Day: April 4, 2011

April 4
2011

Australian Dollar Retreats After Reaching Record vs. Yen

The Australian dollar touched the record price in 11 months versus the Japanese yen today as stocks rallied, but retreated on the forecast that the central bank will leave the interest rates unchanged. The MSCI Asia Pacific Index of regional shares rose 0.5 percent. The Thomson Reuters/Jefferies CRB Index of raw materials gained 0.2 percent. The Australian dollar is a currency related to growth, and as such gains of stocks and commodities are beneficial to it […]

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April 4
2011

A Dealing Center Based in Seychelles — Profiforex

Seychelles seems to be one of those nice offshore zones for the Forex brokers — no real regulation and minimal taxes stimulate appearance of the companies registered there. Profiforex is one of such brokers. It’s a generic MetaTrader broker with features intrinsic to such similar offshore brokers — low minimum account size and position size, very flexible leverage (up to 1:500) and developed support for online payment systems. At the same time, it […]

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April 4
2011

Pound Strengthens as Construction Expands

The Great Britain pound gained today after the report showed that the construction in the UK expanded in March faster than was predicted by analysts. The seasonally adjusted Markit/CIPS Construction Purchasing Managers’ Index was at 56.4 in March, showing a strong expansion of activity in the UK construction sector. The index was at 56.5 in February and was expected to drop to 54.7 last month. GBP/USD traded at 1.6142 today as of 10:16 GMT after it opened at 1.6107 […]

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April 4
2011

Euro Declines as Interest Rates Can Hurt Indebted Nations

The euro pared its five-day gains versus the US dollar as the anticipated interest rates increase can cripple the most indebted nations of the Eurozone. Analysts predict that the European Central Bank will raise its benchmark rate by 25 basis points on April 7 from the record low of 1 percent. Such increase will be beneficial for the strong economies, like the German one, but can be disastrous for the peripheral nations, […]

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