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Day: August 27, 2012
August 272012
Swedish Krona Goes Higher with Retails Sales
The Swedish krona gained today as rising retail sales added to speculations that fundamentals in Sweden are good and the nation’s central bank has no reasons to cut its interest rates. Retail sales grew 2.4 percent in July on an annual basis, while the median forecast was 1.7 percent. Domestic consumer spending should support the Swedish economy, mitigating the negative influence of the global economic slowdown. The Riksbank has left its […]
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August 272012
Malaysian Ringgit Weakens as EU Shows No Progress in Solving Problems
The Malaysian ringgit weakened today as there were no signs of progress in solving the debt problem of European economies. The lack of a way out of the crisis worsens prospects for exports of emerging economies and reduces demand for their currencies. Philipp Roesler, the Vice Chancellor of Germany, said that Greece would not get the next round of bailout if it does not perform the required austerity measures. Jens Weidmann, the President of the the Bundesbank, continued to criticize […]
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August 272012
Canadian Dollar Gets a Boost from Isaac
Canadian dollar is heading a little bit higher today, gaining as concerns about the tropical storm known as Isaac heads for the Gulf of Mexico. Oil prices are seeing a bit of a boost, and that is helping the loonie on the Forex market. Oil prices are moving higher today, due to concerns that Isaac could impact oil operations in the Gulf of Mexico. In 2008, hurricanes disrupted oil operations in the Gulf, creating an issue with […]
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August 272012
UK Pound Continues to Struggle
UK pound continues to struggle as concerns about the economy weigh. Today, UK markets are closed for the Summer Bank Holiday, but that the currency market is still open. Sterling is having trouble as expectations for the economy, and the pound, remain somewhat low. The UK economy still is not getting a good boost. Economic numbers continue to indicate trouble. Austerity measures undertaken by the government have failed to actually reduce the deficit, […]
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August 272012
Forex Trading Languages
While the vast majority of Forex traders can read English, and obviously 99% of EarnForex.com Blog read English (otherwise, I do not understand what they could be doing here), the language knowledge of currency traders should be very diverse. Nowadays, English is almost a necessary requirement to succeed in foreign exchange as so many great learning resources and forums offer information only in this language. Nevertheless, knowing the primary […]
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