Spread Trading Forex UK
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The Spread Trading Forex UK review with quick and simple answers to common forex spread betting questions:
Spread Trading Forex UK, 21 October 2011
The dollar is seeing a little bit of strength this morning with the dollar index hovering just above the 77 level.
This is at the expense of the euro and sterling which are drifting to the downside but not with any great momentum.
EUR/USD is finding it difficult to hold onto the $1.3800 level as it trades at $1.3735 at the time of writing having been trying to hold its ground overnight.
Cable is not suffering as much as the euro this morning and so sterling has the edge over the single currency this morning as GBP/EUR trades at €1.1480.
Having traded between €1.1400 and €1.1500 over the last few days, the ongoing talks in Europe could give the pound the momentum to push beyond the near term resistance at €1.1500.
Spread Trading Forex UK, 20 October 2011
There was strong interest in the euro yesterday and traders piled into the single currency, hiking it 140 pips against the dollar, but by around 7pm it had almost reversed the whole day’s gains.
We saw the shift after S&P cut Slovenia’s credit rating, which encouraged FX spread betting investors to move out of long euro positions.
At the moment we have the ongoing speculation regarding the Franco-German divide and this is causing concerns as to how the European Financial Stability Facility can be maximised.
The euro is still dropping off this morning and is trading at $1.3686 against the dollar. With equities down strongly as well this morning, traders don’t appear to be in the mood for any risk-taking.
Spread Trading Forex UK, 19 October 2011
Bank of England minutes are released this morning so it’ll be interesting to see just how many of the MPC members joined the increase QE camp that Adam Posen has constantly been in.
Later today the US will release their inflation data and then there’s the Fed’s Beige Book in the evening so there might be some excitement later on in the day too.
After a bit of a rollercoaster of a day on the forex spread betting markets, the euro ended the day pretty much flat against the dollar.
Traders are cautious at the moment as to how things are going to pan out at the EU leader summit October 23rd. However, both France and Germany have stated that they would support the idea of quadrupling the European Financial Stability Facility to two trillion euros.
The pair is having a small rally this morning off the back of that, trading at $1.3815 and there’s support seen at $1.3725 and resistance at $1.3830.
Spread Trading Forex UK, 18 October 2011
The official UK CPI measure is expected to rise to 4.9% year on year, a whisker off 5% which many expect it to beat at some point, even the BoE has admitted this. Considering the upward pressure to prices from energy bills we could even see inflation hit that number today.
The recent announcement from the BoE that they’ll be printing more cash means that high inflation is likely to stay way beyond most people’s expectations. It will only take a prolonged period of flat or even negative growth to bring it back down.
Later on this morning we get the German ZEW survey which is closely watched as it has been weakening significantly in the past few months. It will be interesting to see whether economic expectations have improved a little ahead of Sunday’s big plan announcements.
Despite trading near a one month high, the EUR/USD forex pair dropped off drastically as traders were shaken by the news that German leaders think it is unrealistic to find a solution for eurozone debt problems by the October 23rd summit.
This wasn’t what they said a couple of weeks back was it? The euro is now trading at $1.3704 against the dollar and momentum is pointing strongly downwards. It has broken through a rising trend line, which could signal further weakness from here.
Spread Trading Forex UK, 17 October 2011
Since the start of the month the euro has put in a good performance against its counterparts and was just short of a month high on Friday versus the dollar.
Despite the strength in equities, this morning the forex spread betting market is looking a little more cautious than we could have expected. Some spread bettors are positioning themselves just in case European leaders struggle to meet the deadline in curbing the debt problems.
The euro is down against the dollar this morning at 1.3861 but is trading above its 1.3800 support level, which could signal some potential upside here.
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Spread Trading Forex UK, 14 October 2011
FX markets are largely flat this morning so for now the dollar's recent weakness is taking a respite.
The euro has made some decent gains against the US currency but seems to have come to a halt around $1.3800.
At the time of writing the euro - dollar currency pair is at $1.3770, with near term support and resistance seen at $1.3700, $1.3615, $1.3570 and $1.3830, $1.3875, $1.3950 respectively.
Sterling has had what can only be described as a rather boring time trading against the euro, as GBP/EUR is pretty much flat on the year.
Oscillating between €1.2 and €1.1 throughout the year it really has been the battle of the dogs with no major breakout in either direction.
Until the Eurozone mess is sorted out, or the BoE looks set to raise interest rates again, this trading range could continue for the foreseeable future. At the time of writing the pair is at €1.1440.
Spread Trading Forex UK, 13 October 2011
The Dollar was the whipping boy yesterday and has now pretty much eradicated the gains it has built up since the middle of September.
This resulted in good strength for EUR/USD which surged back above $1.3700 and is now hovering around $1.3800 at the time of writing. The Dollar weakness gave Cable a boost too which almost hit $1.5800 but this morning is at $1.5735.
One of the biggest gainers against the US currency in the past few days has been the Australian Dollar which has enjoyed an 8.5% rise from its recent lows around $0.9400.
Now well back above parity, the AUD/USD is at $1.0220 this morning testing a three week high.
Spread Trading Forex UK, 12 October 2011
Forex spread betting markets were, on the whole, rather range bound yesterday. The EUR/USD rejected the $1.3700 level before bouncing off its lows in conjunction with equity markets in order to have another look at its highs.
This morning the pair is at $1.3645 still finding the push above $1.3700 too much. This is the near term resistance followed by $1.3760 meanwhile $1.3570/20 and $1.3470 are seem as support.
The weaker than expected UK manufacturing data gave the bears the opportunity to push Sterling a little lower. Cable dipped back below the $1.5600 and this morning the pair is at $1.5590.
Sterling has managed to remain relatively strong considering that the UK economy has flat lined over the past year, but questions are now being asked over the little "safe haven" status it has recently enjoyed.
As mentioned in before, the UK finances are not in good shape and aren't getting any better either. The new bout of QE isn't positive for the UK's currency either and so at some point investors might turn against the Pound.
The Euro has also had the edge over Sterling so far this month, bringing the GBP/EUR spread betting market back down from the dizzy heights of €1.1700 to €1.1425 this morning.
Spread Trading Forex UK, 11 October 2011
FX markets are broadly flat this morning with the Dollar not doing much. It’s weaker against the Euro and a little stronger against the Pound so not much to write home about.
Like the shares spread betting markets, EUR/USD has enjoyed a good rally in recent days but is finding it hard to maintain gains around the $1.3700 level.
A few failures there in the past make this the big resistance level for the pair to overcome and with it trading at $1.3665 at the time of writing it’s not far off possibly having a go.
Spread Trading Forex UK, 10 October 2011
Currency spread betting investors have taken positively to the Franco-German meeting regarding recapitalising banks and the Greek rescue, and the Dollar and Yen have taken the brunt of it this morning.
The Euro is having a tasty 150 pip rally versus the Dollar, now trading at $1.3538, and the Euro - Yen spread betting market is also seeing gains.
Let's not forget Fitch's downgrade of Italy and Spain's credit rating, which is obviously a negative factor to be taken into account. However, there is finally some indication of action coming from Eurozone leaders and so, at least in the short term, the Euro will enjoy this bear squeeze.
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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 Trading Forex UK' by DB, updated 21-Oct-11
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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
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
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Forex Spread Betting April 2009, updated 10-Apr-09
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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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