Spread Betting

Archive for the ‘Spread Betting’


Online Spread Trading Guide to Speculating on Homeserve Shares 0

Posted on February 11, 2012 by James

Where to Spread Bet on Homeserve

 

You can trade on spread betting markets such as Homeserve 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 Homeserve

 

If you are going to spread trade on UK shares such as Homeserve then, on visiting a spread betting website like Financial Spreads on Friday, you may have seen a spread of 252.3p – 253.4p.

That means you could spread trade on Homeserve to increase higher than 253.4p or to decrease lower than 252.3p.

With spread betting, investors trade on every unit the market increases or decreases. In the case of the Homeserve market a unit is 1p of the share’s price movement.

As an example, you could choose to trade £15 for every penny Homeserve rises or falls.

 

Buying – Spread Betting on the Market to Move Up

 

If you were to buy Homeserve at 253.4p and the shares rose then the spread could become 259.7p – 260.8p. If that happened, you might decide to close your spread trade at 259.7p.

Your Profits (or Losses) = (final level of the market – initial level of the market) x stake per penny
Your Profits (or Losses) = (259.7p – 253.4p) x £15 per penny stake
Your Profits (or Losses) = 6.3p x £15 per penny
Your Profits (or Losses) = £94.50 profit

The markets can of course fall, if the market decreased to, as an example, 246.2p – 247.3p, you might decide to close your spread bet to restrict your losses. Therefore, you would sell at 246.2p.

You would close your bet with the same £15 per penny stake:

Your Profits (or Losses) = (final level of the market – initial level of the market) x stake per penny
Your Profits (or Losses) = (246.2p – 253.4p) x £15 per penny stake
Your Profits (or Losses) = -7.2p x £15 per penny
Your Profits (or Losses) = -£108.00 loss

 

Selling – Spread Betting on the Market to Move Down

 

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

At the beginning of this example, the market was priced at 252.3p – 253.4p.

If you were to sell Homeserve at 252.3p and the shares went down then the spread could change to 243.6p – 244.7p. In that case, you might decide to take your profits by closing your trade at 244.7p.

Your Profits (or Losses) = (initial level of the market – final level of the market) x stake per penny
Your Profits (or Losses) = (252.3p – 244.7p) x £15 per penny stake
Your Profits (or Losses) = 7.6p x £15 per penny
Your Profits (or Losses) = £114.00 profit

The markets can of course rise, if the market increased to, for example, 259.8p – 260.9p, you might decide to close your trade to restrict your losses. If that were to happen, you would buy back at 260.9p.

You would do this with the same £15 per penny stake:

Your Profits (or Losses) = (initial level of the market – final level of the market) x stake per penny
Your Profits (or Losses) = (252.3p – 260.9p) x £15 per penny stake
Your Profits (or Losses) = -8.6p x £15 per penny
Your Profits (or Losses) = -£129.00 loss

Homeserve Rolling Daily prices quoted as of 10-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.

RBA Inflation Warning Causes AUD/USD Spread Trading Market to Fall 0

Posted on February 10, 2012 by James

This morning the Australian dollar is dropping sharply, with a general ‘risk off’ feel to the morning session.

The Aussie is being hit by the release of the RBA rate statement which warned of lower inflation and by implication, further rate cuts.

The other main catalyst this morning is the uncertainty surrounding the Greek debt deal.

While Greek authorities were quick to trumpet the deal as being done, European authorities still appear unimpressed. Officials still appear confident that a deal will be done, but spread trading markets are evidently not so sure.

The AUD/USD and AUD/JPY are leading the fallers, down 0.89% and 0.95% respectively.

The NZD/USD is not far behind, down 0.60%.

By contrast the euro itself is down only slightly on the day.

Gold is under pressure, dropping 0.52% as the pressure metal failed its latest attempt to push through the $1750 level.


Trading Today

Coming up today we have UK PPI input at 09.30 with a small gain expected.

US and Canadian trade balance figures follow at 13.30.

The Prelim University of Michigan Consumer sentiment survey follows at 14.55.

Fed chairman Bernanke speaks at 17.30.


AUD/USD Trading Idea

It is hard to know whether the latest Greek impasse will pass quickly or not. Greece doesn’t have many hands to play other than the nuclear option of leaving the euro.

While this might ultimately be the best solution, it seems the Greek deal is more likely to pass than not.

While this latest problem may not be directly behind the morning’s Aussie dollar decline, the AUD/USD likely to feel the indirect benefits of any improved trading sentiment.

The AUD/USD is unlikely to stay where it is for the rest of the day, but the balance of power might be slightly skewed to more upside.

A way to trade this might be a HIGHER trade predicting that the AUD/USD closes above 1.0750 in 3 days time (Monday) for a potential return of 200%.

