Following four downtrending days attributed to a rising stock market and record setting gold prices, the Australian Dollar finally saw broad gains in Asian trading today. As reported at 4:41 pm in Sydney, versus the U.S. Dollar, the Australian Dollar rose to $.9193, a gain of .5% from Friday’s New York trade of $91.47. Against the Yen, the Australian Dollar traded at 81.70 Yen, a .5% rise and the first increase in six days. The New Zealand Dollar also rose against the greenback, trading at $.7269, a gain of .4%; versus the Japanese Yen it rose to 64.60 Yen.
Speculators continue to believe that, given the rebounding economy in Australia, the Australian Reserve Bank will have no choice but to raise key interest rates next week, for the third month in a row. The benchmark interest rate in Australia currently stands at 3.5% and in New Zealand, the rate is 2.5%. Both rates are among the highest of developing nations, attracting investors with their higher-yielding assets. In the United States, the benchmark rate remains at a historic low of zero and is expected to remain there until the economy sees a more sustained renewal.
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Easy Forex is pleased to announce its participation in the 5th Middle East Forex Trading Expo in Dubai on November 17-18, 2009 and invites all participants to come to booth F23 for a chance to have a personal demonstration of their Visual Trading Machine.
Easy-Forex’s Visual Trading machine provides an exciting, easy and transparent option that helps users make educated, clear decisions in an otherwise complicated market.
Distinctive features of the Easy-Forex platform include:
The Visual Trading Machine which provides a quick display of the most current market information. Each element of the machine is designed to empower the user to make educated decisions about their portfolio of trades, optimizing their trading experience.
Inside Viewer™ allows traders to see through the market with ease and informs them what others on the Easy-Forex platform are trading in real time (popularity of a currency pair, deal direction and the average structure of open deals). This feature brings Easy-Forex to a new standard of ethics in
The unique Trade Controller™ tool which provides a clear and complete picture of all profit/loss scenarios for precision measurement and adjustment. Users with the controls to set their desired values visually and simply.
The Freeze Rate capability enables traders to freeze an existing Buy or Sell rate for a few seconds, allowing traders to briefly lock in a rate regardless of market movement with no commitment to trade.
The Easy-Forex trading platform was founded on the idea of bringing currency trading to the general consumer. Easy-Forex was the first online Forex trading system allowing clients to trade Forex as a consumer product and is one of the only platforms enabling a trader to start trading immediately. Since 2001, Easy-Forex has been revolutionizing foreign exchange trading in more than 150 countries.
The Easy-Forex trading platform was founded on the idea of bringing currency trading to the general consumer. Easy-Forex was the first online Forex trading system allowing clients to trade Forex as a consumer product and is one of the only platforms enabling a trader to start trading immediately. Since 2001, Easy-Forex has been revolutionizing foreign exchange trading in more than 150 countries.
Easy-Forex is licensed in Australia, the EU, and the USA and has nine physical office locations around the world. To find out more, please visit easy-forex.com.
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