InterTrader.com launch the first ever Spread Betting app for iPad

InterTrader.com has launched the first ever financial spread betting app for the iPad, along with an app for the iPhone, both of which enable traders to keep on top of market movements, news and events on the move. The unique feature rich app for the iPad can be downloaded directly from the App Store - http://itunes.apple.com/gb/app/intertrader/id416981265

InterTrader’s purpose-built app for the iPad exploits the larger screen offered by the iPad. It enables users to switch easily between both landscape and portrait views and supports high resolution graphics, fast and easy to use navigation and one-click trading functionality.

Shai Heffetz, Head of Financial Spread Betting and CFD at InterTrader, commented:
“We work from the premise that ‘time is money’ and our app® for the iPad makes it easier and quicker for InterTrader customers to react to breaking news and events when on the move. This is from InterTrader following the recent launch of TradeBack™, a cash back loyalty programme for spread betting. With low margin rates, tight spreads and Tradeback™ our customers can now use the apps for both the iPad and iPhones to make the most of their capital in the global markets.”  

Using InterTrader’s iPad / iPhone app:
Traders can access the InterTrader Markets menu from the main navigation panel at the bottom of the screen. This will bring up quick links to the markets offered, grouped into each specific type of market: indices, shares, foreign exchange, commodities and bonds/interest rates.

There is also a quick link to the list of the most popular markets. Users can browse through any of these groups of markets by scrolling through the list.
The Search facility will help find markets that are not listed in these groups. To open the search screen users tap the magnifying glass icon at the top of the screen, then enter the name of the market they’re looking for.

Trading Patterns webinar with Tom Hougaard, 5th May 2011

In this 90min webinar professional trader Tom Hougaard from WhichWayToday.com and TraderTom.com will explain in great details the trading patterns he wrote about in the 16 articles published on CityAm newspaper. He will go through each of the patterns he described in his popular articles and show chart examples and describe the setups in great detail.
Tom Hougaard spent 8 years in the City, where he became an extremely familiar and popular guest on Bloomberg, CNBC, CNN and BBC. Since 2009 he has traded solely for himself and is running a live trading room where people interested in learning to trade in a live environment can hear where Tom is buying and shorting in real-time.
Join Tom on the live webinar on Thursday 5th May at 19.00 London time.  Webinar lasts 90 minutes.
Register here https://intertrader.omnovia.com/webcasts

All’s well that ends well – Europe Interest rates and the US Job numbers

Dean Peters-Wright

Senior Analyst

fxKnight.com

The European central bank is expected to raise interest rates this week in an effort to fight the rising inflation causing panic within governments. It is expected to be raised by 25 basis points, the first time the ECB has changed the rates since May 2009. In an attempt to curb the rocketing prices which has caused global inflation, the effects will be felt in different ways across different countries. Pressure on Portugal, Spain, Greece and Ireland as they struggle with liquidity issues may result in further complications in the regions financial systems. Spanish banks are exposed to Portugal’s banking system and liquidity problems in Portugal could inadvertently cause a credit run on the Spanish markets. This in itself would not cause the case for Portugal to accept a bailout, but it will make it harder not to.

An interest rate hike will most likely cause further strengthening of the euro against most other currencies. Whilst this is good for production that use overseas materials and suppliers, this will also will put pressure on exporters and those economies that gain a substantial percentage of their GDP through tourism from visitors outside the single currency zone. If however the perceived danger to the smaller weaker economies outweighs the benefits of fighting inflation, there could be a sell off the euro as confidence decreases in the regions stability.

The US had a surge in the dollar when the non farm payroll figures were disclosed and the unemployment rate fell to 8.8%. Whilst the most powerful economy in the world celebrated along with all of its trading partners that have generally relied on the US being the engine driving world economic growth, it did highlight just how far the recovery has to go as prior to 2008 the US unemployment rate was under 5%.

The EUR/ USD has once again reached a key resistant point at 1.4234 where the euro sold off heavily before. If however the buying pressure breaks through this key level then we could be seeing new highs gained against the dollar with an ultimate target of 1.4790. Further long targets to watch for are 1.4427 and 1.4680 where key buying and selling levels have taken place through 2009.

IF the EUR/ USD retreats then 1.4037, 1.3887 and 1.3725 are significant support levels from before. 

The contents of this report are for information purposes only. It is not intended as a recommendation to trade.  InterTrader  do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Technical Analysis of the FTSE100

For readers who are not familiar with the term FTSE100 – it is simply an index of the 100 largest companies on the London Stock Exchange.  The index is maintained and owned jointly by the Financial Times and the London Stock Exchange.

The index came into being on the 1^st of January 1984 with a base value of 1,000.  It reached a record level of 6950.6 on the 30^th of December 1999.  The financial crisis of 2007 – 2010 saw it drop dramatically to 3,500.  Since then it has recovered to a large extent, reaching a high of 6,091.33 on the 8th February 2011.

Analysis

If one looks at the price of the FTSE100 in relation to the Ichimoku Kinko Hyo cloud in Fig. 3.29, it clearly shows that the market is currently in a declining phase.  The price is well below the cloud, which indicates that a long position at the present moment cannot be recommended.

The green Chinkou Span line is also well below the price, which supports the signal given by the Ichimoku cloud.

The Index started trading below the cloud after the earthquake/tsunami disaster in Japan and closed at a low of 5552.50 on the 16^th of March.  Since then it has recovered significantly, but during the last few days it has started drifting sideways with no clear direction being evident.

If the market should recover and break through the upper level Senkou Span A line of the cloud, this could indicate that the previous bull market has been restored and that we can expect further price increases.

A drop below the blue Kijun Sen line will, however, be a signal that the downward movement has gained momentum and in that case traders should look at a short position to cash in on a potentially significant price drop.

The contents of this report are for information purposes only. It is not intended as a recommendation to trade.  InterTrader  do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.