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Day: November 17, 2009
November 172009
Pound Hits Record High on U.K.’s Economic Rebirth
The pound gained versus multiple currencies today and touched the highest rate in 2 months versus its main rival, the euro, as Bank of England officials affirmed that growth is returning to U.K.’s economic outlook and stimulus measures will be lifted on a foreseeable future. London stocks had a very positive performance today attracting traders to bet on pound-priced assets after the Office for National Statistics posted a report that indicated an increase […]
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November 172009
Dollar Rises on Low Optimism Session
The U.S. dollar gained massively versus the euro and most of the 16 main traded currencies as risk aversion rose sharply in the beginning of the day as the IMF stated that the global economic recovery will be sluggish, attracting traders to the safety of the greenback. After the International Monetary Fund statement today affirming that the economic rebound will be a slow and complicated process, the U.S. dollar found grounds to rise significantly together with the Japanese yen, […]
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November 172009
Web & MT4 Forex Broker
BTrader is the latest Forex broker that was added to EarnForex.com today. This broker offers both MetaTrader 4 and web-based trading platform (WebFX), which can be convenient for many Forex traders that prefer browser-based access to their trading account over the power and complexity of the MT4 platform. BTrader is a very new broker and is based in Singapore. They offer trading accounts from $25 with the leverage […]
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November 172009
EUR/USD Down Despite Disappointing U.S. Data
The EUR/USD currency pair fell significantly today on international economic events even if the U.S. economic data released frustrated most of forecasts, indicating a less optimistic, but still positive performance for industrial production and producer price index. Risk appetite was down favoring the dollar today, as the IMF forecast a slow economic recovery globally. EUR/USD is currently trading at 1.4870. Producer Price Index (PPI) advanced 0.3% in October […]
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