Yuan – Mild appreciation, single day rise in month

Posted on February 5th, 2012

Yuan scored greatest points by rising a single day for the entire month. This biggest score was marked on Yuan close on Tuesday against the dollar. In mid of the February the Chinese leader (Xi Jinping) has planned a visit to USA. Amid markets guaranteed that they would provide strength to have big base for the appreciation.

For fore coming weeks the Yuan will be marked to rise for 6.30 per dollar and then it would obtain the narrow range of rest for about the quarter. Impact will be from the euro debt crisis and weak global economy and not from anything else, the china reported.

Click to continue reading “Yuan – Mild appreciation, single day rise in month”

The Sovereign Debt Crisis: What the Future Holds

Posted on January 31st, 2012

The sovereign debt crisis is a term on the lips of all market watchers. It first worked its way into Europe in 2010 but has since spread across the Atlantic and to Asia. When France lost its AAA ranking by Standard and Poor’s a mere week ago, it meant that all of the world’s five largest sovereign borrowers (China, Japan, Italy and the United States) are now without their AAA rating. Beside the escalation of the sovereign debt crisis in 2011 these countries still have massive budget deficits and seem unwilling to tighten the belt.

Click to continue reading “The Sovereign Debt Crisis: What the Future Holds”

One African Currency

Posted on January 27th, 2012

African currencies are hardly considered significant when it comes to forex trading and global markets, but with a single currency being proposed by the African Union for implementation in 2023, it’s worth speculating about what it could mean for the continent.

The hypothetical names being proposed are the Afro and the Afriq. Interestingly, the suggestion of a single currency, though rejected as impractical at the time of suggestion, was originally made by Muammar Gaddafi. The unpopular warmonger also wanted a single military force and passport system, but his monetary idea obviously planted a seed that’s been steadily growing.

Click to continue reading “One African Currency”

Forex Forecasting – How Technical Analysis Predicts Trade

Posted on January 27th, 2012

For the currency trader, forex forecasting is one of the most useful tools that he or she can have in her arsenal to be able to predict the outcomes of the market and give themselves an upper hand in the markets. In the realm fo trading forecasting in the forex markets can be used by traders to indicate to them what the changes in the trading market may become and these rest on two different types of forecasting. Firstly, and often more of a prophesising method of forecasting is the science of fundamental analysis.

Click to continue reading “Forex Forecasting – How Technical Analysis Predicts Trade”

Yuan rose, weakening dollar, stronger GDP data

Posted on January 23rd, 2012

A better GDP data is been marked up than expected. The dollar is therefore weakened when compared with that of the Yuan value raised. A stronger central bank mid point is been obtained due to the Yuan value raised with that of the Gross Domestic Product rate, on Wednesday.

The central bank has set the midpoint at 6, 3205 and on Wednesday the Yuan was at 6.3120. Nevertheless it is 30 pips higher than its previous days (Tuesdays) close. Yuan earned appreciation in its recent week with that of the fear in the economy slowing down.

Click to continue reading “Yuan rose, weakening dollar, stronger GDP data”

Sterling hits 17 month low against dollar, high against euro

Posted on January 16th, 2012

On Friday, the sterling was high against the struggling euro. The euro for past week it was reported to be 16 month low against dollar however on Friday they said that euro has been at 17 month low.  Later on a day count the sources for the euro zone government informed that the Standard & Poor cut the ratings to low grade.

Warning was made on December regarding the cuts in the rates. This lower of rating has been across several countries and even the Germany was not included in the list.

Click to continue reading “Sterling hits 17 month low against dollar, high against euro”

90% Mortgages in the UK

Posted on January 2nd, 2012

“The following is a guest post.”

If you are planning on buying your first home then you have no doubt been saving for a number of years to come up with the minimum 10% deposit required. This comes to around £16,000 on an average priced home in the UK.

There are a number of lenders who are offering 10% mortgages. In reality, however, coming up with a 10% deposit is not as easy as it sounds.

When you compare mortgages you will no doubt come across a number of attractive offers, but be careful with the small print and take care of pre-existing loans and other debts to help you qualify for the best option.

