Lets first get to the introduction of forex. FOREX is an international online currency exchange that was established in 1971. It is now the premier foreign currency exchange market in the world, with an average daily trading volume reaching as high as one and a half trillion. Three types of traders make use of FOREX-banks, individuals, and corporations. When they have needed to exchange currency online, FOREX Online Currency Trading is the number one place to do it.
Mostly people think that why should they do online currency trading with FOREX? The answer is that there are two basic reasons to do your online currency trading with FOREX. First and foremost, FOREX online currency trading is done to make a profit. Depending on the market, a bank, corporation, or individual can make a windfall profit through FOREX online currency trading. Another reason to do currency trading is to get into a secured position by eliminating trading risks arising from foreign exchange rate movement. In other words, FOREX online currency trading can help a bank, corporation, or individual to weather changes in foreign exchange rates by already having the foreign currency they need on hand.
FOREX is unique in terms of trading exchanges. Rather than the typical exchange like Wall Street or the Tokyo Exchange, FOREX is an entirely digital foreign currency exchange system. The rate of foreign exchange changes so quickly those traders must be able to react to market shifts within seconds. Online FOREX currency trading makes this possible by eliminating the classic stock broker. Rather than trading telephone calls and trying to catch a great deal by shouting and waving papers, FOREX trading is accomplished with a touch of a button on the computer.
The ease of online FOREX currency trading appeals to many, both businesses and individuals alike. All the information one needs to get started with FOREX trading is available online. FOREX exchange rates are continually updated on many websites. It is simple to buy one currency when it is low and sell it when it is high. However, what goes up can also come down, and new traders on the FOREX online markets must be prepared for losses. Still, despite the risks, more and more people are participating in online FOREX trading every day.
Keeping updated with the world market is the best way to prevent losses with currency trading. Learning which countries are experiencing economic growth or recession is essential to make the best currency trading decisions. It is always good to invest in currency from nations who are experiencing growth. Likewise, avoiding countries that are historically unstable or are experiencing war or international economic sanctions is only wise. FOREX online currency trading is not for everyone, but with some knowledge and skill, it can be very lucrative.
Article By: John Howard
Source: http://www.tradeforex2000.info/forexarticledirectory
Sunday, January 6, 2008
Being a Calculated Risk Speculator or Just a Gambler
He or she, who is known to gamble on horses, or dogs, or other sporting events etc., is often branded a persona non grata in certain circles.
However, if a person speculates on buying and selling securities, foreign currency, or property, their classification would point to a persona grata.
Both cases are of course a form of gambling dressed in different clothing. In both cases, there is a possibility of risk loss or the possibility of bigger gain. The need to arrive at an opinion without having positive evidence to back it up is equally there. So is the problem that complete facts are hardly ever disclosed, to enable the finding of a certainty.
In spite of these hurdles, in the case of property and foreign currency buying or selling, the chances of getting it right are better as opposed to finding the outcome of a horse or a dog race, or a football game. Getting involved is also less of a worry, because even if you get it wrong, you still have that house or that other currency you bought. The result is over only when you say, since these investments can eventually regain value, and actually show a profit. Backing losers in racing and other forms of gambling can mean that for the serious or occasional gambler, the money is dead and buried.
Of course, some gamblers attach a lot of importance to the thrill effect of their bets. There is no doubt that betting on sport events, cards, or many casino games can be thrilling, but so is the constant movement of the value of currencies. That wheel goes round and round nonstop, but you can get on and off whenever you like. There are many foreign currency exchange companies ready to let you operate, offering very good rates.
Never think of a bookmaker as an enemy whom you have to beat, your selection may be the one he also wants to win. Also, remember your foreign currency exchange office as a friend that makes it possible for you to play at good currency rates. You are putting your wits against a market that has no financial interest in your winnings or losses.
A realtor has equally no interest to see you lose any money. On the contrary, he likes you to be happy with the purchase of your property. Even if the prices should go against you, he knows that in due course things will change.
A speculator in the foreign currency game increases the chances of success by keeping in touch with as much relevant data as possible, which means that there is never a dull moment. The same applies to a property speculator. By having to constantly study the market and world affairs, the person becomes necessarily rather well read and interesting to talk to. Amongst other things, that gambler is a persona grata.
These days, more and more gamblers turn to the forex game. It keeps them amused as well as thrilled. Instead of a horse or a tennis star etc., they are the actual performer. There is little doubt that the well prepared person has the chance to prevail.
