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Day: May 3, 2011
May 32011
Australian Dollar Declines as RBA Holds Interest Rates
The Australian dollar fell today after Australia’s central bank kept its main interest rate unchanged and as commodities retreated, reducing appeal of currencies tied to growth. The Reuters/Jefferies CRB Index of raw materials slipped 0.5 percent. The Reserve Bank of Australia kept its 4.75 percent and bank’s Governor Glenn Stevens said in his statement: At today’s meeting, the Board judged that the current mildly restrictive stance of monetary policy remained […]
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May 32011
Great Britain Pound Down on Poor PMI Report
The Great Britain pound slid today after the report showed that the UK manufacturing PMI unexpectedly dropped, reducing the probability of an increase of the interest rates this week. Britain’s manufacturing PMI fell from 56.7 to 54.6, the lowest level in seven months, while analysts promised an increase to 57.0. Bank of England Governor Mervyn King said yesterday that the nation’s debt would increase if the interest rates would be raised. […]
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May 32011
Double-Platform Multi-Market ECN Broker — Solidity Brokers
Solidity Brokers’ description was added to the the list of FX companies on EarnForex.com. This broker is based in Cyprus but isn’t yet regulated by their CySEC. They offer ECN and common trading accounts. One can trade not only Forex market, but also commodities, indexes, stock CFDs. Trading can be performed via MT4, WebTrader or a mobile trading platform. Some other features of Solidity Brokers: $500 […]
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May 32011
Yen Jumps as bin Laden’s Death Causes Demand for Safety
The Japanese yen gained today as fears that the death of Osama bin Laden will cause revenge from Al-Qaeda spurred demand from investors for the currency as a safe haven. The MSCI Asia Pacific (excluding Japan) Index of shares fell 1 percent. The UK manufacturing PMI declined from 57.1 to 57.0 in April, according to forecasts before the report today. The today’s report is expected to show that the European industrial producer prices […]
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May 32011
Loonie Weakened by Concerns About Election’s Outcome
Concerns that today’s election will lead to weakening the ruling Conservative party undermined the Canadian dollar. The decline of crude oil, main Canada’s export, drove the currency further down. Prime Minister Stephen Harperâs Conservative minority government is considered successful by many analysts and its weakening or removal from power may reduce markets’ confidence in the Canadian economy and currency. The New Democratic Party may receive enough votes to deny […]
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