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Day: February 14, 2011
February 142011
Canadian Dollar Weakens After Crude Declines, Still Looks Good
The Canadian dollar weakened against its US counterpart today after crude oil declined, but the speculation that Canada’s central bank will raise the interest rates before the European Central Bank allowed the Canadian currency to erase the losses versus the euro. The loonie strengthened at the beginning of today’s trading session as crude oil, the key export of Canada, advanced after the report that China’s imports surged 51 percent last month. […]
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February 142011
New Zealand Retail Sales Declines, Kiwi Remains Flat
Today’s report about the decline of New Zealand retail sales weakened the nation’s currency, but the New Zealand dollar regained its strength later and currently trades almost flat versus the US dollar and the Japanese yen, and even posted gains against the euro. Statistics New Zealand reported today that the seasonally adjusted total retail sales value decreased 1.1 percent in December, following the 1.2 percent increase in November. The decrease […]
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February 142011
Euro Drops as Nations Argue Against Debt-Reduction Measures
The euro fell against most of 16 major currencies today as some nations criticized the plans for battling the debt issues, causing concerns that the sovereign-debt problems won’t be resolved soon. Greece criticized demands of the European Union and International Monetary Fund to sell state assets in order to raise â¬50 billion by 2015 for paying debts. The nation also joined Italy in arguing against annual debt-reduction targets. Irelandâs largest opposition party […]
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February 142011
Poland’s Current Account Deficit Weakens Zloty
The Polish zloty weakened today as Poland’s current account deficit surged. The currency is expected to depreciate further. Poland’s current account deficit almost doubled in December from a year ago as the accelerating economic growth increased consumption. BNP Paribas predicted that EUR/PLN may continue to rise, but it’s required to break through the resistance level of 3.94 to post significant gains. USD/PLN rose from 2.8940 to 2.9222 as of 11:42 GMT, […]
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February 142011
How Forex Traders Get Scammed by Brokers?
Three months ago I’ve listed several ways for brokers to “cheat” you legally, but those usually aren’t considered a scam behavior. Far more dangerous are the real Forex scams. I was fortunate enough not to open a trading account with a fraudulent broker, but I often read stories from the less lucky traders that were scammed in some way by a broker. I’ve created this poll to find out […]
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