Financial Spread Betting Update 15th November 2010

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

The past week has seen many markets undergo a correction and a couple of trends have come to an end. Overall the long term trends remain intact and the week ahead promises to be interesting. Focus in particular will be on the dollar index as it is right at a critical short term resistance area. In early trading this morning the Dollar Index is higher and may be on the verge of pushing through the resistance level.

This week’s financial spread betting update begins with:

The past week has seen further short term US dollar strength and some heavy selling in the commodities markets. At the moment these moves are corrections, with the long term trends remaining intact. The current long term trends are still up for stocks and commodities and down for the US dollar..

Good trading

Phil Seaton

 

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