The euro hit record highs against the dollar yesterday as the $1.51 level was breached in afternoon trade.This was on the back of the US Fed’s Chairman indicated more interest rates cuts were on their way in the US. The euro climbed as high as $1.5143 after comments named worries on economic growth outweighed inflation concerns.
Also, investors are getting a sense from European Central Bank officials that they don’t mind a stronger euro and may be encouraging it in the face of higher inflation rates. The single currency also gained over 1 per cent against sterling as the 0.76 level was breached, currently trading at 0.7621.
[ForexGen Demo Accounts Contest]
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[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number
Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.
By the end of each contest:
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.
The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.
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