Day: November 19, 2010

November 19
2010

Irish Bailout Undermines Demand for Pound

The Great Britain pound fell today as the talks about the anticipated bailout for Ireland undermined the demand for the currency as the safer asset. The decline hasn’t erased yesterday gains as the sterling surged on the yesterday’s session too high and attempted to continue its rally today before falling. Brian Lenihan, Ireland’s Minister for Finance, said yesterday that the government would be glad to receive “substantial contingency capital funding”, which may reach “tens of billions” […]

Read more
November 19
2010

New Zealand Dollar Falls as China May Curb Inflation

The New Zealand dollar fell today on the concerns that China may raise its interest rates to cool the economy and to slow the inflation. Some analysts predict that the Chinese inflation may jump to 3.8 percent in the fourth quarter of this year. Wen Jiabao, the Premier of China, voiced concern that the high inflation may hurt economy and gathered the cabinet meeting on this matter, leading to the speculation that the government would take measures […]

Read more
November 19
2010

Swiss Franc Falls on Outlook for US GDP & Ireland’s Bailout

The Swiss franc dropped today against the euro as the optimism about the possible bailout for Ireland decreased demand for the safe currencies. The franc declined, after it earlier advanced, versus the US dollar on the speculation that the US GDP in the third quarter rose more than previously estimated. The analysts say that the US gross domestic product expanded 2.3 percent in the third quarter of 2010, while according to the previous estimates the growth was by 2.0 […]

Read more
November 19
2010

New Mauritian Forex Broker with Tight Spreads — HotForex

HotForex is the latest addition to the list of the Forex brokers on EarnForex.com. It’s a MetaTrader broker that is registered and regulated in Mauritius (by their FSC). It’s quite a new broker but it’s already become quite popular because of its low spreads and other favorable conditions, including flexible leverage and a bonus system for the real account traders. The minimum account size is only $25 and the micro-Forex trading is, of course, allowed. Other […]

Read more
November 19
2010

Aussie Gains on Outlook for Rates & Ireland’s Bailout

The Australia dollar rose today as the speculation about the possible bailout for Ireland increased demand for the higher-yielding assets, increasing the bets on the rates hike by the central bank. Ric Battellino, the Deputy Governor of the Reserve Bank of Australia, said that the inflation pressure will likely persist. He stated that “over the next couple of years as a result of the resources boom, the challenge will be to manage the economy in a way that keeps economic growth on a sustainable path, […]

Read more