Currencies
As expected, Bank Negara Malaysia (Central Bank of Malaysia) has finally raised its benchmark interest rate by 25 basis points today (May 11). With the increase, the first since the rate reached a record low of 1.75% in July 2020, the effective OPR (overnight policy rate) is now 2.00%. However, at the same time, the […]
... written on May 11 2022China has a huge problem – US$3.2 trillion foreign exchange reserve – the world’s largest reserves. In comparison, Japan, the country with the second largest foreign reserves, has only US$1.4 trillion (as of Feb 2022). China’s foreign assets included more than US$1 trillion in U.S. bonds and huge amounts of real estate, especially hotels and […]
... written on May 06 2022The cryptocurrency market is not the easiest place to work. There are many things to consider, such as volatility, assets, liquidity, news, and more. All of these things require preparation to face the challenges that these digital assets present. In this article, we will share with you some useful tips to help you trade better […]
... written on Apr 28 2022Vladimir Putin has finally made good on his threat to punish “unfriendly countries” that stubbornly and defiantly refused to pay for Russian natural gas in rubles. The first casualties – Poland and Bulgaria – saw their gas supplies cut on Wednesday (April 27), coincides with a sharp rise in tensions between Western powers and Russia as the war in Ukraine enters its […]
... written on Apr 27 2022When Muhyiddin Yassin betrayed the democratically elected Pakatan Harapan and took over as Malaysia’s first backdoor prime minister on Mar 1, 2020, the local currency – Ringgit – plunged from 4.17 to 4.44 within days. It was as bad as during Najib Razak government, during which Ringgit hit a low of 4.50 as the country […]
... written on Apr 26 2022Are you a numismatist? Individuals who find thrill in collecting old and rare coins are constantly on the lookout to add new pieces to their collections. Precious metal companies, including Lear Capital, offer an extensive range of premium gold coins that spark the interest of investors and numismatics. These pieces from the Liberty and Indian […]
... written on Apr 02 2022Is Ukraine, armed with billions of dollars worth of American weapons, really winning the war against Russia? It depends. If you restrict yourself to reading Western news media, then Ukraine is indeed winning. How can Ukrainians not win when the media keep reporting that thousands of Russian helicopters, aircrafts, drones and whatnot are dropping from […]
... written on Mar 31 2022Russia has a brilliant plan to boost its currency, which experienced a sudden collapse after the U.S. and Europe imposed economic and financial sanctions on Moscow due to Ukraine invasion. The “Ruble” plunged to its record low of 151 to a US dollar on March 7. But even before the latest plan is executed, the […]
... written on Mar 29 2022Who will become Malaysia’s next prime minister after the 15th General Election, which does not need to be held till middle of 2023, but is being vigorously pushed by the top leadership of the United Malays National Organization (UMNO)? The political party has just concluded its general assembly, but the competition for the top post […]
... written on Mar 22 2022Binance and eToro are two of the most popular cryptocurrency exchanges in the world. They both offer a wide range of features and services, but which one is better? In this article, we will compare Binance and eToro to see which one comes out on top. Binance is a cryptocurrency exchange that was launched […]
... written on Mar 12 2022
