Day: August 2, 2011

August 2
2011

Canadian Dollar Falls Along with Other Commodity Currencies

The Canadian continued continued to fall against the majors today, along with the other “commodity” currencies, as the global growth perspectives remained dim. The loonie, as the currency is often called, fell to the lowest level in two weeks against the US dollar, traded with a great volatility against the euro and demonstrated its 5th straight day of decline against the Japanese yen today. Along with the general market sentiment that the global economic growth […]

Read more
August 2
2011

Unregulated Swiss Broker with $10 Lots — TradeFort

TradeFort — the latest addition to the list of broker on EarnForex.com today. They claim to be based in Switzerland but they aren’t regulated by any financial authority there. Nevertheless, they offer very attractive trading conditions: minimum position size is just 0.0001 of a standard lot (that is $10), the leverage can be as high as 1:500 and the minimum to open an account is $1. Although the spreads aren’t the lowest of all the retail brokers, […]

Read more
August 2
2011

Euro Weakens as Investors Shun European Bonds

The euro fell against its major counterparts on Forex today, as the investors preferred not buy the government bonds of the semi-troubled EZ countries. The Eurozone single currency slid to a new record low against the Swiss franc and declined for a second day against the US dollar. The currency also fell to the lowest level against the Great Britain pound since May. As the institutional investors are afraid of going into the sovereign bonds of such countries as Spain […]

Read more