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Day: August 18, 2010
August 182010
Japanese Yen Strengthens on Renewed Demand for Safety
The Japanese yen rose today as the renewed concerns that the recovery of the global economy is losing the traction fueled the demand for the safer assets. The experts say that Federal Reserve is expected to increase its purchasing of the bonds as the US economy may weaken. The recent improvement of the sentiment on the global markets wasn’t strong enough to completely remove the concerns for the global economy. The yen also strengthened as the concerns, that the policy makes will intervene to limit […]
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August 182010
Aussie Falls on Lower Wages Growth
The Australian dollar fell today against the Japanese yen on the speculation that Japan’s central bank will refrain from curbing the yen’s gains and after Australia’s wages growth slowed. The Aussie also dropped versus the greenback. The people, who claimed to be familiar with the plans of the Bank of Japan, said that the central bank has no intention to weaken the Japanese currency. The growth of the Australian Wage Price Index slowed from 0.9 […]
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August 182010
Biggest Forex Scam Pt. III (Joel N. Ward)
Covered in our previous articles, you’ve already read about Forex scams created by Russell Cline and Richard Matthews Jr. Today we’ll talk about exploits about another conman of the foreign exchange market. Known as the “Financial Serial Killer”, Joel N. Ward, a small trader with big dreams took one small wrong step after another and ended up scamming his investors of over $11 million. The incredible […]
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August 182010
Thai Baht Rises on Outlook for Growth of Asian Economies
The Thai baht went up today on the speculation that the fast growth of the Asian nations would attract more investors to the region, increasing the appeal of the Asian currencies. The central banks of some Asian nations, including Thailand, raised the interest rates this year, making their currencies higher yielding than the currencies of the Group of the Seven Nations. The International Monetary Fund predicted that the Asian developing economies would grow 9.2 percent this […]
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