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Day: September 1, 2011
September 12011
US Manufacturing Expands, Dollar Profits
The US dollar advanced today as the unexpected growth of US manufacturing spurred speculation the Federal Reserve won’t be required to stimulate the economy, debasing the US currency. The Institute for Supply Management Purchasing Managers’ Index was at 56.6 in August, little changed from July figure of 56.9. The index was expected to go down to 48.7. A figure below 50.0 indicates decline and above that value shows expansion. The positive data suggest that, […]
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September 12011
Australian Retails Sales Go Up, Aussie Follows
The Australian dollar advanced today versus the euro and the Japanese yen after the report showed retail sales grew in July more than predicted. Australian retail sales rose 0.5 percent in July, while growth by 0.3 percent was predicted. Retail sales fell 0.1 percent in June. The MSCI Asia Pacific Index gained 0.7 percent and the Standard & Poorâs 500 Index advanced 0.5 percent. EUR/AUD slipped from […]
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September 12011
Franc Rallies as SNB Doesn’t Intervene
The Swiss franc gained today for the second day, snapping yesterday its three-day downfall versus the US dollar and the euro, as the Swiss National Bank hasn’t announced new measures to curb franc’s strength. Previously, the Swiss currency was dragged down by the speculation the central bank would peg the franc to performance of the euro. Market participants expected the SNB would release some information about euro-peg or, perhaps, other steps for draining strength […]
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September 12011
Cheap US VPS Hosting for MT4 — Skydesks
Skydesks is the new VPS provider that specializes in Forex trading. You will get pre-installed MT4 for almost any Forex broker with this hosting service. Although their site makes many references to “clouds”, it has nothing to do with the recently popular cloud hosting concept. Nevertheless, it’s a good choice if you and your broker are based in the United States. With hosting plans starting […]
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September 12011
EUR/USD Slumps as US Manufacturing Grows
EUR/USD extended its slump for the third day as US manufacturing expanded last month, while it was expected to decline, and jobless claims decreased last week. As for negative news, construction spending didn’t rose as was predicted, but showed a noticeable drop. Initial jobless claims (seasonally adjusted) decreased to 409k last week from the previous week’s revised figure of 421k (was 417k before the revision), exactly as analysts predicted. […]
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