Excerpt from: Financial Spread Betting Strategies
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| August 15, 2007 | | Financial spread betting strategy and the currency market | Placing spread bets on the U.S. dollar could get interesting in the coming weeks. Financial spread betting strategy on the currency market should consider that the U.S. dollar is expected to rebound. U.S. economic data is showing that the economy overall is not doing as badly as feared, and the Fed is unlikely to cut interest rates any time soon. All of this bodes well for the U.S. dollar, according to Forbes:
GFT senior financial analyst Ian Copsey said the dollar has found its
lows against the euro, sterling and Australian dollar and is set to
track back up over the balance of the year, as recent data shows the US
economy is not in as bad shape as previously feared. In addition the
Federal Reserve remains concerned about inflationary pressure
suggesting any possibility of a rate cut remains firmly on the back
burner for now. | | |
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