The Mexican peso slightly dropped today as the central bank kept the interest rates unchanged for the record stretch of time and suggested that that it may keep the rates at the present levels even longer. Banco de Mexico kept its benchmark rate at 4.5 percent as was expected. The rate was unchanged for 16 consecutive months. Agustin Carstens, the Governor of the Bank of Mexico, explained this decision by the concern that the inflation would slow … “Mexican Peso Declines as Interest Rates Remain Unchanged”
Author: admin_mm
US Dollar Recovers on Outlook for GDP & Consumer Sentiment
The US dollar pared its losses on the forecasts that the reports this week would show that the pace of GDP growth increased and the consumer confidence improved in the US. The analysts estimated that the US gross domestic product rose at the 3.5 percent annual pace last quarter, compared to the 2.6 percent rate in the third quarter of 2010. The analysts also expect the report to show tomorrow that the consumer confidence index of the US Conference Board … “US Dollar Recovers on Outlook for GDP & Consumer Sentiment”
Does Lower Oil Signal For Stocks Reversal!?
Oil was one of the weakest markets for the past few trading days. Today is down more than 1.50%, despite US dollar weakness that we are seeing across the board, driving by higher stock market. However, on the next Daily overlay chart between the S&P and oil prices you can see that these two markets … “Does Lower Oil Signal For Stocks Reversal!?”
Swiss Franc Advances Thanks to Increased Money Supply
The Swiss franc rose against all other major currencies except euro today, as the traders reacted on increased M3 money supply as a sign of a probability for a stricter monetary policy in the future, despite the commentaries by the central bank president. The franc advanced against the US dollar and the Japanese yen, while staying near the opening level against the single European currency today. The Swiss National Bank released its statistical report today showing a growth … “Swiss Franc Advances Thanks to Increased Money Supply”
Euro Rises for 4th Day on German Business Confidence Data
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”
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”