Day: August 4, 2009

August 4
2009

Israel’s Sheqel Falls on Dollar Purchase Speculations

The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency. The Government of Israel started a program last year when the global slump had its worst moment to increase national exports competitiveness, buying U.S. dollar as an attempt to weaken the national currency. Today, the Israeli sheqel was amongst the worse performing world currencies losing more than 2 […]

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August 4
2009

Will the Pound Rebound to Pre-Crisis Levels?

The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency. A British construction index indicated today the slowest contraction in the sector in a 16 months period, which helped the pound to gain versus the greenback, reaching the highest level in 9 months, and versus the euro, topping at the strong rate in 30 days. The pound was […]

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August 4
2009

Spot and Options Forex Trading with IS Markets

IS Markets (IntelliSource Markets) is a new Forex broker, which description was added to my site today. It’s based in Netherlands but is also registered in Nevis. It’s a MetaTrader broker that offers variable spreads on EUR/USD (that are still quite high, nevertheless — 2–3 pips on EUR/USD currency pair). More features of IS Markets include: On-line since 2009 CFD and Forex options trading available Minilots […]

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August 4
2009

Small Correction in EUR/USD on Low Personal Income

EUR/USD pair showed a technical small correction after three days of growth (two of which were extremely strong). The euro reacted to the decrease of the personal income in United States. After reaching its highest level since mid-December, EUR/USD is now trading near 1.4388. Personal income decreased by 1.3% in U.S. in June after the same gain in May. The forecasts showed -1.0% change for the reported month. Personal spending rose […]

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August 4
2009

Yen Rebounds on Stocks Correction Movement

After gaining sharply for three days in a row, today stocks declined around the world, fueling demand and opening a profit opportunity with the currently weakened Japanese currency, which is witnessing its first significant climb in a week. Today, Bayerische Motoren Werke AG, commonly known to the public as the BMW vehicle manufacturer, posted a 76 percent decline in its profits, causing European stock markets to open in the negative, consequently attracting stock […]

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August 4
2009

Canadian Dollar Climbs Fueled By Stocks Rally

The Canadian dollar reached a 10-month high versus its U.S. counterpart as corporate earnings, mainly in North America, but also in Asia and Europe, posted better-than-expected numbers, pushing investors to the already attractive Canadian currency. The crude oil price rally during the past weeks has been favoring the Canadian dollar massively, since one of the main national exports to the U.S. is the oil, which experiences an increase on its price as demand for energy […]

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