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Day: November 25, 2010
November 252010
Pound Strengthens vs. Franc on King’s Statement
The Great Britain pound rose today against the Swiss franc as the optimistic statement of the central bank’s governor Mervyn King improved the confidence in Britain’s currency. Against other currencies the pound was rather flat as the markets traded slower than usual today because of the Thanksgiving holiday in the US. The Bank of England Governor Mervyn King said in his statement to the Treasury Select Committee of the House of Commons this morning: Together with policymakers overseas, […]
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November 252010
Forex Popularity Grows Slowly
Considering that today isn’t a day of a high market volatility and big opportunities in Forex, I’ve decided to post something interesting but a little detached from the actual trading. I’m always interested in how the popularity of the Forex trading grows among the common people. Fortunately enough, Google is such a nice company that it allows us to easily access the data that represents the popularity of almost everything. The chart below shows […]
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November 252010
Euro Slips on Strikes in Portugal & Ireland
The euro slipped today as the workers in Portugal and Ireland are planning to go on strike to protest about the planned austerity measures, curbing the appeal of the shared 16-nation European currency. Portugal’s government announced in September that it’s planning to cut the wage bill by 5 percent for the public workers earning more than â¬1,500 ($2,000) a month, freeze the hiring and raise value-added taxes by 20 basis points to 23 percent in order to reduce the budget deficit. […]
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