Day: July 27, 2009

July 27
2009

Brazilian Real Continues Rally on Trade Surplus

The Brazilian real continued to gain versus the greenback today as renewed demand for Brazilian products helped the national stocks to gain, adding confidence to the real’s outlook. The Brazilian currency is one of the best performing this year versus the U.S. gaining more than 20 percent since January, and today, the account trade surplus helped the real to continue its longest streak versus the greenback, as demand for national products grow globally, and economies around the world start to improve. The real […]

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July 27
2009

Canadian Dollar Hits 10-Month High on Improved Confidence

The loonie reached the highest level since October as stocks and commodities rose, improving attractiveness for the Canadian currency. The U.S. dollar is been affected by a strong risk appetite wave, which decreased attractiveness for the greenback, favoring the Canadian dollar, which even if is being considered overdone by several currency strategists, is imposing a rally that brought it to the highest levels since last October, as stocks and commodities continue to rise. USD/CAD dropped to 1.0833 as of 18:32 GMT from a previous rate of 1.0860 […]

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July 27
2009

U.S. Dollar Down Before Home Sales Report

The U.S. dollar started another week losing against currencies like the euro, as a report today is expected to show that home sales in the United States rose significantly, suggesting that the global slump is facing its final days, consequently attracting investors to riskier assets in stocks. The dollar is entering the third week of losses today as multiple factors are pushing the currency down, from […]

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July 27
2009

Yen Drops as Asian Stocks Rally

The yen entered its eleventh day of losses versus most of the 16 main traded currencies as a rally in Asian stocks suggests that evidences indicating the end of the global slump are pushing investors to riskier assets, damping demand regionally for the Japanese currency. A report to be released in the U.S. is leading positive speculations today, as new home sales are expected to rise significantly according to economists, […]

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July 27
2009

Do You Trade Anything Else Except Forex?

I think that the Forex market offers a lot of advantages compared to the other types of financial trading. Currency pairs offer a variety of choices, events to react on and the technical analysis is simply beautiful in Forex. But I also like to trade in other markets. Because many Forex brokers also offer gold and oil, I sometimes like to set up long-term positions on these instruments. I also have some portfolio in stocks, […]

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