Online forex trading is growing. Despite a rising stock market and tougher regulation, online forex trading is becoming more and more popular., staying on the high ground it reached since the breakout of the global crisis. Search volume of forex and forex-related keywords is on the rise. According to Google Trends, the search volume for … “Forex Trading is Growing”
Author: admin_mm
Canadian Dollar Declines on Stocks, Crude Oil
The loonie posted the first losses against its U.S. counterpart as stock fell today and the crude oil barrel declined, affecting directly the Canadian dollar outlook. The Canadian currency has been gaining heavily versus its U.S. counterpart as risk appetite pushed stocks and commodities up, favoring the loonie’s outlook. Today, for the first time in … “Canadian Dollar Declines on Stocks, Crude Oil”
Dollar Rebounds on CIT Group Concerns
The U.S. currency rebounded versus several currencies after bottoming at a six-week low versus the euro, as speculations that the CIT Group may file for bankruptcy boosted demand for safety. The dollar climbed versus most of the currencies after two weeks of losses on a strong wave of risk appetite that pushed investors to high-yield currencies, damping demand for the relative safety of the greenback. Concerns that the CIT Group Inc. will file for bankruptcy reappeared today, … “Dollar Rebounds on CIT Group Concerns”
Swiss Central Bank Attempts to Control Franc Gains
The Swiss central bank widened its foreign currency holdings in order to prevent the national currency to continue its rally, being the current foreign reserves in Switzerland the highest in twelve years. The Swiss National Bank is struggling to prevent the franc to rally, as the demand for the Swiss currency has been on the rise since the first quarter of the year. The national foreign … “Swiss Central Bank Attempts to Control Franc Gains”
Pound Slides Versus Majors on Public Deficit
The pound dropped today versus the euro and the dollar, before a report, that even if did not come with extremely pessimist numbers, indicated a considerably high public deficit in the country, suggesting that the government may struggle to stabilize the nations finances. The pound slid versus several currencies after posting multiple days of positive performance mainly against the greenback, but also … “Pound Slides Versus Majors on Public Deficit”
Will Traders Switch Forex Brokers on New NFA Rules?
The new NFA rules are will be in effect in about two weeks. The anti-hedging rules implies new limits on trading software. It might cause many US traders to shift to foreign brokers or to search for a broker that doesn’t make things hard. It might trigger traders that aren’t fully satisfied to switch brokers. … “Will Traders Switch Forex Brokers on New NFA Rules?”
Russian Ruble Climbs Intensively on Crude Oil Rally
The Russian currency gained most in almost a decade as the crude oil reached $64 a barrel and metallic commodities are on the rise, creating speculations that Russia, a world leader in commodity exportation, will benefit from a global economic rebound. The ruble already posted 16 percent of gains versus the U.S. dollar in five since the first signs of economic recovery started to appear in the first quarter, this Monday the Russian currency was favored by a wave … “Russian Ruble Climbs Intensively on Crude Oil Rally”
Brazilian Real Hits 9-Month High on Economic Optimism
The Brazilian currency posted another day of gains versus most of the main traded currencies and hit a 9-month high against the greenback as corporate earnings came better than expected combined with a rise in commodity prices. An extremely positive day for the Brazilian economy defined a bullish pattern for the real today, as commodities rose, the national stock exchange climbed more than 1.5 percent and confidence among traders brought the Brazilian currency to achieve a seventh … “Brazilian Real Hits 9-Month High on Economic Optimism”
Australian Dollar Hits Two-Week High on Stocks
The Australian currency, often referred as the Aussie, strengthened to a two-week high versus the yen as stocks in Asia climbed this Monday, raising attractiveness for the yield of the Australian dollar. The Australian dollar had a brilliant performance last week supported by U.S. corporate earnings, and this week, both the Aussie and its New Zealand counterpart started bullish mainly against the yen and the greenback, as commodity prices continued on the rise, favoring the attractiveness of the South Pacific currencies. The return … “Australian Dollar Hits Two-Week High on Stocks”
Pound Strengthens on House Prices Climb
The pound started the week climbing versus the yen and the dollar, as stocks rose and the house prices in the U.K. had an increase in the month of June, raising attractiveness for the British currency. The British currency advanced versus the yen reversing a negative trend from last weeks end as the CIT Group Inc. quarterly earnings are expected to be significantly positive, creating speculations that one of the biggest financial groups in the world will not file for bankruptcy as previously stated by some … “Pound Strengthens on House Prices Climb”