Spot Forex | Analysis, news and commentary on forex trading. Read daily information on the world's largest financial market. Follow changes in the currency market that assist in forex trading decisions. | |
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| | September 01, 2010 | | Spread bets and CFDs on currencies | The euro is heading higher in spot forex trading today, thanks to enthusiasm over the latest news out of China. The euro zone is shrugging off the weak retail sales data out of Germany, and instead focusing on signs that China might be picking up the pace again.
With concerns about economic recovery so prevalent, the news that China might be ready to grow some more is good news. It helps to reduce the disappointment over slow U.S. economic recovery.
The euro zone has also seen some solid growth recently, in spite of the most recent numbers out of Germany and the euro zone employment data, and spread betting and contracts for differences should consider that is also providing some support for the euro in forex trading.
| Topic Tags: CFDs, contracts for differences, currencies, euro forex trading, spot forex trading, spread bets, spread betting | |
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