Articles from June 2009

Crude Oil Hit New 8 Month High

The FTSE is currently indicating a flat open, traders are going to wait to see the final reading of the UK GDP numbers before deciding where to take the market. Analysts are expecting a -2.1% quarter-on-quarter reading, which would signify that the recession is getting worse. The FTSE opening number greatly depends on this morning’s [...]

Euro/US Dollar Rejects Resistance Level

The FTSE is currently indicating a flat open, just before the release of the UK Net Consumer Credit numbers. Traders are hoping that the data will help the FTSE rebound from last weeks 2.4% drop, which pushed the index back into negative territory for the year. Crude Oil is down on speculation that demand for [...]

Gold Betting and Indices Update

We’re looking at a very strong opening from the FTSE, CAC 40 and Dax 30 this morning as a rollover from yesterday evenings sustained rally on US markets. Last night’s buying surge appears to have been a delayed reaction to Ben Bernanke’s testimony. The S&P 500 and the Nasdaq both managed to close strongly and [...]

GBP/JPY Fixed Odds and Market Update

The FTSE is currently indicating a weak open, as traders are trying to position themselves before the US GDP numbers are released later in the day. While this is not UK data, the US GDP data can have a strong effect on equities around the world. While analysts are expecting a -5.7% reading, some investors [...]

Fixed Odds Trading Updates: FTSE, Nikkei and EUR/USD

The FTSE is currently indicating a higher open, as traders are looking to come back into the market after the recent sell off. With Nikkei closing in the positive territory, investors are looking for value buys after comments by the World Bank spooked investors into a general sell off. With no economic news this morning, [...]

GBP/JPY Fixed Odds Trading

The FTSE is currently indicating a weak open, as investors are worried that the sell off that started yesterday is set to continue. With Nikkei and the Australian ASX200 closing down more then 3% there are concerns that the bad news is not over. Crude oil is trading around the 66 dollars per barrel level [...]

Crude Oil Futures Drop

The FTSE is currently indicating a flat open, as traders are trying to decipher the latest UK RIGHTMOVE house prices. With analysts expecting an improvement over last months 2.4% reading, the numbers showed an overall decline of 0.4% months over month. Crude oil is trading below the 70 dollars per barrel level on concern that [...]

Triple Witching Day and Volatility

And once again the FTSE is indicating a flat open, as traders are squaring their option positions before this mornings expiry. Today is one of those rare days where all the options (stock index futures, stock index options, stock options) expire on the same day. Yes, it’s Triple Witching Day. While no one is sure [...]

Crude Oil Price Stabilises on Low US Inventories

Crude oil rose is trading around the $71 per barrel level after militants claimed they destroyed a Royal Dutch Shell Plc pipeline in Nigeria, Africa’s largest oil producer. US oil stockpiles also declined. Crude oil prices are likely to continue to trade in a $5 range for the rest of the week. As usual, the [...]

Crude Oil Trading Remains Range Bound

The FTSE is currently indicating a lower open, as traders wait for the release of the unemployment numbers for UK. Analysts are worried that while other economic factors have been indicating hints of a recovery, job losses have continued to increase. The FTSE opening price will greatly depend on the employment data. Crude oil continues [...]