Day: November 30, 2007

November 30
2007

ECB Worries about Inflation Rising

October consumer prices inflation report added some new troubles for ECB to worry about as the released 2.6% CPI growth last month exceeded ECB’s target of 2.0%, while the economy growth is not performing at the pace that would allow another rate hike soon. Until September 2007 ECB had fought inflation with some success – […]

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November 30
2007

Fed Cut Talks Increase Confidence in High Risk Currencies

Recent talks by Federal Reserve Vice Chairman Donald Kohn about possible interest rates cut by the Fed added confidence to the Forex market traders that rely on buying risky currencies with the cheap low risk Japanese yen – so called carry traders. Worried by the high possibility of U.S. economy recession (stated by all major […]

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November 30
2007

FXcast Offers Corporate Accounts

FXcast Forex broker announced today that it is now starting to accept corporate Forex trading accounts, providing full array of required paperwork. A legal company trading account can allow some successful Forex traders to create managed pool accounts based on FXcast brokerage. So, if you think you are good at Forex trading and view yourself as an entrepreneur you can try opening your own […]

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November 30
2007

Another Day of Weak U.S. Statistics

Euro tried to regain some of its strong positions against U.S. dollar today after some new weak economical statistics regarding personal income and spending were released to the financial market traders. But after construction spending and very optimistic PMI reports were released dollar started to press on euro and EUR/USD returned to its daily open value. The most notable are the personal income and personal consumption expenditures (PCE) […]

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