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Day: October 4, 2010
October 42010
New Zealand Dollar Falls as Economic Growth Slows
The New Zealand dollar weakened today after the Treasury Department said that the nation’s economy may grow slower in the second half of this year than was previously estimated on the stalling global recovery and the Canterbury earthquake. Alan Bollard, the governor of the Reserve Bank of New Zealand, lowered the growth forecast last month and left the cash rate unchanged after two successive increases. New Zealand’s gross domestic product grew 0.2 […]
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October 42010
Euro Falls After Week of Strong Rally
The euro slipped today against most of its most traded counterparts as the concerns, that the European nations would fail to reduce their budget deficit, erased the attractiveness of the shared 16-nation currency. The Financial Times said that Ireland’s budget deficit would be higher than previously estimated this year. The concerns for Ireland’s economy halted the rally of the euro, which was very strong last week but now the European currency […]
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October 42010
ATC 2010 Has Started
ATC 2010 has started today. It will last until December 24. 314 expert advisors compete for the first $80,000 prize fund. Currently (after only 12 hours from the start) the top 10 is dominated by the extremely aggressive EAs with the best one of them showing almost $5,000 profit (50%). It’s an interesting contest to follow and it’s not difficult to copy the trades (if you are risky […]
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October 42010
EUR/USD Down on Concerns for Europe’s Economy
The euro fell versus the dollar today after a strong rally last week. The currency slowed its declined for now, but trades way below its last week’s highs and today’s opening level. Concerns for Europe’s economy should be a main reason for this decline as there was not much data from the US today and it was mixed. EUR/USD trades now at 1.3708 after it reached 1.3783 last […]
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