Tag: 2008

The 2008 year was a memorable one for many worldwide. It saw the global economic recession, Beijing hosting the Summer Olympics, the first African-American president elected in the US, and the iPhone 3G launching to start the app revolution. 2008 was a time of change and transition, with the advent of social media and digital streaming. For businesses, it was a time to shift from traditional marketing methods to SEO-based strategies to stay competitive. SEO tactics like keyword research, content optimization, and link building made 2008 the year for brands to start up or revamp their online presence. With the right techniques, 2008 was a time of immense potential for SEO success.

Financial

Global Financial Crisis 2008: Understand Impact of Forex Trading

By Simon Cristian
September 14, 2023

5 min read

The Global Financial Crisis of 2008 was a major shock to the world’s financial markets. The crisis was caused by a combination of several factors, including tight credit, excessive government borrowing, an over-inflated housing market, and instability in the foreign exchange (forex) markets. The crisis spread quickly across the globe, causing bankruptcies, foreclosures, and declines in the stock markets. It had a major impact on the forex market, causing increased volatility and high trading volumes. This resulted in some of the most significant price swings in the history of the global markets.

Financial

2008 Financial Crisis: Impact on Forex Trading

By Gustavo Nils
September 11, 2023

5 min read

The 2008 global financial crisis had a dramatic impact on the forex (foreign exchange) markets. Exchange rates for many major currencies, such as the Euro and the US Dollar, shifted drastically in the aftermath of the crisis as investors flocked to “safe haven” currencies such as the yen and Swiss franc to avoid risk. The volatility of the market caused exchange rate spreads between currency pairs to widen, resulting in increases in both transactional costs and foreign exchange risks for institutions and individuals who conducted business in foreign currencies.

Financial

2008 Financial Crisis: Effects on Forex Trading

By Lena K. Bradley
August 11, 2023

5 min read

The 2008 financial crisis was one of the most devastating downturns in world economic history. The most significant factor in this crisis was the collapse of the global Forex (foreign exchange) market. Banks and financial institutions faced a rapid decline in liquidity and credit availability, bringing a cascade of bankruptcies and defaults. The ensuing market turmoil had far-reaching implications, resulting in a cascade of global economic recession. The effects of this crisis were felt across all sectors of industry, with particular devastation being brought to the export markets, tourism and investments in the developing nations. Governments around the world had to step in and implement a series of corrective measures and reforms to avoid a complete derailment of the global economy.