Tag Archives: cent

Ringgit to remain weak as forex reserves drop

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The Malaysian currency is expected to remain weak due to potential outflow of foreign capital due to the volatility caused by the Eurozone crisis, said RHB Research Institute today. The research house said that the ringgit depreciated by 4.6 per cent against the US dollar in May as compared with a gain of 1.1 per cent in April in line with a drop in foreign exchange reserves as investors turned risk averse and reduced their exposure to Asian assets. Malaysia’s foreign exchange reserves declined by US$0.1 billion or RM0.3 billion in the second half of May to US$136 billion (RM417 billion), after growing by US$0.2 billion or RM0.6 billion in the first half of May. Continue reading

Futures Trading Platform versus Forex Trading Station

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Future Trading Platform and Forex Trading Station are both great investment tools. While the market might be filled with different Future Trading stations with complex strategy forecast and other fancy option, the Forex trade is simpler. Here are some important areas about these two. The Future Trading Platform has been around since late nineties; clearly this is a mature market and the software developed for this can be obtained from many sources and sites. This is complex market to start with; the commodities here include everything from gold, silver, gas, e-share, currencies, and even the grains. The investment in any sector or commodity is quite easy in real time. Continue reading