Fixed Odds Trading » Markets

Fixed Odds Trade – GBP/USD Daily Chart Bear Trade 22nd July 2009

admin — Wed, 22 Jul 2009 13:20:28 +0000

Pound vs Dollar - Daily Candle Chart 22nd July 2009

It’s been a flat opening for the FTSE, CAC and DAX as the bulls and bears continue to trade punches. There was excitement after the close of US markets last night as Apple smashed its earnings estimates. Unfortunately this excitement has proven to be short lived and there has been a steady decline in optimism overnight. Investors didn’t get anything too bullish from Fed chairman Ben Bernanke and other company announcements such as Yahoo were a muted affair. After such a spectacular run up, a bout of profit taking or buying fatigue is natural. At 08.30 GMT today we have the release of the minutes from the last MPC meeting, followed by Canadian retail sales at 12.30, then at 14.00, Fed Chairman Bernanke continues his testimony. Aside from a number of middle tier economic announcements, these will be today’s main market movers today.

My Fixed Odds Suggested Trade

The pound is getting hammered in early trading, most notably against the dollar where it stands 0.75% down on the day. Investors are taking fright at the size of the UK debt mountain and news that up to 9% of tax revenue could go to debt repayments in the next 5 years. Money is flowing back into the perceived safety of the US dollar and Japanese yen, making the GBP/ USD today’s pair in play. 1.6500 looks like it’s becoming a tricky level to surpass on the GBP/USD. A bear trade predicting that the GBP/USD will be below this over the next few days could be best way to play this.

Good luck with this fixed odds suggestion 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.

Fixed Odds Trading News – Fixed Odds Bet 17th July 2009

admin — Fri, 17 Jul 2009 09:15:11 +0000

Pound vs Dollar - Daily Candle Chart 17th July 2009

It’s been a good start to the day for the FTSE, CAC and DAX. This is largely down to a final hour surge in US markets last night with the European indices playing catch up this morning. Speculators rushed to take a position in Google last night ahead of their earnings announcement after JP Morgan beat expectations. Although markets are higher this morning, there are reasons to be cautious. Firstly, Google’s results were mixed with their share price plunging in after hours trading, and secondly the overnight bomb blasts in Jakarta have also forced investors on the defensive, putting the brakes on gains in financial markets this morning.

Fixed Odds Bet Today

As we saw in early trading yesterday, investors have reverted to risk averse mode, moving to safer assets overnight. The yen and dollar are in demand with the pound and Aussie dollar particularly out of favour with investors. There is little by the way of economic announcements this morning apart from US building permits at 12.30. The pound vs dollar has been one of the morning’s biggest movers and if US building permits come in better than expected, the pound’s slump could continue. One way to play this might be a one touch trade with the trigger level set at around 1.6100. A One touch trade over three days could return 259% over this period.

Fixed Odds Bets – No Touch On Euro vs Yen Daily Chart 16th July 2009

admin — Thu, 16 Jul 2009 09:00:44 +0000

Euro vs Yen - Daily Candle Chart 16th July 2009

It’s a quiet start to the day for the FTSE, CAC and DAX, with investors taking a breather after a tremendous start to the trading week. In just three days, recent fears have been swatted away as investors see reasons to be cheerful in the economy and corporate profits. The recent rally has been sparked by Goldman Sachs and Intel with other companies such as Exxon Mobil and American Express pitching in. There were no major US companies announcing earth shattering earnings after the close last night so sentiment has drifted overnight. Before US markets open, we have earnings from JP Morgan and after the close we have earnings numbers from Google & IBM. If the Californian search giant is able to beat profit estimates, we could have a week to remember with the rally this would spark. It’s a quieter day on the economic news front today with the principle piece of news being US unemployment claims at 12.30 GMT and TIC Long Term Purchases at 13.00.

