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February 13
2009

Gallant FX — U.S. MetaTrader Forex Broker with Free VPS Hosting

Gallant FX is U.S. Forex broker, which is registered with the National Futures Association and operates on-line since 2006. Although for the first two years they were just an introducing broker for the other companies, since 2008 Gallant FX offers their own Forex trading services. They offer MetaTrader 4 platform and provide a free Forex VPS service for their customers, allowing them to host […]

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February 13
2009

Pound Bounces Up on Stock Market Growth

The British pound showed the first daily gain today after three consecutive losses against the U.S. dollar as the country’s stock market showed an unexpected growth. The pound sterling also rose against the Japanese yen — for the first day this week after the FTSE 100 (the Britian’s stock market benchmark index) went up by more than 1.5 percent during the early trading session. […]

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February 12
2009

EUR/USD Declines for Third Day on Better than Expected Retail Sales

EUR/USD is currently showing a third daily decline and the second-largest daily drop since February 4 on the Forex market today as some macroeconomic reports in U.S. showed that the world’s largest economy isn’t that bad yet. EUR/USD is now trading near 1.2810. Initial jobless claims were down from 631k (revised from 626k) to 623k last week, while economic strategists predicted 610k claims. Retail sales […]

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February 12
2009

AUD Falls as Stimulus Plan is Rejected

The Australian dollar declined against the U.S. dollar, the Japanese yen and the euro today as the country’s senate refused to adopt the Prime Minister’s stimulus package worth of $27.4 billion. The Aussie has been growing recently after Kevin Rudd proposed fiscal and liquidity measures that would cost the budget A$42 billion but would gradually help the economy to recover. Traders were confident […]

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February 11
2009

Trade Balance Deficit Shrinks, Budget Deficit Grows, Dollar Strengthens

EUR/USD fell today despite the not-so-good fundamental reports from the U.S. that were released today. The trade balance deficit wasn’t as good as the traders have expected, while the Treasury budget deficit grew significantly. And only oil reserves growth was a really positive signal for the dollar bulls. EUR/USD is now trading near 1.2881. U.S. trade balance deficit was at $39.9 billion in December — down from $41.6 billion in November but below the quite […]

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February 11
2009

British Pound Drops Before Reports

The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today. The pound is currently falling for the second day against the dollar and the euro and for the third against the yen. Market participants expect that the Bank of England Inflation Report […]

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February 10
2009

Euro Falls on Europe’s Troubles Worsening

The euro fell against the U.S. dollar and other major currencies, except the pound, as the Russian banks are waiting from their government to negotiate the $400 billion of loans with their mostly European creditors. The Forex market reacted to such news as to a signal that the problems in the European region are only getting bigger these days and moved to the safer assets […]

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February 10
2009

NTWO Capital Markets — Yet Another Unregulated MetaTrader Broker

NTWO is a MetaTrader Forex and CFD broker with the offices in U.S. and United Arab Emirates (according to their website), but they are not registered with NFA or CFTC. Their site is active on-line since 2005. NTWO offers standard trading accounts from $2,000 and 1 lot minimum positions with the leverage varying from 1:25 to 1:200. The spread on EUR/USD is 3 pips. Apart from the common […]

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February 10
2009

Taurus Global Markets — Bahamian Forex and CFD Broker

Taurus Global Markets is the latest Forex broker addition to the list on my site. It’s a rather new MetaTrader broker that is present on-line since 2007. Like many other MetaTrader brokers it’s not regulated by any serious financial authorities and is registered in the offshore zone — Bahamas in this case. The lack of regulation can be seen as a serious disadvantages by some traders but others prefer such brokers because of some […]

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February 9
2009

Yen Rises on Risk Appetite Decline

The Japanese yen rose by the most in February against the U.S. dollar and posted the considerable gains versus the euro and the pound as the investors and traders became less confident in the U.S. stimulus plans and were reluctant to buying anything else than the yen or the greenback. The recent uprise of the yen-based currency pairs was connected to the global […]

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