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Day: May 13, 2010
May 132010
Sterling Drops on Consumer Confidence and Budget Cuts
The Great Britain pound fell today against other most-traded currencies as the consumer confidence hasn’t recovered after it tumbled in March and on the concern that the budget cuts, planned by the new government, may curb the economy’s growth. Nationwide Building Societyâs consumer confidence index rose by one point to 74 in April, while it previously had sank to 73 points in March from 83 the month earlier. The budget deficit was at the record […]
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May 132010
Rising Employment Value Strengthens Aussie
The Australian dollar gained against its U.S. counterpart and rose versus the euro after the government reported that the number of people employed in Australia increased more than expected. The employers added 33,700 (0.3%) to 11,025,500 jobs in April. This report sparked the speculations that the Reserve Bank of Australia will continue to increase the interest rates on order to keep the inflation in check. The central bank has raised the benchmark rate six times since […]
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May 132010
Rand Weakened by Concerns for Demand & Interest Rates
The South African rand weakened today amid the concerns that the fiscal crisis in the European Union will afflict the pace of the global economic recovery, damping the demand for the riskier assets. The rand also weakened on the uncertainty as to whether the central bank is going to keep the interest rates at the current level. The bank already has cut its main rate seven times since December 2008 to aid the country’s economy with the recovery from the recession […]
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May 132010
How Does VPS Work in Forex Trading?
Forex VPS is a service that helps traders to deploy their expert advisors on a dedicated server that will be running 24/7 without interruptions, independently from the trader’s own computer and without any efforts from the trader’s side. VPS hosting companies usually charge from $10 to $99 per month (depending on the server’s quality and the company’s greed). If you have a working MT4 EA, it’s always better […]
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May 132010
Increasing Prices Signal About Recovery in U.S., EUR/USD Falls
EUR/USD decline continues as a debt crisis in the European Union poses a question about survival of the common European currency. Import and export prices increased, signaling about the economic recovery. The signs of the recovery is also supported by a decreasing number of people claiming jobless benefits. Still, jobless claims decreased less than expected, causing some concern. EUR/USD trades near 1.2565 now. Initial jobless claims posted the 444k figure in the week […]
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May 132010
Industrial Expansion Aids Mexican Peso
The Mexican peso gained today as the industrial production expanded more than expected signaling about the increasing pace of Mexico’s economic recovery. The industrial production in Mexico expanded 7.6 percent in March from the previous year. This added confidence in the currency of the country, which economic recovery was a bit slow recently. The yield on Mexican 10 percent peso bond maturing in 2024 dropped 0.04 percentage point to 7.64 percent. USD/MXN traded […]
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