Day: July 18, 2011

July 18
2011

Bad Monday for Euro

This week started with talks about the debt issues in Europe and, consequently, the euro dropped, posting the biggest intraday decline against the US dollar in almost a week. Worries about European peripheral economies intensified as now Italy and Spain were brought to the fore. Italian 10-year bond yields jumped 27 basis points to 6.027 percent today and Spanish 10-year yields climbed as much as 30 basis points to 6.368 percent. […]

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July 18
2011

Aussies Goes Down as Europe Hurts Risk Appetite

The Australian dollar weakened today as concerns about the European debt crisis curbed attractiveness of riskier assets and drove investors to seek safety. Higher-yielding currencies suffered today as traders wait for the summit of the European Union leaders on July 21, but don’t put much hope on it. The MSCI Asia Pacific Index of shares fell 0.5 percent, dropping for the third day. The economic situation in Australia itself isn’t great either, causing economists […]

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July 18
2011

Is Forex Broker Country Important?

Forex broker regulation is quite important to many traders, but many of them also pay a lot of attention to the country of origin of a given company. From my experience in communication with other traders, Switzerland, USA and Australia look to be quite popular host countries for traders that seek good online brokerage. Personally I can’t agree with the statement that brokers from the United States is a good choice for traders — after […]

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July 18
2011

New Record of Franc Against Euro

The Swiss franc reached a new record versus the euro today on concerns that the European leaders won’t be able to reach an agreement regarding necessary measures to battle the sovereign-debt crisis. The leaders of the European Union will meet in Brussels on July 21 to discuss the financial situation in the region. The European Central Bank strongly opposes any restructuring of the Greek debt and agreed to lend to the nation, disregarding the rating agencies that reduced Greece’s credit rating […]

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July 18
2011

UK House Prices Fall for First Time in 2011, Sterling Weaker

The Great Britain pound dropped against the Japanese yen and fluctuated against the US dollar as the report showed today that UK house prices declined for the first time this year. The Rightmove House Price Index fell 1.6 percent in July, following the 0.6 percent increase in June. The number of new sellers dropped 12 percent. According to the Bloomberg Correlation-Weighted Currency Indexes, the pound declined 6.8 percent from a year ago versus […]

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