ICM Capital adds support for Moneybookers. (also known as Skrill), to enable customers to fund and withdraw money in a relatively inexpensive way. The broker was recently awarded the Best Customer Service Provider 2012. For more on the introduction of Moneybookers, here are more details from the official press release: London, 11th November 2012 – ICM … “ICM Capital Adds Moneybookers as Payment Option”
Month: November 2012
AUD Posts Weekly Gains with Help from RBA & Employment
The surprising decision of the Reserve Bank of Australia to keep its interest rates high and positive employment data allowed the Australian dollar to gain this week. Not everything was favorable for the currency and it slipped against the Japanese yen. Most analysts have been sure that the RBA would cut borrowing costs and the decision to abstain from lowering rates was a real surprise. Very good employment figures added to the bullish momentum … “AUD Posts Weekly Gains with Help from RBA & Employment”
CAD Closes Below Parity with USD
The Canadian dollar dropped for the third consecutive session against its US peer, closing below parity. It also fell against the Japanese yen. Yet the loonie managed to advance versus the euro. Fundamental data from Europe was bad enough to put markets in the risk-off mode, but positive reports from the United States alleviated the negative sentiment. Crude oil, the main Canada’s export, dropped as much as 1.1 percent to $84.13 … “CAD Closes Below Parity with USD”
Euro Drops on Fears of Recession
The euro dropped today against the US dollar and the Japanese yen, extending its decline for the third straight trading day. The shared 17-nation currency managed to outperform the pound, almost erasing its weekly loss against the currency of the United Kingdom. Traders were selling the euro on fears that recession will continue to plague the eurozone and will spread across the region. The Bank of France predicted that the French economy will slip into recession … “Euro Drops on Fears of Recession”
Pound Drops Even as Trade Deficit Shrinks
The Great Britain pound dropped today, reaching the lowest level since September against the US dollar, even after data showed that Britain’s trade deficit shrank more than expected in September. The UK trade balance posted a deficit of £8.4 billion in September (seasonally adjusted), compared to the analysts’ estimate of £9.1 billion. The quarterly deficit was £8.5 billion in the third quarter of 2012, down from £10.1 billion in the previous quarter. … “Pound Drops Even as Trade Deficit Shrinks”
Thai Baht Gains on Optimism Spurred by Obama’s Reelection
The Thai baht gained today as the reelection of Barack Obama as US President made investors believe that quantitative easing will persist and inflows into emerging markets will continue. Thai Bond Market Association estimated that global funds bought $71 million more of Thai government notes than they sold. Inflows into Taiwanese and Philippine stocks were at $240 million this week. The Taiwan dollar has advanced … “Thai Baht Gains on Optimism Spurred by Obama’s Reelection”
US Dollar Rises as Fiscal Cliff Sends Fear through Forex Traders
Greenback is getting a boost today, rising as fear drives risk aversion and sends Forex traders looking for safe haven. With concerns about Greece weighing on the euro, and worries about the fiscal cliff weighing on every risk asset out there, it is little surprise that the US dollar is heading higher today. US dollar is on the rise as Forex traders look for safety and stability amidst the wreck that … “US Dollar Rises as Fiscal Cliff Sends Fear through Forex Traders”
Japanese Yen Regains the Upper Hand as Risk Aversion Reigns
Earlier, the Japanese yen weakened a bit on expectations that next week’s GDP data will indicate more contraction for Japan’s economy. That momentary weakness has pretty much evaporated, though, as risk aversion sends Forex traders looking for safe haven. Yen is gaining against its major counterparts today, heading higher as concerns about the “fiscal cliff” in the United States send fear throughout world markets. Forex … “Japanese Yen Regains the Upper Hand as Risk Aversion Reigns”
All you need to know about the fiscal cliff
Now that the US Presidential election is over and this month’s ECB meeting has ended, there is something new that the news media will be focusing on moving towards the end of the year. First we dealt with the “troika”, then there was the BRICS, then the PIIGS. Now we have a new buzz word. … “All you need to know about the fiscal cliff”
NZ Dollar Rebounds After Yesterday’s Losses
The New Zealand dollar was weak after poor employment data sapped strength of the currency. The kiwi kept its losses at the start of today’s session, but it does not look like the currency is going to fall further. In fact, it managed to rebound. The poor employment data was completely unexpected and really hurt the kiwi. Yet today traders saw good news as New Zealand house prices rose in October. … “NZ Dollar Rebounds After Yesterday’s Losses”