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| Visitors Out: 1421 |
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| Dollar Declines in Forex Reserves |
| 2008-01-03 23:40:00 |
What analysts have been warning of for years has finally come to pass: the USD officially occupies a smaller portion of global foreign exchange reserves. According to a recent IMF reports, the fraction of reserves denominated in Dollars has fallen from 66.5% to 63.8% over the last year, with much of the difference offset by a proportional rise in the preponderance of the Euro. Analysts first began sounding alarm bells as early as 2003, when the Dollar fell nearly 15% against the Euro. However, it wasn't until 2006, when China began to accumulate reserves at an ever-increasing rate as its trade surplus exploded while at the same time the USD was tanking, that commentators began paying attention. 2007 brought several anecdotal reports that foreign Centra...
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| Fed to Cut Rates Next Month? |
| 2008-01-02 19:14:00 |
In recent speeches, two high-ranking officials from America’s Federal Reserve Bank gave conflicting indications regarding the likelihood of rate cuts next month. Both officials were deliberately ambiguous in their speeches, though one went so far as to rule out a rate cut while the other hinted at its inevitability. Nonetheless, analysts used the speeches to buttress their conclusion that a rate cut is probable. In fact, the futures market has priced in a 94% chance that rates will be cut by 25 basis points at the next meeting, on December 11. Likewise, it seems a rate cut has already been priced into the USD, which was virtually unaffected by this story. MSNBC reports: On the currency markets, the heightened expectations of a US rate cut cut did litt...
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| Malaysia experiences economic slowdown |
| 2008-01-02 19:13:00 |
Malaysia announced that it expects its economy to grow at only 5-6% this year, down from 7%. Economists attribute the slowdown to a decline in exports. As an emerging economy, Malaysia is heavily depend on exports (especially technology related exports) to fuel economic growth. However, a global decline in IT and technology spending has hit Malaysian exporters especially hard. Even with the artificially favorable exchange rate, maintained at value which experts estimate to be 20% below fair value, exports are declining. Malaysia will be forced to rely on the other factors of GDP if its economy is to grow. The first factor is government spending, which on outlays such as education, agriculture, and health care, ...
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| New currency ETF debuts on AMEX |
| 2008-01-02 19:12:00 |
An exchange-traded-fund (ETF) is similar to an index fund in that both types of securities are designed to track the performance of the index to which they are assigned. The crucial difference, however, lies in the fact that there is no centralized market for mutual funds, whereas ETFs trade on exchanges, and hence, charge lower fees to investors. At first, investment companies were reluctant to create currency ETFs, because they weren’t sure if demand was large enough to justify such products. Since currency trading surged in popularity, a spate of new currency ETFs have been introduced, the newest of which is designed to track the performance of a composite of ten of the world’s most important currencies. Previously, this type of product was...
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| ECB nervous over Euro appreciation |
| 2008-01-02 19:11:00 |
Jean Claude Trichet, president of the European Central Bank, is know for his terse, deliberately vague commentary. This week, he veered slightly away from that modus operandi by speaking out against Euro “volatility” in forex markets. In other words, he has not been delighted by the Euro’s rapid appreciation against the USD. While Trichet indicated that such an appreciation is bad for EU growth, he did not encourage EU governments to attempt to stabilize the currency. Thus, it is not clear how the markets will react to such comments, although if it appears likely that the ECB will alter its monetary policy as a result of the Euro volatility, the markets will certainly take notice. The International Herald ...
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| Interest Rate Story Hurts Pound |
| 2008-01-02 18:58:00 |
The British Pound has been reeling since the Bank of England cut rates at the beginning of this month, from 5.75% to 5.50%. Last week, the minutes for the meeting were released. They revealed that that members of the Bank were growing increasingly nervous about the state of the British economy and are worrying particularly about how fallout from the credit crunch will impact growth. British interest rates are still among the highest in the industrialized world, behind only Australia and New Zealand. Thus, it seems investors are punishing the Pound indirectly for the rate cuts, because of fears concerning the near-term prognosis for the British economy. At the same time, the minutes indicated that members of the Bank were adamant about not lowering rates...
