Fri, 27 Apr 2012 13:10:00 +0400
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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.
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.
At the end of last week, the Swiss National Bank officially announced its decision to unpeg the Swiss Franc exchange rate from the common European currency. The peg used to be 1.2 CHF per 1EUR. At the same time, the SNB increased the key interest rate from 0,25% up t 0,75%. These moves by the SNB came as a shock to the financial world, thereby resulting in unprecedented volatility in the currency market.
Today it is difficult to find a reputable and reliable broker, which can be really trusted at all times. A reliable trading partner is definitely as significant as a profitable trading strategy along with trading skills and valuable knowledge. Indeed, does it really matter how good you are at Forex trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious. Picking a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…
Last week, international investors didn’t expected any major news or decisions. However, despite their expectations, the Swiss National Bank (SNB) shocked the entire financial world by unexpectedly deciding to unpeg the Swiss Franc from the common European currency as well as to cut the Libor rates.
Almost a year has passed since the moment when a unique project “Arena of Investors” was for the first time presented at Forex market. Authorship of the unprecedented by scale and conditions program belongs to one of the world’s leading forex brokers, which is at the top of many innovative findings in investment sphere – “Panteon-Finance” company.
Traditionally, at the beginning of a year most companies draw conclusions about what has been made for the last 360 days. Forex market is no exception, as its leading operators also provide kind of public reports about their achievements for the past year. Certainly, not all of them, but, at least, those who care about their reputation among clients and want to provide them with full and objective information.
Australia’s mortgage lending declined in November 2014, Market Leader reports with reference to the official Australian sources. Despite the overall lending reduction, the amount of those mortgage borrowers who do it for the first time increased over the reporting period.