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


The Markets Yesterday Afternoon

There were a lot of economic news items to wade through yesterday, not to mention the latest news from Greece.

On the latter, it appeared a deal had finally been reached, but after building up a head of steam already, the euro did not advance by much yesterday afternoon.

Dollar pairs were generally quiet, possibly as a function of better than expected US unemployment claims cancelling out any moves in the other direction.

The biggest action came from the yen pairs with the USD/JPY extending its rally to trade up 0.56% on the day.

This was good news for the EUR/JPY which was up 0.84% and the AUD/JPY which extended its recent rally, up 0.64% on the day.

The gold spread betting market also benefited from an indifferent dollar session, rallying 0.85% 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.
 

USD/JPY Continues Bearish Trend as Yen Slips for Fifth Straight Day 0

Posted on February 09, 2012 by James

This morning’s main mover is the Japanese yen which is falling back for the fifth day in a row.

The USD/JPY is up 0.26% with other yen pairs such as the EUR/JPY and AUD/JPY up by 0.45%.

The euro continues to hint at expectations for a positive outcome for the Greek debt negotiations, though today’s gains are small and could be reversed with one headline.

Looking at other dollar pairs, the NZD/USD is up 0.18% this morning, but has remained remarkably range bound for much of February.


Trading Today

The UK comes under focus today with a string of economic data points.

This starts with manufacturing production and trade balance at 09.30. Improved readings are expected for both.

At 12.00 we have the latest interest statement with no change expected. The big speculation surrounds the increase in quantitative easing which many are now expecting.

The ECB rate statement follows with no change again expected at 12.45, though the press conference could once gain make for interesting listening.

At 15.00, we have the latest UK GDP estimates.


NZD/USD Trading Idea

The NZD/USD FX spread betting market has halted its strong run up seen in January, trading in a tight range since the 1st of Feb. This is relatively unusual for a strong trend following pair, which presents an opportunity.

An IN/OUT trade predicting that the NZD/USD will close outside of either 0.8275 or 0.8425 in 1 days time could return 155% if successful.

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


The Markets Yesterday Afternoon

Yesterday afternoon, risk appetite waned on uncertainty surrounding the ECB’s exact contribution/liabilities with regard to the Greek bailout.

The euro was relatively unchanged on the day, but there was certainly more of a ‘risk off’ mentality throughout the day with the NZD/USD reversing early gains to trade down 0.24% on the day.

The British pound was the biggest mover on talk that the Bank of England’s latest minutes will show that the printing presses are about to be opened again.

The GBP/USD was down 0.45% with the EUR/GBP down 0.53%.

Elsewhere in gold spread betting, gold was off by 0.60% as the dollar gains the upper hand.

 
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.
 

FX Trading: Weak Japanese Economic Sentiment Sees USD/JPY Rally 0

Posted on February 08, 2012 by James

This morning the higher yielding currencies of the Australian and New Zealand dollar are leading FX trading markets higher.

Confidence appears to be returning slowly with US stock markets last night closing at six month highs.

The AUD/USD is up 0.27% with the NZD/USD up 0.31%.

The yen pairs are seeing the biggest movement though with the yen backing off again this morning following worse than expected Japanese economic sentiment.

The USD/JPY is up above 77.00 once again, with the AUD/JPY rallying 0.70%.

The euro is lagging slightly, but the EUR/JPY is still up 0.56% on the day.

Gold is also continuing to rebound after Friday’s slump, trading just shy of the $1750 level.


Trading Today

Coming up today we have Canadian housing starts at 13.15.

US crude inventories follow at 15.30 with FOMC member Williams speaking at 15.40.


EUR/USD Trading Idea

The EUR/USD rallied sharply yesterday on expectations to the latest Greek debt negotiations.

However, the euro crisis has shown time and again that nothing is as straight forward as it seems with one hurdle cleared only for the next problem to appear on the horizon.

The EUR/USD has also been a good counter trend currency over the last 12 months, so there could be some potential for downside here. A LOWER trade predicting that the EUR/USD closes below 1.3200 in 1 days time could return 144%.

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


The Markets Yesterday Afternoon

The euro rallied heavily yesterday afternoon on growing expectations that a deal would be done on the latest Greek bailout.

Many reliable sources suggested that major negotiating points such as reducing the minimum wage have been agreed upon.

While this is welcome, there is no doubt this is not the end of Greece’s problems.

It is best seen as having cleared the latest hurdle, with more hurdles to come.

The EUR/USD was up 1.01% with the EUR/JPY up 1.44% and the EUR/GBP up 0.55%.

The yen backed off further, with the USD/JPY up 0.43%. This helped the AUD/JPY to push higher, with the pair up 1.20% on the day.

