Microsoft, the world-famous tech giant from the USA, reported about its financial performance in the forth quarter of 2014, which ended on December 31st. According, to the Hi-Tech Department of Masterforex-V Academy, the corporation’s net profits seen over the period of October through December reached $5,9 billion. For the same of comparison, the same figures seen 12 months before indicated $6,6 billion. With that said, this was a 10% decline in Microsoft’s quarterly net profits.
Not so long ago, Google updated its office apps for mobile devices powered by Android and iOS. According to the Hi-Tech Department of Masterforex-V Academy, Google updated the following apps: Docs, Slides and Sheets. The apps underwent minor design improvements and some new functions and features.
George Soros, the famous American billionaire, made a speech within the scope of the latest economic summit in Davos. During his speech, the financial tycoon warned the representatives of the European Central Bank against printing money any father since any extra emission of money may well result in major consequences for the Eurozone and other parts of the globe, Market Leader reports.
The common European currency seems to be setting new records, Market Leader reports. In particular, according to Mario Draghi, who is currently presiding over the European Central Bank, the official exchange rate of the common European currency against the U.S. Dollar dropped down to the lowest level in 9 years. At this point, EURUSD is trading at 1,1520.
At the end of last week, the Swiss National Bank, which is Switzerland’s central bank, announced a shocking and unexpected decision to start unpegging the Swiss Franc (its national currency) from the Euro (EURCHF was 1.2). Needless to say that this almost instantly provoked unseen volatility in the Franc-related currency markets, thereby resulting in thousands of retail traders getting major losses resulting from negative balances while Forex brokers had major difficulties. Some Forex companies had to announce insolvency since they fail to cope with the situation due to improper risk management and excessively high leverage offered to retail traders.
Approximately a week ago, the Swiss National Bank came up with a shocking and unexpected decision to unpeg its national currency - the Swiss Franc - from the common European currency (which used to be pegged at 1.2). This instantly triggered unprecedented volatility in the CHF-related markets, which resulted in thousands of retail trader seeing negative balances while Forex brokers having major difficulties. Some of them even had to announce insolvency due to improper risk management and too leveraged business.
It is reported that the profit of Intel, the world’s biggest manufacturer of computer chips, boosted in the 4th quarter of 2014. This is the sign that the global demand for desktop computers and laptops increased over he reporting period, Market Leader reports. According to the Hi-Tech Department of Masterforex-V Academy, the tendency is probably going to be seen this year as well.
One of the most burning problems of the contemporary society is the ultra low price of crude oil worldwide. Still, it is surprising to see that the OPEC, which is a union of some of the world’s major producers and exporters of crude oil, is still reluctant to start cutting down on their oil production. If you have been in financial markets for a while, you probably know that amid declining global demand for crude oil (mainly triggered by the economic slowdown in China - the world’s second biggest economy and the biggest consumer of crude oil), the steady and high level of oil production leads to oversupply at all times. Apparently, oversupply triggers a price collapse. The bigger it is, the harder the prices fall eventually. This is the case in the global market of crude oil right now. The prices have already fallen by more than 50% since its local highs set in mid 2014.
The analysts working for Renaissance Capital perform some complicated calculations to find out what the Russian Ruble exchange rate is going to be depending on the future prices of crude oil. It is not a secret that the Russian economy is heavily dependent on its exports f crude oil. In particular, the exports of crude oil account for thirty percent to nearly half of the Russian GDP. With that said, oil prices seem to be the key factor influencing the Russian economy and national currency, Market Leader reports.
Success is said to come to those who really want and deserve it. All those people with a lot of expertise in any field of human activity share the same opinion that nothing is impossible in this wonderful world. Impossible is the world used by lazy and ignorant people. Those who really strive to be successful are not afraid to face challenges, which are viewed as certain stimuli and can really improve their lives. Today’s world of finance is no exception. Anything is possible in it as well, including getting rich. Ultimately, you can reach the desired financial freedom as long as you set goals and work hard to achieve them. This is especially topical these days, when the sophisticated and challenging world of money has already evolved so much that it can easily cater to the needs of various kinds of people.