Spread Betting

The Stock Market Rally Might Not Be Over Yet

Posted on July 14, 2010 by James
  • FTSE 100 makes it 6 winning days from six, closing up 2% yesterday on the back of positive BP news.
  • US markets including the Dow Jones are also six from six as of last night’s close.
  • After the closing bell, Intel’s latest earnings came in above estimates, pushing Nasdaq futures 1% higher. The rally may not be over yet.
  • US dollar showing strength against the yen this morning with the EUR/USD and AUD/USD also down mildly.
  • The pound is on the rise after yesterday’s inflation figures. The GBP/USD is up 0.25% while the GBP/JPY is 0.6% higher.
  • Coming up today we have UK jobless claims at 09.30 and US retail sales at 13.30 as the day’s standout announcements.

 

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.

 

2 Trackbacks/Pingbacks

  1. 14 07 10 16:07

    IMT

  2. 13 08 10 04:58

    TheTrader


Leave a Reply

You must be logged in to post a comment.





  Risk Warning: 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.

Disclaimer: Online-Spread-Betting.com does not endorse the information and analysis available on this site. It is provided purely for information purposes and is delivered as a personal view of the writer. Under no circumstances is the information hereon to be used or considered as, an offer to sell, or a solicitation of any offer to buy. The website content does not constitute investment advice and neither the individual contributor nor Online-Spread-Betting.com accepts any responsibility for any use that may be made of the content.

* Tax Free Trading: Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.



↑ Top