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Day: January 25, 2012
January 252012
Greenback Gains as Risk Aversion Rises
Greenback is gaining today on the Forex market as risk aversion rises. Uncertainty over what’s next for Greece, and how it will affect the eurozone, is pressuring the euro and helping the US dollar. Additionally, many Forex traders and investors are waiting for the latest policy announcement from the Federal Open Market Committee. One of the areas of speculation and interest today is what the FOMC will announce regarding interest rate policy, as well […]
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January 252012
Euro: Good News Out of Germany, But All Eyes are on Greece
German business sentiment beat expectations for a third month in a row, but the good news has been overwhelmed by disappointment over developments in Greece. The latest in the Greek debt saga has Forex traders worried about what’s next, and that is dragging the euro lower, in spite of other news that is favorable to risk appetite. Indeed, many think that, under normal circumstances, the euro should be improving. Apple earnings […]
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January 252012
Pound Drops as UK GDP Declines
The Great Britain pound fell against the US dollar and pared its gains versus the Japanese yen after the UK Office for National Statistics reported that the nation’s GDP shrank in the last quarter, adding to signs than Britain is entering recession. Britain’s gross domestic product contracted 0.2 percent in the fourth quarter of 2011, following the expansion by 0.6 percent in the preceding quarter. Other economic indicators were actually good, but […]
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January 252012
Thai Central Bank Cut Interest Rates, Baht Weaker
The Thai baht fell today after the nation’s central bank reduced its key interest rate in an attempt to spur economic growth that has slowed last year because of the biggest floods in almost 70 years. The Bank of Thailand reduced its main interest rate by 0.25 percent to 3.00 percent today. Last year’s floods resulted in closing of more than 16,000 factories, hurting economic growth. Thailand’s economy expanded […]
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January 252012
Hi-End Dubai-Based Forex VPS
BW Hosting is a Dubai (UAE) based IT company that, among other services, offers a high quality but very expensive VPS hosting specifically for Forex traders. They pre-install the MetaTrader platform (both MT4 and MT5 versions) and offer a great support in installing any additional components or the platforms of the particular brokers. I’ve been able to use their free trial offer and both connection and execution speed were excellent. […]
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January 252012
EUR/USD at Monthly High as FOMC Pledges Keep Low Rates till Late 2014
EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further boosted after the Federal Reserve extended the target for exceptionally low interest rates from mid-2013 to late 2014. Pending home sales declined 3.5% in December, compared to the median forecast of a 0.6% percent drop. That’s followed the November increase by 7.3%. (Event […]
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January 252012
AUD Rises Even as Inflation Stalls, Reaches Record vs. JPY
The Australian dollar strengthened today even after a report showed that nation’s consumer price inflation stalled in the fourth quarter of 2011. The currency reached a record high since November against the yen as Japan’s trade deficit widened. Australia’s consumer price index remained unchanged in the December quarter after rising 0.6 percent in the previous three months. Analysts expected a 0.2 percent growth. The trimmed mean CPI (core inflation that […]
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January 252012
Canada’s Dollar Weakens as Growth of Retail Sales Slows
The Canadian dollar fell against its US counterpart today after Canadian retail sales slowed, hinting that Canada’s economy has problems that may slow economic growth. The currency was higher versus the yen. Canada’s retail sales increased 0.3 percent in November, exactly as forecaster predicted. The growth was three times lower than the October advance by 0.9 percent. The slowdown of sales made economists speculate about […]
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