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The Trader “Why are you so glum today?” asked Sanjay on seeing his brother Roshan staring at the computer. Roshan hesitated for a moment before replying. “The metals are taking a beating and I am long on gold” he said at last. “Don’t you worry” said Sanjay calmly. “They will recover, they always do.” “But I disregarded your advice and used leverage a couple of times” admitted Roshan after a guilty silence. “You used leverage while trading!” exclaimed Sanjay in dismay, obviously shocked at his brothers actions. “Where, show me?” “Here and here” said Roshan pointing to his charts. Sanjay studied the charts for a while. ”Those seem to be the places where QE3 and QE4 were announced” he said. “The price looks like it might drop still further. I think you had better fund your account before you are margin called.”------------------------------------------------------------------------------------------------------------------------------------------The Currency“Didn't the funds reach your account on time?” Roshan shook his head slowly. “No, I was too late” he said in a low voice. “I don't understand it, each time further Quantitative Easing was announced the US dollar actually seemed t…
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highwayman avatar

Hi Vancho, Sadly Inequalities Are The Hallmark Of The Modern Financial World. We Can See This From The Way The ECB Has Chosen To Handle The Cyprus Situation Which Is Quite Different From The Way They Handled Greece.

highwayman avatar

The IMF Fares No Better Where Major Decisions Require A 85% Majority But As The US Holds A 16.75% Voting Share It Can Veto Any Decisions Which Are Against US Financial Interests :)

100 - 16.75 = 83.25

This Is Why I Hope The Initiative Led By Russia And China For A New Development Bank Will Succeed As It Will Be Based On Equality Where All Members Will Have Equal Rights And Decisions Will Be Taken In A More Democratic Manner :)

xtrader360 avatar

thank you so much..! and best wishes for you..

highwayman avatar

Update 3 - 28 Of The 70 Central Banks Polled By The Royal Bank Of Scotland, Said That They Were Considering Investing In Or Had Already Invested, Part Of Their Reserves In The Chinese Renminbi Because Of Aggressive Monetary Easing By The Fed And The ECB. This Was Considered The Best Alternative After The Australian Dollar, Canadian Dollar, And The Scandinavian Currencies :)

xtrader360 avatar

+1

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It is crucial in FX markets for traders to choose currencies for trading and predict its future in order to be prepared from upcoming events. Azizbek Omorkulov.   With the fear of a global recession looming once again, it would seem that the lessons of a few years ago have not been learnt. The question is though which currency has the ability to replace the USD in case of the dramatic crisis in the US?  Considering the last discussions in Congress of the US regarding the debt ceiling of the country, we can assume that it can turned out to be that the US can meet default in nearest future. However nowadays we do not have a definite currency pretending to replace the USD as reserve currency in FX Markets. Therefore this article analyzes probability of different currencies to become a candidate to play the role of global reserve currency.  Extremely exciting currency for most of traders is EUR. Some traders may say that EUR can replace the USD as reserve currency. But we see that Eurozone have a lot of problems within its territory (Greece, Italy, Portugal), which sometimes become global from local size, because it can even lead to collapse of Euro…
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Livornese avatar
Livornese 15 Sep.

Good analysis and well written! One point from me :-)

quantum_fx avatar
quantum_fx 19 Sep.

Good article! Keep writing!

doctortyby avatar
doctortyby 25 Sep.

Could it be JPY... I don't think so because ating Agencies downgraded Japan too... I strongly believe US dollar will not be replaced, not by any currencies, not by gold or silver (too dangerous)...+1 and keep writing

ritesh avatar
ritesh 27 Sep.

Nice article buddy +1

zumba avatar
zumba 15 Nov.

I am not able to give a like! It's good article

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