Spread Betting

Archive for December, 2011


Forex Spread Trading: EUR/GBP Set for First Positive Day in 13 Days as Euro Edges Ahead 0

Posted on December 22, 2011 by James

After yesterday’s severe reversal from the highs, spread betting markets are pushing higher again. Leading the charge is the EUR/USD with the pair up 0.51%, in line with S&P 500 futures.

The AUD/USD suffered one of the biggest intraday reversals yesterday, but managed to close up on the day and is pushing higher again this morning.


Trading Today

Today we have UK current account data at 09.30 with a big increase in the deficit down to -5.6bn.

UK Unemployment claims are released at 13.30 with a slight rise expected.


EUR/GBP Fixed Odds Trading Idea

The EUR/GBP Spreads is set for its first positive day since the 9th as the euro edges ahead of other currencies. The extended trend has been quite out of character which may make the rebound more powerful.

A way to trade this might be a HIGHER trade predicting that the EUR/GBP closes above 0.8375 in 7 days time for a potential return of 199%.

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


The Markets Yesterday Afternoon

Markets have fully reversed the morning’s rally after bigger than expected ECB borrowing levels spooked markets.

The concern is that banks are in more trouble then previously supposed, though this is no more than speculation at the moment.

In FX spread trading, the AUD/USD shows the reversal well today.

 
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.
 

S&P 500 Closes up Almost 3% as Eurozone Relief Rally Boosts Spread Betting Markets 0

Posted on December 21, 2011 by James

December has traditionally been a bullish month for shares spread betting markets, and in today’s correlated world, other risky assets as well potentially.

Santa has been slow to arrive this year, but things looked more positive yesterday as Eurozone relief sparked a major rally on stock markets and other ‘risk on’ assets.

The S&P 500 closed up 2.98% with the Dow Jones rallying 2.87%. There is follow through this morning with the S&P 500 futures up another 0.53%.

The ‘risk on’ currency pairs of the AUD/USD and NZD/USD are showing similar sentiment, extending yesterday’s surge with a 1.25% and 1.18% rally this morning.

Gold is continuing to display characteristics of a risky rather than safe haven asset, rallying 0.95% this morning.

The euro continues to lag, as does the pound with the EUR/USD and GBP/USD both up by 0.47%.


Trading Today

Today we have the release of the minutes from the last MPC meeting and public sector net borrowing figures which are expected to balloon to 15.5bn.

Canadian core retail sales are released at 13.30 with a slight rise expected.

US existing home sales are released at 15.30 with a slight increase on the previous number expected.


AUD/USD Fixed Odds Trading Idea

Markets have put together an impressive two day rally, but will it last?

Markets have certainly been beaten up this last week, so this will be something of a relief rally. In the current environment though, markets can swing by 1% in either direction at the merest whim of a ratings agency of European political announcement.

More stop gaps have been suggested by the ECB, but broad, meaningful reforms have so far not been forthcoming on Europe.

So a pull back trade may offer a value bet here and the AUD/USD may be a way to trade this.

A LOWER trade on the AUD/USD to close below 1.0125 in 7 days time (Dec 28th) could return 172% if successful.

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


The Markets Yesterday Afternoon

It was a much better day for financial markets following the success of the Spanish bond auction and with US building permits coming in above expectations.

Stock markets led other assets higher with the S&P 500 futures up 2.63% and the FTSE 100 up 1.02%.

‘Risk on’ currency pairs were fuelled by the same bullish enthusiasm, sending the AUD/USD 1.89% higher and the NZD/USD 2.00% higher.

While Spanish bonds were getting the headlines, the euro still lagged behind.

The EUR/USD was up 0.66%, behind the GBP/USD which itself was slow at +1.00%.

Consequently the EUR/GBP slipped back further, down 0.40%.

In gold spread betting, the precious metal continued its positive correlation with ‘risk on’ trading, pushing higher by 1.26%.

 
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.
 

Forex Spread Betting: Australian Dollar Looks to Break Parity as it Gathers Momentum 0

Posted on December 20, 2011 by James

Last night US spread betting markets closed down around 1%, but there is a mild recovery this morning with S&P 500 futures up by 0.5%.

In forex spread betting, ‘risk on’ currencies are rallying well with the AUD/USD up 0.57% and the NZD/USD up 0.61%. The Aussie failed to break the 1.0000 recently, but today looks to have some good momentum.

