Jun
26
Forex Glossary
Posted in Forex Education.
Ask (Offer) – price of the offer, the price you buy for.
Bank Rate – the percentage rate at which central bank of a country lends money to the country’s commercial banks.
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Archive for June, 2007
Jun
26
UK earnings slow more than expected
Posted in Forex News.
Fears of an inflationary wage spiral eased on Wednesday after data showed that average earnings growth slowed by more than expected in the three months to April. The labour market report from the Office for National Statistics showed that average earnings including bonuses climbed by 4 per cent, the weakest growth since September. April’s number was lower than March’s downwardly revised figure of 4.4 per cent and was much softer than analysts expectations. Excluding bonuses, wages rose by 3.6 per cent in the quarter to April, unchanged on the previous month. The earnings news will be welcomed by the Bank of England and may, marginally, reduce the pressure for further interest rate rises to combat inflation.
Jun
25
Opening a Trading Account
Posted in Forex Education.
Opening a new online trading account with a Forex broker can be done in three simple steps:
Selecting an account type
Registration
Activating your account
Jun
25
BEAVERTON, Ore., June 25 /PRNewswire-FirstCall/ — Tektronix, Inc. (NYSE:TEK) announced today that its Board of Directors authorized an incremental $350 million to repurchase shares of common stock in the open market and in privately negotiated transactions under the company’s share repurchase program. Since this share repurchase program was initiated in January 2000, including today’s authorization, the board has authorized $1,600 million for share repurchase — approximately $909 million of which has been used as of May 26, 2007.
Jun
25
EUR/USD Rallies at Trading Week End
Posted in Forex News.
Last day of a Forex trading week brought some good results for EUR/USD currency pairs, moving it past 1.3450 level (but still not breaking the recent downtrend). The main reasons of such behavior of EUR/USD can be seen in slightly better than expected April industrial orders which in year-to-year period changed by +12.2% against +8.7% anticipated by experts. Also, Jean-Claude Trichet, President of ECB, spoke about Eurozone economics marking it mostly in very optimistic epithets, that could give Euro bulls some hope for the faster interest rates increase by ECB.
Jun
25
Selecting the online forex broker the right way. Firstly, make sure you have someone reliable and avoid signing up with those hit-and-run online site. Most online forex website offers free and limited online demo. It is good to start exploring before you sign up.
Jun
25
Yen Falls to All Time Low
Posted in Forex News.
The President of Japan’s Central Bank announced that a rate hike is unlikely, which is good news for currency traders.
