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Day: August 29, 2011
August 292011
Market Sentiment Improves, South Korean Won Gains
The South Korean won gained today as the comments of Federal Reserve Chairman Ben S. Bernanke last Friday increased risk appetite among Forex market participants, bolstering appeal of higher-yielding currencies. Bernanke made comments on August 26 about ability of the US to support growth of its economy in the long run. Markets reacted positively and traders began search for higher-yield. South Korean trade balance surplus widened to $4.94 billion in July […]
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August 292011
Is Forex Trading an Easy Way to Earn?
To a complete newbie who’ve heard little about the global currency market, Forex might seem an over-complicatedscientific-financial activity for some sorts of hacker-banker hybrid persons. When such a newbie reads some basic introduction to Forex and tries trading on the demo account, the previous belief usually transforms into a confidence in that the Forex market is quite simple and it’s possible to earn millions overnight there. Of course, after several weeks of experience with […]
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August 292011
EUR/USD Advanced as Home Sales Decline
EUR/USD jumped at today’s trading session as the optimistic speech by Federal Reserve Chairman Ben S. Bernanke improved market sentiment, but was declining afterwards. The currency pair jumped in the middle of the session, but currently falls again. Personal income and spending increased in July. Personal income grew 0.3%, exactly as analysts predicted, following the increase by 0.2% in June (revised from 0.1%). Personal spending increase by 0.8% after falling 0.1% […]
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August 292011
Rand Advances with Stocks & Metals
The South African rand rallied today, rising to the highest level in more than a week against the US dollar, as stocks and metals advanced after the speech of Federal Reserve Chairman Ben S. Bernanke last week. Bernanke said last Friday that the Fed has means to support growth of the US economy, improving market sentiment. The main South African stock index jumped 1.7 percent as prices on the London Metal Exchange increased […]
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