EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks

EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks

The forex markets remain optimistic that the talks between bond holders of Greek debt and the authorities will reach an agreement, even though expectations had been that the talks would have concluded by now.

The deadline continues to be pushed back and investors remain none the wiser as to how much of a haircut will have to be taken in order to avoid a Greek default towards the end of March.

The financial spread betting markets remain surprisingly strong considering the risks involved and if a big haircut is agreed then what will Ireland and Portugal think?

They and other European states will hardly feel delighted that Greece has managed to negotiate half of its debts away while the others will have to pay up.

If the first domino falls then others could follow if they feel an agreement to restructure their debt can be made whilst remaining in the Eurozone.

But whilst the doomsayers continue to lambast the European project and its leaders, the risk appetite seems to be increasing with the UK 100 marking new highs for the year.

Greece’s creditors have said they have reached their limit as regards the concessions on what the country owes them.

Some will have to accept as much as a 70% write down on their assets in exchange for something else that will pay them as little as 3 or 4% over three decades. Of course this is a paltry amount when you consider where Greece’s 10 year bond yield is currently at.

This can hardly be called the last chance saloon, because we’ve seen this too many times before, but if the bond holders are no longer going to budge, then it’s either acceptance or default for Greece.

Despite seeing strong gains on the FX spread betting markets last week, the single currency saw some weakness later on as the focus switched back to Greece.

The Greek attempts to write down 50% of their debt weren't looking good going into the weekend. However, whilst the creditors' offer this morning may not go as far the Greeks would like, it has encouraged forex traders to buy the single European currency.

The EUR/USD spread betting market is currently trading higher at $1.2940 and we could see this bear market squeeze continue further if the momentum lasts.

Forex Spread Betting News

For the latest forex spread betting news, please also see:

Forex Spread Betting News

» Forex Spread Betting News

» Forex Trading Review

» Forex Technical Analysis

» Mid-Morning Trading Update

» Closing Market Commentary

Under no circumstances are the comments and the information provided herein to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice.

Neither CleanFinancial.com nor Financial Spreads or any contributing author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read Financial Spreads review.

US Stocks Spread Betting: Dow Jones Surges as President Obama is Re-Elected, updated 07-Nov-12
President Obama has been re-elected and given another four years to complete his vision of change. The Dow Jones rallied 130 points as US stocks came to terms with...read article: US Stocks Spread Betting: Dow Jones Surges as President Obama is Re-Elected.

Indices Spread Betting Markets May Fall if Romney Wins US Presidential Election, updated 15-Oct-12
A new President would throw up all sorts of questions but, most importantly for the indices spread betting markets, what would Romney do to prevent a US recession? The Republicans have plans to replace Ben Bernanke and...read article: Indices Spread Betting Markets May Fall if Romney Wins US Presidential Election.

Online Spread Betting Investors Remain Unconvinced Despite Leaked ECB Bond Purchases Plan, updated 06-Sep-12
All eyes will be on the ECB today, but leaks from the central bank have already suggested that they will carry out unlimited 3 year bond purchases. Unfortunately, online spread betting investors remain...read article: Online Spread Betting Investors Remain Unconvinced Despite Leaked ECB Bond Purchases Plan.

Spread Betting Investors Sell the FTSE 100 as Poor UK Tax Income Encourages Pessimism, updated 24-Aug-12
FinancialSpreads' spread betting account holders remain heavily short of the FTSE 100, and so the retail expectation is obviously that more disappointment is on the way. The lower-than-expected tax take for...read article: Spread Betting Investors Sell the FTSE 100 as Poor UK Tax Income Encourages Pessimism.

FTSE 100 Futures Fall as UK Borrowing Figures Surprise to the Upside, updated 22-Aug-12
News of the rising UK borrowing figures saw the FTSE 100 reject the resistance at 5875/85 yesterday. Whilst the rest of the economy struggles, cuts costs and makes sacrifices, the public sector...read article: FTSE 100 Futures Fall as UK Borrowing Figures Surprise to the Upside.

