Benefits of an Answering Service
An answering service can help make your business much more satisfying to customers by allowing them to have some sort on communication with your business at any point in the day. Due to the global nature of the business world today, most businesses need to cater to the needs of customers in other countries. Usually,…
Read MoreEUR/USD moves below 1.26
The U.S. dollar moved higher against the euro in today’s forex trading, thanks in part to the announcement that U.S. capital inflows last month had reached their highest level in nearly three years. The euro now stands below $1.26. Two weeks ago, the International Herald Tribune reported on market speculation that the euro could fall…
Read MoreIMF Slashes Growth Forecasts
Forex continues to be predictably grim. Last month, the International Monetary Fund (IMF) slashed its growth forecast for every major country and predicted that the global economy will contract 1.3% this year, although the IMF did issue a sliver of hope that it would grow 1.9% next year, depending on the state of the financial…
Read MoreAnalyst: “The Dollar is No Longer as Good as Gold”
Earlier this month, an AP article painted a bleak picture of the dollar’s current and future status as the world’s reserve currency and the most powerful currency in online forex. The proliferation of stimulus efforts has left analysts worried about both the U.S.’ ability to control its ballooning deficits and the greenback’s position in relation…
Read MoreFirst In, First Out for U.S. Economy
This guest post provided by Sensa. That’s the conclusion reached by this GFT Forex Blog post. The author says that as the first G7 economy to enter recession, back in 2007, the U.S. will also be the first to make a full recovery. The author continues, “The other way to look at the current economic…
Read MoreConsumer Confidence at All-Time Low
The January plunge in consumer confidence to touch an all-time low of 37.7 sparked a rally for the USD in online trading, although GFT Director of Currency Research Kathy Lien called the trend a “reflection of more panic selling and not optimism about US economy.” She cautioned that confidence may not be restored until job…
Read MoreRecession Outlook Grim
Most analysts agree that the dollar’s rally in online forex trading throughout the fall was bound to be ephemeral, and with 2009 underway, the EUR/USD climb back upwards has begun. In December 2008, the dollar was up almost 20% against a basket of currencies, but since then, the weakening forex trend has taken hold as…
Read MoreRisk, Returns, and Regret in Bond Investing
“It’s a conundrum.” This is what ex-Federal Reserve Chairman Alan Greenspan said of the state of long-term interest rates. The situation that exists—with short-term rates getting measured increases, while long-term rates haven’t moved much—is a topic of confusion for many people, not just Greenspan. Now we are concerned with another conundrum: Principal guarantees within bond…
Read MoreRate cuts halt EUR/USD fall
Over the past few days, the euro has finally broken out of its weeks-long slump against the dollar. Federal Reserve Chairman Ben Bernanke announced on Tuesday that the Fed would be taking the unprecedented act of buying three-month commercial paper, and today, central banks around the world made coordinated reductions in the target lending rate.…
Read MoreVietnam Real Estate Market
At a seminar in Hanoi last week, banking officials said the real estate market’s stagnation has increased the risk of default by developers, most of them are not strong enough financially. They said more bad loans would surface if the market continued its stagnancy. It is estimated that 60% of the capital for real estate…
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