The currency market is not a geared slot machine. It has inexhaustible money to hand out if you get things right, and does not care if you keep winning, should you be clever enough.
Who knows, you might be champion material.
Article: Paul Dubsky
Source: http://www.tradeforex2000.info/forexarticledirectory
However, if a person speculates on buying and selling securities, foreign currency, or property, their classification would point to a persona grata.
Both cases are of course a form of gambling dressed in different clothing. In both cases, there is a possibility of risk loss or the possibility of bigger gain. The need to arrive at an opinion without having positive evidence to back it up is equally there. So is the problem that complete facts are hardly ever disclosed, to enable the finding of a certainty.
In spite of these hurdles, in the case of property and foreign currency buying or selling, the chances of getting it right are better as opposed to finding the outcome of a horse or a dog race, or a football game. Getting involved is also less of a worry, because even if you get it wrong, you still have that house or that other currency you bought. The result is over only when you say, since these investments can eventually regain value, and actually show a profit. Backing losers in racing and other forms of gambling can mean that for the serious or occasional gambler, the money is dead and buried.
Of course, some gamblers attach a lot of importance to the thrill effect of their bets. There is no doubt that betting on sport events, cards, or many casino games can be thrilling, but so is the constant movement of the value of currencies. That wheel goes round and round nonstop, but you can get on and off whenever you like. There are many foreign currency exchange companies ready to let you operate, offering very good rates.
Never think of a bookmaker as an enemy whom you have to beat, your selection may be the one he also wants to win. Also, remember your foreign currency exchange office as a friend that makes it possible for you to play at good currency rates. You are putting your wits against a market that has no financial interest in your winnings or losses.
A realtor has equally no interest to see you lose any money. On the contrary, he likes you to be happy with the purchase of your property. Even if the prices should go against you, he knows that in due course things will change.
A speculator in the foreign currency game increases the chances of success by keeping in touch with as much relevant data as possible, which means that there is never a dull moment. The same applies to a property speculator. By having to constantly study the market and world affairs, the person becomes necessarily rather well read and interesting to talk to. Amongst other things, that gambler is a persona grata.
These days, more and more gamblers turn to the forex game. It keeps them amused as well as thrilled. Instead of a horse or a tennis star etc., they are the actual performer. There is little doubt that the well prepared person has the chance to prevail.
The currency market is not a geared slot machine. It has inexhaustible money to hand out if you get things right, and does not care if you keep winning, should you be clever enough.
Who knows, you might be champion material.
Article: Paul Dubsky
Source: http://www.tradeforex2000.info/forexarticledirectory
Dec 31, 2007 - Jan 4, 2007
Dec 31, 2007 - Jan 4, 2007
Open Trades = 9
Floating gain/(loss) = (88.7000%)
PMTFC2 share = 1.1483 unit value
Open Trades = 9
Floating gain/(loss) = (88.7000%)
PMTFC2 share = 1.1483 unit value
Wednesday, January 2, 2008
The Essence Of Online Trading
Many today prefer to buy stocks online because they don't have the time to get involved in trading decisions during the day and want to take decisions only when they are free, that might even be at midnight. Also online trading service providers offer the individual a whole wealth of information to analyze and internalize before making the investment. Further the commission that these service providers charge on each transaction is much less than what on-floor brokers do. So the investor earns a lot more on every transaction.
While trading online, there are a few things that you should be careful about. We will try here to provide you with some basic indicators.
You must understand that however fast your internet connection is, and whatever software and hardware you are using there will be some time lag between the time you click to place your order and the actual time when your order gets processed and registered. This time lag, depending on how long it is can seriously alter your final gains or losses. What you can do is to see the time-lag is kept to a minimum. That would be possible if you have the best set-up in place and your trading firm provides its subscribers with the best service.
You must get real time updates and stock quotes from your service provider. If it is delayed then you will be placing orders for rates which are long history. And then it will take further time to process your order. What you will finally get is something a lot different from what you were expecting. So the feeds have to be live and real time. There can be no two-ways about it.
to be successful in the field of stocks one is required to have some primary knowledge as to what is what and investing on something will yield how much result. In this article we will briefly try to explain a few fundamental things that any investor on the stock markets should know. And since you will be investing online and there will be no guide for you, knowing these basics will definitely stand you in good stead.
As online trading get increasingly easy many investors drop their guard. That is criminal. You just cannot take it easy on the net. There are a few simple things you should practice while investing on the net like always have all you transactions confirmed by your online brokerage firm, never trade from unprotected computers, regularly update the security features of the software of your computer, never provide your account information to anyone, etc.
source: http://www.tradeforex2000.info/forexarticledirectory
While trading online, there are a few things that you should be careful about. We will try here to provide you with some basic indicators.
