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Day: September 6, 2010
September 62010
Yuan Rises as US Advisors Visit China
The Chinese yuan rises to the highest level in more than two weeks today against the US dollar as the US government advisers visit China, causing the speculations that the Chinese currency would be allowed to appreciate more. Larry Summers, the Director of the White House National Economic Council for President Barack Obama, started the meeting with Li Yuanchao, the head of the Communist Partyâs organization department, in Beijing today. The Asian currencies also gained […]
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September 62010
Weighing Risk in Forex Positions
When opening a Forex position it’s very important to consider your own maximum risk tolerance, which usually depends on the account size and the stop-loss of the said position. Risking only a small fixed fraction of your account balance is a nice way to limit your losses and to organize the whole trading process. But there is also another risk factor that’s often overlooked by the traders and is rarely used when opening […]
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September 62010
Euro Rises on Good German Economic Outlook
The euro traded at the highest level in more than two weeks as the analysts predicted that the government reports would show that the German economic recovery is gaining momentum. The factory orders in Germany grew 0.5 percent in July, following the 3.2 percent growth in the previous month according to the economists’ estimates. The experts also estimated that the industrial production rose 1 percent. The good economic forecasts damped the demand for the safety of the dollar. EUR/USD […]
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