Category: Forex Fundamentals
Nikkei Falls Due to Increase in Risk Aversion
Aug 03 2011- Gavin
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The Nikkei average in Japan met a second downfall after one on Tuesday. While U.S shares and the dollar fell despite the U.S passing a last-minute bill raising the debt ceiling to avoid default, risk aversion was high on the market meters. The yen’s downfall is also attributed to the Bank of Japan’s statements that it was considering downgrading the yen since it was overvalued due to the economic crisis in the U.S and Europe.
China’s economy may crack in the future
Jul 25 2011- Andrew
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The third world countries, especially China, have remained relatively untouched by the current debt crisis in European Union and the US, with its economy remaining strong and growing by 8-10%, which is quite high compared to growth rates of around 2-3% of USA and UK and other developed nations.
What is Forex?
Jan 31 2011- Alex
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Forex is the acronym for the term foreign exchange, as it relates to currency trading, or the buying and selling of currencies. Forex trading is always done with a pair of currencies, and the buying and selling of the currencies is done simultaneously.