Spread Betting

Financial Spread Trading By Randy Chen

Two weeks ago, the BoE surprised the markets with an unexpected rate hike, fueling expectations for additional rate hikes, while in Europe, the ECB sounded less hawkish.

Nfl Betting Spread (AXcess News) Hong Kong- The U.S. dollar declined Tuesdayagainst the euro on speculation that the European Central Bank (ECB) will raise interest rates tomorrow when it meets. The euro has already risen two days in a row in anticipation of ECB President Jean-Claude Trichet signaling another rate hike when the policy board meets.

An ECB rate hike from 3.25% to 3.5% is universally expected, following many hints made by the ECB regarding %trong vigilance% in the past two weeks.

Commodity Spread Trading The euro reached a record against the yen and a two-month high versus the dollar on speculation rate increases by the ECB this year will outpace the Federal Reserve.

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 Currency speculators believe the ECB will hold interest rates at the current 2.5 percent tomorrow but that in May it will raise the rate for the 12-nation European Union's currency to 2.75 percent.

A weak outcome could revive speculation of an early rate cut from the Fed which would undermine the dollar.

Advanced Commodity Spread The euro was at $1.2247 this morning in Tokyo from $1.2258 in New York late yesterday. It traded at 143.86 against the yen, from 144.07 yesterday, when it reached 144.14, the strongest since the euro's January 1999 debut, Bloomberg Europe reported.

The EUR was one of the only currencies that could sustain the blow taken from the release of the Nonfarm Payrolls and came back exactly to where it started prior to the release. 0.1% into positive 0.1% and instead soared to 2.6%. 00 GMT with a consensus of 0.3%. The highlight of this coming week will surely be the ECB Rate decision which is widely expected to hike 0.25% to 4.00%. If indeed the ECB will hike the rate we expect local appreciation for the EUR this week.

Online Spread Betting The United Arab Emirates, Qatar and Kuwait said they may be adding to their already hefty $36 billion in euro reserves in anticipation of the EU currency rising in value against other major currencies this year.

[ Comment, Edit or Article Submission ]