Excerpt from: Spot Forex
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| July 26, 2010 | | Spread bets and CFDs on spot forex trading | The Japanese yen is gaining on the spot forex market today, in an interesting response to the small amount of risk aversion remaining in the midst of cautious risk appetite.
Spread betting and contracts for differences on the Japanese yen should consider that U.S. stock futures are lower today, and that is weighing on risk appetite -- even though the euro and the pound are both higher against the U.S. dollar.
Indeed, concern that the economic recovery across the world is slowing (especially in the U.S.) is outweighing a number of other considerations, including the good earnings season in the U.S. and the fact the European stress tests are largely positive.
As a result of some of this caution, the Japanese yen is a little bit higher in spot forex trading as some investors look for a safe haven.
| Topic Tags: CFDs, contracts for differences, Japanese yen, spot forex market, spot forex trading, spread bets, spread betting | |
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