Forex Deal

Forex: Dollar still under pressure against commodity currencies

2010-09-05T11:30:00.000-07:00

Greenback is falling sharply on Friday against currencies tied to commodities weakened by risk aversion. AUD and NZD are approaching to daily highs together with main US stock indexes. Meanwhile the Canadian

Dollar reached fresh 2-week highs.

The retreated of the AUD/USD from daily highs that lie at 0.9175 found support at 0.9135. Currently the pair is approaching daily highs as it trades at 0.9162/68, 0.63% above today’s opening price. NZD/USD jumped to 0.7215 (3-week high) after the jobs report in the US, and pulled back to 0.7185 afterwards. At the moment the pair is trading back above 0.7200, approaching daily highs and consolidating a weekly gain of a hundred pips.

The Loonie reached fresh daily highs against the Dollar, extending gains supported by a recovery of crude oil prices from daily lows. USD/CAD broke below 1.0400 and fell to 1.0390, fresh 2-week low.

Forex: EUR/USD Weekend Barely Above 1.2700

2010-08-21T06:36:00.000-07:00

Now Euro posted the second weekly reject in a row against the Dollar but managed to finish above 1.2700 after falling to 1.2663, 5-week low, during Friday’s American session.“EUR/USD” is struggling to improve but we expect that current levels will at least tempt some initial buying from the Asian reserve managers come Monday morning,

The pair was unable during the week to hold above 1.2900 and broke lower on Friday.

On a wider view, the tentative breakdown below 1.2700 could prompt price action to target further downside, probably to 1.2500, according to James Chen, chief technical analyst at FX solutions as bearish momentum continues for the pair. “The underside of the just-broken uptrend line should now serve as forceful benefit conflict in the event of a major bullish pullback/correction.

EUR/USD (Aug 21 at 13:17 GMT)

1.2711/17 (0.02%)

H 1.2714 L 1.27025

S3	S2	S1	R1	R2	R3
1.2632	1.2663	1.2695	1.2708	1.2740	1.2772

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Aug 20 at 18:45 (15-minute timeframe)

Daily Exchange rates for worldwide currency

2010-08-20T02:36:00.000-07:00

	US Dollar	British Pound	Euro	Swiss Franc	Canadian Dollar	Hong Kong Dollar
US Dollar	1.00	0.64	0.78	1.04	1.03	7.77
British Pound	1.56	1.00	1.21	1.63	1.61	12.16
Euro	1.29	0.82	1.00	1.34	1.32	10.01
Swiss Franc	0.96	0.61	0.74	1.00	0.99	7.46
Canadian Dollar	0.97	0.62	0.76	1.01	1.00	7.56
Hong Kong Dollar	0.13	0.08	0.10	0.13	0.13	1.00

FOREX Awesome Info

2009-09-28T09:24:00.000-07:00

If we talk about Forex Awesome Info then trading is more popular than ever and for good reason: The currency market has the means to make someone a millionaire in a very short period of time. What is even better is the fact that you can become wealthy trading in the Forex market without having to have much start up capital, it is called super leverage! Of course, it is not easy to make money trading in the Forex market as evidenced by the droves that have lost it all trying to do so. In truth, this is a shame because making consistent money trading currency is not that hard if you follow a few basic principles and use the right trading indicator. Let's talk about this a little further.

European market inflation

2009-09-28T09:23:00.004-07:00

One of the reasons why the foreign exchange developed rapidly was the rapid development of the Euro dollar market. In a Euro dollar market, US dollar is stored beyond the border of America banks. Similarly, the European market is refers to property depositing outside the currency rightful owner country market. A Euro dollar market was formed at first in the 50's, at that time Russia deposited its petroleum income beyond the US border, avoid being freeze by the US government. This has formed a large offshore US dollar national treasury which is beyond the control of the US government. The American government has formulated a law to prohibited US dollar from lending money for the foreigner. Because the degree of freedom of the Euro dollar market is bigger and the rate of return is bigger, therefore it has large attraction. Starting from the 80's, the American company starts to borrow loan from the offshore market, they discovered that the European market is a wealth center which consists of large amount of floating capital which could provide short-term loan.

London once was (until now still is) one of the main offshore market. In the 80's, the Bank of England in order to maintain its global finance industry center dominant position, using US dollar as England pound substitution to make loan, thus to become a Euro dollar market center. London's convenient geographical position (is situated between Asian and Americas market) also helps to maintain the European market as the dominant position.

Exchange Rate

2009-09-28T09:23:00.003-07:00

Exchange rate, also known as the exchange price, it refers by a country currency being express by another country currency, or it is also the price ratio between both countries currency, generally it is being expressed by using the price proportion of both countries. For instance: USD/JPY=105.40, is being expressed a US dollar equal to 105.40 Japanese Yen, US dollar is also known as the unit currency, the Japanese Yen is known as the price currency.

