| Royal Forex Trading Announces Launch of New Dynamic Website ...
Leading online currency trading company, Royal Forex Trading, LLC is pleased to announce the re-launch of their website with many new features making online currency trading even easier for both new and existing clients. Boca Raton, FL (PRWeb) April 3, 2007 -- Royal Forex Trading, LLC (RFXT) provides an online trading platform for individuals and institutions that want to speculate on the exchange rate between two currencies. In doing so, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor. RFXT is hoping to give new and existing clients an even better currency trading experience with a re-launch of their website. One of the most interesting additions to the new website is the ability for clients to download RFXT's new foreign exchange software program, called MetaTrader and Mobile Trader 4 (to be used with PDA, and other small screen mobile devices.) Clients can use the foreign exchange software for excellent, above and beyond regular standards in execution.
Forex trading ‘guru’ indicted
Joel Nathan Ward, 48, of Turlock has been indicted by a federal grand jury in Sacramento on five counts of wire fraud, two counts of mail fraud, and two counts of engaging in a monetary transactions in property derived from specified unlawful activity, a form of money laundering. Mr. Ward, a frequent commentator and seminar speaker on foreign currency exchange (forex) trading, is alleged to have been running an elaborate scam through two of his companies, the Joel Nathan Forex Investment Group of Turlock and Learn: Forex, Inc., a forex trading educational center based in Sacramento. The indictment alleges that Mr. Ward provided investors with monthly statements that purported to reflect their true profits and account balances. In reality, however, he stole the investors funds and, in order to conceal the theft, made Ponzi payments using other investors funds and provided his investors with altered account statements, according to Assistant U.S.
Economic News SUMMARY, March 8
Though Slovakias FOREX market saw lackluster trading on Wednesday and the exchange rate of the Slovak currency oscillated around 34.300 SKK/EUR the crown appreciated after the close of the session. UniBanka dealer Patrik Malec explained that foreign banks especially London ones were buying the Slovak crown in significant volumes, which moved its exchange rate to a new historic high at 34.030 SKK/EUR. The local currency thus rewrote its historic maximum of 34.060 SKK/EUR that it hit two days before the end of last year. Railway Company ZSR does not Plan Layoffs this Year
Railway network operator Zeleznice Slovenskej Republiky (ZSR) that belongs among the biggest employers in Slovakia does not plan any layoffs this year. ZSR spokeswoman Martina Pavlikova says that the number of their employees will go down only due to natural loss caused by people who will retire.
Rupee hits new high against dollar
The rupee surged strongly against the US currency for second straight day and on Tuesday (April 3) ended about 39 paise up at 43.0625/0725 following heavy dollar selling by traders amid suspected intervention by the central bank. In fairly active trade at the Interbank Foreign Exchange (forex) market, the local currency moved between 43.04 and 43.30 during the day after resuming firm at 43.26/28 a dollar. In the first trading session after the Reserve Bank of India (RBI) hiked the repo rates and Cash Reserve Ratio on Friday, traders and foreign banks reportedly sold dollars to take advantage of raised cash rates in the call money market, forex dealers said. The rupee has gained nearly 68 paise in the consecutive two trading sessions. The market remained closed on Monday as banks remained away to make final settlements for the financial year ending March 31.
Flexibility for private sector in forex dealings
KUALA LUMPUR: The further liberalisation of Malaysias foreign exchange administration policies will give the private sector more flexibility in managing foreign exchange transactions, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said. She said although the trading market would be affected by the inflow and outflow of funds, Malaysia would be able to absorb any outflow, given the countrys high reserves. Given a very high level of reserves, we can certainly absorb the outflow and over time, we project significant inflows continuing with export growth estimated at 8% to 9%, she told reporters after the launch of Bank Negaras Annual Report 2006 and the inaugural issue of its Financial Stability and Payment Systems Report 2006 yesterday. Zeti said the inflow of foreign direct investment (FDI) remained significant to date, with the central bank expecting inflows of portfolio funds amidst a positive outlook for the economy. On the relaxation on forex rules, she said the financial sector had always been seen as an enabler of growth in facilitating financing for the private sector. Zeti said liberalisation had, in fact, generated new business opportunities for domestic players, adding that players could issue foreign currency bonds and take part in the property sector more sensibly. On whether the liberalisation was a process towards allowing the ringgit to be traded offshore, she said the central bank would assess the risks and benefits of such a move. These latest changes are quite significant and we will consider other liberalisation (moves) going forward.
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