Excerpt from: Financial Spread Betting Strategies
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| November 02, 2007 | | Canadian dollar receives support from expanding economy | Placing spread bets on the Canadian dollar, and on other currencies, should consider economic data. When formulating financial spread betting strategy, economic data can provide useful clues as to where various markets may be headed. When placing spread bes on the Canadian dollar, this information from Bloomberg might prove helpful:
A strengthening job sector and rising wages may give the
central bank more reason to keep interest rates on hold, while
the U.S. economy, which consumes more than 75 percent of the
nation's exports, suffers from a housing recession. | | |
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