Day: December 14, 2009

December 14
2009

Aussie Dollar Up On Renewed Dubai Optimism

After trading near $0.90 in the end of the last week as the U.S. dollar rose against its Australian counterpart, the Aussie, pushed by renewed risk appetite, managed to climb significantly not only versus the greenback but also lower-yielding currencies. The attractiveness for high-yielding currencies in the Pacific region rose today after Abu Dhabi central bank affirmed that it will provide a sum of $10 billion to its brother emirate Dubai to pays […]

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December 14
2009

Euro Rebounds on Abu Dhabi-Dubai Bail Out Plan

After falling consistently versus the greenback in the end of the last week, the Euro posted a timid rebound and also gained versus several higher-yielding currencies, as concerns regarding Dubai’s debt eased after Abu Dhabi announced a rescue plan for its brother emirate. The euro benefited today on an Abu Dhabi announcement stating that $10 billion will be used to help Dubai to cope with its debts, paying creditors and contractors, calming […]

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December 14
2009

How Long on Demo Before Going Real?

In many Forex guides for beginners and various tips that can be found on-line, a great deal of advices are dedicated to the demo trading period before switching to the real account trading in Forex. Some of them recommend trading for at least a month on a demo account before depositing money, others recommend reaching a certain level of profitability on demo and only then go to real account trading. Many traders go directly into real […]

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December 14
2009

Pound to Trade Below $1.60 on Weak Resilience, Fed Rate Hikes

The U.K. economy is being one of the slowest to recover from the global slump that started in the second semester last year, and as economies recover globally faster than in the British Isles, the pound may decline further versus the euro and the dollar. After posting the fourth consecutive weekly decline versus the greenback, the outlook for the British currency remains rather unattractive, as forecasts suggest a higher than previously expected budget deficit for the following years in the U.K., […]

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