Day: April 2, 2013

April 2
2013

NZD Surges as Commodity Price Index Near Record

The New Zealand dollar jumped today after the commodity price index surged last month, increasing the attractiveness of nation’s assets. The currency touched the highest level since February 20 against its US counterpart. The ANZ Commodity Price Index climbed as much as 7.4 percent in March after rising 1.1 percent in the previous month. This was the third strongest monthly increase on the record. The index is only 6 percent below […]

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April 2
2013

Yen Pares Some of Its Earlier Gains Ahead of BOJ

Yen is paring some of its earlier gains against its major counterparts as Forex traders prepare for the first Bank of Japan meeting with Haruhiko Kuroda. A bit of risk appetite is also helping other currencies against the yen today. Earlier, yen saw some solid gains as Forex traders made safe haven bets. With eurozone unemployment reaching a record high, and with fears of a triple-dip recession in the United […]

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April 2
2013

Pound Suffers from Manufacturing Contraction

The Great Britain pound slumped today after the report showed that the manufacturing sector remained in contraction, albeit shrinking with slower pace. The Markit/CIPS UK Manufacturing PMI rose from 47.9 in February to 48.3 in March. Still, the reading below 50.0 indicates decline of the industry. Moreover, the actual figure was below the forecast of 48.9. The data reminded traders that Britain remains deep in troubles, driving investors away from the nation’s […]

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April 2
2013

AUD Jumps Even as RBA Suggests Easing in the Future

The Australian dollar jumped today after the Reserve Bank of Australia kept interest rates unchanged, even though the central bank hinted that more accommodative measures should be expected in the future. The RBA kept its main interest rate at 3 percent. Governor Glenn Stevens expressed mildly positive view on the economic developments. He said regarding the global economy: Global growth is forecast to be a little below average […]

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April 2
2013

Euro a Little Lower on Record Unemployment

Euro is a little lower today against the US dollar, thanks in part to record unemployment. However, the 17-nation currency isn’t down by as much as it could be, and it’s still holding its own against the UK pound. In a situation that makes it clear that the eurozone economy is still experiencing problems, the latest unemployment numbers from Eurostat show that unemployment is at a record high. The revised figure for January […]

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April 2
2013

Bulgarian VPS Hosting with Servers in UK, Germany and USA

A new Forex VPS has been listed on EarnForex.com today. QHoster is a company that is active in a business since 2004, which can be considered quite an old age for a hosting website. Yet they do not specialize in service for FX traders. Their Windows VPS plan is just one of many services they provide. This means no pre-installed trading platform and, of curse, no free […]

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April 2
2013

Dollar Falls, Rebound Still Possible

The US dollar fell against other major currencies yesterday and extended its losses today. There is still a change that this week’s employment data will allow the currency to recover. Non-farm payrolls will be released on April 5 and analysts expect them to show that the rate of growth stayed near 200,000 jobs. According to forecast, the unemployment rate will stay at 7.7 percent, nowhere near the Federal Reserve’s […]

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April 2
2013

CAD Mixed on Confusing Reports from USA

The Canadian dollar rose against its US counterpart, but fell versus the euro and the Japanese yen. Mixed economic reports from Canada’s major trading partner, the United States, led to confusion and lack of general direction for the currency. According to Institute for Supply Management, US manufacturing Purchasing Managers’ Index fell from 54.2 to 51.3 in March. It was expected to rise to 54.2. Meanwhile, construction spending rose 1.2 percent in February […]

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