One thing that is not a good idea for a currency trader is following the news. In this article, I am going to go through the announcement that the Mexican Peso (MXN) is expected to drop below 1 US Dollar for the first time in its history on the morning of November 8, and discuss …
All the usual hyperbole about China’s “shanghai syndrome” has been enough to send the Australian dollar backtracking off its pre-crisis highs. Yes, the China trade and related issues are certainly important, but I have concerns that this latest analysis is mis-direction. The first reason is that we seem to be seeing some “evidence” of the …
So the outbreak of the Rovio with their brand new mobile game “Yen Aims Higher on Coronavirus, Euro Up as Italy Risk Eases” is causing a stir in the game industry. With the news emerging about the virus spreading throughout Europe, EUR and even some parts of North America it is affecting global sales for …
When you make your selection on gold and other precious metals or coins this year on the Davos Forum, remember that a big part of investing is purchasing price, not only a large amount of it. For the past several years we have seen various major currencies slide in value as the result of either …
Currency pair forex is the term used to describe the exchange between two different currencies. With a lot of changes happening in the world of international trade, the currency pair forex market has also become an important part of trading. However, the currency pair forms is also quite difficult to trade as one needs to …
A declining value of the United States Dollar coupled with a weakening of the economy will make an extreme global financial crisis more likely. This is why a lot of investors are focusing on silver and gold bullion. If you are into this trend, you are probably getting ready to diversify your portfolio as well. …
Those who make predictions based on the new year, old policies of reducing the funds in the reserves of the Central Bank have actually been proved wrong in their forecasts. This is because the Bank has already delayed in reducing the reserves as was originally planned. The Budget has already incorporated many measures to deal …
The Fed would need more than a very simple policy rule for a guide in such scenarios. Under this scenario, it may decide to wait and evaluate new economic data. It could increase reserves to lower the rate, thereby encouraging economic activity. It reiterated that it will continue to watch the data to see if …
The prices they have as a result of Washington plans to reintroduce sanctions against Iran, OPEC No. 3 producers, analysts said rose. Now that they have fallen, manufacturers are no longer hedging, but large consumers such as airlines and freight forwarders are buying futures contracts at low prices, locking in their future (low) fuel costs. …
Some banks have excess money, although other banks may have short-term liquidity requirements. Also they are no longer selling enough gold to make up for global demand above the amount of gold mined each year. On the flip side, a more powerful dollar may make gold relatively more expensive in different currencies due to exchange …