You must understand that however fast your internet connection is, and whatever software and hardware you are using there will be some time lag between the time you click to place your order and the actual time when your order gets processed and registered. This time lag, depending on how long it is can seriously alter your final gains or losses. What you can do is to see the time-lag is kept to a minimum. That would be possible if you have the best set-up in place and your trading firm provides its subscribers with the best service.
You must get real time updates and stock quotes from your service provider. If it is delayed then you will be placing orders for rates which are long history. And then it will take further time to process your order. What you will finally get is something a lot different from what you were expecting. So the feeds have to be live and real time. There can be no two-ways about it.
to be successful in the field of stocks one is required to have some primary knowledge as to what is what and investing on something will yield how much result. In this article we will briefly try to explain a few fundamental things that any investor on the stock markets should know. And since you will be investing online and there will be no guide for you, knowing these basics will definitely stand you in good stead.
As online trading get increasingly easy many investors drop their guard. That is criminal. You just cannot take it easy on the net. There are a few simple things you should practice while investing on the net like always have all you transactions confirmed by your online brokerage firm, never trade from unprotected computers, regularly update the security features of the software of your computer, never provide your account information to anyone, etc.
source: http://www.tradeforex2000.info/forexarticledirectory
4 Types Of Technical Indicator You Need When Trading Forex
If you have any experience in using any kind of charting packages to assist you with your forex trading, you will know that there are endless different technical indicators you can use. In this article I'm going to be asking what are all these indicators and which ones do you really need?
As you can guess from the title of this article, there are essentially four different types of technical indicator and they are as follows:
1.Trend indicators.
MACD, Parabolic SAR and the various moving averages are a few examples of trend indicators and they can all be used to identify a trend. It's widely argued that you should only trade with the trend so all of these indicators will help you to take the decision out of your hands, and therefore dictate which way you should be trading. Your only decision now is at what level to enter the trade.
2.Momentum indicators.
These types of indicators are essentially oscillating indicators and are most useful for determining overbought and oversold positions and can be very useful in signalling the start of a new trend. Examples include RSI, Stochastics and CCI.
3.Volume indicators.
As the name suggests, these types of indicators show the volume of trades behind a particualr price movement which can be extremely beneficial because a price movement backed up by high volume is a much stronger signal than a price movement based on low volume. Examples here include Chaikin Money Flow, Force Index, Money Flow Index and Ease Of Movement.
4.Volatility indicators.
Volatility indicators generally use ranges to show the behaviour of the price and the volume behind any movements. This is useful because any dramatic change in behaviour can provide a good entry signal. Common examples include Bollinger Bands, Average True Range and Envelopes.
So there you have the four different types of technical indicators available to you. Which ones you use is entirely up to you, but it's generally advised that you have at least one type of each in order to provide additional confirmation for entering a trade.
Trading forex using technical analysis is all about probabilities in that when you enter a long position, for example, you want all of your chosen signals to be signalling an upwards movement, therefore indicating a high probability of an upwards movement taking place.
If you use a strict stop loss policy and use these different types of indicators to confirm positions, then over time this high probability trading method should provide you with more winners than losers in the long run.
source: http://www.tradeforex2000.info/forexarticledirectory
As you can guess from the title of this article, there are essentially four different types of technical indicator and they are as follows:
1.Trend indicators.
MACD, Parabolic SAR and the various moving averages are a few examples of trend indicators and they can all be used to identify a trend. It's widely argued that you should only trade with the trend so all of these indicators will help you to take the decision out of your hands, and therefore dictate which way you should be trading. Your only decision now is at what level to enter the trade.
2.Momentum indicators.
These types of indicators are essentially oscillating indicators and are most useful for determining overbought and oversold positions and can be very useful in signalling the start of a new trend. Examples include RSI, Stochastics and CCI.
3.Volume indicators.
As the name suggests, these types of indicators show the volume of trades behind a particualr price movement which can be extremely beneficial because a price movement backed up by high volume is a much stronger signal than a price movement based on low volume. Examples here include Chaikin Money Flow, Force Index, Money Flow Index and Ease Of Movement.
4.Volatility indicators.
Volatility indicators generally use ranges to show the behaviour of the price and the volume behind any movements. This is useful because any dramatic change in behaviour can provide a good entry signal. Common examples include Bollinger Bands, Average True Range and Envelopes.
