Spread Betting FX Trading
Spread Betting
 

Spread Betting FX Trading

Spread Betting FX Trading

The Spread Betting FX Trading review with quick and simple answers to common FX spread betting questions:

Spread Betting FX Trading News

Forex Spread Betting News
Forex Trading Review
Forex Technical Analysis
Mid-Morning Trading Update
Closing Market Commentary

Spread Betting FX Trading, 9 September 2011

On the currency spread betting markets, the Euro, which rather like the equities has been pretty resilient in recent days, finally dipped below the $1.4000 and ended its session there too.

The ECB's statement, which was more bearish than simply dovish, wasn't received well by holders of the Euro and so the single currency suffered as a result.

Certainly no further interest rate hikes from the ECB can be expected any time soon and we may even see a cut next year if things don't perk up on the growth side.

So this morning EUR/USD is at $1.3910 with support and resistance levels are seen at $1.3875/15 and $1.4020/4110 respectively.

Cable managed to get itself back above the $1.6000 level yesterday but this morning it hasn't been able to hold on dipping back below to $1.5965.

Sterling didn't do too badly out of the BoE meeting as the very slim chance of further QE did not materialise. Support and resistance levels for Cable are seen at $1.5915/5875 and $1.6075/6140 respectively.

The moves in Sterling and the Euro gave another boost to GBP/EUR which took it back towards €1.1500.

At €1.1483 this morning all eyes are on the 200 day moving average which in the past month has proved very stubborn resistance. A break above €1.1500 could open the wave for €1.1600.

Many FX traders' eyes have been on the Swiss Franc and how the SNB's comments earlier in the week have affected the trend for the traditional safe haven.

So far their comments have caused a continued flow of cash out of the Swiss Franc and EUR/CHF appreciated further to over SFr 1.2100 even though the Euro weakened against other currencies.

This morning EUR/CHF is at SFr 1.2115 so Franc bears will be looking for a test of SFr 1.2250 and around SFr 1.2400 where the 200 day moving average currently sits.

Spread Betting FX Trading, 8 September 2011

The economic releases will be interest rate focused with no action expected from either the BoE or ECB so once again it’s the language that will be most focused on.

The BoE is expected to become more dovish as is the ECB too and now people are even calling for the ECB to cuts rates, not doing much for Trichet’s credibility.

Good news for the Euro on the forex spread trading markets yesterday after German courts assured their bailout commitments for Greece. This spurred traders to shift into higher yielding riskier assets including the Euro.

The single currency spiked at one point to $1.4148 against the Dollar and also ended six down days on the spin. Saying that, it’s business as usual this morning and the Euro is trading down to $1.4066. Traders should watch out later during Obama’s speech to see the how the Dollar moves, but as it stands, the pair has support at $1.4010 and resistance stands at $1.4110.

Spread Betting FX Trading, 7 September 2011

Yesterday the Swiss central bank drew a line in the sand for the Euro - Swiss Franc rate by saying it will defend the SFr 1.2000 area as the crisis over sovereign debt continued to rumble on.

We continue to see politicians’ indecisiveness fuelling volatility which threatens the very being of the project they are so keen to defend. Fear that defaults will send the crisis spiralling out of control it still palpable and a break up of the Eurozone very much a possibility, so why isn’t something being done?

For other global investors the situation also remains unsettling due to the knock on effect this will all have on the rest of the world. The chances of a second recession are greater now than they have ever been and the lack of confidence is doing its part in causing growth to take a dive.

It was fun and games yesterday for the Euro as it rallied early morning as high as $1.4281 and then plummeted all the way back down within a few hours.

It went as low as $1.3973 towards the end of the day over concerns that the German economy is slowing. This morning, the Dollar has weakened ahead of the release of the Central Bank’s Beige Book survey of economic conditions.

Traders this morning appear to be happy to take on some risk as they are moving out of the safer Dollar. Currently the Euro is trending higher against the Dollar at $1.4070 and sees resistance at $1.4025 and support at $1.4100.

Spread Betting FX Trading, 6 September 2011

The Euro continued to have a rough time yesterday on the forex spread betting markets, in particular falling against the Dollar and Swiss Franc as traders sought after the safer currencies.

Naturally the Euro took a beating in line with the equity sell off which were hit hard yesterday after more worries over the Eurozone debt situation. Against the Dollar, the single currency has fallen consistently for five days and it looks like this morning we are seeing a bit of a bear squeeze.

