Showing posts with label Forex. Show all posts
Showing posts with label Forex. Show all posts
Wednesday, November 25, 2009
Deutschland And France will be heading The Recovery In The Euro Zone
t seems that the growth in the eurozone in the third quarter, after the acceleration in the two largest economies in the euro area, Germany and France, witness the 50% of the economy in the euro area has witnessed. In the second quarter, left Germany and France, the recession after recording a positive growth of 0.3%, caused contraction in the euro zone slightly to 0.2% from 2.5% in the first quarter thanks to the wise intervention of the ECB and the national European governments. The ECB cut the benchmark interest rate of 1% and started buying bonds worth 60 billion euros from 6 July in order to revive the economy and assisting them with liquidity. The relaxation of quantitative methods also to the increase in liquidity in the markets and raising the general level of prices. In addition, on 29 September forward, they offered more liquidity to banks, the lending and spending. Also participated in the global recovery in the back of rising demand for goods and services. As we know, Germany is the largest exporter in the world in 2008, and it relies heavily in its growth in sales overseas. To increase the recovery of global demand growth in the third quarter. According to the German Statistical Office, exports and investment in equipment and construction were the catalysts for the expansion in the third quarter. Also contributed to the increase in imports to growing changes in stocks, while private consumption is drawn on the other hand, the growth down. German Chancellor Angela Merkel plans launched 85 billion euros in order to reduce the economy in addition to the taxes and to create momentum for the purchase of new vehicles to promote revive. The gigantic economy in the euro zone is a strong sign of recovery and is on the right track. Private consumption tend to be promoted as a result of restored confidence, which increases the individual to consume more goods and services, government infrastructure spending, and exports showed an improvement from the second quarter. All of theses factors contributed to the abolition of the growth in the largest economy in the euro zone. Growth widened in the third quarter as from the first reading came in at 0.7% compared with the advanced 0.3%, which was revised 0.4% indicated. On the year, facilitating the abbreviation for the working-day adjusted reading of -4.8% from the revised decline of 5.8% contraction. What is the annual non-seasonally adjusted reading, the contraction to 4.7% over the revised decline moderated from 7.0%. IW economic institute projects of the German economy to shrink 4.5% in 2009, before to 1.5% next year. In France, the first reading of GDP for the third quarter remained at 0.3% was similar to the expansion of the second quarter. In the years, the reading showed a decline in the contraction to 2.4% from the revised decrease of 2.9%. Growth remained as to the quarter and contraction moderated over the year, but the French economy showed no acceleration of the German economy. A look into the details, the exports exceeded imports, as it increased by 2.3% over the quarter, while household consumption, the largest contribution to the French economy remained in third quarter as 0.3% heavy. On the other hand, investment fell by 1.4% from 1.2% fall recorded in the second quarter posted.
Sunday, November 22, 2009
RBI zero-cost facility in forex
The Reserve Bank of India (RBI) on Wednesday moved to ease zero-heating or cost structures to ensure greater transparency in forex trading in derivatives. Since importers and exporters allowed to write "covered call and put options, both in foreign currency rupee and cross currency and receive awards in the same currency, RBI feels these facilities should withdrawn with immediate effect .
Therefore, in order to provide further clarity in this context, a monthly statement from the customer on the booked amounts and the value in the past, which filed the central bank.
RBI wants to ensure that all controls are in place and all the details of the transaction were disclosed. The company must also ensure that an annual certification is given to its board of directors, and all derivative transactions are approved and the board is aware of the same are, "said a source.
In addition, a joint declaration must also be that the derivatives risks are adequately hedged between the parties.
Is "In the past, when the fraud took place in foreign exchange derivatives, it is when considering that the underlying documents by fax or email, in some cases was found. So go ahead, make sure each bank must that given a certificate by an auditor on an annual basis, "said the source.
Source added that the banks have also set the level of exposure hedged with other banks, especially if protection is to be declared done in parts.
Talking about the product properties, it was removed from the complex structured products, and with a plain-vanilla cross-currency option at the time of creation is allowed to happen.
Such a public bank in the country had secured a seven-year-rupee liability for 7%, moved to yen, which appreciated strongly against the dollar later, and thus citing losses.
Premiums should be determined in a transparent manner and options can not be combined with other derivative products, said the source.
The RBI in its draft on foreign exchange derivatives is said that banks can hedge their risks from the movement of the gold price and currency, assets and liabilities.
"The banks are allowed to implement adequate internal controls, risk monitoring and management systems and an assessment of the market mechanism are in a foreign currency rupee options book, requires the prior approval of the RBI walk," it said.
Banks and companies can and then cancel their forward contracts, provided they give their information on the exposure.
Therefore, in order to provide further clarity in this context, a monthly statement from the customer on the booked amounts and the value in the past, which filed the central bank.
RBI wants to ensure that all controls are in place and all the details of the transaction were disclosed. The company must also ensure that an annual certification is given to its board of directors, and all derivative transactions are approved and the board is aware of the same are, "said a source.
In addition, a joint declaration must also be that the derivatives risks are adequately hedged between the parties.
Is "In the past, when the fraud took place in foreign exchange derivatives, it is when considering that the underlying documents by fax or email, in some cases was found. So go ahead, make sure each bank must that given a certificate by an auditor on an annual basis, "said the source.
