The Australian dollar dropped against the euro after the report showed that the number of home loan in Australia unexpectedly decreased. The currency erased losses versus the US dollar and the Japanese yen as commodities and stocks slowed decline. The Standard & Poorâs 500 Index was little changed after falling earlier 0.5 percent. The Thomson Reuters/Jefferies CRB Index of raw materials was little changed, following a decline by 0.4 percent. The number of home […]
Read moreThe euro rose today even as today’s meeting of the European Union policy makers in Brussels can result in restructuring of Greece’s debt, fueling concerns about Europe’s credit crisis. Greece wants extensions of its credit maturities, but other European countries, Germany especially, demand bigger budget cuts before providing more aid. Volker Kauder, the parliamentary leader of the Christian Democratic bloc, said that there will be “No […]
Read moreThe Swiss franc strengthened today before the meeting of the European Union finance ministers today, where they’ll discuss the debt issues. The ministers will negotiate about the terms of the bailout for Greece. Another theme of the discussion will be â¬78 billion ($110 billion) aid for Portugal. It looks like market participants don’t believe that this meeting will help Europe in any meaningful manner and seek safety of the Swiss currency. USD/CHF […]
Read moreEUR/USD rose as the European Union finance ministers conduct meeting in Brussels to discuss the debt issues of the peripheral economies, including Greece. The US manufacturing slowed this month, further boosting the currency pair. EUR/USD currently trades at 1.4168. NY Empire State Index was at 11.9 in May. It’s almost half of the April value of 21.7 and the expected value of 20.7. The index shows that manufacturing is still growing, but with slower […]
Read moreReal Forex is the name of the newly added broker on EarnForex.com. Apart from an arrogant title, this company is notable for its custom Real Stream FX platform for ECN trading. It supports FIX API that allows connection to 10 different market liquidity providers. This broker is based in the United Kingdom but isn’t regulated by FSA. They offer accounts starting from $2,000 and a fixed leverage of 1:200. […]
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