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Day: June 7, 2010
June 72010
Employment Data Helps Loonie Appreciate
The Canadian dollar gained today after the report last week showed the better than expected growth of the nation’s employment, increasing the appeal of the currency as the safe haven. The employment rose by 24,700 in May from the previous month, the fifth consecutive monthly increase, following the impressive growth by 108,700 in April. Canadaâs economy grew by 6.1 percent in the first quarter. The favorable data overshadowed the decline of the stocks and crude oil. The economists say that the Canadian currency […]
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June 72010
Fears of European Crisis Hurt Brazilian Real
The Brazilian real went down today as the fears of the spreading European crisis deter the investors from the riskier currencies. The worries about the fiscal crisis surged after the Hungarian Prime Minister said that the previous government lied about the state of the nation’s economy and manipulated figures to conceal the possibility of the default. The concern about the possible spreading of the crisis to Eastern Europe heightened after the threat of the default in Hungary was revealed. The ensuing uncertainty amongst the traders […]
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June 72010
Cypriot Broker with Custom Platform FXGM
Now you can read the description and the reviews of FXGM broker on EarnForex.com. It’s another Cyprus based Forex broker that’s regulated by CySEC. It offers a custom Forex trading platform (stand-alone). Their conditions for trading are quite OK: accounts start from $250, 0.025-lots and a flexible leverage of up to 1:400 (depends on the position size but is still very customizable). Their main disadvantage, in my opinion, is that they […]
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June 72010
Mexican Peso Falls on U.S. Jobs Report & European Crisis
The Mexican peso fell today on the concerns that the global recovery may slow, fueled by the lower than expected payrolls in the U.S. and the sovereign-debt crisis in Europe. The analysts expected that nonfarm payroll employment in May would increase by 521,000, while the actual growth was only 431,000 and the private sector added only 41,000 jobs. The threat of the debt crisis’s expansion across the Europe still destabilizes the global markets, affecting the peso. USD/MXN traded […]
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