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Day: December 24, 2010
December 242010
Another Cypriot Forex Broker — Trading Point
Today, another Cypriot Forex broker was listed on EarnForex.com — Trading Point. It doesn’t possess any distinguishing features that wouldn’t be present in many other similar companies. Trading Point offers MetaTrader platform, micro-lot trading, average spreads and quite low minimum account size — there’s no official minimum, actually, but there’s an effective minimum of $2 to open a trading position. Here are some highlights […]
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December 242010
US Dollar Declines vs. Commodity Currencies on Signs of Recovery
The US dollar declined versus the higher-yielding currencies as the macroeconomic reports suggested that the economic recovery is underway, encouraging the investors to take more risk in seeking profits. The University of Michigan index of the consumer sentiment in its revised edition showed the increase from 71.6 in November to 74.5 this month. The claims for the unemployment benefits in the US continued to decline, falling from 423,000 to 420,000 last week. The personal income in the US grew 0.3 percent […]
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December 242010
Loonie Gains vs. Greenback, Retreats vs. Aussie
The Canadian dollar strengthened today against its US counterpart as crude oil, the key export of Canada, rallied to the highest level in more than two years, but the loonie declined versus other commodity currencies as Canada’s economy grew in October less than expected. Canada’s gross domestic product increased 0.2 percent in October following the 0.1 percent decline in September. The forecasts promised the growth by 0.3 percent. Among the sectors contributed […]
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