This morning, financial markets are on the rebound with beaten up currencies leading the bounce.

The NZD/USD spread betting market has been hammered through November, but is the biggest gaining dollar pair, up 0.56%. The AUD/USD is not far behind, up 0.52%.

The USD/CAD is reversing after a strong move higher yesterday from the 1.0400 level.

The euro continues to edge the British pound with the EUR/GBP adding another 0.15% this morning. The EUR/USD is up 0.30%.

The USD/JPY experienced a mini spike in the small hours of the morning, but this appears to have subsided with the pair up 0.18% this morning.

Gold spreads are rallying in line with the general relief as the precious metal up 0.85%.

The S&P 500 futures are also signalling a firmer start for stock markets, with the benchmark futures up 0.35%.

Trading Today

Coming up today we have UK public sector net borrowing numbers with the forecast set at 4.1bn.

Following this we have Canadian retail sales and US GDP numbers.

Late in the evening we have some central bank speak with Fed member Kocherlakota speaking at 18.00 and the minutes from the last FOMC meeting released at 19.00.

NZD/USD Fixed Odds Trading Idea

Having dropped 7.7% in November and nearly 15% since July, the NZD/USD has been one of, if not the biggest faller during the renewed Euro crunch.

Last night the pair closed around the October low with this morning offering some hope of a bounce. Whether the bounce can be sustained remains to be seen, but if there is a rally from here, it could be rapid considering the losses incurred lately.

A way to play this might be a Higher trade predicting that the NZD/USD closes above 0.7600 in 3 days’ time could return 220% if successful.

Note that if you lose a financial fixed odds trade you will lose 100% of your stake.

The Markets Yesterday Afternoon

During the recent European debt conferences, one point of conflict amongst European officials was the idea that US politicians were giving them advice when they themselves couldn’t keep their house in order.

There may be a certain amount of satisfaction yesterday in the European corridors of power as Moody’s warned that any attempt by the US congress to kick the deficit cutting into the long grass could have serious consequences.

The result was a major ‘risk off’ day with the dollar and Japanese yen generally in demand. The biggest moves have come on the Australian and New Zealand dollar with the British pound not far behind. The AUD/JPY was the biggest mover, down 1.64%.

By contrast, the euro was relatively stable, with the EUR/USD flat and the EUR/GBP up 0.88%.

Gold further dented its safe haven status, dropping to $1675, down 2.81% on the day.

Stock markets were still leading the move though with the FTSE down 2.62% and the S&P 500 futures off by 2.33%.

 
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 financial spread betting markets and most forex pairs are mainly flat after last night’s late sell off.

Traders will be hoping for some relief today after Bank of England governor King warned that Britain is on the brink of a new credit crunch.

The EUR/USD is up 0.25% this morning, but is still well down on the week.

The pound’s safe haven claims took a dent last night after unemployment figures came in below estimates. The GBP/USD spreads are lagging other pairs as well this morning, up just 0.13%.

S&P 500 futures are painting a more optimistic picture though with the benchmark market up 0.67% in early trading.

Trading Today

Coming up today we have UK retail sales at 09.30 with a drop of 0.2% expected.

From 13.30 we have US building permits, unemployment claims and housing starts with a generally unchanged picture expected.

Philly Fed Manufacturing and mortgage delinquencies follow at 15.00.

Gold Fixed Odds Trading Idea

While the euro comes under renewed stress, gold has been remarkably quiet. This is probably due to the fact that the precious metal is being pulled in two directions; by speculators and by those looking for a safe haven.

This may not last forever though, especially in the current climate. It seems strange that as the Eurozone enters a more dangerous phase, gold’s 14 day and 1 day average true range has been dropping not rising.

A way to play this might be an In/Out trade predicting that gold closes outside of either $1800 or $1700 in 7 days’ time for a potential return of 141%.

Editor’s note: if you lose a fixed odds trade then 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 European debt markets continue to stress with attention moving closer to the European core.

The debt of countries such as the Netherlands, France and Finland has started to show signs of distress while Germany remains a relative safe harbour. The S&P 500 futures are down 0.70%, erasing most of yesterday’s gains.

The euro is weaker, with the EUR/USD down 0.55% and the EUR/JPY down 0.70%.

Higher interest rate currencies are leading the fallers with the AUD/USD and NZD/USD down 0.70 and 0.60% respectively.

The British pound is holding up relatively well with the GBP/USD down just 0.31% and the EUR/GBP down 0.15%.

