Day: September 6, 2011

September 6
2011

Pound Falls as Retail Sales Decline. More Stimulus Ahead?

The Great Britain pound fell today, dropping to the lowest level in almost two months against the US dollar, after the report showed that UK retail sales declined in August, spurring speculation that Britain’s central bank will be required to stimulate the nation’s economy. British Retail Consortium reported today that UK retail sales values were 0.6 percent lower on a like-for-like basis from August 2010. The previous […]

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September 6
2011

CAD Near Parity with USD

The Canadian dollar traded within a cent from parity with the US currency as decline of stocks and signs of global economic slowdown spurred speculation that the nation’s central bank will decrease its interest rates. The Bank of Canada will announce its decision about borrowing costs tomorrow. Investors’ viewpoints are split about evenly among those who believe that the bank will keep the key Overnight Rate unchanged […]

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September 6
2011

Europe Weakens Asian Currencies, Malaysian Ringgit Down

The Malaysian ringgit fell today, together with other Asian currencies, as concerns about Europe’s problems intensified after Germany’s ruling party lost vote, reducing prospects for Asian exports. The MSCI Asia-Pacific Index of shares dropped as much 1.4 percent, falling 5.1 percent in the last three sessions. The Bloomberg-JPMorgan Asia Dollar Index, tracking Asia’s 10 most-traded currencies excluding the yen, slid to 119.21, the lowest level in more than […]

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September 6
2011

Record Drop of Franc After SNB Pegs Currency to Euro

The franc plunged today, posting the biggest decline against the euro in all times, after the Swiss National Bank decided to set limit of franc’s appreciation versus the euro. Switzerland’s central bank decided to act as continuous appreciation of the Swiss currency “poses an acute threat to the Swiss economy and carries the risk of a deflationary development”. As a result, the SNB announced today: The Swiss National Bank (SNB) is therefore aiming for a substantial and sustained weakening of the Swiss franc. […]

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September 6
2011

Forex Trader’s Bills of Rights

The problem of choosing the Forex broker, determining what properties of a broker are important and deciding what’s rightful for a trader to demand from his broker is widely discussed online. There are 5 articles on this topic published on EarnForex.com: 8 Basic Tips on Choosing Best Forex Broker by Mostafa Soleimanzadeh Choosing the Right Forex Broker by David Thorpe Choosing a Forex Broker by Geoff Turnbull Choosing Your Forex Broker… Important […]

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