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Forex Spread Trading
A regular Forex spread trading update by Simon Denham of Capital Spreads. For the latest Forex spread trading update, click here.
Forex Spread Trading, 23 Nov 07
In FX the dollar has taken an overnight pounding and as feared in yesterday's comment the failure of the Greenback to get back above 109.15 vs the Yen has led to further deterioration. The cross is now at 107.69-107.71 off another 80 pips and we are now at a two year plus low with the charts, frankly, looking very grim. We have now dropped from 115 to the current level in just a couple of weeks without a serious rebound and my comments yesterday of 101.68 being the bear target is looking attainable. On the plus side there is a huge amount of volume support at the current level going back three or four years and there is a good support between 107.00 and 107.40 which may help out.
Sterling remains the middle fulcrum, strong against the dollar weak against everything else. Housing on the continent is getting dearer and dearer for UK investors and with rates in Euroland remaining firm the huge outflow of property money to sunnier climes may be waning. As mentioned several times the sterling yen cross is looking problematical and a break and close below 221.00 may trigger some serious unwinding of longs. Carry returns are still very favourable (especially with the Sterling 3mth Libor so expensive) but the recent falls will be causing fewer and fewer adherents to get involved.
Financial Spreads >>
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Forex Spread Trading, 22 Nov 07
Today’s early action is quite muted with levels pretty much the same as last night. Dealers seem to be taking a bit of a breather this morning. I’d speculate that this state of affairs might continue for at least a little while into the morning and afternoon sessions.
The dollar is off the lows versus the Yen but some will be worrying about its inability to get back above the 109.15 support level (it failed there in the early hours this morning as well). The price is currently 108.75-108.77. It has to be said that the technical’s (and, lets be honest, the fundamental’s as well) do not bode well for the greenback. The obvious target is 101.65, the multi year low from Jan 2005. However there is a long way to go before (if ever) then. The US policy appears to be trade correction through currency depreciation, a time honoured strategy, but they risk importing a serious inflation problem. Of course with virtually all world commodities priced in the dollar this is likely to cause some serious continued volatility in the commodities sectors.
Cable is still hovering around the 2.06 level and seems for the moment to have reached a stable level. Depending on who you talk to the future is very murky indeed. Half of commentators say that the fundamental value for the pound should be around 1.7500. God knows where this would be vs the Euro and Yen. The other half are looking for a continued rally higher up to the 2.20 level. For the moment we can say that the short term trend is gently drifting upwards and we can see support at 2.0590 and resistance at 2.0695 and 2.0775. On the downside the 2.0450 level seems to be holding firm and we will need to close under here to get the bulls worried.
Forex Spread Trading, 21 Nov 07
On the FX markets the dollar, as already mentioned, is having a tough time of it with the USD / YEN hitting (almost exactly) the two year low at 108.79 in early action but has now achieved a sort of crabbing move higher to 109.07-109.09. If punters are expecting the support to hold they will be hoping for a better reaction through the day. Another attempt on this major support level may trigger substantial position liquidation.
Sterling has performed quite poorly overnight and is even giving up some of the gains against the dollar. This is showing up in the GBP / YEN cross rate which is over 200 pips lower this morning and like the dollar cross is threatening the really important support levels this time around 224.00. The Yen has been showing strong signs against all the majors in recent times as money pours out of the western blocks across to the Far Eastern currencies. Although the carry trade remains out there, it is difficult to see anyone with even a modicum of risk control trying to put on positions just at the moment.
Forex Spread Trading, 20 Nov 07
The FX markets actually did very little in the end yesterday. After the initial drop in the pound, today’s early morning action has reversed any loss. GBP/JPY is finding any level below 225 very difficult to hold onto and we seem to be forming a falling wedge pattern on the hourlys. A break above 226.60 could indicate further strength here but, of course, the pound has seen some serious gyrations in recent days/weeks/months and punters would be wise to keep their Stop Losses close.
Cable has also managed to push back above 2.0500 this morning up to 2.0545-2.0548. There is some resistance at 2.0550 which, if breached, may tempt further buying. It’s possible there would be more buying above 2.0620. The dollar has had a nice little bounce recently which has taken out many of the weak shorts so traders should not be surprised if we now recommence the weak dollar scenario. The real loser in this morning’s session has been the Yen but in reality we can just say that we are reversing yesterdays trading range.