In the foreign exchange market, the exchange rate is demonstrated by five numerals, for example:

Euro/US dollar: EUR/USD 1.3325

US dollar/Japanese Yen: USD/JPY 104.95

Pound/US dollar: GBP/USD 1.9337

US dollar/Swiss Franc: USD/CHF 1.2303

The exchange rate smallest change unit is, namely a final one-figure number digital change, is called an exchange rate basic point (Pip), abbreviation exchange rate spot, for example:

Euro EUR 0.0001

Japanese Yen JPY 0.01

Pound GBP 0.0001

Swiss Franc CHF 0.0001

Foreign Exchange

2009-09-28T09:23:00.001-07:00

Forex is the abbreviation for foreign exchange, refers to the foreign currency or the foreign country currency expresses which can be use in the international settlement payment means and the property, mainly it includes the credit instrument, disbursement voucher, the negotiable securities and the foreign exchange cash and so on.

The International Monetary Fund defined Forex as the international creditor's rights which a country has, no matter this kind of creditor's rights are express by the foreign currency or expressed by the standard currency.

The Function of the Forex Market

2009-09-28T09:22:00.002-07:00

The function of the Forex market relies on:

1. To balance the prescription of the Forex fund.

2. Provides method to avoid risk from the Forex market. Some companies or banks, because have the forward revenue and the expenditure activity from the Forex market, to avoid lost from the forward fluctuation, it is possible to do forward trading from the Forex market, to avoid the exchange risk.

3. To provide convenience for the Central Bank to stabilize exchange rate. Because Forex market can be intervened by the large inflow of short-term fund from worldwide which will cause the Forex market to be bullish or bearish, so the Central Bank must intervene in the Forex market, the Central Bank could stabilize the currency through the Forex market by buying and selling the currency in a very large amount.

The World's Biggest Liquidity Market

2009-09-28T09:22:00.001-07:00

The foreign exchange (Forex) is the direct exchange of currency between various countries. Presently, the trading volume of the Forex market has achieved 190 billion dollar, which is equal to 46 times larger than the futures market, based on this reason, this is the world’s biggest liquidity market. In most of the developed countries, the financial system is fully open and the Forex is being traded freely, Forex has become one of the markets which closely linked to the individual life.

In the past the Forex market is being carried out by the large funding banks and other huge fund managers, but along with the technology innovation and the development of the online transaction platform, the small Forex traders could also directly participate and makes profit from the Forex trading.

Forex Market Commentary

2009-09-28T09:21:00.001-07:00

Anonymous writes "Declining oil prices and weakness in other commodities sent stocks lower Tuesday, as investors took profits and beat up the stocks that led Wall Street's early January rally. The Dow Jones industrial average fell 48.51, or 0.45 percent, to 10,749.76. The Standard & Poor's 500 index fell 10.24, or 0.81 percent, to 1,254.78, and the Nasdaq composite index fell 13.84, or 0.61 percent, to 2,244.96. Crude oil futures dropped as U.S. weather remained mild, petroleum inventories remained strong and fears receded over possible disruptions to Iranian oil. A barrel of light crude settled at $63.09, down $2.02, in trading on the New York Mercantile Exchange.

U.S. Treasuries maturing in 10 years or more fell as demand at the first of three government debt auctions this week declined to the lowest since last February. Yields on all Treasuries are lower than 4.75 percent, the level to which the Federal Reserve is expected to raise its target for the overnight lending rate between banks at its next meeting on March 28. The benchmark 10-year note's yield rose 2 basis points, or 0.02 percentage point, to 4.57 percent. Gold prices declined. "

e-Forex

2009-09-28T09:19:00.000-07:00

Hello everyone

The new e-Forex magazine website has recently gone live at www.e-Forex.net
e-Forex is a leading international FX trading technology publication read by thousands
of retail traders, institututional traders, FX trading boutiques, hedge funds,
asset managers and currency investors around the world.

FOREX EDUCATION

2009-09-28T09:16:00.000-07:00

Realtime Forex understands the importance of knowledge in foreign exchange trading. We have therefore put together a set of educational tools to help traders serious about forex trading.

Mexican Peso Decline on U.S. Jobless Claims

2009-09-22T03:07:00.001-07:00

After rallying for several days in a row together with most emergent market currencies as optimism rose globally, the Mexican peso had its first decline versus majors as jobless claims are still on the rise in U.S., raising concerns of the employment conditions in the wealthiest country of the world.

Will the Pound Trade at 1-to-1 Versus the Euro?

