The FTSE 100 is currently indicating a flat opening, as traders await the release of the UK Nationwide House Price data. Some analysts are expecting worse then expected results, which may well have a negative effect on the FTSE 100 index at the open. Later today US will release its GDP numbers, and if the numbers are worse than expected could trigger a sell off in equities around the world.
Crude oil is currently trading near its six-month high after rising yesterday as OPEC decided to leave production quotas unchanged and a government report showed that U.S. inventories declined, but all of this weeks gain might be wiped out should the US GDP numbers show no hint of a recovery. Gold and silver continue to perform well in the commodities sector along with copper as demand from China starts to build.
Fixed Odds Trade Of The Day
While the British Pound stalled at the 1.6000 level with a shooting star candle, I believe that any retrace may well be short lived, and with that in mind a 31 day bull play on the dollars to pounds pair with a trigger at 1.5300 pays 12% ROI. Good luck with this fixed odds bet and remember, you can find all the latest currency trading news, live news, latest prices on the currency charts, latest movements on the index charts or commodity prices, by following the appropriate links. Remember also that if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link and this will take you to a new page on the fixed odds site, and good luck with this one.
