After losing ground to the euro earlier, the US dollar is back on top against its European counterparts. After re-thinking the Cyprus bailout, many Forex traders are less than enthusiastic. Greenback is in demand as safe haven is sought. Forex traders and investors are trying to wrap their heads around what is likely to happen next on a number of levels. Earlier, the US dollar was lower against its … “Greenback Advances against European Currencies”
Month: March 2013
Aid for Cyprus Leads to Stronger Polish Zloty
The Polish zloty gained today on the optimism about the bailout deal for Cyprus. Gains were contained by concerns that the rescue package will not be enough to resolve all the problems. Cyprus has reached a deal with the European Union regarding financial aid. The news improved prospects for European economy and Poland’s economy as a result, because more than a half of the Eastern European country’s exports go to the eurozone. Experts are still unsure … “Aid for Cyprus Leads to Stronger Polish Zloty”
Ryan vs Murray Budget – Part 2
As a follow up to my previous article concerning the above mentioned issue, the following has occurred: late Thursday evening, March 21st the Ryan budget came up for a vote in the US Senate. It was resoundly defeated by a vote of 59-40. The GOP countered with a resolution by Republican Senator Jeff Sessions of … “Ryan vs Murray Budget – Part 2”
MarketsPulse Announces Option on Demand – Enabling traders to
MarketsPulse, a provider of binary options solution launches a new feature that enables traders to set parameters, payout and expiration time. The company recently launched a CRM System offering a full view for binary options brokers. For more about “Option on Demand”, see the press release below: London- MarketsPulse, the leading enterprise-class binary options platform provider, new … “MarketsPulse Announces Option on Demand – Enabling traders to”
E-Global TFG Launches Liga Forex Social Trading in China
The Chinese forex market is about to receive a new social trading network named Liga Forex. The platform will be available for desktops, iPhone, iPad and Android devices. One of the features is an option to copy trades. For more information, here is the official press release: KUALA LUMPUR–March 28, 2013–E-Global Trade & Finance Group … “E-Global TFG Launches Liga Forex Social Trading in China”
Protrader for Mobile – main features
Protrader presents its mobile application. The press release below shows the main features. Mobile devices are always an integral part of practically every person’s daily routine. Now they are used not only to make and receive calls but also to serve as advisors and data providers. Traders are no exception to this phenomenon since they … “Protrader for Mobile – main features”
Euro Advances on Bailout for Cyprus, Drop Is Still Possible
The performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it will not be able to retain the gains. Cyprus will receive a bailout worth â¬100 billion. The terms of the deal include losses on deposits over â¬100,000, but does not mention a bank levy, which many investors have … “Euro Advances on Bailout for Cyprus, Drop Is Still Possible”
EURUSD Could Fall Much Lower In 2013 (Elliott Wave
The sharp and extended fall through the 2012 support line with a monthly price close beneath it suggests that EUR/USD will extend much deeper in 2013 . In fact, on the line chart we can see that the decline is very clean and directional. The move can be counted impulsively, which is bearish sign for … “EURUSD Could Fall Much Lower In 2013 (Elliott Wave”
How will the 11th hour Cyprus Bailout affect the Forex
This is a commentary from Richard Wiltshire, Chief Dealer of Foreign Exchange at ETX Capital. As if to maximise dramatic effect, and as we sort of expected they would, Cyprus stumbles to an 11th hour, 10-bio Euro bailout deal with the Eurozone and Troika finance ministers. The key features of which dictate that the country’s … “How will the 11th hour Cyprus Bailout affect the Forex”
Pound Can’t Get the Upper Hand Against the Euro
The UK pound can’t seem to gain the upper hand against the euro today, even though the eurozone remains in turmoil. Even with the difficulties being caused by Cyprus, euro still has the advantage over the pound. Earlier this week, the minutes from the latest Bank of England policy meeting were released. They showed that Mervyn King’s suggestion that more stimulus be added to the economy was voted down. Additionally, … “Pound Can’t Get the Upper Hand Against the Euro”