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Day: April 29, 2009
April 292009
Euro Climbs as Pandemic Fears Ease
The euro rose against the dollar and the pound as concerns involving the swine flu have eased and the reported economic confidence in the region hit the highest level in a one-year period. The swine flu caused panic in the beginning of the week on speculations that it could deepen the global recession severely, making multiple stock markets to post sharp falls and high-yielding […]
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April 292009
Dollar Falls as Economy Shows Recovery
The U.S. dollar and the yen fell as signs that the recession could be ending attracted investors back to riskier assets, making the demand for refuge currencies, such as the greenback, to diminish. The greenback had the second day of losses against the euro on forecasts that a report to be released will show that the U.S. economy contracted at a slower pace in the first quarter while […]
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April 292009
Is Forex Easier for You with Forex4you?
Another Forex broker that offers a technically easier start for the new Forex traders was added to my Forex broker list today — Forex4you. Although they claim to be on-line since 2007 Ive never heard about this broker until several days ago, but they look worth looking at. Its a MetaTrader 4 broker with very easy starting conditions. You only need $1 to open a real trading account and you […]
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April 292009
U.S. GDP — Down, EUR/USD — Up
Despite the huge and quite unexpected drop of the U.S. gross domestic product in the first quarter of 2009 reported today, the stock markets rose globally, spurring euro and other high-yielding pairs in their gain against the greenback. The interest rates left unchanged werent a big news for the Forex traders. EUR/USD is now trading near 1.3264. According to the advance report GDP decreased […]
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