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Day: August 26, 2010
August 262010
Euro Follows Continental Stocks, Goes Up
The euro continued its recovery trend against the dollar and the yen today as some more-or-less positive news spurred the growth of the stock market up from its bottom. Positive profit reports of the biggest European companies inspired investors to buy the stocks today. The euro managed to grow against the safe haven dollar and yen for the second day, setting a new weekly maximum. Traders also reacted to the US jobless claims report, which wasn’t […]
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August 262010
Forex Broker with German/US Regulation
Tradenext is the latest Forex broker addition to the list on the site. It’s regulated by both US’ NFA and Germany’s BaFIN. It’s a broker with MetaTrader support and also with their own Tradvec trading platform. It offers micro-Forex trading but the minimum account size is quite high ($1,000), while the leverage is quite flexible. Some other highlights of this broker: Trading on futures, gold, oil and indexes is […]
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August 262010
AUD, NZD Benefit from Japan’s Intervention Rumors
Both Australian and New Zealand currencies benefited from the speculations that the Japanese authorities will have to use currency intervention to hold down the yen’s growth. The Aussie and kiwi gained also as the Asian stock markets demonstrated a growth today following days of decline (as a result of the global macroeconomic situation). The currencies were rising yesterday when the Japan’s officials commented on the inappropriate growth of the yen. They were both in the downtrend since the beginning of the month. […]
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