Articles from May 2009

FTSE, Crude Oil and GBP-USD Trading Update

The FTSE is currently indicating a flat open, as traders are waiting for the release of the UK Nationwide House Price data. Some analysts are expecting ‘worse then expected results’, which will likely have a negative effect on the FTSE at the open. Later today US will release its GDP numbers; a bad number might [...]

FTSE 100 and Crude Oil Markets Down in Early Trade

The FTSE currently indicates a very weak open, as the world prepares for the bankruptcy filing of GM. With no economic data out of UK this morning traders will be paying close attention to the unemployment figures from Germany. The FTSE is likely to spend all day in the red. Crude Oil is down in [...]

GBP USD Financial Fixed Odds Trade

The FTSE currently indicates a flat open, as traders wonder if the recent jump in US consumer confidence is an indication that their economy is starting to turn around. While yesterdays better then expected numbers set off a buying frenzy, analysts worry that, ignoring hard economic numbers, which are pointing in the negative direction, could [...]

Asian Share Sell-Off Weakens FTSE 100

The FTSE currently indicates a weak open, as the sell off that started in Asia continues. With almost no economic news coming out of UK, traders are looking at other countries for guidance. This morning the data which will likely set the tone for the day will be the GDP numbers for Germany (Europe’s largest [...]

The Markets and a GBP-USD Fixed Odds Trade

The FTSE currently indicates a stronger open, as traders preparing for the release of UKs GDP numbers. Traders are hoping that the numbers will show signs that the recession is slowing down, and a recovery is around the corner. The FTSE opening price will greatly depend on the GDP number. Oil prices were unfazed by [...]

Gold Breaks Out of Trading Range

The FTSE is currently indicating a significantly weaker open, down around 1%. US markets sold off in evening trading after the minutes from the last Fed meeting projected a fourth quarter that would be weaker than previous estimates. Despite the downgrade in expectations for world’s biggest economy, crude oil is still trading above the $61 [...]

Lower Oil Inventories and Refinery Fire Push Up Crude Oil Market

The FTSE currently indicates a slightly weaker open, as traders are waiting for the release of the minutes from the last Bank of England meeting. Analysts are hoping that the minutes will indicate what the government is doing to ease the credit freeze. The FTSE is likely to start the day in the red. Oil [...]

Earnings Could Push Oil Prices to $65

The FTSE currently indicates a flat open, as traders are waiting for the release of the UK CPI numbers. Analysts are worried that with interest rates at their all time lows, inflation could hurt consumer buying power. The FTSE is likely to open today in positive territory. Crude oil is currently trading near $59 a [...]

FTSE 100 Spreads Markets Looking Weaker

The FTSE currently indicates a weak open, as traders are concerned that the earnings announcements that are due this week will match expectations. This concern has plagued equity markets in Asia as well, where the Nikkei is down almost 3%. With no significant UK economic news, the FTSE will start the week on a down [...]

The Markets and an EUR-USD Fixed Odds Trade

The FTSE currently indicates a flat open, as traders do not have any UK economic data to guide them this morning. Traders will be paying attention to the EU Zone GDP numbers, which are due out later this morning. Analysts are hoping that the EU GDP numbers will hint at an economic recovery. The FTSE [...]