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Day: July 22, 2011
July 222011
Euro Drops as Optimism Caused by EU Summit Wanes
The euro declined today on concerns that measures planned by the European leaders on the summit yesterday wouldn’t be enough to contain the sovereign-debt crisis. The European lawmakers agreed to provide additional aid for Greece, expand the Eurozone bailout fund and allow to use it for purchasing bonds of indebted nations. Forex traders are worried, though, that such measures won’t be enough to deal with the crisis in the long run. The EU leaders said in the statement: […]
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July 222011
Canadian Inflation Slows, Loonie Retreats
The Canadian dollar dropped today after the report showed that inflation in Canada slowed more than expected in June, reducing incentive for the nation’s central bank to boost borrowing costs. The Consumer Price Index declined 0.7 percent, not seasonally adjusted, in June from May, following the advance by 0.7 percent in the month before. The expected reading was a decline by 0.2 percent. The drop was attributed to lower prices for the purchase of passenger vehicles […]
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July 222011
New Australian MetaTrader Forex Broker — Synergy FX
Please meet the latest Forex broker listed on EarnForex.com â Synergy FX. It’s based in Australia and is regulated by the ASIC authority. The Australian Forex brokers seem to be quite popular lately as their regulation is quite protective, yet not restrictive. Synergy FX offers MetaTrader platform, low spreads (as low as 1 pip on EUR/USD), flexible leverage between 1:1 and 1:500 and micro-Forex trading. Other highlights of this trading […]
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July 222011
EU Summit Eases Need for Safety, Yen Drops
The Japanese yen fell today as the summit of the European leaders spurred hopes that the EU will be able to contain the debt crisis, reducing demand for Japan’s currency as a safe haven. The leaders of the European Union have met yesterday at summit in Brussels. They decided to give â¬159 billion of additional aid for Greece. The lawmakers also allowed to use the rescue fund to buy debt of the peripheral economies and eased the terms of loans to the indebted nations. The Stoxx […]
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July 222011
Export & Import Prices Push Aussie Higher
The Australian dollar gained today versus the euro and the Japanese yen as the advance of import and export prices prompted the speculation that the central bank will raise interest rates. Australian import prices rose 0.8 percent in the second quarter, while export prices increased by 6.0 percent. The MSCI Asia Pacific Index of regional shares climbed 1.1 percent. The positive economic data caused most market participants to bet that the next move […]
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July 222011
CAD Reaches Three-Year High vs. USD
The Canadian dollar reached yesterday the highest level in three years against the US currency, before retreating today, on the speculation that growing inflation in Canada and improving global economy will prompt the central bank to resume interest rates increases. Today’s report from Statistics Canada is expected to show an annual inflation growth by 3.6 percent in June, following the 3.7 percent increase in May. Analysts believe that rising inflation will […]
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