Spread Betting Forex Market Review
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The spread betting forex market review with quick and simple answers to common forex questions:
Spread Betting Forex Market Review, 1 July 2011
So Greece has voted and they now have the budget laws in place to qualify for the €12bn aid package they need to avoid default. In line with this, the Euro hiked and it would appear it could be heading for its first positive week in four against the Dollar. Currently trading at $1.4521, the pair is trading in a bullish channel which is a positive indicator.
The UK’s poor manufacturing data kept the Pound lower yesterday, trading at a 15 month slump against the Euro. This just further fuels the speculations that it will be further down the line before rates are lifted, and some analysts are saying it could be May 2012.
Sterling is trading marginally down this morning against the Euro and the forex technical analysis is suggesting potential upside to the EUR/GBP pair as it is trading above its support level at £0.9015.
Spread Betting Forex Market Review, 30 June 2011
For the FX spread betting markets, the Euro thought about selling off from its highs but maintained good strength to get back above $1.4400.
This morning the single currency is continuing that strength and is at $1.4500 with its longer term uptrend since July last year still very much in tact.
The near term support and resistance levels are $1.4425/1.4325 and $1.4550/1.4600 meanwhile over the longer term support is seen on the figure at $1.4000 and $1.3700, then $1.3400 with resistance at $1.4700 and $1.4900.
Whilst the Euro seems to be getting away with murder it is still beating up Sterling although GBP/EUR managed to find some support around €1.1100 just as it did back in May.
This is the major support level and is this breaks then Sterling bears might well want to have another stab at parity with the single currency.
The levels of earlier in the year around €1.2000 seem another galaxy away and it would seem that we may never see €1.5000 ever again at this rate. GBP/EUR is at €1.1095 at the time of writing.
Cable just managed to sneak back above $1.6000 and is at $1.6090 this morning. Key levels to what are $1.6030/1.5950 to the downside and $1.6125/1.6200 to the upside.
Spread Betting Forex Market Review, 29 June 2011
On the forex spread betting markets, the Euro remains strong versus the Dollar and Pound as the Far East continues its policy of asset reallocation away from the US currency. Compounded with this is the fact that the EC as a whole is a very big net exporter, with Germany actually exporting more than China.
Both the Yen and the Swiss Franc are now at extreme valuations versus any reasonable comparative measure, which does not mean that they cannot become more extreme of course. However, it does seem unlikely that long term asset reallocation will focus on these currency units and the Yuan, Rupee etc are either not convertible or not liquid enough to tempt investors.
This leaves the Euro as the depositary of choice. Not only this but it suits the Far East to have a strong Euro as this aids exports and impedes competition in their domestic economies.
At some point this will grind to a halt but, probably, not for a good while yet.
The Euro - Dollar forex pair is pushing higher in early trade having reversed the weakness of late last week. We are just below medium term resistance at $1.4390/1.4400 but dealers look to be pushing for another attempt on the mid $1.44's.
For the last four months we have oscillated in a wide range between, roughly, $1.40/1.41 and firstly $1.49 then $1.47 and lately $1.4450. Both the lows and the highs of each move have been contracting around a mid point area of $1.4400 to $1.4450 which is just about where we are now.
Resistance above us is weak at $1.4420/25, medium at $1.4445/55 and stronger at $1.4500/20. Support is at $1.4345/50, $1.4325/30 and below here at $1.4300/05.
The Pound continues to suffer versus virtually everything, and is finding it tough even against the Dollar. The accepted BoE policy of low interest rates into the foreseeable future are not exactly helping and it has to be admitted that our spread betting account holders have been struggling as they have tended to not believe the weakness.
Versus the Dollar, we have hit a support of sorts at the low $1.59's but there has been precious little 'bouncebackability' evidenced so far.
If we break and close below the $1.5910/1.5930 support then there may well be a sharp reaction lower. However, whilst it holds we will probably continue to see buying in the hope of a return into the $1.60's.
Against the Euro, the situation is even more pronounced as we flirt with the lows for the year, at €1.1060, and the prospects for imported UK inflation look worse than ever.
It is not a situation that is likely at this point but, with extremely low interest rates at and inflation at over 5%, investors in UK assets are looking at a hefty annual depreciation even if asset values nominally stand still.
If confidence starts to slip in the ability of Britain to control the Budget deficit then we may slither towards Southern European sovereign yield levels.
