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Day: May 12, 2010
May 122010
Rising Global Stocks Push Loonie Up
The Canadian dollar extended its advance against the U.S. currency today for the fourth straight day as the rising global equities increased the appeal of the currencies tied to the economic growth. The Standard & Poorâs 500 Index rose by 1.4 percent today and the S&P/TSX Composite Index increased 1.6 percent. The Canadian currency is supported by the expectation that the Bank of Canada will raise the interest rates as soon as June 1st, making Canada the first country […]
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May 122010
Euro Extends Decline Against Dollar amid Growing Concerns
The euro resumed its decline against the U.S. dollar, after its previous advance on the news about the EU loan package, as the concern arose that the budget cuts required for the package will hurt the region’s economic growth. Gross domestic product increased by 0.2 percent from the fourth quarter in the nations of the Euro-zone. The economists say that, while this growth is better than expected, the news are considered positive only because […]
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May 122010
Pound Drops on Concern for U.K. Economic Recovery
The Great Britain pound slid today on the concerns for the risks for the economic recovery in the U.K., signaling about the pressing need to deal with the Britain’s significant budget deficit. The Bank of England is expected to keep the interest rates at the record low level of 0.5, causing some economists say that the fiscal policy is extremely loose. The central bank forecast that the inflation will likely stay below the target 2 percent. GBP/USD dropped […]
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May 122010
Japanese Yen Weakens on Equities & Hopes for Europe’s Recovery
The Japanese yen dropped today against the U.S. dollar and the euro as the outlook for the revival of the European economy and the strong equity markets diminished the demand for the currency as the safe haven. The outlook for the euro became somewhat more optimistic on the speculation that the recession in Spain was halted. The slow pace of the Japan’s economic recovery doesn’t support the yen either. Some economists don’t think that the Japan’s economy that bad, though, and say that the rebound of the currency […]
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May 122010
EU Loan Package Boosts EUR/USD
EUR/USD rose today after two days of decline. The unprecedented â¬750 billion ($960 billion) loan package of the EU fueled some optimism for the common European currency, though concerns and doubts about the EU economy remain. The U.S. economy in the same time also showed good results as the trade deficit signaled that the country continues to import more than it exports, adding to the signs of the economic recovery. EUR/USD trades currently near […]
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May 122010
Why Forex Brokers Lie?
Why do Forex brokers or, more exactly, their representatives lie? I don’t mean the “usual lies” with the misleading ads or a plain scam when some broker just stops paying or removes parts of the balance. I am talking about the lies when the broker sends its information to be included to the listing on my site. When some company wants to add a description of their broker to the list on my site I ask them to answer a list […]
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