Day: January 11, 2010

January 11
2010

Swiss Franc Retreats After Central Bank Statement

The Swiss currency had its previous week rally versus currencies like the pound and the euro halted today after the national central bank took a position against further advances of the franc, as the current appreciation was considered excessive by SNB officials. After a rally that lasted during most of the past week trading session, the Swiss National Bank President Philipp Hildebrand stated today that the franc’s fluctuations will be monitored […]

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January 11
2010

Canadian Dollar Remains Strong on Commodities

The Canadian currency started another week strong versus several main traded currencies, specially lower yielding options, as demand for commodities continues to bring capital to Canada, the biggest oil supplier for the United States. The rising demand for energetic and metallic commodities is helping the loonie to remain as one of the best bets in foreign-exchange markets in the beginning of 2010, as commodities exports are responsible for around 50 percent of Canada’s international trading capital inflows. This […]

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January 11
2010

What’s Your Favorite Forex Trading Platform?

One of the most important tools of trade of the Forex trader is the trading platform — a middleman between the trader’s strategies and systems and the Forex broker. In practice, a big part of the trader’s success depends on the quality of the offered platform. It can be used for analysis, order execution, money management, news receiving, communication with the broker and other trader and for many other things. Some platforms are unique to the particular broker and aren’t offered by anyone else. […]

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January 11
2010

Pound to Decline Versus Higher-Yielding Currencies on Weak Recovery

The United Kingdom has been showing itself as one of the least resilient nations among the wealthiest countries in the world, and its weak economic data combined with a ineffective monetary policy is likely to set the sterling further down in the first semester of 2010, specially versus higher-yielding options Bank of England policy makers insisted to extend its so far frustrated bond purchase strategy, injecting its remaining 200 billion pounds […]

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