My Fixed Odds Bet Today

The dollar and yen have been under pressure as investors look to take on more risk. During the wobble in recent weeks, the yen was seen as a safe haven, but with the mega rally we’ve seen this week, traders have been dumping safety in favour of the dollar and other currencies such as the euro. This morning we’re seeing a reversal of that trend with the yen strong across the board, especially against the euro and Aussie dollar. This makes today’s pair in play the EUR/ JPY (euro vs Japanese Yen). If the recent rally falters, we could see further strength in the yen. The best way to play this might be a No Touch trade predicting that the EUR/JPY won’t rise again and touch something like 133.00 over the next 5 days. This currently could yield around 100%.

Fixed Odds Trade Of The Day, Expiry Miss – 15th July 2009

admin — Wed, 15 Jul 2009 13:20:46 +0000

Euro vs Dollar - Daily Candle Chart 15th July 2009e

It’s been a strong opening for the FTSE, CAC and DAX with the main European indices up between 0.5% and 1.2%. The prospect of higher than expected earnings from US companies is getting traders excited after Intel produced encouraging results late last night. Asian markets kept the momentum going and markets look set for another good day. We’ve a very busy day on the economic news front with UK claimant count change, average earnings and unemployment rate at 08.30 GMT. At 09.00 we get the release of European CPI numbers. At 12.30 we have the first of a stream of US economic announcements starting with US CPI, then various announcements leading up to the release of the last FOMC meeting minutes. Markets seem to be in a bullish mood and any one of these announcements could push shares even higher today.

My Fixed Odds Suggested Trade

The Euro is in play today on the currency markets, rising strongly against the dollar especially. With a steady stream of announcements due today that could impact on the dollar, and the euro vs dollar could be where the main price action is today. A two day expiry miss might be the best way to play this trade. An expiry miss wins if the pair is below your lower target or above your higher target within that time. Basically, as long as it moves out of a trading range and stays there, you win.

Breakout Trade – GBP/USD Daily Candle Chart 14th July 2009

admin — Tue, 14 Jul 2009 08:59:02 +0000

Pounds To Dollars Daily Candle Chart - GBP/USD 14th July 2009

It’s all a bit flat this morning, but this certainly won’t last. Yesterday, stock markets rallied on rumours that the profits from investment bank Goldman Sachs will tip $2 billion. This was the first positive catalyst that investors have had in a few days and they grabbed it with both hands. This morning we’re seeing the calm before the storm with Goldman’s actual results being released just before the opening of US markets. It could therefore be a volatile open for the Dow Jones depending on how well Goldman’s actual results are received. It’s not just Goldman’s results that could excite today, we have a raft of important economic announcements to come this morning. From 08.30 GMT we have UK CPI and RPI which will give trades an idea of the current inflation expectations for the UK economy. This could have a knock effect on the pound especially with MPC member Posen speaking at the same time. At 09.00 we have German and European ZEW economic sentiment which could impact the euro. Then at 12.30 we get US retails sales and PPI. It’s quiet now, but this really could be the calm before the storm today.

Fixed Odds Suggested Trade

With Goldman Sachs releasing their results from midday, and a raft of important economic announcements, dollar pairs could be in play today with the pound vs dollar potentially the most active of all the pairs. It’s relatively calm until 08.30 GMT so it may be a good time to profit from the coming volatility before it happens. A one day breakout trade could be a good way to play this as the GBP/USD can go in either direction and the trade still winning as long as it goes somewhere fast as it could do today.

Fixed Odds Markets – Trading News 8th July 2009

admin — Thu, 09 Jul 2009 07:23:46 +0000

USD vs CAD - Daily Candle Chart US Dollar Canadian Dollar

The FTSE, DAX and CAC are down by around a quarter of a percent at the open. Asian markets were weak overnight, with losses ultimately following the evening sell off in US markets. Wall Street slumped to a six week low as traders dismiss talk of green shoots. UK PM Gordon Brown has warned of a second wave in the recession and there are rumours of second massive stimulus package being required to kick start the US economy. Oil is a good barometer of economic sentiment and judging by the 5th consecutive session of declines in crude prices, the omens aren’t good. Today we have the UK Halifax House Price index at 08.00 GMT followed by Eurozone GDP at 09.00.

