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Day: August 23, 2010
August 232010
Loonie Falls as Traders No Longer Expect Rate Change
The Canadian dollar continued its downward fall against the USD today, as the Forex traders expect no interest rate hike from the country’s central bank when it meets next time in two weeks. The loonie (as the CAD is nicknamed) has reached its weakest mark against the US dollar since July 20 today. The likelihood that the Bank of Canada will go for a rate hike at its meeting on September 8 […]
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August 232010
Can Yen Profit from Economic Uncertainty?
The Japanese yen is considered a safe currency, which makes it attractive in the times of the economic instability, like nowadays. While its appreciation slowed compared to the beginning of this year, and it even weakened a little versus some other currencies during the summer, the yen remains very attractive currency for those who desire safety. Will it retain its value or it’s time to sell the currency while it’s still highly […]
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August 232010
AUD Recovers After Falling on Opening
The Australian dollar fell against all of its major counterparts at today’s Forex market opening, as Australia may be left without a majority government for the first time since 1940. The Aussie has immediately entered an uptrend after this negative opening. Hung parliament isn’t anything good for the country’s currency and, after Saturday’s federal election, Australia is quite close to the situation where no party can get a necessary […]
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August 232010
Biggest Forex Scam Pt. IV (Russell Erxleben)
If you’ve read the first article in this series, you’re probably wondering what is with people named “Russell” and Forex scams? How does a former football star with an almost decade-long career in professional football end up in the Forex trading market and bilking millions of dollars from innocent investors? Here’s the entire story: The Beginning Contents 1 The Beginning 2 The Lawsuit 3 Release 4 German Bonds Fraud […]
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