Posts from — April 2009

The FTSE 100 currently indicates a weak open, as traders are waiting for the release of the UK CPI numbers. Analysts are worried that inflation might grow faster then expected especially since the UK interest rate is at an all time low. The FTSE is most likely to open in the red this morning.

Oil prices are back under the 50 dollars per barrel level, as analysts are worried that the economy is in worse shape then previously predicted.

There will be a few economic reports released this week that have a chance to seriously move oil prices. They will be released later this week, look for oil prices to stabilize under the 50 dollars per barrel level.

David Evans suggests an interesting Fixed-odds trade:

A No Touch bet on the USD/CAD for 9 days, with the trigger at $1.1945 returns 12% ROI.

Predicted opens as of 06:00 GMT

FTSE 100: 3967.7 (-17.8)
CAC 40 2952 (-14.30)
DAX 30 4474.6 (-14.7)
DOW: 7866 (+20)
SP+500 836.28 (-0.50)
Gold: $886.45 (+$1.45)
Oil: $48.70 (+$0.27)

Also see Fixed-odds trading with BetOnMarkets.

By David Evans

The above comments do not constitute investment advice. Neither BetOnMarkets nor Clean Financial accepts responsibility for any use that may be made of them.

Whilst we normally concentrate on spread betting we have often found that having a financial fixed-odds account can be a useful tool.

There are a good number of markets available, like the usual suspects of the FTSE 100, FX, Crude Oil, Gold and Equities.

Naturally the bets are structured in a slightly different way. For example there are:

One Touch Bets and No Touch Bets

A One Touch Bet wins if the market hits a specified level within the chosen time frame (often used to back a breakout from a trading range).

A No Touch Bet wins if the market does not hit a specified level within the chosen time frame (often used to back the continuation of a trading range).

Bull Bets and Bear Bets

These financial fixed-odds bets win if the market closes above or below a certain level at the end of the period. The period can last hours, days or months. Naturally these are good for taking a directional position on a market or for hedging.

You can find more details in our new Financial Fixed-Odds pages.

If you are looking to open an account, note that BetOnMarkets have got a reasonable offer at the moment:

£100 Fixed-Odds Offer

Open an account with BetOnMarkets, enter the promotional code of CF-BOM, deposit £400 and BetOnMarkets will credit your account with £100.

It is important to note that users can withdraw the £100 after placing total stakes of £2,500 on any bets (excluding Run bets and Flash bets). Terms and Conditions apply.

Click here for full Terms and Conditions > open a BetOnMarkets account.

Or see our BetOnMarkets Review.

Good Luck!

DB

The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.

£75 Tradefair New Account Offer

Open a Tradefair Spreads account, deposit £75 and place 2 non-share bets to claim a £75 credit to your Tradefair Spreads account.

See site for full terms & conditions. Accounts are subject to status. Details.

Click here to apply for a Tradefair Spreads account.

Risk Warning – Spread bets carry a high level of risk and you can lose more than your initial deposit and stake so you should only speculate with money you can afford to lose. Ensure you understand the risks and that spread betting matches your investment objectives as these products are not suitable for everyone.

Full Tradefair Spreads Terms and Conditions.

Tradefair® Spreads is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA).

The FTSE 100 currently indicates a higher open, as traders are waiting for the release of the UK producers price index.

Analysts are worried that with low interest rates inflation is going to spiral out of control. Should the PPI number indicate a spiralling inflation the BOE will be have a hard decision to make as raising interest rates would curb inflation but would hurt the struggling economy.

The FTSE will probably open the day in positive territory.

Crude oil is trading above the 50 dollars per barrel level after the inventories report showed a smaller then expected inventory gain.

Global oil demand falls to an annual low during the second quarter as refineries shut to perform maintenance after the Northern Hemisphere winter. Oil prices are likely to trading in a narrow range heading into the long weekend.

Predicted opens as of 06:00 GMT

FTSE: 3959.7 (+33.2)
CAC40 2950.20 (+30.90)
DAX30 4420.1 (+65.1)
DOW: 7917 (+86)
SP500 835.28 (+9.50)
Gold: 884.00 (+1.70)
Oil: 50.30 (+0.96)

Fixed-odds trading with BetOnMarkets.

David Evens

The above comments do not constitute investment advice. Neither BetOnMarkets nor Clean Financial accepts responsibility for any use that may be made of them.

The game of spot the 09 registration number goes on.

Apparently almost 325,000 cars were registered in March with the new 2009 moniker but I have to say that none of them seem to have been acquired in Chelmsford. In a rather light hearted attempt last weekend, as I drove into London, my wife and I attempted to spot our first new car (such is married life). Rather surprisingly even though the roads were very busy for a Sunday our, admittedly, poorly monitored game was to no avail.

Either my eyesight is even worse than I thought or there is something wrong with the registration data. In times past, to get cars off the forecourts, dealers used to ‘pre register’ cars and then sell them off as second hand with a small discount. The suspicion growing in my consciousness is that a similar trick is taking place now and that the sales data might not be a true reflection of consumer interest.

The numbers were pretty bad anyway, down some 30% YOY. However if the survey from ASDA the other day, showing over 50% of the population fearful of losing their jobs in the next six months, is correct then major ticket item expenditure is probably well down on the essential items list.

On the other hand maybe I just missed them all.

DB

The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.