The euro rose to its eight-week high level against the US dollar today as the German Business Climate data surpassed forecasts, showing confidence in the strength of the Eurozone’s leading economy. The euro also rose for the fourth consecutive day against the British pound and for the second one against the Japanese yen. German Ifo Institute released its Business Climate index data for January, showing a growth from 109.9 to 110.3, while the major economists forecasted … “Euro Rises for 4th Day on German Business Confidence Data”
Month: January 2011
Are the brokers treating clients in a fair way?
Forex brokers in the US have shown a rise of 2% in their clients’ profitability rate in the fourth quarter of 2010. Since the new regulations came into effect, brokers are obliged to report their number of clients and their profitability rate. Are the brokers treating clients in a fair way? Regulators launch an investigation … “Are the brokers treating clients in a fair way?”
Canadian Dollar Drops Against Dollar, Euro
The loonie fell against both the US dollar and the single European currency as the commodities dropped rapidly today. The CAD slid below the parity rate with its US counterpart for the first time since January 4. It also fell for the 3rd consecutive day against the euro. On the other hand, the currency managed to rise against the Japanese yen today. The Forex traders reacted to the falling crude oil prices, while the dovish expectations for the Canadian … “Canadian Dollar Drops Against Dollar, Euro”
New Zealand Dollar Calms Down After Inflation Data
The New Zealand dollar halted the 4-day rally against its Australian counterpart today as the inflation data suggested no new rate hikes soon. The kiwi (a nickname for NZD) also fell against the US dollar and the Japanese yen as the traders turned to safety assets following some weak stock trading sessions on the global markets. New Zealand consumer inflation data came out yesterday at 23:45 GMT, showing a 2.3 percent growth … “New Zealand Dollar Calms Down After Inflation Data”
FXPro Plans Even Stronger Growth in 2011
After trade volume grew by over 20% in 2010, FXPro has plans for global expansion in 2011. They’ve already opened up shop in a few other countries outside Cyprus, and to improve their offering. They also report a profit growth of 50% in 2010. FXPro makes $1000 off of every client, which is considered high … “FXPro Plans Even Stronger Growth in 2011”
FXPro Plans Even Stronger Growth in 2011
After trade volume grew by over 20% in 2010, FXPro has plans for global expansion in 2011. They’ve already opened up shop in a few other countries outside Cyprus, and to improve their offering. They also report a profit growth of 50% in 2010. FXPro makes $1000 off of every client, which is considered high … “FXPro Plans Even Stronger Growth in 2011”
Aud/Usd: Coming Weakness (Elliott Wave)
Aud/Usd reversed very nicely from the 1.0070 resistance region, exactly after the market tested 61.8% Fibonacci retracement area. Upward bounce from 0.9802 was clearly made in three wave formation, and current sharp 140 pips of decline suggests that top of a black wave 2/B is in. As such, traders should now focus on more bears … “Aud/Usd: Coming Weakness (Elliott Wave)”
MT4 iPhone Application Introduced by Leverate
Leverate, a provider of solutions for forex brokers, has launched an iPhone application for their Mobile Trader product. This product is distributed through Apple’s App Store. This application can be branded for the brokers’ needs and joins their array of products. I’ve previously reported about Leverate’s product for integrating binary options on Meta Trader 4. … “MT4 iPhone Application Introduced by Leverate”
US Dollar at November 2010 Levels on Recovery Concerns
The US dollar dropped against the euro for a second day in a row today and reached a new 2-month low against it as the dollar bulls were concerned with the pace of the economy recovery. The US currency is down against all other major currencies except Canadian dollar, following the report on US housing starts and building permits. The seasonally adjusted annual rate of the new home starts dropped from 553,000 to 529,000 in December — … “US Dollar at November 2010 Levels on Recovery Concerns”
Swiss Franc Continues Drop vs. Euro on Minister’s Commentary
The Swiss franc continued to fall against the euro today, as the country’s economy minister voiced a concern over the franc’s current strength. Johann Schneider-Ammann, Swiss minister of economy, said at the press briefing in Bern today that the country is in a very good shape compared with the Eurozone but that the overvalued currency still remains a concern as a potential threat. The Swiss franc fell against the euro and the Japanese yen today in a correction that follows … “Swiss Franc Continues Drop vs. Euro on Minister’s Commentary”