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Forbes Best of teh WebLive ChatBlogForumsFinancial Chat is home to the Internet's most sophisticated and active real-time trading forums. In our forums, we have some of the world's finest traders with us daily, willing to share information in real time, as well as educate and assist you in your trading.Real traders trading US and foreign markets, posting real-time trades, and giving real-time market commentary. We believe that disseminating information as widely as possible benefits everyone, and access to information is essential for successful trading.

ES hourly

By Z - Posted on August 29th, 2008 ES.PNGES.PNGHaving broken out through the descending trendline ES is now going to test it from the upper side. This scenario will create the Right Shoulder of the reverse head-n-shoulders pattern with neckline around 1305. Z's blogLogin or register to post comments1 attachment

BetOnMarkets Morning Report

By Erik - Posted on August 29th, 2008 The FTSE currently indicates a flat open, as there is no economic data to help the traders determine where the FTSE is headed next. Today's trading could be influenced by the data that is released in Europe and US, especially the European consumer confidence report. Look for a quiet day, as most traders are going to be taking off early to enjoy the last weekend of summer. Erik's blogLogin or register to post commentsRead more

BetOnMarkets Morning Report

By Erik - Posted on August 28th, 2008 The FTSE currently indicates a flat open, as yet again traders will be looking towards the US economy for guidance of the equity market. Today the US department of commerce will be releasing the US 2nd quarter GDP numbers. Economists are expecting a growth of 1%. If the numbers stay positive, this will be a clear indication that the economy is on the verge of recovery. Erik's blogLogin or register to post commentsRead more

BetOnMarkets Afternoon Report

By Erik - Posted on August 26th, 2008 European markets opened on the back foot, this morning due to the sustained sell off on Wall Street last night. The FTSE has struggled to catch up after the Bank Holiday day off and judging by the volume of today’s trading activity, many traders may have taken the chance for an extended holiday.   Erik's blog1 commentRead more

BetOnMarkets Afternoon Report

By Erik - Posted on August 21st, 2008 Markets are on edge with both bulls and bears frustrated and unwilling to take on big positions. There are two big unknowns, the first is the continuing political crisis between Russia and NATO countries. The focus has now shifted from Georgia to the proposed missile defence battery to be located in Poland. The longer this goes on without constructive dialogue from either party, the more nervous investors become. As testament to investors growing unease, oil prices have finally started to move higher, a significant development considering the recent ambivalence seen in crude prices. Erik's blogLogin or register to post commentsRead more

BetOnMarkets Morning Report

By Erik - Posted on August 21st, 2008 The FTSE is currently indicating a lower opening as traders await the release of the UK retail sales numbers. While economists are expecting a contraction of 0.2%, traders are hedging in case the numbers come out worse then expected. Should this happen, the FTSE could open 1% lower. Erik's blogLogin or register to post commentsRead more

BetOnMarkets Morning Update

By Erik - Posted on August 14th, 2008 The FTSE is currently indicating a higher open as traders are anticipating that the economic news from its main trading partner, European Union, comes out better then expected. Today around the same time the FTSE opens for trade, the European Union will be releasing its GDP results for the 2nd quarter. Analysts are excepting for a contraction of 0.2%, however we have heard rumours that there is a chance that the number will come out much higher. Should this happen we could see the FTSE close up more then 100 points Erik's blogLogin or register to post commentsRead more

BetOnMarkets Afternoon Update

By Erik - Posted on August 13th, 2008 The FTSE is down around 1%, but the real loser today is UK PLC. The pound is crashing as various factors come to a head. Up until July, the US Dollar was the currency the world loved to hate, now it’s sterling’s turn to be punished. Today’s Bank Of England inflation report was more dovish than expected, opening the doors to possible interest rate cuts before the year is out. This coupled with a housing market that has fallen through the roof has pushed Sterling down 1.11% against the Euro, 1.3% against the Dollar and 1.84% against the Yen today alone.   Erik's blogLogin or register to post commentsRead more

BetOnMarkets Morning Update

By Erik - Posted on August 13th, 2008 The FTSE is currently indicating a weaker open as traders are waiting for the release of the UK employment numbers. Some analysts are expecting for an increase in the unemployment rate, which will give more reason for the BOE to cut the interest rate at the next meeting. We feel that the unemployment rate will be even worse then expected, and if it happens look for the FTSE to open almost 1% weaker.  Erik's blogLogin or register to post commentsRead more

BetOnMarkets Afternoon Update

By Erik - Posted on August 12th, 2008 With the conflict in Georgia seemingly reaching an impasse, financial markets have reacted with the same general disinterest they showed at the start of the conflict. Although the pipeline that crosses Georgia only accounts for around 1% global energy flow, the lack of buying interest in oil is telling. Gold too, is normally seen as a safe haven in times of conflict, but the precious metal is now just $20 or so from being in official bear market territory. Erik's blogLogin or register to post commentsRead more 12345678next ›last » Syndicate content

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