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Day: May 5, 2009
May 52009
Brazilian Real Hits Six-Month High as Commodity Prices Rise
The Brazilian currency has been rallying against the dollar since risk appetite has increased last week on global markets, a rise in commodity prices and the domestic stock market helped the currency to strengthen. Brazils real and the South African rand are the two best performing currencies since the optimism has returned to global financial markets, which made traders leave refuge […]
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May 52009
Euro Weakens on Rate Cuts Speculations
After consecutive days rallying against the dollar and the yen, the euro fell on speculations that the European Central Bank will cut its interest rates to stop the deepening recession to cause more damages in the blocs economy. The European Commission declared yesterday that the Eurozone economy will contract around 4 percent this year, a more pessimistic forecast than previous ones, which […]
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May 52009
Know Any Good Free Forex Sites?
I am currently working on a project that has a lot to do with the free Forex sites. If you know any good free sites that offer information about trading, or some downloads, or EAs, or anything else interesting, please, post the URLs in a commentary below. If you own such site this is a good chance for you to promote it :). But the site should be free, I dont need any affiliate or broker sites […]
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