Where to Spread Bet on Ocado

You can trade on spread betting markets such as Ocado with spread betting companies like:

• Capital Spreads
• GFT
• City Index

To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies.

How to Spread Bet on Ocado

Should you decide to spread trade on UK shares like Ocado then, looking at a spread betting site like Capital Spreads on Friday, you may have seen a spread of 107.1p – 107.8p.

This means you could bet on Ocado to go above 107.8p or below 107.1p.

If you are spread trading, you trade on every unit the market increases or decreases. In the case of the Ocado market a unit is 1p of the share’s price movement.

Accordingly, you could choose to bet £15 for every penny Ocado moves up or down.

Spread Betting on the Market to Increase

If you were to buy Ocado at 107.8p and the shares went up then the spread betting market could change to 112.8p – 113.5p. If that were to happen, you could close your spread bet for a profit by selling at 112.8p.

Profit/Loss = (settlement value of the market – opening value of the market) x stake per penny
Profit/Loss = (112.8p – 107.8p) x £15 per penny stake
Profit/Loss = 5.0p x £15 per penny
Profit/Loss = £75.00 profit

Financial markets also move down, if the market dropped to, as an example, 101.9p – 102.6p, you might decide to close your bet to limit your losses. If this were the case, you would sell the market at 101.9p.

So, with the same £15 per penny stake:

Profit/Loss = (settlement value of the market – opening value of the market) x stake per penny
Profit/Loss = (101.9p – 107.8p) x £15 per penny stake
Profit/Loss = -5.9p x £15 per penny
Profit/Loss = -£88.50 loss

Spread Betting on the Market to Decrease

One of the many advantages of spread trading is that you can sell the markets.

If you recall, initially the market was priced at 107.1p – 107.8p.

If you were to go short of Ocado at 107.1p and the shares went down then the spread might change to 100.7p – 101.4p. Therefore, you could close your spread bet at 101.4p.

Profit/Loss = (opening value of the market – settlement value of the market) x stake per penny
Profit/Loss = (107.1p – 101.4p) x £15 per penny stake
Profit/Loss = 5.7p x £15 per penny
Profit/Loss = £85.50 profit

However, if the market had increased to 113.2p – 113.9p, you may decide to close your bet to restrict your losses. Assuming this was the case, you would buy at 113.9p.

Therefore, with the same £15 per penny stake:

Profit/Loss = (opening value of the market – settlement value of the market) x stake per penny
Profit/Loss = (107.1p – 113.9p) x £15 per penny stake
Profit/Loss = -6.8p x £15 per penny
Profit/Loss = -£102.00 loss

Ocado Rolling Daily spread betting market quoted as of 03-Feb-12.

Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

Where to Spread Bet on Ophir Energy

You can trade on spread betting markets such as Ophir Energy with spread betting companies like:

• IGIndex
• GFT
• CityIndex

To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies.

How to Spread Bet on Ophir Energy

Should you decide to spread trade on UK shares like Ophir Energy then, looking at a spread betting site like Financial Spreads on Friday, you may have seen a spread of 312.7p – 314.2p.

Therefore, you could spread trade on Ophir Energy to go higher than 314.2p or to go lower than 312.7p.

If you are spread trading, you bet on every unit the market moves up or down; in the case of the Ophir Energy market a unit is 1p of the share’s price movement.

For example, you might decide to trade £10 for every penny Ophir Energy increases or decreases.

Buying – Spread Betting on the Market to Go Up

If you were to go long of Ophir Energy at 314.2p and the shares increased then the shares spread betting market might be re-priced at 326.8p – 328.3p. If that were to happen, you might want to close your spread bet for a profit by selling at 326.8p.

P&L = (closing price of the market – initial price of the market) x stake per penny
P&L = (326.8p – 314.2p) x £10 per penny stake
P&L = 12.6p x £10 per penny
P&L = £126.00 profit

On the other hand, if the market had moved down to 303.2p – 304.7p, you might decide to close your trade to restrict your losses. If that happened, you would sell at 303.2p.

You would close your bet with the same £10 per penny stake:

P&L = (closing price of the market – initial price of the market) x stake per penny
P&L = (303.2p – 314.2p) x £10 per penny stake
P&L = -11.0p x £10 per penny
P&L = -£110.00 loss

Selling – Spread Betting on the Market to Go Down

A benefit of placing a spread bet is that investors can short the markets.

The initial spread was 312.7p – 314.2p.

