Excerpt from: Spot Forex
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| April 15, 2010 | | Spread bets and CFDs on the U.S. dollar | Spread betting and contracts for differences on the spot forex market should consider that the U.S. dollar is higher this morning. Greenback has the advantage today as risk appetite fades.
Yesterday's global economic rally spurred risk appetite, and that sent the U.S. dollar lower on the spot forex market. However, today the story is a little different. Initial jobless claims are up, creating concerns about the sustainability of the economic recovery.
The news has U.S. stock futures pointing to a lower open today. European markets are barely managing to hold on to gains, and the FTSE 100 is just barely above the break-even point.
If U.S. stocks can't overcome the negative sentiment today, it is likely that we will see the U.S. dollar make more gains as investors and forex traders look for safe haven investments.
| Topic Tags: CFDs, Contracts for differences, FTSE 100, jobless claims, spot forex market, spread bets, spread betting, U.S. dollar | |
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