Excerpt from: Spot Forex
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| June 07, 2010 | | Spread betting and contracts for differences on the spot forex market | Last week, comments by Hungarian leaders led speculation that Hungary could be the next Greece. With yet another European country on the verge of fiscal disaster, the euro sank below the $1.20 level in spot forex trading last week.
Today, the euro showed some signs of stability on the spot forex market as Hungary began backpedaling on its earlier comments.
However, spread bets and CFDs on the euro in forex trading should consider that, even so, the euro isn't really making a great deal of progress. The slide might have been arrested, but EUR/USD still remains below $1.20, and it will take a lot more than a little backtracking by Hungary for forex traders to regain confidence in the euro.
| Topic Tags: CFDs, contracts for differences, euro forex trading, spot forex market, spot forex trading, spread bets, spread betting | |
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