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Day: August 13, 2012
August 132012
Ruble Rises with Oil & Bonds, Gives Away Gains
The Russian ruble advanced today as Russian bonds rose after three sessions of decline and crude oil, the major source of nation’s export revenue, climbed on mounting concerns about the situation in Middle East. The currency retreated as of now. Futures on Brent crude oil rose as much as 1.3 percent to the highest level in three month. The prices were driven by speculations that Israel may attack Iran. The yield on the Russian government dollar bonds maturing […]
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August 132012
UK Pound Mixed: Higher Against US Dollar, Down Against Euro
UK pound is mixed against the other majors today, heading higher against the US dollar, even as the pound drops against the euro. Investors are awaiting UK data, which is expected to be weak. The Olympics are over, and now it’s time to focus on the fundamentals of the UK economy. Last week, Bank of England Governor Mervyn King indicated that interest rates wouldn’t be cut anytime soon, and that […]
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August 132012
US Dollar Pulls Back as Forex Traders Get a Taste for Yield
US dollar is pulling back today as Forex traders decide to go for a taste of yield. Over all, risk appetite hasn’t truly returned, but the US economy is just slow enough that many are re-evaluating their positions and paring back recent gains for the greenback. It’s going to be something of a slow week coming up. Today there is nothing really significant in terms of economic data. Tomorrow […]
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August 132012
Yen Loses Ground as Japan’s Economic Growth Slows
The Japanese yen slid today as the attractiveness of the currency was diminished by the report that showed decline of the nation’s economy. The yen was trading sideways against the dollar and the pound for the past several weeks. In fact, the currency has ended its major streak of gains in June. Against the euro, though, the yen continues to rise as today’s advance did not break the downward pattern. Japan’s gross domestic product rose 0.3 percent in the second quarter […]
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August 132012
Social Trading: A Whole New Dimension in Investing
The following post is a paid advertisement. The content was provided by the advertiser. Social Trading: A Whole New Dimension in Investing eToro has brought a whole new dimension to the world of online trading with the latest eToro OpenBook release. Join the social game in the foreign markets and indexes and commodities by seeing, copying and earning. Now, you have the power to achieve financial freedom with eToro on the world’s largest social trading network. The system was […]
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August 132012
What Is Average EUR/USD Spread You Get?
As far as I remember, back in 2005 getting 3 pips spread on the EUR/USD currency pair was pretty cool with the retail Forex brokers. Times have changed and the spreads considered “good” too. Clearly, many companies can now boast spreads below 1 pip. Unfortunately, these low spreads usually come at a cost of either some added commission or an increased minimum account/position size. As a result, not all traders can […]
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