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Spreadex Market Update

Wednesday, June 20, 2012 - Afternoon Market Update

Global markets continued their rally this afternoon as traders once again flirted with the possibility of an announcement of further economic stimulus during the US FOMC decision due later today. In the meantime, traders basked in the announcement today that Greece has finally formed a collation government and thus can now take organised steps to tackle their calamitous debt levels.

However, before traders completely recline in the euphoria of the potential for further economic stimulus within the US as well as the perceived happy ending to the Eurozone debt crisis with the newly installed Greek government, there are still economic problems on the global horizon. Traders have been deluded, often by themselves, in the past over hopes that a further round of economic stimulus within the US was ever actually on the menu during recent US policy decisions. Furthermore, with Spanish 10-year bonds still hovering dangerously close to the 7% level, spread betting traders would do well to remind themselves that headline trading will not be enough to stabilise global markets in the long-term.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.

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