Financial Spread Betting Update 17 January 2011

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

Monday is a US holiday due to Martin Luther King Day so most commodity markets will be closed. Other markets will be open as normal but volume will be lighter than usual.

The week ahead promises to be interesting as volatility has increased for the US dollar which is now testing the lower end of the trading ranges against several majors. The dollar index is also likely to test support again this week having briefly pierced it last week. If support can be taken out then we may see considerable dollar selling and an extension to the commodity market rallies.

This week’s financial spread betting update begins with:

Stocks continue in bullish fashion, once again reaching multi-year highs. The US dollar has had a volatile week which has seen an end to the recent short term strength. The long term trend remains down for the dollar and is still up for stocks and commodities..…continue reading by clicking here

Good trading

Phil Seaton

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