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Random article: Interrelation between benchmark interest rate and currency rate

Central Bank applied base rate to impact on the economy. In what way? If interest rates grow, the economic activity becomes slow and inflation gets down . If interest rates is declined, then economic activity is fostered due to less cost of credit. That is to say, if other things being equal Australian benchmark rate is higher than Canadian (both currencies are considered to be recourse-based and if the price of raw material is stable, both economies have more or less equal conditions), then in this currency pair Australian dollar will rise in price whereas Canadian will get cheaper. AUD deposit will provide more profit in percentage than CAD does and that will boost demand for the currency with a higher percentage on deposit.

What are the stories of the people who defined path of stock trading? Jesse Livermore, Larry Williams, Bill Williams forex, William Gann elaborated plenty of ideas for market which are still vital for our modern stock online trading. Gann, one of the most enigmatic and legendary traders in the world. He was born on June 6 of 1878 and died on June 18, 1955. His personality was surrounded by rumors including the opinion that he was a mason and a very rich person and an absolutely opposite opinion that the last years of his life he lived upon the income obtained from tutoring his apprentices and died in poverty; there are no reliable facts proving one or another opinion. At the same time, there are irrefutable facts proving his public transactions brought him good returns in the lifetime of Mr. Gann. This outstanding trader elaborated several instruments of technical analysis well-known to everyone as Gann angles, square 4, circle 360. His theory relies upon geometry and astrology. Gann was able to predict price and date of reversal within the accuracy one 1 day. Ralph Nelson Elliott, a famous American financier, the author of Elliot waves theory. He was born on July 28 of 1871 year and died in January of 1948. From 1929 year, at the age of 58 he withdrew from business because of illness and, in order to find an occupation within the breaks of attacks of illness, he devotes himself to studying stock markets. By May 1934 results of Mr. Elliot's observations had started to form an overall picture and on August 31 of 1938 year his first book “ The Wave Principle” was published.

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