Day: April 27, 2010

April 27
2010

Greece’s Fiscal Crisis Wounded Euro Again

The euro toppled against the U.S. dollar and Japanese yen on speculation that Greece will be unable to repay its debt as the decision about the bailout was delayed, giving rise to the concern that the Greece’s budget crisis will harm the borrowing ability of European indebted nations. The concern for the ability of Greece to deal with its fiscal crisis increased after Germany delayed the decision about providing the aid for Greece, demanding the nation to cut […]

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April 27
2010

Concern About Greece’s Crisis Pushes Yen Up

The Japanese yen gained today against most other majors as the demand for the safer currencies increased amid rising concerns that the aid, offered by the European Union government, wouldn’t be able to resolve the Greece’s budget deficit crisis. The uncertainty about the Greece’s situation has worsened after Angela Merkel, the Chancellor of Germany, said that Greece will receive the help from Germany only in case it’ll accept the “tough” measures, including […]

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April 27
2010

Pound Weakened by Concern that Election Will Result in Stalemate

The Great Britain pound dropped today amid the concern that the forthcoming Parliamentary election, which will occur next week, will result in the government without the substantial support and strength to deal with the budget deficit. The sterling is now led by the opinion polls and they don’t give many reasons for the optimism. Even after the election the U.K. currency remains in danger in case the politic infightings will prevent the government from resolving the budget […]

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April 27
2010

MetaTrader 5 Strategy Tester Released

MetaQuotes has announced a release of their long-awaited Strategy Tester tool for MetaTrader 5 Forex trading platform. It’s available in the build 268 (and higher) of the platform (it can be downloaded for free if you still haven’t done so). It’s still in a beta version and needs a lot of work on bugs and usability but it’s a great step forward for the MT5 platform. The strategy tester can already be used to prepare your […]

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April 27
2010

Dollar Strengthens on Improved Confidence

EUR/USD went down today hitting its daily chart support level as the fundamental reports from the United States showed that the situation is improving there. Both consumer confidence and manufacturing sector continued to show a definite growth, surpassing even optimistic forecasts. The currency pair is now trading near 1.3246. S&P/Case-Shiller home price index for the 20 U.S. cities adjusted seasonally in its yearly form rose to 146.09 […]

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