Spread Betting FX Futures Trading
|
|
 |
The Spread Betting FX Futures Trading review with quick and simple answers to common FX futures spread betting questions:
Spread Betting FX Futures Trading, 20 April 2012
The sterling/dollar spread betting market remains above the $1.6000 level after the change of tone at the BoE, with Adam Posen dropping his calls for a round of QE4.
The pound hit a 5-month high of $1.6078 yesterday as it ran into stiff resistance and, at the time of writing, is at $1.6065.
Considering that the pound has not seen this level since November, FX spread betting investors will be keen to see how well the big figure of $1.6100 is defended by the bears.
In terms of the euro, the pound has hit its highest level since August last year.
Whilst we are a long way off seeing any rise in interest rates, we are less likely than the Eurozone to see a huge increase in QE. In fact expectations are rising for the ECB to look at other forms of stimulus to assist in propping up the banking sector.
Spread Betting FX Futures Trading, 19 April 2012
Sterling had a strong day on the forex spread betting markets yesterday after the Bank of England minutes showed only one MPC member still supported quantitative easing.
In particular, arch dove Adam Posen gave up his call for further monetary easing after being previously in favour of more stimulus.
Forecasts that inflation would be above target for far longer into the medium term shifted the tone of the minutes away from propping up growth to taming inflation. This brought forward the expectations of a rate hike and boosted the pound.
Cable dragged itself back above the $1.6000 mark, trading at $1.6050 this morning, while the GBP/EUR spread betting market is just above €1.2200 at €1.2215.
Spread Betting FX Futures Trading, 18 April 2012
The pound strengthened on the back of the inflation numbers which showed that prices continued to rise, decreasing the chance of another round of quantitative easing.
Cable closed at $1.5932, nearing in on the stiff resistance level at $1.6000, having traded as high as $1.5969.
With the MPC minutes expected to show diminished appetite for further stimulus, the pound could have a serious test of the $1.6000 level. At the time of writing, however, the GBP / USD spread betting market is just holding back at $1.5900.
Spread Betting FX Futures Trading, 17 April 2012
On the FX spread betting markets, the euro initially sank below the $1.3000 to touch $1.2998 on Spanish debt fears, but managed to pare losses on better than expected US Retail sales.
Reports that banks were hoarding euros ahead of a possible liquidity crunch, added to the strong bid seen in the afternoon and so the long term support at $1.3000 remains the key level.
At time of writing the little positive tone to equity markets is assisting the euro a little with EUR/USD up at $1.3135.
Spread Betting FX Futures Trading, 16 April 2012
The euro reversed Thursday's gains, spurred on by a spike in yields on Spanish and Italian debt, indicating resurgence in the European sovereign debt crisis.
Fears are brewing that yields could once again soar as trader's fear the Spanish government will need to be bailed out. Italy, with its even greater debt burden, is applying even more downside pressure to the single currency.
With the mood so negative, traders could soon test the $1.3000 big figure and this morning EUR/USD is at $1.3015.
USD/JPY has been in a tight range recently despite broad risk-off sentiment which has seen other currencies decline against USD. The pair is likely remain traversing sideways despite the volatility in other assets and currencies as, on the one hand, the prospect of further easing from the BoJ is still on the cards weakening the appeal of the yen. In contrast however, clear indications of another European sovereign debt crisis and possible QE3 from the Fed keep it well supported.
Financial Spreads » "With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." » read Financial Spreads review.
|
Spread Betting FX Futures Trading, 13 April 2012
As the euro continued its bounce off support at $1.3030 the bulls gathered momentum and took the single currency through the $1.3200 level.
The risk-on sentiment was due to an improvement in EU Industrial Production, and the suggestion that another round of stimulus could be on the way from the Federal Reserve. The gains couldn’t be sustained however and this morning EUR/USD is at $1.3180 with the immediate resistance level seen around the $1.3220 area. The big test for the bulls will be the stubborn $1.3380 level where they have met stiff resistance in the past.
Spread Betting FX Futures Trading, 12 April 2012
In forex spread trading, the euro made modest gains of 0.2% but still remains range bound. Caution is likely to keep a cap on gains ahead of today’s Italian bond auction.
The dollar dropped against the euro on Wednesday as equities recovered and Spanish debt yields fell. However, the single currency gave back some of the earlier gains after the Federal Reserve’s Beige Book report didn’t offer up any new direction on another round of quantitative easing.
