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Day: September 29, 2010
September 292010
Aussie Reaches Parity with Loonie, Rises vs. Greenback
The Australian dollar rose to the highest level in six years against its Canadian counterpart and gained versus the US currency on the outlook for the faster economic growth in China. The Aussie and the loonie are both related to growth and considered to commodity currencies. Therefore they are generally driven by the same factors. The key reason for their different performance is their export markets. Australia mainly exports to Asia, particularly China, while Canada’s main trading […]
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September 292010
Britain’s Pound Falls with Mortgage Approvals
The Great Britain pound fell today and traded near the lowest level in four months against the euro after the report showed that the number of the mortgage approvals in Britain declined, adding to the signs of the slowing recovery. The UK approvals secured on dwellings declined from 48,346 in July to 47,372 in August. This reading was in line with the forecasts. The concerns for Britain’s economy make the sterling one of the worst-performing currency among its major counterparts, except […]
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September 292010
Chile’s Peso Rises on Industrial Production & Retail Sales
The Chilean peso rose today after the report showed that the nation’s industrial production increased with fastest pace in more than four years and the retail sales grew. Chile’s industrial production expanded 6.9 percent in August, the biggest increase since January 2006. The industrial output dropped 17 percent after the 8.8-magnitude earthquake on February 27th and subsequent tsunami, which caused the damage equal to more than the sixth of Chileâs gross […]
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September 292010
Hong Kong Registered Generic MetaTrader Broker — RVMarkets
RVMarkets isn’t particularly outstanding Forex broker. They offer rather generic conditions for the non-US MetaTrader brokers — low minimum account size, micro-lots, on-line payment systems for account funding/withdrawals, high leverage, etc. At the same time they don’t go beyond Forex and offer only currency pairs for trading. The company is registered in Hong Kong, but isn’t regulated as a Forex broker. Other highlights of RVMarkets include: Regular bonuses […]
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