If you were to sell Ophir Energy at 312.7p and the shares went down then the spread might change to 301.8p – 303.3p. If this were the case, you might decide to take your profits by closing your spread trade at 303.3p.

P&L = (initial price of the market – closing price of the market) x stake per penny
P&L = (312.7p – 303.3p) x £10 per penny stake
P&L = 9.4p x £10 per penny
P&L = £94.00 profit

Financial markets also move up, if the market increased to 319.4p – 320.9p, you could choose to close your bet to prevent further losses. Therefore, you would buy at 320.9p.

With the same £10 per penny stake:

P&L = (initial price of the market – closing price of the market) x stake per penny
P&L = (312.7p – 320.9p) x £10 per penny stake
P&L = -8.2p x £10 per penny
P&L = -£82.00 loss

Ophir Energy Rolling Daily spread betting market taken as of 03-Feb-12.

Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

This morning, spread betting markets are generally quiet with a slight negative bias ahead of today’s big US jobs data.

Analysts are predicting a relatively big drop in US payroll activity from 200k to 150k, but as ever it will be any big deviations from this number that determine the trade flow for the remainder of the day.

Yesterday’s big mover, the New Zealand dollar is the morning’s worst performer, with the NZD/USD down 0.30%.

Other than this, there isn’t too much movement to speak of, though it is worth noting the relative strength shown by the EUR/GBP so far this morning.

Trading Today

In addition to Non Farm Payrolls at 13.30, we also have US unemployment rate numbers at 8.5%, followed by ISM Non Manufacturing PMI.

Prior to this we have UK services PMI at 09.30 with a slight drop expected.

Canadian employment change is also released at 12.00 with a slight increase expected.

GBP/JPY Trading Idea

The GBP/JPY has been under pressure since April 2011, but there are signs of stabilisation, especially considering the yen’s proximity to record lows.

A way to trade this might be a HIGHER trade predicting that the GBP/JPY closes above 123.00 in 56 days (March 30th) for a potential return of 203%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

The Markets Yesterday Afternoon

It was a mixed day yesterday with the US dollar index generally making gains on the session, though this was far from being true for all pairings.

The key US economic announcements for the day came in better than expected with US unemployment claims coming in below estimates.

The British pound showed relative weakness with the GBP/USD down 0.17% and the GBP/JPY down 0.26%. This came after worse than expected UK construction PMI data.

The euro was mixed through the day as Greek deal rumours circulate.

The New Zealand dollar continued to be the go to currency of the moment though, continuing its excellent run of late.

In gold spread betting, the metal also showed few signs of pegging back, with a 0.65% rally on the day.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Markets are cementing yesterday’s general rally with small gains or consolidation this morning.

There is not much movement to speak of thus far, but spread betting markets will no doubt be happy that yesterday’s gains haven’t been immediately erased.

The Australian and New Zealand dollar were up around 0.25% in early trading but have been pegged back as we enter the European open and are now flat on the day.

The NZD/USD is still sitting firmly above the 0.8300 level.

The EUR/USD is on the back foot somewhat with this pressure increasing as European traders get to their desks. Unlike the AUD/USD, the January high is yet to be breached.

Gold is trading 0.25% higher and just shy of $1750.

Trading Today

Coming up today we have UK construction PMI due at 09.30 with a reduced reading expected.

We then have US unemployment claims following at 13.30 with a slight drop on the cards.

Fed chairman Ben Bernanke testifies before congress at 15.00.

USD/JPY Trading Idea

The yen’s recent strength will no doubt be testing the Bank of Japan’s patience, with the USD/JPY within sight of its all time low around 75.50.

With the 76.00 recently acting as support, now could be a time for a HIGHER trade on the USD/JPY.
A way to trade this might be a HIGHER trade predicting that the USD/JPY closes above 76.50 in 7 days time for a potential return of 177%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

This morning markets are being buffeted by cross winds.

One big positive has been the better than expected Chinese Manufacturing PMI.

The negatives include worse than expected Australian house price figures and the not entirely surprising news that the Greek bailout negotiations are dragging on.

In forex spread betting, the New Zealand dollar has been hardest hit with the NZD/USD down 0.20%, though the pair is well off the morning lows.

The pound and euro are both down around 0.15% against the US dollar and around 0.2% against the yen.

Trading Today

Coming up today we have UK Manufacturing PMI due at 09.30 with a small drop expected.

At 13.15 we have the month’s first major announcement with US ADP Payrolls expected to show a decrease on last month.

ISM manufacturing PMI follows at 15.00 with an increased expected.