The shares spread betting markets are up and the Euro has bounced around 60 pips to $1.4109 breaking through its resistance level. Although this could be a positive signal, it is capped by a medium term declining trend line, so traders should be cautious of a reversal.

Spread Betting FX Trading, 5 September 2011

Last Friday the Euro had a bit of a spike against the Dollar after the US employment data was released. However, the jump was short lived and the pair has continued to fall ever since.

This has come on the back of an election loss in Germany where Angela Merkel’s home state didn’t vote for her party. Of course the main worry with this is that there could be less support for further Eurozone bailouts. As a result, the pair is now trading around $1.4127 and has traded below its last resistance level.

In line with the concerns for support in Merkel’s party, the Australian Dollar has fallen to a week low against the US Dollar. To add more woe to the Australian currency, they have their central bank meeting tomorrow and it’s expected that interest rates will stay on hold at 4.75%.

Currently trading at $1.0581, the pair could see potential downside over the next couple of days as the build up to the rate decision approaches.


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Spread Betting FX Trading, 2 September 2011

FX spread betting markets continue to remain a little placid, with many pairs just drifting sideways. Hardly surprising really when you have the Non Farms out later today and so we could possibly see this trend continue at least until 13:30 London time.

A couple of minor break outs to the downside are supporting the Dollar, which has been just about holding its own at the moment, with the Dollar index just above 74.000.

For individual pairs, EUR / USD was one of the pairs that saw a move lower yesterday which is following through today. A break below $1.4300 has taken us further down to $1.4220 this morning and so levels to watch now are seen at $1.4185 below and that previous support seen around $1.4300 and then $1.4350.

Spread Betting FX Trading, 1 September 2011

FX spread betting markets had a relatively quiet day in the grand scheme of things with the Dollar just about holding its own.

This morning things look better still for the US currency with EUR/USD and GBP/USD at $1.4310 and $1.6230 respectively.

For the Euro $1.4275/50/20 are support levels with $1.4385 and $1.4420 being resistance targets. In Cable's case, $1.6200 and then $1.6135 are seen as support with $1.6330/65 expected to give resistance.

Currency markets really have been rather boring in the past couple of weeks with few pairs making any considerable ground. AUD/USD stands out though, having recovered from hitting parity at one stage early on in August. It has formed a massive hammer candlestick on the daily chart and since then it's made its way back to $1.0700.

This morning the pair is at $1.0695 and support and resistance levels are seen at $1.0610 and $1.0750 respectively.

Spread Betting FX Trading, 31 August 2011

Currency spread betting markets are flat this morning on the whole with a smidgen of Dollar weakness.

The Euro recouped losses following the poor EU confidence number in the morning after the US confidence data disappointed. The Euro - Dollar spread betting market has now surged back above the $1.4400 level to $1.4460 following better than expected German unemployment data.

Over the near term resistance is seen at $1.4475 and then $1.4525/50 with support expected at $1.4380/50 and then $1.4290.

Spread Betting FX Trading, 30 August 2011

The strength in equities is not being complimented by the usual Dollar weakness you’d expect in the currency markets.

The US currency is just holding its own against the other majors so EUR/USD is at $1.4490 and GBP/USD is at $1.6380 at the time of writing.

Volatility in the FX spread betting markets over the past couple of weeks has actually been relatively low, when compared to equity markets, with EUR/USD oscillating around the $1.4400 level. For the near term at least support and resistance is seen at $1.4430/1.4395 and $1.4525/50 respectively.


Financial Spreads >> "With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read Financial Spreads review.

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 FX Trading' by DB, updated 09-Sep-11

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Forex Spread Trading December 2010, updated 17-Dec-10
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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
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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
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Forex Spread Betting September 2010, updated 10-Sep-10
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Forex Spread Trading August 2010, updated 27-Aug-10
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Forex Spread Betting August 2010, updated 13-Aug-10
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Forex Spread Trading July 2010, updated 30-Jul-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
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
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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
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Forex Spread Betting August 2009, updated 28-Aug-09
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Forex Spread Trading August 2009, updated 14-Aug-09
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Forex Spread Trading July 2009, updated 31-Jul-09
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Forex Spread Betting July 2009, updated 17-Jul-09
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Forex Spread Bets June 2009, updated 03-Jul-09
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Forex Spread Trading June 2009, updated 19-Jun-09
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Forex Spread Betting June 2009, updated 05-Jun-09
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Forex Spread Trading May 2009, updated 22-May-09
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Forex Spread Betting May 2009, updated 08-May-09
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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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