Day: May 17, 2010

May 17
2010

Sterling Falls on Concerns About U.K. Budget Cuts

The Great Britain pound fell today against most other major currencies, including the U.S. dollar and Japanese yen, on the concerns about the nation’s budget shortfall and after the report that the house prices in London declined. The average house price in the U.K. capital dropped 0.4 percent from April. David Cameron, the Prime Minister of the U.K., said that he saw evidences of “very bad practice, spending decisions taken in the last year […]

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May 17
2010

EU Crisis Won’t Go Away, Euro Weakens Further

The euro extended its decline today amid the concerns that the actions, taken by the EU leaders to rein the debt crisis, will curb the region’s economic growth and may even lead to the dissipation of the Euro-zone. Jean-Claude Trichet, the President of the European Central Bank, called for the “quantum leap”, the reformation of the way the countries’ spending is controlled and the budgets are determined: There is a need for a quantum leap in the governance of the euro area. There need to be major […]

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May 17
2010

Do You Use Forex VPS?

I’ve recently wrote a post explaining how VPS works in Forex trading and now I’m interested to know how many of my blog readers actually use or have used VPS in their trading. I must say that I haven’t used it yet in my real trading yet but I’m definitely going to do so once I will have an expert advisor worth switching from manual trading to automated. In any case it […]

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May 17
2010

EUR/USD Rises Above Opening Level on Lower Optimism in U.S.

EUR/USD trades higher than the opening level after it tumbled earlier today. Though an outlook for an economic activity in the U.S. remains favorable, the level of optimism significantly fell. Yet significant increase of net long-term securities transactions signals that the dollar may resume its appreciation. EUR/USD trades currently at 1.2390. N.Y. Empire State Manufacturing index noticeably dropped to 19.1 from April figure of 31.9. The report should disappoint […]

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May 17
2010

Australian Dollar Falls on Concern for Demand & Interest Rates

The Australian dollar fell versus its U.S. counterpart today on the concern that the fiscal crisis in Europe will impact the global markets, eroding the demand for the riskier currencies, and on speculation that the central bank won’t raise the interest rates in June. The troubles in Europe persist, damping the equities and the prices for the commodities and, as a result, hurting the currencies tied to growth, including the Aussie. The analysts say there are doubts that the central bank will increase […]

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