Safe haven demand continues to drive gold higher in commodities tradingGold prices are gaining again in futures trading as safe haven demand returns. As the stock market continues to falter, and concern over the global economy mounts, there is a great deal of concern about stability. Bloomberg reports on the factors driving gold prices in commodities trading:
“Gold is being driven by concern about the financial system and lack of confidence…
Spread bets and CFDs on the British stock marketSpread betting and contracts for differences on the FTSE 100 should consider that the index is down for the fourth week. Most of the issues afflicting the British stock market are to do with the horrid economic data that has been coming out.
The banking industry has been especially hard hit, and sliding oil prices are causing issues in the energy sector. Earnings…
Since posting the article on my blog about the bottom of the stock market a couple of days ago I have received numerous emails on the subject so I thought I would expand on it a bit and give some further thoughts.
The one big question I have and would like to put out to everybody for them to think about is why is it so important to buy the bottom…
Since posting the article on my blog about the bottom of the stock market a couple of days ago I have received numerous emails on the subject so I thought I would expand on it a bit and give some further thoughts.
The one big question I have and would like to put out to everybody for them to think about is why is it so important to buy the bottom…
Spread betting and contracts for differences on US stocksSpread bets and CFDs on the US stock market should consider that things aren’t looking quite as nice as they did yesterday. Yesterday, US stocks rallied. Today, the US stock market opened lower.
However, the news isn’t all bad right now. There is an attempt to trim some of the losses being made. The latest unemployment data, showing a drop in weekly claims,…
ECB may try to find a way to provide economic stimulus with quantitative easingEarlier today, the ECB announced that it would be cutting interest rates. And, following that announcement, ECB president Jean-Claude Trichet opened the door to quantitative easing. Boris Schlossberg, from GFT, looks at the response and the challenge associated with QE in FX360:
When confronted directly with the question of quantitative easing Mr. Trichet noted that the council was…
Weekly unemployment claims dropContracts for differences that rely on US economic data for direction should consider that the new jobs data is slightly more encouraging than it has been in a while. Even though February job loss data showed an increase, the week data from last week is more encouraging.
Weekly unemployment claims have dropped in the US, and this is being taken as a somewhat encouraging sign. The real test,…
Spread bets and CFDs on interest ratesBoth the Bank of England and the European Central Bank cut interest rates today. This was an expected move, since both economies have been struggling recently and have been in need of stimulus.
Both central banks cut their rates by 50 basis points, putting the BOE rate at 0.5% and the ECB rate at 1.5%. This keeps the eurozone ahead of the pack, however, in…
The question that we at LS trader are asked most currently is where we think the stock markets are headed and where we think the bottom of the market is. This is a very common question these days and it seems to be on everybody’s lips these days.
My personal view is that nobody knows and regardless of what fundamental analysis or technical analysis you use, the bottom line is nobody…
Spread betting and contracts for differences on US TreasuriesSpread bets and CFDs on the US bond market should consider that Treasuries are in decline today. While the stock market rally does have something to do with a decreasing interest in bonds, there are other factors that are likely having an impact on US Treasuries today:
Concerns about the large amounts of supply in the market — due in large part to…