Forex Spread Trading, 19 Nov 07
On the FX front the pound continues to look weak but it has been down here before on several occasions in the last few trading sessions. Forex markets continue to be very volatile as traders try to get a handle on the dollar. Whilst the general consensus is for dollar weakness the currency shows just enough tendency to make violent corrections to keep every one honest. This morning, as mentioned, sterling is the whipping boy dropping below 140 vs the euro once more and giving up much of Friday's hard won gains against the yen. With the interest rate crutch for the pound looking rather weaker the fear is that the current slump could continue into the middle term. Against the yen, the support in the low 220's is seen as crucial. Although we are some way from the low 220s at the moment, the extreme moves of recent days have shown that 1000 and 1500 pip move in a few trading sessions are become an increasingly common factor.
The Euro is getting ever more expensive and uncompetitive. Parts of the Eurozone are finding the international market place an ever darker place to be. A widget made in Frankfurt is 15% more expensive, in dollar terms, than at the start of the year and more than 40% more expensive than 5 years ago. This is squeezing margins ever tighter and will be causing high level political friction as jobs are exported to cheaper areas of the globe.
Forex Spread Trading, 16 Nov 07
In the forex spread betting market the £/$ the 2.0500 level has offered little support. Clearly the dollar bulls have paused for a rethink today after a 3.5% drop in cable. On the weekly chart a bit of a "shooting star" candlestick has formed which is usually an indication that the up trend has reached a top and certainly so far, this seems to be the case. Clients seem to have created a bit of a hedge now with the majority being buyers of gold (therefore bearish of the dollar), but short cable (so bullish of the dollar)! It just goes to show how uncertain everybody is during yet another turbulent week for all financial markets.
Financial Spreads >>
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Financial Spreads review.
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Forex Spread Trading, 15 Nov 07
The dollar has recovered somewhat versus the yen and the 109 support has held well. The bounce though seems to be less that enthusiastic having stalled in the l11's. Punters will be watching to see if we are having one of the famed 'dead cat bounces' and whether after the initial buying fizzles out we return to bashing the buck.
The yen looks poised for further gains with dealers not able to regain support trading ranges in the last few days, but in truth, this has been the case many times in the last few months and every time somehow the momentum is lost.
Forex Spread Trading, 14 Nov 07
On the foreign currency front the pound is gamely trying to recoup some of the recent losses and this is being aided by the renewal of the dollar and yen weakness. Against the Yen the currency has had a 7% fall followed by a 3% rally in the last three days which must make finance directors for import/export companies very nervous indeed. If most companies work on 5-15% profit margins then movements of this nature make the potential profit/loss variations of a venture between the ink drying on the contract and getting the FX financing in place quite dramatic.
So the pound has bounced off the 2.05 support level mentioned yesterday and is now back above 2.08 at 2.0803-2.0806. $2.0815 is the last resistance level before 2.0900 and then up to the highs again so we can expect some selling at these levels from longs breathing a sigh of relief after the drops of Friday and Monday. There is small support at 2.0775 and 2.0745 but if we break below here we may get another of those cascade effects as dealers lose faith and pull out.
Versus the Euro the pound has recovered a bit and is now at 1.4190-1.4193 but again here we are seeing some selling as our punters look for further pound weakness. Today we have the BOE inflation report which is unlikely to make happy reading especially if you focus on the staple products (food and energy). This could give a boost to sterling. If the report is quite bearish it will remove any possibility of near term rate cuts and may raise the spectre of rate hikes!
Forex Spread Trading, 13 Nov 07
The FX spread betting markets were the big movers yesterday and they look like the place to be today. At one point Sterling hit 2.0520 yesterday vs the dollar, fully 6 1/2 cents off the highs of Friday (the biggest two day move in over 4 years). Today seems little different except in the opposite direction with Cable now bouncing up to 2.0666-2.0669 in morning action and punters are feeling quite happy having gone home long of the pound. There is actually some solid support around the 2.05 level which no doubt helped to stop the rot yesterday. Having said that above 2.0650 there is little to go for aside from a return up to 2.11. The markets moved higher and lower so quickly that there was no volume support/resistance building. If the pound is to remain at these elevated levels then it must spend a bit of time consolidating.