My Fixed Odds Trade

Currency markets are quiet so far today as traders adjust to the renewed strength in the dollar seen over the last few days. The yen pairs have seen the most action so far today with AUD/JPY the biggest mover after better than expected Australian home loans data. The biggest movement seen on a non yen pair is the USD/CAD (US Dollar/Canadian dollar) which is often influenced by the price of oil. So far the pair has moved less than the equivalent move in the price of crude and If oil keeps up the pace of declines, this relative inaction might not last. This makes the USD/CAD today’s pair in play. A break out trade can be a good way to trade a range bound market as the range cannot last forever. One way to play this would be a break out trade on the USD/CAD over 3 days with the lower level set as 1.1500 and the higher level set as 1.1850.

Fixed Odds Trading News – 19th June 2009

admin — Fri, 19 Jun 2009 08:03:56 +0000

The FTSE 100 is currently indicating a flat open, as traders square their option positions before this morning’s expiry. Today is one of those rare days where all the options (stock index futures, stock index options, stock options) expire on the same day, and while no one can be sure where the market will go today, there will ofcourse be plenty of volatility across all the markets, so be careful in your intra day trading using fixed odds today

Crude oil continues to trades near the $71 a barrel mark, and is set to mark its first declining week since early May. Oil prices have enjoyed support at the 70$ mark on expectations that an economic recovery will increase fuel consumption, and the sideways consolidation on the daily oil chart, suggests that this may provide the springboard to a move higher, to retest the $75 per barrel price level. The moving averages seem to be providing support and it would not be a great surprise to see this level reached in next weeks trading. Gold and silver traded sideways again yesterday, but both found support from their respective 40 day moving averages, always a positive signal when looking for technical trading signals. This would seem to suggest that these two commodities have found a base from which to build once again, but much will depend on the performance of the equity markets in the next few days, coupled with any return to strength for the US dollar.

Fixed Odds Trading News – Market Roundup 15th June 2009

admin — Mon, 15 Jun 2009 08:06:00 +0000

Last week, equities were dead in the water, with no meaningful moves in either direction on all the world’s major stock markets. Markets have gone from extreme volatility, to dead calm recently. The FTSE’s weekly trading range was just 135, its lowest level since May 2008 excluding Christmas. Incredibly, you have to go back as far as October 2007, to find a weekly trading range as tight as this one for the Dow Jones excluding the Christmas holiday season. In addition, the New York Stock Exchange recorded its lowest volume excluding holiday sessions, twice this week. The wild panic of the credit crunch appears to be easing, and the grim reality of a slow recovery is taking hold. It’s not as though the bad news has stopped, it’s just become more manageable, and almost predictable.

There appears to be a standoff between those who believe higher oil prices and the prospect of higher interest rates are indicators of the worse being over. On the other hand, the pessimists believe that growth will continue to falter, and higher oil prices will bring the stagflation monster out of hiding.

The optimists scored a point last week, with US jobs data topping analysts’ estimates and retails sales rising for the first time in three months. However, it will take a meaningful breakout of the recent trading range before it can be said that either the bulls or the bears have got the upper hand.

Oil finished the week up strongly, breaking through and holding above the $70 level. The pound recovered more of the ground lost last week against the dollar, and has continued to make multi month highs against the Euro and Japanese Yen. Sterling has been one of the strongest currencies over the last month, but there is still a long way to go if the pound is to reach pre Northern rock levels from almost two years ago.

This week promises to be busier, with more top tier economic announcements due. On Tuesday, the central bank of Australia releases the minutes from their last meeting, and the Bank of Japan release their monetary policy statement. Later that day we have UK CPI, German ZEW sentiment and US building permits. Wednesday brings UK claimant count change, and the release of the minutes from the last MPC meeting. Governor King is also scheduled to speak at some point in the day. After Midday we have US CPI data and Bernanke speaking. Thursday brings UK retail sales and US unemployment claims, so a busy week in prospect for fixed odds trading, with plenty of opportunities across all the markets.

