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Day: September 5, 2011
September 52011
Decline of UK Service Industries Hurts Pound
The Great Britain pound tumbled today as the Services Purchasing Managers’ Index slumped in August, confirming a bad state of Britain’s economy and reducing attractiveness of the UK currency as a haven from problems in continental Europe. The Services PMI dropped from 55.4 in July to 51.1 in August, only a little above the level of 50.0 that indicates no change. The report said: Respondents primarily blaming a weaker underlying trend in new business and general economic uncertainty. […]
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September 52011
Euro Sinks After Merkel’s Party Loses Election
The euro plunged today, falling for the fifth consecutive session against the US dollar and the Japanese yen, after Germany’s ruling party lost election. German Chancellor Angela Merkelâs Christian Democratic Union lost election in all six German states. The results of the elections ignited worries that now Germany will be even more opposed to paying bailouts with money of its taxpayers. The Stoxx Europe 600 Index of shares lost […]
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September 52011
Aussie Broker with MetaTrader and FX Power Trader — Harbour FX
Harbour FX is the latest addition to my Forex broker list. It’s a rather new Australian Forex broker that offers trading both via MetaTrader 4 and via FX Power Trader platform. Although it’s an ECN type broker, the cost of trading isn’t very low with it. While the spreads are, indeed, minimal, the commission is $4 per mini-lot (full-round). That can considerably affect the real effectiveness […]
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