Excerpt from: Futures and Commodity News
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| June 22, 2007 | | Spread bets, CFDs and spot forex trades | Two of the world's premier currencies are locked in tight trading on the spot forex market as economic data plays a role in determining whether the U.S. or the eurozone has the softer economy. Tight trading is expected to continue, making clear choices on spread bets, CFDs and spot forex trades difficult. Forbes reports:
'This week has seen a string of less than inspiring numbers from
both Europe and the US which are vying with each other to decide which
economy is softer,' according to GFT senior analyst Ian Copsey.
'This has resulted in tight range trading over the past few days and
appears likely to be the course of today's proceedings,' he added. | | |
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