Mlava

Early on in Treasury Secretary Timothy Geithner’s tenure, he piqued the attention of online forex traders when he suggested that China was manipulating the yuan. However, it now appears that Geithner has revised his previous attitude and no longer claims evidence of yuan manipulation. Those who follow online forex trading have wondered if this is [...]

In mid March, the Bank of Japan (BOJ) released a bleak economic outlook for Japan, saying that conditions have deteriorated significantly and are likely to continue to deteriorate. Exports, business fixed investment, and corporate profits have decreased, while unemployment is on the rise. Consequently, the BOJ said, production declined at a much faster pace. In [...]

As China’s $585 billion stimulus package begins to take effect, the third-biggest economy is showing some signs of recovery. According to recent estimates, China’s economy could expand 6.6% in the second quarter after slowing to 6.3% in the three months to March 31, reports Bloomberg. Like most other major economies, China has been battling high [...]

In line with other Asian authorities’ attitudes towards online forex trading, Japan has not intervened in the forex market to help the yen appreciate. In fact, Japanese monetary authorities have not ventured into the forex market since March 2004, when 30 trillion yen ($315.1 billion) was spent to stem the yen’s appreciation. As a result [...]

Trying to learn forex and follow world economies in the recent months has revealed a strong trend towards large-scale government rescue efforts. Yet another country has announced a stimulus plan to buttress its weak economy. In addition to Japan and South Korea, China is planning a $586 billion stimulus plan designed to boost consumer spending [...]

During October’s maelstrom of volatility in stock and online forex trading, Asian authorities spent billions of dollars to prop up their currencies, but now policy makers are beginning to favor some currency depreciation in order to remain competitive in the global market. The International Monetary Fund has forecast that in 2009, the economies of the [...]

Following Japan’s lead, South Korea, whose failing currency has been the subject of much forex news in the past few months, has announced a stimulus package equaling 14 trillion won, or about $11 billion. As South Korea, like so many countries around the world, becomes further entrenched in the global credit crisis, the economic outlook [...]

In early September, we reported that the Japanese government was considering a billion-dollar stimulus package to ease citizen relief from high food and fuel prices, as well as keep the Japanese economy afloat. The stimulus package is now official, and at 27 trillion yen ($275 billion), it’s a significant move to help the world’s number [...]

When you start to learn forex psychology, it becomes clear that the “glass half empty” school of ideology prevails. Although China’s forex reserves are the world’s largest at $1.9 trillion as of September 2008, the focus lately has been on the fact that the overall growth rate has slowed this year due to global economic [...]

In August, we reported that South Korea’s forex reserves had shrunk more than $10 billion to brush a 15-month low. One explanation for the drop off was that officials were selling off their holdings in hopes of stabilizing the won and steadying inflation. Recently, however, the won reached a four-year decline, making it one of [...]