Euro up to $1.4727 in European morning trade

Obama gets an

By: BiodunIginla

Tuesday, October 20, 2009 by Melissa Gruz, reporting from Washington for the BBC's Biodun Iginla

about 1 month ago

The forex market uses margins to increase your profits

By: nkbaxi

Forex is a nickname for the foreign exchange, a vast market of trading in which the commodity is money itself. In the forex market, traders are buying and selling foreign currencies -- trading dollars for euros, pounds for yen, and so forth.   Forex is profitable because national currencies fluctuate from day to day based ...

about 1 month ago

Will Arab countries stop using dollar in oil trading?

By: picez

The dollar’s future as the world’s top currency was thrown into doubt.Arab state­s had launched secret moves with China and Russia to stop using the greenback for oil trading. Arab states have launched moves with China, Russia, Japan and France to stop using the dollar for oil trades, but this was denied by Kuwait. The ...

about 1 month ago

Oil lower in Asian trade

By: hasnain

SINGAPORE: As investors of oil has taken profit so  prices went to highest level in Asian tradeOil was lower in Asian trade .It should be known that New yourk's main contract,light sweet crude for december dropped 54 cents to 79.96 dollars a barrel.Dollar slumped, boosting the appetite of investors holding stronger foreign currencies, and New ...

about 1 month ago