Day: October 16, 2009

October 16
2009

Pound Extends Gains on Renewed Optimism

The pound had the best performance this week in months after speculations suggest that the national central bank will stop its current asset-purchase program used to stimulate the economy to escape from recession. The pound rose to the highest level in three weeks versus the greenback as stocks in London posted a second straight week of gains, benefiting from a renewed sentiment of improvements regarding the British economy, after the government suggested that the current asset-purchase […]

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October 16
2009

Canadian Dollar Farther From Parity With Greenback on Stocks

The Canadian dollar, which benefited from a high on crude oil markets and traded near parity with its U.S. counterpart witnessed a significant fall towards the end of these week’s session as equities did not perform in favor of the Canadian currency. The loonie is ranking among the top winners versus the greenback this year, only losing to the Australian dollar and the Brazilian real, being all these currencies benefiting from a high in commodity […]

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October 16
2009

The End of Dollar’s Downturn?

The U.S. currency finally posted gains versus most of 16 main traded currencies as some investors suggested that the recovery in the North American economy is not compatible with such losses in currency markets, providing support for the greenback to pare gains of most emergent market currencies which were climbing these week. Several events changed market’s trends today after the European Central Bank Jean-Claude Trichet affirmed that […]

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October 16
2009

Broker with Swiss Name and Mauritian Registration

The new Forex broker that was added to the list of the list on my site is Basel Financial. Although, its name suggests a Swiss connection (Basel is a major city in Switzerland), the company is registered and regulated by the Financial Service Commission of Mauritius, which is quite far from Europe. This Forex broker has very favorable conditions for the traders with only $50 minimum account size and a leverage up to 1:500. It’s […]

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October 16
2009

EUR/USD Posts Bearish Day on Better Treasury Flows

The EUR/USD currency pair declined on the Forex market today, close to its Wednesday open level as the U.S. treasury notes still show some demand among the foreign investors. Industrial production report also turned out to be positive for the U.S. dollar for some reason. EUR/USD is currently trading near 1.4871. Net long-term purchases of the U.S. securities by the foreign investors were at $28.6 billion in August — almost twice as much […]

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