So there you have the four different types of technical indicators available to you. Which ones you use is entirely up to you, but it's generally advised that you have at least one type of each in order to provide additional confirmation for entering a trade.
Trading forex using technical analysis is all about probabilities in that when you enter a long position, for example, you want all of your chosen signals to be signalling an upwards movement, therefore indicating a high probability of an upwards movement taking place.
If you use a strict stop loss policy and use these different types of indicators to confirm positions, then over time this high probability trading method should provide you with more winners than losers in the long run.
source: http://www.tradeforex2000.info/forexarticledirectory
Basic Tips in Forex Trading
Tip 1 – When trading forex, always make sure to trade with a stop order, not because you expect to lose, but to prevent a large loss from an unexpected news event like a currency devaluation, government coup d'etat, terrorist attack, natural disasters, or whatever.
Tip 2 - New traders to the forex can learn to trade with the less volatile pairs and then move to the more volatile pairs later.
Tip 3 - Trade only with the trend and market momentum. As they say, "the trend is your friend." All currency pairs are trending or oscillating in some form at all times. Trending is a directional move up or down, oscillating is up and down movements going sideways within a range. We usually like to trade in trending movements only.
Tip 4 - If you have any currency pair that has moved strongly in your favor you can close out half of your lots. It is better to have the "money in the bag," than waiting for "potential winning" to come later. the market might go back against your trend later.
Tip 5 - Carry trades are great, these are trades where your objective is a combination of high interest income and some capital appreciation and you intend to hold on for a long period of time. But carry trades are usually done by seasoned traders only.
Tip 2 - New traders to the forex can learn to trade with the less volatile pairs and then move to the more volatile pairs later.
Tip 3 - Trade only with the trend and market momentum. As they say, "the trend is your friend." All currency pairs are trending or oscillating in some form at all times. Trending is a directional move up or down, oscillating is up and down movements going sideways within a range. We usually like to trade in trending movements only.
Tip 4 - If you have any currency pair that has moved strongly in your favor you can close out half of your lots. It is better to have the "money in the bag," than waiting for "potential winning" to come later. the market might go back against your trend later.
Tip 5 - Carry trades are great, these are trades where your objective is a combination of high interest income and some capital appreciation and you intend to hold on for a long period of time. But carry trades are usually done by seasoned traders only.
Dollar starts 2008 on a weak footing
LONDON, Jan 2 (Reuters) - The dollar fell half a percent versus the euro on the first trading day of the new year with investors inclined to bet that coming U.S. economic news would be soft enough to confirm the need for more interest rate cuts.
Although U.S. existing home sales data on Monday was a bit better than expected, it did little to alter the downbeat view on the world's biggest economy cemented by the previous week's soft reports on new home sales and durable goods orders.
On the last trading day of 2007, U.S. short-term rate futures were pricing in as much as 96 percent probability of a Federal Reserve rate cut to 4.00 percent on Jan. 30. That would bring the U.S. benchmark, currently 4.25 percent, into line with euro zone rates, completely erasing the dollar's yield advantage over the euro.
Market activity was expected to slowly pick up as investors return from Christmas and new year holidays although Japan and China remain on holiday until Friday.
For complete article, http://www.reuters.com/article/usDollarRpt/idUSL024375820080102
Although U.S. existing home sales data on Monday was a bit better than expected, it did little to alter the downbeat view on the world's biggest economy cemented by the previous week's soft reports on new home sales and durable goods orders.
On the last trading day of 2007, U.S. short-term rate futures were pricing in as much as 96 percent probability of a Federal Reserve rate cut to 4.00 percent on Jan. 30. That would bring the U.S. benchmark, currently 4.25 percent, into line with euro zone rates, completely erasing the dollar's yield advantage over the euro.
Market activity was expected to slowly pick up as investors return from Christmas and new year holidays although Japan and China remain on holiday until Friday.
For complete article, http://www.reuters.com/article/usDollarRpt/idUSL024375820080102
Tuesday, January 1, 2008
FOREX-Dollar up vs euro, down vs yen as 2007 closes
NEW YORK, Dec 31 (Reuters) - The dollar rallied against the euro but slipped against the yen in the final trading day of 2007 on Monday, though dealers resisted making big bets until volume increases after New Year's Day.
The dollar was on track for its biggest annual decline in four years against a basket of major currencies on expectations the Federal Reserve will have to lower interest rates further to stave off a recession.
The Fed already has cut its benchmark federal funds rate by a full percentage point in three moves, beginning at its September meeting, in an effort to ease a credit crunch which began in August.
