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”
Author: admin_mm
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?”
Norwegian Krone Declines on Manufacturing & Crude Oil Prices
The Norwegian krone weakened today, posting the fourth day of losses versus the US dollar, after the report showed that the manufacturing expanded less than was predicted and as the crude oil prices declined. The Norwegian manufacturing output expanded 2.2 percent in December from the previous year, frustrating the analysts who predicted the 4.2 percent gain. The futures on the crude oil declined 0.6 percent as the concerns about the impact of the unrest in Egypt on the oil supply … “Norwegian Krone Declines on Manufacturing & Crude Oil Prices”
Banks of Ireland Have Danish Haircut Precedent
The Bank of Ireland (nyse:ise), Allied Irish Bank (nyse:aib) and other Irish banks can look up (or down) to an example from a country considered to have a more solid economy: Denmark. Senior bondholders of Danish bank Amagerbanken are undergoing a haircut. Here’s a quote from Alphaville’s Tracy Alloway, that quotes CreditSights: This means that holders of … “Banks of Ireland Have Danish Haircut Precedent”
First Binary Options Exit – TraderXP sold by SpotOption
Binary options company TraderXP was sold to a private buyer. The size of the deal hasn’t been disclosed. The seller, SpotOption, announced that it prefers to focus on it’s binary options platform rather than on its brokerage. SpotOption’s core business is the software it provides to binary options brokers. It will now focus on the … “First Binary Options Exit – TraderXP sold by SpotOption”
Aussie Retreats as Retail Sales Drops in Q4 2010
The Australian dollar weakened a bit today as the report showed that the retail sales in Australia declined in the last quarter of the previous year. The Australian retail sales declined 0.3 percent in the fourth quarter of 2010 on the seasonally adjusted basis, according to the estimates of the Australian Bureau of Statistics. On month-to-month basis the retail sales increased 0.2 percent in December (seasonally adjusted), less than 0.5 percent forecast by the analysts. AUD/USD traded at 1.0121 as of 11:44 GMT, slightly … “Aussie Retreats as Retail Sales Drops in Q4 2010”
Korean Won Gains with Decrease of US Jobless Rate
The unexpected decline of the US unemployment rate last week bolstered the South Korean won by improving the outlook for the exports of the Asian nation. The Bank of Korea reported today that the nationâs foreign-exchange reserves posted gains for the second month in January, climbing from $292 billion in December to the record $296 billion. The won also rose on the prediction that the Bank will raise the interest rates to slow the inflation that rapidly grows as the South Korean economy … “Korean Won Gains with Decrease of US Jobless Rate”