EUR/USD Trading Idea

The medium and long term prognosis for the euro is still murky, but on a pure technical basis, the EUR/USD could be ready for a bounce here after two days of pressure.

Through 2011, the EUR/USD a pair to trade pullbacks and today could present such an opportunity.

A HIGHER trade predicting that the EUR/USD closes above 1.3125 in 1 days time could return 140%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

The Markets Yesterday Afternoon

The euro lagged far behind its peers yesterday with the distance increasing through the afternoon session.

The main catalyst had been the lack of progress from Greece and a stubbornly high European unemployment rate.

The EUR/USD was down 0.61%, but the EUR/GBP showed the relative weakness best, down 0.86%.

US data was little better, with the main US house price index, Chicago PMI and CB Consumer confidence all falling more than expected.

This was actually good news for the US dollar which moved off the day’s lows. The USD/CAD rose above parity once again while in gold spread betting, the precious metal lost $15 from the day’s highs.

The NZD/USD held up well though, up 0.80% on the day.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

This morning traders are taking heart from the relatively peaceful European summit with legally binding agreements over national budgets.

Benefit of the doubt is also being given to Greece as its PM provided strong hints that a debt deal is imminent.

This no doubt provides much frustration to the army of hedge fund managers who have been betting on the euro’s demise. The EUR/USD is now well above the January lows and up 0.32% today.

The biggest gainers this morning have been the commodity currencies, with the NZD/USD leading the pack at +0.90% and the AUD/USD not far behind at +0.60%. The Canadian dollar is lagging slightly, but it first has to overcome the tricky parity (1.0000) level.

The yen continues to out perform, putting further pressure on the US dollar.

This is helping gold spread betting markets push to new 2012 highs, with the precious metal up 0.82% on the day.

Trading Today

Coming up today we have a raft of Economic data points, starting with UK net lending to individuals at 09.30.

The European unemployment rate follows at 10.00.

Canadian GDP arrives at 13.30 with a slight increase of 0.2% on the cards.

US S&P Case-Schiller house prices are released at 14.00 with Chicago PMI due at 14.45.

CB consumer confidence numbers follow at 15.00.

Gold Trading Idea

Gold has enjoyed a strong 2012 thus far, lifting strongly off the late 2011 lows to rally nearly $200 in around 30 days. Although nowhere near the 2011 highs, gold is approaching the point where it has moved to far too quickly. If its not there right now it may not be too far off.

A way to trade this might be a LOWER trade predicting that gold closes below $1725 in 7 days time for a potential return of 159%.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

The Markets Yesterday Afternoon

Throughout yesterday, the euro was under increasing pressure as markets lost patience with talk of a Greek deal being ‘just around the corner’.

The debate revolves around how much sovereignty Greece is willing to cede and how much trust ‘core’ nations such as Germany have in Greece to handle any bailouts prudently.

With Greece being seen as a potential bottomless pit, Germany does not want to see money go down the drain, while at the same time the Greek population and politicians are not ready to cede control of their finances.

As Thomson Reuter’s Michael Cartine aptly put it: “We get into a political battle over how committed Germany/core states are to the euro and how committed peripheral/weaker states are to staying in the euro.”

Arguably we are now getting to the crux of the structural weakness in the euro itself.

Greece is an individual nation state within Europe with control over its own finances, yet a successful resolution of this crisis will surely see Greece and other nations cede more sovereign control to a central European government.

Either that or Greece decides that it values its sovereignty over membership of the Eurozone. Increasingly it seems that the middle road course of muddling through or passing debt around just isn’t working.

The EUR/USD was down 0.70% on the day with the EUR/GBP showing the euro’s relative weakness, down 0.41%.

The yen was in demand again with the USD/JPY dropping to its lowest levels since October and the EUR/JPY down over 1%.

The Canadian dollar enjoyed some relative strength in the afternoon session though after ratings agencies gave its banks the nod over Australian.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

This morning, the Australian dollar is being hit hard after ratings agency Fitch placed four of its banks on credit watch negative. The AUD/USD is down 0.91% with the AUD/JPY off by a similar margin. The NZD/USD is not far behind at -0.77%.

Away from the Antipodean currencies, the euro is the biggest faller as Greek debt negotiation stumble forward without resolution.

The rhetoric was ratcheted up over the weekend over suggestions that Greek be forced to let the EU control its finances, an idea firmly rejected by Greece so far.

It’s not the backdrop politicians were hoping for as we head into the EU economic summit today, to put it mildly.

The EUR/USD is down 0.42% with the EUR/GBP forex spread betting pair down by 0.10%.