It was the second straight year of declines for the dollar index.
"It's a funny market right now, and I can't point to any fundamental factor for what we are seeing," said Stephen Malyon, currency strategist at Scotia Capital in Toronto. "We are in holiday trading mode until Wednesday."
For complete article, click here, http://uk.reuters.com/article/usDollarRpt/idUKN3158286920071231
The dollar was on track for its biggest annual decline in four years against a basket of major currencies on expectations the Federal Reserve will have to lower interest rates further to stave off a recession.
The Fed already has cut its benchmark federal funds rate by a full percentage point in three moves, beginning at its September meeting, in an effort to ease a credit crunch which began in August.
It was the second straight year of declines for the dollar index.
"It's a funny market right now, and I can't point to any fundamental factor for what we are seeing," said Stephen Malyon, currency strategist at Scotia Capital in Toronto. "We are in holiday trading mode until Wednesday."
For complete article, click here, http://uk.reuters.com/article/usDollarRpt/idUKN3158286920071231
Dec 24-28, 2007 update
Dec 24-28, 2007
Open Trades = 9
Floating gain/(loss) = (64.2000%)
PMTFC2 share = 1.3017 unit value
Open Trades = 9
Floating gain/(loss) = (64.2000%)
PMTFC2 share = 1.3017 unit value
Saturday, December 22, 2007
Dec 17-21, 2007 update
Dec 17-21, 2007
Open Trades = 8
Floating gain/(loss) = (49.5904%)
PMTFC2 share = 1.2829 unit value
Open Trades = 8
Floating gain/(loss) = (49.5904%)
PMTFC2 share = 1.2829 unit value
Sunday, December 16, 2007
To temper peso, BSP may further ease forex rules
MANILA, Philippines--The central bank, Bangko Sentral ng Pilipinas (BSP), may be forced to further ease foreign exchange rules to address the sharp rise of the peso, according to a paper by investment bank DBS.
Exporters and families of overseas Filipino workers (OFWs) -- badly hit by the steep climb of the peso -- have been urging government for so long to temper the strengthening currency.
In its latest assessment of emerging and industrialized economies, DBS noted that the Philippine peso is the strongest Asian currency so far this year, marking a year-to-date appreciation of 19.3 percent. This was far stronger than the average 4-percent appreciation posted by nine other Asian currencies.
For the complete read of this article written by Michelle Remo, click here.
Exporters and families of overseas Filipino workers (OFWs) -- badly hit by the steep climb of the peso -- have been urging government for so long to temper the strengthening currency.
In its latest assessment of emerging and industrialized economies, DBS noted that the Philippine peso is the strongest Asian currency so far this year, marking a year-to-date appreciation of 19.3 percent. This was far stronger than the average 4-percent appreciation posted by nine other Asian currencies.
For the complete read of this article written by Michelle Remo, click here.
Saturday, December 15, 2007
Fed Expected to Cut Rates Again
Faced with a spreading mortgage crisis, the Federal Reserve is expected to cut interest rates for a third time later and hint that even more rate cuts could be forthcoming.
Fed Chairman Ben Bernanke has clearly signaled this outcome in a speech last month in which he said that the latest bout of financial market turbulence raised greater risks for the economy.
Most economists are expecting a quarter-point cut in the federal funds rate at Tuesday's meeting, which will be the Fed's last rate-setting discussion this year. That would push the federal funds rate down 4.25 percent and send bank's prime lending rate, the benchmark for millions of consumer and business loans, down to 7.25 percent, the lowest level in two years.
The Fed started cutting rates in September with a bolder-than-expected half-point move and then reduced the funds rate by a quarter-point at its Oct. 31 meeting. The central bank was trying to make sure that a severe slump in housing, spreading mortgage defaults and financial market turbulence which hit with force in August did not derail the economy.
In its October announcement, the Fed indicated that its two rate cuts might well be all that would be needed to make sure the country was not pushed into a recession.
But that view has undergone a dramatic about-face in the six weeks since that time, reflecting worsening conditions in financial markets and continued sharp declines in housing as lenders tighten standards in response to rising mortgage defaults.
Many analysts believe the current quarter and the early part of next year will represent the period of maximum danger for a possible recession.
"I think a full blown recession can be avoided but just barely," said David Jones, chief economist at DMJ Advisors. He predicted that the Fed will follow up its expected December rate cut with three more reductions at its first three meetings of 2008.
