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.

March 25, 2010

U.S. Dollar Lower in Spot Forex Trading

Spread bets and CFDs on the U.S. dollar

Spread betting and contracts for differences on the spot forex market should consider that the U.S. dollar is lower today as some degree of risk appetite returns. U.S. stock futures are pointing higher, following performances by European markets on the hope that something will be done about Greece (and maybe Portugal).

Additionally, the U.S. dollar is getting some downward pressure from gold prices, which are moving higher.

Investors are also waiting to hear what Federal Reserve Chair Ben Bernanke has to say today. Other Fed members have different ideas of what to do going forward, as GFT's Kathy Lien reports in FX360:

When and how the U.S. central bank plans to remove stimulus is one of the biggest questions facing the financial markets right now and hopefully Bernanke can provide some answers. Although yesterday’s comments from Fed President Yellen suggest that she wants the Fed to keep monetary policy easy for as long as possible, comments from Fed President Hoenig this morning indicate that not everyone shares her dovish sentiment. Hoenig believes the Fed should continue implementing its exit strategy and favors changing the language on rate policy.

As a result, forex traders are interested to see which viewpoint will win out, and will be looking for clues in Bernanke's speech.

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Topic Tags:  Ben Bernanke, CFDs, contracts for differences, spot forex market, spot forex trading, spread bets, spread betting, U.S. dollar

March 23, 2010

Aussie Pulls Back in Spot Forex Trading

Spread betting and contracts for differences on the spot forex market

The Aussie appears to be pulling back in spot forex trading. Spread bets and CFDs on the Aussie should consider that it is taking a breather as uncertainty adds to some of the risk aversion surfacing.

U.S. stock futures are flat this morning, and that is adding to the uncertainty. Additionally, there are still questions in Europe about whether Greece can fix its problems. And, finally, gold remains sluggish today.

However, things could easily turn around, depending on the mood of investors as the U.S. stock market opens.

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Topic Tags:  CFDs, contracts for differences, spot forex market, spot forex trading, spread bets, spread betting, U.S. stock futures

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