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The Big Uncertainty in the end of Summer It was another edgy week for stock markets with both bulls and bears frustrated and unwilling to take on big positions. Stock Markets Endure Another Volatile Week Traders at BetOnMarkets believes that Last week’s late recovery could be a useful point to enter trades predicting the sell off will continue. A No Touch trade predicting that the FTSE 100 won’t touch 6200 at any time during the next 6 months could return 21%. Red Devils on the Loose A One Touch trade predicting that the GBP/ USD will touch $2.00 at least once during the next 16 days could return 28% in BetOnMarkets.com. UK one of 'world's worst performing betting nations' Global figures released by leading online fixed-odds trading platform BetOnMarkets.com indicate that the UK is one of the worst online financial betting nations in the world. Market Relief after tough week After a rather turbulent week markets ended on a positive note. US markets benefited from a better than expected inflation outlook, following Fridays CPI numbers. The majority of inflation increases were due directly and indirectly to energy costs, so markets were thankful for the fact that oil didnt finish the week on a new record high. Betting on success Fixed odds betting is often overlooked by investors. Given the massive growth in the overall popularity of spread betting as an investment tool in recent years, alongside the ever higher profile achieved by the general gaming industry, it is perhaps quite surprising that the traditional form of gambling -fixed-odds betting- is not more widely used. UK to follow the US? US stocks have received a slight boost as oil prices retreat and new home sales unexpectedly rose on a month on month basis. However, we shouldn't really read too much into this, as there is a margin for error in these figures and new home sales in the US are still down 42% year on year. In addition, the Case-Schiller benchmark house price index is now showing a record decline of 14%. No Room At The Shareholding Inn What do shareholders have to do to gain entry to their own AGM nowadays? Even bikini-clad shareholders at the Shell AGM at the Barbican in London today couldn’t get in, despite wanting to spread even more happiness to fellow shareholders who were intent on looking after their ever-increasing investments. Better than expected "Better than expected" could apply to many features of the market last week. Firstly, stock markets themselves have been performing better than one would expect with the constant stream of negative headlines in the media. There's a feeling that the bad news on the credit crunch is out now, and things are not as bad as feared. More than any thing, markets hate uncertainty and whether it is good news or bad, the fact that the surprises are thought to be behind us has a positive impact. Whether the bad news is really behind us is another matter. BetOnMarkets Weekly Predictions: Euro to weaken further against the US dollar The past week had the potential to be explosive. Central bank meetings in the UK and Europe had traders licking their lips with anticipation for the possible outcomes of the meetings and the potential volatility they could bring. Sadly for volatility lovers, the week came and went with little significant turbulence. Credit Crisis Worst is Over- We'll Believe It When We See It! "Sell in May" says the old stock market adage, but the bulls were in no mood for old wives' tales last week. Markets were in rally mode after the better than expected US jobs report, and news of more liquidity injections from the Federal Reserve. The hush before the storm? Following the previous week’s heavy buying, global markets again finished the week positively. However, gains were limited to around half a percent for the week with the Nasdaq and S&P 500 rising the most. What's Next..North or South! On a day when you hear about the worlds largest bank CITI Group losing $5 Billion and cutting 4,000 jobs world wide, you might expect markets to be down severely. You might also have expected the FTSE to stumble on the news that RBS is preparing a rights issue to shore up its balance sheet. However, apart from some early nervousness on Friday, the UKs benchmark index managed to close the week up 3.2%. The CAC & DAX both managed 4.3%. It's Still the Economy, Stupid The economy, stupid was a phrase widely used during Bill Clintons successful campaign against George Bush Snr. Right now, we could simplify the phase even further in relation to the prospects for the UK and US in 2008; Its the housing market, stupid. Credit Crunch To Spill over the World With a slow start to the week on the economic news front, Traders at BetOnMarkets.com forsee that there’s a reasonable chance that last week’s momentum could spill over to the start of this week. A One Touch trade predicting that the Nasdaq Composite Index will touch 2395 at any time during the next 10 days could yield 15%. At the Gate of Recession After the Easter correction it seems the Dollar collapse is back on track, and March's high of 1.5904 in the EUR/ USD exchange rate could well be breached again this week. A 'one touch' trade with BetOnMarkets.com predicting that the EUR/ USD will touch 1.5855 at any time