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Day: August 24, 2009
August 242009
Crude Oil Fuels Russian Ruble Rally
The Russian currency gained versus the U.S. dollar and several other currencies as the crude oil climbed again today, fueled by optimism regarding the world economic recovery. After Federal Reserve Chairman Ben Bernanke affirmed last Friday that the world is finding its path out of recession, the crude oil, one of the main Russian exports, traded at a 10-month high, providing support for Russian equities markets and currency to climb versus […]
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August 242009
Mexican Peso Falls on Overpriced Speculations
After climbing for several weeks in a row, today the Mexican peso declined versus the greenback, on speculations that the current rates would be too high, attracting investors towards the U.S. The Mexican peso hit the highest rate last week since November, as the United States and several European Union countries published optimist economic reports, which helped the peso the gain since the United States is the main destination for its exports, but […]
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August 242009
Global Optimism Continues to Affect Yen’s Performance
After losing massively towards the end of the past week due to a wave of renewed risk appetite, the Japanese currency was unable to pare its losses as optimism remains strong in trading markets worldwide, damping demand for the safety profile of the yen. The yen lost today as markets in Asia operated influenced by Federal Reserve Chairman Ben Bernanke‘s statement last Friday suggesting that the world is likely to revive its economic growing […]
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August 242009
Hungarian Forint Declines on Interest Rate Speculations
The forint is starting this week under pressure falling from the highest level in almost 10 days before the Hungarian central bank meeting today, which is likely to slash the national benchmark interest rate to a record low for the country since the end of the socialist era. The Hungarian central bank will publish its decision regarding the current interest rate levels today at noon, GMT time, and according to most economists the Central […]
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August 242009
How Long Have You Been Trading Forex?
I had begun to trade Forex back in August 2005 when I first heard about the company (Marketiva) that offers free $5 bonus to start trading Forex with them. It was interesting for me to try and at that time free $5 sounded like a lot to me, so I’ve opened an account. Since then I’ve been losing and wining and I have also changed my broker a lot of times but Forex trading […]
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