| Please find below the Market Report from David Evans, BetOnMarkets Market Analyst. Will gold hit $1,100 today? Market report 07.00 AM GMT In the last few days, the price of gold has shot up and yesterday came within just $2.50 of hitting the $1,100 level. Gold tends to rally best when it's out of the headlines and the recent move has been no exception. After busting through $1050, gold went through a quiet patch and it appears the Central Bank of India used this opportunity to buy 200 tons of the precious metal. Will gold hit $1,100 today? You can bet on this happening here. Stock markets performed a classic 'buy the rumour/ sell the news' action yesterday with a promising pre Federal Reserve announcement rally wiped out in 30 minutes. US markets such as the Dow Jones (Wall Street) still managed to close in positive territory but not by much. Overnight, the situation has worsened with big falls in Asian markets. Traders are fearful after the Bank Of Japan confirmed that it will be ending its program to buy corporate debt. New Zealand also added to the dour mood with unemployment rates hitting a 5 year high. The FTSE 100 is expected to open around 0.8% lower. On Forex markets, the 'safe' currencies of the dollar and yen are in demand with risk taking firmly on the back foot. The yen is the strongest asset with big gains against the euro (EUR/JPY), pound (GBP/JPY) and Aussie dollar (AUD/JPY). The New Zealand dollar (NZD/USD) is the biggest faller after the poor unemployment figures. What's hot?The yen: EUR/ JPY, GBP/ JPY, USD/ JPY & AUD/ JPY. Today's big market movers are the two central bank announcements. At 12.00 we have the latest rate statement from the Bank of England's Monetary Policy committee. Rates are almost certain to remain at 0.5%, but the main interest is to do with the asset purchase facility and whether it will be continued or stopped like the Bank of Japan. At 13.30 we have a similar announcement from the European Central Bank. Again rates are likely to be left on hold at 1%, but traders will be looking for signs of confidence from Trichet and his team. Other top announcements today include Australian central bank governor Stevens speaking at 08.55, UK manufacturing at 09.30 and US unemployment claims at 13.30. In short, another busy day. Currency guide: USD: US dollar |
Thursday, November 5, 2009
BetOnMarkets.com Daily Market Report (5th November 2009)
Sunday, September 13, 2009
Earn additional income by promoting the BetOnMarkets financial betting service to your customers
Earn additional income by promoting the BetOnMarkets financial betting service to your customers
Hi everyone,
I am Karen, the Affiliate Manager of BetOnMarkets.com, the world's leading online financial betting service. We have affiliate partners from all over the world that are earning significant money by promoting our service to their customers, and we are introducing ourselves to see if you would like to join our team as well.
BetOnMarkets.com is the world's leading online financial betting service. Affiliate Program ResourcesWe have affiliate partners from all over the world that are earning significant money by promoting our service to their customers, and we are introducing ourselves to see if you would like to join our team as well.
BetOnMarkets allows anyone to bet on the world's leading currencies, stock indices, commodities and stocks. We are fully licensed and regulated and handle over 250,000 bets per month from over 100,000 clients. Bets can be placed with as little as $1, meaning that anyone with $1 and internet access can place a bet on our service. Given that, as an online or offline business/email listings/database owner, you are providing lots of customers with internet services and access, you could easily earn significant money by promoting our service to your customers.
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To apply for partnership, visit AFFILIATES.BETONMARKETS.COM and fill out the application and I will be in contact with you soon thereafter to discuss how we can start doing business together.
We welcome you to join our Affiliate Partnership Program and working together for our mutual profit.
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Monday, July 13, 2009
BetOnMarkets now servicing BetsForTraders customers
Regent Markets Group, the owner and operator of the BetOnMarkets service, is proud to announce that it has acquired the financial betting business of Trinitas Capital (IOM) Ltd., the operator of the BetsForTraders service.
From 10 July 2009, Trinitas Capital will discontinue the management of its financial betting web site, www.BetsForTraders.com. All clients will have the option to continue betting on stocks, indices, foreign exchange and commodities on www.BetOnMarkets.com.
"We are proud to have sold the business to Regent Markets. Having grown it from scratch over the last few years, the sale will provide expansion capital that will be used to fuel the group's other trading areas. Regent Markets is a first class company with a stellar management team that is licensed in our own jurisdiction. We are confident that our clients are in good hands", commented Nick Maughan, CEO of Trinitas Capital.
Jean-Yves Sireau, CEO of Regent Markets said: "We are delighted to be acquiring the business from Trinitas Capital as part of our ongoing expansion and we look forward to providing high levels of client service and fast trading times to current BetsForTraders customers." Sphere: Related Content
Wednesday, April 22, 2009
Betonmarkets.com Morning Report (23rd April 09)
23 April 2009
Please find below the Morning Report from David Evans, market analyst at
BetOnMarkets.com
The FTSE currently indicates a very weak open, as traders are organizing their portfolio ahead of tomorrows UK GDP report. Analysts are expecting a contraction of almost 2% for the first quarter. However there has been talk that the number could come much worse then that. The FTSE is likely to spend the day in the red.
Crude oil is currently trading around the 48 dollars per barrel mark after the risk of widening bank losses dragged U.S. equities and other commodities lower. Oil's two-day climb stalled after lenders including Wells Fargo & Co. said credit markets haven't recovered yet. Adding to the weak crude price is the report from U.S. regarding the oil inventory which rose for a seventh week to its highest level since September 1990.
