Excerpt from: Futures and Commodity News
|
 |
| July 03, 2007 | | Spread bets, CFDs and spot forex trading on major currencies | Spread bets, CFDs and spot forex trading on major currencies should consider that there are some fears abroad about the U.S. dollar. Additionally, the expected tightening for the U.K. pound and the euro are contributing to their strength on the spot forex market. Reuters offers information that could help you regarding spot forex trading:
"There are a lot of dollar-centric concerns on the subprime
market and fears that there is more to it out there," said Mitul
Kotecha, head of global foreign exchange research at Calyon. "The UK and Europe are still in the tightening cycle which
is supporting the currencies, while data in Japan indicates that
economic conditions suggest an August rate hike would be
premature with inflation continuing to be weak," Kotecha said | | |
|
|
