Financial Spread Betting Update 21st June 2010

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 has finally broken out of the lateral trading range that it has been in for almost 4 weeks. We take a look at what this may mean for the stock markets as well as what may happen next. We also look at Gold which has just broken out to new all time highs as well as discussing the US dollar, which has had a second consecutive week of weakness and the recent uptrend for the US dollar looks as though it may be coming to an end for now.

We discuss where we think each of the 3 markets listed above may be heading including one way to calculate a target for a market that is at all time highs, as well as our usual focus on some of the other markets that we trade at LS Trader.

This week’s update begins with:

The past week has seen the stock markets continue higher from support and continued short term weakness for the US Dollar. We have also seen new all time highs in Gold….

Good trading

Phil Seaton

 

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