Day: February 25, 2013

February 25
2013

Falling Chinese PMI Leads to Drop of Aussie

The Australian dollar dropped today as the manufacturing data from China, Australia’s major trading partner, disappointed market participants, showing unexpected slowdown of sector’s growth. The HSBC Flash China Manufacturing Purchasing Manager’s Index unexpectedly fell from 52.3 in January to 50.4 in February. Analysts have predicted it to stay little changed. Most traders thought that China’s economic growth had bottomed out and now stabilized, making the unexpected […]

Read more
February 25
2013

Rand Rebounds on Speculations Losses Were Overdone

The South African rand rose today, erasing previous decline and touching the highest level in more than a week, on speculations that the recent losses of the currency, which was the worst performer among the currencies of emerging economies, were excessive. Three credit-rating downgrades and persistent labor unrest drove away investors from South Africa and reduced the appeal of the nation’s assets. This resulted in the 3.7 percent loss for the rand this year. Yet specialists […]

Read more
February 25
2013

UK Pound Drops vs. Euro on Credit Downgrade

UK pound saw a bit of a drop today in response to the recent downgrade for Britain’s credit rating. however, the loss of its triple-A rating hasn’t weighed too heavily on the pound, even though it has had an effect. On Friday, Moody’s downgraded Britain’s credit rating from Aaa to Aa1. The downgrade came after the United Kingdom had outlasted the United States and France, both of which have already lost their triple-A ratings. […]

Read more
February 25
2013

Euro Gains Ground on Optimism

Euro is higher today, thanks in large part to optimism about the eurozone and risk appetite in general. Some of the euro’s gains are being limited, but the overall mood is one of hope that the eurozone can move forward. Earlier, an Italian bond auction produced good results, supporting the euro. The strong demand for Italian debt is one of the indications that the eurozone might be on the way to recovery. Even though there […]

Read more
February 25
2013

MetaTrader 5 in Your Live Forex Account?

More than 40 months have passed since MetaQuotes Software Corp. launched public beta testing of its controversial MetaTrader 5 platform. Since then, the trading platform has grown many features, including advanced Strategy Tester, MQL Wizard for expert advisors, Signals service, built-in Market, Standard Libraries for developers, etc. Three Automated Trading Championships have been held. MetaTader 5 has been certified […]

Read more