Financial spread betting update for September 13th 2010

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

The past week was a shortened trading week due to the Labour Day holiday in the US last Monday. It was also a low volume week as expected but that should begin to change this week and we can expect to see volume pick up from here.

The markets continue to extract any possible positives from what has mostly been negative data and continue to move higher in the short term. At the time of writing this, which is early in the morning UK time (I’m currently in Asia and am 6 hours ahead) the stock markets have continued to drift higher with the exception of the Nikkei, which is flat this morning.

In the short term, stocks and commodities are mostly bullish although there are key levels that may come in to play this week on a couple of markets which will give a clearer indication of what is ahead.

This week’s financial spread betting update begins with:

It’s been another light volume week for the markets but this should change from next week as traders in the UK and US return to their trading desks. This should begin to pave the way to some clear market direction over the coming week…

Good trading

Phil Seaton

 

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