Trading Today

Coming up today we have UK jobless claims data along with the latest unemployment rate data. Both are expected to show deterioration. The UK remains in focus with the Bank of England’s governor Mervyn King speaking and releasing the BOE inflation report.

At 10.00 we have European inflation data, with US inflation following at 13.30.

US TIC long term purchases follows at 14.00.

AUD/JPY Fixed Odds Trading Idea

The AUD/JPY has been on the back foot throughout all of November and is leading the fallers today. Unlike in other spread betting markets, an extreme move in either direction for the AUD/JPY can be a sign of further weakness/strength not a signal to reviews.

A way to play this might be a One Touch trade predicting that the AUD/JPY touches 76.00 in the next 3 days. This could return 117% if successful.

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

The Markets Yesterday Afternoon

Yesterday the Eurozone worries continued with the difference between French and German bond yields reaching record levels. Adding to the misery, German and European ZEW economic sentiment came in well below estimates, signalling recessionary conditions.

US economic data was mixed with retail sales coming in ahead of estimates and PPI coming in below expectations.

The EUR/USD fell further, down 0.65% on the day with the EUR/JPY down 0.72%.

The NZD/USD remained the day’s biggest faller dropping 1.33% as traders unwound speculative plays.

It’s wasn’t exactly panic stations out there though with the FTSE 100 closing flat on the day.

On currencies, the GBP/USD and AUD/USD were holding up relatively well, dropping ‘just’ 0.47% and 0.26% respectively.

 
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 most forex pairs are relatively quiet with a negative tone. The standout mover is the NZD/USD which has dropped 0.75% this morning in what so far seems an isolated move.

Yesterday Spanish bond yields hit a Euro era high, causing the EUR/USD to reverse all of Friday’s gains. This morning the euro is on the back foot but the falls are modest with the EUR/USD down 0.15% and the EUR/JPY down 0.26%.

The yen continues to edge the US dollar with the USD/JPY breaking the 77.00 level.

Gold is pulling back further from $1800, but is still up over $50 for November.

Trading Today

Coming up today we have UK inflation data with CPI and RPI due at 09.30 with both expected to ease slightly, but to still come in above 5%. The Bank of England inflation will no doubt follow soon after.

German ZEW economic sentiment follows at 10.00 with a significant drop below 51.8 expected.

From 13.30 we have a number of US data points including core retail sales and PPI, both of which are expected to drop.

NZD/USD Fixed Odds Trading Idea

The NZD/USD is leading the dollar pairs lower this morning, hitting a new one month low on the way. With its high interest rates, the New Zealand dollar is a favourite vehicle for the carry trade along with the Australian dollar.

This leveraged trading method can often come unstuck when online spread betting markets move quickly which means you might see the NZD/USD mover lower than the EUR/USD if the troubles return.

With the European situation still in the balance, a way to play this might be a One Touch trade predicting that the NZD/USD touches 0.7600 at some point in the next 6 days (Nov 21st) for a potential return of 115%.

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

The Markets Yesterday Afternoon

It seems the weekend news on Italy’s new PM was already priced in, in fact markets probably got ahead of themselves judging by yesterday’s activity.

As IFR’s Michael Cartine writes: “So the good news has already been more than factored in, and spread betting investors are left wondering — even with the best of intentions — how well the new technocrats will actually proceed in imposing further austerity measures in Italy and Greece respectively.”

Italian bond yields shunted higher, bringing Spanish bonds with them. The EUR/USD was down around 1% in line with other dollar pairs. The yen was still edging the US dollar, extending the downside moves on the yen pairs such as the EUR/JPY which was down 1.10%.

Stock markets fell in line with FX as the S&P 500 futures dropped around 1.00%.

 
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.
 

After the frantic trading of last week, things are little more pedestrian so far today in financial spread betting.

The Italian and Greek governmental changes have gone through as expected, but this appears to have been mostly priced in on Friday. Stock market futures rallied strongly into the close, but are unchanged so far this morning.

The early movers of note so far today include the Japanese yen which continues to strengthen after the Bank of Japan’s latest attempts to weaken the currency. The USD/JPY is down 0.23% in early trading.

The pound is lower this morning with this weakness best seen in the GBP/JPY which is down nearly 0.50%.

The gold spread betting market is slightly weaker having failed at another attempt at the $1800 level early this morning.

Trading Today

There are no top tier economic announcements today, with European industrial production at 10.00 the main highlight.