Source added that the banks have also set the level of exposure hedged with other banks, especially if protection is to be declared done in parts.
Talking about the product properties, it was removed from the complex structured products, and with a plain-vanilla cross-currency option at the time of creation is allowed to happen.
Such a public bank in the country had secured a seven-year-rupee liability for 7%, moved to yen, which appreciated strongly against the dollar later, and thus citing losses.
Premiums should be determined in a transparent manner and options can not be combined with other derivative products, said the source.
The RBI in its draft on foreign exchange derivatives is said that banks can hedge their risks from the movement of the gold price and currency, assets and liabilities.
"The banks are allowed to implement adequate internal controls, risk monitoring and management systems and an assessment of the market mechanism are in a foreign currency rupee options book, requires the prior approval of the RBI walk," it said.
Banks and companies can and then cancel their forward contracts, provided they give their information on the exposure.
Saturday, November 21, 2009
India forex reserves and gold reserve
India forex reserves and gold reserve
It is estimated that approximately 15,000 tons of gold are privately held in India, more than twenty - five times as large as the official Hoard 558 tonnes after the RBI's recent purchase of 200 tonnes from the International Monetary Fund (IMF). In a year's Gold by 53 percent, estimated from $ 742 to $ 1134 one ounces in international markets. In view of this step instead of the value of the country's private gold reserve, the highest in the world, from $ 357 billion to $ 547 billion, company has jumped from an increase of $ 190 billion (RS 7.64 lakh crore).
India's forex reserves rose of 1,667 billion U.S. dollars to 262,306 billion U.S. dollars, ended for the week May 29
Reserves had risen terminated by U.S. $ 6 billion for the week May 22 Following in front of 1734 billion U.S. dollars in the week. Foreign currency, jumped up during the week to 251,456 billion U.S. dollars, up to 1291 billion U.S. dollars, compared to 250,165 billion U.S. dollars in the previous week. Foreign currency expressed in U.S. dollars include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, place) in reserves, RBI said in its weekly report yen. The country's gold reserves during the week went up to 9604 billion U.S. dollars compared to 9231 billion U.S. dollars in the previous week, while the special drawing rights (SDRs) remained unchanged at 1 - million-dollar, state-the central bank said. India's reserve position in the International Monetary Fund (IMF) rose to 1245 billion U.S. dollars compared to 1242 billion U.S. dollars in the previous week, RBI said.
Wednesday, November 18, 2009
India should closely monitor forex reserves'
India should closely monitor forex reserves.
India should closely monitor the currency reserves at 248 billion U.S. dollars in 2008-09-Booth 309 billion compared with U.S. dollars in the year prior period, TC Venkat Subramanian, Chairman and Managing Director of Export Import Bank, said.
India should closely monitor forex reserves.
Provision of the convocation address here yesterday at Thiagarajar School of Management, Subramanian America for the global economic crisis, the debt and said it proved "toxic acid for the U.S. economy."
India should closely monitor forex reserves.
He said the Economic Meltdown began in America and as its imports fell, it started effect on the economies of other countries, including Japan and the European Union. American people had borrowed heavily for their homes, without a focus on savings.
Negative savings rate in this country things even worse, made an impact on the financial system, "he said. He said falling remittances from Indian workers by 10-15 percent, are likely
The forex inflows from foreign direct investment, stock markets and foreign institutions had to fall from 64 billion U.S. dollars to 13 billion U.S. dollars. However, he said, would revive the IT companies by 2010 by cutting costs..
Pakistan's forex reserves ease to $14.46 bln
Pakistan's forex reserves to accelerate $ bln 14:46
Pakistan's forex reserves to accelerate $ bln 14:46
KARACHI, Oct 15 Reuters - Pakistan's foreign reserves and facilitated at 14:46 billion U.S. dollars in the week to October 10 compared with 14.75 billion U.S. dollars the previous week, ended the central bank said on Thursday.
Reserves by the State Bank of Pakistan held fell to 10.89 billion U.S. dollars from 11:17 billions of dollars a week earlier, while those of commercial banks held at 3:57 billion dollars compared with 3.58 billion U.S. dollars a week earlier, were the central bank said in a statement.
Pakistan's forex reserves to accelerate $ bln 14:46
Foreign exchange reserves hit a record high of 16.5 billion U.S. dollars in October 2007 but fell steadily to 6.6 billion U.S. dollars to import through November last year, mainly because one BOM Soaring.
However, reserves the right to an International Monetary Fund (IMF) emergency loan package to help 7.6 billion of U.S. dollars in the balance of payments crisis and avert the bank agreed to November.
The IMF, the loan to 11.3 billion U.S. dollars in July, raised has paid a total of 5148 billion U.S. dollars.
Pakistan's forex reserves to accelerate $ bln 14:46
Nepal forex reserves rise by 33.3 percent
Nepal forex reserves rise by 33.3 percent
KATHMANDU: Nepal's central bank, Nepal Rastra Bank said Monday country's gross foreign exchange reserves stood at Rs 283.4 billion, a rise by 33.3 per cent in mid-May 2009 in comparison to mid-July 2008.
In a statement issued here the central bank said in the same period year, such reserves had risen by 19.3 per cent last.