Of course against the Euro and Yen the story is not so nice after the massive support at 1.4240 failed yesterday. Bears are looking at this cross and will be licking their lips if there is no return to the trading range of past three month. Aside for interest rates the pound has not much to say for itself with an economy with much of the same structural problems as the dollar but with a much higher tax burden as well. The cost of Holidaying in Euroland is going to come as a nasty surprise come next summer.
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read
Financial Spreads review.
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Forex Spread Trading, 12 Nov 07
Overnight trade saw some serious moves in the currency markets as the Yen has made a bid for power. Sterling whilst still strong versus the dollar is now flirting with the very serious support levels at 228.40 having managed to lose over 1000 pips in the last three trading sessions.
Over the past months the weakness in the dollar has all been European focused as the cross versus the Yen has stuck around 114 to 116. However trade in the latter half of last week certainly put paid to that as the Yen smashed through a series of support levels. It continues to drop lower, the current price forex spread sits at 110.22-110.24, the lowest since May last year and 109.00 is looming large. If the lines are breached then the bears will be hunting in even greater numbers looking for the 105.50 support and below here 102.00. The carry trades which had been holding on quite comfortably last Monday are now looking truly disastrous.
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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.
'Forex Broker' by DB, updated 23-Nov-07
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Forex Spread Betting March 2011, updated 11-Mar-11
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Forex Spread Trading February 2011, updated 25-Feb-11
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Forex Spread Betting February 2011, updated 11-Feb-11
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Forex Spread Trading January 2011, updated 28-Jan-11
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Forex Spread Betting January 2011, updated 14-Jan-11
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Forex Spread Bets December 2010, updated 30-Dec-10
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Forex Spread Trading December 2010, updated 17-Dec-10
FX market update: Financial Spreads clients remain bearish of the single currency so they'll be hoping for this little spurt of strength to be short lived and...read article: Forex Spread Trading December 2010.
Forex Spread Betting December 2010, updated 03-Dec-10
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Forex Spread Trading November 2010, updated 19-Nov-10
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Forex Spread Betting November 2010, updated 05-Nov-10
FX market update: Currency spread trading markets are matching equities with the Dollar recouping some of its heavy losses of yesterday. The weakness is...read article: Forex Spread Betting November 2010.
Forex Spread Trading October 2010, updated 22-Oct-10
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Forex Spread Betting October 2010, updated 08-Oct-10
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Forex Spread Trading September 2010, updated 24-Sep-10
FX market update: Forex spread trading markets also seem happy with their lot for the time being with the Euro remaining the coinage in favour for the moment. There has been no massive...read article: Forex Spread Trading September 2010.
Forex Spread Betting September 2010, updated 10-Sep-10
FX market update: Forex spread betting rates are largely flat, as is gold, having seen a bit of profit taking yesterday. Bulls will be naturally apprehensive...read article: Forex Spread Betting September 2010.
Forex Spread Trading August 2010, updated 27-Aug-10
FX market update: The FX spread betting markets seem to have hit a reasonably stable level around $1.27 for the Euro and $1.55 for the Pound. The Yen cross is also...read article: Forex Spread Trading August 2010.
Forex Spread Betting August 2010, updated 13-Aug-10
FX market update: The Yen is very strong in the face of rising confidence in the East versus the West and one does get the feeling that the Majors remain in a race to...read article: Forex Spread Betting August 2010.
Forex Spread Trading July 2010, updated 30-Jul-10
FX market update: Despite the worse than expected UK consumer data this morning the Pound is the star so far in the session with Cable looking content above the...read article: Forex Spread Trading July 2010.
Forex Spread Betting July 2010, updated 16-Jul-10
FX market update: FX markets are a little flat this morning but with the bias once again towards Dollar weakness. EUR/USD is testing yesterday's highs around...read article: Forex Spread Betting July 2010.
Forex Spread Bets June 2010, updated 02-Jul-10
FX market update: The Yen remains the strong man of the majors, which appears slightly odd given the country's fiscal position, and the Euro/Yen cross is still...read article: Forex Spread Bets June 2010.
