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Day: July 6, 2010
July 62010
Dollar Falls as Stocks Gain & Concern for U.S. Recovery Grows
The U.S. dollar weakened today as the concern for the U.S. economic recovery and gains of the global stocks decreased the appeal of the greenback as the safe currency. The Stoxx Europe 600 Index rose 2.6 percent. The Standard & Poorâs 500 Index fell 5 percent in the previous week, following the 3.7 percent decline in the week before. The Dollar Index, declined last week for the fourth week, dropping to 84.427. The previous disturbing data make the market participants to worry […]
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July 62010
Euro Recovers Slightly as Equities Rise
The euro rose today as the equities gained, increasing the willingness to risk among the investors and improving the general sentiment on the markets. The Stoxx Europe 600 Index rose for the first day in more than a week. The outlook for the euro remains pessimistic, though, as the European Central Bank continues to buy the government bonds to aid the European economy, prompting the traders to think that the shared 16-nation currency may reach parity with the greenback. EUR/USD traded near 1.2583 […]
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July 62010
Aussie Rises on Optimistic Economic Outlook
The Australian dollar gained today after the Reserve Bank of Australia kept the interest rates unchanged and the report showed that the nation’s trade surplus grew. The RBA kept the overnight cash rate target at 4.5 percent and hinted that its benchmark rate may be kept unchanged in the near term. Glenn Stevens, Governor of the RBA, said: With the high level of the terms of trade expected to add to incomes and demand, output growth in Australia […]
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July 62010
Swedish Forex Broker Gedamo Investment
My latest addition to the list of Forex brokers on EarnForex is Gedamo Investment. It’s a Swedish broker that is registered (but not supervised) by their Financial Inspection Service. They are aimed on rather big traders as their minimum account size is â¬2,000, which is quite high compared to rather popular $1 minimum. The leverage is moderately flexible between 1:1 and 1:200. It’s a MetaTrader 4 Forex broker […]
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