Spreadex Market Update
European bourses surged this morning
European bourses surged this morning playing catch-up to the US after the tapering decision saw a 1.7% rise the Dow last night. The frenzy appears to be winding down today with the Dow down 45 points and Unemployment claims coming in higher than expected at 379k. The taper of $10billion a month was seen as nominal given the foreword guidance on interest rates keeping them at record lows for the foreseeable future. The fact that tapering has been announced should reduce the volatility around future FOMC meetings whilst maintaining enough easing to hopefully ensure a stable recovery. With US existing home sales and Manufacturing Index out at 3.00pm should it miss forecasts expect a flurry of volatility as speculators overreact.
Gold is selling off today after a brief surge yesterday breaking the 1200 mark as investors continue to pump money into equities with interest rates being kept low and the relatively small taper. After the recent volatility in equities and the failure of gold to rally even in those market situations suggests investors don’t see gold as such a safe haven anymore.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