On the basis of the U.S. dollar, gross foreign exchange reserves rose by 15.4 per cent to $ 3.6 billion in mid-May 2009. "Such reserves had gone up by 15.5 per cent in the same period of the previous year," the statement said.
The current level of reserves is adequate for financing merchandise imports over 12.4 months and merchandise and service imports over 10.1 months. A major contributor to the increase in foreign reserve is remittance. "Under transfers, workers' remittances soared by 55.5 per cent in the review period compared to a growth of 35.5 per cent in the same period of the last fiscal year," it said.
In the first ten months of the current fiscal year, NRB mopped up Rs 11.7 billion of net liquidity through open market operations. Of the total liquidity of Rs 20.7 billion mopped up in the review period, Rs 7.5 billion was mopped up from outright sale auctions and Rs 13.3 billion from reverse repo auctions.
"Despite a substantial injection of liquidity through foreign exchange intervention in the review period, a liquidity of Rs 9.0 billion has been injected through repo auctions in the seventh and eighth months of the review period on account of a shortfall in liquidity - particularly due to a higher cash balance of the government with NRA and a higher expansion of currency in circulation in the review period, "it said.
Net liquidity of Rs 4 billion was mopped up in the corresponding period of the previous year through open market operation including Rs 6.5 billion through outright sale auctions, Rs 6.6 billion through reverse repo auctions and Rs 9.0 billion through repo auctions.
In the review period, NRB injected net liquidity of Rs 121.5 billion by net purchase of $ 1.6 billion from commercial banks through foreign exchange intervention.
"A net liquidity of Rs 76.6 billion had been injected through a net purchase of $ 1.2 billion from commercial banks in the corresponding period of the previous year," added NRA.
Period at elevated inflow of remittances necessitated such a substantial amount of intervention in the foreign exchange market in the review.
NRB purchased Indian currency (IC), worth 59.9 billion through the sale of $ 1.3 billion in the review period. IC48.3 billion had been purchased through the sale of $ 1.2 billion in the corresponding period a year ago.
A depreciation of Nepali currency vis-à-vis the U.S. dollar encouraged import from India against the payment of CAP and, therefore, a higher dollar amount of CAP purchase was made as against a sale of the U.S..
Nepal forex reserves rise by 33.3 percent
Tuesday, November 17, 2009
India & Pakistan FOREX
India and Pakistan FOREX
current Euro currency price Pakistan
FXstreet.com (Buenos Aires) - EUR / USD Current Price: 1.3637. Euro won the upside risks after risk appetite returned some of the market, and reached above resistance at 1.3665 early in the last report. Indicators seem rather flat in the hour, even greater time frames is further upside bias and propose a first confirmation come after the price breaks above the resistance. ? Long term trading will depend on the price reaction at the 1.3740 area, where we have measured the 38.2% Fibonacci retracement of 1.60 ~ weekly
Pakistan's record current account deficit reduced to 606 million U.S. dollars in July from 1:18 billion dollar deficit last year, said the State Bank of Pakistan Wednesday.
The central bank said a decline in imports and increase in overseas remittances led to a contraction in the current account deficit in July.
Pakistan recorded a current account deficit of 8.86 billion U.S. dollars last year.
Pakistan's record current account deficit reduced to 606 million U.S. dollars in July from 1:18 billion dollar deficit last year, said the State Bank of Pakistan Wednesday. (Market News from RTTNews available)
Pakistan's July Current Account Deficit Narrows From Last Year
Pakistan's current account in July of last year Narrows
Pakistan's record current account deficit reduced to 606 million U.S. dollars in July from 1:18 billion dollar deficit last year, said the State Bank of Pakistan Wednesday.
The central bank said a decline in imports and increase in overseas remittances led to a contraction in the current account deficit in July.
Pakistan recorded a current account deficit of 8.86 billion U.S. dollars last year.
Pakistan's record current account deficit reduced to 606 million U.S. dollars in July from 1:18 billion dollar deficit last year, said the State Bank of Pakistan Wednesday. (Market News from RTTNews available)
Forex is shifted one interbank market, the shape of global trade in 1971 at fixed exchange rates increased, these floating around. This is a series of transactions among forex market agents with exchange of specified sums of money in a currency unit, all given nation for currency of another nation with an agreed rate for any given date. While Exchange, the exchange rate of one currency into another currency defined simply: by supply and demand - exchange to agree on which both parties.
Closed markets prevent arbitraging
While severe price discrepancies exist between the values of shares listed on each exchange, the closed nature of the markets prevents arbitraging that would bring parity to the various valuations.
Analysts say the next logical step would be a merger of the A and B markets, and some years down the track the opening up of the yuan to foreign exchange markets.
"We don't expect to see the yuan traded on the open markets for at least five to 10 years," says Ong. "That means the liquidity on the Chinese markets will be less like it is in Hong Kong than, say, Malaysia, where the ringgit is also a closed currency.
Analysts say the next logical step would be a merger of the A and B markets, and some years down the track the opening up of the yuan to foreign exchange markets.
"We don't expect to see the yuan traded on the open markets for at least five to 10 years," says Ong. "That means the liquidity on the Chinese markets will be less like it is in Hong Kong than, say, Malaysia, where the ringgit is also a closed currency.
