Financial Spread betting Update for 20th September 2010

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

The week ahead promises to be an interesting one and for several reasons, firstly, the primary stock index, the S&P 500 closed pretty much dead on major resistance having broken through that key level earlier in the previous trading day on Friday. The market was unable to close above that level so could go either way this week. Secondly, we have the US Federal Reserve meeting this week as well as some US housing reports. Also, gold is at new all time highs and the $1300 level may be tested this week.

This week’s financial spread betting update begins with:

The past week has seen stocks test resistance, further weakness for the US dollar and continued strength for most commodity markets. Overall the long term trends are still down for stocks, up for commodities and down for the US dollar..….continue reading by clicking here

Good trading

Phil Seaton

 

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