Day: May 20, 2013

May 20
2013

Euro Firms Against US Dollar Ahead of EU Meeting

Euro is gaining ground today against the US dollar, firming ahead of the upcoming EU meeting. Even though there are expectations that Cyprus will need more support, and the situation with the eurozone is still a long way from resolved, the euro is finding support today. European policymakers are making it a point to contradict ideas of a breakup for the eurozone. With European Union policymakers insisting that the euro […]

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May 20
2013

UK Pound Gains as Home Prices Rise

Hopes for the UK economy are driving the UK pound higher, especially against the US dollar, today. Rising home prices are providing optimism that the UK economy is improving, and that is reflected in sterling gains today. The latest home prices news is in, and it appears that asking prices for homes in the United Kingdom rose by 2.1 per cent in May. This brings the total increase for the year so […]

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May 20
2013

Do You Know Your Broker’s Forex Execution Mode?

It would be nice if the retail Forex brokers could clear all our trades (including micro-lots and others) with other market participants. Unfortunately, everything is not that simple in the world of foreign exchange execution when it comes to the trading orders of common people. Of course, interbank market access is possible, but there are also market makers, dealing desks and plain bucket shops out […]

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May 20
2013

Taiwan Dollar Attractive for Investors

The Taiwan dollar gained today on signs that nation’s assets were attractive to overseas investors, leading to inflows of foreign funds, and as politicians were planning to review taxes on capital gains. Speculators have bought $996 million more Taiwanese shares than they sold by the end of last week, and this year’s net purchases totaled $4.8 billion. Deputy Finance Minister Tseng Ming-Chung said that the government will form a committee […]

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May 20
2013

Yen Rebounds on Concerns Weak Currency Can Hurt Economy

The Japanese yen gained today as politicians were worried that the excessive drop of the currency may be not that beneficial for the country and may actually hurt the economy. Japanese Economy Minister Akira Amari said that “excessive yen gains have been corrected a lot”. He voiced concern that further depreciation can make negative impact on Japanese consumers. The yen gained on the news, but the rally was limited and the currency […]

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