Day: April 19, 2010

April 19
2010

Rand Falls with Selling of High-Risk Assets

The South African rand dropped as the widening investigations about the activities of the Goldman Sachs Group Inc. caused the investors to sell their high-risk assets amid the growing confusion and distrust in the markets. As more and more inquiries are made into the Goldman Sachs‘ activities the investors are becoming less inclined to risk and are beginning to sell the higher-risk assets. This trend has negative effect on the equities, the commodities and also the rand, which falls into […]

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April 19
2010

Zloty Fell, But Remains Too Strong

The Polish zloty declined after the central bank’s intervention to prevent further appreciation, yet the currency remains “too strong” in Deputy Finance Minister’s opinion. The quick appreciating harmed the Polish exporters by making their goods more expensive worldwide and decreasing the value of their sales in the local currency. To amend this situation the central bank performed its first intervention in 12 years last week. Yet Ludwik Kotecki, the Deputy Finance Minister […]

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April 19
2010

Loonie Goes Down as Oil & Stocks Fall

The Canadian dollar continues its decline as the charge for fraud against the Goldman Sachs Group Inc. made the investors to shun the higher yielding assets, causing the prices for some commodities and the stocks to decline. The prices for the crude oil, the nation’s key export, dropped after the Goldman Sachs was sued, worsening the investor’s sentiment for the riskier assets. The analysts think that this situation should be temporary as the traders’ panic will eventually go away, […]

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April 19
2010

Aussie’s Race to Parity Halted by Possible Yuan’s Revaluation

The Australian dollar’s rise to parity with its U.S. counterpart stalled on the speculation that the central bank may increase the interest rates with the slower pace as China is likely to plan the revaluation of the yuan. Some experts think that the Reserve Bank of Australia has raised the borrowing costs too soon and too high after increasing the overnight cash rate to 4.25 percent this month from 3 percent in October. The Australian […]

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April 19
2010

Forex Account Hacking — a Real Problem?

A few days ago a trader from a popular Forex forum asked a question concerning the safety of the Forex trading accounts from hacking and other security-related issues, specifically about the safety of the MetaTrader 4 accounts. While there is a dependence between the security policy of the trading platform and the security of the funds in the trading account, the more important is the security policy of the specific Forex broker. There are four major types of the potential important problems […]

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