LS Trader Financial Spread Betting Update For June 28 2010

This week’s LS Trader financial spread betting update is now available and can be read by clicking here.

For a change, the markets have had a quiet start to the week and there have been no major announcements out over the weekend and nothing too major happening in the Asian markets, which are several hours ahead of ours. This suggests that we will possibly see a continuation of the trends from last week during the early part of the week, especially once the US markets open this afternoon.

This week we look at the S&P 500, which having failed to push higher from the prior trading range has begun moving lower again and may be set for lower prices this week. In this week’s update we look at the 2 key levels that should be focused on in the week ahead, as a break of either of these levels could yield a decent move, especially if the break is downward.

We also look at Gold, which once again posted new all time highs but has still yet to really push on and make a substantial move higher. One market that is making a substantial move higher is Coffee and we look at that market briefly.

The forex markets have also been active and we have seen the recent US dollar rally stall and this week our focus is on the dollar index, Euro, British Pound and Japanese Yen, which has been the main benefactor of new dollar weakness during the past week.

This week’s LS Trader financial spread betting update begins with:

The past week has seen the stock markets end their recent strength and move lower virtually across the board.….

Good trading

Phil Seaton

 

Tags: , , , , , , , , , , , ,

No comments yet.

Leave a Reply


*

Login