The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved. HSBC Holdings Plc posted a significant net profit today annulling analysts forecasts that indicated a loss for this year’s first semester, making the pound to climb massively not only versus a weakened U.S. dollar, but also against the European common currency, reaching a one-month high […]
Read moreThe Brazilian real posted another day of heavy gains versus the U.S. dollar indicating that the South American currency is one of the most preferred among risk thirsty traders. The Brazilian currency reached an eleven-month high against the U.S. dollar as manufacturing in China, Brazil’s most relevant commercial partner, had the highest rise in a year, spurring demand for the real and improving attractiveness in South American stock exchange markets. The real climbed more […]
Read moreThe euro has been trading near a two-month high versus the dollar during most of the past week, and may climb to higher levels today on a U.S. manufacturing report that is likely to show the highest production in a twelve-month period, raising risk appetite among investors and affecting the greenback negatively. The dollar is losing constantly versus the Eurozone currency since the global economy has been posting more solid signs of recovery, three […]
Read moreDescription of another Middle Eastern Forex broker was added to the list on my site today — RFXT. It’s the first Lebanese broker I’ve encountered. It’s not a very stable country, but Forex is quite popular there and this broker looks quite well regulated (audited by the country’s central bank). The broker uses MetaTrader platform and is operating since 2008. Other highlights of RFXT include: Islamic Forex trading accounts […]
Read moreEuro came up against the U.S. dollar unexpectedly today as the key fundamental indicators of the world’s biggest economy showed a positive signal for the euro bulls and dollar bears. It looks like we are heading for another week of global stock positive, which will lead to a continued uprise of such currencies as the euro. EUR/USD is currently trading near 1.4362. ISM manufacturing index rose from 44.8% to 48.9% during the month […]
Read moreAs far as I’ve noticed, different people look for different things when they search for a Forex broker. Personally I like low minimum trading volume (I don’t have a big trading balance and I like to manage risks precisely), easy and fast deposit/withdrawal options and a friendly, helpful customer service. Such combination usually makes a good broker for me. But from my own experience the vast majority of the Forex traders, first of all, looks for a well-regulated […]
Read moreThe U.S. dollar started another week with optimism weighing negatively on its outlook, as a report is likely to indicate the highest manufacturing level in the United States in almost a year, attracting investors to higher-yielding currencies. The U.S. dollar is posting losses versus its Canadian and Australian counterparts today after former Federal Reserve Governor Alan Greenspan said that the worst recession in decades is likely to be ending, decreasing attractiveness […]
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