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Day: June 2, 2009
June 22009
Pound Slides as Traders Consider Current Rally Excessive
The pound sterling dropped versus the euro and the dollar, after hitting a seven-month high against the dollar in a sharp rally to be considered excessive, as traders agree it does not reflect the United Kingdoms economic outlook. The British pound also lost ground against the yen and the countrys main stock exchange index, the FTSE 100, dropped 1 percent after two days of significant gains. […]
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June 22009
Dollar Stable Against Euro After Hitting Year Low
After hitting this years low against multiple currencies, the dollar remained stable against the euro, showing a slight correction, yet, the sentiment remains bearish as risk appetite grows. The greenback hit its lowest rate versus a basket of currencies this Monday, after a long rally fueled by economic signs of recovery in Asia and Europe, damping demand for the dollars safety investment profile. Today, the […]
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June 22009
Forex Money Rain?
Money Rain Corporation is a Forex broker with a MetaTrader 4 platform that offers quite interesting conditions to its traders. Its description was uploaded to my site today. MRC offers trading mini accounts from $100. The most interesting advantage it has is the interest on the trade balance, which is quite generous. Trading accounts can be kept in several currencies — the yearly interest rate depends on the accounts currency and […]
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