latest news from uk stockmarket, company news articles, share charts, share trades info and commentary on latest share prices
Home Page

CFD trading & spread betting can result in losses that exceed initial deposit.



Stock Trading

TD Waterhouse

Regulatory News

News Categories

Stockmarket Reports
Director Dealings
Company Reports
Stockmarket Trading
Newspaper Share Tips
Broker Recommendations

Blog Comments List


Morning Forex Report : Markets in the red after US afternoon slump

Morning Forex Report : Markets in the red after US afternoon slump

07/07/2010 by about : Forex Trading - 0 Comments - 403 words

A market report by : Betonmarkets Market update: 06.30 GMT

US stock markets broke their seven day losing streak last night with the Dow Jones closing up 0.6% on the day. Although this seems a positive move on the face of it, the strength of the bears in the US afternoon session is noteworthy. The Dow Jones gave up 100 points into the close as buyers were unable to hang on to the early enthusiasm.

This is best seen on the Nasdaq 100, which managed to close above Monday's close, but the bears still managed to push the market lower below the open for a record 11th session in a row.

Click To View Full-size image

Markets are still jittery about the strength of the global recovery. Will the UK or US economy lurch back into recession? Or will we have the best case scenario of below trend growth?

There are concerns surrounding Europe still, particularly Spain and Greece. Germany appears to be struggling through economically, especially thanks to the weaker euro, but investors are still unnerved by the unknowns surrounding German and French banks (not to mention the Spanish regional banks).

As Der Speigel reports, the forthcoming European bank stress tests are aimed at reassuring markets, but this could have the opposite effect and torpedo confidence. Make the tests too easy and no-one will pay attention to the results, make them too stringent and it could erode confidence in the recovery.

With so many unknowns still out there, it's not surprising that the bears were able to take 100 points off the Dow's gains yesterday. The big test will be whether markets can build on yesterday for the rest of the week.

Forex markets

This morning we're back to 'risk off' mode as the late US session negativity spills over into the morning session. The main victims are the Aussie dollar and euro, though in neither case has the morning's sell off come close to erasing yesterday's gains.

Click To View Full-size image

This article and trading idea is supplied/ written by Betonmarkets


Trade Now at .......


Charts and related articles

To generate a share chart, get latest shares trades data or search for earlier articles, copy company name to clip board and CLICK HERE ! provides interest articles compiled from news releases already in the public domain. Articles are abbriviated news alerts or abstracts mostly originating from RNS news releases made in the week of posting. Investors are reminded to source original news releases, verify news and carry out own research before making investment decisions.

Add a comment



Security key:


Other recent articles within category

Markets quiet ahead of US employment & non farm payroll figures at 13.30

Morning Forex Report: Wild swings on the Yen

Commodities news : oil down, gold and silver prices up on US jobs data

Morning Forex Report : Markets in the red after US afternoon slump

Morning Forex Report : Commodity currencies on the rebound

Morning Forex Report : Non Farm Payroll breakout trade idea.

Morning Forex Report : Big day ahead for forex markets

Stock trading articles - How does fixed-odds market betting work.


Search Again

Stockmarket This Week

All rights reserved latest news from uk stockmarket, company news articles, share charts, shares trades info and commentary on latest shares prices    © Site Terms and Conditions apply. Based in London. UK