during the next 16 days could yield 12%. Same Old Story This week saw gold touch $1,000 per troy ounce, oil trading above 110 per barrel, and the USD/JPY trading below 100 for the first time since 1995. The Yen has appreciated almost 12% against the Dollar since January 1 st of this year. Oil hits a New Record Last week was one for record books; Oil surged above $105 dollars a barrel to reach its highest level since records began. Gold fell back from previous highs, but still managed to get within $5 of the magical $1,000 level at one point. Gold is up 18% since the beginning of the year, and since bottoming out in 2001 oil has now risen over 530%. There were also record highs for the Euro, before this too retraced from its highs of the week. Yearning for the Yen The disease that has struck the dollar over the last 12 months has shown signs of spreading further. The US economy was the first to show signs of cracking with slowing growth and recession warnings; but if the Dollar was patient zero, the contagion has now spread says Michael Wright of Betonmarkets.com... Oil finally made it to US$100, what next? While the media's focus continues to be on the mortgage and credit crisis, oil has quietly been making its way back up to $100 per barrel. Oil has already passed its inflation adjusted peak of $80. If oil continues to rise, it will be more expensive that at any other time in history in real terms. Far From Being Over, Further Economic Uncertainty? To say that Wall Street has been paying close attention to the actions of the US Federal Reserve recently is an understatement to say the least. Last week was no different as the Dow Jones & Co reacted frantically to Fed attempts to stoke greater movement in moribund credit markets.... Best Fixed-Odds Financial Provider BetOnMarkets.com is pleased to announce being voted the 'Best Fixed Odds Financial Trading Provider' at this year's 2007 Shares Awards. Jean-Yves Sireau, chief executive of BetOnMarkets.com said, 'We are proud to gain this well respected, official recognition in the United Kingdom, for our excellent online trading services............ Combating Credit Cracks to Save Country From Recession Threat The Federal Reserve were busy this week, first cutting interest rates by .25% on Tuesday, and then proceeding to announce a novel approach to injecting money into the banking system.... 2007: The Final Cut - BetOnMarkets.com Housing news and interest rate decisions dominated headlines and market sentiment yet again last week. Its easy to forget that there were times when this wasn't the case.... Wall Street rallied once again - BetOnMarkets.com Wall Street resumed its rally this week after new data showed the overall economy is holding up, but isn't so strong as to prevent the Federal Reserve from cutting interest rates says Betonmarket's Michael Wright. The Dow Jones industrial average saw an increase of nearly 200 points on Wednesday.... It's the economy, stupid. “The Economy, stupid” was a sign hung in Bill Clinton's campaign headquarters to keep everybody "on message" in 1992. It was originally meant as an internal motivator, but it soon became a famous centre point for Bill Clinton’s victory against George Bush Snr. At the time Bush was accused of neglecting the domestic economy as the US went through a recession from 1988 to 1992. Bet on further Dollar weakness The economic roller coaster continues, but unfortunately sick bags will not be provided says BetOnMarkets.com's Michael Wright. Bull Markets Climb a Wall of Fear - BetOnMarkets.com After the party comes the hangover, and of course the bigger the party, the bigger the hangover. Over the last few years, financial companies have been gorging themselves on 'foolproof' credit trades, based on sub prime debt. ... Pound Sterling Plunges Against the Yen - BetOnMarkets For once it wasn’t just the Dollar that took a beating last Friday as the British pound fell sharply against the Yen, Euro, Swiss Franc and even the Greenback itself. The fall was all the more telling given the general mauling the dollar took last week against a whole host of currencies. Before Friday’s pullback the Dollar hit a 26 year low against Sterling..... The Bear Awakes Wall Street suffered yet another big drop last week, with investors worried about the spreading fallout from the credit crisis at banks, and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points on Wednesday, coincidently just about matching its post FOMC drop on Thursday November 1st says Betonmarket.com's Michael Wright..... Dollar in the Doldrums The Dollar again grabbed the headlines last week as it hit all time lows against the Euro and levels not seen in generations against the Pound & Canadian Dollar.... Factoring in the Fed - Where to now for the Dollar? Wall Street leapt higher last week after the Federal Reserve calmed investors' fears about a sinking economy, implying that risks to the financial markets from the summer's credit crises have eased, says BetOnMarkets.com's Michael Wright.... With Market Uncertainty Comes Market Volatility Last week world stock markets made a decent stab at recovering from the previous week’s rout. The strongest market was again the Nasdaq, with the new economy shrugging off the previous Friday’s wobble to finish near its highs. Interest