This week’s financial spread betting update is now available and can be read by clicking here.
This week we look at the S&P 500, which may be set to test a key support level this week and the likely impact on the markets that failure for support to hold would have.
We also take a look at Gold and Crude Oil, which in particular has been struggling with resistance levels of late as well as our usual focus on the forex markets, which have had a busy week with the dollar index reaching new highs and the Euro falling to new 4 ½ year lows against the US dollar.
This week’s update begins with:
At the end of the shortened trading week due to the markets being closed for the holidays in the US & UK, the markets ended lower, especially stocks and commodities, whilst the dollar and bonds moved higher. The week ahead could be quite an important one as major support levels in several markets could be tested….