Day: September 17, 2009

September 17
2009

Mexican Peso Decline on U.S. Jobless Claims

After rallying for several days in a row together with most emergent market currencies as optimism rose globally, the Mexican peso had its first decline versus majors as jobless claims are still on the rise in U.S., raising concerns of the employment conditions in the wealthiest country of the world. The Mexican currency had its first decline in three days after the government of Mexico discussed 2010’s budget and jobless claims rose in the U.S., impacting the peso […]

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September 17
2009

Canadian Dollar Raise National Bank Concerns

The Canadian dollar, which traded near the highest level since October last year as risk appetite is once again strong in commodities and equities markets, may influence negatively the North American national economic recovery, raising concerns about the loonie’s rally in the national central bank. This year, the Bank of Canada already affirmed that a strong loonie could affect negatively the Canadian economy’s performance and that measures to stop a rally […]

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September 17
2009

Crude Oil Provides Support for Ruble Rally

The Russian currency benefited from a new wave of confidence among traders that forced commodities rates up, helping Russian assets to be more attractive in global markets, consequently influencing positively the rates for the ruble. After Bank of Russia lowered interest rates in the country, the number of investors looking for funding through lends in the country increased, providing support for the ruble to gain versus most of 16 main traded currencies this week, as emergent […]

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September 17
2009

Dollar Continues Downtrend on Economic Optimism

After hitting 2009 record lows versus several currencies of different profiles like the Australian dollar, Brazilian real and Euro, the dollar did not manage to rebound mainly versus the latter, since several optimistic reports suggested that economic conditions in Europe are improving. The Dollar Index declined today to the lowest level in 12 months, as investors expect that the real estate market in the United States will improve even further, […]

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September 17
2009

EUR/USD Gains for 4th Day on Continuing Optimism

The euro is currently showing a small daily gain against the U.S. dollar — its fourth bullish daily candle this week. The series of the better-than-expected or just good macroeconomic reports from the developed economies increases the attractiveness of the euro and other riskier assets as the investment medias. Today EUR/USD set its new highest level since September 25th, 2008. Currently it’s trading near 1.4718. Building permits annual number rose […]

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September 17
2009

EFOREX — Broker from Panama

Panama looks to be one of the favorite starting grounds for the on-line financial companies that are not yet ready for the serious regulation by NFA or FSA but are willing to show up their identity and provide some real-life office information. EFOREX is one of such companies. This Forex broker is very new, it went on-line in mid 2009.  It offers two trading platforms — MetaTrader and WinTrader. […]

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