Day: July 5, 2010

July 5
2010

Euro Drops on Outlook for Interest Rates to Stay at Low Level

The euro halted its three-day rally today on the prospect that the European Central Bank would keep the interest rates at the current low level in the effort to reduce the negative impact of the budget deficits on the region’s economy. Jean-Claude Trichet, the President of the European Central Bank, stressed yesterday the importance for the European governments to reduce the budget deficits in order to improve the confidence of the investors and the consumers. The economists say that the European economy is currently too weak to justify […]

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July 5
2010

Zloty Rises as Komorowski Wins

The Polish zloty strengthened today after Bronislaw Komorowski won in the presidential election, spurring the hopes that his victory would help to reduce the nation’s budget and to adopt the euro in 2015. According to the final tally by the State Election Commission, Komorowski has won 53 percent of the votes. His victory may help to end divisions that appeared under the previous President, as Komorowski’s victory gives his Civic Platform party control both […]

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July 5
2010

Trading Only During Certain Trading Sessions?

Forex trading experience can vary greatly during different trading sessions and days of the weeks. Some traders prefer to trade only on London-U.S. or U.S.-Asian sessions’ intersection for the biggest volume and steadier trends, others try to avoid Friday and early Monday trading or trade exclusively on Wednesdays and Thursdays (the most pip-moving weekdays). Trading time management can be as important as the analysis or money management parts of the Forex trading. Some strategies can only […]

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