By contrast, the euro is still lagging behind with the EUR/USD up just 0.28% this morning with the EUR/GBP extending its down trend as the pair slips 0.26% in early trading.

Uncertainty still reigns in the Europe after the UK decided not to contribute additional funds to the IMF bailout stating that such funds should only be used to bail out countries not currencies.

In this, the UK does appear to be making the important distinction that many European politicians are not conceding.


Trading Today

We have a busy day of data today starting with German IFO Business climate conditions at 09.00. The numbers are forecast to come in at 106.2, slightly lower than last month.

At 11.00 with have UK CBI realised sales.

At 12.00 we have Canadian CPI.

US building permits follow at 13.30 with no significant change expected.


EUR/GBP Fixed Odds Trading Idea

The EUR/GBP has extended its downtrend this morning, in a continuation of trend which is out of character for the pair. Quite often its two steps forward, one step back for the pair so there could be some opportunity for an upside bet.
A good way to play this is a HIGHER trade predicting that the EUR/GBP closes above 0.8400 in 1 days time for a potential return of 177%.

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


The Markets Yesterday Afternoon

Yesterday afternoon financial spread betting markets slipped back after new ECB president Mario Draghi gave a rather conservative speech to the European parliamentary commission, cooling hopes of dramatic ECB activity.

In addition there was the added geopolitical uncertainty of North Korea’s power succession.

Stock markets led markets lower with S&P 500 futures off by 0.52%. ‘Risk on’ currency pairs such as the AUD/USD were also feeling the pressure with the Aussie down 0.65%.

The euro was by contrast fairly steady, hardly moving for most of the day. The EUR/GBP flipped to negative though as the pound recovered relative to the euro.

 
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.
 

FTSE 100 Spread Betting Market Opens Lower Ahead of Draghi Speech 0

Posted on December 19, 2011 by James

It’s been a mildly weak start to the trading week so far with a negative bias seen across various currency pairs and stock markets.

The FTSE 100 has opened down around 0.45% with S&P 500 futures flat in early trading.

The British pound is one of the weaker currencies this morning, with the GBP/USD down by 0.3%. This lifts the EUR/GBP off the troublesome 0.8400 level.

The AUD/USD is down by 0.3% also.

Other than these early moves, it seems financial spread betting traders are in wait and see mode with Europe still having the potential to scupper anything with a single news bulletin.


Trading Today

Today’s major economic news item is ECB President Draghi speaking at 15.30.

News reports over the weekend imply Draghi is at least considering the possibility of the euro breaking up so it should make for a newsworthy speech at least.


EUR/USD Fixed Odds Trading Idea

There hasn’t been much follow through on EUR/USD moves in the 2nd half of 2011. In fact buying after a down day (and vice versa) has been more profitable than looking for any follow through on the through movement.

After two consecutive up days on the EUR/USD, today could be a good day to use a LOWER trade looking for the reversal lower.

One way to trade this could be a LOWER trade predicting that the EUR/USD is below 1.3000 in 1 days time could return 106% if successful.

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


The Markets Friday Afternoon

As we headed towards the end of the trading week, markets looked set to register a poor week, despite Friday’s mildly positive session.

Shares spread betting markets across the world looked likely to close the week lower, while Gold had a week to forget, dropping over $100.

The NZD/USD was the biggest gainer on Friday, trading up 1.15% but this looked to be an outlier in what was a tough slog of a 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.
 

Online Spread Betting Guide to Trading FedEx Shares 0

Posted on December 18, 2011 by James

Where to Spread Bet on FedEx

 

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

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 FedEx

 

If you are going to spread bet on US shares like FedEx then, looking at a spread trading website like Financial Spreads on Friday, you may have seen a spread of $84.85 – $85.00.

Therefore, you could bet on FedEx to increase above $85.00 or decrease below $84.85.

If you are spread trading, you trade on every unit the market rises or falls. In the case of the FedEx market a unit is $0.01 of the share’s price movement.

So, you might choose to spread bet £1 for every cent FedEx moves up or down.

 

Betting on the Market to Move Up

 

If you bought FedEx at $85.00 and the shares increased then the market might be re-priced at $86.28 – $86.43. If this were the case, you might decide to take your profits by closing your spread bet at $86.28.