Shares Spread Trading: Standard Chartered Rises on $350m Settlement for Iranian Trades, updated 15-Aug-12
Standard Chartered have agreed a 'payment' to regulators of $340m in settlement of the US's ever widening legal umbrella. As a result, their share price is seeing a bounce this morning but, in the US, it is never a case of ...read article: Shares Spread Trading: Standard Chartered Rises on $350m Settlement for Iranian Trades.

UK Shares Spread Betting: Standard Chartered Plummets on Iranian Money Laundering Allegations, updated 07-Aug-12
We are seeing bad news for banks once again as the daggers are out for Standard Chartered, with US regulators making money laundering allegations. The stock is being absolutely smashed this morning, down nearly ...read article: UK Shares Spread Betting: Standard Chartered Plummets on Iranian Money Laundering Allegations.

Financial Spread Betting Markets Rise Despite Chinese Growth Hitting a 3 Year Low, updated 13-Jul-12
Concerns over the Chinese economy have been around for months. The overnight GDP release, that showed growth slowing to its worst level in three years, is certainly a cause for concern. So why aren't the financial spread betting markets...read article: Financial Spread Betting Markets Rise Despite Chinese Growth Hitting a 3 Year Low.

UK Spread Betting: Barclays Struggles After Fine for Fixing Libor Rates, updated 28-Jun-12
Barclays is reeling on the UK spread betting markets from the news that there may have been some collusion between the money market desk and the swaps desks over the fixing of the Libor rates. The fines from the regulators...read article: UK Spread Betting: Barclays Struggles After Fine for Fixing Libor Rates.

UK Shares Spread Betting: Declining M&S Sales Weigh on FTSE Retailers, updated 17-Apr-12
The UK shares spread betting market is focusing on the retail sector this morning. High Street bellwether Marks and Spencer may not be the biggest retailer in the UK but today's numbers have come as rather a shock. For a stock that...read article: UK Shares Spread Betting: Declining M&S Sales Weigh on FTSE Retailers.

Bullish FOMC Tone Boosts Dow Jones Spread Betting Market to Pre-Lehman Levels, updated 14-Mar-12
The shorter FOMC meeting last night struck a bullish tone and fuelled the rally in the Dow Jones spread betting market which took it beyond the 13000 mark, to its highest level since 2007. This takes us back to pre-Lehman times and...read article: Bullish FOMC Tone Boosts Dow Jones Spread Betting Market to Pre-Lehman Levels.

EUR/USD Spread Betting Market Surges Ahead of Second ECB LTRO, updated 28-Feb-12
On the forex spread betting markets, the EUR/USD spread betting market surged in anticipation of the ECB's second LTRO. Round one of the LTRO was a success as far as the ECB is concerned as...read article: EUR/USD Spread Betting Market Surges Ahead of Second ECB LTRO.

FTSE Spread Betting Market Rises as Final Greek Deadline Approaches, updated 08-Feb-12
The FTSE spread betting market is above the 5900 level as risk continues to remain attractive to investors who seem to feel that a deal on Greek debt is imminent. As negotiation deadlines slip once again, the final deadline continues to...read article: FTSE Spread Betting Market Rises as Final Greek Deadline Approaches.

EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks, updated 23-Jan-12
The deadline for the struggling Greek debt talks continues to be pushed back and the Greek situation wasn't looking good going into the weekend. However, the creditors' offer this morning has seen the EUR/USD spread betting market rise despite...read article: EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks.

Bullish Indices Spread Betting Markets Rally on Strong European Bond Auctions, updated 20-Jan-12
The indices spread betting saw a glimmer of hope for the Eurozone yesterday on some strong bond auctions. The FTSE 100 index has opened firmly above its 200 day moving average with US indices also...read article: Bullish Indices Spread Betting Markets Rally on Strong European Bond Auctions.

Q) Average Trading Results?

A) Get free trading tips, offers, price updates, important news and more! All Free - Click here!

Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

1) Daily Trading Tips

2) Financial Tips

3) Financial Tipping