It is definitely true to say that the forex market has exploded over the past few years.
There are numerous platforms on offer, where you can dabble in the market for yourself or even give up the full-time day job completely and immerse yourself into the market as an alternate career move. Read the rest of this entry
No oinking involved here, note the extra ‘I’ for a start! This PIIGS acronym has affectionately been given to the 5 troublesome nations of the Eurozone: Portugal, Ireland, Italy, Greece and Spain.
And guess who came up with it? That’s right, the Americans – they really do love to put everything under convenient acronyms.
There is a very significant side to this acronym, however! Read the rest of this entry
As we are continually bombarded with the economic news from The USA, it seems as though their northern neighbour is somewhat neglected as a consequence.
With this in mind, it was thought to be a good idea to report back on the stories that have been making news connected with the economy in Canada.
Canada has recently announced their inflation figures for October 2010 and this came as a definite surprise to The Bank of Canada. Read the rest of this entry
Whilst the world was focussing all of its attention on the situation in Ireland and how this small Western European nation was posing such a threat to the global economy, it is almost as though North Korea seized this exact opportunity to launch its attack on its southern neighbour.
It suffices to say that this unprovoked missile attack on a South Korean island was totally unexpected.
This attack was the most serious since The Korean war ended back in 1953. Read the rest of this entry
I have kept a very close eye on the currency pair GBP/AUD over the past few months.
At the beginning of this period, the rate was hovering around AUD 1.75, but this soon dropped to the AUD 1.60 mark and it has struggled to get much higher than this over the past two months.
So, why is the Australian currency managing to hold on to so much ground over GBP and the other major players in the forex market? Read the rest of this entry
If you have been following this forex blog over the past few weeks, you will have noticed that we have covered the crises with the Euro in-depth?
Indeed, with the likes of Greece, Ireland and Portugal having threatened the very survival of this relatively new currency, it seems that the entire world are standing on the sidelines to witness what is likely to transpire next.
Over the past few days, it would seem that we are starting to get some answers to such enquiries. Read the rest of this entry
Last week’s G20 summit, in South Korea, was a very interesting insight into how other countries are acting towards The United States nowadays.
There was a time, and not so very long ago, that most members of the group that represents the 20 richest states would bow down to the world’s biggest economy – not any more it would appear.
At the summit, The United States did all they could to highlight and solicit support for action to be taken against China for deliberately devaluing its currency – The Yuan – in order to maintain a competitive advantage in the world trade markets such as Forex. Read the rest of this entry
If you were following this site yesterday (28th October 2010), you will notice how we announced the fact that there was an important summit taking place in Brussels to discuss a possible tightening-up of rules governing the Euro zone.
These controls are all aimed at doing everything humanly possible to avert the possibility of another Greek crisis, which almost brought this currency to its knees a few months ago.
Well now, it would appear that the biggest economies of the Euro zone got their way, as these new amendments to The Lisbon Treaty have been given the green light for go. Read the rest of this entry
The smaller economies of the Euro zone are holding their breath at the moment as they wait to find out what the outcome of a meeting in Brussels will reveal, re. the possibility of a new treaty for tougher rules.
Poland and Italy have both expressed dissatisfaction at the plans that they feel could actually damage the path of recovery for their own countries.
This is an issue that all forex traders should keep a very close eye on, over the coming weeks, as it could very well lead to further profits. Read the rest of this entry
If you’ve been keeping a watchful eye on the Euro lately, you will not have been able to miss the fact that this currency has taken something of a plummet over the past year.
In fact, in June 2010, the Euro reached an all time low against the USD and most other currencies.
Even the amateur players in the forex market may well have made some vast profits around this time, if they kept their ear to the ground and made use of fundamental analysis tools. Read the rest of this entry
