On Friday the rupee faced up with its weakest level fall in this 3 month. The growing trade deficit and the nation economy are slowing down and so the rupee is low against the dollar. Before moving drastically to the level of 51.99 rupees against dollar it moved to 52.18 rupees which it faced in January 2012.

The unit key market level of rupee is 52. Associate director of the Commodities and Currencies, Naveen Mathur at Mumbai said that investors are scared and upset of the riskier areas to be invested and so they are moving their assets to the dollar value.

To boost up the economy and to refill the fuel energy, India planned to export the four fifth of the crude oil from abroad for their needs. Exchange of rupee for dollars is given when they purchase for the crude oil.

The rupee’s fall and low because of four major reasons.
1)    Global uncertainty
2)    Pressure from the oil importers to fuel up the economy
3)    No sustainability and falling range of the share prices
4)    Feeble domestic economic data

Beginning the first reduction in these three years, on Wednesday the central bank cut the borrowing rate very bigger than expected to the 50 basis points from normal. It is intervened to prevent the sharpness of the volatility.

The fiscal deficit offset and the India widening as the record has hit $184.9 billion. The rate cut would manage to flag the economic growth thinks the investors. The struggling global economy and the negative approach domestic data dealers said that the market would warn and test on the rupee of the mid-December.

In mid-December 2011 the rupee is 54.80 against dollar and February month 2012 it was at 48.67 rupees. Equity and debt of the share price plays an important role in the share price of rupees.

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There are so many various financial instruments else markets, which can be day traded and there are so many exchanges all over the world who offer them. The central and the highlighted types of the markets of day trading in the markets include the options, stock markets, options as well as the futures.

Among these mentioned kinds there exist the clusters of markets that are based on the stock indexes( like that of Dow Jones as well as DAX), the exchange rates of the currency( like Euro to US Dollar rate of exchange), along with the commodities (like gold and oil). All of these exchanges are accessible to the day traders and their respective markets through the brokers that have direct access, they are called so as they have direct access to offer to the related exchanges that give the provision of a faster execution of trade and that too at lower and reasonable costs. Day trading to be defined in proper words is specifically the buying as well as selling of the various and different financial instruments, like that of future, stocks, currencies as well as the options with the purpose and goal of creating a profit from the difference that comes between the selling price and the buying price.

There is a slight difference between day trading as well as various other styles of trading in ways that the positions are seldom to take place overnight or at the times when the place of trade that is the market is being closed.  This option of day trading was initially only available to the financial companies such as the banks, as is were only them who had access and reach to the data of the market as well as the exchanges. But the recent technology made things different. Internet makes possible for individual traders to connect with the exchanges as well as the market data.

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In the past, a currency market was divided largely by geography and technology. Even the ancient trade markets had barriers in language and transportation. Today we have so many different currencies since over time they evolved naturally into what we see today. Centuries of necessity and barriers that no longer exist; are we ready for a single currency money market? With the advent of the internet, the world is so intrinsically connected that it would be a simple task to get up to date news from the other side of the world instantly. The world truly becomes one big connected playground with the only thing holding us back being a 6-hour sleep period recommended for a healthy life.

Advantages of a Single Currency Market

When considering the trading of single currency in the market, there are always going to be advantages and disadvantages for every global change. One of the advantages of a one world currency market; foreign exchange would no longer be a term since we’d all be citizens of the world. We’d all share the challenges and difficulties with each other rather than profiteering off of weaker countries. The forex currency market would have to evolve into trading different commodities, which in itself is a point that has both pros and cons. With a single world currency, there would be no need to verify or exchange values of currency resulting in much quicker bank and market transfer times. Typically it can take several days for an approved transaction to go through; sometimes this really limits the possibilities of your trading the currency market.

Disadvantages of a Single Currency Market

However, the disadvantages of a single world currency is something far more forex traders actively speak out against. The biggest warning sign is the Euro Zone crisis; if 17 countries cannot operate under a single currency, how would the entire world fair under one. One futurologist suggested we’re more likely to invent and operate communication through telepathy before a single world currency will exist. The highly flexible currency market rates put to death and give birth to many currencies, but it’s unlikely any one world currency will become a reality any time soon if at all. One major problem is that if a single world currency were to fail, there would be nothing else to trade against and monetary value as we know it would collapse.

