This week’s financial spread betting update is now available and can be read by clicking here.
Dollar weakness has come back in to focus over the last couple of trading days and this has been to the benefit of stocks and commodities. For a large part of this year Monday’s have been bullish up-days so if that trend continues we will likely see higher stock index prices with the indexes reaching new 2-year highs and further dollar weakness. This may also aid Gold, which may have a go at new all time highs before year end.
This week’s financial spread betting update begins with: The past week has seen a reversal of the recent US dollar strength and new weakness in the dollar has helped to push most commodity markets higher. Most of the major currencies have also gained against the dollar and we may now see a resumption of the current long term trends. As before, the current trends are still up for stocks and commodities and down for the US dollar.…