Where Can I Find Live Spread Betting Prices and Charts for Barclays?
The real-time CFD trading chart below provides users with a handy view of the Barclays market.
The Plus500 chart that we use above typically uses the Barclays futures market (not the spot price).
To look at real time financial spread betting prices/charts for Barclays, you will normally require a spread betting account.
You can also use a spreads account to speculate on shorter term spot markets. Opening an account is subject to credit, suitability and status checks.
Should your application be approved then, when you log on, you will be able to view the prices and charts. These are normally provided as part of the service. The catch? You are likely to get the odd sales letter or call from your chosen online spread betting provider.
If you do trade then, before starting, you should note that spread trading and CFDs do carry a high degree of risk to your funds and it's possible to lose more than your initial deposit.
[11:04am] Barclays is a top riser today after a US court dismissed a case brought against its dark pool.
Update by Jasper Lawler, Market Analyst,
[9:56am] Barclays +4.78%
This is on the back of a broker upgrade,
Update by Brenda Kelly, Senior Market Strategist,
[11:04am] Analysts Still Bullish About Barclays Shares
[9:56am] Barclays Stock Could Continue Upwards
Update by Alastair McCaig, Market Analyst,
'Dark Pool' Litigation Hits Barclays Ahead of Earnings
It's been over a month since the announcement from US regulators that they are suing Barclays US investment bank.
They allege that the bank favoured HFT traders using its 'dark pool' trading venue, and in the process potentially disadvantaging its big pension fund and institutional clients.
New CEO Antony Jenkins must feel like a punch bag; as he strives to navigate more land mines, given his pledge to clean up the bank, when he took over in 2012.
Nicknamed St Antony when he took over with his 'Project Transform' policy to clean up the bank, it would appear that no-one appears to be listening in the US investment banking arm.
We have recently seen news that Barclays would have to create a bad bank for some significantly underperforming investment banking assets in Fixed Income and commodities (FICC), and its European retail operations.
Having just digested this, the allegations from the US regulator that Barclays is vigorously contesting are the last thing Antony Jenkins needs right now.
These allegations appear to be somewhat of an own goal on the part of its US arm which has been the beneficiary of some backtracking by its new CEO on the subject of bonus cuts amidst threats of mass defections.
Should Barclays Close the Investment Arm?
Given the severity of these allegations and the subsequent drop in trading revenues as a result, tomorrow's trading update could well see a significant hit to revenues in the investment banking unit.
This would then raise the question as to why keep it open, given that the unit is already undergoing significant restructuring changes, with the loss of 7,000 jobs over three years.
The pay and practices of investment banking continue to come under scrutiny not only in the UK, but across the globe as well.
The prospect of further inquiries on top of recent litigation could well suggest that the banks investment banking unit needs shrinking further given that fixed income business at other major institutions is also on the decline.
This will be an important component of this week's update with close scrutiny on the investment banks trading revenues which are certain to have taken another hit, in the wake of these allegations as well as the lower volatility seen this year.
According to the lawsuit filed in New York last month, Barclays allegedly falsified marketing materials to institutional investors concerning its so called monitoring system called 'Liquidity Profiling', which it told investors enabled it to identify predatory trading and ban malicious trading practices or HFT traders.
It is also alleged the bank falsely claimed it did not favour its own dark pool when routing client orders to trading venues.
The bank looks set to vigorously contest these charges suggesting that it feels it is on fairly solid ground.
Coming as this does on the back of the furore over the recent multibillion dollar fine on Banque Paribas, the fear must be that given recent evidence of fine inflation, which we've been seeing from regulators, that Barclays could be hit very hard if these charges are proven.
Barclays Hopes to Replicate RBS Results
The share price has come under pressure since the announcement of the SEC investigation, with the shares hitting their lowest levels since November 2012 earlier this month, though we have seen a modest rebound since then.
The rebound has been largely as a result of last week's surprise improvement in Royal Bank of Scotland's latest numbers, which has raised hopes that Barclays could also surprise on the upside.
