spread betting investors on the back foot in recent months continued to plague markets.
Italian ministers continued developing austerity measures last week, but S&P has now put the entire Eurozone on downgrade watch.
At the EU Summit late last week, 23 of 27 [...]
Speculation over China Boosting Liquidity in Europe Pushes Spread Betting Markets Higher
The FTSE 100 saw gains of around 1% on Friday, whilst peer EU Indices the DAX and CAC saw stronger gains of 1.5% - 2% as investors reacted positively to speculation that China was set to invest $300bn into Europe and the US and continued to digest the output of a new EU accord that [...]
Shares Spread Betting: GSK Lifts the FTSE 100 as Investors Seek Safe Haven
European stocks swung between small gains and losses on Thursday in very choppy trade as investor’s eyed developments at the EU Summit in Brussels and awaited an expected interest rate cut from the European Central Bank at 12.45pm.
Investors have stayed broadly on the sidelines in trading on Thursday, which is only natural considering how much [...]
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 [...]