Forex Spread Trading June 2010, updated 18-Jun-10
FX market update: FX markets are hammering at the Dollar for the fourth or fifth day in a row but the moves do seem to be treading water a bit...read article: Forex Spread Trading June 2010.
Forex Spread Betting June 2010, updated 04-Jun-10
FX market update: Clearly many of those FX spread trading are sitting on the sidelines ahead of NFP but it's difficult to see if there's any shock to the upside might that...read article: Forex Spread Betting June 2010.
Forex Spread Trading May 2010, updated 21-May-10
FX market update: On the currency front our comment yesterday that if the Euro was not moving in the accepted direction then the opposite was likely to happen proved rather more prophetic than expected...read article: Forex Spread Trading May 2010.
Forex Spread Betting May 2010, updated 07-May-10
FX market update: The Euro has now almost reached the longer term target for the Bears of around $1.2350/1.2450, mentioned way back last week when we were...read article: Forex Spread Betting May 2010.
Forex Spread Trading April 2010, updated 23-Apr-10
FX market update: Currency markets are the place to be at the moment with the Euro continuing to weaken under the glare of all its woes. In reality it must be admitted that...read article: Forex Spread Trading April 2010.
Forex Spread Betting April 2010, updated 09-Apr-10
FX market update: The EUR/USD spread bounced again from the levels last seen at the end of March just below $1.3300 where it recovered back to as high as...read article: Forex Spread Betting April 2010.
Forex Spread Trading March 2010, updated 26-Mar-10
FX market update: Currency markets continued to be Dollar favourable yesterday but this morning has seen something of a pull back as the Euro has recouped...read article: Forex Spread Trading March 2010.
Forex Spread Betting March 2010, updated 12-Mar-10
FX market update: Cable staged another mini recovery yesterday capturing the $1.50 level again and this morning is continuing its rally, sitting at...read article: Forex Spread Betting March 2010.
Forex Spread Trading February 2010, updated 26-Feb-10
FX market update: Cracks have appeared in the recovery and FX markets in particular have shown alarming moves that indicate they are preparing for...read article: Forex Spread Trading February 2010.
Forex Spread Betting February 2010, updated 12-Feb-10
FX market update: On the currency markets, the Pound and Euro both found support yesterday pushing well away from recent lows to climb quite strongly through...read article: Forex Spread Betting February 2010.
Forex Spread Trading January 2010, updated 29-Jan-10
FX market update: On the currency front, the Euro has been weakening again, finally dropping below $1.40 yesterday. The currency is...read article: Forex Spread Trading January 2010.
Forex Spread Betting January 2010, updated 15-Jan-10
FX market update: The US retail sales didn't help the Dollar much and it drifted back to the ¥91.00 mark against the Yen. With the rate at...read article: Forex Spread Betting January 2010.
Forex Spread Bets December 2009, updated 01-Jan-10
FX market update: Interesting movements in the Forex spreads markets are just about the only thing worth focussing on at the moment. Yesterday the Dollar waxed and waned, managing a...read article: Forex Spread Bets December 2009.
Forex Spread Trading December 2009, updated 18-Dec-09
FX market update: The momentum against Cable was compounded by some negative UK retail sales which flew in the face of recent reports from retailers like...read article: Forex Spread Trading December 2009.
Forex Spread Betting December 2009, updated 04-Dec-09
FX market update: The Euro managed to exactly match our commented range of $1.5140 to $1.5040/60 in yesterday's session. It traded at...read article: Forex Spread Betting December 2009.
Forex Spread Trading November 2009, updated 20-Nov-09
FX market update: Currency markets are mixed this morning but largely in favour of the Dollar. Cable is heading lower as once again it fails to test...read article: Forex Spread Trading November 2009.
Forex Spread Betting November 2009, updated 06-Nov-09
FX market update: Currency markets are turning a bit Dollar unfriendly once more with the Euro regaining the $1.4860 level. The Euro had been...read article: Forex Spread Betting November 2009.
Forex Spread Trading October 2009, updated 23-Oct-09
FX market update: Trading continues to be very contained in the EUR/USD cross with the $1.49 level seeming to hold an irresistible attraction. Last night it seemed that...read article: Forex Spread Trading October 2009.
