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Day: December 3, 2012
December 32012
Angela Merkel’s Comments Help Euro
Euro is heading higher today, getting a little help from general risk appetite, as well as from the latest comments made by German Chancellor Angela Merkel about possibilities for Greece going forward. Euro is getting a boost today, gaining as risk appetite shows up on the Forex market. There is a bit of optimism in the markets, with expectations that eventually US politicians will compromise to avoid the looming fiscal cliff, […]
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December 32012
Japanese Yen Short Positions Surge
Japanese yen is heading mostly lower today as short positions surge. Right now, expectations are that the yen will tumble in value, and Forex traders are shorting the currency as a result. For now the yen is moving much lower against the euro and the pound. The yen is actually higher against the US dollar right now, but other than that, the currency is struggling. A number of Forex traders think that […]
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December 32012
Brazilian Real Rebounds After Losses on Weak GDP Growth
The Brazilian real managed to rebound after it fell earlier today as economic growth turned out to be slower last quarter than analysts had predicted, fueling speculations that policy makers may allow the currency to depreciate. Brazil’s gross domestic product grew 0.9 percent in the third quarter of this year, compared to market expectations of 1.9 percent growth. The worse-than-expected data spurred talks that the central bank will […]
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December 32012
Mexican Peso Gains as Interest Rates Remain on Hold
The Mexican peso was firm today after Mexico’s central bank left its main interest rate unchanged last Friday and suggested that an interest rate hike may be possible in the future. The Bank of Mexico left its target for the overnight interbank funding rate at 4.50 percent on November 30. The central bank hinted that it is able to raise the rate if that will be necessary. Declining economic […]
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December 32012
Do You Earn on Forex Swaps?
Normally, when you enter a Forex position and leave it open through the end of the US trading session, you have to pay an overnight rollover fee (which is also called swap). Sometimes, depending on the difference of the interest rates between the currencies in a pair, this fee is paid to you. Some traders even use such positive difference to earn a consistent carry trade income. Forex brokers skew the swap amount […]
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December 32012
Third Day of EUR/USD Rally on Greek Debt Buyback & US Data
EUR/USD rallied for the third straight session today as Greece offered to buy back government bonds. The US manufacturing index fell to the lowest since June 2009, intensifying worries about the fiscal cliff. Such concerns weakened the US currency. ISM manufacturing PMI was at 49.5% in November, indicating first month of contraction after two months of expansion. Analysts have expected the index to be little changed at 51.5 from the October’s 51.7. […]
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December 32012
Search EarnForex.com
I have just finished implementing the website search on EarnForex.com. You are now able to quickly find anything contained within the English part of the website using a handy small search form: It is a great tool if you seek information about some specific topic. For example, you can find everything related to MACD, or RSI, or find all pages that mention EUR/NOK currency pair, etc. For now, the search […]
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