The Reality

So while a romantic notion, the idea that the world could function and survive on a single world currency is something best left for the science fiction novel. Computer chips in our arms controlling our monetary value and operating a single worldwide currency sounds convenient to the individual, but the truth is the business world requires what’s best for entire companies to aid survival. The currency market simply isn’t ready for one worldwide currency and we’re definitely better off without it; for now.

Eugene Calvini is a writer and an avid forex trader; observing MT4 indicators and armed with a Metatrader 4 demo account he shares his experience and unique insight into the currency markets.

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1. Sterling posted gains vs the single currency, with the market forecasting no change in MPC policy
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On the close of Friday trade dollar was down than the Swiss franc value but on the announcement of bin laden death on Monday, in the opening trade of Tuesday trade the dollar gained value and has climbed higher than the Swiss franc value. The Swiss franc has come off from its all time peak high values against dollar.

The dollar gained these grade ups as the US had a secret operation which killed the al Qaeda leader, laden. This news have ensured the investor that they may experience the higher value index in future whereas the crude oil and Swiss franc may seems to be decreased or lowered.

Some traders felt that they dollar value against other currencies and commodities are sold for a fair cost regardless of its weakness. Chief dealer at a trust bank, katsunori kitakura said that the dollar is back to its game in trade and there will not be much difference in the easy policy. However the selling of the trade was not usual today as it has crossed much far distance.

At trade of Swiss franc against euro, franc was at 1.2856 per euro which says that it has lowered for 0.3% from previous trade value. At the trade of Swiss franc against dollar, franc value is at 0.8681 which implies that it has lowered 0.4%. Price moves is much more rapid in many markets of Asia and Britain country because this is the holiday season where shopping would be higher.

European central bank (ECB) said that they would favour the positive rise in euro and they didn’t get any price rate hikes from the Swiss national bank and so the hike will be decided in June and from then there would be no slip in their ranges. Swiss national bank said that their interest rate would move for 25 basis points in the month of September.

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In the trade market the common factor that is being discussed is about the issues of dollar value weakened in overseas. Euro claimed higher than the dollar value. The price rise is mainly due to the anti inflation signal provided to the European countries and by the central bankers.

The trade on the Monday had notified the increase in the value of euro. The value of euro on Friday trade was at $1.3749 and it reached $1.38 and then climbed little higher to $1.3803 on the trade value today (Monday).

Dollar has tried to reach little high against yen when compared with the Friday trade market range. Friday it was at 81.68 and now it has reached 81.79. As the relief in oil prices in at experience but still the fights of the Libya in the trade market persists.

Monetary tightening and the inflation at oil, food and other commodities seem to be the major factor that controls the trade market. The public concern on the trade when asked, we would know that whole the market is looking forward for the, Ben Bernanke, Chairman of US Federal Reserve and a testimony from him to congress probably and possibly tomorrow.

After the ECB meeting that is being planned on Thursday, Jean Claude Trichet, chief of the European Central Bank will produce his comments on the inflation rate. However, regardless to these facts, Nick Bennenbroek said that the forex market is facing the “decisive points”.

The dollar value however has been to 0.9286 in today’s trade from 0.9279 on Friday trade against the Swiss franc. The pound trade against the greenback value is now at $1.6255 where it was previously at $1.6117.

However, only the dollar value has to give an appropriate solution for the question whether the dollar value will continue to decline or is there any chance in the rise in their values.

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As far as the Canadian dollar is concerned the first half of this week wasn’t that good, but its losses were offset in the second half of the week, when the currency went upward even though the persuasion was favoring safety.

The depressing macroeconomic data and the strong performance of many other currencies have led to the weakness of the Canadian dollar. Yet on Thursday the Canadian currency had reversed the trend. The gains on the CAD erased the losses against some currencies and allowing to post a weekly gain against others.

