The commodity-oriented Australian, Canadian and New Zealand dollars clustered just ahead of the pound after a game-of-two-halves rally and relapse. This also played out in the GBP/AUD spreads.
That Australian dollar ended up leader of the bunch, but only by a narrow margin and for no compelling reason.
Other than its still-attractive interest rate, there was...
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Archive for September, 2011
GBP/AUD Spreads Fall Ahead of RBA Monetary Policy Meeting
Barclays Surges 6% as Bargain Hunting Lifts European Spread Trading Markets
European stock indices saw a strong reversal from the previous few days of losses on Tuesday, with the FTSE, DAX and CAC rallying between 3% and 3.8% as traders attempted to use the recent weakness to pick up stocks a lower levels.
Whilst today’s stock price bounce is certainly welcome and encouraging, it needs to...
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DAX Spreads Continue to Fall as Eurozone Crisis Worsens
European stock indices suffered yet more losses on Tuesday in a very choppy trading session with investors unwilling to hold onto risk for too long on concerns over the impact of the political discourse over the European sovereign debt crisis.
The FTSE 100 did however outperform broader European trade with commodity stocks helping to...
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Gold Spreads Surge Towards $1880 on Data Showing Stagnation in US Job Market
The FTSE 100 finished the week on a sour note after investors decided to downsize the amount of risky assets that had built up throughout the bullish start to the week as US jobs badly missed analyst forecasts.
It was the moves by investors to shy away from risk that locked in a sour...
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