Press Release Summary = Traders at BetOnMarkets are betting heavily on the SPX, speculating that it will not hit 1510 for at least next week given its current level of 1518.11.
Press Release Body = This stance is caused by an increase in US consumer confidence, more takeovers in the US, and confidence that US fuel supplies will be able to meet summer demand after Nigerian oil workers ended a strike. All of these factors will certainly lift up the SPX index.
FX traders at BetOnMarkets have also been wagering a significant amount on the EUR-GBP, speculating that it will stay in the range from 0.67 to 0.685. The Euro, the 13 Nations currency, and Sterling are likely to stay in the range because the Bank of England is likely to increase the interest rate to strengthen Sterling and curb inflation, and since the Euro rate is growing faster than its potential growth rate, the EUR-GBP should stay in range for at least the next week.
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Contact Details = Regent Markets (Malta) Limited 22 Airways House, Suite 6 Tower Road Msida MSD06 Malta
2012