For all of 2008, a forecasting panel of the Securities Industry and Financial Market Markets Association said Monday it believed overall economic growth, as measured by the gross domestic product, would come in at an anemic 2.1 percent as housing construction and sales continue to fall for most of the year. That would be the weakest GDP growth in six years.
http://truenorth-forex.blogspot.com/
Fed Chairman Ben Bernanke has clearly signaled this outcome in a speech last month in which he said that the latest bout of financial market turbulence raised greater risks for the economy.
Most economists are expecting a quarter-point cut in the federal funds rate at Tuesday's meeting, which will be the Fed's last rate-setting discussion this year. That would push the federal funds rate down 4.25 percent and send bank's prime lending rate, the benchmark for millions of consumer and business loans, down to 7.25 percent, the lowest level in two years.
The Fed started cutting rates in September with a bolder-than-expected half-point move and then reduced the funds rate by a quarter-point at its Oct. 31 meeting. The central bank was trying to make sure that a severe slump in housing, spreading mortgage defaults and financial market turbulence which hit with force in August did not derail the economy.
In its October announcement, the Fed indicated that its two rate cuts might well be all that would be needed to make sure the country was not pushed into a recession.
But that view has undergone a dramatic about-face in the six weeks since that time, reflecting worsening conditions in financial markets and continued sharp declines in housing as lenders tighten standards in response to rising mortgage defaults.
Many analysts believe the current quarter and the early part of next year will represent the period of maximum danger for a possible recession.
"I think a full blown recession can be avoided but just barely," said David Jones, chief economist at DMJ Advisors. He predicted that the Fed will follow up its expected December rate cut with three more reductions at its first three meetings of 2008.
For all of 2008, a forecasting panel of the Securities Industry and Financial Market Markets Association said Monday it believed overall economic growth, as measured by the gross domestic product, would come in at an anemic 2.1 percent as housing construction and sales continue to fall for most of the year. That would be the weakest GDP growth in six years.
http://truenorth-forex.blogspot.com/
Dec 10 - 14, 2007
Dec 10 - 14, 2007
Open Trades = 8
Floating gain/(loss) = (38.6939%)
PMTFC2 share = 1.2829 unit value
.
Open Trades = 8
Floating gain/(loss) = (38.6939%)
PMTFC2 share = 1.2829 unit value
.
Wednesday, December 12, 2007
Fear the Forex Market
If you have to catch something that's going around, do whatever you can to make sure it's not the forex trading bug.
Although the offers of easy riches from swapping currencies might be tempting, the vast majority of investors would do well to resist the lure. Not only is this market supremely risky, but there are other, better ways to achieve the same investment goals.
That's not readily apparent to everyone, especially given the feeble performance of the U.S. dollar, which is down around 30% against the euro over the past five years. That has made betting against the greenback look like an appetizing one-way bet.
For the complete article written by By Simon Constable of TheStreet.com Staff Reporter, click here.
Although the offers of easy riches from swapping currencies might be tempting, the vast majority of investors would do well to resist the lure. Not only is this market supremely risky, but there are other, better ways to achieve the same investment goals.
That's not readily apparent to everyone, especially given the feeble performance of the U.S. dollar, which is down around 30% against the euro over the past five years. That has made betting against the greenback look like an appetizing one-way bet.
For the complete article written by By Simon Constable of TheStreet.com Staff Reporter, click here.
Monday, December 10, 2007
Crosses Technical Analysis
GBP/JPY
The Pound dropped further yesterday against the Yen, as the pair is still showing a downside potential on the short term, though the medium to long term trends remain well to the upside, and the long term target is set to be at the 230.20s level, while the point at 223.90 seems to offer good demand for the pair.
EUR/JPY
The Euro settled against the Yen yesterday, as the pair is yet to gather some momentum that will take it to he upside to progress its upside general trend, targets now are set to be at the 164 level, while the point at 161.89 seems to offer good demand for the pair.
EUR/GBP
The Euro continued to incline against the Pound yesterday, as the pair breached the 0.7200 level again and the short term indicators are still showing more room for an upside wave, the general trend remains well to the upside, and the first target is set to be at the 0.7250s level, while the point at 0.7195 seems to offer good demand for the pair.
http://forexvillage.blogspot.com/
The Pound dropped further yesterday against the Yen, as the pair is still showing a downside potential on the short term, though the medium to long term trends remain well to the upside, and the long term target is set to be at the 230.20s level, while the point at 223.90 seems to offer good demand for the pair.
EUR/JPY
The Euro settled against the Yen yesterday, as the pair is yet to gather some momentum that will take it to he upside to progress its upside general trend, targets now are set to be at the 164 level, while the point at 161.89 seems to offer good demand for the pair.
