Tag Archive | "Bank of New York"

FOREX VIEW:Dollar Could Firm Within Existing Ranges Next Week

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While that the changes that has taken place will likely hold, with traders that are waiting for fresh incentives so that currencies could be pushed in new directions, as the summer vacation season begins to reduce trading flows and volatile trading is possible.

Key events that could have their effects on currency markets next week include the summit meeting of leaders from the Group of Eight countries in Italy which would begin from Wednesday.

forex

On one side the negative correlation between equities and commodities markets and on the other side the U.S dollar that has in recent months governed currency trading will likely remain in play, although it’s not anticipated that it will generate enough momentum to push any of the major currencies out of recent trading ranges.

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Hard And Soft Credit Inquiries, And How One Hurts Your Credit Score

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There are two types of inquiries that a company may make into your credit record,i.e. “‘hard inquiry” or “soft inquiry”.

If a company makes a  hard inquiry into your credit record,it will damage your credit score temporarily.Your credit score may be damaged only by a hard inquiry while a soft inquiry does not affect your credit score. Excessive_Credit_Checks

If you are planning to get a mortgage or you need a car loan then in this situation even a few points difference in your credit score cannot be ignored and this small difference in your credit score may magnify into a considerably big change. So we need to know that how can we decide whether the inquiry is going to be “hard” or “soft”?

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February 2012
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