(Just a pretty picture, trading platforms don’t really look like this)
17 February 2018: Quote of the Day“Don’t worry, Homer, nine out of ten religions fail in their first year.” – God
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Dear Spread Betting Diary
2018 Rebatesinfo Financial Spreads have “re-set” their 25% Rebate for 2018.
I.e. as well as new clients, existing clients can claim a new 25% rebate… as long as they qualify again by depositing £250, (€250, $250) in 2018.
Financial Spreads are also still running their monthly rebate which is imaginatively titled “Trader Rebate”.
Elsewhere, InterTrader are still running their monthly rebate called “TradeBack”.
For details see our guide to spread betting, FX and CFD rebates.
February 2018Sorry – we’re off for a few weeks!
See you soon.
Trumps rolls into Davos
26 January 2018: Stocks Steady as We Wait for US Q4 GDPtrending_up It’s 9.35am in the UK and equity markets are slowly but surely making up for lost ground this morning.
trending_up The FTSE 100 suffered severely yesterday on account of the surge in the pound and now we are seeing fresh buyers enter the fold.
trending_up Shares in London Stock Exchange (LSE) are up 1.4% at 3995p after Berenberg gave the company a buy rating yesterday, and placed a price target of 4690p on the stock.
The company has been in focus this week as hedge fund manager Sir Chris Hohn he expects consolidation in the sector.
trending_down Fresnillo and Randgold Resources are lower on the day as traders book their profits after the recent gains.
trending_up The underlying gold and silver markets have been pushing higher lately on account of the soft US dollar, and this morning traders are taking their profits on the two companies.
trending_down Berenberg lowered their price target for GVC Holding to 1070p from 1100p, and this stock is down 3.4% at 914p.
In the Forex Markets:trending_up EUR/USD continues to push higher this morning as the US dollar continues to be weak.
The single currency remains in its strong upward trend as yesterday’s ECB meeting revealed that some members are a little on the hawkish side.
trending_up GBP/USD is taking advantage of the fall in the US dollar, and the better than expected UK growth figures added to the upward move.
In the last quarter of 2017, the UK economy grew by 1.5% on annual basis, while traders were expecting a reading of 1.4%.
New US GDP Data:warning At 1.30pm (UK time) the US will announce the advance US Q4 GDP reading. Economists are expecting a reading of 3%.
trending_up We are expecting the Dow Jones to open up 40 points at 26,432, and we are calling the S&P 500 up 6 points at 2845.
Update by Ipek Ozkardeskaya, Senior Market Analyst, LCG
22 January 2018: Plenty of Markets Still In-Play for 2018video_label It’s always good to get some different views on the markets, the 7 minute video below takes a quick look at the key markets for 2018.
thumb_up up Eurozone stocks seems to get a thumbs up, particularly the Spain 35 and Italy 40.
info The FTSE 100 and Nikkei 225 also have some potential, albeit for differing reasons.
warning The risk-reward ratio for US stocks isn’t great. US equities have the “potential for sizeable correction”.
9 January 2018: Crude Oil to Reach $75 in 2018?video_label We’ve added a useful 7 minute video looking at the crude oil market for 2018.
If you’re interested in the oil market, this is a good summary and worth a watch (and there’s not much waffle either).
The video is on our crude oil spread betting guide.
Bitcoin “Consolidating” at $15,000?Nothing is ever clear in the Bitcoin market but are we seeing some kind of consolidation around $15,000?
We might be seeing a Bitcoin support / resistance levels (read more).
Also see “Is this the Least Stupid Way to Trade Bitcoin, Litecoin & Ethereum?“.
8 January 2018: New Year, Same Volatility for BitcoinIn case you missed it… Bitcoin did get back up to the $17,000 mark on Sunday.
It’s now back down to $15,000.
warning Extreme volatility continues to plague the market, see real-time Bitcoin chart.
WTF? What $1,000 Minimum First Time Deposit?We’ve received an email from eToro saying:
We are raising the minimum first time deposit to $1,000.I don’t get that.
This is to ensure speedier processing of deposit requests and to keep the services we provide at an optimal level.
Normal minimum deposits are around £100, euro100 or $100 e.g. with City Index, CMC, ETX, Financial Spreads, IG, InterTrader, Spreadex, Tradefair etc.