Concerns persists over market
Concerns persists over market transparency
There are still concerns about how transparent China's markets are, how easily it seems some people can manipulate them, but this is clearly a step in the right direction."
Analysts say they expect an influx of local cash will boost liquidity in the slow market, which had been shunned by the foreigners it was originally designed for. They expect share prices to jump as much as 20 to 30 percent when trading resumes.
The reform of the China B share market is seen as a move to prepare the domestic stock markets for broader foreign access after China joins the World Trade Organization, probably this year.
Most China B-listed companies also have A shares, and many A and B companies have shares listed on the Hong Kong stock exchange, known as H shares.
Shares on the H market have an average price-to-earnings ratio of 11.5 times, while B shares have an average P-E ratio of 21.8 times and A shares a ratio of 60.5 times.
There are still concerns about how transparent China's markets are, how easily it seems some people can manipulate them, but this is clearly a step in the right direction."
Analysts say they expect an influx of local cash will boost liquidity in the slow market, which had been shunned by the foreigners it was originally designed for. They expect share prices to jump as much as 20 to 30 percent when trading resumes.
The reform of the China B share market is seen as a move to prepare the domestic stock markets for broader foreign access after China joins the World Trade Organization, probably this year.
Most China B-listed companies also have A shares, and many A and B companies have shares listed on the Hong Kong stock exchange, known as H shares.
Shares on the H market have an average price-to-earnings ratio of 11.5 times, while B shares have an average P-E ratio of 21.8 times and A shares a ratio of 60.5 times.
Brace for a wave of new traders
Brace for a wave of new traders, say analysts
Analysts say the number of traders set to buy into the China B market could be enormous, with estimates that there is as much as $70 billion in hard currency held in private bank account in China.
China has two types of hard currency B shares -- one traded in U.S. dollars on the Shanghai stock exchange and the other in Hong Kong dollars on the southern Shenzhen bourse.
Other observers say the rush to trade China B shares could be muted, since some estimates say that up to 90 per cent of China B shares are already owned and traded by local Chinese investors.
"They may have exploited any number of loopholes to be holding hard currency, or they may have permission to hold hard currency and trading the shares legally," said Hong Kong-based Li Lian Ong, an economist with the Macquarie Bank.
Despite this, Ms Ong and other observers have welcomed the move on China's part of open up its share markets.
Analysts say the number of traders set to buy into the China B market could be enormous, with estimates that there is as much as $70 billion in hard currency held in private bank account in China.
China has two types of hard currency B shares -- one traded in U.S. dollars on the Shanghai stock exchange and the other in Hong Kong dollars on the southern Shenzhen bourse.
Other observers say the rush to trade China B shares could be muted, since some estimates say that up to 90 per cent of China B shares are already owned and traded by local Chinese investors.
"They may have exploited any number of loopholes to be holding hard currency, or they may have permission to hold hard currency and trading the shares legally," said Hong Kong-based Li Lian Ong, an economist with the Macquarie Bank.
Despite this, Ms Ong and other observers have welcomed the move on China's part of open up its share markets.
Forex controls to curb black market
Forex controls to curb black market currency trade
"Foreign exchange controls are needed to curb illegal forex trade in the black market and maintain market order," it said.
"They're trying to reel in the illegal channels, otherwise that will create fund flows . . . that could be out of control," said Joseph Tang, head of China research at Sun Hung Kai Investment Services in Hong Kong.
The yuan on the black market, which spiked after the B share opening, was announced to as high as 8.70 from a normal level of around 8.50, had already begun retreating on Thursday.
The joint statement said investors could open trading accounts with brokerages from Monday. On Wednesday, Shanghai investors opened 1,125 B share accounts -- a three-year high.
Investors in cities from Beijing in the north to the southern boomtown of Shenzhen flocked to brokerages.
Companies listed on the China B market boast a total market value of little more than $8 billion, compared with the $600 billion value of the China A market, which is off limits to international investors.
"Foreign exchange controls are needed to curb illegal forex trade in the black market and maintain market order," it said.
"They're trying to reel in the illegal channels, otherwise that will create fund flows . . . that could be out of control," said Joseph Tang, head of China research at Sun Hung Kai Investment Services in Hong Kong.
The yuan on the black market, which spiked after the B share opening, was announced to as high as 8.70 from a normal level of around 8.50, had already begun retreating on Thursday.
The joint statement said investors could open trading accounts with brokerages from Monday. On Wednesday, Shanghai investors opened 1,125 B share accounts -- a three-year high.
Investors in cities from Beijing in the north to the southern boomtown of Shenzhen flocked to brokerages.
Companies listed on the China B market boast a total market value of little more than $8 billion, compared with the $600 billion value of the China A market, which is off limits to international investors.
Forex laws to limit China
Forex laws to limit China B share rush
China will soon begin trading hard currency B shares, but only under tight controls aimed at curbing illegal money trading.
State-owned media said Thursday a suite of foreign exchange controls -- designed to avert a stampede to buy illegal hard currency for B share trading -- would remain in place until June.
The announcement of the controls follows China's statement that Chinese investors would for the first time be allowed to trade hard currency China B shares, which were previously tradable only by international investors.
