Excerpt from: Financial Spread Betting Strategies
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| July 18, 2007 | | Placing spread bets on the U.S. dollar | Spread bets should short the U.S. dollar today, as the greenback is expected to continue its weakness. Financial spread betting strategy concerning the U.S. dollar should consider that subprime lending issues continue to weigh on the market, and that Federal Reserve is unlikely to raise interest rates. Placing spread bets should consider infromation from the International Herald Tribune:
"Many players appear concerned about whether the subprime loan woes
will dampen hopes for rising U.S. interest rates boosted by recent high
energy prices," said Hiroshi Imaizumi, a senior dealer at Resona Bank.
Unless good news for the dollar emerges, the currency "will remain under great disadvantage," he said. | | |
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