I know payments are a pain for the spread betting and CFD companies but most payments are automatic…
If you want to keep out the riff-raff like me, start with raising it to £250 or $250.
If you still have issues after that then you’re doing something else wrong.
4 January 2018: Bitcoin Back Up 35%!trending_up Since the low of $10,692 on 22 December the market has bounced back to $14,500… that’s a cheeky 35% bounce.
info It looks like the market is currently using $10,000 and $20,000 as very rough support and resistance levels.
warning Trading remains highly volatile. Only trade with money you are happy to lose.
For more on this, see our Bitcoin spread betting update.
4 January 2018: New US Dollar Index Trade Ideavideo_label We’ve added a new 5 minute on US dollar index ahead of tomorrow’s NFP.
See our US Dollar Index spread betting guide.
27 December 2017: Fear Factors & Trading in 2018It’s that quiet bit between Christmas and New Year so here’s a useful 10 minute video that looks at the bigger picture for 2018.
There’s not too much waffle and does look at some interesting data:
21 December 2017: Italy 40 Ready to Drop?trending_down The Italian stock market looks like it could in a classic Head and Shoulders pattern.
We’ve added a 5 minute video looking this, see our Italy 40 spread betting guide.
20 December 2017: Bitcoin in Bear Market (Technically)warning Bitcoin has dropped 20% and technically that puts it in a bear market.
Although, as we say in our Bitcoin spread betting and trading guide, Bitcoin has its own bizarre rules…
A 20% drop for Bitcoin probably isn’t a bear market.warning Cryptocurrency trading remains highly volatile.
A 20% drop probably isn’t even a “correction” it may only be a “dip”.
Reform Cuts Seem a Little One-sided…
19 December 2017: Christmas TreatIn celebration of the new Star Wars film, The Last Jedi, and that fact that the markets are a bit quiet this morning… we thought we’d put up this classic.
8 minutes of “Snatch Wars” (Snatch Vs Star Wars).
Is this why the internet was created? We hope so.
warning Lots of funny / puerile adult language
16 December 2017: US Tax
Reform Cuts Get Closer
15 December 2017: A New Warning on Bitcoinwarning It’s good to see the FCA trying to get message out about the risks of “Investing” in Bitcoin.
In an interview on Newsnight, Andrew Bailey, Head of the FCA, came out with a pretty clear view:
If you want to invest in Bitcoin be prepared to lose your money – that would be my serious warningSee more warnings and trading facts on our Bitcoin blog.
14 December 2017: The Fed Hikes & Dollar Falls
This week’s Fed meeting went as planned with the 0.25% rate hike but the dollar didn’t like the Fed’s uncommitted view.
See Live EUR/USD chart.
13 December 2017: New Trading Videos (with Technical Analysis)We’ve added 2 new videos:
video_label a 13 minute video taking a longer look at the US dollar. The video concentrates on the US dollar index, USD/JPY and gold – see trading the US dollar in 2018.
video_label 4 minutes of technical analysis on the HK50 – see is the Kong Kong Hang Seng on course to hit 30,000?
FOMC Meetings Create “Expected” VolatilitywarningIf you have open positions heading into tonight’s Fed announcements (see below) – then don’t forget that, after the monthly Nonfarm Payrolls, it’s the FOMC meetings that normally produce the most “expected” volatility.
I know we are crying out for more market volatility but, just like the NFP, these short-term spikes can hurt.
You have been warned.
Comedy Currency Trading!warningTalking of volatile trading, the comedy currency that is Bitcoin continues to have intraday $1,000 – $1,500 swings!
If you combine these swings with spread betting or CFD trading you will get hurt very quickly and it will be really painful.
Or… as I like to say:
Combining ultra volatile markets with leveraged trading is like drinking and driving… it is only a matter of time before a something really really bad happens.Did I just quote myself? Yes, sorry. I just wanted to make sure that stood out.
If you really want to jump on the bubble that is Bitcoin, see:
What? An Alabama Election to Move the Spread Betting Markets?
The Moore the Merrier? Not This Time
It looks like the hideous Roy Moore has lost the race for the Alabama Senate seat that was up for grabs.
There are a lot of unpleasant allegations about Roy Moore but I don’t agree with trail by internet.
… however, we can judge him by his own words, see the Moore the Merrier? Not This Time.