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| Swiss Franc Benefits from Volatility |
| 2007-12-31 21:52:00 |
As the Japanese Yen continues to enjoy the carry trade limelight, another currency fulfilling a similar role has been largely overlooked: the Swiss Franc. While not quite as low as rates in Japan, Swiss interest rates are still extremely modest by international standards. As a result, many carry traders have used the Swiss Franc in much the same way as the Japanese Yen, selling it short in favor of higher-yielding currencies. And, just as the Japanese Yen has begun climbing over the last few months, so has the Swiss Franc. The volatility in capital markets caused by the credit crunch is just as prevalent in forex markets, and is leading currency traders to eschew yield (high interest rates) in favor of stability, which benefits currencies like the Franc. The Economic Times repor...
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| Central Banks Inject Liquidity |
| 2007-12-30 14:35:00 |
After months of delay and perhaps overly wishful thinking regarding the global credit crunch, the world's Central Banks are finally ready to take action. America's Federal Reserve Bank will join forces with the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank as part of a concerted effort to introduce greater liquidity into global capital markets. Under the plan, the Banks will auction off tens of billions of Dollars worth of bonds denominated in their respective currencies, and lend the proceeds to commercial banks. The goal of the plan is to to limit growing risk aversion, which has caused banks to significantly rein in lending. Further, while the move is designed...
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| The Record Rise of the Chinese Yuan |
| 2007-12-29 07:51:00 |
Earlier this week, the Chinese Yuan recorded its highest one-day increase in value in the two years since it was famously revalued against the Dollar. The currency rose nearly .4% and prompted renewed speculation that China's Central Bank will either widen the trading band to .8% or will generally allow the currency to appreciate faster. In fact, the political and economic consensus continues to maintain that the Yuan is not appreciating rapidly enough. While it rose over 6% against the Dollar, for example, it actually lost value to several of the world's major currencies. Furthermore, its decline against the Dollar is less impressive when China's skyrocketing inflation rate and burgeon...
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| Investment Banks Expand into Retail Forex |
| 2007-12-28 21:16:00 |
Forex is becoming hot! Average daily volume has surged past $3 Trillion, as the credit crunch has increased volatility and the Dollar has collapsed. In fact, Saxo Bank, one of the most prominent acts in retail forex trading, may record $500 million in revenue this year. As a result, several of the world's largest investment banks have announced plans to enter the burgeoning retail forex market. Citigroup is teaming up with a Danish bank to offer online currency trading. Deutsche Bank is stepping up marketing of its proprietary retail trading platform. Even Goldman Sachs is entering the fray, via a 10% investment stake in a British retail forex company. However, not everyone is optimistic, reports GulfNews: Some ...
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| Yen Buoyed by Exporters |
| 2007-12-27 20:32:00 |
The Yen has received a nice boost from Japanese exporters, which moved en masse to exchange Dollars for Yen to meet certain year-end financial obligations. The logic is that exporters had owed money in arrears to domestic Japanese producers of the goods and services being exported and needed to be paid in Yen. Such logic could theoretically be applied to exporters in ever country, which would provide the same boost to their respective currencies. However, in addition to being the world's fourth-largest exporter, Japan's economy is unusually dependent on exports. Thus, it is understandable that Japanese exporters could exert such influence on forex markets when entering the market at the same time. Read More: Yen Rises on Speculation Japanese Export...
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| Interest Rate Story Hurts Pound |
| 2007-12-26 14:23:00 |
The British Pound has been reeling since the Bank of England cut rates at the beginning of this month, from 5.75% to 5.50%. Last week, the minutes for the meeting were released. They revealed that that members of the Bank were growing increasingly nervous about the state of the British economy and are worrying particularly about how fallout from the credit crunch will impact growth. British interest rates are still among the highest in the industrialized world, behind only Australia and New Zealand. Thus, it seems investors are punishing the Pound indirectly for the rate cuts, because of fears concerning the near-term prognosis for the British economy. At the same time, the minutes indicated that members of the Bank were adamant about not lowering rates...
