Financial spread betting update for 27th September 2010

This week’s financial spread betting update is now available .

As we had written in last week’s post, the past week was an interesting week as expected. The US Federal Reserve meeting sent the stock markets higher and the dollar lower by underlining the Fed’s commitment to easing and supporting the economy. This also led to Gold hitting our $1300 target. So far today the markets are relatively quiet.

In the week ahead we will get a clearer idea as to whether stock indexes are going to continue higher as they approach further resistance levels and will also see if Gold can close above $1300 and continue to advance.

This week’s financial spread betting update begins with:

The past week has seen the US dollar continue to move lower against the majors, commodities continue to push higher and continued short term strength in the stock indexes, pushing stock indexes to 4 month highs. The long term trend is currently mixed for stocks but up for commodities and down for the US dollar…

Good trading

Phil Seaton

PS. You can sign up for a risk free trial of our proprietary financial spread betting system . The system comes with a 30 day no questions asked money back guarantee and covers each of the stock, commodity and forex markets discussed above.

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