Forex Spread Betting October 2009, updated 09-Oct-09
FX market update: Mervyn King muttered about a weak currency helping exporters but I have to say that this commentator is yet to see any evidence of...read article: Forex Spread Betting October 2009.
Forex Spread Trading September 2009, updated 25-Sep-09
FX market update: The weakness of the Pound versus other majors has merely been reflected by the Dollars own lack of strength. Versus the Euro the cross seems unable to...read article: Forex Spread Trading September 2009.
Forex Spread Betting September 2009, updated 11-Sep-09
FX market update: As mentioned many times over the last few months the Dollar continues to suffer from what looks like benign neglect from the...read article: Forex Spread Betting September 2009.
Forex Spread Betting August 2009, updated 28-Aug-09
FX market update: The pound/dollar range at $1.62 to $1.66 eventually held the upper hand and after testing the markets below $1.62 the volume attraction of this range reasserted its pull. In truth the opening hours today have...read article: Forex Spread Betting August 2009.
Forex Spread Trading August 2009, updated 14-Aug-09
FX market update: On the currency front the pound made a big rebound from the lows with the Yen (especially) falling back after a strong run. The sharp spike lower in GBP/JPY in a frantic...read article: Forex Spread Trading August 2009.
Forex Spread Trading July 2009, updated 31-Jul-09
FX market update: The equity market rally though took its toil as investors sold the dollar in favour of equities. Sterling did well out of...read article: Forex Spread Trading July 2009.
Forex Spread Betting July 2009, updated 17-Jul-09
FX market update: The dollar is making a little ground back against sterling. Rather like the equity markets there is a lack of direction and a real tussle between the
...read article: Forex Spread Betting July 2009.
Forex Spread Bets June 2009, updated 03-Jul-09
FX market update: Sterling is also managing to sit tight against some serious tests of support. Cable has drifted sideways through the short term upward trend line which is marginally worrying and this may give cause for a move back into the $1.58 to $1.60 region. However sometimes trend lines just lose their...read article: Forex Spread Bets June 2009.
Forex Spread Trading June 2009, updated 19-Jun-09
FX market update: Forex markets must have read my comment yesterday as the pound made an almost carbon copy move to Wednesday's price action. The total net effect over the last three days has been...read article: Forex Spread Trading June 2009.
Forex Spread Betting June 2009, updated 05-Jun-09
FX market update: Even though the GBP/USD spread betting market has fallen from a high of $1.6670 on Wednesday to the current $1.6050 there have been some big rallies amidst the 6 cent fall. Clients have been trying to buy into...read article: Forex Spread Betting June 2009.
Forex Spread Trading May 2009, updated 22-May-09
FX market update: The same happened to GBP/EUR which saw a very sharp fall yesterday morning, but recovered afterwards throughout the rest of the day. At the moment though, the euro is...read article: Forex Spread Trading May 2009.
Forex Spread Betting May 2009, updated 08-May-09
FX market: Sterling's good recent run came to an abrupt end after the BoE announced its next tranche of asset purchases. The market was taken a little by surprise as many were expecting the Bank not...read article: Forex Spread Betting May 2009.
Forex Spread Trading April 2009, updated 24-Apr-09
FX market: EUR/USD is back above $1.3000, currently at $1.3070 with the Euro making a bit of ground on Sterling as well as GBP/EUR heads back towards...read article: Forex Spread Trading April 2009.
Forex Spread Betting April 2009, updated 10-Apr-09
FX market: With EUR/USD, our spread betting accounts are very much two way with buyers matching sellers and in truth it is difficult to argue that ...read article: Forex Spread Betting April 2009.
Forex Spread Trading March 2009, updated 27-Mar-09
FX market update: FX markets are still wary of the recent indication that the US might not be opposed to the creation of a 'Super Currency' run by the IMF, the mere mention of which sent the dollar...read article: Forex Spread Trading March 2009.
Forex Spread Betting March 2009, updated 13-Mar-09
FX market: The failure last Friday to push resistance versus the dollar at $1.4340 was not helped by the overall view taken about the 'quantitative easing' policy of the...read article: Forex Spread Betting March 2009.
