Forex Closed Christmas
Are we in the past?
Last week the 20th anniversary of the 1987 crash passed with a significantly negative close to all major markets stock.
A sell, but was a little far from being a repeat of that day 20 years ago that wiped 12.2% of the value of UK equities in a negotiating session. It is interesting to note that neither the 1987 or 1929 crashes led to a recession and the Dow actually ended the year after 87 accident. In fact since the time of writing the Dow Jones Industrial Average is up 700% from its 87 floor accident.
The Nasdaq was again the strongest market relatively (although that was not saying much after Friday's loss). Google again beat analyst estimates with increased revenue from acquisitions in the steam as You Tube. Currently, they handle 57% of all web searches, and that is two times more than Yahoo, their closest competitor.
Despite the strength in the new economy, the bears have many reasons to fuel sales we saw on Friday. Oil hit $ 90 a barrel for the first time Gold continues to surge and the U.S. dollar affected an all-time low against the euro. The banking sector fell hard on concerns that the credit crunch can have even more profound and enduring than feared. Bank of America said trading losses brought mainly by the credit crunch. Despite energy prices, the energy giants and oilfield service drivers who fell hard on Friday as concerns about future earnings. Its sector weightings in the main indices may have magnified the global crisis.
Two-year U.S. treasury notes recorded their biggest weekly gain since 2002 as the Operators priced at 70% of another Fed cut, while the ECB was renewed until the political pressure to relax its tightening bias.
For the moment, however, U.S. consumers in particular, can not feel the immediate pinch of record high oil prices. Mark Zandi of Moody's Economy.com (source CNBC) found that the current oil price is actually $ 11 below the inflation-adjusted high of $ 101.70. In addition, adjusting for inflation consuming spending is 3% less than in 1980, the family income of up to 42%, average house prices up to 40% and consumer prices by 1%.
So on consumers U.S. short-term may be able to weather this storm, but if this price pressure persists, along with a continuing deterioration in the housing market then the lifeblood of the U.S. economy, the consumer will eventually have to tighten their belts.
Wednesday and Thursday home sales data will help us to see how far down the line in this scenario really is. Thursday's crude inventories could have a disproportionate effect on the market in the light of current conditions market. The U.S. market can recover in the short term as the selling pressure may be a little exaggerated, but the weight of negative economic sentiment may be too much of a wall for this bull market to climb in the medium term. A difficult market to call.
The currency markets, therefore, offer the opportunity increased commercialization in the next week. With a probability of 70% of the rate cut and prices in U.S. markets and the ECB is not expected to move this side Christmas, there is the possibility of at least the dollar could stabilize next week against the euro before the next FOMC meeting later this month. According to BetOnMarkets.com traders, one touch any 2.5 cents, higher than current spot prices yield of 8% for 7 days.
– END –
Contact details:
Email: editor@my.regentmarkets.com
Phone: +44 1624 678 883
Url: Betonmarkets.com and Betonmarkets.co.uk
Address: Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
Betonmarkets.com is the main fixed odds financial betting website. The website has processed over 10 million bets since inception in 2000, and has an annual turnover U.S. $ 100 million. Betonmarkets offers a wide range of fixed odds betting on currency rates, stock indices, and international actions.
Betonmarkets is operated by the Regent Mark-ets group of companies. Regent Markets is affiliated to Regent Pacific Group, an investment group listed on Hong Kong. Regent Markets has offices in three countries, and holds gaming licenses in the Isle of Man, United Kingdom and Malta.
Financial fixed odds betting offers particular advantages over other forms of financial betting and investments, such as limited risk, potentially high payments and unique market opportunities. Especially Betonmarket popular is the range of Bethel, which offers the opportunity to benefit from a period of quiet market action.
Betonmarkets also offers the following types wagers: the Bull / Bear bet, the bet One Touch, the Touch does not bet, betting the scope and expiration Gama, twice One Touch and Double No-Touch bets, and a variety intraday bets. Contracts are available on exchange rates, major stock indexes, and stocks.
The betting odds fixed also known as binary options, binary bets, contingent claims, spot options, box options, clickoptions, and offer participants market a unique tool to take advantage of market movements.
BetOnMarkets Bet Types:
One Touch Bet: You would buy a bet one-touch, if you believe that the market will touch a given point at least once before the bet expires. In other words, one-touch pays, if at any time before maturity, the market touches or trades through the specified barrier. Example: [100 if you pay the FTSE touches X between today and date T]
No Touch Bet: A commitment not to touch the opposite of the one-touch bet. You buy a bet "no touch" if you think that the market never reaches a certain level within a range specified time. Example: [Pays 100 if the FTSE does not touch X between today and date T]
Bull Bet: You would buy a bull bet if you believe that the underlying / Index / currency pair will exceed a certain level (also known as barrier level) on the date of expiration. Example: [Pays 100 if the FTSE closes higher on X on date T]
Bear Bet: You would buy a bear bet if you believe that the underlying security / index / currency pair will be below a certain level (Also known as barrier level) on the date of expiration. Example: [100 if paid by the FTSE closes lower than the TX date]
Expiry Range Bet: You believe the market will be between two distinct levels (high and low) on the expiration date. Example: [Pays 100 if the FTSE closes between X and Y on date T]
Barrier Range Bet: You believe that the market will never touch default two barrier levels (high and low) before or on the date of the bet ends. In other words, when you buy a wide barrier that will win only if the market never touches the two barrier levels you have chosen. Example: [Pays 100 if the FTSE never touches X and Y between today and date T]
Double Touch Bet: You believe that the market will perform two predetermined barrier levels (high and low) before or on the date the bet expires. In other words, when you buy a wide barrier that will win only if the market touches both of the two barrier levels you have chosen. Example: [100 if you pay the FTSE touches both X and Y between today and date T]
Up or Down Bet: You win if the market hits one of two pre-determined barriers before or on the date of expiry of the bet. Example: [Pays 100 if the FTSE touches X or Y between today and date T]
Turn bet: a double-bet pays up to twice the premium if the market rises above a certain level between the time of purchase and closing operations. It expires at the close of business on the day of purchase of the bet. Example: [Pays 100 if the FTSE closes above X between now and the close of trading today]
Turn bet: Double Down bet pays two times the premium if the market falls below a certain level between the time of purchase and closing operations. Expires at the end of business on the day of purchase of the bet. Example: [Pays 100 if the FTSE closes below X between now and the close of trading today]
Intraday Double Up Bet: Buy this bet to play a market rise between two given hourly times the current market. You will be able to adjust the departure time of the bet and end time of the bet, and you win double your bet if the market continues its prediction. Example: [Pays 100 if the FTSE rises hours between the start time and time] expiration
Intraday Double Down Bet: Buy this bet to play a market drop between two times per hour given the current market. You will be able to adjust the departure time of the bet and the final hour of the bet, and you will win double your stake if the market continues its prediction. Example: [Pays 100 if the FTSE declines between the time and when home] expiration time
Run Bets: These bets are more fun in the space of less than a minute, so you can make money in seconds. Here, you have to guess the last decimal digit, for example, USD / JPY (predict 3rd decimal place) after 5 ticks.
About the Author
Name: Mike Wright
Address:
Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street,
Douglas, Isle of Man IM1 2AG,
British Isles.
Phone: +44 1624 678 883
Email: editor@my.regentmarkets.com
URL: http://www.betonmarkets.com & http://www.betonmarkets.co.uk
Weekly Forex and equities update – 26/11/2009