Day: April 8, 2010

April 8
2010

Pound Is Rising with U.K. Production

The Great Britain pound rebounded against the U.S. dollar and the Japanese yen on the signs that the factory production in the U.K. surged in February by twice as much as the analysts predicted, to the highest since 2008, as the recent declines of the pound were helping the economy to recover. Manufacturing output increased 1.3 percent compared to the month earlier and the index of the factory production jumped to 90.1, the highest level since December 2008. The pound declined earlier as the election polls left uncertainty […]

Read more
April 8
2010

Canadian Dollar Resumes Its Rally to Parity After Falling

The Canadian dollar fell versus its U.S. counterpart after it have reached parity for the first time since July 2008 for a second straight day after the report that the Bank of Canada revealed its plans to increase the interest rate with a faster pace, but then erased its loses and is heading to parity again at present time. Mark Carney, the Governor of the Bank of Canada, announced in the previous month his intention […]

Read more
April 8
2010

Rand Rebounds After Falling on Concern for Power Funding

The rand dropped today for the third straight day as the speculation that the World Bank won’t grant the loan for Eskom Holdings Ltd., which would be used to fund the construction of the coal-fired Medupi plant, arose concern for economic expansion of the region and doubts about the capital inflows, but after its fall the currency rebounded. Eskom Holdings Ltd. is the South Africa’s state power utility, which provides about 95 percent of South […]

Read more
April 8
2010

New Starter’s Forex Broker on Horizon

Lionstone Investment Services is a new Forex broker with the conditions for opening the account and trading that are quite appealing to the Forex newbies. Its description was added to my site today. It resembles the good old Marketiva in many ways but also has its differences. The good starting conditions include $1 minimum account, 1 unit minimum position size and a rather newbie-friendly platform along with a number of on-line […]

Read more