This rally can be explained by the best economic reports from the US, which is the major trading partner of Canada, and some signs of economic growth in Canada. But the most interesting fact was the twist in the behavior of the Canadian currency. CAD, being the currency related to growth, usually rises in the times of stability and will fall in times of instability, thus moving reciprocally to the US dollar, which is the safe currency. But in the 2nd half of the week the greenback was rising and commodities were falling in the market. Yet the Canadian dollar was rallying, along with the US currency, not commodities. So the interesting question arises: was that just a temporary tendency or we were seeing the outgrowth of a new safe currency.

USD/CAD closed at 0.9867, which was near its opening level of 0.9871, after it bounced as high as 0.9987.
EUR/CAD opened at 1.3392 and closed at 1.3367 after reaching the weekly high of 1.3658.
CAD/JPY opened at 83.29, fell to as low as 82.34 and then it advanced to 84.54.
AUD/CAD closed at 0.9886 after opening at 1.0003, which touched the weekly high of 1.0125.

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The Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week.

Brazil is one of the main metallic commodity exporters in the world, and uncertainty brought by U.S. and Chinese statements regarding new financial regulations for loans in both countries still impacted market sentiment today, decreasing demand for raw materials and riskier assets globally, forcing the real to trade near the lowest price in 2010 reached last Friday.

USD/BRL closed today at 1.8240 from an opening rate of 1.8155.

If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the

key-economic regions around the world.

Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble in Asia and Europe, decreasing attractiveness for the real which lost sharply versus a more appealing U.S. dollar as traders searched for safety.

USD/BRL closed at 1.7895 today from an opening rate of 1.7715.

If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.

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After a week of losses versus most of the main traded currencies in

foreign-exchange markets, the Brazilian real advanced today fueled by a positive performance in commodities and equities markets.

The Brazilian real gained today versus the yen and the U.S. dollar as demand for commodities and optimism regarding the nation’s economy allowed the South American currency to revert a negative trend that lasted five consecutive days. A great sum of capital inflows to Brazilian stocks also influenced on the good performance of the real this Monday.

USD/BRL traded at 1.7661 as of 19:54 GMT from an opening rate of 1.7715.

If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The U.K. currency profited today from an increase in the nation’s house prices, fueling even further speculations that the recession might be ending in Britain, attracting investors to purchase

pound-priced assets in a day of bullish equities markets in London.

In a day of predominant risk appetite as commodities and equities advanced in the U.K., the pound profited from an optimistic scenario in the country as Rightmove Plc, a leading British real estate website, indicated that house prices increased last month, adding evidences for speculations that Bank of England’s current asset purchase program may expire next month and not be extended further, which would certainly allow the pound to climb in foreign-exchange markets. The euro posted a slight decline versus the sterling as traders remained skeptical regarding Greece’s budget deficit and the European Central Bank’s capability of rescuing the Southern European nation from a financial collapse.

Several analysts believe that the pound may outperform multiple key-currencies in foreign-exchange markets this year, as the recession fades away and according to some speculations, the country’s currency would be undervalued. If positive data continues to be published the pound may experience a sharp rally, specially versus a less attractive euro in the following weeks.

EUR/GBP traded at 0.8803 as of 16:14 GMT from an opening rate of 0.8821 when markets opened yesterday. GBP/USD climbed to 1.6333 from 1.6258.

If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Canadian dollar started another week trading high versus its U.S. counterpart as markets that influence its rates rallied in the start of this week, specially energetic and metallic commodities, before tomorrow’s interest rate decision in the North American nation.

After a rather bearish past week for the crude oil which posted consecutive days of losses as risk aversion rose in Europe and China, the Canadian dollar benefited from a rebound in the oil rates today, as future contracts advanced for the first time in six days. Canada is also a metallic commodity exporter, and as the copper advanced together with stocks in Europe, the loonie advanced significantly versus the greenback in a rather calm trading session due to a bank holiday in the United States. Commodities and equities rates fueled by risk appetite are maintaining the Canadian currency among the best performers this year in foreign-exchange markets.

