Day: March 12, 2012

March 12
2012

CAD Drops vs. Safe Currencies as Traders Shun Risk

The Canadian dollar fell against safer currencies today, but advanced against riskier ones, after negative news from China and uncertainty of the eurozone’s future made Forex speculators to shun risk. China reported that its trade deficit widened more than expected, reaching the highest level in two decades. As can be expected, markets didn’t like the news. Commodities slid, dragging down commodity currencies. Crude oil […]

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March 12
2012

US Dollar Mixed, But Mostly Higher

US dollar is mostly higher today, gaining on mixed news from around the world. While greenback is higher against the UK pound and the Australian dollar today, though, it is down against the euro and the Japanese yen. However, the dollar index remains higher, and is above 80, so there is some relative strength to be seen by the US dollar. Mixed data from around the world is creating […]

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March 12
2012

Euro Higher on Greece, But Could Sink on Spain

Euro is higher today, gaining as questions about Greece are resolved. Eurozone finance ministers are expected to approve a bailout package for Greece, and that is helpin the 17-nation currency. However, euro could be headed for more trouble in the future, since Spain is the next point of focus for eurozone leaders. Spain has been showing signs of trouble for almost as long as Greece, but the trouble has been less severe. […]

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March 12
2012

Trade Execution Speed — Poll

On trading forums and in Forex broker reviews, I often see mentions of the poor (slow) trade execution, slippages, requotes and delays. While I can understand the importance of all of that to the extreme scalpers, it’s difficult for me to see a real problem in low execution speed for anyone else involved in retail Forex trading. Yet, that’s probably one of the most frequent problems reported by traders in reviews. Is it that I just don’t understand something […]

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