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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| | July 15, 2010 | | Spread betting and contracts for differences on the euro in forex trading | Spread bets and CFDs on the spot forex market should consider that the euro is gaining strength as fears about sovereign debt are assuaged.
The Spanish bond auction earlier is allaying fears that financing Southern European debt will be difficult. Demand appears to be strong, and that is going a long way toward increasing the optimism in that region. European stocks are gaining.
The euro is moving higher in forex trading, heading through the $1.28 level against the U.S. dollar. Also gaining against the greenback is the sterling, which has made it through the $1.53 level. With fundamentals becoming a focus again for the U.S. dollar, and concerns fading, it is little surprise that dollar weakness is beginning to show.
| Topic Tags: CFDs, contracts for differences, euro forex trading, forex trading, spot forex market, spread bets, spread betting | |
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