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Day: September 13, 2010
September 132010
Swiss Franc Goes Down as China’s Industrial Output Grows
The positive economic data from China caused the Swiss franc to depreciate against the euro, as the signs of the Chinese economic growth decreased the demand for the safety. The US dollar weakened versus the franc. The annual growth of the Chinese factory output was 13.9 percent in August. The good macroeconomic data from China boosted the equities, causing the MSCI World Index to rise 1.4 percent. The resulting optimism among the traders wasn’t good for the franc, as the investors tend […]
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September 132010
Good Risk Sentiment Bolsters Canadian Dollar
The brighter outlook for the economic growth of the US and China bolstered the stocks and the commodity prices today, improving the risk sentiment. The investors’ willingness to risk benefited the Canadian dollar, which jumped to the highest level in three weeks. Chinaâs industrial output advanced 13.9 percent in August from the previous year and the annual growth of the retail sales were 18.4 percent last month. The report about the US retail sales will be released tomorrow; the analysts […]
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September 132010
Mexico’s Peso Rises on Crude Oil & US Stocks
The Mexican peso strengthened against the US dollar today for the fourth day as crude oil gained and the US equities went up, making Mexico’s peso the best performing currency of Latin America. Prices for crude oil, one of the main sources of revenue for Mexico, rose 2.9 percent to $76.40 per barrel. The Standard & Poorâs 500 Index gained 0.5 percent. The Mexican currency advanced 0.1 percent last week. USD/MXN fell […]
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September 132010
Euro Gains as Recovery Concern Ease, Basel Extends Deadlines
The euro gained today versus the US dollar and the Japanese yen as China’s economic expansion improved outlook for the global economic recovery and as the banks were given eight years to comply with more strict capital rules. The Chinese reports showed higher than predicted retail sales and the biggest advance of the industrial production in three months, supporting the outlook for the sustainable global recovery. The Basel Committee on Banking Supervision extended to eight years the deadline for the lenders […]
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September 132010
Do You Use Any Online Forex Tools?
Various websites provide a great selection of free and paid Forex tools that can be used by the currency traders for the purpose of increasing their profitability. For example, I often use a position size calculator and watch Forex videos online, which helps me to get the latest analysis and news. Economic calendar is probably the most popular online tool among all traders (except maybe those that own a Bloomberg terminal or something […]
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September 132010
Treasury Budget Deficit Shrinks, EUR/USD Rises
The euro jumped against the dollar today with improving outlook for global recovery. Today we had only one report: about treasury budget. It showed that budget deficit significantly shrank in August. EUR/USD trades now at 1.2871. US treasury budget posted a deficit of $90.5 billion in August, compared with the previous reading of $165 billion. The forecast deficit was $102.5 billion. On Friday a report on wholesale inventories was […]
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