Your P&L = (settlement level of the market – initial level of the market) x stake per cent
Your P&L = ($86.28 – $85.00) x £1 per cent stake
Your P&L = $1.28 x £1 per cent
Your P&L = £128 profit

However, if the market were to drop to, for example, $83.56 – $83.71, you may decide to close your bet to prevent further losses. If that were to happen, you would sell the market at $83.56.

You would do this with the same £1 per cent stake:

Your P&L = (settlement level of the market – initial level of the market) x stake per cent
Your P&L = ($83.56 – $85.00) x £1 per cent stake
Your P&L = -$1.44 x £1 per cent
Your P&L = -£144 loss

 

Betting on the Market to Move Down

 

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

The original market was priced at $84.85 – $85.00.

If you were to sell FedEx at $84.85 and the shares decreased then the spread might change to $83.62 – $83.77. Assuming this was the case, you might decide to take your profits by closing your trade at $83.77.

Your P&L = (initial level of the market – settlement level of the market) x stake per cent
Your P&L = ($84.85 – $83.77) x £1 per cent stake
Your P&L = $1.08 x £1 per cent
Your P&L = £108 profit

Conversely, if the market increased to $85.93 – $86.08, you may want to close your spread bet to restrict your losses. In that case, you would buy the market at $86.08.

Therefore, with the same £1 per cent stake:

Your P&L = (initial level of the market – settlement level of the market) x stake per cent
Your P&L = ($84.85 – $86.08) x £1 per cent stake
Your P&L = -$1.23 x £1 per cent
Your P&L = -£123 loss

FedEx Rolling Daily spread betting market correct as of 16-Dec-11.

 

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.

Spread Betting Guide to Speculating on Logica Shares 0

Posted on December 17, 2011 by James

Where to Spread Bet on Logica

 

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

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 Logica

 

If you are going to spread bet on UK shares like Logica then, on visiting a spread trading site like Capital Spreads on Friday, you may have seen a spread of 59.3p – 59.7p.

That means you could spread trade on Logica to increase higher than 59.7p or to decrease lower than 59.3p.

If you are spread betting, you bet on every unit the market moves up or down. In the case of the Logica market a unit is 1p of the share’s price movement.

Accordingly, you could decide to spread bet £20 for every penny Logica goes up or down.

 

Buying – Spread Betting on the Market to Go Up

 

If you were to buy Logica at 59.7p and the shares went up then the spread could move to 63.9p – 64.3p. If that were to happen, you might decide to close your spread trade at 63.9p.

Profit/Loss = (final value of the market – opening value of the market) x stake per penny
Profit/Loss = (63.9p – 59.7p) x £20 per penny stake
Profit/Loss = 4.2p x £20 per penny
Profit/Loss = £84.00 profit

However, if the market were to drop to 56.1p – 56.5p, you could choose to close your bet to limit your losses. Therefore, you would sell the market at 56.1p.

Therefore, with the same £20 per penny stake:

Profit/Loss = (final value of the market – opening value of the market) x stake per penny
Profit/Loss = (56.1p – 59.7p) x £20 per penny stake
Profit/Loss = -3.6p x £20 per penny
Profit/Loss = -£72.00 loss

 

Selling – Spread Betting on the Market to Go Down

 

A useful benefit of using a spread bet is that you can go short of the markets.

When we began this example, the market was 59.3p – 59.7p.

If you were to go short of Logica at 59.3p and the shares went down then the market might be re-priced at 54.3p – 54.7p. Assuming this was the case, you might decide to take your profits by closing your spread bet at 54.7p.

Profit/Loss = (opening value of the market – final value of the market) x stake per penny
Profit/Loss = (59.3p – 54.7p) x £20 per penny stake
Profit/Loss = 4.6p x £20 per penny
Profit/Loss = £92.00 profit

The markets can of course rise, if the market had moved up to 62.8p – 63.2p, you may want to close your bet to restrict your losses. If this were the case, you would buy at 63.2p.

You would close your bet with the same £20 per penny stake:

Profit/Loss = (opening value of the market – final value of the market) x stake per penny
Profit/Loss = (59.3p – 63.2p) x £20 per penny stake
Profit/Loss = -3.9p x £20 per penny
Profit/Loss = -£78.00 loss

Logica Rolling Daily market quoted as of 16-Dec-11.