Forex Spread Trading February 2009, updated 27-Feb-09
FX market update: Against the Euro, the pound seems to have settled into a £1.1000 to £1.1500 range...read article: Forex Spread Trading February 2009.
Forex Spread Betting February 2009, updated 13-Feb-09
FX market: Virtually every major market, having tried valiantly to break out of the current trading ranges, is now pretty much where they closed on Wednesday evening. GBP/USD had a solid look at...read article: Forex Spread Betting February 2009.
Forex Spread Bets January 2009, updated 31-Jan-09
FX market update: Currency markets continue to be the focal point with the battle for the GBP/USD rate to get...read article: Forex Spread Bets January 2009.
Forex Spread Trading January 2009, updated 16-Jan-09
FX market: Strange moves overnight in the currency markets will not have pleased many as the Pound ?took off? in the first few hours of trading opening some...read article: Forex Spread Trading January 2009.
Forex Spread Betting January 2009, updated 02-Jan-09
FX market update: the 'dollar bulls' remain positive about the outlook for the dollar as they argue it could replace the Yen as the new carry trade currency. This also indicates that the FX markets are preparing for...read article: Forex Spread Betting January 2009.
Forex Spread Trading December 2008, updated 19-Dec-08
FX market: The pound has fallen a minimum of 25% against even the weakest of the other major currencies this year and in the same period our...read article: Forex Spread Trading December 2008.
Forex Spread Betting December 2008, updated 05-Dec-08
FX market update: On the Currency front the cut in rates had little effect, there was a brief fall in the Euro and the Pound followed by a short covering rally and now we...read article: Forex Spread Betting December 2008.
Forex Spread Trading November 2008, updated 21-Nov-08
FX market: The GBP / USD spread is now $1.5082 - $1.5085 and, to be honest, there is little in the way of resistance or support around the current price. The short term falling trend line is now at...read article: Forex Spread Trading November 2008.
Forex Spread Betting November 2008, updated 07-Nov-08
FX market update: The volatility in the GBP / USD market is becoming ever more extreme with the last eleven trading days averaging over 5¢ a day high/low range (3%). This variation represents a...read article: Forex Spread Betting November 2008.
Forex Spread Trading October 2008, updated 26-Oct-08
FX market: Traders looking for some kind of support have seen their hopes wiped away as the pound and euro plumb depths not seen for...read article: Forex Spread Trading October 2008.
Forex Spread Betting October 2008, updated 10-Oct-08
FX market update: Trading in the Forex markets has been just as violent as the equities as the pound has fallen dramatically out of favour versus the Yen and Dollar. It appeared, briefly, that confidence in...read article: Forex Spread Betting October 2008.
Forex Spread Trading September 2008, updated 26-Sep-08
FX market: The Forex markets must have been reading my comment yesterday as Cable failed at almost exactly the resistance of $1.8650 and then moved down to attack the support at $1.8450. Once this had...read article: Forex Spread Trading September 2008.
Forex Spread Betting September 2008, updated 12-Sep-08
FX market update: On the FX spread betting front the inability of the Pound, Euro or Yen to hold onto the gains versus the dollar do not bode well in coming sessions. The currency markets are settling in to the new ranges caused by...read article: Forex Spread Betting September 2008.
Forex Spread Trade August 2008, updated 29-Aug-08
FX market update: The Euro / Dollar rate is off its lows this morning around the $1.4693 mark and continues to test...read article: Forex Spread Trade August 2008.
Forex Spread Betting August 2008, updated 15-Aug-08
FX market update: We are now sitting just above the massive 2006 GBP / USD support level at around...read article: Forex Spread Betting August 2008.
Forex Spread Trading July 2008, updated 01-Aug-08
FX market update: In the Forex spread betting markets the dollar and yen are looking to make gains after the...read article: Forex Spread Trading July 2008.
Forex Spread Betting July 2008, updated 18-Jul-08
FX market update: In the Forex Spread Betting world Cable continues to hover around the $2.00 dollar mark but the Euro has, for the time being, given up on the...read article: Forex Spread Betting July 2008.
Forex Financial Spread Bet July 2008, updated 04-Jul-08
Forex market update: The weak dollar is causing much of the recent commodity spike and the laissez faire attitude of the US administration to the value of the Greenback is coming back to haunt them in the shape of...read article: Forex Financial Spread Bet July 2008.