Analysts remain very confident that the rally in commodities will set the loonie to parity with its U.S. counterpart at some point this year, as the global economic recovery is likely to push the oil and metals up, as manufacturing sectors in Canada’s main trading partners are increasing demand for raw materials by the day.

USD/CAD traded at 1.0254 as of 14:49 GMT from a previous rate of 1.0293 when markets opened yesterday. CAD/JPY advanced to 88.44 from 88.07.

If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Canadian dollar declined versus its U.S. counterpart and

lower-yielding currencies as risk aversion rose impacting markets with extreme influence in the loonie rates, those of raw materials and equities, which dropped globally this Friday.

The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto. China’s new tightening lending policy declined appeal for high-yielding currencies, and despite U.S. mediocre data published in reports this Friday showing a slow down in the country’s inflation, the greenback advanced versus the loonie after touching a three-month low earlier this week.

The Canadian dollar has been fluctuated in almost perfect correlation with commodities in the beginning of 2010, despite the country’s fundamentals, which are also adding confidence for the loonie to gain in currency markets, according to analysts. As the crude oil retreated below $80 a barrel, the loonie’s rally was halted, but may continue if risk appetite returns during the next weeks.

USD/CAD traded at 1.0284 as of 16:38 GMT after touching 1.0219 yesterday. CAD/JPY declined to 88.27 from 88.85.

If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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Speculations that demand for commodities will continue to grow in the U.S. and globally are helping the Canadian dollar to benefit from this scenario as exportation of raw materials account for half of the country’s trading revenue.

The Canadian rose against almost all of the 16 main traded currencies as metallic and energetic commodities abundant in the country are experiencing a high demand as the global economic recovery spurs demand for raw materials. Canadian fundamentals are also stronger than most of its main trading partners, and the loonie rose versus the greenback today as U.S. retail sales declined, touching the highest level in three months versus its U.S. counterpart. The loonie also gained considerably versus the euro as several Eurozone member countries are struggling with deteriorating budget deficits.

Not only the demand for commodities but also the Canadian economy seems to perform better than the several wealthy nations as the U.S. and the U.K., this is bringing investors to the country, according to analysts. If the Bank of Canada doesn’t express concern, it is likely that the loonie will reach parity with the greenback at some point this year.

USD/CAD traded at 1.0252 as of 18:17 GMT from a previous rate of 1.0308 yesterday.

If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The dollar had a mediocre performance today losing versus a considerable number of currencies after the nation’s central bank was not so optimistic regarding the U.S. economy recovery, declining appeal for the greenback.

The dollar posted a disappointing performance in a day were equities and commodities markets increased appeal for higher-yielding currencies. The British pound posted another advance versus the greenback as Bank of England’s policy markers signaled that interest rates in the U.K. are due to be hiked at some point this year. The Federal Reserve stated that a modest economic recovery is taking place in the U.S., fact which traders interpret as a delay in forecasts of interest rate raises, which is certainly declining the attractiveness that fueled a dollar rally versus most of the main traded currencies in December.

As speculations of immediate rate hikes fade away in the U.S., the greenback rates will be more determined by the pace of recovery in the country compared to other economic regions throughout the world, specially in Europe and Asia, where the main U.S. trading partners are located.

EUR/USD traded at 1.4506 as of 20:57 GMT from a previous intraday rate of 1.4480 yesterday, in a session of high volatility for the currency pair. GBP/USD trded at 1.6286 from 1.6171.

If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Australian dollar fell sharply versus

lower-yielding currencies today as a real estate report declined optimism regarding the South Pacific economy, in a day were commodities and equities markets which have a strong correlation with the Aussie, declined.

Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks.

AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.

If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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After several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.

The Norwegian krone was affected today as the crude oil, the nation’s chief export, had a decline on its rates after China imposed new lending requirements for banks in the country, affecting markets’ sentiment, consequently impacting stock markets and demand for high-yielding currencies.

USD/NOK traded at 5.6518 as of 19:08 GMT from today’s opening rate of 5.6174.