The China B share market, which is much smaller than the China A share market, will re-open on Monday after a week long suspension designed to allow for the China A and China B exchanges to prepare for a new wave of traders..
The foreign exchange controls state that until June 1, Chinese investors may only use foreign exchange savings deposited before February 19, the Shanghai Securities News quoted a joint statement by stock market and foreign exchange regulators as saying.
Tuesday, October 6, 2009
Forex trading, Interbank Broker, Managed accounts, Swiss FX trading ...
Foreign exchange currency trading is a risky business with much to lose and much to gain. As a professional forex broker and personal trader, I have realized the fast profits this market can reap, while witnessing the dog-eat-dog nature of the beast, in which buyers lose their shirts every minute.
Whether you are a forex trader or just curious about forex currency trading, you owe it to yourself to separate the wheat from the chafe. The Internet is awash in foreign exchange currency trading websites whose sole existences are dependent upon ignorant forex investors. From get-rich-quick forex software schemes to free forex training, forex educational seminars, free forex signals, forex forums, and more, the fraudulence that surrounds the fx trading market is frightening.
Forex trading is very different from the U.S. stock market. The major differences include:
•Forex has no central exchange
•Forex trading can be done around the clock
•Forex has no overseeing regulatory commission, such as the SEC
The forex market is a wild, open arena without rules, laws, or a governing body. No one cares if your money is taken. No one will lose any sleep if you’ve been lied to. There are no repercussions if you’re treated unfairly. Investors trade at their own risk and have no legal recourse to enforce justice.
I know. I’ve been there. The scammers have burned me more than once. In an attempt to further my own knowledge, I fell for the magical software sales pitches and followed the crooked paths to the stolen treasures, only to be let down ad nauseam.
I served my time as a forex broker, which was an eye-opening experience. I heard and saw the manipulation of client profits that was business as usual. It quickly shifted my interest in trading and brokering forex to that of protecting forex traders. I redirected my efforts from studying daily forex signals to researching forex websites. I was determined to devise a resource on which forex investors could rely for honest, fair information exchange
...............
Whether you are a forex trader or just curious about forex currency trading, you owe it to yourself to separate the wheat from the chafe. The Internet is awash in foreign exchange currency trading websites whose sole existences are dependent upon ignorant forex investors. From get-rich-quick forex software schemes to free forex training, forex educational seminars, free forex signals, forex forums, and more, the fraudulence that surrounds the fx trading market is frightening.
Forex trading is very different from the U.S. stock market. The major differences include:
•Forex has no central exchange
•Forex trading can be done around the clock
•Forex has no overseeing regulatory commission, such as the SEC
The forex market is a wild, open arena without rules, laws, or a governing body. No one cares if your money is taken. No one will lose any sleep if you’ve been lied to. There are no repercussions if you’re treated unfairly. Investors trade at their own risk and have no legal recourse to enforce justice.
I know. I’ve been there. The scammers have burned me more than once. In an attempt to further my own knowledge, I fell for the magical software sales pitches and followed the crooked paths to the stolen treasures, only to be let down ad nauseam.
I served my time as a forex broker, which was an eye-opening experience. I heard and saw the manipulation of client profits that was business as usual. It quickly shifted my interest in trading and brokering forex to that of protecting forex traders. I redirected my efforts from studying daily forex signals to researching forex websites. I was determined to devise a resource on which forex investors could rely for honest, fair information exchange
...............
THE site for forex trading. Online currency trading w/ real time execution. Free forex charts & quotes; forex training
Symbols on American Money
Paper money has circulated in America at least as far back as colonial times. But how did American currency come to look the way it does? What do all the symbols on our money mean?
Symbolism on the One Dollar Bill
Look at the image of perhaps the world's most instantly recognizable paper money — the $1 U.S. Federal Reserve note. What does it mean to you? Despite our familiarity with this particular currency note, many of us have never looked closely at its design and symbolism. As you'll learn as you read on, American currency displays many significant symbols. Once you know what they mean, you may never look at your money in quite the same way.
$1 Federal Reserve notes
Perhaps the most universally renowned symbol to appear on American paper money is front and center on our $1 Federal Reserve notes. George Washington, our nation's first president, is a nationally recognized symbol of unity and trust. But he was not always there.
The $1 legal tender note, issued by the United States during the Civil War, was the first widely circulated U.S. $1 bill (see below). It features Salmon P. Chase, Secretary of the Treasury. Symbolism was very much on the minds of Treasury officials when they were contemplating the design for the Treasury seal (in red on the left side of the note below). They decided that the number of spikes surrounding the Treasury seal should equal the number of states in the Union, which was 34 before the start of the Civil War. A problem arose because seven states had seceded from the Union by February 1861 and four more left in April of that year. However, the patriotic Treasury viewed the situation as temporary and proceeded to include 34 spikes on its seal. The note shown below was issued in 1862.
world's most profitable market/bussiness
The world's most traded market, open 24 hours a day
With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.
Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.
