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Jessica Scott | The Grand Rapids Press Jordan Fazio of Troy, is a member of the Global Risk Management team. He surveys risk in global markets at his desk at the Global Forex Trading, 618 Kenmoor Ave. GRAND RAPIDS TOWNSHIP — One “pip” at a time ...
Publ.Date : Sun, 14 Mar 2010 09:44:00 GMT
(CNN) -- China is bracing for another tough year despite economic growth, but opposes foreign pressure to appreciate the value of its currency, Premier Wen Jiabao said Sunday. "This is going to be the most complicated year for the economy," Wen said ...
Publ.Date : Sun, 14 Mar 2010 13:48:00 GMT
At one point on Monday the Dollar was trading in the red and Gold, which should have shot up, was actually trading roughly 10 dollars lower. As the Day progressed both the Dollar and the Euro were trending upward together, while Gold continued to slide. The story below attempts to provide a reason
Publ.Date : Fri, 12 Mar 2010 21:35:00 GMT
Sen. Charles Schumer (D-N.Y.) blasted China on Friday and said a restriction on the country's currency manipulation is the, "single biggest step," lawmakers could take to boost U.S. jobs. Schumer has been a longstanding critic of China's alleged ...
Publ.Date : Sat, 13 Mar 2010 09:24:00 GMT
Chinese Premier Wen Jiabao on Sunday warned other countries that pressuring China on currency policy was equivalent to protectionism and insisted that the renminbi was not undervalued. Mr Wen said China would continue to reform its currency system ...
Publ.Date : Sun, 14 Mar 2010 16:25:00 GMT
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Internet Forex Trading Currency Trading Signal
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currency Fears Spark New Gold Rush
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Author: The Australian
Global Financial Disaster Results in Gold Rush in Perth
"FEARS of the unknown long-term effects from
the global financial crisis have sparked a new gold rush.
"With retail
and wholesale clients around the world stocking up on the precious metal, the
Perth Mint has been forced to suspend orders.
"As the World Gold Council
reported that the dollar demand for gold reached a quarterly record of $US32
billion ($50.73 billion) in the third quarter, industry insiders said the race
to secure physical gold had reached an intensity that had never been witnessed
before.
"Perth Mint sales and marketing director Ron Currie said the
unprecedented demand had
forced the Mint to cease orders until January,
with staff working seven days a week, 24-hour days, over three shifts to meet
orders.
"He said Europe was leading the demand, with Russia, Ukraine,
Middle East and US all buying -- making up 80 per cent of its sales. One
European client purchased 30,000 ounces for $33 million.
"We have never
seen this before and are working right at capacity. And we are seeing it from
clients in the shop buying one ounce, right up to 30,000 ounces from overseas
clients," Mr Currie said.
"Robert Jaggard, manager of bullion and rare
coins dealer Jaggards, said business had picked up strongly and he expected it
to increase further.
"All around the world there has been a heavy run on
physical gold and there is a shortage of supply," he said.
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