Mark Carney, the governor of the Bank of Canada, pointed out that the rise in commodity prices isn’t just part of the economic cycle, but a significant change that has a good basis. He sees the boom in commodity prices lasting for years. Carney also said: One challenge for Canada, a major producer of oil, … “USD/CAD Set to Fall as Carney Sees More Rises in”
Category: Forex Bits
Saif Al-Islam Wants to Leave Libya?
Saif Al-Islam Gaddafi, one of the sons of Libyan ruler Mummar Gaddafi reportedly wants to leave Libya and end the war. Gaddafi is part of big group of senior Libyan who are trying to negotiate a safe exit through several European channels, and countries such as Austria, Britain and France. Saif Al-Islam has been of … “Saif Al-Islam Wants to Leave Libya?”
Myanmar Earthquake sends USD/CHF Down
A serious 7.0 magnitude earthquake has hit northeast Myanmar (Burma). The epicenter of the quake was close to Myanmar’s borders with Laos and Thailand. The earthquake, that was felt as far as Bangkok, Thailand’s capital, joins all the other global fears and sends traders to the Swiss franc, yet again. USD/CHF made a fresh fall … “Myanmar Earthquake sends USD/CHF Down”
Grad Missile In Rishon Lezion Marks Fresh Mid East
A Grad rocket hit the southern tip of the big Israeli city of Rishon Lezion, a suburb of Israel’s main financial center, Tel Aviv, and part of Israel’s biggest metropolitan area. The missile, fired from the Gaza strip, has reached the northernmost point so far, further north of any rocket fired during the Gaza was … “Grad Missile In Rishon Lezion Marks Fresh Mid East”
Khamis Gaddafi Killed? Could be a Turning Point
There are unconfirmed reports that Khamis Gadaffi, the son of Libyan ruler Muammar Gaddafi, was killed during the recent fighting in the the country’s civil war. Some reports claim that young Gaddafi, the commander of the “Khamis brigade” was killed by an air strike made by the international coalition. Other reports state that a suicide … “Khamis Gaddafi Killed? Could be a Turning Point”
French Planes Strike Libya
Following the UN’s decision to authorize air strikes in Libya, the French air force is see in the skies of Libya, and they probably began striking targets. In the 36 hours that followed the decision by the UN Security Council in New York, Gaddafi has declared a ceasefire, but his forces continued to advance rapidly … “French Planes Strike Libya”
Forex Trib Launches Forex Bookstore
The new forex site, FrexTrib, continues to expand and introduce new features. They now launch an online bookstore dedicated to forex books. The variety contains both technical and fundamental aspects among others. Here are more details: 18th 2011 – In its search to bring more added value to forex traders, Forex Trib (ForexTrib.com) introduces its … “Forex Trib Launches Forex Bookstore”
FXCM Wishes to Buy Forex Brokers
Drew Niv, the CEO of FXCM, declared that he wishes to use the company’s vast amount of cash in order to acquire forex brokers. With growing regulation, it will be hard for small brokers to operate. Big brokers have the resources to deal with the regulation, and they can enjoy the growing popularity of forex … “FXCM Wishes to Buy Forex Brokers”
Fear Radiation Will Reach the US
The situation in Japan’s troubled Fukishima nuclear reactors isn’t improving. There are fears that the radiation from the plants will not only hurt Japan, but will also cross the Pacific and reach the United States.Nuclear radiation might eventually reach Europe as well. This won’t be in dangerous levels like in Japan (and especially in the … “Fear Radiation Will Reach the US”
Protests in Qatar, UAE and Saudi Arabia Feared
The situation in Bahrain is deteriorating quickly. The intervention of forces from Saudi Arabia and the United Arab Emirates could hit these countries, as well as hit Qatar, the home of Al-Jazeera. All these countries have significant Shiite populations. Iran, that is blamed for fueling the Shiite protests in Bahrain, might push the Shiites in … “Protests in Qatar, UAE and Saudi Arabia Feared”