If you want to comment on the Norwegian krone’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Canadian dollar had its rally towards parity with its U.S. counterpart halted after a monthly trade deficit was posted today, raising doubts that the nation’s economy is not going as good as some analysts like to believe.

The loonie had a disappointing surprise today as Canada posted a trade deficit of more than $300 million while forecasts suggested a surplus of $500 million, surprising traders and affecting the outlook of one of the best performing currencies so far in the beginning of 2010. The Canadian dollar had profited so far this month from high risk aversion and an increasing demand for the nation’s commodities, which influenced the Canadian economic expectations, impacted today showing traders that Canada’s resilience is not as high as previously imagined.

Doubts regarding the overconfident Canadian economic outlook helped other currencies to pare losses versus the loonie, specially its U.S. counterpart, which jumped from the lowest rate almost 3 months versus Canada’s currency. Monthly reports can be deceiving thought, as seasonal adjustments may hide the actual economic scenario of a country, which is the case of Canada, is still above the average.

USD/CAD traded at 1.0362 as of 16:39 GMT from a previous rate of 1.0334. CAD/JPY tumbled to 87.59 from 89.09.

If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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In the first day of trading for Russian stocks in 2010, the national currency posted a sharp rise as equities in the country, extremely related to commodities, climbed with full force, as stock markets in the country were closed last week.

The ruble benefited today from a strong demand for oil in the Northern Hemisphere as this winter is being of the most intense during the past decade, forcing the crude beyond $83 a barrel, allowing Russian stocks to gain sharply and consequently providing support for the nation’s currency to post the sharpest advance in a decade today versus the greenback.

USD/RUB closed today at 29.30 today from an opening rate of 29.868, a decline of almost 2 percent.

If you want to comment on the Russian Ruble’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The Canadian currency started another week strong versus several main traded currencies, specially lower yielding options, as demand for commodities continues to bring capital to Canada, the biggest oil supplier for the United States.

The rising demand for energetic and metallic commodities is helping the loonie to remain as one of the best bets in foreign-exchange markets in the beginning of 2010, as commodities exports are responsible for around 50 percent of Canada’s international trading capital inflows. This Monday, the Canadian currency gave another step towards parity with its U.S. counterpart, despite retreating later, trading at the highest level in almost three months, as the global economic recovery is providing support for traders to take further risks raising equities rates, which also have a strong correlation with Canada’s currency price.

Analysts are very confident regarding the loonie’s strength as no fundamental or technical factor is so far being an obstacle for its advance. The Bank of Canada may, at some point, halt its currency rally, as it had already done it in late 2009, alleging that a strong currency may affect the country’s exports, and consequently, its recovery.

USD/CAD currently trades at 1.0306 as of 14:17 GMT after bottoming at 1.0250 two hours earlier, and from as high as 1.0372 last Friday.

If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

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The United Kingdom has been showing itself as one of the least resilient nations among the wealthiest countries in the world, and its weak economic data combined with a ineffective monetary policy is likely to set the sterling further down in the first semester of 2010, specially versus

higher-yielding options

Bank of England policy makers insisted to extend its so far frustrated bond purchase strategy, injecting its remaining 200 billion pounds on the program, as interest rates remain at an all-time record low of 0.50 percent, maintaining the pound’s outlook negative, specially as the traders started the year with high levels of risk appetite. Commodities linked currencies like the Australian and the Canadian dollar are likely to rally further versus the pound this year, and demand for energy is likely to favor these oil producer’s currencies, specially for Canada’s currency, as the winter in the Northern Hemisphere has been one of severest in the past year, increasing demand for energy in the United States.

This week will be marked by a monthly manufacturing production report in the U.K., which has provided mixed data in the past months, but nevertheless, as analysts aren’t very optimistic regarding British economic growth in the first quarter of 2010, the pound has considerable odds to lose further versus the currencies above mentioned.

GBP/CAD started this week trading at 1.6495 from as high as 1.6850 one week ago.

If you want to comment on the Great Britain pound’s recent action or have any questions regarding this currency, please, feel free to reply below.

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