Day: May 31, 2010

May 31
2010

Trade Deficit Hurts South African Rand

The South African rand fell today after the country posted the trade deficit in April, which caused the concerns that the nation’s economy will be more dependent on the foreign financial inflows. South Africa’s economy posted the trade deficit of 1.89 billion rand ($246 million) the last month, following the revised surplus of 458 million rand in March. This figure, while better then expected, makes the investors to worry about the nation’s […]

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May 31
2010

Canada’s Economy Bolsters Canadian Currency

The Canadian dollar rose against its U.S. counterpart, paring previous losses, and extended its rally versus the euro today on the signs of the record economical growth and on rising oil prices, which caused the speculations that the central bank will increase the interest rates. Canada’s gross domestic product grew 6.1 percent in the first quarter of this year, the fastest pace in a decade. July delivery for crude oil rose $0.71 (1 percent) […]

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May 31
2010

Czech Koruna Rises After Parliamentary Election

The Czech Koruna jumped today after the parliamentary election gave most votes to the parties determined to cut the budget spending, removing the concerns of the market participants that the election will be won by the parties intending to increase the social spending. Petr Necas, the leader of the Civic Democratic Party, said: “We have to send a message to the international investment community about responsible budget policy”. The investors expect that the new government will perform the fiscal […]

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May 31
2010

Japanese Yen Weakened by Political Turmoil

The Japanese yen dropped today after the Japan’s Social Democratic Party left the coalition government, causing speculation that the political turmoil will diminish the currency’s attractiveness as the safe haven. The Social Democratic Party left the ruling coalition yesterday after Yukio Hatoyama, the Prime Minister of Japan, fired from the Cabinet the party’s leader and its only Cabinet minister. The survey showed that 63 percent of the nation’s voters want Hatoyama to resign. […]

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May 31
2010

Will You Register for Automated Trading Championship 2010?

MetaQuotes, the company that develops the MetaTrader series of the trading platforms, announced that the registration for their Automated Trading Championship 2010 will start tomorrow, June 1, 2010. That’s one month earlier than usually and it will last until September 22nd and the contest will probably start on October 1 as usually. MQL’s automated contests for the MetaTrader EAs are a great opportunity for the coders and traders to test their Forex expert […]

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