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Day: May 18, 2012
May 182012
Euro Drops to 4-Month Low, Closes Above Opening Level
The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though. German Finance Minister Wolfgang Schaeuble said that the crisis may persist for another two years. Fitch Ratings downgraded Greece’s sovereign credit rating from B- to CCC. Moody’s Investors Service lowered ratings […]
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May 182012
Risk Appetite, Better Situation Help UK Pound
UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency. Right now, pound is gaining against the US dollar as some disappointing news (including the unemployment claims […]
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May 182012
US Dollar Lower as Risk Appetite Makes an Appearance
US dollar is lower today as risk appetite makes an appearance in the markets. As commodity prices rise, and equities see a bit of a reprieve from recent troubles, the greenback is pulling back. Concerns about Europe remain, but they are being trumped by other news — especially the imminent Facebook IPO. In less than hour, the Facebook IPO will be launched, and that is the focus today. Equities are expected […]
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May 182012
Forex VPS from Lithuania — vpsforextrader.com
Today, I’ve listed vpsforextrader.com among the Forex VPS providers on EarnForex.com. It’s a year-old company based in Lithuania and providing its services worldwide. The servers are also hosted in Germany, making it a good hosting solution for trading with European brokers. Currently, they offer three hosting plans: $24.99/month, $49.99/month and $69.99/month. The difference between them is only in the hardware of the servers used. Other features of vpsforextrader.com include: You can […]
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