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Luxembourg Not Certain On Bank Data Exchange Deal

The finance minister of Luxembourg has remarked the country is considering ending its bank secrecy rules by automatically handing over details of bank account holders to other European Union states.

Slovenia Borrowing Costs Rise

At a Treasury bill auction, Slovenia raised far less funding than planned and at higher costs Organization for Economic Co-operation and Development (OECD) said the country may have "significantly" misread the cost of fixing its troubled banks.

NBG-Eurobank Merger Suspended

A finance ministry official of Greece has announced the plan of the National Bank to absorb Eurobank (EFGr.AT) to form the biggest banking group of the country will be suspended until both are recapitalized, and a state bank support fund will decide if they should merge.

New Forex Trading Desktop Application Launched By MahiFX

A new desktop-based version of Forex and precious metals trading platform has been launched by MahiFX, the proprietary-built trading platform that provides retail FX traders with direct access to institutional level execution speeds and spreads.

MahiFX Named ‘Best Trading System’

MahiFX was named as the ‘Best Trading System’ at the 2013 FStech Awards. According to an announcement by MahiFX, the proprietary-built FX trading platform that provides retail traders with direct access to institutional quality execution speeds and spreads, it has been awarded the 2013 FStech Award for ‘Best Trading System’.

Banc De Binary Wins Back-To-Back World Finance Awards

For the second year running, leading binary options firm, Banc De Binary, has been presented with a World Finance brokerage award.

The finance minister of Luxembourg has remarked the country is considering ending its bank secrecy rules by automatically handing over details of bank account holders to other European Union states.
At a Treasury bill auction, Slovenia raised far less funding than planned and at higher costs Organization for Economic Co-operation and Development (OECD) said the country may have "significantly" misread the cost of fixing its troubled banks.
A finance ministry official of Greece has announced the plan of the National Bank to absorb Eurobank (EFGr.AT) to form the biggest banking group of the country will be suspended until both are recapitalized, and a state bank support fund will decide if they should merge.
A new desktop-based version of Forex and precious metals trading platform has been launched by MahiFX, the proprietary-built trading platform that provides retail FX traders with direct access to institutional level execution speeds and spreads.
MahiFX was named as the ‘Best Trading System’ at the 2013 FStech Awards. According to an announcement by MahiFX, the proprietary-built FX trading platform that provides retail traders with direct access to institutional quality execution speeds and spreads, it has been awarded the 2013 FStech Award for ‘Best Trading System’.
For the second year running, leading binary options firm, Banc De Binary, has been presented with a World Finance brokerage award.

After a hard-fought "fiscal cliff" deal that narrowly averted devastating tax increases and spending cuts, President Barack Obama and congressional Republicans face even bigger budget battles in the next two months. The fiscal cliff deal was approved late on Tuesday by the Republican-led House of Representatives and signed by Obama on Wednesday.

Much of the compromise agreement that the autopen of Obama signed into law was targeted at families and individuals. The agreement notably preserved most of the tax cuts that passed under President George W. Bush that were set to expire. This agreement came loaded with...

Forex Articles

  • Best Computer Setup for Day Trading
    08 December 2012 

    If you are clueless as to why trading performance is not as expected, the problem may lie in the type of PC hardware you are using. It is worth noting here that old PC and internet technologies are recipes for...

    Read More >

History of Forex

The concept of foreign exchange or forex in the context of world economy has evolved over a long period of time, let us read about the history of forex and the major events that reformed the world of forex to create and maintain complete awareness about forex history.

The Barter System

In ancient times, trade was based on the barter system at the community level and there was no need for a currency. Under this system, the value of goods was expressed in terms of other goods and these values were measured in different and the exchange was generally unilateral though it was multilateral at times. But since this system had some limitations, various alternatives were developed.

Before we read about these alternatives, let us read about limitations of the barter system.

1. In a barter economy, it is difficult to measure the value of all goods.

2. A barter transaction cannot occur if an individual wants to buy a specific amount of goods belonging to another individual. Since some products cannot be divided due to their intrinsic characteristics, the barter system failed to live up to expectations of the market and its constituents.

3. Some barter economies relied on non-durable and perishable goods that pose a difficulty in storing wealth over a period of time.

The Gold Standard System

Due to limitations of the barter system, a hunt for efficient alternative soon found its answer in gold, the yellow metal. The reasons why the metal became a success was because it was difficult to find new sources of gold, it could not be manufactured or printed, and it was not easily mined and since it was the most ductile and malleable of all metals, gold became the world's preferred choice for exchange. However, the fact that gold is not easy to transport due to its weight, world governments started printing bills or notes.

Bills and Notes

Though bills and notes weigh lighter than their previous counterparts, but governments made a mockery of them by printing more money to pay themselves and...

Forex News

Forex Blog

  • Agreement To Budget Targets A Must For The European Commission said in a statement recently that Portugal must stick to targets agreed with international lenders if it wants more time to repay bailout loans. The constitutional court of... Read More >
  • Asian Shares And Euro Rise On Draft On Monday, Asian shares and the euro rose after European Union sources revealed the President of Cyprus and the EU have agreed the outlines of a rescue deal to avert financial meltdown on the... Read More >
  • New Law Passed By Greece To Spur The Greek parliament has approved a legislation to boost private investment, a key condition to get the crisis-struck country out of its worst-ever peacetime recession. Read More >
  • Five-Year Plan Outlined By Sherbank To The largest bank of Russia has outlined a plan to investors under which the bank, Sberbank, is planning to enhance efficiency while sustaining profits over a period of five years, according to a... Read More >
  • Winning Streak Of Dow Ends On Friday, Wall Street stocks fell as a drop in JPMorgan Chase led to the end of the 10-day rally of Dow Jones industrial average while the United States dollar retreated from a high of seven months... Read More >