Day: April 1, 2009

April 1
2009

Forex Market is Closing Down

Some people predicted it long ago, but no one really believed it until today. It was announced by the BIS (Bank for International Settlements), IMF (International Monetary Fund) and the world’s leading private banking institutions that the traditional Forex market is going to be closed very soon. The retail Forex market attracted to much attention from the general public, creating riches for some and making others poor. It was decided that all on-line Forex brokers […]

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April 1
2009

EUR/USD Down Slightly after Series of Reports

EUR/USD fell from 1.3242 to 1.3222 (only 20 pips) today. The news reports from U.S. were mixed, but they were bad enough to destroy the market optimism and shift the focus on the Forex from the dollar’s weakness to tomorrow’s ECB rate decision. According to ADP report, the private nonfarm employment declined by 742k in March after falling by 706k in February (revised down from 697k). The report was […]

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April 1
2009

Euro Declines on Unemployment Report

The single European currency declined today to the levels close to its 2-week low before and after the report on Eurozone February unemployment negatively surprised the traders. The Japanese yen, the U.S. dollar and the British pound all gained against the euro as the investors expected that the jobless rate will grow in the Eurozone at faster pace than the analysts […]

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