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Day: December 14, 2015
December 142015
Forex VPS with Geographically Distributed Datacenters
TradingFXVPS is a new player on the market. It has been launched only recently. The range of VPS plans is very wide — from $25 to $250 per month (you will not need this expensive plan unless you need to operate dozens MT4 platforms simultaneously). Here is the list of this provider’s features: The cheapest VPS is $20 if you pay for a year. That plan goes with […]
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December 142015
Yuan Remains Under Pressure Despite Improving Economic Data
The Chinese yuan remained under pressure despite positive economic data from China. As most currencies, the yuan suffered from expectations of monetary tightening from the US Federal Reserve. The Peopleâs Bank of China set its reference rate at the lowest level since 2011, suggesting that it is willing to engage in the currency war to support the economy. Data released on Saturday suggested that measures taken by Chinese policy makers had […]
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December 142015
South African Rand Gains After Finance Minister Appointment
The South African rand rallied today after President Jacob Zuma appointed Pravin Gordhan as a new finance minister. He is the third South African finance minister in less than a week. The appointment of widely-respected Gordhan over the weekend was welcomed by markets, sending the rand higher. The currency has lost almost 9 percent of its value last week, tumbling 5.4 percent versus the US dollar in a single day, after […]
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