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Basics of Forex Fundamental Analysis
Basics of Forex Fundamental Analysis
In order to make Forex trading strategy, most Forex traders rely on analysis such as fundamental analysis. Forex Fundamental Analysis is a type of market analysis that uses market trends to determine the future value of a particular currency in the FX market. Fundamental analysis gives us an overview of currency movements based on economic, political, environmental, other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the financial instrument. Forex fundamental analysis strategies require a basic understanding of supply and demand since it provides information how political and economical events influence the currency market. It is about looking at the intrinsic value of an investment. In other words, its application entails looking at the economic conditions that affect the valuation of a nation's currency.
The basis of fundamental analysis is mainly on the political and economic changes as these can frequently affect currency prices. Thus, traders are most likely to gather information from news sources to determine unemployment forecasts, political ideologies, economic policies, inflation, and growth rates. Traders keep an eye on the figures and statements given in speeches by important politicians and economists, as well as announcements related to United States economy and politics. Speeches from prominent people like the Chairman of the Federal Reserve Bank of USA, Secretary of Treasury, President of the Federal Reserve Bank of San Francisco and so on.
It is known that if there is a decrease in supply but the level of demand remains the same, there will be an increase in market prices. On the other hand, if there is an increase in supply, it produces the opposite effect. Thus, fundamental analysts study the supply and demand for the country's currency, products or services, quality management, government policies, past and forecast of performance, future plans and all the economic indicators like Gross Domestic Product (GDP), industrial production, interest rates, international trade, CPI, durable goods orders, PPI, PMI and retail orders. When all data is gathered from these studies, the analysts will construct a model that will check the current and estimated value of a currency against another. Analyst will then decide whether the currency ought to rise or fall after estimating the intrinsic value and comparing it to the current exchange rate.
In summary, Forex fundamental analysis focuses on what ought to happen in a market. Factors involved in price analysis include supply and demand, seasonal cycles, weather, and government policy. Thus, the fundamentalist studies that cause of market movement. Fundamental analyst needs to know a particular market intimately. In practice, traders use fundamental analysis in conjunction with technical analysis to determine a Forex trading strategy, fundamental analysis is considered to be the opposite of technical analysis
In order to make Forex trading strategy, most Forex traders rely on analysis such as fundamental analysis. Forex Fundamental Analysis is a type of market analysis that uses market trends to determine the future value of a particular currency in the FX market. Fundamental analysis gives us an overview of currency movements based on economic, political, environmental, other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the financial instrument. Forex fundamental analysis strategies require a basic understanding of supply and demand since it provides information how political and economical events influence the currency market. It is about looking at the intrinsic value of an investment. In other words, its application entails looking at the economic conditions that affect the valuation of a nation's currency.
The basis of fundamental analysis is mainly on the political and economic changes as these can frequently affect currency prices. Thus, traders are most likely to gather information from news sources to determine unemployment forecasts, political ideologies, economic policies, inflation, and growth rates. Traders keep an eye on the figures and statements given in speeches by important politicians and economists, as well as announcements related to United States economy and politics. Speeches from prominent people like the Chairman of the Federal Reserve Bank of USA, Secretary of Treasury, President of the Federal Reserve Bank of San Francisco and so on.
It is known that if there is a decrease in supply but the level of demand remains the same, there will be an increase in market prices. On the other hand, if there is an increase in supply, it produces the opposite effect. Thus, fundamental analysts study the supply and demand for the country's currency, products or services, quality management, government policies, past and forecast of performance, future plans and all the economic indicators like Gross Domestic Product (GDP), industrial production, interest rates, international trade, CPI, durable goods orders, PPI, PMI and retail orders. When all data is gathered from these studies, the analysts will construct a model that will check the current and estimated value of a currency against another. Analyst will then decide whether the currency ought to rise or fall after estimating the intrinsic value and comparing it to the current exchange rate.
In summary, Forex fundamental analysis focuses on what ought to happen in a market. Factors involved in price analysis include supply and demand, seasonal cycles, weather, and government policy. Thus, the fundamentalist studies that cause of market movement. Fundamental analyst needs to know a particular market intimately. In practice, traders use fundamental analysis in conjunction with technical analysis to determine a Forex trading strategy, fundamental analysis is considered to be the opposite of technical analysis
The Basics of Forex Technical Analysis
The Basics of Forex Technical Analysis
Technical analysis is one of the two methods of analyzing Forex; fundamental analysis is the other. These two methods are very important in the Forex trading by forecasting the variations of the Forex market, prediction of the price and the movement of the market. Although technical analysis and fundamental analysis differ greatly, they both predict a price or movement. In this article, Forex technical analysis will be analyzed in detail.
Technical analysis is a method of forecasting price movements and future market trends through the study of past market action which take into account price of instruments, volume of trading and open interest in the instruments. Unlike fundamental analysis, technical analysis is focused with what has actually happened in the Forex market, rather than what should happen. There are certain technical analysis tools such as the relative strength index (RSI), which is a price-following oscillator that ranges between 0 and 100; the Elliott waves method, which deals in the prediction of the market movement by the study of wave patterns over a period of time; the parabolic SAR methodology, in which the prices are examined and compared to stop and reversal numbers which are an indication of entry points and exit points for any Forex trade; the stochastic oscillator, which shows the over bought or oversold currencies on a scale of 0- 100%; and gaps, which denotes the spaces on the bar chart that none of the trading takes place.