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| How to Scalp Effectively in Forex Market |
| 2007-12-25 22:04:00 |
Scalping for small profits is one of the most popular strategies in Forex trading. Scalpers rely on trading regularly and taking consistent small profits. They usually liquidate their trades on the same day. However, the problem with this strategy is that it has the tendency to turn you into a compulsive gambler (especially for beginners). Why did I say that? There are various reasons for leading a new scalper into a compulsive gambler. When a trader turns into a compulsive gambler, he/she will be doom for failure. In this article we will take a quick look at the 2 common reasons for that and discuss on tips to scalp efficiently;1. Addiction to Random ProfitsMost newbie thought that they can make some quick profits by taking small profits in the Forex arena...
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| Discover Forex Futures Trading |
| 2007-12-24 14:29:00 |
The FOREX, FX or foreign exchange market is the place where currencies from one country are traded for the currency of another country. Forex futures trading accounts for a very small percentage of the trillions of dollars that are traded in the forex market on a daily basis.Forex trading strategy involves buying currency whose exchange rate will increase, while simultaneously trading out or selling a less valuable currency. Forex futures trading strategy is basically the same. The difference is that an investor may choose to contract to buy or sell a specific currency at a specific price on a future date.If you are interested in forex trading, you are probably not actually interested in forex futures trading. Not many peo...
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| Forex Training |
| 2007-12-23 03:37:00 |
Forex Training - Pretending to Do It, Or Doing It For Real?Most people who have embarked on foreign exchange trading get hooked! Almost all agree that it's one of the most exciting, if not THE most exciting, forms of trading you can be involved in. Indeed it can give you a real buzz! So can motor-racing or ski-ing. But you wouldn't get in a racing car and start on a Formula One circuit without a few driving lessons first. And it's certainly an idea to get a few ski-ing lessons before embarking on the ski-slopes.Like ski-ing or driving, foreign exchange trading can be dangerous if you don't know what you're doing. But in this case, the danger is to your finances.So how do you obtain Forex training? The best idea is look fo...
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| Forex Scalping Systems |
| 2007-12-22 14:24:00 |
Forex Scalping Systems - Why You Will Lose All Your Money QuicklyWherever you look on the net you will say adverts for forex scalping and day trading systems which promise regular profits that can make you rich but there is a problem, none of them work. This is because forex scalping is based on logic that simply is not correct...The problem of course is prices are determined by humans and I such short time spans as a day you have no way of knowing which way prices are going to go.Millions of traders all using different methods and governed by the emotions of greed and fear cannot be predicted in such short time spans. This means that daily volatility is random, prices can and do go anyw...
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| Forex Trading - 3 Basics |
| 2007-12-22 14:24:00 |
Outlined are three important elements into the Forex Trading System:FirstYou must have a good forex trading system. The forex system should be profitable in the long run and must be easy to implement. It is better if it is of a mechanical nature, allowing little or no discretion or judgment from the traders part. Especially if you are a starting trader, it is important that you follow mechanical hard-and-fast rules: if A=B than do C and D. The reason for this is simple. There are a lot of emotions that come into play when trading forex. If you have a set of rules to follow than you know exactly what to do and no matter what your feelings are telling you, you can ignore them and simp...
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| Foreign Exchange Trading |
| 2007-12-21 14:21:00 |
Foreign Exchange Trading - Techniques and Indicators for Predicting TrendsSo you have become involved in the exciting world of foreign exchange trading, or Forex trading. But perhaps at the moment it doesn't seem so exciting! Maybe you are finding it hard to cope with all the technical jargon and all the complicated stuff that it seems you have to learn.Yes, it does all appear a bit daunting at first. But even if you aren't technical, it's well worth getting your head round it all, as foreign exchange trading can be so incredibly rewarding.One of the things you need to learn in foreign exchange trading is how to predict market trends. That is...
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| Traders Are Flocking To The Forex |
| 2007-12-21 14:20:00 |
The forex, or Foreign Currency Exchange is vast and growing everyday. The forex market is larger than all other markets combined. Literally trillions of dollars are traded daily on the exchange.The forex does not have an actual trading floor. It is made up of a network of banks, they use telecommunication systems, including the internet to conduct all transactions. Because of the accessibility of this market on the internet, it has exploded in recent years.In the past the forex was only for banks to use to monitor the values of various currencies around the world. Back then only the richest people in the world were allowed on this playground, and they made fortunes. With the advent of the Internet, many of the financial markets were opening up more to the p...