USD/CAD Fixed Odds Trading Idea

The Canadian dollar is showing some significant weakness so far, though the 1.0200 level on the USD/CAD is proving a difficult barrier for any significant upside momentum so far.

A way to play this might be a Lower trade predicting that the USD/CAD closes below 1.0125 in 3 days’ time for a potential return of 119%.

Editor’s note: if you lose a fixed odds trade then 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 online spread betting markets have started cautiously once again, but there is a growing sense that disaster may just be averted for now.

The Greek parliament have elected a new leader and Berlusconi is likely to give way to the market friendly Monti.

It’s a fragile status though with the S&P 500 futures flipping between +0.5% and flat within the space of 15 minutes this morning. The benchmark futures index is now trading up 0.75%.

The EUR/USD and EUR/GBP are up 0.3% with the EUR/JPY unchanged.

The AUD/USD was showing signs of weakness but has recovered in line with the general positive flow of the market to trade virtually unchanged on the day.

The yen is continuing to defy the Bank of Japan with the USD/JPY slipping further below the 78.00 level. Traders are betting that the BOJ will not be intervening again soon. So far it seems that the Japanese officials haven’t learned the lessons from their Swiss counterparts.

Gold is recovering and bouncing off the $1750 level to trade up over 0.52%.

Trading Today

Markets could be rather tricky today with lower volume in the afternoon due to public holidays in North America in observation of Veterans/remembrance day. Financial markets remain open, but volume may still be lower than usual.

UK PPI figures are released at 09.30 with no changed expected.

Preliminary UoM Consumer sentiment figures follow at 14.55 with a slight increase expected.

AUD/USD Fixed Odds Trading Idea

Today traders are no doubt going to be grateful to make it through to the weekend. Cautiously optimistic would probably describe the outline in the short term, while the medium to longer term still remain a big unknown.

The euro has certainly been beaten up of late, but it’s the AUD/USD that has received the most punishment, having fallen more than the EUR/USD down, down 2.3% since the October highs.

If the euro continues to stabilise, it could be the AUD/USD that recovers faster which presents a potential trading opportunity.

A Higher trade predicting that the AUD/USD closes above 1.0200 at the close on Monday (3 days) could return 152% if successful.

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

The Markets Yesterday Afternoon

The euro stepped back from the brink yesterday afternoon, but there was no real concrete news to explain the move, other than traders taking advantage of oversold conditions.

Although the EUR/USD was up 0.43% and S&P 500 futures up 0.90%, there was not a widespread bullish vibe out there.

The AUD/USD and GBP/USD were barely breakeven while the NZD/USD was down 0.6%.

 
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, fears continue to surround Italy to such an extent that it has been reported that Germany and France are finally ready to consider a smaller Eurozone.

Online spread betting markets are on the back foot, but are off the morning lows with the EUR/USD unchanged on the day right now.

The main fallers are the ‘risk on’ currencies of the Australian and New Zealand dollars with the AUD/JPY down 0.72%, the AUD/USD down 0.45% and the NZD/USD down 0.67%. This morning Chinese trade balance figures came in well below estimates.

Gold is also on the back foot, with the precious metal continuing to peel back from the $1800 level.

Trading Today

This morning we are working through a raft of European data points culminating in the ECB monthly bulletin at 09.00. At 12.00 we have the latest rate and asset purchase statement from the Bank of England’s MPC. No change is expected.

13.30 sees the release of three important economic announcements with the Canadian trade balance, US trade balance and US unemployment claims.

EUR/USD Fixed Odds Trading Idea

Will the euro survive? Who knows, but one puzzling thing is the fact that the EUR/USD is above the October lows despite the situation now being arguably worse than then.

There is at least the potential for more downside and a way to play this might be a One Touch trade predicting that the EUR/USD touches 1.3200 at some point in the next 5 days (Nov 15th) for a potential return of 221%.

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

The Markets Yesterday Afternoon

Yesterday afternoon, Italian bond yields surged through unsustainable levels while the Greek parliament dallied on the creation of a new government. It’s a mess out there and the big fear is that the ECB lacks the firepower or mandate to save the euro or indeed the Eurozone.

The EUR/USD finally broke out of its tight range and was down over 2% with the EUR/GBP down 1.00% as the pound stood relatively firm.

As a favoured ‘risk’ asset, the AUD/USD dropped further than the euro and was down 2.12%.

Stock markets saw their biggest falls since September with the Dow Jones down 3.22% and the S&P 500 down 3.42%.