Technical analysts are confident that historical performance of stocks and markets denote future performance. They use charts and other tools to identify patterns that can suggest future activity. They do not attempt to measure a security's intrinsic value. They study the price and volume movements. And they create charts from that data. A technical analyst would rather sit on a bench in a certain mall and watch people going into the store. He decides basing on the activity of people going into each store. But if he is a fundamental analyst, he would rather go to each store and study the products on sale. Later he decides whether to buy or not. In other words, technical analysts disregard the intrinsic value of the products in the store. From the point of view of technical analyst, anyone can gain the profit by posing himself in the trend direction. Consequently, they use different patterns in order to create the price chart that will suit the future market and the price would follow the pattern.
In summary, Forex technical analysis focuses on what actually happens in the market. The charts are based on market action involving price, volume and open interest. It is always focused with the pricing and time factors rather than the factors affecting the market. Thus technical analysts study the effects, not the cause of market movement.
Technical analysis is one of the two methods of analyzing Forex; fundamental analysis is the other. These two methods are very important in the Forex trading by forecasting the variations of the Forex market, prediction of the price and the movement of the market. Although technical analysis and fundamental analysis differ greatly, they both predict a price or movement. In this article, Forex technical analysis will be analyzed in detail.
Technical analysis is a method of forecasting price movements and future market trends through the study of past market action which take into account price of instruments, volume of trading and open interest in the instruments. Unlike fundamental analysis, technical analysis is focused with what has actually happened in the Forex market, rather than what should happen. There are certain technical analysis tools such as the relative strength index (RSI), which is a price-following oscillator that ranges between 0 and 100; the Elliott waves method, which deals in the prediction of the market movement by the study of wave patterns over a period of time; the parabolic SAR methodology, in which the prices are examined and compared to stop and reversal numbers which are an indication of entry points and exit points for any Forex trade; the stochastic oscillator, which shows the over bought or oversold currencies on a scale of 0- 100%; and gaps, which denotes the spaces on the bar chart that none of the trading takes place.
Technical analysts are confident that historical performance of stocks and markets denote future performance. They use charts and other tools to identify patterns that can suggest future activity. They do not attempt to measure a security's intrinsic value. They study the price and volume movements. And they create charts from that data. A technical analyst would rather sit on a bench in a certain mall and watch people going into the store. He decides basing on the activity of people going into each store. But if he is a fundamental analyst, he would rather go to each store and study the products on sale. Later he decides whether to buy or not. In other words, technical analysts disregard the intrinsic value of the products in the store. From the point of view of technical analyst, anyone can gain the profit by posing himself in the trend direction. Consequently, they use different patterns in order to create the price chart that will suit the future market and the price would follow the pattern.
In summary, Forex technical analysis focuses on what actually happens in the market. The charts are based on market action involving price, volume and open interest. It is always focused with the pricing and time factors rather than the factors affecting the market. Thus technical analysts study the effects, not the cause of market movement.
U.S. Non-Farm Employment Change To Dominate Today’s Trading.....forex
U.S. Non-Farm Employment Change To Dominate Today’s Trading.....
Today’s U.S. Non-Farm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the publication of German Industrial Production at 10:00 GMT. The results of today’s data are likely to determine the USD’s trend going into next week’s trading.
12:30 U.S. Non-Farm Employment Change• This indicator reflects the change in the number of employed people during the previous month, excluding the US farming industry.• The indicator typically creates a volatile trading environment, affecting not only the USD crosses but also the value of Crude Oil and Gold.• Disappointing results could send the EUR/USD pair above the 1.4500 resistance level.• Traders may find good opportunities to enter the market following this vital release, and probably the most important announcement of the month.
Tips on Crude Oil
• Oil prices were practically unchanged at yesterdays during close, as the black gold dropped from yesterday’s highs.• A rebounding Dollar put pressure on Oil as investors moved away from riskier assets and into safe-haven currencies.
• As for today, the economic figures coming out of the U.S. and Europe are likely to impact the volatility of oil prices. Special attention to U.S Non Farm Payrolls at 12:30 GMT.
Today’s U.S. Non-Farm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the publication of German Industrial Production at 10:00 GMT. The results of today’s data are likely to determine the USD’s trend going into next week’s trading.
12:30 U.S. Non-Farm Employment Change• This indicator reflects the change in the number of employed people during the previous month, excluding the US farming industry.• The indicator typically creates a volatile trading environment, affecting not only the USD crosses but also the value of Crude Oil and Gold.• Disappointing results could send the EUR/USD pair above the 1.4500 resistance level.• Traders may find good opportunities to enter the market following this vital release, and probably the most important announcement of the month.
Tips on Crude Oil
• Oil prices were practically unchanged at yesterdays during close, as the black gold dropped from yesterday’s highs.• A rebounding Dollar put pressure on Oil as investors moved away from riskier assets and into safe-haven currencies.
• As for today, the economic figures coming out of the U.S. and Europe are likely to impact the volatility of oil prices. Special attention to U.S Non Farm Payrolls at 12:30 GMT.
technical analysis in forex
What is Technical Analysis? Technical analysis attempts to forecast future price movements by examining past market data. Most traders use technical analysis to get a "big picture" on an investment's price history. Even fundamental traders will glance at a chart to see if they're buying at a fair price, selling at a cyclical top or entering a choppy, sideways market. Technical analysts make a few key assumptions:
All market fundamentals are reflected in price data. Moods, differing opinions, and other market fundamentals need not be studied.
