Day: October 14, 2009

October 14
2009

South African Rand Climbs on Metallic Commodities

The South African currency witnessed a rally this week that set the rand to the highest rate versus the U.S. dollar after a decreased appeal for the U.S. currency combined with an increase in rates of metallic commodities provided support for the rand to outperform a number of currencies. South Africa is today, the leading exporter of precious metallic commodities in the world, and as the gold is reaching record highs, platinum is climbing and other commodities are gaining value […]

Read more
October 14
2009

Dollar Further Down on Interest Rate Expectations

After Federal Reserve policy makers affirmations suggesting that interest rates will remain low for a long period of time in the United States, the greenback declined to the lowest levels in 2009 versus the euro, and also lost versus most of the main traded currencies. The U.S. currency declined today after several positive news influenced traders towards higher-yielding options after Chinese exports shrank less than forecasts and Intel Corp. posted […]

Read more
October 14
2009

Quick Guide to Forex Trading

A new Forex guide for the beginners was uploaded to my site today. It’s a Quick Guide to Forex Trading created by one of the most newbie-friendly Forex brokers — Easy-Forex. Of course, this e-book is quite full of the advertisements of the said broker and its platform and also the suggested ways of trading may not be suitable for some other Forex brokers or platforms but that doesn’t make this guide a really nice introductory literature […]

Read more
October 14
2009

EUR/USD at Max Level Since August 2008

EUR/USD rose to its maximum level in more than a year today as the set of the fundamentally stimulating reports moved the global stock markets up, lowering the attractiveness of the U.S. dollar as a reserve currency. Along with the better than expected macroeconimical statistics and the FOMC minutes release, EUR/USD was also spurred by the good financial reports from the major U.S. companies. The currency pair is now trading near 1.4913, while the daily […]

Read more
October 14
2009

Brazilian Real Climbs on Growth Forecast

Both domestic and international economic scenario provided support for the Brazilian currency to climb against the greenback and several other majors, as revised economic growth for the South American nation came with positive figures. Brazil currently has one of the highest interest rates in the world among the main global economies and these levels are likely to climb even further next year if growth in the country will be confirmed as it has been […]

Read more