Some currency pairs often move in one direction. Others - in opposite directions. The relationship of movement of different tools can be used for certain purposes in forex trading. For example, the correlation can be used to diversify Forex portfolio and risks. The correlation is also used to hedge positions. The correlation of the currency pairs shows how unidirectional (or multidirectional) they moved in the past, statistically. The correlation coefficient, a number between -1 and 1, indicates how much foreign currency instruments are...
Billionaire Steven Bresky, 58, has eluded the limelight that usually accompanies great wealth for five years. In 2007, Bresky inherited his father’s 74 percent stake in Seaboard Corp. (SEB), a $5.7 billion commodities trading and cargo shipping company that generated almost a third of its revenue last year slaughtering 5 million hogs. Bresky’s stock is worth $1.7 billion today. For Apple, Pressure Builds Over App Store Fraud In a little over an hour, Ryan Matthew Pierson racked up $437.71 in iTunes charges for virtual currency...
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Airplane cockpits are meant to be the last line of defense from outside aggressors. But what if the threat comes from the cockpit itself? On Tuesday, a JetBlue pilot who was behaving erratically was physically restrained by passengers after his co-pilot locked him out of the cockpit. With chaos in the cabin, the plane, flying from New York to Las Vegas, was forced to make an emergency landing in Amarillo, Tex. Global Takeovers Drop in Quarter as Bankers See Revival Global dealmaking slumped for a third straight quarter as chief executive...
The euro extended a weekly advance against the dollar after German business confidence unexpectedly increased to a nine-month high in April. The shared currency rose for a fourth straight day against the yen amid speculation Group of 20 officials meeting with the International Monetary Fund today will step up efforts to quell Europe’s debt crisis. Japan’s currency was set for a weekly decline against the dollar on bets its central bank will add to monetary easing at its meeting on April 27. IMF Managing Director Christine Lagarde...