rate rumours thrust the market higher, as whispers of another 50 base point cut did the rounds. Few people wanted to be short going into what is expected to be another obliging FOMC meeting on Wednesday.... How to trade when you don't have a clue Wall Street made a reasonable job of reassuring investors that the economy wasn't as bad as feared last week. Blue chip companies such as Apple and American Express beat earning expectations and Google continued its meteoric rise says Betonmarket's Michael Wright..... Are we revisiting the past? Last week the 20 year anniversary of the 1987 crash passed with a significantly negative close for all major stock markets... Who is the top Dollar? Last week Oil continued its ascent into record territory. Just shy of $90 per barrel the much talked about $100 per barrel isn't too far off. Strangely the price still hasn't topped too many headlines, perhaps because prices still sit below £1.00 per litre in the UK. If that dam bursts, UK consumers could be in for a shock says Betonmarket's Michael Wright..... The "new new things" Last week the bulls finally gave some ground to the bears with the US markets hitting reverse gear on Thursday after making new record highs on the day. There was no obvious reason for the reversal other than the general feeling that things were getting a little ‘frothy’. The tech sector took the brunt of the selling, just as it has been enjoying the lion’s share of the gains. The Nasdaq 100 was hard hit hard, with sellers dragging down stocks like Google and Apple from their stellar orbit.... Warning, Currency Consolidation Ahead Wall Street advanced sharply last week as investors interpreted minutes from the Federal Reserve's last meeting, as an indication that the central bank is going to keep cutting interest rates in order to boost the economy. The Dow Jones industrial average, and Standard & Poor's 500 index, reached new record highs. Leading the charge has been the high tech Nasdaq 100, with companies such as Google, Apple and RIM (Blackberry) powering to record levels... Wall street Rally...Credit Crisis Over? Last week the ECB (European central bank) and MPC (UK central bank) opted to take a ‘wait and see’ approach with interest rates. Both announced that they would be leaving interest rates on hold, preferring to see how their respective economies hold up after the summer turmoil. Many economists are expecting both to move to a loosening bias in the future, with the UK predicted to cut rates before the end of the year. Market frenzy to calm? Last week the Dow Jones poked past the psychologically important 14,000 level. However this push could falter as traders question the strength of the post summer rebound says Betonmarket's Michael Wright.... Unpredictable Economy Ahead A new low for the US dollar, and a mixed bag of economic news, gave investors few clues as to what the FOMC might do next with the interest rate. Concerns that the housing market ills could spill over into the broader economy have heightened fears of recession. More hints about the economy will be revealed in the next few weeks, as 3rd quarter earning results are going to start making their way to the market.... Consumer Confidence Falls, Home Sales Slump, Auguring Trouble for Holiday Shopping Season With the holiday shopping season approaching, crumbling consumer confidence and slumping home sales, could prove to be a bad combination for retailers and the broader economy, according to BetOnMarkets.com’s Michael Wright. The worry is that the labor market may contract further and choke off the holiday spending that retailers are waiting for... Market Rebound? Many traders will be breathing a heavy sigh of relief this week as the economic calendar lightens comparatively. The US interest rate decision weighed heavily on trading action last week. The FOMC announcement had top billing and it certainly didn’t disappoint. Many analysts were expecting a 25 base point cut, with much speculation on when the next cut would be. The 50 base point cut took many by surprise and the market reacted with typical enthusiasm..... Remember oil? There have been many activities missed by headlines writers over the last week due to the focus on the banking crisis. On any other week the rise in the price of oil would be top of the headlines says Betonmarkets.com's Michael Wright. Oil prices reached record highs for the seventh straight session last Wednesday after refineries in California and Texas said they had new outages and the government reported surprisingly large declines in oil inventories.... Credit Crunch Craze Last week the credit crunch continued to dominate headlines with banks and housing stocks being hit the hardest. The Bank of England’s Governor King alluded to the situation being akin to a ‘run on the banks’. Specifically he was referring to the situation whereby major banks are withholding funding in the asset backed commercial paper market..... Dollar Dives Low Against Euro Last week the Euro hit an all time high against the US dollar after speculation intensified that the FOMC (US equivalent of the bank of England) will cut rates to ease the credit crunch which has plagued the equity markets and lending institution world wide...

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