The US dollar is generally enjoying a positive day with gold suffering as a consequence. The precious metal is down by around 0.67% on the day.

Trading Today

It’s a relatively quiet day for the economic calendar with US Core PCE Price index and personal spending at 13.30 the main item of note.

This will no doubt be superseded by any headlines coming from the EU economic summit though.

EUR/GBP Trading Idea

The EUR/GBP has been following a familiar pattern in 2012 of up days generally followed by down days. So far the balance has been such that the down days have been on average smaller than the up days.

However, with the pair trading just below resistance at 0.8400, today could be an opportunity for a LOWER trade, especially if there are some headlines from the EU summit that fail to impress.

A way to trade this might be a LOWER trade predicting that the EUR/GBP closes below 0.8350 for a potential return of 209% in 1 days time (Tuesday Jan 31st).

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

The Markets Friday Afternoon

On Friday afternoon, the Japanese yen extended its two day surge, fuelled by worse than expected US economic data.

The USD/JPY was down 1.00%, its biggest single day drop for some time, with the AUD/JPY not fair behind at -0.84%.

The dollar was under pressure across the board with the NZD/USD extending its recent bull run and in gold spread betting, the precious metal rallied 0.87%.

The euro was having a fine day of it as well after a successful Italian bond auction.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.
 

Where to Spread Bet on Research in Motion

You can trade on spread betting markets such as Research in Motion with spread betting companies like:

• FinancialSpreads
• Spreadex
• CityIndex

To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies.

How to Spread Bet on Research in Motion

Should you decide to spread bet on US shares like Research in Motion then, looking at a spread betting website like Capital Spreads on Thursday, you may have seen a spread of $16.25 – $16.28.

That means you could spread trade on Research in Motion to go above $16.28 or below $16.25.

With spread betting, investors trade on every unit the market increases or decreases; in the case of the Research in Motion market a unit is $0.01 of the share’s price movement.

Accordingly, you might decide to spread bet £3 for every cent Research in Motion moves up or down.

Spread Betting on the Market to Increase

If you were to buy Research in Motion at $16.28 and the shares increased then the spread could become $16.56 – $16.59. If so, you could close your trade at $16.56.

Your P&L = (settlement level of the market – opening level of the market) x stake per cent
Your P&L = ($16.56 – $16.28) x £3 per cent stake
Your P&L = $0.28 x £3 per cent
Your P&L = £84 profit

Conversely, if the market decreased to, for example, $15.95 – $15.98, you may want to close your trade to prevent further losses. If that were to happen, you would sell the market at $15.95.

With the same £3 per cent stake:

Your P&L = (settlement level of the market – opening level of the market) x stake per cent
Your P&L = ($15.95 – $16.28) x £3 per cent stake
Your P&L = -$0.33 x £3 per cent
Your P&L = -£99 loss

Spread Betting on the Market to Decrease

One major advantage of spread betting is that investors can short the markets.

If you recall, initially the market was priced at $16.25 – $16.28.

If you were to sell Research in Motion at $16.25 and the shares fell then the spread could become $15.84 – $15.87. In that case, you could decide to take your profits by closing your trade at $15.87.

Your P&L = (opening level of the market – settlement level of the market) x stake per cent
Your P&L = ($16.25 – $15.87) x £3 per cent stake
Your P&L = $0.38 x £3 per cent
Your P&L = £114 profit

On the other hand, if the market had moved up to, for example, $16.66 – $16.69, you may want to close your trade to limit your losses. Assuming this was the case, you would buy the market at $16.69.

Therefore, with the same £3 per cent stake:

Your P&L = (opening level of the market – settlement level of the market) x stake per cent
Your P&L = ($16.25 – $16.69) x £3 per cent stake
Your P&L = -$0.44 x £3 per cent
Your P&L = -£132 loss

Research in Motion Rolling Daily prices accurate as of 26-Jan-12.

Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

Where to Spread Bet on African Barrick Gold

You can trade on spread betting markets such as African Barrick Gold with spread betting companies like:

• IG Index
• GFT
• CMCMarkets

To see which companies offer 24 hour trading, new account offers, stop losses and trading charts see Spread Betting Companies.

How to Spread Bet on African Barrick Gold

If you are going to spread trade on UK shares like African Barrick Gold then, on visiting a spread trading site like Financial Spreads on Friday, you may have seen a spread of 513.8p – 516.2p.

This means you could spread trade on African Barrick Gold to increase higher than 516.2p or to decrease lower than 513.8p.

