Spread trading markets are slightly higher this afternoon after positive manufacturing data from Wednesday keeps sentiment high, along with good unemployment data in the states ahead of Non-Farms tomorrow afternoon. China announced today that it is seriously looking at deeper involvement within the Eurozone by contributing to the EFSF via the IMF. Good news for Europe...
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Investors continue to push concerns about Europe and Greece to one side and focus on the fact that despite economic concerns, markets remain keen to focus on the positives. January manufacturing PMI data from China, Europe and the UK showed some signs of recovery and this has helped bolster these positives. As is normal...
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Having advanced steadily against sterling for a month, the New Zealand dollar came to a halt in mid-January and has done very little during the last fortnight. Each of the last two weeks has cost the pound roughly a cent against the Kiwi, but its opening level in London this Monday was essentially unchanged...
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If today’s moves in European markets signal anything, they signal a lack of confidence in European leaders to deliver on what investors had hoped last week would be some form of progress with respect to a Greek debt deal, over the weekend. Having seen markets hold on to the gains from the previous two weeks...
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The FED’s announcement last night gave financial spread trading investors renewed belief that the FED is willing to step in where necessary to help prop up the US economy. US markets are up strongly pre-market in European trading as they carry on the momentum from the gains experienced near the close last night. Durable...
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It was not one of the dollar’s best weeks. The US currency found itself languishing near the bottom of the pile, only in fractionally greater demand than the Japanese yen. The two safe-haven favourites had to sit idly by while forex spread trading investors revived their enthusiasm for the euro. Despite Standard & Poor’s...
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