Will Strong US Earnings Lift the FTSE 100 Spread Betting Market?
The FTSE 100 traded higher by 10 points despite shockingly bad retail sales figures in the UK as most spread betting investors continued to cast their eye towards US economic data and corporate earnings. The FTSE 100 traded in a narrow range of just 24 points, echoing the traditional summer lull that typically impacts the [...]
FX Spread Betting Investors Seek USD Haven ahead of Chinese GDP Figure
European Spread Betting Markets Concerns about growth, or the lack of it, as well as the apparent reticence on the part of central banks has weighed on markets today as European markets slide back amid continued concern about the global growth outlook. Unsurprisingly, the Fed minutes showed little inclination to lean towards further large scale [...]
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 [...]
Spanish Ibex Index Falls Sharply as Moody’s Puts Spain on Negative Watch
Stock Indices around Europe suffered yet more falls on Friday as investors sold out of risky asset classes ahead of a pivotal weekend of negotiations on Capitol Hill to agree on deficit cuts and raise the US debt ceiling before the August 2 deadline. A move by rating agency Moody’s to place Spain on review [...]
Trading the UK Election with City Index
Getting Ready for the Election Results Note that with City Index you can react as the UK Election results come in and enjoy a 1 point spread on the UK 100 Index from 1 am – 9 pm on Friday 7th May, including rolling, daily future spread bets and CFDs (excluding CFDs futures). City Trading [...]
The Forex Markets – A Trading Update
The Financial update from David Evans, BetOnMarkets. The trading week is just a few hours old, and the sellers are already out in force for the British pound. The move is partly a continuation of last week’s momentum and partly a function of increasing fears over a hung parliament in the upcoming UK elections. The [...]
Financial Markets and Crude Oil Update
Although US equity markets are today closed for Independence Day holiday, some interesting news pertinent to Wall Street has been released. Unidentified sources have told Bloomberg News that JPMorgan Chase has hired one of Merrill Lynch’s top merger & acquisitions advisors in Japan to boost its merger advisory and equity underwriting business in the region, [...]