Click to continue reading “90% Mortgages in the UK”

Yuan gradually down against dollar, Chinese trade in narrow range

Posted on December 26th, 2011

PCB (People’s Bank of China) set the weaker midpoint and after that on the forex trade the Yuan has slipped or fell slightly against the dollar value. However Chinese traders have informed that they would mostly trade in a narrow range of value. Yuan seems to have some potential depreciation because the pressure of the bank has been terribly imposed on the Yuan which caused the pullback in the value of it.

Dealer from the Beijing bank reported that the trading value seems to be so volatile. There seemed a strong intention on the Yuan depreciation because when the Yuan hit the range of 6.35 and at that time the central bank intention was totally focused on bringing down the Yuan.

Click to continue reading “Yuan gradually down against dollar, Chinese trade in narrow range”

An Introduction to Candlestick Charts

Posted on December 8th, 2011

Candlesticks were originally developed by Japanese traders who used it to analyze the price-movements only in RICE commodity and find the weakening trends and the potential trend reversals. Those days, candlesticks came in many colors including Blue, yellow, Green and the red but over a period of time, candlesticks have lost their colors. Now they come only in Green and Red but that doesn’t mean that they have lost the respect they command. The application of Candlesticks has got even finer now with multiple applications, chart reading patterns and trading opportunities coming out of these and thus the reason why candlesticks still continue to enjoy the patronage of the best of the traders, financial institutions and also the Banks.

Click to continue reading “An Introduction to Candlestick Charts”

Sigh of relief on euro debt crisis, euro holds steady

Posted on December 3rd, 2011

Traders and investors on the euro debt crisis have breathed a sigh of relief as the euro holds strong against dollar and yen. The sales rate of the European bonds has raised their confidence level in the debt. Now it is $1.3456 and 104.68 yen per euro in the forex market trade in the afternoon in Tokyo.

Nevertheless on Thursday in the close on New York trade it was $1.3456 and 104.56 yen per euro. Dollar has risen for about 0.13 yen, which is 77.79 yen from 77.66 yen. The release of the US nonfarm payrolls data will make vast difference in the world’s biggest economy.

Click to continue reading “Sigh of relief on euro debt crisis, euro holds steady”

Loss in Domestic equities, rupee fall

Posted on November 27th, 2011

On Friday forex trade, Indian currency rupee fell with the loss in the domestic equities and euro debt crisis has been spiraling down in the dented lack of risk. However ECB (European Central Bank) will interfere in this crucial case and will see to the sharp slide in the rupee is limited to its drop.

On Thursday it was at 52.06 initially and as the day moved on it reached 52.46. On Friday, Rupee ended in the 0.3% weaker price range compared with the Thursday’s close and now it is at 52.23 per dollar.

Click to continue reading “Loss in Domestic equities, rupee fall”

Euro rose against dollar with euro debt crisis and pressure on ECB

Posted on November 20th, 2011

On Friday the euro has rosin against the dollar however few days back it was 5 week low against both the dollar and yen. However, the traders were not aware of its rise anyway. The fear of euro was intensifying before a week and it is not anymore. The investors who had their bet on this single currency “euro” have been unwounded and they have their profits in hands.

The thirst to sell the upticks has been increased with the debt crisis in the euro zone. Pressure is been resting upon the ECB (European Central Bank).

Click to continue reading “Euro rose against dollar with euro debt crisis and pressure on ECB”

Yuan ended down slightly against dollar

Posted on November 17th, 2011

On Monday forex trade the Yuan ended slightly down against the dollar after the china’s central bank has given a notification on the set of the midpoint value change. Hu Jintao, Chinese president decided that the government has planned to keep the Yuan steady for a while and so it has been slightly down.

Chinese president added that however, because of this decision neither the US trade nor their employment problem that prevail over there is not being solved even they used to have a greater appreciation in Yuan versus dollar.

Click to continue reading “Yuan ended down slightly against dollar”

« Older Entries
Newer Entries »



RSS FeedSubscribe to our RSS feed!