Financial spread betting update 7th February 2011

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

Stocks have so far this morning continued to advance whilst the dollar is mixed. The dollar is so far weaker against most of the majors with the exception of the Euro, which has been pushed back down to the $1.35 level that we have identified in the last couple of week’s updates. So far this support level has held firm but it will be the level to watch as trading progresses today and over the rest of the week. Commodities are mostly higher but gold is flat.

This week’s financial spread betting update begins with:

The markets have continued their volatile phase from the week previous but in spite of the short term volatility, many markets are still trending quite well, albeit with some swings in either direction. The dollar ended up pretty flat having been significantly lower early in the week and stocks closed at new multi year high……continue reading by clicking here

Good trading

Phil Seaton

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