History repeats itself in regular, fairly predictable patterns. These patterns, generated by price movements, are called signals. A technical analyst's goal is to uncover a current market's signals by examining past market signals.
Prices move in trends. Technical analysts believe price fluctuations are not random and unpredictable. Once an up, down or sideways trend has been established, it usually will continue for a period. Get in and get out - at the right time Traders rely on price charts, volume charts and other mathematical representations of market data (called studies) to find the ideal entry and exit points for a trade. Some studies help identify a trend, while others help determine the strength and sustainability of that trend over time. Technical analysis can add discipline and minimize emotion in your trading plan. It can be hard to screen out fundamental impressions and stick with your entry and exit points as planned. While no system is perfect, technical analysis helps you see your trading plan through more objectively and dispassionately. Price chart types Bar chartsThe most common type of chart showing price action. Each bar represents a period of time - a "period" as short as 1 minute or as long as several years. Over time, bar charts show distinct price patterns. Candlestick chartsInstead of a simple bar, each candlestick shows the high, low, opening and closing price for that period of time it represents. Candlestick patterns provide greater visual detail as they develop. Point & figure chartsPoint & figure patterns resemble bar chart patterns, except Xs and Os are used to mark changes in price direction. Point & figure charts make no use of time scale to associate a certain day with a certain price action. Technical indicator types TrendTrend indicators smooth price data out, so that a persistent up, down or sideways trend can be easily seen. (Examples: moving averages, trend lines) StrengthStrength indicators describe the intensity of market opinion on a certain price by examining the market positions taken by various market participants. Volume or open interest are the basic ingredients of strength indicators. Volatility"Volatility" refers to the magnitude of day-to-day price fluctuations, whatever their directional trend. Changes in volatility tend to anticipate changes in prices. (Example: Bollinger Bands) CycleCycle indicators indicate repeating market patterns from recurrent events such as seasons or elections. Cycle indicators determine the timing of a particular market pattern. (Example: Elliott Wave) Support/resistanceSupport and resistance describes the price levels where markets repeatedly rise or fall and then reverse. This phenomenon is attributed to basic supply and demand. (Example: Trend Lines) MomentumMomentum indicators determine the strength or weakness of a trend as it progresses over time. Momentum is highest when a trend starts and lowest when the trend changes. When price and momentum diverge, it suggests weakness. If price extremes occur with weak momentum, it signals an end of movement in that direction. If momentum is trending strongly and prices are flat, it signals a potential change in price direction. (Example: Stochastic, MACD, RSI)
All market fundamentals are reflected in price data. Moods, differing opinions, and other market fundamentals need not be studied.
History repeats itself in regular, fairly predictable patterns. These patterns, generated by price movements, are called signals. A technical analyst's goal is to uncover a current market's signals by examining past market signals.
Prices move in trends. Technical analysts believe price fluctuations are not random and unpredictable. Once an up, down or sideways trend has been established, it usually will continue for a period. Get in and get out - at the right time Traders rely on price charts, volume charts and other mathematical representations of market data (called studies) to find the ideal entry and exit points for a trade. Some studies help identify a trend, while others help determine the strength and sustainability of that trend over time. Technical analysis can add discipline and minimize emotion in your trading plan. It can be hard to screen out fundamental impressions and stick with your entry and exit points as planned. While no system is perfect, technical analysis helps you see your trading plan through more objectively and dispassionately. Price chart types Bar chartsThe most common type of chart showing price action. Each bar represents a period of time - a "period" as short as 1 minute or as long as several years. Over time, bar charts show distinct price patterns. Candlestick chartsInstead of a simple bar, each candlestick shows the high, low, opening and closing price for that period of time it represents. Candlestick patterns provide greater visual detail as they develop. Point & figure chartsPoint & figure patterns resemble bar chart patterns, except Xs and Os are used to mark changes in price direction. Point & figure charts make no use of time scale to associate a certain day with a certain price action. Technical indicator types TrendTrend indicators smooth price data out, so that a persistent up, down or sideways trend can be easily seen. (Examples: moving averages, trend lines) StrengthStrength indicators describe the intensity of market opinion on a certain price by examining the market positions taken by various market participants. Volume or open interest are the basic ingredients of strength indicators. Volatility"Volatility" refers to the magnitude of day-to-day price fluctuations, whatever their directional trend. Changes in volatility tend to anticipate changes in prices. (Example: Bollinger Bands) CycleCycle indicators indicate repeating market patterns from recurrent events such as seasons or elections. Cycle indicators determine the timing of a particular market pattern. (Example: Elliott Wave) Support/resistanceSupport and resistance describes the price levels where markets repeatedly rise or fall and then reverse. This phenomenon is attributed to basic supply and demand. (Example: Trend Lines) MomentumMomentum indicators determine the strength or weakness of a trend as it progresses over time. Momentum is highest when a trend starts and lowest when the trend changes. When price and momentum diverge, it suggests weakness. If price extremes occur with weak momentum, it signals an end of movement in that direction. If momentum is trending strongly and prices are flat, it signals a potential change in price direction. (Example: Stochastic, MACD, RSI)
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