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 …

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 …

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 …

The Gross Domestic Product of the United Kingdom achieved a stable growth of 1.2 percent in the period from April to June of this year. The same performance figure was achieved in the first quarter of the year according to the Office for National Statistics.
The new GDP is about 1.7 percent higher compared to the same period last year. Manufacturing industries achieved a productivity of 1 percent just like in the previous quarter while output for utilities decreased by 1.3 percent. Manufacturing output however increased by 1.6 percent. There …

New exchange rates for major currencies such as the US dollar and Euro have been set by the Indian Reserve Bank. Old rates of 60.17 Rupees for 1 Euro and 46.37 Rupees for 1 US dollar have now been scrapped for the new rates of 46.30 Rupees for 1 dollar and 60.14 Rupees for 1 Euro.

As a result of the changes in the US dollar, 1 Pound Sterling is now valued at 72.1933 Rupees and 100 yen is now worth 54.25 Rupees. The announcement was made by the Apex …

The prices of the major currencies in the world are expected not to have any significant changes in the course of the week after the market’s increased stability. However these conditions have been known to lead to random price changes in the past. The markets have never been more stable than the current condition ever since the recession two years ago.

Its unknown how stable the forex market can be and when it will become volatile again but hope that major changes will start occurring in the price levels of …

Many people who invest in the currency markets use the Bollinger Bands extensively due their effectiveness in influencing the financial markets. However many people are confused and desperate to know to what extent the Bollinger Bands work in the investment of the currency markets? We will delve more information here as to how the Bollinger Bands work in several currencies and what can be done to make them work better.

Bollinger bands are not too complex and it just focuses on an average number whilst placing an maximum and minimum …