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.

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.

Euro vs Dollar - Euro To Dollar Daily Chart 3rd July 2009

The FTSE 100 index is currently indicating a flat open, as traders are wait for the release of the UK Purchasing Managers service index, due out shortly. With the US off for a long weekend for the 4th of July celebrations, this might be a very quiet trading session across all the markets, but in equities in the UK the FTSE 100 will need less then 30 points to finish the week in the positive territory.

Crude oil is heading for a third week of declines after a U.S. report showed unemployment in the worlds largest energy consuming nation last month rose to the highest in almost 26 years, with the release yesterday afternoon of the monthly NFP data. The numbers were far worse than forecast coming in at -467,000 against a forecast of -360,00, suggesting that the anticipated recovery is some way off. Meanwhile in Europe the ECB kept rates on hold once again, and as expected. Adding to yesterdays sell off were traders who had been buying heavily in oil futures, on speculation that the US employment data would improve. As a result there was a flight to the safe haven currencies of the US dollar and the Japanese Yen once again.

Fixed Odds Trade Of The Day

The euro vs dollar failed to breach the 1.4200 level in the last few weeks, but another run at the number is probably on the cards in the short term despite yesterday’s fall. A one touch bet on the Euro/USD with a 6 day term and a 1.4200 trigger pays 133% ROI if correct. 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.

Gold Price Chart - Daily Gold Prices 26th June 2009

We’re looking at a very strong opening from the FTSE, CAC and DAX this morning, as a rollover from yesterday evening’s sustained rally on US markets creates a pull through effect into Europe. Last night’s buying surge appears to have been a delayed reaction to Ben Bernanke’s testimony, with the S&P 500 and the Nasdaq both closing strongly, and moving in to positive territory for the week.

European stocks should start on the front foot from the start, and there’s a strong chance that the major indices will finish the week in the black. Monday’s sell off is increasingly looking like a fakeout as previous trends are re-engaged. Appetite for risk and confidence are both returning as evidenced by a slightly weaker dollar this morning and oil prices pushing over $70 a barrel once again.

The forex markets have been relatively quiet so far this morning, with the US dollar down against the euro as traders look for riskier assets elsewhere, but this morning’s biggest mover is spot gold which is up around 0.65%. After backing and filling for a good while, it could be the precious metal’s chance to finally make some serious moves. One Touch and Break out trades could be the best way to play this over the next four days.

Fixed Odds Trade Of The Day

My suggested fixed odds bet for today is a one touch trade predicting that spot gold prices will touch $960 in the next 5 days which could return 138% if correct. 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.

Spot Gold Price Chart - Daily Gold Prices 22nd June 2009

My fixed odds trading suggestion for today is in one of my favourite commodity markets, gold. While gold prices failed to penetrate the $980.00 level, we are probably not going to see them fall back into the 750 dollar per ounce level, as we saw during the summer months last year. In fact with uncertainty in the equities market intensifying, and risk appetite amongst investors falling, gold bears will be hard pressed to get the price of gold anywhere close to the $910 per ounce level in the short term. With that in mind, a 10 day ‘no touch’ bet on the price of spot gold, with a trigger at $900.00, could pay a potential 18% ROI if correct.

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.

Euro vs Yen - Daily Chart For The EUR/JPY Currency Pair

The FTSE 100 index is currently indicating a weak open, as traders are waiting for the release of the UK CPI numbers, amid concerns that with low interest rates inflation might begin to rise, damaging any longer term recovery of the fragile economy, and as a result the leading UK share index is likely to start the day in the red.

Crude oil is trading below $70 a barrel in New York as a stronger US dollar limited investor demand for commodities as a hedge against inflation. Asian stock markets fell this morning, eroding optimism that fuel demand may increase. Oil prices are likely to trade in a tight range for the next few days as we push ever higher towards our next target at $75 per barrel.

Fixed Odds Trade Of The Day

My suggestion for today’s fixed odds bet is on the euro vs  yen currency pair, and is a 7 day no touch bet with a trigger just above the recent high, which if correct pays 12% ROI. 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.

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.

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.

Crude oil is up in early trading once again, as most Asian stocks rose after economist Paul Krugman said the U.S. recession may end this year, coupled with increasing demand oil, which also received a further boost as the US dollar declined, raising the appeal of commodities as a hedge against a weaker U.S. currency. Oil prices are likely to continue to test the 70 dollar level today, and possibly push on towards the $75 per barrel outlined by the OPEC members at their last meeting in Austria.

My Fixed Odds Trade Of The Day

My suggestion for today on the fixed odds market is once again in the currency markets, and this time the euro vs yen pair,  with a 7 day no touch bet on the EUR/JPY with a trigger at 140.00 which pays  a 24% return 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.

Despite positive moves last week, further upside could still be limited for world stock markets, and my suggested fixed odds trade for today therefore is a no touch trade predicting that the S&P 500 won’t rise above last week’s highs and touch 961 at any point during the next 9 days. If I am right then this could return a very healthy 109%. 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.

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.

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.