EUR/GBP
The Euro continued to incline against the Pound yesterday, as the pair breached the 0.7200 level again and the short term indicators are still showing more room for an upside wave, the general trend remains well to the upside, and the first target is set to be at the 0.7250s level, while the point at 0.7195 seems to offer good demand for the pair.
http://forexvillage.blogspot.com/
USD Stronger
The Dollar scaled a one-month peak against a basket of currencies on Wednesday as reports showing robust job growth and productivity gains suggested a milder slowdown in the US economy than many had thought.
The surprise jump in the ADP employer services report on private sector employment fanned expectations of an above forecast non-farm payrolls report on Friday, prompting the market to trim back chances of a 0.50% interest rate cut by the Federal Reserve next week. private sector added 189,000 private-sector jobs last month, the ADP report showed, helping to ease some market fears about trouble in global credit markets that had weighed on the greenback in recent sessions.
Data on Friday will likely show that US employers, outside the farming sector, added 75,000 jobs last month. Expectations the Bank of England will lower it’s main lending rate to 5.5%. But ECB is expected to hold at 4%.
http://www.mataf.net/en/forex/forex-dollar-was-stronger-against-major-currencies-after-job-and-productivity-reports/327/
The surprise jump in the ADP employer services report on private sector employment fanned expectations of an above forecast non-farm payrolls report on Friday, prompting the market to trim back chances of a 0.50% interest rate cut by the Federal Reserve next week. private sector added 189,000 private-sector jobs last month, the ADP report showed, helping to ease some market fears about trouble in global credit markets that had weighed on the greenback in recent sessions.
Data on Friday will likely show that US employers, outside the farming sector, added 75,000 jobs last month. Expectations the Bank of England will lower it’s main lending rate to 5.5%. But ECB is expected to hold at 4%.
http://www.mataf.net/en/forex/forex-dollar-was-stronger-against-major-currencies-after-job-and-productivity-reports/327/
Sunday, December 9, 2007
Canada Dismisses Dollar Peg
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 will be implemented.
http://truenorth-forex.blogspot.com/
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 will be implemented.
http://truenorth-forex.blogspot.com/
Saturday, December 8, 2007
Lottery Winner
A man rushes into his house and yells to his wife, "Martha, pack up your things. I just won the California lottery!"
Martha replies, "Shall I pack for warm weather or cold?" The man responds, "I don't care. Just so long as you're out of the house by noon!"
More of these jokes here. You can also contribute your own funny stories.
Martha replies, "Shall I pack for warm weather or cold?" The man responds, "I don't care. Just so long as you're out of the house by noon!"
More of these jokes here. You can also contribute your own funny stories.
Interbank FX Honored as Best Foreign Exchange Broker
Salt Lake City – December 7, 2007 –
Interbank FX (IBFX), an online Futures Commission Merchant (FCM), today announced it has been named Best Foreign Exchange Broker at Shares magazine’s 2007 Shares Awards. The winners were announced Thursday, Nov. 29, 2007, at a gala dinner at the Grosvenor House Hotel in London.
“We are indeed grateful to the readers of Shares for recognizing us in this capacity , ” said company president and CEO Todd Crosland. “This prestigious award mirrors our firm dedication to providing the highest level of technology and customer service to our clients, and illustrates the enduring high regard of IBFX’s services among traders throughout the world,”
Readers of Shares magazine—the fastest growing financial title in the UK—nominated their favorite providers in a variety of areas, including stocks, derivatives, online research and information, software, and fund management. IBFX competed against quality contenders CMC Markets, FXCM, GFT Global Markets, Hargreaves Lansdowne and Saxo Bank in its bid to earn top honors at the annual event.
“We believe that our long-term success is closely tied to the success of our customers,” said Crosland. “Our commitment to excellence is by no means static. We strive to exceed our customers’ expectations by continually adding new technological features and dynamic trading tools. We look forward to being a strong contender for the 2008 awards.”
