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Day: May 4, 2010
May 42010
Loonie Declined with Increasing Demand for Safety
The Canadian dollar dropped today against its U.S. counterpart to the lowest level in more than a month as the commodities and the global equities were affected by the concern about the European debt crisis. The doubts that the aid from the European Union will improve the situation in Greece and in the Euro zone in general drove the sentiment toward the risk aversion. Such pessimistic mood in turn influenced the commodity prices and the stocks, which fell and, as a result, caused decline […]
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May 42010
Euro Drops to Lowest Level Since April 2009
The euro plummeted today to the lowest level in a year against the U.S. dollar and dropped against other most trading currencies on the concern that the bailout for Greece won’t resolve the nation’s budget problems and the crisis will spread to other European countries. The speculation that the rescue package for Greece won’t be supported by all European governments saps the euro of its strength. The outlook for the European Central Bank to increase the interest rates by only 46 basis […]
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May 42010
Aussie Falls on Prospect for Slower Pace of Rates Increase
The Australian dollar dropped against other most traded counterparts as the average borrowing costs suggest that the central bank may slow the pace of the interest rates increase. The benchmark rate was increased for the sixth time from October and, while the policy maker are willing to slow the record pace of the rates increase, they yet may be urged to continue the interest rates increase to rein the inflation. The economy of China, the biggest trading […]
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May 42010
Rand Weakened by Unfavorable Jobs Data & Declining Gold
The South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as the commodity prices declined, causing the analysts to bet that the currency will remain weaker than $7.40 level. The unemployment rate in South Africa has reached as much as 24.3 percent by the end of 2009 and the jobs data, which is scheduled to release today, isn’t expected to show any substantial improvement. Gold, […]
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May 42010
EUR/USD Falls on Signs of Strong U.S. Economy
EUR/USD was steadily declining today and the news, signaling about the widening economic recovery in the U.S., will likely support this trend. Factory orders were increasing for the last year, showing the strong economic expansion. The rising number of pending home sales also signaled about favorable economic environment, supporting the strength of the U.S. currency. EUR/USD is trading near 1.3055 now. Federal orders grew 1.3% in March, with the same […]
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May 42010
Cypriot MT4 Forex Broker TFI FX
TFI FX is a rather old Cypriot Forex broker with a European regulation. Its has been listed on EarnForex.com today (mainly as a MetaTrader broker). It’s available on-line since 2006 and offers quite moderate trading conditions, including 3-pip spreads on EUR/USD, $1,000 minimum account size and the requirement to send paper documents via traditional mail to withdraw funds from the trading account. Some other features of this Forex […]
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