This seems a rather optimistic assessment given RBS's profits improvement was down to improved valuations in its bad bank's assets, which got deep-sixed at the end of last year, when the bank announced another hefty loss.
What this inquiry in the US does do is increase the uncertainty in the broader banking sector as inevitably we could well find further examples of this amongst other banks that operate their own dark pools, with reports that Swiss bank UBS is also under investigation.
We constantly hear banks complain about overzealous regulation, and there is certainly a risk of a knee jerk response in a lot of these cases, but when stories about malpractice, alleged or otherwise consistently hit the headlines, as in the case of Lloyds this week, it is hard to feel any sympathy whatsoever.
If you behave like a misbehaving child then you should expect to be treated like one.
This looks like yet another reason to be cautious about the banking sector as increased scrutiny and regulation, as well as more fines, is likely to be the result of another PR pot-hole for the banking industry.
Update by Michael Hewson, Senior Market Analyst,
Trading Sectors and Using Barclays to Trade the FTSE 100
In this technical analysis video, Trevor Neil, from BetaGroup, talks to IG about using the RRG function to analyse European sector movements.
The video also discusses why Barclays might be a useful way of speculating on the performance of the FTSE 100 index.
Technical Analysis of FTSE 100 Shares
In a quick look at some key shares on the FTSE 100, IG Live asks Zak Mir from Zak's Trading Cafe for his technical opinion on Barclays, Lloyds and Anglo American.
[9:31am] Barclays -1.21%
The bank has come under scrutiny today after reporting a 32% fall in profits followed by a 10% increase in bonuses. Barclays has also further revealed this morning they are planning on cutting between 10,000-12,000 jobs.
Update by Sam Fox, Trader,
[7:49am] UK financial stocks are likely to be in the limelight after Barclays reported full-year profit that missed analyst estimates.
Profits in 2013 declined 37 percent as stricter regulation put pressure on its fixed income business.
Pre-tax profit fell to ?2.52 billion from ?3.99 billion a year earlier, with analysts expecting a ?2.99 billion consensus.
Chief Executive Office Antony Jenkins will continue to eliminate jobs to remove ?1.7 billion pounds of costs by 2015.
Despite the miss, Barclays have announced they have increased the bonus pool by 10% to ?2.38 billion.
Update by Lee Mumford, Trader,
[10:15am] Confidential Client Data Stolen from Barclays
Not a week seems to go by without another bank getting in hot water with the FCA, with this morning's headlines putting Barclays under scrutiny for failing to protect client information.
Thousands of files confidential client data were apparently stolen and sold on to boiler room scams that prey on vulnerable savers.
No doubt a hefty fine will be imposed if all is as it seems so far, which lines up behind a probe into payments to Qatar's sovereign wealth fund during the financial crisis.
CEO Antony Jenkins has already waived his 2013 bonus in light of recent penalties, and it looks like we haven't seen the last of it yet.
[11:02am] Barclays -1.83%
The Guardian Care Homes Group are suing Barclays to cancel an interest-rate swap deal linked to the London interbank offered rate, saying they wouldn't have agreed if they knew the benchmark was being rigged. An appeal by Barclays against the Libor claims is being heard alongside a similar swap case against Deutsche Bank AG brought by Indian property developer Unitech Ltd.
Update by Max Cohen, Trader,
[10:21am] Barclays +2.12%
Barclays PLC was upgraded by investment analysts at Nomura to a "buy" rating in a note issued to investors today. The firm currently has a 340p price target on the stock, up from their previous target price of 260p. Nomura's target price would indicate a potential upside of 12.73% from the stock's previous close. Barclays PLC has a 1-year low of 211.80p and a 1-year high of 338.20p.
Each of these spread trading companies currently offer a Demo Account which lets users practice with orders, test new trading ideas and check charts, such as candlestick and line charts.
How to Spread Bet on Barclays?
If you are going to speculate on UK companies such as Barclays then one possibility could be to place a spread bet on the Barclays share price.
