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Day: June 15, 2010
June 152010
Canadian Dollar Rose with Equities & Oil
The Canadian dollar rose today, erasing the previous losses against the U.S. dollar and the Japanese yen, on the speculations that the central bank will raise the interest rates and after the equities and crude oil gained. The Standard & Poorâs 500 Index, with which the Canadian currency is strongly correlated, rose by 1.4 percent. July delivery for crude oil, the key Canada’s export, jumped as much as 2.1 percent to $76.70 per barrel. The Bank […]
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June 152010
Lower Greece’s Credit Rating Drives Rupee Down
The Indian rupee went down today after Moodyâs Investors Service reduced Greece’s credit rating, refueling the concerns that the problems in Europe will slow the global economic recovery. The reason for the concerns are the austerity measures, taken by Greece, as well as by other EU countries, which may have unwelcome effect on the European nations’ economic growth. The European troubles may have adverse effect on the capital flows to the emerging markets, that’s why […]
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June 152010
Interview with TFI FX
Today, I present to your attention an interview with Loucas Marangos, CEO of TFI Markets. He’s agreed to answer some questions regarding their Forex broker and the currency trading market as a whole. What makes traders choose you as their Forex broker? I mean the main features they look for when they select you among others. This is a difficult question and it can get very confusing for anyone looking for a suitable […]
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June 152010
Euro Resumed Its Rally Against U.S. Dollar
The euro was crippled today after Moodyâs Investors Service reduced Greeceâs credit rating, but managed to recover and resumed its rally. The data from the U.S., released today, left mixed feelings, but James Bullard, the President of the Federal Reserve Bank of St Louis, reassured that “the macroeconomic recovery in the U.S. remains on track and may be complete in the third quarter”. EUR/USD rose currently to 1.2290. N.Y. Empire State Manufacturing […]
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June 152010
Euro’s Rally Halted After Greece’s Credit Rating Dropped
The euro halted its rally against the U.S. dollar and the Japanese yen today as the fears that the European debt crisis will spread resurfaced after Moodyâs Investors Service reduced Greece’s credit rating. Moodyâs reduced Greeceâs credit rating from A3 grade to Ba1 (non-investment) yesterday as the austerity measures, taken by the Greek government to receive the bailout, threaten to cripple the nation’s economic growth. The forecast that the confidence of the German investors may […]
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