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Day: May 29, 2009
May 292009
British Pound Climbs as House Prices Rebound
The pound sterling rallied against the dollar and the yen after a report on house prices revealed an unexpected rise in May, boosting confidence among investors that the real estate crisis may be easing. The excellent news for the United Kingdom currency revived hopes for this European nation, one of the most hit by the global crisis and the credit crunch. A report […]
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May 292009
Stocks Rally Push Dollar Down as World Economy Improves
The month of May posted the biggest losses for the U.S. currency in a one-year period against the euro, as equities markets continue to rise on optimism about improvements in the global economic situation. The greenback lost ground against currencies around the world, and after South Korea affirmed that its state pension fund will sell Treasury bonds and diversify their investments to other […]
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May 292009
Blogging About Forex for 3 Years
Today is the 3rd anniversary of the EarnForex blog. 3 years ago Ive made my first post (which was less than anything meaningful) to this blog. Many posts have been made since then and I hope that the quality of the content has also improved since 2006. The process of blogging about something as commercial as Forex is far from trivial. Keeping the readers interest is one thing, but being useful to the traders that risk their own […]
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May 292009
EUR/USD Demonstrates Fastest Gain in 3 Weeks
The dollar fell at a fastest pace in 3 weeks against the euro today as the Q1 GDP decline was reported to be not so bad as expected. EUR/USD is now trading near 1.4114 and technical analysis shows that it will probably continue to grow at least until 1.4350 in the next few weeks. Preliminary GDP report for the first quarter of 2009 showed a decline by 5.7% — better than the 6.3% drop that was reported […]
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