Spread Betting Forex Market Review, 28 June 2011
French banks have had their arm twisted to roll over their Greek debts which has given equity markets a bit of impetus.
Can it be a case of the French to the rescue? An unlikely scenario but one that takes a lead and could set a precedent for others to follow.
France’s banks are hugely exposed to Greek banks so avoidance of a default is imperative for them. However, by kicking the can down the road banks are just going to have to wait longer to get their money back, which will almost certainly have had an argument with a lawnmower by the time their loans are repaid.
If Greece can’t fund itself in the next couple of weeks and these debts are rolled then to most people that sounds like a default, but for the EU it isn’t so we’re OK.
The Euro has rallied this morning against the Dollar on the FX spread betting markets after a combination of speculation on passing Greek budget cuts, which would help avoid a default, and the start of a 48 hour strike.
It’s thought that the strike might help to block out austerity policies demanded by international leaders as the price for a bailout. The strike comes in the wake of Greek PM Papandreou asking people to get behind him and see this as a patriotic stance to back stronger austerity measures.
The single currency rallied around 70 pips in the space of around 45 minutes against the Dollar and has rebounded on its strong support, which is a positive indicator. Currently trading at $1.4310 the pair has support at $1.4235 and resistance is showing at $1.4355.
Sterling dropped yesterday after mortgage interest rates fell to a record low and the BoE said that the UK is at little risk of inflation, which ultimately means it’s increasingly unlikely that rates will be lifted from current levels.
Saying that, the Pound has rebounded this morning around 60 pips against the Dollar and is trading at $1.5990. The pair is challenging its resistance at $1.6010, which could mean further upside here.
Spread Betting Forex Market Review, 27 June 2011
After Moody’s Investor Services sent a dark storm cloud over Italy’s banks with a looming downgrade, concerns about the proverbial toxic waste spreading through the Eurozone were reignited.
Risk aversion flowed after this, with the single currency sliding for the third straight session against the US Dollar, shedding 74 pips to $1.4187, and continuing to remain on the back foot at time of writing.
Bank of England Governor Mervyn King put pressure on the British Pound on Friday, reiterating investors fears about UK financial stability being dangled above an abyss by the Eurozone debt crisis.
It’s not as if financial market participants can take safety under the economic data of late, as this continues to disappoint. So the BoE is now looking to take a Fed like, dual mandate policy, stance and therefore disregarding inflation. Could this be the reason that we saw the GBP/USD spread betting rate lose 63 pips to $1.5957?
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Spread Betting Forex Market Review, 24 June 2011
At the time of writing, I’m hearing bells ringing in the background, and see the Euro jump 35 pips. The reason? German Business Climate figures have excelled expectations, coming in at 114.5 and beating the anticipated figure of 113.4.
Although the Euro rallied against the Dollar yesterday evening, we could still see it fall to a three week consecutive decline. The positive sentiment should start to resurface though, after EU leaders in Brussels agreed to prevent Greece from defaulting, which over the medium to long term should help stabilise the Euro.
Currently trading down this morning at $1.4206 the pair has broken above a downward trend line and, with German business confidence up for the month of June, this could spark some positivity into the Euro today.
The Pound tumbled against the Dollar on the FX spread betting markets yesterday below the $1.60 mark as UK retail sales index dropped to its weakest in a year. This pretty much reinstates the point that UK rates are going to stick around at this level for some time.
Even though it is trading down at $1.5955, the pair has broken out of a bearish channel and this is a positive signal. There is potential for traders to see the pair challenging its next resistance level at $1.6019.
Spread Betting Forex Market Review, 23 June 2011
The Euro is on a downer this morning and especially so against the Dollar. The weakness is off the back of European leaders meeting in Brussels today whereby they will talk about Greece’s aid package.
Although European Commission President Barroso has said he won’t let Greece default, there is still the concern of how the funding will be put in place, when it will get put in place, and where the budget cuts lie.
The Euro is trading down this morning after falls overnight, and is trading at $1.4263. Considering the forex technical analysis on the 10 minute chart, the pair has broken out of a bullish channel and this is a negative signal, so traders should be cautious here. The pair has support at $1.4255 and resistance sits at $1.4420.
Sterling has had a rocky road recently versus the Dollar, and it gets worse as it’s fallen to levels not seen since the end of March. UK retail sales index are expected to show a second consecutive monthly fall in June despite being up year on year.
