Spread Bets on the Euro in Forex Trading

247119 Resource 133532 120646 120646 1260885898426 1260885898426 Controlled Austrian Banking Sends Shockwaves Through the Euro Zone

Spread bets and CFDs on the euro in forex trading

Spread betting and contracts for differences on the spot forex market should consider that the euro is faltering right now. News out of the euro zone is showing that Austrian banks are deteriorating, and that is causing some uncertainty. So far, Carinthian Hypo Alpe Adria Bank AG has been nationalized, and speculation swirls about the fate of Oesterreichische Volksbanken AG. With concerns about Austrian banking as the next focus of the credit crisis, it is little surprise that the euro is heading lower today. GFT's Boris Schlossberg reports in FX360 on the <a href="http://www.fx360.com/commentary/boris/2477/euro-under-assault-as-austrian-banks-crumble.aspx?aid=5704" target="_blank" title="euro forex trading, spot forex market, spread bets, CFDs, Boris Schlossberg, FX360, spread betting, contracts for differences, Austrian banking">euro in forex trading</a>: <blockquote> The euro tumbled below the 1.4600 level for the first time since October 5th as the single currency suddenly became a toxic asset of its own, with traders loathe to buy it until further clarity in Austrian banking sector can be established. The unit has now come off more than 500 points from its yearly highs as concerns over the fiscal integrity of the European financial sector along with better than expected US economic data have markedly changed the dynamic in the FX market in favor of the dollar. </blockquote> It is clear that the dollar remains the most stable currency in the world, especially with the <a href="http://forex.gftforex.com/public/item/247065" target="_blank" title="euro forex trading, spot forex market, spread bets, CFDs, Boris Schlossberg, FX360, spread betting, contracts for differences, Austrian banking">U.S. economy stabilising</a>, and that the recent favour the euro has been receiving is quickly evaporating. 9 application/xml false Austrian banking Boris Schlossberg CFDs contracts for differences euro forex trading FX360 spot forex market spread bets spread betting Spread Bets on the Euro in Forex Trading Spread betting on the spot forex market http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.5) Gecko/20091102 Firefox/3.5.5 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133532 blog blogsite/GFTUK/web