Last week, Goldman Sachs released a statement which suggested that the Turkish Central Bank should increase rates if it didn’t wish the Turkish lira (TRY) to become subject to selling pressure when exchanging currency with forex.
This Thursday the Central Bank of the Republic of Turkey will meet together to consider its regulation and monetary policies options and recommending the public in Turkey to learn what is forex.
Currently, Goldman Sachs believes the bank will not increase rates above 6.25% or amend any of its bank’s capital adjustments. Consequently, Goldman Sachs has …

Stock markets in Canada will be getting more pressure from the introduction of the S&P/TSX 60 VIX on the market through a partnership between the world’s largest stock index generator and TMX Group Inc, which runs the stock markets in Montreal and Toronto.

The new S&P/TSX 60 VIX will give a rank of how changeable the Canadian stock market is every month with the help of the firms on the S&P/TSX 60. The S&P/TSX 60 VIX will be introduced on the markets on October 18th 2010.
The VIX index is tagged …

The US currency achieved its lowest value since December last year against a host of major currencies on Friday after many investor concerns about new interference measures that are scheduled to be implemented by the US Federal Reserve.

The Fed chief Ben Bernanke will be making an announcement at 1215 GMT and will give more information on the new measures that will be implemented to help eradicate challenges being faced by the US economy. Inflation figures in the US will also be made public at 12:30 GMT and could help …

Trade contractors in Texas have been given some good news after the Builder Agent Network expanded their policies to make them eligible for their insurance policies in addition to general contractors and homebuilders.

 
BAN operates as a mediator between many insurance firms through its agents to offer insurance policies to workers in the building sector. The new policies for trade contractors include General Liability, Property, Equipment, etc.
Anne Sheahen, V.P of BAN stated that their company with the help of its agents has now made world-class insurance available to workers in …

It was almost 2 decades ago, Peter Diamondwas lecturing in front of graduate students and he was in sandals with socks and the only thought that came to my mind was that he looked crazy.

I was so happy when I heard that Peter Diamond in addition to two other economists Moretensen and Pissarides had been honored with the Nobel Prize earlier in the day. Diamond was one of the most intelligent economists I came across in my time on the MIT campus as all his economic papers were very …

Studies have shown that the satisfaction levels of consumers have improved a little this year than the previous one after the new Credit Card law was signed last year. However credit card services have one of the most unsatisfactory levels in relation to American consumers with about 55% saying that they have one issue or another with the various credit card companies.

The study which was undertaken three months ago also showed clearly that Americans have reduced their credit card debt levels compared to last year with a new average …

The Euro has not been appreciating its value against the dollar as much as other major currencies such as the yen, the Franc and the Australian Dollar which achieved the biggest gain one more time into around 0.9900. The reason for the Australian currency’s skyrocketing value is the unexpectedly high employment figures that were posted by the government.

As a result of the Australian currency’s good performance, many investors have already bought high volumes of it and new investors should be careful on buying more volumes of the currency. The …

The US currency declined on Wednesday to sell at its lowest value for the past 8 and half months against a couple of major currencies in the world as well its lowest price against the yen for the past 15 years.

Statements by Fed President Charles Evans that the US Central bank should put in more measures to boost the economy have ignited rumors that the Federal Reserve will interfere in the markets in November.
The value of the dollar index declined by 0.13 percent after losing 77.60 which was a …

The value of the euro increased rapidly on Tuesday against the dollar after reports that many Asian investors were buying the euro resulting in the American currency getting its lowest price against the euro in 8.5 months.

The value of the yen also depreciated after information that the Japanese central bank is ready to interfere in the markets to help weaken the yen’s value which was having a major negative impact on the Japanese economy.
Many experts believe that the announcements were not enough to temporarily reduce the yen’s value against …

The American dollar started increasing its value on Monday after going downhill for a couple of days due to investors being worried about the strength of the euro zone currency.

Even though the US Federal Reserve made its intention of interfering in the markets known, worse news from Ireland, Portugal and Greece made more impact on the markets.
It’s expected that the Irish economy will now decline after initial anticipation of little growth according to the Irish central bank on Monday. Currency traders started releasing their long positions after the Euro …