Betfair Official Blog

Printers at the Ready - a collectors' item! Its 4 years until the next 29th Feb Daily View

Daily View - 29th February...

Today we are looking at further opening falls, with early trading at 5945-5946 another 15 points lower. The volumes on the exchanges remain weak, and this is causing such heavy moves as market makers swiftly adjust prices on size.

Sellers of the Euro believing that the 1.50 level vs the Dollar was a good point to set up shorts, were rudely awakened by the continued move higher. We are now at 1.5226-1.5228 (yet another all time high) and bears are being squeezed.

Gold hit a new high (yawn) as did Oil, Coffee, Silver etc etc etc..... the hunt for secure delivery seems to be hotting up. At some point the elastic band will probably hit a critical point and the whole edifice will snap back, but trying to call the top is a mugs' game.