Category: Forex Bits
Ras Lanuf Battles Boost Oil Prices
The civil war in Libya is still far from over. Ras Lanuf, a coastal town between the big cities of Tripoli and Benghazi is one of the focal points of fighting at the moment. This port town sends a significant amount of Libya’s oil to the world. Currently the rebels are still in control of
Double Dip Recession in the UK? The King Warns
Mervyn King, governor of the BoE warned that Britain may face another financial crisis. King expressed his concerns over the banking system. He gave a rather rare interview to the Telegraph. Here are some quotes: “We’ve not yet solved the ‘too big to fail’ or, as I prefer to call it, the ‘too important to
Saudi Day of Rage Pushes Oil Prices Higher
This Friday is expected to see a fresh wave of protests in Saudi Arabia. A “day of rage” is planned in the Al-Ihsaa province an area which is rich in oil and also populated by the Shiite minority. Also in Al-Hufuf, close to Bahrain, demonstrations against the Saudi monarchy are expected. These aren’t the first
DragonOptions – A new Binary Options White Label From SpotOption
After selling one of their white labels a few weeks ago, SpotOption continues to create more – DragonOptions enters the Russian market as the latest company from SpotOptions. The binary options market is growing quite fast. For more details, here’s the official press release. SPOTOPTION EXPANDS PORTFOLIO WITH NEW WHITE LABEL, DRAGONOPTIONS Leading Binary Options
Canadian GDP Surprises – USD/CAD Falls
Canadian GDP for the month of December rose by 0.5%, higher than 0.3% that was expected. This sets a nice close for Q4 2010 and for the whole year. The Canadian dollar drops below 0.9750 after this news. Canada’s current account showed a deficit of 11 billion, higher than 9.4 that was predicted, but lower
Top Forex Traders on Twitter
BabyPips ranked the top forex traders on Twitter. In the list of 11 FX traders for 2011, my friend and colleague Casey Stubbs came in second. I’m certain he deserves to be No. 1. Casey is very active and very helpful on Twitter as he is on his own site. The big advantage in Twitter
China GDP Growth Target Lowered to 7%
In another effort to cool down the economy, the Chinese prime minister Wen Jiabao has lowered the growth target for 2011 to 7%. Jiabao was speaking in an online chat on Saturday. He said that: The 7 percent target would be part of the 2011-2015 five-year plan to be approved by the national legislature next
Gaddafi to Zimbabwe? Libyan Opposition Closes on Tripoli
Libyan ruler Muammar al-Gaddafi might soon flee from his country. Events are moving fast in Libya – the opposition rebels are taking over more and more cities close to Tripoli, a new government has been formed and recognized, and Gaddafi’s family might be left with only one friend: Robert Mugabe of Zimbabwe, that allegedly sent mercenaries to
Saudi Protests Threaten Oil Prices
Demonstrations began spreading to Saudi Arabia: In Jeddah, youngsters took the streets and demanded reform. The Youth for Change movement is inspired from the young people in Egypt, which are nearby. On the other side of the huge oil producing country, another type of uprising began: Shiites, a minority in Sunni Saudi Arabia, have shown their solidarity
Automated Mirror Trading Launched by Signal Trader
Signal Trader, from the founders of ForexPros, launched automated mirror trading Signal Trader partnered with FXCM, Gain Capital and Ava FX for enabling automatic trading. This is another tools for copying trades of other traders, similar to what Currensee does. Similar to Currensee, the accounts that can be followed are real live account. Different than