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| How To Learn Forex Trading Online |
| 2007-12-20 15:19:00 |
How To Learn Forex Trading Online - How To Learn The Basics Of Forex Trading & Make Faster ProfitsYou may be surprised to learn how easy it is to learn the basics of Forex trading online and how quickly you can make money with Forex, depending on your Forex trading style. This article will explain how incredibly easy it is to learn the basics of Forex trading and how to make fast Forex profits. Keep reading to get instant access to free Forex video tutorials to help you get started.You may have heard of the Forex market and you may have heard about a lot of people who make money with the Forex trading system. Forex trading is also commonly called currency trading. Many people ar...
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| Philippine Peso Dollar Exchange Rate |
| 2007-12-19 05:52:00 |
Forecasting what the Philippine Peso Dollar Exchange Rate would be is not as simple it may look. There are a lot of variables to look out for, the economy, government, news and environmental factors contribute to what the Philippine Peso Dollar Exchange Rate would be for the day. It is govern by supply and demand. When one is in this field of buying or selling dollars, be an importer, exporter, traveller or a currency changer, they will do have a hunch on what the Philippine Peso Dollar Exchange Rate be.The trend most of the time for the Philippine Peso Dollar Exchange Rate to go down is during June and December. Most Oversea Workers send a lot of remi...
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| Trading With a Low 2 Pip Spread Forex Broker |
| 2007-12-18 22:20:00 |
Spread is one of the most important concepts in forex trading. It is the difference between the bid and asking price. While trading forex, you will note that there will be a difference between the current value of the currency and what you pay for it.That is where the forex brokers make their profit. Let us assume that the current EUR/USD price is 1.27237 and your forex broker offering you a 2 pip (percentage in point) spread, then you will pay 1.2739 when you buy. The higher the spread, the higher you pay while buying and the lower you get on selling.Generally, the spread is lower in popular currencies like EUR/USD, USD/JPY, EUR/JPY etc. You will find many brokers who would offer a 2 pip ...
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| Who Cares If The Dollar Is Strong Or Weak? |
| 2007-12-18 22:20:00 |
My wife and I recently spent 10 days in Rome and Venice on our honeymoon and I came to a realization about a mistake I had made when planning our trip. I had forgotten to keep a watch on the foreign exchange rates between the US dollar and the Euro.By the time I realized my mistake it was already too late. My wife and I were positively going to go over our spending budget of $1000 dollars for the trip.The few days before the trip, I started watching the Dollar/Euro conversions trying to figure out how much our spending budget would actually be. I figured that our overall budget would be about €670. At the time of this article, it cost $1.48 to buy 1 Euro.Well, now we have less money than we thought and on top of it all, Italy isn't the cheapest place to ...
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| Forex Trading Plan |
| 2007-12-18 22:19:00 |
The Ideal Forex Trading PlanWhen entering the foreign currency exchange market known as Forex, an investor should have a plan. Forex is the oldest, safest and most lucrative investment market in the world.The Forex Investor is in control of his portfolio at all times. There are few fees in Forex Trading and there is no threat of insider trading.In order to be successful in Forex Trading, an investor will begin by educating himself on the many variables that are inherent to Forex. He should enroll in a reputable course in Forex online and familiarize himself with the currency market by setting up a demo account on one of the many online sites. A demo account does not require any capi...
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| Currency Trading Seminars |
| 2007-12-18 16:08:00 |
A seminar is a workshop conducted with an intention of teaching the audience about a subject. Currency trading seminars are basically helps advise the traders or potential traders about the subject. Seminars could address any issue that affects the market.The forex market is an attractive short-term trading option and, because of its low transaction costs and unmatched liquidity, more and more professional traders are turning to it. However, to understand the nitty-gritty of currency trading, one must attend currency trading seminars conducted by renowned companies like Refco Canada.Currency trading USA conducts seminars and online courses for people who are either currency tr...
