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Day: January 15, 2010
January 152010
Australian Dollar Down on Chinese Risk Aversion
The Australian dollar was one of the most affected currencies today as speculations that Chinese lending requirements will slow down the global economic recovery impacted traders’ sentiment, declining appetite for high-yielding currencies. The Aussie and the kiwi declined today versus most of the main 16 traded currencies, after one of its main trading partners, China, is likely to reduce property loans after the government set new restrictions for lending money […]
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January 152010
Canada’s Dollar Retreats on Oil, Risk Aversion
The Canadian dollar declined versus its U.S. counterpart and lower-yielding currencies as risk aversion rose impacting markets with extreme influence in the loonie rates, those of raw materials and equities, which dropped globally this Friday. The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York […]
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January 152010
Yen Benefits from China’s Lending Restrictions
Demand for safety rose today as concerns among investors that Chinese lending limits announced this week by the nation’s government may impact the global economic performance, allowing the yen to beat all of the main traded currencies in foreign-exchange markets today. The yen gained today versus greenback as reports in the world’s wealthiest country came slightly below forecasts, also showing a slow down in the inflation. The euro declined sharply versus the Japanese currency […]
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January 152010
False Reviews of Forex Brokers
I’ve decided to make a major check for false reviews of the Forex brokers on my site today and found 6 brokers that had the false reviews. All were reviews were positive and probably came from some of their representatives, but there is a small probability that they were submitted by the competitors (I don’t know why would a competitor do something like this) or just some crazy people. I’ve deleted the false […]
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January 152010
EUR/USD Down on China Lendings, Greek Deficit
The EUR/USD currency pair declined considerably today as China’s lending policy is tightening, declining demand for higher-yielding options in trading markets and bringing investors to purchase dollar and yen-priced assets. The euro declined versus the greenback and the several other currencies as Greece’s financial conditions continues to deteriorate and raise concerns among traders investing in the region. EUR/USD is towards the end of this weekly trading session posting a slight decline and trading at 1.4365. N.Y. […]
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January 152010
Australian Dollar Rallies on Interest Rate Outlook
Once again interest rates are fueling a rally for the Aussie dollar as it happened in the second half of the last year, when the South Pacific currency ranked among the best performing options in foreign-exchange markets. Positive employment data published in Australia this Wednesday is helping the Aussie to rally to high levels versus most of the main traded currencies, as a declining unemployment rate, currently at 5.5 percent and much better than other key-economic […]
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