KUALA LUMPUR, June 15 (Bernama) — The ringgit was slightly higher against the U. The ringgit was mixed against other major currencies. Against the pound sterling, the ringgit appreciated at 6. This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA. read more

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Henry Paulson at the Fed and company know it’s not time to rock the boat when there’s $415 trillion of derivatives in the market, predicated on low volatility and smooth sailing in the “global” economy. We all must bow down to the “global” economy and bend over to the mantra of “free trade”. No matter that China restricts all kinds of access to Western goods and services – and counterfeits the heck out of those it lets in. Yes, I know it’s impolite to criticize China for they are all goodness and light in the eyes of the intelligentsia who are already well ensconced with real assets there and have many other major deals pending. So much so that it has plenty left over to place with a key intelligentsia member named Blackstone – and maybe some others we don’t know about. There are no signs the Bank of Japan has entered the market for a very long time – it hasn’t needed too. read more

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Legal disclaimer and risk disclosure iFOREX is in the business of teaching analysis of forex trends, and proposing potential trading signals – not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. The staff at iFOREX is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX employees. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. read more

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