South Korean authorities have indicated they will intervene if the volatility in the foreign exchange (Forex) market continues. The government and the Bank of Korea have concerns regarding the rapid declining value of the won and plan to keep a close eye on the Forex market.
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Currency trading on the Foreign Exchange (Forex) market is the simultaneous buying of one currency and selling of another one. The currency pair used for the trade is called a cross. The most commonly traded currencies are referred to as the “majors”, these are; EUR/USD, USD/JPY, USD/CHF and GBP/USD.
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A popular method of trading Forex is to use fundamental analysis to make decisions about the direction a currency is likely to go in. This article will provide you with an introduction to how you can use the basic concept of supply and demand to improve your Forex trading results.

The foreign exchange (Forex) market, works like every other market in the world, it’s driven by supply and demand. Understanding the concept of supply and demand will make a huge difference to your Forex trading results. To be successful trading Forex you need to be able to sort through all the daily news to determine those messages that are important and likely to have an impact on the market.
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The United Arab Emirates central bank has made no decision yet on diversifying its foreign exchange reserves and the current USD ratio is appropriate, the bank’s Governor Sultan Nasser Al Suweidi said yesterday.

However, he told Reuters in an interview that a shift remains the bank’s long-term objective.
“The board is making the decision but it has not taken the decision yet,” he said on the sidelines of a conference in London.
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China’s net international investment position (IIP) more than doubled last year, largely as a result of its fast-growing economy and an improved international clearing capacity.

China’s net IIP, or overseas financial assets and direct investment minus such liabilities, was US$287.5 billion at the end of 2005, surging by 138 per cent from a year earlier, according to figures released yesterday by the country’s top foreign exchange body, or State Administration of Foreign Exchange (SAFE).
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National Australia Bank’s management had the wool pulled over their eyes by two former traders involved in the $326 million unauthorised trading scandal that rocked the bank in 2004, a court has been told.

The Victorian County Court heard that Vince Ficarra told his boss on the foreign exchange options desk, Luke Duffy, that he was not impartial to telling lies as the traders continued to hide losses by entering one-sided false trades.
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