Global Forex Trading Hits $4 Trillion Per Day
Thursday, September 02, 2010
A report issued by the Bank for International Settlement determined that approximately $4 trillion Dollars are traded on the world’s foreign exchanges every day. This means that the financial equivalent of the world’s economic output churns through the system every two weeks.
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An Overview of the Forex Majors
Wednesday, September 01, 2010
A short overview of the Forex major pairs in today's Forex market.
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Eurozone Unemployment Level Remains High
Wednesday, September 01, 2010
Eurostat have just released the unemployment data for nations using the single European currency, the Euro. The data show that the overall level of unemployment across the Eurozone has remained unchanged at 10% for the fifth straight month.
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Bank Of Japan Fiddles Whilst Yen Rises
Tuesday, August 31, 2010
The Yen has continued to appreciate against the other major currencies despite the clear wishes of the Japanese government and the Bank of Japan. The currency is near a fifteen year high against the US Dollar and is trading at the highest level it has seen against the Euro for nine years.
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Forex Aug 30th: August And Last Week’s Trading Session Perspective
Monday, August 30, 2010
Friday marked the last day’s trading in August and also the first anniversary of these articles. All of the markets ended the month lower than they were when it started. On the currency markets, the Dollar was mixed over the course of the last month against the other major currencies.
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New US Home Sale Figures Disappoint
Friday, August 27, 2010
Recently, we reported that President Obama had declared the housing glut in the USA to be impeding the recovery in America. Statistics have just emerged about the current status of the sale of newly constructed housing stock and existing homes that suggest that the market is even more sluggish than analysts had feared.
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Standard And Poor’s Downgrades Irish Rating
Thursday, August 26, 2010
Ratings agency Standard and Poor’s (S&P) has downgraded the credit worthiness of Irish debt vehicles from AA to AA-; the nation’s lowest rating since 1995.
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Doubts About Global Recovery Send Yen Higher
Wednesday, August 25, 2010
The US Dollar hit fresh 15 year lows against the Japanese Yen in trading yesterday. It also showed gains against the Euro; pushing it to a nine year low, and Sterling.
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Greece Meets and Even Exceeds its Target
Tuesday, August 24, 2010
The EU has confirmed that Greece has met (and exceeded) its targets and that the next tranche of funding will be released next month. Greek state spending has been cut by 16.9% over the levels seen in the first half of 2009 and the deficit has declined by some 46% - a faster rate than anticipated.
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Forex: The Last Week’s Trading Activities In Perspective
Monday, August 23, 2010
With the exception of the Nasdaq, all of the world’s major stock markets closed lower, compared to how they stood last week. On the currency markets last week the Euro again had the worst of trading.
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