Financial spread betting update for 11th October 2010

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

The past week has seen some big moves in several markets, especially the grains markets, which went limit up on Friday. In early trading the upmoves in the grains markets have continued, with Soybeans hitting its highest level in a year and Corn reaching its highest level in 2 years and may now reach $6 a bushel. This is still some way short of the 2008 high at $7.65 per bushel but shows there is still plenty of room to the upside for this move to continue.

This week’s financial spread betting update begins with:

The stock and commodity markets on the whole continue to press higher with new highs being seen in many markets. The current situation is all about the US dollar, which continues to decline and the long term trend is now down for the dollar against all of the major currencies and this dollar weakness is helping stocks and commodities push higher….

Good trading

Phil Seaton

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