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Day: October 28, 2010
October 282010
Retail Sales Bolsters Swedish Krona & Bets on Rates Hike
The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike. The annual growth of the retail sales was 5.5 percent in September, 4.5 percent more than a month earlier. That’s above the median forecast of the 4.2 percent increase. The central bank previously cut the long-term target for the interest rates increases because of the slower global economic growth. Niels Christensen, […]
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October 282010
Yuan Appreciation Slows as Dollar Strengthens
The Chinese yuan fell today to the lowest level in a month after the central bank set the reference rate lower for the third day, fueling the speculation the government would limit the currency’s gains. It looks like the Chinese policy makers used the strength of the dollar against other currencies as an excuse to slow down the appreciation of the yuan. The Peopleâs Bank of China set the reference rate 0.11 percent weaker at 6.6986 against the dollar. USD/CNY rose from […]
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October 282010
Dollar Falls as Talks About Quantitative Easing Intensifies
The US dollar fell against all other most-traded currencies today as the speculation that the bonds buying program of the Federal Reserve would weaken the US currency increased the demand for the riskier assets. The dollar slipped after the policy makers asked the investors and the dealers about their projections of the asset purchases over the next six months. The Dollar Index, tracking the greenback versus the currencies of the six major US trading partners, fell 0.6 percent […]
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October 282010
Yet Another “Markets” Broker from BVI AFM
Please, welcome our new listed broker — AFM. It’s latest addition to the Forex broker list and the 17th listed broker with “Markets” in its name (AFM stands for Advanced Financial Markets). They are registered in British Virgin Islands and offer Forex trading services via MetaTrader platform. The entry conditions are rather tight — $1,000 minimum and full standard lot as a minimum position size, but the leverage is rather […]
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October 282010
New Zealand Currency Attempts to Rise After Slump vs. US Dollar
The New Zealand tumbled today, reaching the lowest level in three weeks on the outlook that the Federal Reserve would buy less assets to stimulate the US economy, before regaining its strength of the comments of New Zealand’s central bank. The currency extended its gains versus the euro. The New Zealand currency gained after the Reserve Bank of New Zealand said that the high export prices and the reconstruction in Canterbury, which were hit by the earthquake, […]
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