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The latest events to impact on the strength of the dollar against a basket of other currencies merely served to underline the truth that the international currency exchanges appear to be behaving in an unusually febrile and reactive manner. The days when the events which generally caused large shifts in the values of currency were centred on economics – such as a change in interest rates, a slump in GDP or a round of quantitative easing – are long gone, and it is now often the smallest nuance of a speech or even the tenor of the latest Presidential twitter outburst which seems able to send a currency rising or falling.

Huge impact

The two events which impacted on the strength of the dollar in recent days can in no way be characterised as trivial. What is illuminating, however, is the manner in which any fluctuations appear to be extremely temporary in nature, with a correction of the position taking place with very little prompting. The first event sent the dollar plummeting to a new low of 91.55 against a basket of six other currencies on Tuesday 29th August, and was the North Korean launch which sent a missile flying over the northern Japanese island of Hokkaido. In particular, this event, and the fear that it would lead to a further ratcheting up in international tension, saw currency exchange traders handling increased investments in the yen and the Swiss franc, both traditionally seen as safe havens.

Two things eased the jitters of the currency markets, however. The first was the unified and coherent international response, with the UN Security Council publishing a unanimous condemnation which played the vital role of indicating that China, whilst being less vocal in its criticism of North Korea, is committed to enforcing existing sanctions against the rogue state.

Calm

The second calming aspect of the international response was the relatively measured response of President Trump. In contrast with previous threats to reign ‘fire and fury’ down on the country, and rather than firing out a string of late night/early morning tweets, President Trump issued an official statement, via the White House, noting that the world had received the message from North Korea ‘loud and clear’ and that all options were on the table.

The relief at the unified and reserved nature of the international response to the missile launch was reflected in the fact that the dollar rebounded to 92.47 by the morning of 30th August. The next event which looks set to be capable of impacting on the strength of the dollar is tropical storm Harvey and the economic fallout of disastrous flooding which has already managed to disable 20% of the crude oil refining capacity in the US. Whilst it may seem crass to ponder the economic impact of an event which is causing displacement, personal hardship and loss of life, the response to Harvey may well have a direct impact on the dollar.

Cost

In the first instance, the multi-billion dollar nature of the cost of the flooding itself will impact directly. On top of this, investors will be keeping a careful eye on the response of the government, and whether the help provided reinforces or counters the wider narrative of White House chaos and incompetence. In the longer term, some commentators are speculating that the once in a generation nature of the storms may prompt President Trump to soften his stance on the topic of climate change slightly. Whilst this will be welcomed by many people, it may increase the widely held fear that the tax cuts and financial stimulus promised by president Trump – a promise which helped to explain the relatively positive response from the markets to his initial victory – are never in fact going to arrive.


Wanting to make more money than what you usually make is definitely something that most people dream about. We all know that, money do not come easily. Of course, the world of betting is definitely able to offer us the option of gaining a few extra cash every now and then. However, since it is all in chance and there is absolutely no way for us to know whether we are going to win, we will simply not even try.

Not everything has to do with luck

Well, the truth is that although the general idea of betting is based on luck, there is a very special type of betting that has absolutely nothing to do with luck. It has to do with knowledge, patience, mathematics and of course the ability to actually be ready to make hard decisions.

We are talking of course about spread betting and the way you can earn money out of it. As you know, every time the world economy moves, people are either losing money or earning large amounts. Spread betting is giving you the opportunity to actually be one of the people who is going to earn great amounts of money.

Specific steps you need to take

As you can understand, there are certain key points to effective spread betting that you will need to follow in order for you to be completely sure you have made the most out of your purchases and of course your betting. And all of those key points can be given to you if you only know how to choose the right company to guide you.

Do not make the mistake of thinking that, in the world of spread betting you can do everything on your own. You definitely need a company to back you up. You need somebody to teach you exactly how this whole thing is going to go until you are ready to do it on your own. If of course you decide to do it on your own.

Always remember that, in the world of finances, there is absolutely no room for mistakes. If you are interesting in becoming a part of spread betting then definitely focus on getting the best out of it. Be prepared to lose as well as earn money. But with the right help we can guarantee that, your earnings are definitely going to be worth the money you will be spending.


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