Day Trading

Spread trading markets are slightly higher this afternoon after positive manufacturing data from Wednesday keeps sentiment high, along with good unemployment data in the states ahead of Non-Farms tomorrow afternoon. China announced today that it is seriously looking at deeper involvement within the Eurozone by contributing to the EFSF via the IMF. Good news for Europe...
Read more »

Investors continue to push concerns about Europe and Greece to one side and focus on the fact that despite economic concerns, markets remain keen to focus on the positives. January manufacturing PMI data from China, Europe and the UK showed some signs of recovery and this has helped bolster these positives. As is normal...
Read more »

Having advanced steadily against sterling for a month, the New Zealand dollar came to a halt in mid-January and has done very little during the last fortnight. Each of the last two weeks has cost the pound roughly a cent against the Kiwi, but its opening level in London this Monday was essentially unchanged...
Read more »

If today’s moves in European markets signal anything, they signal a lack of confidence in European leaders to deliver on what investors had hoped last week would be some form of progress with respect to a Greek debt deal, over the weekend. Having seen markets hold on to the gains from the previous two weeks...
Read more »

The FED’s announcement last night gave financial spread trading investors renewed belief that the FED is willing to step in where necessary to help prop up the US economy. US markets are up strongly pre-market in European trading as they carry on the momentum from the gains experienced near the close last night. Durable...
Read more »

European stocks saw a mixed opening in trading today with the FTSE gaining 0.2% to hit a new five and a half month high, whilst the DAX lost 0.6% and the CAC was flat, as traders paused for breath and watched ongoing developments in the sovereign debt crisis. With talks between private bond holders and...
Read more »

The three Commonwealth commodity dollars led the field, striding ahead during the first four days of the week before handing back some of their gains on Friday. There was nothing particularly distinctive about any of the trio: it was just that spread trading investors were stampeding towards the currencies and other investments that would,...
Read more »

Basic resource stocks have led UK markets higher today after Chinese economic data came in above expectations, with Chinese retail sales jumping 18.2% and Q4 GDP beating expectations at 8.9%. This data has reassured spread trading markets that even though growth is slowing, it is not at a rate to warrant concern. Furthermore, it has...
Read more »

Behind the US dollar and the Japanese yen the NZ dollar was the week’s third-best performer in the forex spread trading market. There was no clear reason for the relative popularity of the Kiwi and its one-cent advance against sterling was less than earth-shattering. Nevertheless, it was the NZ dollar’s second consecutive week in...
Read more »

European markets initially had an altogether much more buoyant tone today, however as the afternoon has progressed they have slid back from their intraday highs, as buying interest has slowly melted away. The FTSE 100 has lagged all day despite both the European Central Bank and the Bank of England keeping their respective monetary...
Read more »