 
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.
 

The morning moves so far mirror what we saw yesterday with the Australian dollar leading the fallers.

It’s almost a carbon copy of yesterday’s start although that ended with most spread betting markets in the black as news of Berlusconi’s imminent resignation spread.

So far this morning, Chinese inflation has come in slightly above estimates while PPI came in below expectations. On top of these, Chinese retail sales and Japanese sentiment numbers were lighter than expected.

This mostly explains the morning’s weakness, especially in the Australian dollar with the AUD/USD down 0.65% and the AUD/JPY down 0.75%. The weakness is also impacting the NZD/USD which is down 0.56%.

The euro is also on the back foot, with the EUR/USD down 0.35%, the EUR/GBP down 0.45% and the EUR/JPY down 0.52%.

The yen is showing signs of renewed strength as the USD/JPY drops through the 78.00. No sign of the Bank of Japan so far.

Trading Today

We only have middle tier announcements to come today with UK trade balance at 09.30 and Fed Chairman Bernanke speaking at 14.30 the main highlights.

USD/JPY Fixed Odds Trading Idea

The USD/JPY has started to drift lower, undoing some of the sharp spike higher following the Bank of Japan’s intervention. Will they step in again? It’s likely, but they delayed doing so for a long time after the last intervention in August. Still, it can’t be discounted.

A way to play this might be a One Touch trade predicting that the USD/JPY touches 79.00 in the next 14 days’. This could return 126% if successful.

Editor’s note: if you lose a fixed odds trade then 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 the Australian dollar is the day’s biggest faller, with the AUD/USD and AUD/JPY dropping 0.65%. Worse than expected trade balance figures are the main catalyst for the move.

The Canadian dollar is pushing slightly higher in sympathy, with the USD/CAD up 0.28%.

The EUR/USD is down slightly this morning, though it is worth noting the range bound trading seen in the last few days.

Gold is pulling back after hitting a high of $1798.42 last night, down 0.38% this morning.

Trading Today

This morning we have European financial ministers meeting at the ECOFIN conference.

The main morning announcement is UK manufacturing due at 09.30 with an improved reading of 0.2% on the cards.

Next up we have Canadian housing starts due at 13.15 with Swiss National Bank chair Hildebrand speaking at 13.30

Through the afternoon we have a number of middle tier US points of note including the GDP estimate at 15.00 and Fed members speaking from 18.00.

EUR/USD Fixed Odds Trading Idea

The EUR/USD spread betting market rallied strongly in the immediate aftermath of the big European summit, then subsequently sunk lower as traders found the conclusions lacking in significant detail. A few days and things have got better not worse, yet the EUR/USD remains tightly range bound with the 5 day Average True Range dropping sharply.

The current malaise is unlikely to last forever, so a way to play this might be an In/Out trade predicting that the EUR/USD closes outside of either 1.3500 or 1.4000 in 3 days’ time (Nov 11th) for a potential return of 185%.

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

The Markets Yesterday Afternoon

Yesterday afternoon markets were at the mercy of incoming headlines from Europe and were trading where they were at the start of the morning session. The good news was that Greece looked to be forming a new government but Italy continues to worry as Berlusconi denied he was on his way out.

Gold was about the only spread betting market, aside from the USD/CHF, showing any traction hitting a high of $1785, up 1.75%.

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 financial spread betting markets have started the new week with a negative tone as the weekend headlines from Europe are analysed. Confusion and uncertainty over Greece are the main drivers so far this morning.

Aside from the Swiss Franc, the morning’s biggest mover is gold which is trading up 0.89% so far. This is more in keeping with gold’s traditional role as safe haven asset while S&P 500 futures drop around 1.00% in early trading.

The US dollar is dominating with the AUD/USD down around 0.62% and the EUR/USD down 0.5%.

The USD/JPY is still just about holding the 78.00 level, though the general feeling is that the Bank of Japan’s intervention is losing momentum.

Trading Today

This morning we have a number of middle tier economic announcements across Europe including European retail sales and German industrial production.

Just in – UK Halifax House Price Index came in higher than expected.

USD/CAD Fixed Odds Trading Idea

This morning the USD/CAD is bucking the trend for US dollar strength as the pair is only slightly changed on the day so far. The 1.0200 level appears to be acting as an overhead resistance level which could provide a platform for a trading idea.

A way to play this might be a lower trade predicting that the USD/CAD closes below 1.0150 in 3 days’ time for a potential return of 134%

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

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.