Being honored by Shares as the Best Foreign Exchange Broker is the crowning achievement of a year already marked by several milestones for IBFX. Some of the 2007 highlights include:
• Todd B. Crosland, 2007 Ernst & Young Entrepreneur of the Year winner
• Utah Best of State award winner 2007 (Financial Services)
• UVEF Winner – Top growth company in Utah under 5 years old
• $40 million minority investment from private equity firm Spectrum Equity
• Monthly trading volume in excess of $70 billion
• Current net capital in excess of $30 million (November 30, 2007)
• Unveiling of industry first Platinum reward Interbank FX credit & debit card program
• Introduction of several pioneering customer trading tools, including popular IBFX-PRS—“Pattern Recognition System”
###
About Shares
Since its launch in 1999, Shares magazine has been the fastest growing financial title in the UK. Its achievements have been recognized by three major industry awards — the Association of Circulation Executives’ prize for the best launch of the year in the newstrade, the Periodical Publishers Assocation title for the most successful subscription launch, and the ProShare award for favorite information product among investment club members. Comment and expert analysis from Shares journalists is now available on a daily basis on MoneyAM, a financial Web site aimed at active private investors.
About IBFX
IBFX ( www.interbankfx.com ) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Associ ation (NFA). IBFX has customers in more than 135 countries and offers individual traders, fund managers and institutional customer's proprietary technology and a revolutionary approach to foreign exchange trading. IBFX customers execute directly from a streaming quote feed, not from a dealing desk that trades against its customers, and also offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. IBFX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through IBFX's partnership with leading worldwide institutions, traders have access to liquidity from 1,000 to 10,000,000 of the base currency with one click execution. Customers can trade micro, mini and standard lots. IBFX is committed to maintaining a high standard of service that en ables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.
Interbank FX (IBFX), an online Futures Commission Merchant (FCM), today announced it has been named Best Foreign Exchange Broker at Shares magazine’s 2007 Shares Awards. The winners were announced Thursday, Nov. 29, 2007, at a gala dinner at the Grosvenor House Hotel in London.
“We are indeed grateful to the readers of Shares for recognizing us in this capacity , ” said company president and CEO Todd Crosland. “This prestigious award mirrors our firm dedication to providing the highest level of technology and customer service to our clients, and illustrates the enduring high regard of IBFX’s services among traders throughout the world,”
Readers of Shares magazine—the fastest growing financial title in the UK—nominated their favorite providers in a variety of areas, including stocks, derivatives, online research and information, software, and fund management. IBFX competed against quality contenders CMC Markets, FXCM, GFT Global Markets, Hargreaves Lansdowne and Saxo Bank in its bid to earn top honors at the annual event.
“We believe that our long-term success is closely tied to the success of our customers,” said Crosland. “Our commitment to excellence is by no means static. We strive to exceed our customers’ expectations by continually adding new technological features and dynamic trading tools. We look forward to being a strong contender for the 2008 awards.”
Being honored by Shares as the Best Foreign Exchange Broker is the crowning achievement of a year already marked by several milestones for IBFX. Some of the 2007 highlights include:
• Todd B. Crosland, 2007 Ernst & Young Entrepreneur of the Year winner
• Utah Best of State award winner 2007 (Financial Services)
• UVEF Winner – Top growth company in Utah under 5 years old
• $40 million minority investment from private equity firm Spectrum Equity
• Monthly trading volume in excess of $70 billion
• Current net capital in excess of $30 million (November 30, 2007)
• Unveiling of industry first Platinum reward Interbank FX credit & debit card program
• Introduction of several pioneering customer trading tools, including popular IBFX-PRS—“Pattern Recognition System”
###
About Shares
Since its launch in 1999, Shares magazine has been the fastest growing financial title in the UK. Its achievements have been recognized by three major industry awards — the Association of Circulation Executives’ prize for the best launch of the year in the newstrade, the Periodical Publishers Assocation title for the most successful subscription launch, and the ProShare award for favorite information product among investment club members. Comment and expert analysis from Shares journalists is now available on a daily basis on MoneyAM, a financial Web site aimed at active private investors.
About IBFX
IBFX ( www.interbankfx.com ) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Associ ation (NFA). IBFX has customers in more than 135 countries and offers individual traders, fund managers and institutional customer's proprietary technology and a revolutionary approach to foreign exchange trading. IBFX customers execute directly from a streaming quote feed, not from a dealing desk that trades against its customers, and also offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. IBFX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through IBFX's partnership with leading worldwide institutions, traders have access to liquidity from 1,000 to 10,000,000 of the base currency with one click execution. Customers can trade micro, mini and standard lots. IBFX is committed to maintaining a high standard of service that en ables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.
Dec 3-7, 2007
Dec 3-7, 2007
Open Trades = 6
Floating gain/(loss) = (39.4532%)
PMTFC2 share = 1.2829 unit value
.
Open Trades = 6
Floating gain/(loss) = (39.4532%)
PMTFC2 share = 1.2829 unit value
.
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