Posts Tagged ‘Currencies’

Forex Forecasting – How Technical Analysis Predicts Trade

Posted by Tushar Mathur 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.

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The Best Daily Forex Trading Times Worldwide

Posted by Tushar Mathur on November 8th, 2011

If you’ve recently entered the exciting world of forex trading, you’ll know that the global market is open 24 hours a day, meaning you have a great deal of flexibility when trading – but which forex trading times are the most active worldwide, and which hours of the day will trading prove the most lucrative?

Because the forex market is so dynamic and volatile, traders find there are several time frames over the course of a day where they can make a substantial profit. For best results, it is essential to have a clear understanding of international forex market trading times, and identify which time frames include the highest volumes of forex transactions.

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Rupee strengthened, local share up, high dollar demand

Posted by Tushar Mathur on November 7th, 2011

Rupee is been strengthened in the third session on Friday and the local share has gained a fully fledged expectation because of the foreign funds. Nevertheless the dollar demand is also weighed and these oil refiners are seem to putting the lid of gain from overseas. The euro seems to gain a referendum call from Greek government and Italy.

Expectation of the dealer is that the local unit is at 48.80 to 49.20 every day. At Thursday close of rupee was at 49.14/ 49.15 however at Friday opening it was at 49.08/49.09 per dollar. It has developed far from the ranges 48.98 to 49.11 every day.

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Broadly stable against euro and dollar: Swiss franc

Posted by Tushar Mathur on August 29th, 2011

On Friday investors of Swiss franc were much awaiting on the key note that was given by US Federal Reserve and the chairman was Mr. Ben Bernanke on the third round of quantitative easing. However the stability of the Swiss franc against euro and dollar was declared on Thursday themselves.

At New York close the Swiss franc value against euro was 0.1% lower than the normal. The Swiss franc was traded for about 1.1482 per euro on Thursday at 06:52 in the Greenwich Mean Time (GMT). Tight ranges at the local demand at the market have however reflected in trading forex market range, traders said.

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Kenya shilling edged up and peak tourism season

Posted by Tushar Mathur on August 2nd, 2011

On the Monday forex trade the Kenya shilling firmed high against dollar. The cause for this high is that the dollars has been reduced among the traders. The currency would get their support from the tourist as the tourism season has been started and it would extend for a month, so that the Kenya shilling will be steady high for at least four weeks.

On the close of Friday trade the Kenya was at 91.10 to 91.20 however at the opening and close of the Monday forex it was at 90.90 to 91.10. The statement about the firmer Kenya against dollar was produced by the commercial banks.

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Indian rupee ended 5 paise down

Posted by Tushar Mathur on July 26th, 2011

Indian rupee today (Monday) had declined by 5 paise to close at rupees 44.40/41 per U.S dollar due to the month end dollar demand.At the Interbank Forex market, Our Indian rupee opened weak at 44.40/41 per dollar from last weekend’s close of 44.35/36.

The Forex (Foreign Exchange) dealers said that the primary reason behind the fall of Indian rupee was because of the month end dollar demand from the importers, mainly the oil refiners, to meet their monthly needs.

The forex dealers also said that, However, firm equities among a weak dollar overseas crested the rupee fall.

The U.S dollar index was citing lower by 0.09 % against a basket of currencies while the New York crude oil was dealing lower than $99 per barrel in the European market today.In the meantime, the BSE (Bombay Stock Exchange) benchmark Sensex today gained 149 points to a 2 week high of 18,871 points.

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1% weak against dollar: South Africa’s rand

Posted by Tushar Mathur on May 25th, 2011

South Africa’s rand on the trade in the Monday morning is weak against the dollar for 1%. This weakening is mainly due to the fall in the government bonds and larger response provided for the euro where dollar were not appreciated and this is persistence from last week where the South Africa’s rand is very low comparing with the last four month bond value.

At the close of trade at Friday, the rand was at 6.9060 however the rand at today’s trade was at 6.9729 where it is fallen 0.0241 points (i.e.) from 6.9970.

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Kenya shilling firm against dollar

Posted by Tushar Mathur on May 21st, 2011

The banks continues to set position for long dollar after they have heard from central bank which said that it doesn’t want any of the weak local currencies. This declaration made the Kenya shilling to be firm up against dollar on the Friday trade. However, this state only prevailed before also. From Diamond Trust Bank, the head of trading, Mr. Sameer said that the banks are struggling to cut through the long dollar positions.

According to the situation prevailing in here, the expectation is that it must be lowered before the demand for the dollar is been increased.

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Swiss franc came off rising the dollar value on laden’s death

Posted by Tushar Mathur on May 5th, 2011

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.

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Yuan has increased gradually higher against dollar

Posted by Tushar Mathur on April 28th, 2011

Yuan has received recent appreciation for becoming gradually higher at values against dollar. On the opening of Wednesday trade, dollar was seem to be lower against the major currencies and so Yuan is little higher and bank of china has fixed this higher value for Yuan against dollar.

On the view of traders they exclaimed that the Federal Reserve Bank has made their decision of the reinforcing of dollar value as it has been weak over the market values. However, before their decision makings Yuan had they fixed market values. Nevertheless this decision will comfort dollar and make it an ultra easy to invest in.

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Kenya shilling is barely steady against dollar

Posted by Tushar Mathur on March 21st, 2011

Shilling rate on the close on Friday was at 84.55/65. At the opening of today’s trade (Monday), the commercial bank estimated its value to be at 84.50/60. Investors had a deep breath and a close look to see whether the shilling is moving to have a sharp strengthening period over the dollar.

Many of the major currencies are already little higher than the dollar value. On March 15 as estimated report says the shilling reached to its all time low value of 86.70/80 per dollar. Central bank has therefore planned to have regular report on the activities of the shilling.

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Rupee had its tough time with local shares

Posted by Tushar Mathur on March 13th, 2011

Due to some issues in the domestic local shares and weaker Asian peers the rupee has been drifted little low. At the end of the week it was at 45.24/25 per dollar however, it was at 45.18/19 on the edge of Thursday which was 0.1% weak.

Head of the forex (foreign exchange) trading at the HDFC bank at Mumbai, Ashtosh Raina said that the value of dollar will be rising at an effect of tsunami at Japan. This fact has reduced the value of rupee against dollar. The combination of both rise and fall seem to occur at trade.

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Euro rose against the dollar

Posted by Tushar Mathur on February 16th, 2011

Values of Euro have risen against the dollar in Asian trade believing that it would help in reconstructing the deal with the German leader. From $1.3488 it has stretched to $1.3526 in the trading market. The currency value of yen has been raised from 112.97 to 113.27 in the nights of Tuesday.

The dollar traded value in the means of yen has been little high in one point range. Their value has reached 83.93 yen from 83.74 yen. Yuzo Sakai, manager of FX business promotion situated at Tokyo Forex said the concern with the westLB has disturbed the euro in past few days.

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Is Canadian Dollar Becoming Safe Currency?

Posted by Tushar Mathur on February 12th, 2011

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.

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Make Money with Automated Trading Signals

Posted by Diya Sen on January 5th, 2011

For those who are new to the Forex market and a novice, Forex is all about the rise and fall in currencies and economics, given the political scenario and situation. The overall environment affects the currencies that belong to different counties and are traded in the market. End of the day, it is all about making profit with the news and being able to analyze it to your benefit. Traders who are into forex trade know and can translate the news act accordingly with the currency that they are trading in the Forex market.

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