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| Currency Trading Course |
| 2007-12-17 12:44:00 |
Finding The Right Currency Trading CourseTo many courses now days spend to much time on the history of Forex foreign exchanges and less time on the practical side to investing. A good currency trading course should dwell on the practical theories and analyses that can help you actually perfect a strategy to make it in the field of foreign currency exchange.A currency trading course should be Open to ideas and recognize, and teach, the fact that there is no one solution to every problem. It must teach you to think on your own and develop your own theories and ideas regarding how to achieve success in the foreign currency market.Practicality dri...
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| The Benefits of Trading The Forex Market |
| 2007-12-16 20:37:00 |
Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to this market for such a long time. Now with the advent of the Internet and technology, FX trading is becoming an increasingly popular investment alternative for the general public. The benefits of trading the currency market: It is open 24-hours and it closes only on the weekends; It is very liquid and efficient; It is very volatile; It has very low transaction costs; You can use a high level of leverage (borrowed money) with ease; and You can profit from a bull or...
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| Investing in Forex |
| 2007-12-15 08:30:00 |
Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategie...
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| Best Forex Trading Course |
| 2007-12-14 13:34:00 |
What is the Best Forex Trading Course Out There?Every successful broker will tell you that knowledge is his or her key to profitable trading. A trader with Forex education has better experience in determining market movements and choosing profitable transactions. Without proper knowledge, you are risking everything you have in the dark. Although you may succeed in a few trades, the odds are that you are going to lose in the end. How do you avoid such losses?The key is finding the best Forex trading course that will enable you to trade knowledgably and avoid disastrous losses. Although tons of information is available online, on books and with plenty...
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| Five Forex Trading Tips You MUST Know |
| 2007-12-13 14:45:00 |
Jumping into Forex trading with both feet? Here are five must-know tips on forex trading and mini forex to help you stay afloat in the Foreign Exchange currency market.Know your forex trading market.Educate yourself about the currencies that you trade. The more you know about the country whose currency you’re trading in the forex market, the more accurately you’ll be able to predict which way the money will move.Pick a forex trading system – and stick with it.Savvy forex traders will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a sy...
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| FOREX-Dollar falls vs euro after Fed cut disappoints |
| 2007-12-12 12:14:00 |
LONDON, Dec 12 (Reuters) - The dollar fell versus the euro on Wednesday after the previous day's quarter-point rate cut from the Federal Reserve disappointed investors hoping for more aggressive action to help the economy and credit markets. The Fed trimmed both the benchmark fed funds rate and the discount rate for lending to banks by a quarter point, to 4.25 and 4.75 percent respectively. Some had expected a bigger discount rate slash to help strained money markets at year-end. "The Fed delivered the bare minimum of what was possible and they didn't reduce the penalty on the discount rate," said Teis Knuthsen, head of FX research at Danske Markets in Copenhagen. "The Fed's actions are consistent with ...
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| Online Forex Trading |
| 2007-12-11 14:00:00 |
Online Forex Trading is Quickly Becoming a Booming BusinessOnline Forex trading is more popular now that most everyone has access to a computer and internet. Unlike the stock exchange, the Forex does not have a particular place for trading to take place. While trading takes place all over the world, online Forex trading makes this process more convenient than ever.Transactions in the Forex are traded very rapidly. The Forex is open around the clock on every business day of the year. Trading begins every morning in Sydney, Australia and as the business day in each country begins, the Forex online trading opens around the world. Online Forex trading allows banks, financial institution...
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| Where to Get Forex Training |
| 2007-12-10 21:36:00 |
For those of you who are interested in forex trading, you may want to start off by getting some good forex training. Forex training is a necessity for anyone with this interest. This is because a lot of money is involved in forex trading. If you don't get some forex training, you are bound to lose a lot of money.Some of you may not even know what forex trading is. If you don't know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.You can get forex training from several different places. The first place you should get forex training from i...