Looking at the markets though, this unexpected victory also points at how unpopular Trump is.
Crucially, losing a Senate seat makes things far more tricky for Trump and the Republican agenda.
See why the Alabama State election is important for the spread betting markets.
12 December 2017: Bitcoin’s Extreme Electricity Usage – Another Reason the Market Could Crashwarning We’ve added a new video that’s acts as a nice health warning for anyone looking to trade the cryptocurrency.
At the moment Bitcoin miners are using as much electricity as Nigeria (90m people).
Before long miners will be using as much as electricity as Japan
See Bitcoin Market Manipulation, Electricity Usage and Why Bitcoin Could Crash.
11 December 2017: Is the Santa Rally About to Kick Off?Below, a quick 4 minute video looking at the Santa rally that often boosts the FTSE 100.
lightbulb_outline Taking 30 years of data… the FTSE 100 rallies an average of about 2% rally from mid-December to the end of the month.
With the FTSE 100 above 7,450 a 2% increase would take it to/above the all-time highs aroud 7,556.
Bubble Trading – You Shouldn’t But If You Really Really Must…There might be a semi-convenient way of buying / holding / selling Bitcoin, Litecoin and Ethereum.
It’s not advisable to trade such volatile markets when they are in such clear bubbles but if you really really must…
info Revolut has added cryptocurrency exchange.
This might be one of the least stupid ways to invest:
thumb_up The exchange is just an exchange, it’s not leveraged. If you deposit £200 and convert it into Bitcoin… then, when the bubble bursts you’ll only lose your £200.
thumb_up You won’t get stopped out in highly volatile swings.
thumb_up Revolut is FCA regulated and so this gives you more security over your deposits.
For more see our article – Is this the Least Stupid Way to Trade Bitcoin, Litecoin & Ethereum?
11 December 2017: There’s a Lot of Economic Data this WeekToday could be quiet but come Tuesday, the markets could still be quite lively.
Below a 10 minute look at how things could unfold with updates from the Fed, BoE & ECB.
There’s UK and US inflation updates, new wage growth data and naturally these feed into the forex markets.
If you skip to 6 minutes, there’s some quick technical analysis on how the new data could impact the markets.
8 December 2017: It’s a Busy Few Days for Bitcoinstrending_uptrending_downtrending_up It’s hits $17,000 in yet more erratic trading.
warningwarning Overnight the cryptocurrency jumped to $17,000 before dropped back to $14,000.
According to David Madden, Market Analyst, CMC Markets:
The cryptocurrency is seeing tremendous volatility, but the upward is still in place for now.
And…warning $80m Stolen worth of Bitcoin was stolen from a mining service.
7 December 2017: A Few Trading Warnings and… One Spread Betting Idea!We have updates on:
warning Bitcoin as it hits $14,000 – see Bitcoin spread betting update.
warning US crude oil production is at record levels – see crude oil spread betting update.
lightbulb_outline and… a new Channel Trading (Range Trading) idea. This is one to watch.
4 December 2018: Trump Tax Plan Gets Closer
3 December 2018: Technical Levels for the Week AheadBelow, a useful 8 minute video taking a look at the coming week with a quick technical look at the Dow Jones, FTSE 100, Japan 225, USDJPY, EURUSD, GBPUSD, crude oil and gold.
It’s a New Month – Don’t Forget Your RebatesA few firms like InterTrader and Financial Spreads have monthly spread betting, CFD and forex rebates.
It’s worth checking them out if you trade a lot (or trade semi-frequently with +£5/pt trades)
If you don’t trade much, or trade with smaller trade sizes like £1/pt, then you’re unlikely to get much from a rebate.
There’s full rundown in our spread betting, CFD and forex rebates guide.
1 December 2017: Yep, the Leader of the Free World is Still a Daft RacistI’m not a massive fan of The Mirror but they’ve got their reporting right on this one.
Donald Trump has retweeted three racist tweets by Britain First and then managed to have a public spat with Theresa May.
And Don’t Forget…
Also see Donald Trump videos.
For more, please see Dear Spread Betting Diary.
What’s New on SpreadBetMagazine?We have worked for the spread betting companies in the past. We spread bet. We trade CFDs. We have seen much of what goes on, both good and bad.
Hopefully we can cover some industry gossip too (even when it irritates our advertisers).
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