(Just a pretty picture, trading platforms don’t really look like this)
Dear Spread Betting Diary
23 July 2017: Quote of the Day“Borrowing, like scratching, is only good for a while.” – …old Jewish saying
23 July 2017: Buying and Selling Spread Betting and CFD WebsitesA little off topic and more of an industry piece, we have taken a look at: Buying & Selling: Spread Betting, CFD and Forex Domains and Websites.
21 July 2017: Brexit Update
21 July 2017: Contest Over as Forex Markets Ignore Draghi’s Euro VisionA quick look at the markets… and it all boils down to a combination of the stronger euro vs both the weaker dollar and pound.
Back to Forex and the Euro…We’ve take a slightly longer here: Contest Over as Forex Markets Ignore Draghi’s Euro Vision.
20 July 2017… Draghi DayThe highlight today is the ECB / Mario Draghi press conference at 1.30pm. There could be some volatility around this.
Elsewhere, a few broker notes:
“ECB Dick Tatorship”To honour #ECB day, let’s not forget this Mario Draghi classic.
And the t-shirt? It says… “ECB Dick Tatorship” (sic).
They probably don’t sell many of those on Amazon…
Were there more paparazzi and security?
19 July 2017: Ex-Unicorns Running AmokThe NADAQ 100 chart hit another record high yesterday with Netflix reporting good Q2 numbers.
Helping the US tech index is the Facebook share price which also posted a new record high – investors have been piling in ahead of next week’s earnings data.
In a somewhat timely manner, we’ve added a look at Unicorns, Dead, Alive and Valuation Problems.
19 July 2017: Bank Jobs, Magic and Gross IncompetenceA quick update from Michael Hewson at CMC Markets:
The US administration appears to be undermining the dollar at every possible opportunity with what can only be described as either gross incompetence or sheer stupidity.And a comment from LCG:
It looks like the US government is giving the UK government a run for its money in the incompetence stakes. It doesn’t help that neither the UK or the US has a capable opposition.
And Don’t Forget…
18 July 2017: Trump Administration is Hurting the Dollar
Somehow… “Drain the Swamp” seems to be getting ever more pertinent…
Looking around the markets, there’s good deal of negative opinion regarding the Trump administration’s ability to get anything done.
We’ve added a roundup of the views here: Why the Trump Administration is Hurting the US Dollar.
It’s not all one way though, LCG are saying “Traders of USD/JPY should be seeking dip buying opportunities as soon as the USD sell-off loses momentum”. Read more.
Elsewhere, according to Michael Hewson at CMC Markets:
“Whatever Carney says today, his views on interest rate policy seem to change as often as the weather forecast, and tend to be about as reliable
“We could see sterling hit $1.3300 in the coming weeks, irrespective of what the Bank of England does, or does not do.”
18 July 2017: The Netflix Express… Next Stop?The Netflix shares have surged +10% after hitting 104m subscribers.
And the Netflix chart is looking like a freight train…
warning Warning!… The NFLX stock also looks very overpriced.
18 July 2017: Time to Short UK PLC…?An apt tweet from Alberto Gallo @macrocredit on the Brexit negotiations.
“EU Team: 100 pages of documents”
“Brexit Team: big smiles”
17 July 2017: A Number of Markets at Interesting LevelsUpdate from LCG:
17 July 2017: GBP/USD Clears Critical Fibonacci Resistance at $1.3045
14 July 2017: “You are Fucking with Me Now… Watch Your Back, Bitch”Here we go again, off the topic of trading and back to the addictive soap opera at 1600 Pennsylvania Avenue.
Kevin Spacey has commented on how the current administration puts House of Cards to shame. Sadly, that’s true.
Here’s the latest twist from Team Trump…
Marc Kasowitz, Donald’s personal attorney on the Russia mess, has sent a string of somewhat sweary and threatening emails, TheGuardian.com: Trump lawyer to apologize for sending expletive-filled emails to stranger
(I know the reporter for The Guardian is based in the US but no need to spell ‘apologise’ incorrectly).
14 July 2017: You’re in Such Good ShapeStill watching the soap opera and…
I don’t want to put anyone off their Friday lunchtime pint but… I need you to share my pain… sorry.
13 July 2017: Snap Gap! Textbook Example of Risks in Spread BettingThis week the Snap Inc. stock served up a very good example of how a gap (aka slippage) can hurt investors.
The market gapped from the Monday close of 1696¢ to Tuesday’s opening price of 1631¢ i.e. a gap of 65 points.
It could have been worse for some investors though, during the first minute of trading on Tuesday the price fell further 29 points (29¢) to 1602¢.
And there were some aftershock gaps too. See ‘snap gap’ charts.
12 July 2017: More Pain For Some Ex-UnicornsIt’s not been a great time for shareholders of:
11 July 2017: Snapped!(sorry, we need to find a new dad joke for Snap Inc.)
Anyway, even Morgan Stanley, the lead underwriter for the SNAP IPO has put the boot in.
The stock is now trading below the $17 IPO price tag at around $15.90
Need a laugh? Live Snap chart and price here.
7 July 2017: Ten New Forex Spread Betting Guides Added
We’re still adding more market specific trading guides to Spread Bet Magazine.
Today we’ve added/updated the following guides: We could add a lot of other forex markets like… but hardly anyone spread bets on those forex markets.
If you’re looking for a live chart or pricing for a ‘minor’ or ‘exotic’ forex market, just use the search function on the live forex chart.
5 July 2017: New Commodities Trading Guides AddedWe’re in the middle of adding 60 new market specific guides, each guide has a live chart, guide prices, well worked trading examples etc.
Today we’ve added the commodities: …and the softs…yes… we are fully aware that no one spread bets on any of the commodities apart from gold, silver and crude but the other guides let us add pretty pictures!
4 July 2017: Happy Birthday America – You Have Our Sympathy
Leave him alone… he’s doing his best…
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