Gold spread betting markets reversed their early weakness on the back of the Greek optimism and traded up 1.56% 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.
 

Forex Spread Betting: AUD/JPY Rallies on RBA Interest Rates Decision 0

Posted on February 07, 2012 by James

This morning the Australian dollar is rallying after a surprise move by the Reserve Bank of Australia (RBA) to keep interest rates on hold.

Most analysts had expected the central bank to cut to 4.00%, but instead, they have opted to keep rates steady at 4.25%. The decision has pushed the AUD/JPY up by 0.89%, with the AUD/USD up by 0.73%.

The NZD/USD is riding on the Aussie’s coat tails, up 0.30% this morning.

The yen is slipping back, helping to push yen pairs higher generally with the USD/JPY up 0.15%.

The euro is fairly steady despite the Greek deadlock with the EUR/USD recovering well off the lows yesterday.

In gold spread betting, the metal is capitalising on the dollar’s relative weakness to rally 0.32% this morning.


Trading Today

Today we have German industrial production figures at 11.00 with a small drop expected.

Canadian building permits follow at 13.30 with a small gain on the cards.

Fed Chairman Ben Bernanke has his regular testimony before congress at 15.00.


GBP/JPY Trading Idea

Today’s rate hike from the RBA puts the AUD/JPY within sight of the tricky 83.00 level. If it can break this, there is clear daylight overhead.

The 2 period RSI is currently above 80 which has been a good buy signal for the AUD/JPY in particular since 2011 unlike other currencies where the opposite is true.

A way to trade this situation might be a HIGHER trade predicting that the AUD/JPY closes higher than 83.50 in 5 days time for a potential return of 232% if successful.

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


The Markets Yesterday Afternoon

The war of words over Greece appears to have had some impact with forex spread betting markets seemingly giving the euro the benefit of the doubt.

The single currency was still down around 0.15% against the US dollar on the day, but this was well off the day’s lows which saw it down around 0.80% at one stage.

The dollar generally gave back the morning’s gains with the NZD/USD down just 0.25%.

The pound continued to show relative strength thanks to the morning’s better than expected housing data. The GBP/USD was actually up for the day slightly with the GBP/JPY showing a similar pattern.

 
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.
 

EUR/USD Spread Betting Market Trades Lower Amid Greek Debt Deadlock 0

Posted on February 06, 2012 by James

It certainly feels like Groundhog Day with the Greek debt talks reaching a deadlock once again over the weekend.

Once again we are re-assured that things will be sorted in the next few days and once again spread betting markets appear to be giving the negotiations the benefit of some doubt.

The euro is trading lower this morning, but there is not an all out collapse that one might expect if Greek negotiations were really to fail.

This either implies that FX spread betting markets expect a deal to be done at some point, or that a Greek debt default is already priced in.

The latter scenario is especially dangerous, because as the Lehman Brothers bankruptcy showed financial markets are not as efficient as some would lead us to believe.

The EUR/USD is down 0.64% with the EUR/JPY down 0.55% and the EUR/GBP down 0.38%.

The US dollar is having a good day across the board with commodity currencies dropping off following disappointing UK retail sales. The AUD/USD is down 0.51% with the NZD/USD down 0.65%.

The pound is showing signs of relative strength though after Halifax House Price figures came in ahead of estimates. The GBP/USD is down just 0.25%.


Trading Today

Coming up today we have European Sentix Investor confidence at 09.30 followed by German factory orders at 11.00.

Canadian Ivey PMI follows at 15.00 with a drop expected.


EUR/USD Trading Idea

The Greek debt talks once again in deadlock, the EUR/USD once again has become stuck in a range between 1.3200 and above 1.3000.

With the month’s big US jobs announcement out of the way, there could be a chance of the pair breaking this range in the next few days.

A way to trade this might be an IN/OUT trade predicting that the EUR/USD closes outside of either 1.3250 or 1.2850 in 2 days time for a potential return of 264%.

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.
 

Spread Trading Guide to Speculating on Ocado Shares 0

Posted on February 05, 2012 by James

Where to Spread Bet on Ocado

 

You can trade on spread betting markets such as Ocado 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 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.

Financial Spread Betting Guide to Trading Ophir Energy Shares 0

Posted on February 04, 2012 by James

Where to Spread Bet on Ophir Energy

 

You can trade on spread betting markets such as Ophir Energy 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 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.

Spread Betting Markets in Negative Bias Ahead of US Jobs Data 0

Posted on February 03, 2012 by James

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.
 

USD/JPY Spreads Test BoJ’s Patience and Approach All Time Lows 0

Posted on February 02, 2012 by James

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.
 




  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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