 

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.

Spread Betting Markets Start Positively on Good US Unemployment Data 0

Posted on December 16, 2011 by James

This morning spread betting markets have started the day in positive fashion as traders focus more on the better than expected US economic data last night than the ongoing Eurozone troubles.

The S&P 500 is up 0.56% in early trading with ‘risk on’ currencies such as the AUD/USD and NZD/USD up 0.67% and 0.95% respectively.

Gold is up around 1.25% as the pressure on the forced sellers abates.

There little movement in euro though despite an increasing war of words between the UK and France. The GBP/USD, EUR/USD and EUR/GBP are all flat.


Trading Today

Today’s only major announcement is US CPI due at 13.30.


AUD/USD Fixed Odds Trading Idea

This morning the AUD/USD is lagging the NZD/USD by as much as 0.3% and gold by more than 0.5%.

With markets stabilising these couple of days, today could be a time for a rebound play.

If it comes, the AUD/USD could be a vehicle for this and a way to trade this could be a HIGHER trade predicting that the AUD/USD closes above 1.0050 in 3 day days time for a potential return of 229%.

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


The Markets Yesterday Afternoon

Financial spread betting markets had to navigate through a tough mine field of economic data yesterday, but haven’t made much positive progress as a consequence.

UK retail sales came in below estimates, but US unemployment claims and Philly Fed manufacturing both surprised to the upside.

The FTSE 100 closed up 0.63% with the S&P 500 futures currently up 0.52% only slightly ahead of where they were in the morning.

The euro had gone backwards though as did gold which retreated from the highs of the day to trade flat on the session.

Commodity currencies fared better though with the NZD/USD up 0.52% and the USD/CAD down 0.47%.

 
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.
 

Spread Trading: EUR/USD and Gold Rise After Falls as US Dollar Slows 0

Posted on December 15, 2011 by James

Index Spread Trading markets are fairly quiet this morning ahead of a deluge of data from European, the UK and the US today.

Last night stock markets closed near the lows, down around 1.00% on the day.

This morning we’re seeing a mild rebound with S&P 500 futures up 0.3% in early trading.

For the first time in a few days, the US dollar is taking a breather, allowing pairs such as the EUR/USD to rise 0.28% and gold to rally 0.48%.

In FX spread betting, ‘risk on’ commodities currencies such as the NZD/USD are still yet to make their move however so we can’t yet say that a bullish day is a full gone conclusion.


Trading Today

Coming up today we have the Swiss interest rate statement and press conference in a few minutes at 08.30.

At the same time we have German flash services & Manufacturing data followed by the same European wide data at 09.00.

UK Retail sales follow at 09.30 with consumer inflation expectations released at the same time.

European CPI follows at 10.00 with ECB President Draghi speaking at 11.25.

US PPI and unemployment claims are released at 13.30 with TIC long term purchases released at 14.00 followed by the Philly Fed Manufacturing index at 15.00.


Gold Fixed Odds Trading Idea

The week’s earlier up bet on gold has not been successful to put it mildly, but there is a case for stepping into this market once again.

The more gold is below the PSAR, the more extreme the red line. Currently the line is hitting extreme levels that have in the past led to at least a stabilisation of gold prices if not a quick rally.

A way to trade this might be a HIGHER trade predicting that gold closes above $1620 in 7 days time for a potential return of 228%.

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


The Markets Yesterday Afternoon

Markets started the day with a cautious feel and this gave way to outright fear as the day progressed.

Italy sold its full compliment of bonds, but had to pay a record high interest rate in order to do so.

Analysts recently proposed that the euro area won’t get its house in order unless there is another shock to the system.

The ‘risk off’ nature of yesterday’s trading was led by gold which was hit by a triple whammy of a rising US dollar, a short squeeze and managers dumping gold holdings in return for raising cash. The precious metal was down 2.82% on the day.

Stock markets fared little better with the FTSE 100 closing down 2.25% and the S&P 500 futures currently down 0.90%.

In line with stock markets, the AUD/USD was down 0.92%.

The euro was actually showing some relative strength, with the EUR/USD down 0.29%.

 
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.
 

Forex Trading: EUR/USD Heading Towards 2011 Lows After Peaking in March 0

Posted on December 14, 2011 by James

Spread betting markets are still cautious this morning as the assumptions made at the European economic summit are unpicked piece by piece with each passing.

