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Day: June 20, 2011
June 202011
South African Rand Falls on Greek Crisis, Trims Losses
The South African rand dropped today as the disagreement of the European Union leaders about the bailout for Greece reduced appeal of riskier currencies, but erased most of its losses after the European politician assured that they will help Greece. Jean-Claude Juncker, the Prime Minister of Luxembourg, said that the sovereign-debt crisis won’t spread to Italy. According to Juncker, George Papandreou, Prime Minister of Greece, claimed that he’ll do any measures […]
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June 202011
Greece’s Bailout Delayed, Swiss Franc Jumps
The Swiss franc advanced today as the European Union leaders considered withholding half of the â¬12 billion portion of the Greek aid, increasing demand for safety of the Swiss currency. This measure was intended to encourage Greece to perform necessary reforms. Half if the rescue package should be enough to support the country in the short term, but pressure to continue spending cuts will remain. Elena Salgado, the Minister of Economy and Finance of Spain, thought that […]
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June 202011
Best Forex Trading Sessions to Trade
I have already discovered that Forex traders have a rather strong preference for the weekdays they trade. On the other hand, only one third of this blog readers is looking to trade during some specific Forex trading session (others do not care). Today, I would like to know, which trading session is the most popular among traders, or perhaps not just one session but two or three? Forex […]
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