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| Forex Currency Trading |
| 2007-12-10 16:31:00 |
It is possible to buy and sell money from different countries on the foreign exchange market called Forex. Forex currency traders can profit by taking advantage of the dips and swells in the foreign currency market. Capturing these differentials is easier in Forex Trading">currency trading than in other trading because the Forex market is open twenty-four hours a day, except for weekends, and it is global, so there are always buyers and sellers available. The traders can be diverse. They can be traders looking for short-term gains, such as day traders or slightly longer investment periods, or they can be foreign investors who are looking to hedge their ...
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| Forex Broker |
| 2007-12-09 16:42:00 |
A broker is any person or firm that charges a fee in exchange for executing trades for a trader. A Forex broker does not charge a commission for placing a buy or a sell order the way a real estate broker would charge a percentage fee of the total price of a sale. A Forex broker is paid according to the spread – or the difference between the trader’s bid for a currency, and the seller’s asking price for that currency. Usually this spread is less than 0.1% or ten pips. (Pips are the smallest movement a currency can make on the Forex. Pips are commonly called referred to as points.) The lower the spread, the less a trader pays a Forex broker for a trade.The Forex market is global and does not have one central regulatory ...
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| Canada Dismisses Currency |
| 2007-12-08 22:17:00 |
Unnerved by the tremendous appreciation in its nation’s currency, Canada’s Parliament is officially mulling the possibility of pegging the Loonie to the USD. It’s unclear at what value the two currencies would be linked, perhaps at parity. However, in testifying before Parliament, the future leader of the Bank of Canada argued staunchly against such an exchange rate regime. Such a relationship, he warned, would cripple Canada’s ability to conduct monetary policy, independent of the US. So long as the Loonie remained fixed to the Dollar, Canada would be forced into mirroring US interest rate movements. Because of several fundamental differences in their respective economies, it seems unlikely that this policy...
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| Forex reserves |
| 2007-12-08 08:35:00 |
Forex reserves rise to $273 MUMBAI: The frenetic build-up of forex reserves has lost pace with reserves growing by only $1.2 billion during the week ended November 30 to $273.5 billion. Of the $1.2-billion increase in reserves, $546 million came from an increase in the value of gold. The increase in foreign currency assets was just only $694 million. The rush of foreign capital into the country has resulted in forex reserves swelling by an average of $2.3 billion a week since April. According to the figures released by the Reserve Bank of India (RBI) in its weekly statistical supplement (WSS), foreign exchange reserves, including gold and SDR, grew $1.2 billion during the week. It is after three months that foreign currency assets have slowed to less ...
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| CMS Forex News |
| 2007-12-06 21:42:00 |
Recap: Pound Loses After Negative Housing Prices in Nov. Investors Upbeat as US Posts Positive Data.A fall in housing prices, along with weaker consumer confidence and slower services growth prompted heavy selling of the Pound. US labor and productivity data boosted the Dollar, and prompted a return to carry trade....
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| Forex Up to Date News |
| 2007-12-06 21:34:00 |
FOREX-Euro up on hawkish Trichet; yen trips as stocks riseBy Lucia Mutikani NEW YORK, Dec 6 (Reuters) - The euro rose against the dollar and yen on Thursday as European Central Bank President Jean-Claude Trichet's hawkish comments on inflation raised the specter of an interest rate hike in the euro zone. The single currency also got a boost from an improvement in risk appetite, with U.S. stocks ending higher after U.S. President George W. Bush announced plans aimed at slowing the tide of homeowner foreclosures and shield the economy from the subprime mortgage crisis. An estimated 1.2 million homeowners could benefit from the assistance plan to avoid foreclosure over the next couple of years, according to Bush. "We had more hawkis...
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| LETTER OF THE DAY - New forex trading regulation needed |
| 2007-12-06 03:13:00 |
| In relation to the present debate on foreign exchange schemes I want to make a few points.In the United States, the regulators developed a new, and separate, regulatory framework to deal with these new forex financial products. They do not fall under the traditional banking products set (regulated by the Federal Reserve) nor the securities, stocks and investment product set (regulated by the Securities and Exchange Commission). The forex industry is regulated under the National Futures Association (NFA), a separate and distinct agency from the SEC.The NFA covers regulation for commodities, futures, forex in the United States.My understanding is that the local FSC (which is the Jamaican version of the SEC) is fighting tooth and nail to define the local
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