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Day: May 23, 2011
May 232011
Story of EU Debt Crisis Continues, Drowning Euro
The euro started this week very poor. The currency currently shows weak attempts to regain its footing, but most analysts have a very negative outlook for the euro in the near-term. The reason remains the same: sovereign-debt crisis. Greece has taken the biggest part, so far, in reducing confidence in the shared European currency and continues to do so. Fitch Rating downgraded Greeceâs credit rating, saying: The âB+â rating incorporates Fitchâs expectation […]
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May 232011
Australia’s Dollar Weakens with Stocks on European Crisis
The Australian dollar sank against other major currencies today as stocks dropped on growing concerns about the European debt crisis. Standard and Poor’s downgraded outlook for Italy’s debt rating to negative from stable. The MSCI Asia Pacific Index of shares fell as much as 2 percent, heading for the biggest drop since March 15, while the Nikkei 225 Stock Average tumbled 1.5 percent. The Aussie slipped also as the data showed that […]
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May 232011
How Big Is Your Forex?
I mean how big are your positions when you trade Forex? Do you trade with cents or do you prefer mini-Forex lots? Or is that too small for you and you trade with full-size lots or even million-unit lots? Personally, I prefer cent lots for their flexibility, but when I need to open a rather big position (rarely), I switch to standard Forex lots. Some brokers don’t even […]
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May 232011
Pound Gains vs. Euro as Dale Talks About Higher Rates
The Great Britain pound gained today versus the euro as Executive Director and Chief Economist of the Bank of England Spencer Dale spoke about necessity to increase the lending rates, despite the problems of the UK economy. The currency slipped against the US dollar. Dale said in an interview with the Financial Times: Iâm not at all confident that the recovery has taken hold and will definitely power away. However, Iâm even more worried about […]
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