Day: October 15, 2009

October 15
2009

Norwegian Krone Down on Faltering Stocks

The Norwegian krone witnessed an intense rally this week sparked by a rise in crude oil rates and risk appetite among traders, but today, a downturn in stock markets throughout the world set the Nordic currency down for the first time this week. A bearish day in stock markets around the world served as a perfect excuse for a corrective movement to bring the Norwegian krone down after hitting the highest level in more 6 months versus […]

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October 15
2009

Mexican Peso Down on U.S. Manufacturing Figures

The Mexican peso was rallying significantly this week but had its gains halted as Philadelphia manufacturing posted a timid grow for the past months, raising doubts towards the economic recovery pace in the United States. The United States is Mexico’s main trading partner, and final destination for more than 80% of the nation’s products, and today, as concerns regarding the economic recovery in the U.S. rose as Philadelphia manufacturing figures came less optimistic than […]

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October 15
2009

Polish Zloty Rallies on Central Bank Statements

The Polish zloty has been one of the best emergent market currencies since the world start to post its first signs of economic improvement in the first semester of this year, and today after a central banker affirmations regarding the future of the Polish currency, the zloty rallied further among its Eastern European rivals. A National Bank of Poland policy maker Andrzej Slawinski affirmed today that the zloty may experience gains as high as those […]

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October 15
2009

Pound Climbs On Asset-Purchase Program Speculations

The pound gained today after hitting several record lows this week specially versus the euro, as speculations indicate that the current central bank asset-purchase program may be suspended, finally providing support for the British currency to gain in foreign-exchange markets. After speculations suggested that the Bank of England is likely to interrupt its asset purchase program due to undisclosed reasons in an interview given by BOE Markets Director Paul […]

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October 15
2009

Forex Broker with Too Good to Be True Conditions

The latest Forex broker that was added to my site is 1pipfix from Canada (it’s still unregulated but is in the process of entering the regulation). This broker has a lot of advantages for the traders — like MT4 platform, 1 pip spread on all majors (at least it looks sustainable in this case, they don’t have any affiliate program), up to 1:500 leverage and deposits via all popular e-currency systems (PayPal, […]

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October 15
2009

Economic Conditions Improve — EUR/USD Falls

The U.S. dollar rebounded against the euro today as the U.S. economic reports were very positive. The EUR/USD correction can only be explained as a technical one, which follows the similar correction on the U.S. stock market. EUR/USD is now trading at 1.4895 after reaching a new yearly maximum at 1.4966. Consumer Price Index (CPI) increased by 0.2% in U.S. in September. Traders expected the same value from this report. It […]

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October 15
2009

Hungarian Forint Up on Chinese Optimism

After Chinese exports shrank at a slower pace according to a report posted today, the Hungarian forint found support in optimism regarding the global economic recovery to climb versus the euro, the U.S. dollar, and several other currencies. Hungary was one of the most affected countries by the global slump, having to recur to the International Monetary Fund to adjust its national accounts, but as the global economic posts positive reports, today indicating a less negative […]

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October 15
2009

Brazilian Real Extends Gains on Stocks

The Brazilian main stock exchange continued to attract investors looking for yield as risk appetite grows globally, attracting investors to emergent countries and pushing the real to a new record high in 2009 versus several major currencies. Brazilian companies debt and share sales helped a significant amount of foreign capital to be injected in the Brazilian financial market, providing support for the real to extend this week’s rally which already set the real to the highest levels […]

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