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Day: August 11, 2009
August 112009
Polish Zloty Down as Rally May Halt Economic Growth
The Polish currency, which was climbing systematically during the previous two months as signs of economic recovery attracted traders to this emergent European Union economy, had a sharp decline this week as the current currency rates may affect the economic recovery in the nation. Poland’s economy was the best performer among the 10 eastern European union members in the first quart of this year, after the national government cut taxes to stimulate the economy […]
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August 112009
Brazilian Real Declines Further on China’s Industrial Output
The Brazilian real is having its worst week since the beginning of July as pessimistic news rose risk aversion among traders, damping demand for the Brazilian currency high-yielding profile. Today several reports in China brought equities and commodities markets down as exports and loan conditions deteriorated in the Asian country, raising concerns that one of the key-world economies may face an extended period of recession, affecting emergent market currencies like the South […]
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August 112009
Chinese Industrial Outlook Decline Pushes Yen Up
Several negative numbers in China today brought worldwide investors to purchase yen-priced assets as pessimism and confusion regarding the global economic situation have returned to financial markets, favoring the safe profile of the Japanese currency. The yen gained versus most of the 16 main traded currencies today after reports in China posted a worse-than-expected rise for the national industrial output also indicating negative exports and new loans numbers, raising risk aversion among […]
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August 112009
Australian Dollar Down on Chinese Negative Data
The Australian Dollar lost today against several currencies like the yen and the U.S. dollar after a negative report in China pushed investors back to safer assets, damping demand for the Aussie’s riskier profile. The Australian currency lost the most in a week today after Chinese banking data came worse-than-expected by economists, showing a slide in new lending figures and a disappointing rise for fixed-assets investments, indicating that one of the main global economies may […]
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August 112009
Another Windows VPS Hosting Company Ultima Hosts
Ultima Hosts offers VPS hosting services with a great choice of various server configurations, payment packages and operating system version (though, all of them are from the Windows family). They have a great experience in this industry — went on-line back in 2006. Unfortunately they don’t offer VPS servers with a pre-installed MetaTrader platform or expert advisors. Other important points about Ultima Hosts include: $29 for a basic […]
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August 112009
How Many More Days EUR/USD to Decline?
EUR/USD fell for the fourth day on the Forex market today and, although the decline is rather insignificant compared the last week’s drops, it’s still a fall that continues a technical bearish trend and has some strong fundamental reasons. The mixed economic reports coming from U.S. spur risk-awareness among the traders, giving more preference to the dollar. EUR/USD is now trading near 1.4141. Productivity in the U.S. nonfarm business sector […]
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