This week’s financial spread betting update is now available and can be read by clicking here.
We wrote last week that we expected an interesting week ahead as there were a series of events that had potentially large impact on the markets and these included the US mid-term elections (which effectively had no impact on the market), the US Federal Reserve meeting where the Fed announced the second round of quantitative easing as well as Bank Of Japan, Bank of England and the European Central bank meetings. Finally, we had the US employment data on Friday!
Also in last week’s update we wrote that the most effective spread betting strategy ahead of major news events is to continue to follow the trend instead of guessing what these announcements would be and what the market’s reaction would be. This once again turned out to be the correct strategy as the news items continued to move the markets in the direction of the prevailing long term trends.
The current long term trends for the major markets sectors are up for stocks, commodities and interest rate futures and down for the US dollar.
This week’s financial spread betting update begins with:
It’s been a very good week for the markets with stocks and commodities pushing higher and the US dollar moving lower. What was being called “Hell Week” by some commentators has turned out well with the markets continuing in the direction of the prior trends. The current conditions for the markets overall are very good and most markets are trending very well…
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