Following the resignation of Sharira Amin, also Nile TV presentor Soha al-Naqqash quit the state run Nile TV. She refused to continue doing “unprofessional” work and broadcasting propaganda about the protests in Egypt. More and more workers of the government lose their fear from the regime. Is Mubarak on his way out? Demonstrations are getting … “Soha al-Naqqash Also Quits Egyptian Nile TV”
Month: February 2011
British Trade Deficit Widens Significantly
The trade balance in Britain has significantly risen in January – 9.2 billion pounds. This is higher than last month’s 8.7 billion and early expectations that stood on 8.6 billion. The impact on the British pound seems very limited at the moment – GBP/USD is almost unchanged at around 1.6080. Previous releases had a stronger … “British Trade Deficit Widens Significantly”
Global Economy Recovers, Swiss Currency Declines
Optimism for the growth of the global economy continues to reduce the demand for the safer assets, driving the Swiss franc down, even though the Swiss economy supports appeal of the currency. Peter Rosenstreich, the chief market analyst at ACM Advanced Currency Markets, explained: The Swiss franc is in an awkward position with risk easing. The risk premium thatâs built into the Swiss franc is going to be unwound unless we encounter a rash of risk aversion. … “Global Economy Recovers, Swiss Currency Declines”
Higher Interest Rates in China Can’t Support US Dollar
The US dollar weakened today as investors’ demand for the riskier assets persists even after China has increased its interest rates. It looks like attempts of China’s government to cool the nation’s economy aren’t enough to diminish optimism for the global growth. The report for the fourth quarter of the previous year is expected to show that the inflation in China increased by 4.6 percent, the fastest growth in 30 months. The rapidly accelerating inflation prompted the Peopleâs … “Higher Interest Rates in China Can’t Support US Dollar”
Ahmad Shafiq Office Under Siege in Cairo
The office of the Egyptian prime minister Ahmad Shafiq is under siege by protesters, demanding a regime change in Egypt. Shaifq holds this position only for a around 10 days, after president Hosni Mubarak sacked the previous government. While the international media is already tired of reporting the demonstrations in Cairo’s Tahrir square, today saw … “Ahmad Shafiq Office Under Siege in Cairo”
Forex Charts – Another Factor in Choosing a Forex Broker
James Woodley provides another important reason for choosing a forex broker – the charts that the broker provides. For seasoned, and also less seasoned traders, forex charts are very important, alongside other factors such as reliability, spreads, customer service and lots more. James has specific indicators that he uses. This helps him filter specific brokers. … “Forex Charts – Another Factor in Choosing a Forex Broker”
Indonesian Rupiah Rises on Strong GDP Growth
The Indonesian rupiah advanced today to the strongest level in almost three months as Indonesia’s economy expanded with the fastest pace in six years. Indonesia’s gross domestic product posted the annual growth of 6.9 percent in the fourth quarter of 2010, the biggest gain since the quarter ended December 2004. The inflation had grown in January, prompting the Bank Indonesia to raise its reference rate to 6.75 percent from the record low of 6.50 percent on February … “Indonesian Rupiah Rises on Strong GDP Growth”
Swedish Krona Reaches 10-Year High vs. Euro
The Swedish krona rose for the second day versus the US dollar and reached the highest level in 10 years against the euro on the speculation that the strong global economic growth will increase demand for Sweden’s assets. The macroeconomic data from various countries continues to show evidences of the global growth. Today’s reports about the German industrial output expected to show a recovery, while yesterday’s report about the US consumer borrowing showed the growth, which … “Swedish Krona Reaches 10-Year High vs. Euro”
Can Decline of Crude Oil Prices Weaken Loonie for Long Time?
The Canadian dollar declined as the prices for the crude oil slipped after the concerns about the impact of the tension in Egypt on the supplies receded, but the fundamentals look very supportive for the Canadian currency. The tensions in Egypt slowly recede and the rumors say that the current president may step down as the protesters demanded. With lower risk for supplies the crude oil now looks a bit expensive for the traders. As a result, the futures on the crude oil dropped as much as 2 percent … “Can Decline of Crude Oil Prices Weaken Loonie for Long Time?”
Mubarak to Quit in Baden Baden, Germany?
Der Spiegel’s website reports that Germany, the US and Egypt are arranging for Egyptian president Hosni Mubarak to fly to Germany for a fictional medical treatment, and from there he’ll announce his retirement from the presidency. According to the highly regarded German paper, and other sources, Mubarak already left Cairo and is staying in the … “Mubarak to Quit in Baden Baden, Germany?”