Excerpt from: Spot Forex
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| May 17, 2010 | | Spread betting and contracts for differences on the spot forex market | The euro is in the process of collapsing in forex trading today. Spread bets and CFDs on the euro in spot forex trading should consider the implications of the problems besetting the euro zone right now.
With sovereign debt concerns weighing on the euro zone, it is little surprise that the euro is falling to four-year lows. Indeed, the euro is well below the 1.25 mark against the U.S. dollar. With debt concerns plaguing euro zone member states, and concerns about mounting debt for the European Union, it is little surprise that traders are fleeing the euro in spot forex trading.
Until the situation can get under control, the U.S. dollar is likely to retain its strength against the euro in forex trading.
| Topic Tags: CFDs, contracts for differences, euro forex trading, spot forex market, spread bets, spread betting | |
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