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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
May 82008
One Financial New CFD/Forex Broker
One Financial is quite a new Forex broker, that is actually specializing on CFD and other futures trading, but offers Forex trading services too. They offer Muslim-friendly accounts (with no interest or swap) and Arabic support so, its quite clear that they are aimed on the traders from Middle East. Their trading conditions are quite common 3 pips spreads on EUR/USD, $1000 minimum positions, wire and credit […]
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May 82008
Korean Won at Lowest since 2005
The South Korean won declined to its lowest level since November 2005, as the countrys central bank said that the weaker currency will be helping against the economic stagnation. The Bank of Korea decided to leave the interest rate unchanged at 5 percent points today as the inflation prevented using monetary policy easing to decrease the money cost and bust spending. This decision helped the […]
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May 72008
TradeView Forex — Another Broker from RCG
Today Ive added a new Forex broker to the list on the site TradeView Forex another broker that is operated by the financial company Rosenthal Collins Group, LLC (first broker from this company, which hit my list, was RCG fxtrader). TradeView Forex offers MetaTrader 4 platform without CFD trading, limited demo accounts (30-day limit) and rather tight spreads (from 2 pips). For me, it doesnt look like […]
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May 72008
EUR/USD Falls Today as Fundamentals Improve, Less Rate Cuts Expected
EUR/USD fell today significantly, recovering from its two-day fall that was observed this week. It went down by more than 0.8% today from 1.5532 to 1.5380. Good fundamental indicators from U.S. helped dollar to strengthen on Forex. Productivity in business sector grew up in first quarter of 2008 according to a preliminary report that was released today. Annual rate of the seasonally adjusted productivity growth was 1.9% in Q1 above […]
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May 72008
Dollar Rose on Hoenig’s Hawkish Comments
The U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President Thomas Hoenig. Hoenig said that if the inflation pressures strengthen in U.S., Federal Reserve will probably increase the interest rates. According to him, the U.S. economy will recover from the current crisis later […]
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May 62008
AUD Stops Growth after RBA Statement
The Australian dollar stopped growing on the Forex market today after the Reserve Bank of Australia mentioned economical growth moderation in its monetary policy statement. The RBA kept its 12-year high interest rates unchanged at 7.25 percent points today during the scheduled monetary policy meeting ruled by Glenn Stevens. The Aussie has reached its 24-year record high level against the U.S. […]
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May 52008
Carnival of Forex Trading — May 5, 2008
Welcome to the May 5, 2008 edition of Carnival of Forex Trading. Amy S Quinn presents Top 25 Most Influential People in Forex posted at Currency Trading.net. Heather Johnson presents 5 Unusual Things That Adversely Affect the U.S. Dollar posted at Forex Blog | FX-BAR daily forex trading blog. Jed Norwood presents Successful Forex Currency Trader posted at Forex Strategy, […]
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May 52008
Bank of America Confident on INR Growth
The Indian rupee is going to grow in the coming months as the central bank will probably rise the interest rate and will allow currencys appreciation according to Bank of America strategist. This is not very popular scenario among the currency market analysts, but Bank of America and some other investment institutions think that the rupee will rise more than 9% by the years end and the […]
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May 52008
Euro Rose on Support of ECB Rates
The euro rose today during the early Forex trading session, as the European politicians changed their mind on the ECB interest rate policy and traders became more confident that Jean-Claude Trichet wont reduce the rates this week. The ECB used its every recent statement to convince the market participants that the inflation is a banks primary concern and that it wont go for lower rates […]
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May 42008
Japan, South Korea and China to Create Foreign Reserve Pool
According to the Finance Minister of Japan, Fukushiro Nukaga, Japan, South Korea and China are in the process of creating the mutual pool of $80 billion foreign currency reserves in order to protect the Asian financial markets in case of a speculative attacks. Other Asian countries will also participate in this fund, but the major part (around 80%) will be contributed by Japan, South Korea and China. While the […]
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