Trade Of The Day
Predicted opens as of 06:00 GMT:
FTSE: 3978.8 (-46.5)
CAC40: 2971.40 (-40.40)
DAX30: 4528.2 (-62.1)
DOW: 7839 (-43)
SP500: 837.08 (-2.00)
GOLD: 892.00 (+2.25)
OIL: 48.51 (-0.34)
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Thursday, March 19, 2009
Betonmarkets.com Morning Report (19th March 2009)
The FTSE is currently indicating a strong open, as traders are hopeful that the latest global equity rally continues. With almost no economic data for the rest of the week, it seems like FTSE sail along the other markets, and finish the week of on a strong note. We could see the index gain more then two percent today.
Crude oil is currently trading just under the 50 dollars per barrel mark, after the U.S. Federal Reserve announced debt purchases aimed at lowering consumer borrowing costs and ending the recession, prompting gains in equities and a drop in the dollar. With an improved outlook on the economy, it is possible for oil prices to test the 55 dollars level next week.
Predicted opens as of 06:00 GMT:
FTSE: 3839.8 (+38.5)
CAC40 2786.40 (+30.10)
DAX30 4018.4 (+31.6)
DOW: 7442 (-40)
SP500 789.23 (-5.75)
Gold: 930.95 (-15.35)
Oil: 49.85 (+0.98)
Log in to your account now at www.BetOnMarkets.com and take a look at all the ways you can profit from the markets. Sphere: Related Content
Monday, March 16, 2009
Betonmarkets.com Morning Report (16th March 2009)
The FTSE is currently indicating a higher opening, as traders are impressed with the latest Rightmove house prices. While analysts were expecting a drop of 9.1%, data showed that the UK house prices were down only 9%. While this is not a big difference, traders are looking for any hints of a turnaround in the economy. The FTSE is likely to start the week on a positive foot.
Oil prices are down sharply, after OPEC decided against an output cut at their latest meeting over the weekend. They were mainly concerned that a fourth cut since September risked increasing energy costs during the worst global economy in six decades. Look for prices to fall even further, as traders sell the inventory they amassed last week in the hopes that a production cut would push the price of oil past the 50 dollar mark.
Predicted opens as of 06:00 GMT
FTSE: 3778.7 (+18.2)
CAC40 2724.10 (+21.10)
DAX30 3973.7 (+20.7)
DOW: 7183 (-35)
SP500 752.26 (-6.50)
Gold: 925.75 (-2.25)
Oil: 44.43 (-1.69)
Contacts: editor@regentmarkets.com
BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from ??1 to ??25,000. Sphere: Related Content
Will the bear market continue to reign? (BetOnMarkets)
Last week, General Electric had its credit rating cut, but this has been largely telegraphed over the last few months, and the cut appears to be less than initially feared. This coupled with signs of stability in US retail sales pushed markets higher.
The euro enjoyed a strong week against the dollar and pound, pushing sterling to its lowest levels since 2008. UK gilts endured a volatile week as the Bank of England turned on the printing press. Currency markets are taking the view that UK PLC has a rather large hole it its pocket, a hole which is getting larger as the global crisis develops. The weak pound isn’t bad news for all British companies though, with BP benefitting from a stronger dollar and higher oil prices, and rising strongly. Oil closed the trading week with a slight gain, but this could all change with Sunday’s OPEC meeting.
Financials enjoyed a positive week, with the insurer Standard life and HSBC among the standout performers. One of the catalysts was the Citigroup profit outlook, which indicated that the company is set for its best quarter since it last made a profit in 2007. The stock rose 75% on the news, and helped push up other financials in the process. Despite last week’s rally, Citigroup is still in the realms of being a penny stock.
Whether this turns out to be a bear market rally, or a true reversal point, remains to be seen. Since October 2007 there have been eight 5% plus days on the S&P 500. Excluding Tuesday’s blast off, in all the previous instances the rallies were short lived, and the sellers took control once more. Last week the IMF warned of a great recession, and Meredith Whitney sage of the credit crunch, is warning that credit cards will be the next financial crisis to break.
This week’s highlights include the release of the last MPC meeting minutes on Wednesday morning, and the FOMC statement in the evening. There is also a raft of inflation data with US PPI on Tuesday, and CPI on Thursday. Fed chairman Ben Bernanke, finishes off the trading week with a speech on Friday afternoon.
While it is unlikely that the bears have been forced into hibernation for good, last week’s rally was a promising change of sentiment. A no touch trade predicting that the S&P 500 won’t revisit the lows of 660 in the next 60 days could return 44% at BetOnMarkets.
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Thursday, March 12, 2009
Betonmarkets.com Morning Report (13th Mar 09)
Crude oil is currently trading around the $47 a barrel level, set for a fourth week of gains, as OPEC prepares to meet this weekend to consider a fourth cut in output. The global oil market is oversupplied and OPEC will lower output if needed. U.S. crude stockpiles rose last week amid a 3.5 percent drop in demand, the Energy Department reported on March 11. Oil prices are likely to test the 50 dollar level with in the next couple of days.
Predicted opens as of 06:00 GMT
FTSE: 3772.1 (+60.8)
CAC40 2737.60 (+47.30)
DAX30 3992 (+42.50)
DOW: 7164 (+2)
SP500 751.23 (-0.37)
Gold: 924.75 (-1.00)
Oil: 46.72 (-0.18)
Contacts:
Dave Evans: 0208 977 8381/Dave@regentmarkets.com
MichaelWright: 00 356 21316105/Michael@regentmarkets.com
BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from gbp1 to gbp25,000.
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