Day: November 8, 2010

November 8
2010

Loonie Falls vs. Greenback, Gains vs. Euro

The Canadian dollar slipped against its US counterpart as the declining stocks and commodities caused the speculation that the global economic recovery is losing its momentum. The currency strengthened against the euro. The Standard & Poor’s 500 Index and the MSCI World Index fell 0.3 percent each today. Futures for crude oil, the main Canada’s export, dropped 0.4 percent to $86.53 per barrel, following the 1 percent decline earlier. The renewed […]

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November 8
2010

South Korean Won Hurt by Volatility Curbs

The South Korean won fell on the concerns that the government is going to perform actions, which would curb the currency’s volatility and drive away the speculators. South Korea’s government announced the cap on currency derivatives in June, demanding the foreign and domestic banks to cut their holdings to the specified amount of equity capital by October 2012. It looks like the government desires to prevent the speculative funds from coming into the country, which is weakening […]

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November 8
2010

Ireland’s Budget Deficit Weakens Euro

The euro dropped today as the speculation that Ireland wouldn’t be able to curb its budget deficit renewed the concerns about the debt crisis in the euro-region. Ireland announced last week the plan to cut spending by as much as â‚¬6 billion ($8.4 billion) in 2011. Olli Rehn, the European Commissioner for Economic and Financial Affairs, arrives today in Dublin to discuss the spending cuts and the tax increases. The spread, between Irish bonds and benchmark German bunds, maturing […]

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November 8
2010

Do You Read Forex Books?

When someone wants to learn something, there are basically three ways to follow — get a formal education, read books and learn from the extensive practice. There’s almost no formal education in Forex (if we don’t count various courses, seminars and webinars) so, the majority of novice traders either jump directly into the demo trading to learn everything in the field or start by reading books. Some mix of these two methods […]

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