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Although a lot of speculation has lead many to believe that the world is moving away from the dollar as the world's reserve currency, a senior Chinese central banker says otherwise. According to Jin Zhongxia, the dollar will remain the world's reserve currency for decades to come and will probably even become stronger. This stark reversal from past comments by Chinese officials is pretty unbelievable and comes at a strange time. Does this have more to do with the strength of our central bank's policies or with the strength of our military and our willingness to use it when our petro-dollar is threatened in any way? I'll leave that for you to decide.
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Today, the EUR/USD pair has gone up above 1.3300. Does this signal that things are on the mend in the Eurozone? In the short term, I'd have to say yes. The market seems to be feeling good about itself thanks to good news in stocks and some other economic indicators. However, in the long-term, I guess you could consider me a little bit more pessimistic than most of the media. They still have the same inherent problems that no one is fixing. Their central banks create more money out of thin air as needed. The governments borrow more money to somehow address their debt problems. Then that mess is somehow supposed to magically fix itself. Forgive me if I haven't bought into the media propaganda that says the Euro situation is on the mend. Sure it might last months or years thanks to the economic stimulus that the central banks can crank up. However, I don't think it will last permanently.
Hi I am a newbie in forex market and have question. My a/c info is balance 6052,Equity 4893,Margin 134 and free margin 4750, how safe I am in this account
This video is hilarious and really depressing at the same time. This is probably the state of 95% of America right now. Although that's probably bad news for financial stability with a gold or silver standard, it's good news for the Forex market. This guy is trying his darndest to sell silver dollars for a single Federal Reserve note. The only person to take him up on the deal has no idea what he's buying and just buys it as a collector's item while he's on vacation from Europe.
Is there a forex guru who can advise me exactly what reading, videos etc. to concentrate on so as to get a comprehensive all-round forex trading knowledge?
It's been a while Forex peeps. There's a lot happening in the financial markets, as always. If you're getting discouraged, don't let it get to you. There are still opportunities out there to make some decent money as an investor or trader. You just have to do your homework and be very selective. Right now, the USD seems to be a bit of a safe haven for Forex traders. People are scared to do much of anything other than buy T-bills and pull the blanket up over their heads crying. Don't get discouraged and don't be afraid to get out there and try new things.
i have been following the news recently and how it affects currency prices,but i was surprised to find out that a high u.s job data resulted in the strenghtening
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