0digg...
Wednesday, June 15, 2011
Pound Weakened by Slowing Inflation
The Great Britain pound weakened today as the reports showed that the core inflation slowed and the retail price index remained unchanged last month. The consumer price index remained at 4.5 percent in May (year-on-year) as was expected. Yet the core inflation decreased to 3.3 percent from 3.7 percent, while only a small drop to 3.6 percent was expected. The retail price...
Debt Crisis Eats Away Euro’s Strength
The euro slumped today, erasing this week’s gains against the US dollar, on concerns that the European Union leaders won’t be able to reach agreement about measures necessary to battle the debt crisis.
German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet on June 17 in Berlin as the pressure to resolve their disagreement strengthen...
Pound Slides on Rising Jobless Claims & Slowing Wage Growth
The Great Britain pound tumbled today as the government reports showed that the number of unemployment claims unexpectedly increased and the wage growth slowed.
The number of people seeking unemployment benefits rose to 19,600 in May from 16,900 in April, according to the report of National Statistics. The unemployment rate stayed at 7.7 percent. The average...
Sunday, April 24, 2011
Interest Rates Outlook Causes Weekly Slump of Dollar, Forex
The US dollar was performing terribly this week against both commodity and safe currencies among signs of economic growth and on speculation that the Federal Reserve will lag with an increase of the interest rates.The bad performance of the US currency against its safe-haven counterparts was expected, but the drop versus currencies linked to growth wasn’t anticipated. The persisting Europe’s problems with sovereign debt should’ve spurred the...
Managed Account Forex Trading Software – Automated Forex Trading Software- Web-Based Forex Trading Software- Computer-Based Forex Trading Software
Managed Account Forex Trading Software – Automated Forex Trading Software- Web-Based Forex Trading Software- Computer-Based Forex Trading SoftwareForeign exchange or forex is a booming market and most of us are tempted to try our hand in this money game. Day trading refers to buying and selling of stocks most commonly in the foreign exchange market. As it deals with funds, a trader is required to be well funded, and the success depends on several...
