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Day: October 6, 2011
October 62011
Dollar Index Falls as Risk Appetite Makes an Appearance
The US dollar index is lower as the US session comes to a close. Risk appetite has put in an appearance today, and forex traders are looking for better yields and moving away from safe havens. US stocks are set to close higher for the third day, and hope is once again forming that European leaders are really serious about containing the sovereign debt crisis in the eurozone. Efforts to recapitalize European banks […]
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October 62011
ECB Holds Rates, Expands Asset Purchases, Euro Reacts Positively
The euro rose today, rebounding from the earlier decline after the European Central Bank kept the key interest rates unchanged, but expanded its bond purchasing program. The ECB left its target Minimum Bid Rate at 1.50 percent as was expected by most analysts (though some anticipated a cut of the rates). The bank announced its version of quantitative easing: The Governing Council of the European Central Bank (ECB) has today decided […]
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October 62011
BoE Expands Bond Purchase Program, Pound Tumbles
The Great Britain pound slumped today as the Bank of England held the main interest rates unchanged and expanded its bond purchase program today, signaling about weakness of the UK economy and debasing the nation’s currency. The Bank of Englandâs Monetary Policy Committee decided today to keep the official Bank Rate at 0.5 percent. The central bank also increased the size of its asset purchase program by £75 billion to a total of £275 billion. The bank spoke […]
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October 62011
Canadian Dollar Retreats in Forex Trading
The Canadian dollar is retreating in forex trading, falling against major counterparts including the US dollar. Loonie is also struggling against other commodity currencies, dropping as it is used to fund purchases of the New Zealand dollar and Australian dollar. Right now, there are concerns that a slowing US economy will reduce the demand for Canadian exports. Canada relies heavily on the US economy to help support its own. […]
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October 62011
USA-Hosted VPS for MetaTrader — IwisHost
IwisHost is the latest VPS service in the list on EarnForex.com. It’s a USA-based VPS hosting service with Forex-specific additions, like pre-installed MetaTrader 4 and remote desktop control. It offers 4 VPS plans: $15/$25/$35/$45 per month. For more money traders get faster CPU, more RAM and more disk space. Since bandwidth is limited, more expensive plans offer more monthly bandwidth. There’s no set-up […]
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October 62011
Franc Retreats as SNB Expands Currency Reserves
The Swiss franc fell today as Switzerland’s central bank reported its foreign currency reserves grew in September. Traders fear the bank may take additional measures to weaken the franc. The Swiss National Bank reported its foreign currency reserves expanded to 282.352 billion francs ($306 billion) in September from 253.351 billion in August. Forex analysts speculate that the SNB may lower the ceiling for the euro-franc exchanged rate. The central bank […]
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October 62011
Stocks Rally, AUD & NZD Happy
The Australian and New Zealand dollar extended their rally today, rising against the US dollar for the third day, as stocks advanced amid renewed risk appetite of investors. The Standard & Poorâs 500 Index advanced 1.8 percent yesterday, The MSCI Asia Pacific Index of stocks jumped as much as 2.8 percent. The Thomson Reuters/ Jefferies CRB Index of commodities rose 1.9 percent. Traders remained cautious ahead of the monetary policy meeting […]
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October 62011
Euro Holds Breath for ECB
Forex traders are waiting for the ECB announcement expected during the European session on Thursday. EUR/USD is slightly lower ahead of the decision, which some expect to result in a cut of 25 basis points. Euro has been steadied a bit by the announcement that Germany would help stabilize its own banks if needed; leaders also said that they would be open to the idea of a bailout fund on the regional level if […]
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