Day: July 14, 2009

July 14
2009

Canadian Dollar Rises on High-Yielding Renewed Attractiveness

The Canadian currency climbed today as Goldman Sachs posted higher than expected earnings, bringing confidence to traders to purchase high-yielding assets in equity markets, consequently raising attractiveness for the loonie. The Canadian dollar reached a 3-week high price as a U.S. report showed that retail sales increased in June more than expected, making the loonie to climb for the second day in a row, after posting 6 weeks of losses against the U.S. dollar, having […]

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July 14
2009

New Zealand Dollar Rebounds on Central Bank Statements

The New Zealand dollar posted its first climb in a week after a central bank statement which affirmed that the Southern nation will recover from the global slump at a faster pace than its main trading partners boosted attractiveness for the kiwi. After Reserve Bank of New Zealand Governor Alan Bollard declarations today that the New Zealand economy will climb faster than its trading partners, the national currency […]

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July 14
2009

Yen Weakens on Stock Prices Rebound

The yen, which rallied for almost two weeks versus the pound and the euro, entered the second day of declines against the Eurozone currency, as speculations today led investors to purchase high-yielding assets in equities markets. The Japanese currency declined versus all 16 major traded currencies as optimism returned to global financial markets on speculations […]

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July 14
2009

EUR/USD Continues Consilidation

Dollar continued to consolidate against the euro today despite the pro-recovery reports that were released today. It looks like the markets are still under a strong influence of the yesterday’s U.S. budget statement. EUR/USD is currently trading near 1.3967. PPI rose by 1.8% in June, following 0.2% increase in May and the 0.8% gain forecast for June. Retail sales increased by 0.6% in the month of June after rising by 0.5% in May. The market participants expected only […]

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July 14
2009

Auto Trading from Ava FX

Ava FX announced a new feature that now became available to their real account customers — Ava Auto Trading. It allows traders to set their accounts under an auto trading management of a chosen strategy. It’s a completely free feature and you still can control your trades and funds. The feature gives following advantages: You can choose the strategy from several available. Each strategy has a detailed […]

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July 14
2009

Ruble Declines as Russian May Enter Deeper Recession

The Russian ruble completed a week of consecutive losses versus the euro and the dollar, as speculations in Russia indicate that the recession will be depper than previously announced. Several reasons brought the Russian currency down since last week, which lost against the euro and the greenback for seven days in a row after oil […]

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July 14
2009

Mexican Peso Declines Further on Economic Outlook

The Mexican currency, highly dependent on its main trading partner, the United States, posted a sixth day of losses against the greenback on concerns that the economy in the region will not rebound as soon as forecasts predicted. The peso reached the lowest level in two months against the dollar as the U.S. economy has […]

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