Day: August 10, 2009

August 10
2009

Mexican Peso at 4-Month High on U.S. Recovering Data

The Mexican peso started the week at the highest level in 4 months as the United States are signaling that the path out of recession has been already started. The Mexican currency climbed to a 4-month high as the United States, Mexico’s main traded partner consuming more than 80% of its exports, is likely to revive its economy as reports last week brought investors’ confidence back to purchase dollar-priced assets, consequently favoring the U.S. […]

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August 10
2009

Euro Slides on Economic Conditions Comparison

The euro fell today versus the U.S. dollar and several other main traded currencies as speculations indicated that a number of economic zones are likely to grow faster and sharper than the Eurozone. The euro had its most intense loss versus the greenback today as most of economic analysts believe that the United States is offering more solid conditions for an economic revival than the Eurozone or Japan, being today’s decline the sharpest in 3 […]

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August 10
2009

U.K.’s Recession Concerns Push Pound Further Down

The pound started this week continuing Friday’s bearish trend after the Great Britain government affirmed that the current asset purchasing program will be expanded, raising concerns that the British financial system is still in a delicate situation. Today during the start of the European trading session, U.K. gilts rose and the pound lost versus most of the 16 main traded currencies as the outlook for the British economy stills more negative than […]

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August 10
2009

Yen Climbs After Japanese Government Report

The Japanese currency started this week with a more attractive outlook as the Japanese government indicated through several reports, that the Asian nation may be finding its way out of recession, spurring demand for yen, which has been attractive lately only due pessimist global economic indicators. During the darkest moments of the global slump, the Japanese currency tended to be attractive mostly when investors were looking for a refuge […]

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August 10
2009

FX Trading — Forex Broker with a Right Name

The newest Forex broker on my site currently is FX Trading — a rather cool name to have for a broker, in my opinion. They are on-line since 2003 but I can’t say that they are very popular, because they serve as an IB for other (more “wholesale”) broker. They are based in United States and offer Forex trading services via MetaTrader platform. This broker also has the following features: 2 pip […]

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August 10
2009

Have You Ever Experienced Margin Call?

Margin call happens when the remaining balance on the trader’s account isn’t sufficient to cover the current “paper loss” on the open positions. In Forex trading margin call is a particularly bad problem because everything is happening on-line (i.e. very fast), Forex brokers don’t like to see a negative balance (that’s their loss actually) and a high leverage can cause margin calls very often. So, when the remaining free […]

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