South Korea Planning Currency Intervention
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.
Read more »What is Currency Trading?
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.
Read more »Forex Training – Supply And Demand Basics
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 [...]
United Arab Emirates plan to convert 10% of Forex Reserve from Dollars to Euros
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 [...]
China’s International investment surges by 138%
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, [...]
NAB bosses blinded by forex scandal
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 [...]