Even accounting for the furore surrounding Britain’s veto, it seems that markets saw no progress in last week’s summit.

Now analysts are speculating that the ECB will reduce Eurozone interest rates further with other potential easing activities.

Looking at the longer term picture, we can see that the US dollar index is now headed back to its 2011 highs after slumping for the first quarter of the year.

By contrast, the EUR/USD is heading back to its 2011 lows after peaking in March.

The EUR/JPY is trading at its lowest weekly closing level for the year.

The pound continues to show relative strength with the EUR/GBP dropping 0.30% to break the 0.84000 level.

S&P 500 futures are pushing higher this morning, but at its current level of volatility, this 0.45% gain could be erased or doubled in the blink of an eye.


Trading Today

At 09.30 today we have UK Claimant count change data with the level expected to rise to 16.1k.

We have a lot of middle tier announcements to come including European industrial production, Canadian manufacturing sales and US import prices.


EUR/USD Fixed Odds Trading Idea

The EUR/USD has been beating up since October with the last two days pushing the pair closer to 1.3000.

While the long term picture remains unclear, we are approaching the point where the EUR/USD has rallied quickly in the past.

A Higher trade might suit here, but such is the level of uncertainty, it would be prudent to add some downside exposure as well.

A way to do this might be an IN/OUT trade predicting that the EUR/USD closes outside of either 1.2700 or 1.3150 in 2 days time for a potential return of 136%.

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


The Markets Yesterday Afternoon

It was a strange day across financial markets yesterday with stock markets rallying while forex markets (especially the euro) paint a darker picture.

On the good news front, German and European ZEW economic sentiment came in above estimates.

On the bad news front, US retail sales came in below estimates.

The FTSE 100 closed up over 1% with US S&P 500 futures up over 0.55%.

The political/euro crisis news flow wasn’t so good with ratings agencies telling European leaders that they still haven’t got their house in order, as well as more rumours of what Germany is/isn’t agreeing to with the bailout mechanism.

The EUR/USD dropped 0.82% with the EUR/GBP dropping 0.43%.

The US dollar was generally top dog forcing currency pairs like the AUD/USD off their lows of the day and

Elsewhere in commodities spread betting, Gold was 0.57% lower.

 
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.
 

FTSE Spread Betting: Markets Stabilise after FTSE 100 Drops 1.8% in Post Summit Sell Off 1

Posted on December 13, 2011 by James

This morning index spread betting markets have stabilised after yesterday’s post summit sell off with S&P 500 futures up 0.31% and ‘risk on’ currency pairs such as the AUD/USD up 0.40%.

The euro is still lagging, with the EUR/USD touching 1.3200 for the first time since October.

The EUR/GBP is steady after breaking through the 0.8500 level yesterday.

Gold is down 0.25%, extending the recent down slide, but off the lows of the day.


Trading Today

This morning at 09.30 we have UK inflation data with CPI expected to drop to 4.8% with RPI expected to drop to 5.1%.

At 10.00 we have German and European ZEW economic sentiment.

At 13.30 we have US retail sales followed by the FOMC statement at 19.15.


NZD/USD Fixed Odds Trading Idea

Right now markets have the capacity to rally 2% or plunge by the same margin in a single day. After yesterday’s drop, there is at least a fair chance of a risk on rally in the coming days.

A way to trade this might be a ONE TOUCH trade on the NZD/USD which predicts that the pair will touch 0.7750 in the next 1 day for a potential return of 127%.

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


The Markets Yesterday Afternoon

Yesterday afternoon, spread betting markets extended their downside lurch as a familiar pattern played out.

In past European summits (to end all summits), the typical cycle has been initial enthusiasms followed by a rapid reversal as analysts unpick the assumptions made at the conference.

Politicians are good at ideas, not at the details.

Stock markets led sentiment lower with the S&P 500 futures down over 2% and the FTSE 100 closing down 1.83%.

Gold felt the pressure as commodities and commodity currencies were ditched by nervous traders.

The precious metal was down 2.80%, with the AUD/USD down 1.42% and the NZD/USD down 1.64%.

The euro was not far off, dropping 1.38% on the day.

The pound showed some relative strength though the day with the EUR/GBP up 0.91%.

 
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.
 




  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.



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