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Day: August 17, 2009
August 172009
Asian Economic Outlook Forces Brazilian Currency Down
The Brazilian real, one of the most benefited currencies by the evidences of economic recovery this year, traded at this month’s low today as Asian reports indicate that the global slump is still very present. Brazil’s currency continued the last week’s decline today as the quarterly GDP figures in Japan came worse than expectations and direct investment in China declined in the month of July, reviving concerns regarding the global slump depth and duration, […]
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August 172009
Chilean Peso Declines on Metallic Commodities Demand
The Chilean peso started the week losing versus most of the 16 main traded currencies as metallic commodities, an important source of revenue for the country, declined today. Copper exports account for more than a third of Chile’s gross domestic product, and a faltering demand during the past few days has affected the outlook for the peso, since stockpiles are expanding, and the current high rates for metallic commodities may not be compatible to the currency global economic […]
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August 172009
Pound Falls as Real Estate Crisis Deepens
After rallying to a 10-month high versus the dollar two weeks ago, the pound is declining severely versus most of the main traded currencies, as the real estate scenario deteriorates in the United Kingdom, shunning investors from pound-priced assets. The most reliable internet real estate portal in the U.K., Rightmove Plc, indicated that house prices in Britain declined 2.2 percent this month, after climbing 0.6 percent in July, a fact which […]
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August 172009
Negative News Fuel Yen’s Rally
The Japanese currency started another week gaining versus most of the main currencies as several domestic and international events spurred demand for refuge currencies, affecting negatively mainly currencies in Europe this Monday. Today’s Japanese quarterly GDP figures were posted reaching a 3.7 growth in the second quarter, which was below expectations, raising concerns that an economic recovery in Asia may take longer to appear, oddly enough favoring the yen […]
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August 172009
EUR/USD Goes Down on Very Positive TIC Flows
The U.S. dollar managed to rise against the euro today, showing even a greater gain than on Friday. The dollar bulls were inspired with a positive U.S. TIC flows report, which means that the United States is still quite a popular destination for the global investors. EUR/USD is now trading near 1.4066. New York Empire State Manufacturing index went up to 12.1 in August up from -0.6 reported […]
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August 172009
What Leverage Do You Use?
A high leverage is one of the best things of the modern retail Forex trading and it allows making the thousands of dollars on some cent moves in EUR/USD currency pair, even if you have only $10,000 in your trading account. But on the other hand, that high leverage is the reason of the extremely high losses of the inexperienced Forex traders. The margin leverage is a multiplier that plays for you when you win and plays […]
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