Looking at a website like Tradefair, we can see that they are currently valuing the Barclays Rolling Daily market at 243.3p - 243.8p. This means that you can put a spread bet on the Barclays share price:
Rising above 243.8p, or
Falling below 243.3p
When financial spread trading on UK equities you trade in £x per penny. As a result, if you risked £5 per penny and the Barclays share price changes by 24p then that would change your profits (or losses) by £120. £5 per penny x 24p = £120.
Rolling Daily Equities Markets
One thing to note is that this is a Rolling Daily Market which means that there is no set closing date for this market. As a result, if your trade is still open at the end of the trading day, it will roll over to the next session.
If you allow your trade to roll over and are spread betting on the market to:
Increase - then you'll be charged a small overnight financing fee, or
Decrease - then you'll usually receive a small credit to your account
So, if you take the above spread of 243.3p - 243.8p and assume that:
You have analysed the stock market, and
Your research leads you to think the Barclays share price looks like it will go higher than 243.8p
Then you may buy a spread bet at 243.8p and risk, for the sake of argument, £10 per penny.
Therefore, you win £10 for every penny that the Barclays shares move above 243.8p. Of course, it also means that you will make a loss of £10 for every penny that the Barclays market decreases below 243.8p.
Considering this from another angle, if you were to buy a spread bet then your profit/loss is worked out by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
Therefore, if after a few days the stock started to move upwards then you could choose to close your position so that you can guarantee your profit.
As an example, if the market increased then the spread might change to 252.9p - 253.4p. You would close your trade by selling at 252.9p. Accordingly, with the same £10 stake your profit would be calculated as:
Your profits (or losses) = (Settlement Price - Opening Price) x stake
Your profits (or losses) = (252.9p - 243.8p) x £10 per penny stake
Your profits (or losses) = 9.1p x £10 per penny stake
Your profits (or losses) = £91.00 profit
Speculating on equities, by spread trading or otherwise, can fail to go to plan. In this example, you had bet that the share price would go up. Nevertheless, it might decrease.
If the Barclays share price had fallen then you might choose to close your position in order to restrict your losses.
Should the spread drop to 233.4p - 233.9p then this means you would settle/close your trade by selling at 233.4p. If so, that would mean you would lose:
Your profits (or losses) = (Settlement Price - Opening Price) x stake
Your profits (or losses) = (233.4p - 243.8p) x £10 per penny stake
Your profits (or losses) = -10.4p x £10 per penny stake
Your profits (or losses) = -£104.00 loss
Note - Barclays Rolling Daily spread accurate as of 17-Oct-12.
Below, an older but useful case study on the Barclays share price by Shai Heffetz, InterTrader, 25-Oct-2011.
Three months ago, at the end of July 2011, Barclays was still trading at close to 240p. Since then it has taken a rather sharp nosedive and, at one stage, the share traded at well below 140p.
Looking at the chart below, we can see that the Barclays share price was just below 240p towards the end of July.
At that stage the 10-day Exponential Moving Average was already somewhat below the 20-day level, showing us that the share was in a bear phase.
After that, the 10-day EMA remained well below the 20-day EMA and the price dropped consistently, except for a few instances where the bulls tried in vain to push the price up.
At the beginning of September, it dipped below the 140p level for the first time, followed by a concerted effort by the bulls that momentarily saw the price rise above the 20-day EMA.
Then it dropped below both moving averages again and also dropped below the 140p level again, at which stage we see a classic hammer pattern forming.
Since then the spread betting price has failed to form a new low. By the middle of October, it had in fact moved above the previous high we saw round the end of September.
Currently, the UK bank’s shares are trading above both the 10-day and 20-day EMA. The 10-day EMA has also broken through the 20-day EMA line for the first time, which is another confirmation that we are seeing a mini bull run.
Whether this will last remains to be seen. Fundamental factors, such as the Euro debt crisis will no doubt play a role here.
Having said that, technical analysis suggests that any close above the 190p level could indicate, at least in the short term, a continuation of the bullish market.
'Barclays Spread Betting' edited by Jacob Wood, updated 19-Jan-17
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