Day: September 22, 2010

September 22
2010

Outlook for Interest Rates Hike Boost Norwegian Krone

The Norwegian krone jumped today to the highest level since April as the bets on the future interest hikes increased after Norway’s central bank expressed desire to increase the rates to the “more normal level”. The central bank left the benchmark deposit rate at the previous level of 2 percent. Yet the bank’s Executive Board hinted in its monetary policy statement that the interest rates increases are possible in the future: The consideration of guarding against the risk of future […]

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September 22
2010

Poor Retail Sales Undermine Confidence in Canadian Dollar

The poor economic data continues to come from Canada as the report today showed that the Canadian retail sales unexpectedly decreased, signaling that Canada’s economic growth is losing momentum and driving the Canadian dollar down. The retails sales dropped 0.1 percent in July, after there was no change in the month earlier. The actual reading was far worse than forecasts promised (0.5 percent growth). Today’s data, together […]

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September 22
2010

Franc Reaches Record High Level Since March 2008 Against Dollar

The Swiss franc rose today to the highest level since March 2008 against the US dollar as the attractiveness of the currency as the safe haven increased after the Federal Reserve signaled it may restart buying of the securities. The Federal Open Market Committee stated yesterday: The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. These words may suggest about restarting of the quantitative easing policy, […]

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September 22
2010

UK Budget Deficit Widens, Pound Weakens

The Great Britain pound slipped today versus the euro to the lowest level since May after the report showed that Britain budget deficit widened in August more than expected, increasing the possibility of further budget spending cuts. The sterling rose against the US dollar. The UK public sector net borrowing was £15.9 billion in August, compared to the borrowing of £14.1 billion in a year ago. The current budget posted the deficit of £13.3 billion […]

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September 22
2010

Forex Book With Unimaginative Title

I’m not sure if there is some sense in having so many similar Forex e-books that try to cover all trading topics at once and introduce them to the beginning trader but today I’ve added another one to EarnForex.com. It’s titled “Forex Trading” and goes through all important subjects that every trader needs to be aware of. Unfortunately, it doesn’t do a great job at its […]

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