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Day: July 11, 2011
July 112011
Aussie Heads Down on Europe Woes & China’s Growth
The Australian dollar fell today on concerns about the debt situation in the European Union and on the speculation that China will take additional steps to prevent its economy from overheating. Economists predict the report, released on July 13, will show that China’s gross domestic product grew 9.3 percent in the second quarter of 2011, down from 9.7 percent in the first quarter. The report last week showed that China’s inflation increased […]
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July 112011
Iraqi Dinar: Main Drivers & Redenomination
Iraqi dinar can be an interesting option for traders who look for currencies with great potential for profit. But such potential often comes with higher risk. How investor can predict performance of the dinar? The first thing to remember is that Iraq is one of the biggest world exporters of oil, therefore performance of its currency depends on prices for this commodity. Currently oil shows an upward trend, so the Iraqi […]
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July 112011
Ruble Goes Down with Oil Prices
The Russian ruble fell today as crude oil, the main source of Russia’s export revenue, declined for the second day on concerns for the recovery of the world economy. August futures for crude oil delivery fell $0.98 (1 percent) to $95.29 a barrel. Crude retreated 10 percent in June to the lowest in eight months. Economists say that the ruble will be driven by global market trends rather than the improving domestic conditions. USD/RUB rose from […]
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July 112011
Malaysian Ringgit Slides as World Economy Slows
The Asian currencies, including the Malaysian ringgit, weakened today as concerns for the global economic growth caused investors to shun risk and decreased appeal of the region’s assets. The government report showed today that Malaysiaâs industrial output slumped 5.1 percent in May from a year ago after the drop by 1.7 percent in April. Chinaâs economic growth slowed from 9.7 percent in the first quarter of this year to 9.3 percent in the second quarter, according […]
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July 112011
Another BVI Company — Offshore Broker PaxForex
Today I’ve added another Forex broker from British Virgin Islands to the list on the site. It’s a brand new company — PaxForex. They currently offer various bonuses to attract customers and have very favorable conditions for joining. It’s a MetaTrader broker with only $5 minimum account size, micro-trading and leverage that can be scaled between 1:1 and 1:500. Spread is also quite low — only 1 pip […]
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