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.

Fixed Odds Trading News – 8th June 2009

admin — Mon, 08 Jun 2009 07:36:25 +0000

US equities enjoyed a positive week last week once again, thanks largely to the gapped up opening of Monday, which helped to provide additional momentum to the move throughout the week. There was a mixed reaction to Friday’s Non Farm Payroll numbers as the headline number came in much lower than expected, causing short term volatility on equity futures and currency markets in particular. Treasuries plunged and stocks surged at the open, but this initial move was short lived as unconfirmed rumours speculated that the better than expected NFP numbers (in comparison to expectations since September) were caused by a computer error. ISM manufacturing data contracted at its slowest pace for eight months. European markets had a mixed week, with the FTSE 100 hampered by blue chip companies going ex dividend, amid growing uncertainty over the Labour leadership.

On Tuesday, the FTSE 100 got off to a rocky start with the news that IPIC would be pulling some of its investment in Barclays, and banking any profits made to date. Considering the fact that Barclays slumped to 50p following their initial purchase, the Gulf investors have held their nerve well, and booking gains at just below current prices seems understandable in the circumstances. This of course isn’t great news for Barclays, as it raises fresh capital adequacy issues. Barclays has been benefitting from an independence premium, rising faster and further than rivals that had to take part in the UK government asset protection scheme. Now that ‘premium’ is being called into question though, Barclays may be better placed to weather the storm now that optimism appears to be creeping back into the global economic psyche. Barclays recovered well in the later part of the week.

There is certainly evidence of confidence returning to markets, with cash allocation falling for most managed funds, as investors pour money back into the stock market. We could be seeing a great unwinding of the extreme flight to safety that happened post Lehman Brothers. Now it appears traders want to pick up where they left off, pushing resources and stocks higher, and betting on higher inflation in the future. Oil is continuing its bull run and it is remarkable to note that crude prices have doubled in just 75 trading days, from $33.75 to current levels. Spot gold prices hit $989, but reversed to close at $954.88 last week and oil pushed to over $70 at one point.

It is no coincidence that the so called BRIC nations have seen their stock markets rally strongly in 2009, with the Russian stock market up 70% this year. Demand from emerging nations such as China fuelled the commodity boom prior to the credit crunch, now it appears they are leading the recovery with oil following in the tail wind.

Three central banks; the MPC, the ECB, and the BOC produced rate statements last week, with all three choosing to keep rates on hold. This was largely predicted in advance, but there were still some big swings on currencies. The biggest move on the pounds to dollars pair was attributed to rumours that Gordon Brown was quitting. Although the rumours are unfounded, cable dropped dramatically around that time, and is yet to recover.

Fixed Odds Trading – Fixed Odds Trade Of The Day 3rd June 2009

admin — Wed, 03 Jun 2009 08:15:07 +0000

The FTSE 100 index is currently indicating a relatively flat open to the equity trading session in London, as traders wait for the release of the Eurozone GDP figures, before deciding whether to put more money into the market. While most countries had better then expected GDP numbers, analysts are worried that Europe may prove to be the exception, and therefore the opening price for the FTSE 100 will greatly depend on the data when released.

Crude oil prices fell back slightly yesterday in afternoon trading, primarily from profit taking as traders locked in their recent profits after oil prices reached a seven month high yesterday with investors buying commodities as a hedge against inflation. The outlook for crude oil prices today is that we will probably see prices move in a relatively tight range, as we wait for the release of the oil inventory numbers by the Department of Energy later this afternoon. In the medium term, the price of oil looks set to rise further, and our initial target is the $70 per barrel price point, which if achieved should provide the springboard for a move back to re-test the $75 per barrel, outlined at the recent OPEC meeting in Vienna.

Fixed Odds Trade Of The Day

With the equity markets in rally mode, a 7 day bull bet on the FTSE 100 with the trigger at 4400 pays 31% ROI if correct. 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.