Excerpt from: Financial Spread Betting Strategies
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| November 23, 2007 | | Favouring euro/dollar when placing spread bets | When placing spread bets, it might be a good idea to favour euro/dollar. Financial spread betting strategy should take into account the fact that even though dollar received a slight reprieve earlier today, it is unlikely to last. The Guardian reports on euro/dollar:
"We don't want to make too much out of moves in the current
trading environment," said Steve Malyon, a currency strategist
at Scotia Capital. "But we will nonetheless be watching the
1.4750 and 1.4710 levels closely in the coming days. Overall,
euro/dollar still looks poised to go higher." | | |
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