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Day: November 2, 2010
November 22010
Is Iraqi Dinar New Opportunity or Tool for Scam?
The new Iraqi dinar, introduced in 2003 after the fall of the Hussein’s rule, became popular among some investors, who hope it would become much more valuable soon and would bring a big profit. Are such hopes justified or buying the dinar is buying the worthless paper? The example of the Kuwait dinar fuels hopes of the investors, who put faith in the Iraqi currency. The Iraqi dinar already jumped from 4000 per […]
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November 22010
Japan’s Yen Weakens as Global Economy Recovers
The Japanese yen weakened today as the rallying stocks and the interest rates hike in Australia added to the signs of the global economic recovery, decreasing the demand for the safer currencies. The MSCI Asia Pacific Index of regional shares rose 0.3 percent, while the MSCI World Index advanced for the fourth day. The growth of the US and China’s manufacturing and the interest hike in Australia also supported the outlook for the recovery of the world economy. USD/JPY advanced from 80.49 to 80.78 today as of 10:20 […]
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November 22010
Aussie Reaches Parity with Greenback After Rates Hike
The Australian dollar rose today after the central bank unexpectedly raised the interest rates today, increasing the attractiveness of the nation’s assets. The Reserve Bank of Australia raised its cash rate to 4.75 percent, while the analysts predicted the bank would remain the rate unchanged at 4.50 percent. Glenn Stevens, the Governor of the Reserve Bank of Australia, said in his statement that “the risk of inflation rising again over the medium term remains”. AUD/USD jumped […]
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November 22010
How Can Forex Brokers Cheat You Legally?
There are many reports of scam brokers in the Forex industry. âBucket-shopâ companies attract customersâ funds and then simply run with them or they create unjust trading conditions, under which every trader loses money constantly. Those can be classified as true scams and are plain illegal. They deserve their own subject and are discussed throughout the Internet widely. But, unfortunately, legit (registered and regulated) Forex […]
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November 22010
Canada’s Dollar Gains as Oil Prices Rises
The Canadian dollar gained today against its US counterpart as oil, the main nation’s export, advanced and on the speculation that the quantitative easing by the Federal Reserve would weaken the US currency. The loonie also rose versus the euro. The anticipated announcement of the quantitative easing boosted the loonie, as the Canadian currency often nicknamed, against the greenback, while the advance of the oil prices bolstered the Canadian dollar versus some other currencies. December delivery for crude oil […]
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