Trading down at $1.6029, the pair broke out of a bullish channel which started on 16th of June. The pair now stands below its new resistance which is a negative indicator, so buyers of the Pound should remain cautious.
Spread Betting Forex Market Review, 22 June 2011
Greece has voted. The result is that the Greek PM George Papandreou has won the vote of confidence which will allow him to steam ahead with the austerity programme.
He won the vote from 155 out of 300 lawmakers, although the big challenge is the approval of a €78bn package of budget cuts to prevent the country from default.
It is said that if Greece don’t receive the aid, the country will officially be bankrupt in July.
However, with the news that the Greek government survived the crucial vote of confidence, the Euro was given a boost yesterday to the intraday high of $1.4434. There was a slight pull back later in trading hours as traders focused on the upcoming austerity vote on June 28th, and then not long after, the decision by the Eurozone finance ministers on July 3rd.
Could this have been the reason the single currency only gained 16 ticks to $1.4376, actually declining after the vote as caution momentarily beat fear as well as euphoria.
The Canadian Dollar advanced versus its US counterpart on the back of the rebound in oil prices, the country’s most important export.
In fact, it was the rally in the whole commodities spectrum, on a day when the confidence vote for the Greek government fuelled a bout of risk taking.
The USD/CAD forex pair appeared to take the report of a weaker than expected rise in retail sales with a pinch of salt, and kept the early gains it had made, closing 62 pips higher at C$0.9724.
Spread Betting Forex Market Review, 21 June 2011
There has been a bit of a divide on the future of Greece, and especially in the House of Commons.
Some MPs have suggested to simply let Greece go bankrupt, whilst others say that this could be catastrophic, but at the same time, David Cameron has said Britain will not pay any more than already pledged under the IMF.
The thing is, this is a whole different ball game to when the US let Lehman Brothers collapse, because this is a country here.
European Commission President Barroso has stated that there is no way they will let Greece go bankrupt, which will come as music to the ears of the Greeks. We won’t know too much more on the intricacies of the deal until July now, which is keeping traders on their toes for the moment.
In news around the world, the Reserve Bank of Australia will decide on whether to increase rates after assessing the Eurozone debt situation against growth and inflation forecasts.
The Greek Prime Minister George Papandreou is facing a vote of confidence later today. This is a hurdle he has to clear to win backing for a new round of spending cuts, tax hikes and a state asset boot sale, all in order for Greece to secure the next €12 billion bailout tranche.
Nonetheless, as if they wanted to ease pressure after the Greek woes instated fear, the European leaders also increased the European Financial Stability Fund to €440 billion. This sent some calm back into the forex spread betting markets and ignited a rebound into positive territory for the Euro which closed 78 pips up at $1.4362.
The effects of the devastating Japan earthquake and tsunami back in March are still affecting the country it seems. Yesterday’s report of a significant drop in the country’s exports for last month did not helping the Yen as it moved slightly lower versus the US Dollar.
The fact that it is already the most indebted nation in the world as a percentage of the GDP, over 200%, is not making it easy for the Japan to recoup the damage.
Overall, the Dollar - Yen rate lost 11 ticks to ¥80.20, but one thing the Yen does not seem to have lost is its safety haven currency status in the current climate.
Spread Betting Forex Market Review, 20 June 2011
All eyes appear to be on the Greek situation this morning, following the meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy this weekend.
The Euro received a leg up on Friday versus the US Dollar with both parties of the meeting appearing to be nearing a decision for a second bailout package for Greece, but this rally appears to have been short-lived.
Snapping out of a two session losing streak, the Australian Dollar gained 54 ticks against the US currency on Friday to finish at $1.0618. This came on hopes of a breakthrough on the Greek front following Germany's stance of being ready to compromise.
The interest rate differentials continue to play an important part in attracting investors as the base rate in Australia is 4.75%, the biggest among the developed economies, compared with the Fed's rate of 0 to 0.25%.
The prospects of economic growth in Australia are also higher given a very resilient Chinese industrial production. All in all, the short term bias points towards consolidation.
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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.
'Spread Betting Forex Market Review' by DB, updated 01-Jul-11
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Forex Spread Trading August 2010, updated 27-Aug-10
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Forex Spread Betting July 2010, updated 16-Jul-10
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Forex Spread Bets June 2010, updated 02-Jul-10
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Forex Spread Trading March 2010, updated 26-Mar-10
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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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