Day: April 30, 2010

April 30
2010

Slow U.K. Economic Growth Curbs Pound’s Strength

The Great Britain pound slipped today on the speculation that the attempts to deal with the budget deficit may be hindered by the slow growth of the U.K. economy, which expanding with slower pace than the economies of the U.S. and the Euro-zone. The U.K. economy expanded by 0.2 percent in the first quarter, while the U.S. economy grew at a 3.2 percent annual rate at the same time. The declining consumer confidence in Britain, which dropped to the three-month low in April, deprives […]

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April 30
2010

Euro Rises on Prospect for Greece to Receive Aid Soon

The euro gained today against most other major currencies on the speculation that Greece may accept to perform the budget cuts, which were requested by the European Union from Greece for the nation to receive the $159 billion financial aid. The outlook for the euro improved on the prospect that Greece will receive the help soon as Jose Barroso, the President of the European Commission, expressed the certainty that Greece will get the aid ”in days”. This has […]

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April 30
2010

Swiss Franc’s Appreciation Contained by Central Bank

The Swiss franc dropped slightly against the euro today before returning to its opening price as Philipp Hildebrand, the Chairman of the central bank, said that the further rise of the franc will be contained while the policy makers are “acting decisively to prevent an excessive appreciation”. The Swiss currency may profit from the Greece’s troubles as the weakening euro may increase the demand for the franc as the safe currency. And the appreciation may negatively impact the appeal of the currency […]

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April 30
2010

EUR/USD Halts Growth After Bad U.S. GDP Report

The euro went up against the U.S. dollar today but a portion of this growth was later erased by the not as good as expected fundamental values from U.S. The GDP growth report for the first quarter of this year showed the value below the forecast level. EUR/USD is now trading near 1.3310. Advance GDP report for the first quarter of 2010 showed a growth at an annual rate of 3.2%, which is below the Q4 2009 […]

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April 30
2010

In Defence of Forex Broker Reviews

Two weeks ago, Yohay from ForexCrunch has published an interesting article on Forex broker reviews. But I’ve read it only today. It raises a very important issue and can be quite useful to many Forex traders. At the same time, it’s going too far in some aspects, in my opinion, while some of the commentators of that article, by saying that the Forex reviews can’t be trusted at all, made me […]

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