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Sterling outperformed the NZ dollar over the seven days but only by examining the difference closely was it possible to notice. The two currencies led the rest of the field, with the Aussie in third place and the US dollar not too far behind it. It was not an exciting week last week. With the...
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Financial Spreads, has launched a new limited risk spread trading account. The new account is designed to help investors by placing a Guaranteed Stop Order on every new position. A Guaranteed Stop Order puts an absolute limit on how much an investor can lose on a trade without putting a limit on the potential profit. According...
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Today’s budget re-affirmed the balance the coalition government is attempting to strike between growth and austerity, whilst not delivering anything dramatic, largely in part to the widespread leak of many of the new measures announced. No significant surprises This budget felt much like reading a novel and then seeing the movie; there was no shock,...
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Investors turned to profit taking and diversifying their risk after European Indices such as the DAX hit a 7 month high at the end of last week and the FTSE failed to rally above the 6000 level. The risk-off mode of index spread trading investors has forced Indices lower by a heavy 1% on...
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With the economic docket on the light side today and with declining trade volumes, European markets have edged back having hit 8 month highs last week. Tullow Oil has retreated almost 1% on the back of a downgrade by HSBC. While on the flip side, mining giant Antofagasta is in the green as Nomura...
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Both the fundamental and technical dynamics for bond yields remain favourable into the end of Q2. Here is a perspective on the interrelationship involving bond yields, inflation rates, and consumer confidence, with the major conclusions below: Since 2007, consumer sentiment topped out before the peak in gasoline and crude prices. The breakeven inflation index (difference...
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Renewed confidence in the American banking sector, along with further positive job figures, putting US unemployment at the lowest level in 4 years has helped to keep the momentum in what has been quite a bullish run. The Fed’s comments on Tuesday, acknowledging the pick up in recent economic data and keeping its word...
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A strong US finish yesterday supported Asian equity indices overnight as markets took encouragement from the Fed’s outlook improvement, with Bernanke speaking positively after the rate announcement. The MSCI Asia closed +0.41% where the yen fell to an 11 month low, helping to inflate the Nikkei. Stocks listed in China, however, slumped into the...
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Following an indifferent Asia trading session overnight where Japan kept interest rates at 0.1%, the market now awaits key data from the Europe and the US to drive sentiment for the rest of the week. The Greek debt swap deal has certainly added to this lack of direction providing little motivation to the markets...
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European spread trading markets are fairly lacklustre this morning following the news that China’s trade figures ran a shortfall of $31.5bn in February. Given the negative effect this news has on metal prices, with the gold spread trading market pulling back towards the $1700/oz mark and copper also declining, it’s not surprising that the...
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