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Day: August 21, 2009
August 212009
Canadian Dollar Hits 2-Week High on Stocks, Crude Oil
The Canadian dollar extended its yesterday’s gains today as optimism rose worldwide regarding the so much waited economic recovery, pushing commodities that influence loonie’s rates up. Federal Reserve Chairman Ben Bernanke affirmed today that the global slump may be close to its end, creating a bullish pattern in equities and commodities markets today, attracting investors to riskier assets and damping demand for the greenback and the yen. Being the loonie […]
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August 212009
Yen Declines On U.S. Home Sales Improvement
The Japanese currency declined before the end of this week’s session on improved U.S. housing data, suggesting that the wealthiest country in the world is finally reacting economically from the worst recession in decades. Two events moved markets towards the close of this week’s trading session, as Federal Reserve Chairman Ben Bernanke stated that the world is recovering economically adding to a positive U.S. home sales report that brought risk […]
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August 212009
Brazilian Real Climbs on European Confidence
The Brazilian real, the best performing currency among the emergent markets, rose today after the German and French positive PMI reports, which brought investors back to riskier assets relying on speculations that the economic recovery has already started. The Brazilian currency had a weak of losses as several news mainly in China and U.S. brought risk aversion among traders this week, benefiting mostly the Japanese yen, as its the safest bet in currency […]
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August 212009
German Manufacturing Provides Support for Euro Climb
Germany and France posted favorable reports today indicating that the wealthiest countries in the Eurozone may be finding its way out of recession, evidence which helped the euro to gain versus several currencies towards the end of this week’s session. After surprising economists worldwide several days ago when Germany and France posted an unexpected growth for the second quarter, today, the strongest economies in the Eurozone bloc posted a rise in manufacturing and services […]
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August 212009
BMFN — Regulated Forex Broker
BMFN (Boston Merchant Financial) is a Forex broker with a rather strict regulation over it, because it’s registered with NFA, FINRA, PolyReg and Russian FFMS. It’s a MetaTrader broker, but it offers several other trading platform, one of which is Currenex — a rather advanced and powerful trading tool. BMFN is quite a new on-line broker but they are already becoming popular. Other highlights […]
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