The FTSE 100 currently indicates a flat open, as traders wait for the release of the UK Nationwide house prices. Analysts are expecting UK homes prices to fall by 1.2% month over month, however there are some indications that the numbers might be worse then expected, and as a result the FTSE 100is likely to open the day in the red, despite the strong performance from the Dow Jones Industrial Index yesterday.
WTI Crude oil is trading just above the 51 dollar mark, as a surge in equity markets increased optimism that the global economy and fuel demand will recover soon. U.S. and Asian stock markets gained on better-than-expected earnings and factory output data in Japan, and with the current oil chart now looking technically bullish, there is a chance that oil prices might try and test the 55 dollar per barrel mark by the end of the week.
My Suggested Fixed Odds Trade Of The Day
My suggestion for today is on the euro vs dollar in the currency market, and it is a 14 day no touch bet on the EUR/USD with a 1.3700 trigger. If this no touch trade proves correct, then it will yield a return of 21%. As always you can find all the latest currency trading news, live news, latest prices on the currency charts, or the latest movements on the index charts by following the appropriate links, and if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link.