Excerpt from: Spot Forex
|
 |
| January 12, 2009 | | Spread bets and CFDs on interest rates | Spread betting and contracts for differences on euro rates should consider that a rate cut is expected later this week. After presenting a hawkish stance a couple of months ago, the ECB is now looking somewhat dovish.
Indeed, recent economic data suggest the the euro zone is quite a ways from recovery, and that a rate cut will be needed to help stimulate the economy.
The euro rate cut decision is expected later this week, and speculation of a cut is hampering the euro in forex trading.
| Topic Tags: CFDs, contracts for differences, euro forex trading, euro rate cut, euro zone, spread bets, spread bets interest rates, spread betting, spread betting euro rate | |
|
|
