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      New contests on TopGoldForum   10/11/2017

      Brand new contest in TGF Cash Folder, with cash prizes for our members: My favorite movie contest. Good luck


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About barbara

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  1. Hi guys, how are you doing. The dollar and yen rose as traders fled the euro and pound on evidence Europe’s recession is deepening. The 16-nation currency fell the most against the dollar in almost three months as industrial orders in the region plunged in January, adding to bets the European Central Bank will need to consider buying bonds to promote growth. The pound dropped to a one-week low as the U.K.’s economy contracted in the fourth quarter more than economists forecast. The euro decreased as much as 2 percent to $1.3264, the biggest intraday drop since Jan. 9, before trading at $1.3298 at 12:42 p.m. in New York. Europe’s currency extended its decline this week to 2.1 percent. The yen gained 2.2 percent to 130.56 per euro from 133.52. The dollar weakened 0.6 percent to 98.13 yen from 98.71. The pound fell for a third day versus the dollar after a report showed Britain’s gross domestic product contracted in the fourth quarter by a greater-than-forecast 1.6 percent, the most since Margaret Thatcher was prime minister in the 1980s. Cheers! Barbara ;)
  2. Hey guys, how are you doing. :) The dollar fell again against the euro yesterday as Federal Reserve planned various other plans to boost the economy, giving way to speculation that more money supply could hamper the currency. Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto, said: "The market is focused on how the Fed increases its balance sheet, buying more troubled assets. There’s a possibility the Fed is creating more risk tolerance at the expense of the dollar.” The pound also fell after bad UK unemployment data was released. The pound was down 1.1 per cent against the dollar to $1.3893 and fell 1.3 per cent against the euro to £0.9385. the pound also fell against the yen by 1.1 per cent to Y136.86. Against the euro, the yen fell 0.3 per cent to Y128.68 and was down 0.1 per cent against the dollar to Y98.66. The dollar fell 0.3 per cent against the euro to $1.3042. Cheers! Barbie :rolleyes:
  3. Hi guys, how are you doing ;) The US dollar fell against major currencies as its safe haven appeal faded and traders turned attention to global equities and riskier currencies instead. European, US and Asian stock markets all managed gains Wednesday on hopes that a global economic recovery is not too far away. Sterling meanwhile remained under pressure against the euro on ongoing concern about the outlook for the UK economy. The euro rose to $1.2828 from $1.2679. Sterling rose against the dollar to $1.3851 from $1.3743 while the euro rose 0.8% to 92.90p against the pound after hitting a high of 93.01p." Cheers! Barbie :rolleyes:
  4. Hey guys, how are you doing. I'm back from a brief break, full with energy. Bad news keeps trickling out from the US but the US Dollar still seems to be a favourite among traders who see the greenback as a safe haven asset. Whereas, in Europe, traders were disappointed when European currencies fell on the rejection made by European Union leaders of a 180 billion euro aid package for the region since the members would act only n a country by country basis and not as a region. Cheers! Barbie ;)
  5. Hey guys, how are you doing. I'm happy cause I will soon take an entire week off, I really need it after working almost 3 years straight. B) Currency trading was subdued Monday with US markets closed for President's Day. Dollar and the Yen gained on heightened risk aversion as concern intensifies about a global recession. Demand for the pound was weak. Sterling also fell on concern that a report out Tuesday would show inflation slowed as economic deterioration continues. The euro remained under pressure on concern about the Euro zone's exposure to banking problems in Eastern Europe. The pound weakened 0.8 percent to $1.4246. Cheers! Barbie :P
  6. Hey guys, how are you doing? I was a little bit sick these days but fortunately I'm feeling better. Here's a quick report about the British Pound. The sterling fell against the dollar yesterday after Moody Investors Service downgraded Barclays Bank. Investors went for safe haven currencies like the yen and dollar over concerns of further weakening banking sector. Sterling fell 1.6% against the dollar to $1.4237. Cheers! Barbie :rolleyes: