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

Yesterday, the UK’s GDP figures showed a 0.1% gain, well below analyst’s estimates, but showing that the UK just moved out of recession.

Financial markets showed a similar lack of momentum yesterday with the FTSE 100 rallying just 0.3% and Dow Jones Spreads falling on the day.

Investors are unwilling to make any strong bets on a sustained recovery and right now it seems that markets and major economies could tip either way.

Statistically, big sell offs during an uptrend can produce quick and equally violent recoveries, but the lack of bounce so far is worrying many people.

The FTSE Spreads is expected to open down as it plays catch up with the late sell off in the US over night.

Watch the 5200 in particular. If it holds, there could be hope. If not….

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

The main economic announcement of note today is UK GDP at 09.30.

Analysts are expecting a positive number and the first rise for five quarters. A positive number will officially signal the end of a recession in the UK, so analysts will be especially keen to see how positive the number actually is.

Keep your eye on the GBP/USD and especially the EUR/GBP which is showing some good movement again this morning.

Yesterday US market such as the Dow Jones (Wall Street) finished the day higher, but it was a weak bounce with no real conviction throughout the day.

The FTSE 100 is expected to open down another 40 points and US futures are indicating a 0.8% drop at the open. Overnight the Nikkei dropped 1.1%. In short, it’s not exactly buoyant out there.

More than anything else, financial markets hate uncertainty and right now they’ve got that in spades. There are increasing fears that China’s plans to further tighten lending will have a knock on effect on the global economy.

Add to this the uncertainty over the future of Federal Reserve chairman Ben Bernanke and Obama’s recent regulatory announcement and markets have a lot on their plate.

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

The only economic announcement of note planned for today is US existing home sales at 15.00 GMT. Analysts are expecting a drop on the previous month.

However, keep your eyes out for any breaking news following up Obama’s bank regulation plan. So far the details have remained elusive and European governments are yet to follow up with any firm statements on whether they’ll follow suit with similar regulations.

For this morning, financial markets seem to have started the week on a brighter note.

The FTSE 100 and other European markets are expected to open around 1% lower.

While this will no doubt grab further headlines about the panic in financial markets, the moves on the FTSE, CAC and DAX are mainly just European traders catching up with the late afternoon sell off in the US on Friday.

The Dow Jones had looked as though it might manage to push its head above water at one point on Friday, but it unfortunately sold off for the rest of the afternoon.

European markets were closed while the bulk of this move happened so the morning’s sell off is largely an echo of that late move in the US.

The key test is what US futures are indicating American markets will do and, as of 06.00 GMT, things are looking better with a 0.5% rise expected at the open.

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.

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

This morning we’ve a whole raft of middle tier, in terms of expected ability to move markets, economic announcements from the Eurozone.

We start with French PMI data at 08.00, following by the German PMI at 08.30 and European PMI at 09.00.

We’ve also got the ECB (European Central Bank) monthly report at 09.00.

While these reports would normally have a moderate impact, however, given the state of the Euro, there could be some over reactions to news in either direction today.

At 09.30 we have UK public sector net borrowing and CBI data at 11.00

The day’s top economic announcement comes from the US with unemployment claims at 13.30 followed by important manufacturing data at 15.00.

Aside from this we have a Bank of Canada report at 15.30 followed by a press conference at 16.15. The Canadian Dollar got whacked yesterday so this press conference will be listened to with close attention.

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.

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

We have another busy trading day ahead of us today

The first economic announcement of note being the release of the latest UK unemployment claims at 09.30.

Analysts are expecting a drop in unemployment claims.

At the same time, we also get the release of the minutes from the last UK Monitory Policy Committee. After yesterday’s bigger than expected inflation report, rumours are starting to spread that a rate hike could be in the offing sooner rather than later.

Today’s minutes could further fan the flames (or put them out)

Next up we’ve Canadian inflation data at 12.00 followed by US PPI at 13.00.

PPI is a key inflation indicator so the dollar could pick up further if this comes in better than expected – also see Euro – Dollar Spreads.

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.

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

After a slow news day yesterday, we’ve a full economic news calendar for Tuesday the 19th.

We kick off with UK CPI data at 09.30. This key inflation measure is expected to show a big jump from last month’s announcement of 1.9% to 2.6%.

The British Pound is already on the rise today and any hints of greater than expected inflation could see currency pairs, such as the Pound – Dollar, shoot even higher. This ‘inflation surge’ has been partly attributed to VAT going back up to 17.5%.

At 10.00 we have European and German ZEW economic sentiment. This survey is a good measure of the level of enthusiasm in institutional investors.

At 14.00 we have the rate statement from the Bank of Canada, which is unanimously expected to keep rates on hold at 0.25%.

Bank of England Governor King speaks at 19.00 which will further add to the attention on the Pound today as traders look for hidden clues in his words.

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.

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

Today is Martin Luther King Day in the US with stock markets, such as the Dow Jones, closed for the day.

Without the major buying and selling from US banks, currency markets could be more erratic than usual today.

European markets such as the FTSE and German DAX are of course still open though.

The DAX is perched above a key level that could signal a pause in the up trend that has been so dominant since March. Keep your eye on the 5850 level, especially towards the end of the week.

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.

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

In the last post we outlined how the FTSE was having trouble with the 5,500 level and a few days on, things haven’t changed much.

The FTSE is still struggling to make much traction above this level. The 60 point trading range won’t last forever and if 5,500 continues to be problematic, the breakout could come to the downside.

A good way to play this might be Fixed Odds One Touch trades at 5450 or bear trades with the trigger here.

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.

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

US markets managed to poke their head above the gain line yesterday, but the FTSE 100 endured a strangely volatile day.

The UK’s leading share index burst out of the gate, then reversed those gains for the rest of the day before finishing the day where it started.

5500 has been a sticky level for the FTSE 100 in the past, acting as support three times on the down side and as resistance most recently on the upside.

Will the FTSE 100 struggle with this sticky level again today?

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.

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

Financial markets are quiet ahead of the first US Non Farm Payroll (NFP) report of 2010.

There are many employment indicators released each month in the US, but NFP is the one that everyone pays the most attention to. In fact, it is one of the most important economic announcements to be released each month.

NFP often moves markets, especially the Dow Jones (Wall Street) and Dollar pairs such as the GBP/USD or USD/JPY.

Each month analysts will put forward their estimates of what they think the latest number will be. The ‘number’ refers to the monthly change in employment from the previous month.

Generally, if the number is better than estimates, it will be good news for the Dow Jones and bad news for the Dollar.

This month, analyst’s estimates are varying widely, which means that markets don’t have a good steer on what might be coming up.

As a result, there could be a lot of volatility following today’s announcement; even more than usual.

The consensus estimate is for a loss of 3,000 on the previous months, but some are predicting -80,000 or as much as +59,000, the first positive reading in 2 years.

Either way, if you’re looking for action today, then don’t miss today’s NFP at 13.30. There could be fireworks. Keep an eye on the Dow Jones and USD/JPY.

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.