2009-09-22T03:06:00.002-07:00

The pound continued to decline today versus most of the 16 main traded currencies on concerns that Lloyds Plc financial conditions are far from being sustainable, increasing speculations that the British banking sector may delay an economic recovery in the country.

Polish Zloty Declines on Central Bank Concerns

2009-09-22T03:06:00.001-07:00

The Polish zloty, one of the best performers among the Eastern EU members currencies this year had its rally halted today as the national bank indicated that a strong currency may jeopardize the economic recovery in one of the biggest European

Dollar Recovers on Banking Sector Concerns

2009-09-22T03:05:00.002-07:00

After hitting several lows versus multiple currencies during the past days as risk appetite surged in equities markets, the dollar rebounded slightly towards the end of this week’s session, as concerns regarding the global financial health brought risk aversion once again in evidence.

Canadian Dollar Drops From Record High on Stocks

2009-09-22T03:05:00.001-07:00

The Canadian currency did not manage to extend its rally that brought the loonie to the highest rate in one year as a corrective movement affected stocks today, influencing the loonie’s outlook negatively.

Brazilian Real Rises on Foreign Investment

2009-09-22T03:04:00.004-07:00

The Brazilian currency ended a third week of straight gains versus the greenback, the pound and several other major currencies as optimism and risk appetite is pushing traders to inject money in South America’s wealthiest economy.

FED Speculations Help Dollar’s Rally

2009-09-22T03:04:00.003-07:00

The dollar started the week rallying versus most of the 16 main traded currencies in foreign-exchange markets, as speculations among traders suggest that the Federal Reserve will not extend the current economic stimulus programs, indicating that the economy is recovering, rising attractiveness

Canadian Dollar Declines Further on Commodities

2009-09-22T03:04:00.001-07:00

The Canadian currency, highly linked to commodities and equities markets fluctuations declined today as corrective movements affected stocks globally, as optimism is not as significant as last week among investors.

Brazilian Real Down on Trade Surplus Revision

2009-09-22T03:02:00.001-07:00

Domestic and International events brought the Brazilian currency down today after touching the highest rate in one year last week, suffering the consequences of corrective movements in trading markets combined with a degree of pessimism.

Brazilian Real Down on Trade Surplus Revision

2009-09-22T03:00:00.001-07:00

Bank of England Forces Pound Down Once Again

2009-09-22T02:42:00.000-07:00

The British currency is trading at record low levels versus the euro and the dollar as the national central bank affirmed that the real exchange rates for the pound may have been affected by the crisis, shunning investors farther away from pound-priced assets.

Explosive Profits: 7 Reasons to Trade Forex

2009-09-17T21:40:00.000-07:00

There are many money-making opportunities out there and we've been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.

We've come to a few conclusions with the help of some well-known properity coaches.

Often people with the income they desire don't have the time to enjoy it. Those that have time don't often have money. You don't have to sacrifice your life-style to earn an above-average income. If you focus on the for a few months you can make that dream a reality and create time and money to do what you REALLY want.

To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it's a repeat type of product or service.

Money is a medium of exchange. There's no magical formula to possess it, you need to exchange something of value for it.

What if, you could have access to thousands of customers who are ready, willing and able to buy from you whenever you wanted? Wouldn't it be great to avoid any hassles like money collection problems (just had a delayed payment from my web business), keeping difficult customers happy (we all know what that's like), competition stealing your business without providing the same value etc.

All that is possible with . You can also trade from anywhere. Take your laptop with you, find an internet connection and away you go.

Article by Sorna Devadas

Forex The Future Investment

2009-09-17T21:38:00.000-07:00

There are many many advantages over the various other ways of investing. First of all it is a 24 hr market, except for weekends of course. You have the US market then the european and then the Asian. One of the great times to trade is during the over lapping periods. The USA and european overlap between 5am & 9am eastern and the Euro & Asian between 11pm & 1am eastern. Usually the busiest time and best to trade.

The is also the risk factor for the accounts. With futures and options you can get margin calls that can wipe you out. If you get caught in a bad trade not only do you lose the money in the account but you may have to come up with alot more from your pocket. It can be very risking. But not in Forex. Worst case senerio you could lose whats in you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day and leave it alone. If market takes a bad move and you weren't there. OOOPS. But That wouldn't happen with a smarth trader.

Then there are the demo accounts which is an account where you can trade using all the right things, platform,charts,and information. But you are using play money, or what we call paper trading too.

Plus with Forex you have a mini account. Instead of needing thousands of dollars to get into it. You can open an account with as little as $300.00. Now of course you will be trading at 1 tenth of a trade. IN other words you controling 10,000 instead of 100,000.00 These are call lots. Which also means you will only risk 1 tenth too!

So if you would love to learn to do investing and not have near the risk you really need to take a closer look at Forex trading.

Article by Mike Pachuta