Excerpt from: Spot Forex
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| November 16, 2009 | | Spread betting and contracts for differences on the U.S. dollar | Spread bets and CFDs on the spot forex market should consider that the U.S. dollar is down across the board this morning. The U.S. dollar is weaker against the yen, sterling and euro in forex trading.
One of the reasons that the greenback is having trouble this morning is to do with the fact that the risk appetite is making a tentative appearance. Global equities are higher, and U.S. stock futures indicate that the U.S. session will open higher as well. This risk trade news is especially true with regard to high beta currencies like the sterling and the euro.
The greenback is also seeing some issues, in terms of the yen, with regard to the GDP growth seen in Japan. With Japan's economy picking up and the fundamentals reasonably strong, the yen is seeing some strength in forex trading.
| Topic Tags: CFDs, contracts for differences, euro forex trading, spot forex market, spread bets, spread betting, U.S. dollar, U.S. stock futures | |
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