Forex Financial Spread Trading June 2008, updated 20-Jun-08
Forex market update: Every time the pound looks to be in danger of a fall to below $1.94 buyers come in and take it back up to around $1.98 to $2.00. Cable has been in a falling wedge formation since...read article: Forex Financial Spread Trading June 2008.
Forex Financial Spread Betting June 2008, updated 06-Jun-08
Forex market update: The pound was dragged a little in the Euros wake yesterday but even so lost over a Euro cent in the post Trichet move. The GBP / USD spread is currently at $1.9581 - $1.9584 this morning and is still at the lower end of the recent trading ranges. Any clients who bought into...read article: Forex Financial Spread Betting June 2008.
Forex Spread Bet May 2008, updated 23-May-08
Forex market update: Sterling had one of its surging days yesterday moving higher against every other major currency. We have seen some very heavy buying in the Pound and Euro vs the lower interest rate currencies (JPY, CHF, USD) in the last few sessions as traders...read article: Forex Spread Bet May 2008.
Forex Trading May 2008, updated 09-May-08
Forex market update: Unfortunately the FX markets, which seemed to be selling the Pound and Euro in anticipation of a rate cut from both the ECB and MPC only reversed for the Euro and not for the Pound. Sterling is now weakening again against all the majors and yet another attack on the...read article: Forex Trading May 2008.
Forex Trading April 2008, updated 25-Apr-08
Forex market update: Looking at the Forex Spread Betting markets the Pound actually managed a good day for a change as the Euro and Yen suffered. Of course the real winner was the US Dollar. Cable is now at the bottom of it recent range with dealers probing for any weakness below...read article: Forex Trading April 2008.
Forex Spread Bets April 2008, updated 11-Apr-08
Forex market trading update: The dollar is getting a knock this morning weaker against the majority of other currencies. Sterling attempted to make some sort of recovery against the euro yesterday dipping below the £0.8000 mark. However, since...read article: Forex Spread Bets April 2008.
Forex March Spread Trading, updated 28-Mar-08
Forex markets: On the FX markets the Dollar continues to hold it own for the time being but the pound seems to have hit something of a brick wall overnight. All the majors are unchanged except for the pound which is down 80 pips against the greenback (under $2 again)...and is at a new all time low versus the Euro at £0.7894 which means that we are now over 15%...read article: Forex March Spread Trading.
Real-time Forex Prices and Charts, updated 15-Feb-08
Forex pricing information: On the currency trading front we are very quiet and with no news expected today it may well remain that way for the early trading session. GBP / USD looks to be quite happy at levels near to $1.9700 but we have made a habit of...read article: Real-time Forex Prices and Charts.
UK Forex Spread Trading, updated 01-Feb-08
UK Forex Spread Trading: FX markets are absolutely comatose at the moment and we are trading and re-trading over the same ranges. The pound is pretty much...read article: UK Forex Spread Trading.
Forex January Spread Betting, updated 18-Jan-08
FX markets remain peaceful with the Dollar and Pound continuing to recoup some of the recent losses. The Sterling/Yen cross is now hovering just below the 211.90 support/resistance at a spread of...read article: Forex January Spread Betting.
Forex Trading Online, updated 21-Dec-07
Find out where you can Trade FX Online for free plus your FX trading questions answered, tips on getting free FX charts, real time prices and...read article: Forex Trading Online.
Forex Futures Trading, updated 07-Dec-07
Where to trade Forex Futures plus updated Forex trading news and the most popular Forex questions answered....read article: Forex Futures Trading.
Forex Broker, updated 23-Nov-07
Where to find free Forex Brokers plus regular Forex financial trading news as well as the most popular Forex questions answered....read article: Forex Broker.
Forex Platform, updated 09-Nov-07
Where to find free Forex Platforms plus updated Forex trading news as well as the most popular Forex queries answered....read article: Forex Platform.
Forex Software, updated 26-Oct-07
Where to find free Forex Software information plus updated Forex trading news as well as the most popular Forex queries answered....read article: Forex Software.
Forex Prices, updated 04-Feb-08
Where to find free Forex Prices plus updated Forex news as well as your top Forex questions answered....read article: Forex Prices.
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