Posts Tagged ‘Currencies’

Will The Australian Dollar Continue to Rise in 2012?

Posted by Tushar Mathur on April 24th, 2012

In this post I aim to answer the question: Will the Australian dollar continue to rise in 2012? This might be useful if you’re considering moving to Australia and want to know the best time to change currencies, or if you’re just interested in economics.

In short, it depends. In fact no one can accurately predict if a currency is going to rise or fall, and if they tell you otherwise they’re lying. Predicting currency movement is something highly trained traders in financial centres across the world get paid to do, and even they get it wrong a lot of the time.

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How the Value of Currency is Determined?

Posted by Tushar Mathur on March 23rd, 2012

The price termed as Fair Market Value is the one at which there is a eager buyer as well as an interested person there to provide with the sale come at one place together. The person who has come for the purchase has to keep many things under consideration in order to make accurate assessments regarding the value of the currency at a particular time. There happen to be around 180 varieties of the currencies at the moment in the world. The factors that are made use of in order to determine the value of the currency can be stated as follows.

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Euro facing pressure, dollar jumps high against yen

Posted by Tushar Mathur on March 13th, 2012

On Friday, dollar investors said that dollar has showed off its best jump against various currencies in this year. Even when other economies seem to struggle the US economy is still strong by the strong jobs data that it possess. This is dollars best run in almost 5 years.

With the 11 month high against yen it is been at 82yen per dollar. The greenback reported that this is the fifth week gain of the dollar against Japanese currency. In spite of the fear that is prevail about the euro zone recession, the euro value is been taken down to 3 week low and now at $1.3095.

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Hedging in currency trading – How does it work?

Posted by Tushar Mathur on March 8th, 2012

Hedging is a weapon or the tool that is brought into use that prevents from various risks that can affect the market such as the fluctuations in the currency or the protection against risk exposure. The procedure of currency trading is like either a company else a club or a broker for that matter would ask to buy one currency like that of the United States Dollar and make a sale of the British pound in return.

The process of buying as well as selling determines the work that is actually being done by the economy.

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Day Traded Financial instruments – Currencies

Posted by Tushar Mathur on February 24th, 2012

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).

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3 Factors That Will Affect the Exchange Rate between Two Currencies

Posted by Tushar Mathur on February 14th, 2012

Many factors affect the exchange rate between two currencies, the 3 most important ones are discussed here!!

With the rapid increase in globalization connecting different parts of the world the globe is getting smaller and smaller day by day. Gone are the times when the economy sustained itself by restricting trade within its boundaries. The picture of imports and exports is constantly jutting out. This makes the concept of “exchange rate” even more important.

Exchange rate between two currencies determines how much a country is required to pay for imported goods and also how much it is required to receive for the exports.

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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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