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Day: October 22, 2010
October 222010
Dollar Attempts to Reverse Downward Trend Ahead of G-20 Meeting
The US dollar fluctuated today, attempting to rise but meeting a resistance, as Timothy Geithner, the US Secretary of the Treasury, suggested that the G-20 countries should agreed on the targets to reduce the current account imbalances. Geithner proposed, as a measure to ease the currencies tensions and prevent the so-called currency wars, the countries with the positive trade balance to decrease their surpluses, in the same time helping the countries with the trade deficits. The leaders of other countries divided in their […]
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October 222010
Pound Weakens Ahead of G-20 Meeting
The Great Britain pound fluctuated today against the US dollar and the Japanese yen after it dropped earlier on the outlook for so-called quantitative easing by the Bank of England. The pound also weakened against the dollar on the speculation that on the G-20 the policy makers would discuss measures to prevent devaluation of the currencies across the world. Of course, the outcome of the meeting is unclear, but the uncertainty also plays in favor of the “safer” currencies, while weakening the riskier ones, including […]
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October 222010
German Business Confidence Supports Euro
The euro rose today against the Swiss franc after the report showed the unexpected growth of the German business confidence. The euro fluctuated versus the US dollar, but had tendency to rise gradually. The Ifo Business Climate indicator for industry and trade in Germany advanced from 106.8 to 107.6 in October. The analysts’ estimates promised a value of 106.5. Germany’s government more than doubled its growth forecast for this year to 3.4 percent. EUR/USD traded […]
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October 222010
FSA-Registered MetaTrader Forex Broker GFC Markets
I’ve found out about GFC Markets a few months ago but for some reason forgot to list it on the site. Today, I’ve finally added this Cypriot company to the list of Forex brokers. It’s a regulated MetaTrader broker (several European agencies, including British FSA). The minimum account to start trading with them is $50. Mini-Forex is available along with fixed 1:200 leverage (for the Forex pairs), while […]
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