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Day: September 20, 2010
September 202010
Britain’s Pound Drops on Weak UK Housing Market
The Great Britain pound fell today versus the US dollar, the euro and the Japanese yen on the concerns that the weakening housing market would hurt the recovery of Britain’s economy from its worst recession. The number of the new mortgages approved for the home purchases during the previous month dropped from 47,000 in July to 45,000 in August. The decline to 46,000 was expected. The value of the home loans went down pounds from 6.1 billion pounds to 5.9 […]
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September 202010
Rand Rises on Record Gold Prices
The South African rand trades near opening level after it rose previously as the gold prices remain near the record level and on the expectation the report would show this week that the nation’s traded deficit decreased in the second quarter. Gold gained 0.5 percent, rising for the third consecutive day, to of $1,283.38 per ounce, the record high level in all times. The analysts estimated that South Africa’s current account deficit decreased […]
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September 202010
EUR/USD Goes Up on Outlook for US Housing Market
The US dollar slipped today versus the euro as the experts anticipate that the report today show the low level of confidence among the US homebuilders and on the outlook for the interest rates. The analysts say that the National Association of Home Builders Housing Market Index was at 14 in September. The value below 50 indicates the negative outlook on the home sales. The Federal Open Market Committee meets tomorrow and expected to keep on its meeting the interest rates on the current […]
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September 202010
A Rather Strange US Broker ICM Brokers
The latest addition to the list of Forex brokers on EarnForex.com is ICM Brokers. It’s a rather strange MetaTrader Forex broker that claims to be registered in United States but isn’t regulated by NFA or CFTC. Most probably it’s set up as an offshore LLC in US but isn’t registered as a tax payer and doesn’t have a bank account there. Apart from that, it offers quite standard conditions — $500 minimum with […]
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