Day: July 15, 2009

July 15
2009

Pound Climbs on British Jobs Data

The pound climbed sharply against the dollar and the yen as an employment report with optimistic figures may have indicated that the worst of the recession is already behind, spurring demand for the British currency. The pound, which lost significantly against the dollar and the yen last week, virtually pared its losses as an employment […]

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July 15
2009

Canadian Dollar Hits One-Month High on Crude Oil Advance

The loonie posted the third day of advances against its U.S. counterpart as the crude oil, one of the main country’s exports, advanced today, boosting demand for the Canadian currency. The Canadian dollar has been one of the best performing currencies this week, as stocks and commodities rebounded thanks to a renewed risk appetite among traders, favoring the high-yielding profile of the loonie. The greenback may continue to loose further versus its Canadian counterpart if the demand […]

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July 15
2009

South African Rand Climbs as World Cup Strike Ends

The South African rand, which posted several weeks of decline as a new wave of risk aversion spread around equities and currency markets, rose as the world cup stadium construction workers strike ended, raising confidence in the country as stability returned. The South African rand was one of the most punished currencies by a new wave of risk aversion that struck markets last week, as concerns regarding the global slump rose, making the high-yielding emergent […]

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July 15
2009

Yen Down on U.S. Output Report Speculations

The yen and the greenback proceeded for a third day dropping as a report in the United States today is likely to indicate that the industrial production is shrinking at a slower pace, rising confidence that the global slump is easing, and consequently pushing traders to high-yield. A very positive day in stock markets this Tuesday has attracted investors to purchase high-yielding assets, damping demand for the safety of the […]

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July 15
2009

EUR/USD Goes Up as Stocks Rally

Fundamental indicators that were released today only follow the trend set up on the Forex market, where EUR/USD pair rose to its new weekly high as the traders favored high-yielding assets. Bad macroeconomic releases from U.S. didn’t help the dollar to grow against the euro. EUR/USD is now trading near 1.4090. CPI increased at a seasonally adjusted rate of 0.7% in June, following 0.4% gain in May. […]

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July 15
2009

Mauritian Forex Broker — FxCompany

FxCompany is an on-line Forex broker company registered on Mauritius and regulated by its Financial Services Commission. This broker offers about 400 different trading instruments, including Forex pairs, CFDs, futures, metals and oil. It also features one of the best spreads on EUR/USD I’ve seen — only 0.8 pip. I don’t even know how they manage to earn profit with such a low spread. Other FxCompany’s highlights include: MetaTrader platform Leverage […]

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July 15
2009

Brazil’s Real Hit One-Week High on Retail Sales Data

The Brazilian currency rebounded against the U.S. dollar after May retail sales were published today, with better than expected figures, indicating that the Brazilian economy is recovering from the worse recession since the real was introduced in 1994. Both international and national events helped the real to gain today against several currencies, in Brazil, retail sales grew 4 percent in May in the annualized figures, improving traders confidence […]

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