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Day: April 5, 2010
April 52010
Euro Tumbles Together with Greece Budget
The euro fell against such currencies as the Japanese yen, the Canadian dollar and the U.K. pound today as the rescue plan for Greece, devised by the European Union week ago, so far has failed to decrease the borrowing costs for Greece, the country with the biggest debt in Europe. The confidence in the ability of the E.U. to resolve the Greek crisis steadily falls, despite what officials say about the progress of the deficit-cutting plan and promises to lower the Greek budget deficit to 8.7 […]
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April 52010
Loonie Goes Up as Economy Recovers
The Canadian dollar has resumed its rally to parity with its U.S. counterpart, which was temporally halted on April 2nd, as the global economic rebound is spurring commodities (like the nation’ main export — the crude oil), stocks and some currencies, which are tied to growth. The Canada’s currency, which is commonly referred to as the loonie, was helped with its race to parity with the greenback by the crude oil, which was […]
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April 52010
Preferred Way to Deposit/Withdraw Forex Trading Funds
One of the important characteristics of the Forex broker is its acceptable methods of deposit/withdrawal. A Forex trader needs to be able to deposit the starting capital comfortably and to withdraw the earned profit with ease. Brokers that offer some fast on-line methods to transfer the funds usually obtain more attention from the average Forex trader. But with big amounts (more than $10,000) both traders and brokers usually prefer good old […]
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April 52010
EUR/USD Goes Up Before Some Good U.S. Reports
EUR/USD went up slightly today, showing both upward and downward volatility before the U.S. fundamental reports hinted some continued improvement in the economy. After the reports were released, the currency pair retraced slightly from its higher intraday positions. EUR/USD is now trading near 1.3516. Pending home sales index rose by by 8.2% to 97.6 in February after falling down by 7.8% in January. Now it’s 17.3% above […]
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