Spread Betting FX Futures Trading, 11 April 2012
The negative outlook for equities saw money flowing out of the euro and into the dollar on flight-to-safety moves. However, EUR/USD has settled just above the $1.3030 support which has proven quite resilient over the short term and at the time of writing the market is at $1.3120.
The AUD/JPY shed 1.5% on Tuesday as the escalating European debt concerns led to strong safe haven buying of the Yen. At the same time, the Australian dollar sank as worries about global growth dragged down the commodity currencies which are heavily dependent on the export of raw materials.
However, keeping a cap on the declines will be the prospect of more quantitative easing from the BoJ as they attempt to revive their economy.
Spread Betting FX Futures Trading, 10 April 2012
In forex spread betting, the euro continued its correction against the dollar after being rejected by the $1.3380 resistance level. However it appears to have found near term support down at the $1.3030 level.
However, the ongoing concerns surrounding Spain will likely keep pressure on the euro whilst the lack of enthusiasm for further stimulus from the Fed looks to keep the dollar well supported. At the time of writing EUR/USD is at $1.3080 and near term support and resistance is seen at $1.3055/30 and $1.3135/60/80 respectively.
Financial Spreads » "With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." » read Financial Spreads review.
|
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.
'Spread Betting FX Futures Trading' by DB, updated 20-Apr-12
For related pages also see:
USD/JPY Spread Betting: Non-Farm Payrolls Data Sees Dollar Aim for ¥100, updated 03-May-13
With the US dollar rampant in the wake of the Non-Farms, it wouldn't be surprising to see USD/JPY make yet another attempt on the ¥100 level. Caution about the...read article: USD/JPY Spread Betting: Non-Farm Payrolls Data Sees Dollar Aim for ¥100.
FX Spread Bets: Euro-Dollar Tumbles as ECB Discusses Negative Rates, updated 02-May-13
The euro was hit hard this afternoon, not by the rate cut, but by comments in the press conference to the effect that the ECB had an 'open mind' about introducing negative interest rates for deposits. The currency...read article: FX Spread Bets: Euro-Dollar Tumbles as ECB Discusses Negative Rates.
EUR/USD Spread Betting Market Surges on Expectation of ECB Rate Cut, updated 30-Apr-13
The euro continued to find favour on the belief that the European Central Bank will take action to give the economy a boost. This expectation has turned into a near 200-point rise for...read article: EUR/USD Spread Betting Market Surges on Expectation of ECB Rate Cut.
FX Spread Trading: Commodity Currencies Gain on Positive Tone from Europe, updated 29-Apr-13
The more positive tone out of Europe and a weaker US dollar has driven capital back into the commodity currencies of the New Zealand and Australian dollar as the high yielders once again outperform the...read article: FX Spread Trading: Commodity Currencies Gain on Positive Tone from Europe.
Euro-Dollar Forex Pair Continues to See Selling Pressure at $1.3000 Level, updated 26-Apr-13
The euro continues to find selling pressure anywhere near the $1.3100 area. Another failed attempt yesterday however to the downside also seemed to be somewhat limited. The 200 DMA remains...read article: Euro-Dollar Forex Pair Continues to See Selling Pressure at $1.3000 Level.
Currency Trading: GBP/USD Rallies as UK GDP Beats Expectations, updated 25-Apr-13
The pound has been the biggest outperformer today surging higher to its biggest one day gain against the US dollar in 9 months. The rise came after the surprisingly good Q1 GDP numbers saw...read article: Currency Trading: GBP/USD Rallies as UK GDP Beats Expectations.
Interesting Inverse Correlation Between JPY and Risk-On Trading, updated 24-Apr-13
The recent injection of liquidity from the Japanese central bank has affected prices dramatically. One point to note is how the inverse correlation between Yen and risk-on has increased lately. This was illustrated nicely last night when...read article: Interesting Inverse Correlation Between JPY and Risk-On Trading.
Euro Tumbles as Investors Anticipate a New Rate Cut, updated 23-Apr-13
The euro has tumbled to a two-week low against the US dollar, trading briefly below the $1.30 level as traders anticipate a rate cut from...read article: Euro Tumbles as Investors Anticipate a New Rate Cut.
Forex Spread Betting Library, updated 17-Apr-13
An index of forex trading reviews, spread betting news, analysis and commentary. The forex spread betting articles focus on the major euro, dollar and pound sterling based...read article: Forex Spread Betting Library.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