When spread betting, you bet on every unit the market goes up or down. For the African Barrick Gold market a unit is 1p of the share’s price movement.

As an example, you could choose to spread bet £5 for every penny African Barrick Gold rises or falls.

Betting on the Market to Go Up

If you were to buy African Barrick Gold at 516.2p and the shares went up then you might see the spread move to 542.0p – 544.4p. In that case, you might decide to close your bet for a profit by selling at 542.0p.

Your Profits (or Losses) = (closing value of the market – initial value of the market) x stake per penny
Your Profits (or Losses) = (542.0p – 516.2p) x £5 per penny stake
Your Profits (or Losses) = 25.8p x £5 per penny
Your Profits (or Losses) = £129.00 profit

The markets can of course fall, if the market dropped to, for example, 493.0p – 495.4p, you may want to close your trade to limit your losses. Therefore, you would sell at 493.0p.

You would do this with the same £5 per penny stake:

Your Profits (or Losses) = (closing value of the market – initial value of the market) x stake per penny
Your Profits (or Losses) = (493.0p – 516.2p) x £5 per penny stake
Your Profits (or Losses) = -23.2p x £5 per penny
Your Profits (or Losses) = -£116.00 loss

Betting on the Market to Go Down

One advantage of placing a spread bet is that investors can sell the markets.

When we started this example, the price was 513.8p – 516.2p.

If you were to go short of African Barrick Gold at 513.8p and the shares decreased then the spread could move to 489.6p – 492.0p. If so, you might decide to close your bet for a profit by buying at 492.0p.

Your Profits (or Losses) = (initial value of the market – closing value of the market) x stake per penny
Your Profits (or Losses) = (513.8p – 492.0p) x £5 per penny stake
Your Profits (or Losses) = 21.8p x £5 per penny
Your Profits (or Losses) = £109.00 profit

Conversely, if the market increased to, as an example, 531.1p – 533.5p, you may decide to close your trade to prevent further losses. If this were the case, you would buy at 533.5p.

With the same £5 per penny stake:

Your Profits (or Losses) = (initial value of the market – closing value of the market) x stake per penny
Your Profits (or Losses) = (513.8p – 533.5p) x £5 per penny stake
Your Profits (or Losses) = -19.7p x £5 per penny
Your Profits (or Losses) = -£98.50 loss

African Barrick Gold Rolling Daily spread betting market quoted as of 27-Jan-12.

Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

This morning, the yen is continuing its snap rebound after a sharp slump at the beginning of the week.

The USD/JPY is heading back towards the 77.00 region after pushing above 78.00 just two days ago.

Other yen pairs are following suit with the EUR/JPY the weakest of the bunch, down 0.56% this morning. The AUD/JPY is not far behind, down 0.50%.

This is adding further pressure on the dollar index which continues its ten day slump.

The falls this morning are small, with mixed trends so far this morning. The EUR/USD is down slightly while the NZD/USD continues to advance, up 0.18%.

With debt negotiations ongoing and the rhetoric stepping up at the World Economic Forum, there could still be room for some volatility on the euro today.

Trading Today

Coming up today we have European M3 Money Supply at 09.00 with a slight increase expected.

ECB President Draghi speaks at 13.15.

US Advance GDP figures are released at 13.30 with relatively solid increase of 3% expected by analysts.

USD/CAD Trading Idea

The USD/CAD hit parity (1.0000) for the first time since the end of October.

The pair has a habit of rebounding off key levels at the first time of asking so there could be room for upside here, especially with the dollar having been under so much pressure.

A way to trade this might be a HIGHER trade predicting that the USD/CAD closes higher than 1.0050 in 3 days time could return 181% if successful.

Editor’s note: If you lose a financial fixed odds trade you lose 100% of your stake.

The Markets Yesterday Afternoon

Yesterday’s bullish bias on index spread betting was cut back a notch as we went into the European close, but not by much with the Dow Jones up by 0.11% and the FTSE 100 with a +1% close.

The dollar clawed back some ground against most pairs, but still remained under pressure.

The NZD/USD fell back from the day’s highs, but was up 0.50% on the day, with the Canadian dollar strengthening as the day progressed, with the USD/CAD down 0.44%.

Gold was similarly off the highs, but still up 0.70% on yesterday’s session.

The euro lagged other currencies, but still put in a decent showing, with the EUR/USD up 0.25% on the day.

 
Before trading with spread betting, CFDs or financial fixed odds ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved. These products may not be suitable for all investors, seek independent financial advice where necessary.

Note that spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial investment.

The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.