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Financial Spread Trading By Philip White

Not all the news was bad yesterday, as US growth numbers were positive, putting the onus on other Central Banks to evaluate possible rate hikes.

Nfl Betting Spread (EUNN) London - European Central Bank President Jean-Claude Trichet backs raising interest rates saying that he will reiterate the need for higher interest rates when he addresses the European Parliament.

Feb 2, 2005 (AXcess News) The Fed raised key interest rate a quarter of a point Wednesday which marked the Central Banks sixth rate hike for fed fund rates, bringing bank lending rates to 2.5 percent.The Fed fund rate increase came as no surprise to the market after the Central Bank' makers, led by Alan Greenspan, Chairman.

Commodity Spread Trading The European common currency, the Euro, has risen one percent already this year as currency traders bet on the ECB raising interest rates at least twice this year. Now that Trichet says he will emphasize the need to hike interest rates, currency traders may push the euro even higher.

Investors are convinced that there will be further rate hike to 4.25% in September following last week's hawkish comments by ECB president Trichet.

Betting Exchange Spread The ECB is looking to hedge inflation, not unlike the US Central Bank's new chief Ben Bernanke said the Federal Reserve must do to keep inflation in check in the United States by raising short-term interest rates at its next meeting in March.

Markets are expecting an additional rate hike later this quarter and a return to a hawkish rhetoric by Trichet will pretty much confirm market expectations.

Advanced Commodity Spread The euro traded at $1.1941 in late morning but had been as high as $1.1976 earlier, which it hadn't reached that high since Feb 10th. The euro rose to 141.08 yen, from 140.95. The dollar was at 118.12 against the yen from 118.06.

The market eagerly awaits this speech as Trichet may deliver some further clues on future rate hikes and on where the currency is heading.

Online Spread Betting Trading might have been stronger for the euro if it weren't for the Presidents Day holiday in the United States.

Stock Spread Trading Currency traders are expecting thatthe ECBwillraiseinterest ratesa quarter point next month to 2.5 percent, narrowing the yield advantage of US securities.

Betting Horse Racing Spread The yield on the three-month Euribor contract due March 2006 was 2.67 percent today.

Complete Guide Spread Trading The dollar rose 14 percent against both the euro and the yen last year as the US Federal Reserve raised rates eight times while the ECB increased borrowing costs for the first time in five years in December and the Bank of Japan left rates near zero.

Sport Spread Betting The cost of goods in Europe have been rising with Germany's producer price index at a 24-year high, according to a report released today. Germany is Europe's largest economy.

Low Spread Forex Trading With prices rising, the European Central Bank will need to raise interest rates in order to keep inflation in check.

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