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Day: April 26, 2010
April 262010
Canadian Dollar Remains Near Parity
The Canadian dollar trades near parity with its U.S. counterpart as the traders await the outcome of the 45 billion euro aid package, provided by the European Union and the International Monetary Fund to Greece. With the clarity about the bailout the global equity markets will be spurred, boosting the commodity currencies. The Loonie, as the Canadian currency commonly nicknamed, can be considered such currency as its performance depends on the moves of the equities and the commodities, like earlier, […]
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April 262010
Declining Profits from Carry Trades Strengthen Dollar
The U.S. dollar rose today on the outlook that the greenback may become more attractive as the profits from the carry trades declines because of decreasing differences in the interest rates of various central banks. The profits from the carry trades are waning as the higher-yielding currencies appreciate and the low-yielding ones declines. This situation is just right for the dollar to strengthen, making it more attractive to the traders, who already prefer the U.S. currency because of the record […]
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April 262010
Mexican Peso Advances on Higher Risk Appetite
The Mexican peso advanced today on the outlook that the demand for the higher-yielding assets will increase after the talks about the aid package for Greece will be concluded. According to the words of the Greek Finance Minister the talks about the bailout package, provided by the European Union and the International Monetary Fund should be âconcluded rather soon.â This announcement sparked expectations that the Greece’s crisis can be resolved with the satisfactory outcome, boosting the investors’ […]
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April 262010
Pound Rises with Increasing U.K. House Prices
The Great Britain pound gained today, paring its previous losses, after the report about the rising house prices increased the confidence that the economic recovery in the U.K. is strengthening. These news have brought necessary refreshment to support the sterling’s performance after the concerns about the budget deficit and the uncertainty about the election’s outcome. In fact, the talks began that the Conservatives will win the election and will form the government strong enough to deal […]
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April 262010
Forex Hunting or Forex Trading New Broker
ForexHunt is the newest Forex broker that was added to the list on EarnForex.com today. It’s quite an original broker that offers a lot of interesting trading contests, bonuses and promotions. It also has very favorable account opening and trading conditions ($1 minimum, medium spreads, multiple deposit options, MetaTrader 4, etc.). It’s a rather new Forex broker and it’s known poorly in the English-speaking community (it’s more popular […]
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