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Day: April 2, 2012
April 22012
UK Pound Paring Earlier Losses on US Data
UK pound is paring earlier losses against the US dollar right now, thanks to positive data in the United States, and a return to some level of risk appetite. Manufacturing improved more than expected, and US stocks are gaining right now, lending support to the sterling. While UK pound is still down on the day, better news in the United States is helping the sterling regain some of its strength. Earlier, a lot […]
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April 22012
Won Climbs as Moody’s Changes Outlook to Positive
The South Korean won climbed today as trade balance of South Korea posted a surplus and Moody’s Investors Service improved outlook for the nation’s economy to positive. Moody’s changed Korea’s government bond rating to positive from stable. The rating agency cited reasons for its decision: 1. The sovereign’s very strong and improving fiscal fundamentals 2. The resilience evident in the country’s external financing position 3. The reduction in the banking sector’s level of external vulnerability […]
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April 22012
Euro Drops on Speculation that Eurozone Economy is in Recession
Euro is lower today, dropping as speculation arises regarding the eurozone economy, and the possibility of recession. Manufacturing in the 17-nation currency zone has contracted for the eighth month in a row, and unemployment is at a level not seen for 14 years. Economists and analysts are speculating that the eurozone has slipped into a recession. While it will be a few weeks until all the data can be compiled to create a picture of the eurozone’s economic growth […]
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April 22012
Yuan Gains as China’s Manufacturing Expands
The Chinese yuan gained today as a government report showed that China’s manufacturing is expanding, reducing concerns about the slowdown in the Asian nation and leading to the speculation that the nation’s policy makers will allow the currency to appreciate. The government data showed that China’s manufacturing Purchasing Managers’ Index rose from 51.0 in February to 53.1 in March, while a drop to 50.9 was expected. A figure above 50.0 indicates an expansion. The HSBC report […]
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April 22012
Forex VPS with Web-Based Access — Nirvana
Nirvana is the latest MetaTrader VPS service company added to our site. It’s a specialized Forex hosting firm with the opportunity to place servers in United States, Netherlands and Singapore, which assures fast connectivity to brokers around the globe. But the most interesting feature of this VPS service that it can be accessed with any internet browser. This means that you can access and control your expert […]
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April 22012
EUR/USD Slips, Attempts to Rebound
EUR/USD declined today as investors remained worried even after European lawmakers agreed to increase the protection against the debt crisis. The currency pair movehigher after a report showed that US construction spending unexpectedly declined, but for now remains below the opening level. ISM manufacturing PMI rose from 52.4% in February to 53.4% in March, matching analysts’ forecast. (Event A on the chart.) Construction spending fell 1.1% in February on monthly basing, […]
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