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Day: March 14, 2011
March 142011
Pound Gains as Britain May Keep Its Rating, Raise Interest Rates
The Great Britain pound posted the impressive gains today after Fitch Ratings said that the UK should keep its top credit rating and as the talks about an increase of the interest rates renewed. Fitch said that the âprincipal riskâ to Britain’s credit rating is the slower than previously estimated economic recovery, yet it’s not “sufficiently material” to warrant a downgrade of the nation’s AAA rating. Fitch analyst Maria Malas-Mroueh said […]
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March 142011
Forecast: Yen May Go Down on Intervention and BoJ Rates Decision
The Japanese yen rose sharply on the last Friday after the earthquake hit the country, spurring risk aversion and demand for the currency as a safe haven. Today the currency slipped as the government and the central bank attempt to deal with the results of the disaster. Can the Japanese currency still profit from the fears, caused by the tremor, or itâs going to extend its losses? The earthquake and the subsequent explosion at Fukushima nuclear plant added to the uncertainty, caused by the tensions in North Africa and Middle […]
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March 142011
European Union Summit Bolsters Euro
The euro gained today as the European leaders decided on the summit to increase the rescue funds to aid the indebted peripheral economies of the region. The leaders of the European Unions have met on the two-daysummit in Brussels on March 11. They agreed to make the â¬440 billion rescue fund fully effective, removing previous restrictions. The policy makers also discussed the measures to improve the health of the European economy. These talks were preliminary and more thorough discussion will occur on the next […]
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March 142011
Japanese Yen Drops as Central Bank Pumps Money
The Japanese yen tumbled today after the Bank of Japan pumped money into the nation’s financial system to help the country in dealing with the consequences of the 8.9-magnitude earthquake on March 11. The BoJ will add ¥15 trillion ($183 billion) to Japan’s economy and increase its asset-purchase program. The 8.9-magnitude earthquake on March 11 and the tsunami, caused by the tremor, have killed 10,000, according to the preliminary estimates of the police, in Miyagi prefecture north of Tokyo. USD/JPY traded […]
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March 142011
Fundamental Indicators in Forex — Which to Use?
According to one of the polls, about 69% of traders employ fundamental analysis in Forex trading (at least minimally). I’ve already asked the readers of this blog what standard technical indicators they use, and now it’s time to ask the same about the fundamental indicators. Personally I believe that the fundamental factors play a huge role in how the currency pairs are traded. The fundamental indicators are deterministic for the long-term movement of the Forex rates. Unfortunately, […]
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