LONDON, October 7, 2011 /PRNewswire/ --
Award-winning spread betting provider City Index (http://www.cityindex.co.uk/) is offering one point spreads on a range of markets traditionally affected by the nonfarm payrolls data, which is next due for release at 1:30pm (UK time) on Friday 7th October.
Joshua Raymond, Chief Market Strategist of City Index, explains the impact of the nonfarm payroll report on market activity: "Nonfarm payrolls really are one of the standout pieces of data that traders look for every month. We see huge amounts of trading activity in the immediate aftermath of nonfarm payroll figures."
Mr. Raymond believes the volume of activity is often proportional to the difference between the payroll figures and consensus expectations beforehand. "The bigger the [difference], whether positive or negative, the bigger the increase in trading volumes we would typically see in the immediate time frame after the data is released".
The narrow spreads offered by City Index include:
Wall Street Rolling Spread - 1 point
UK 100 Rolling Spread - 1 point
Euro/US Dollar Rolling Spread - 1 point
Find out more about trading with City Index at http://www.cityindex.co.uk/
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, market analysis, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information.
SOURCE City Index