Day: March 4, 2008

March 4
2008

Australian Benchmark Rate Set to 7.25%

The Reserve Bank of Australia increased the national benchmark rate for the second time in 2008 — from 7.00% to 7.25%. The last time interest rate was increased on the 5th of February. Currently benchmark interest rate in Australia is the highest since 1996. RBA believes that the recent borrowing tightening contributed to the slowing of the inflation as the consumers began to spend less: Having weighed both the international and domestic information available, the Board concluded that a further tightening in monetary […]

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March 4
2008

BTRFX Unlisted from Brokers List

I had to remove Boston Trading and Research form the my Forex brokers list, because judging from their website BTRFX is no longer a retail broker. Now they offer managed Forex accounts and are performing quite well (according to BarclayHedge). Personally, I wouldn’t trust them too much, because they don’t seem to be registered with any U.S. or international regulator. According to some Forex related forums’ posts (babypips.com and […]

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