Excerpt from: Spread Betting North American Financial Markets
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| May 04, 2007 | | Spread betting on U.S. markets | Even though the U.S. dollar has been struggling a bit, much of the economic data is acceptable, and delaying interest rate cuts by the Federal Reserve. Spread bets and CFDs on U.S. markets should consider the following from Reuters:
"The market's been surprised by a bounce back and the
resilience of U.S. data," said Adrian Hughes, currency
strategist at Societe Generale. "The door (for a rate cut) is ajar, not fully open. We have
to take some data to walk through that door to go into a rate
cut. We are still waiting in front of the door." | | |
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