The euro advanced today against the U.S. dollar, erasing the yesterday’s decline, and rose versus the Great Britain pound and the Japanese yen after China confirmed its intentions to invest in Europe, damping the risk aversion sentiment and aiding the currencies tied to growth. Chinaâs State Administration of Foreign Exchange said on its website today: “Europe has been, and will be, one of the major markets for investing Chinaâs exchange reserves”. This announcement eased […]
Read moreThe Canadian dollar strengthened today, paring its previous losses, after the concern about the fiscal troubles in the Europe receded, driving the stocks up and increasing the bets that the central bank will increase the interest rates in June. The confidence in the euro improved after some good news: China confirmed its willingness to invest in Europe and Spain has taken measures to reinforce its banking systems. And as there weren’t noticeable bad news lately, […]
Read moreThe Great Britain pound rose today after the Chinese government announced that the report that China is reviewing the foreign-exchange holdings of the euro assets is “groundless”, improving the traders’ risk sentiment. The announcement was comforting as China is one of the most significant holders of foreign reserves in the world. The State Administration of Foreign Exchange said that China is the responsible long-term investor and Europe has been and will be a major investment […]
Read moreThe Taiwan dollar fell today as the central bank’s policy makers attempt to prevent the speculation leading to the currency’s appreciation. The Central Bank of the Republic of China (Taiwan) takes measures to ensure that the loans won’t be used in the speculation and set the one-week deadline to invest or repatriate the money brought into the country. Such actions make the traders to avoid the Taiwan currency, despite the fact it’s considered the most undervalued currency among the Asian currencies. USD/TWD […]
Read moreEUR/USD is going up after China declined the report that it’s reviewing its euro-denominated assets, improving an outlook for the euro, and after reports from U.S. showed worse results than was expected. Figures released today were below forecasts, suggesting that U.S. economy isn’t expand as fast as was expected. EUR/USD trades now near 1.2243. Preliminary GDP increased at an annual rate of 3.0 percent in the first […]
Read moreFBS is a latest addition to the list of Forex brokers on EarnForex.com; its description was published today. This broker is of a Russian origin but is registered in Mauritius (which looks to be a popular destination to start-up brokers recently). It’s quite a generic MetaTrader Forex broker but they offer rather interesting micro-Forex trading conditions with only $5 minimum, 1:500 leverage and micro-lots. Even if it won’t […]
Read moreThe euro rebounded today after the yesterday’s drop despite the forecasts about possible decline to parity with the U.S. dollar and the threat of the break-up of the Euro-zone. The concerns remain, nevertheless. Unexpected Germany’s decision to ban naked short selling showed that the European Union’s nations don’t have the single policy to deal with the problems in the region. And without the unified strategy the Euro-zone has little chance to survive. The analysts say that the European Union should […]
Read moreThe U.S. dollar rose against the euro and the Great Britain pound today as the debt crisis threatens to spread across the European countries, increasing the demand for the safety, while the U.S. economy shows the accelerating growth, rising the appeal of the U.S. currency as the safe haven, though the Japanese yen managed to outperform the greenback. The durable goods orders increased by 2.9% in April, which is significantly better result than forecasted growth by 1.4%, showing the accelerated expansion […]
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