Posts Tagged ‘Currency’

Dollar vs South Africa’s rand, bonds interest foreigners

Posted by Tushar Mathur on October 16th, 2011

South Africa’s rand seems to be strong and firm against dollar. They have been at a set in the end of this week by 2.5% gain. It needs to be intact and steady for the next course of five days of trade. The reports and chart produced signify that the South Africa’s rand may close below 7.80 in course time of this week.

This close of 7.80 will indicate that the recent firming trade will however continue in future. Over the last five sessions in forex, the government bonds of South Africa’s rand is been strengthened as many foreign investors are showing their interest in buying them.

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Slightly weaker midpoint and edged lower against dollar: Yuan

Posted by Tushar Mathur on September 20th, 2011

On Monday the Yuan seemed to be lower against dollar since after the central bank was slightly weaker in the mid point in the strengthening of the dollar (US currency). The stall for the dollar has been begun initially from this month with the opening ceremony by Yuan. However, the appreciation of the Yuan against dollar was lower in the beginning of the month.

In the month of the august, the real value about the Yuan rose for about 2.28% and as per the latest data published this weekend by the (BIS) Bank for International Settlements.

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Why Use a Currency Broker for Forex?

Posted by Tushar Mathur on September 14th, 2011

The Forex market is very unpredictable and complicated and you need to have a good working knowledge of the market if you want to participate.  When you first start trading in this market, it’s very easy to make the mistake of thinking that you have enough experience of trading to make good decisions on what and when to buy.  However, the market can fluctuate wildly and you could find yourself coming a cropper and losing money right at the outset.

By choosing a reputable Currency Trading Broker, you will get the help you need and they will teach you how to use real-time quotes in order to make the right decisions and move in the right direction.

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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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USD JPY has the Bullish Sentiment, What’s Next ?

Posted by Tushar Mathur on February 17th, 2011

USD JPY : It has been able to maintain its price range above the 83.67 minor resistance line. Intraday preconception has turned to the upside, as long as the 81.76 minor support line is not broken. On the upside, as the currency pair has been able to break and maintain their price range above the 83.67 minor resistance line; it reversed the sentiment of expecting prices to fall to a bullish momentum. If the uptrend continues and breaks the  major resistance line (84.49) it will indicate an end to the bearish trend from the high (84.49) to the low (80.91) and too look for a new trend.On the downside, if the minor support line (81.76) is broken it will surely change the sentiment to the bearish side and target the major support lines 80.11/80.91.

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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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How to select the foreign currencies to be traded

Posted by Tushar Mathur on April 9th, 2010

FOREX or the foreign exchange market is instrumental in trading one currency with another.

For successful trading it is important to have a complete knowledge of the trading pair of currencies. Certain parameters must be analysed to select the currency pair that needs to be traded.

The parameters are as follows:

The characteristic features of the currency pair.

The daily circulation of the currencies, the volumes in which they move.

The rate of currencies can be encouraging for some businesses while closing the doors for some others.

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Brazil Real Remains Near 2010 Record Low

Posted by admin on January 26th, 2010

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.

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Australian Dollar Pare Losses on Inflation

Posted by admin on January 26th, 2010

The Australian dollar managed to gain versus lower-yielding currencies before a report to be released this week in the country is likely to show an advance in inflation in the last year’s last quarter, helping speculations that a series of interest rates in the country will restart. The Aussie rebounded after losing versus most of lower-yielding currencies last week as risk aversion remained predominant in majority of trading hours. Investors in the South Pacific region are waiting an inflation report to be released on Jan 27th expecting positive numbers as forecasts suggest an advance for the country’s prices in the last quarter of 2009, which would provide grounds for a new series of interest rate hikes by Australian policy makers.

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Brazilian Real Drops Further on Risk Aversion

Posted by admin on January 21st, 2010

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.

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Canadian Dollar Tumbles on Rates Outlook

Posted by admin on January 19th, 2010

The Canadian dollar fell today after the nation’s central bank left interest rates unchanged at an all time record low, declining rate hikes speculations despite the favorable economic data published in Canada during the past few weeks. The loonie dropped versus most of the 16 most traded currencies today after the central bank affirmed that interest rates will remain unchanged until June, decreasing sharply the attractiveness for the loonie as traders expected the good performance of the Canadian economy to produce more immediate results in terms of interest rate hikes.

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Australian Dollar Down on Chinese Risk Aversion

Posted by admin on January 15th, 2010

The Australian dollar was one of the most affected currencies today as speculations that Chinese lending requirements will slow down the global economic recovery impacted traders’ sentiment, declining appetite for high-yielding currencies. The Aussie and the kiwi declined today versus most of the main 16 traded currencies, after one of its main trading partners, China, is likely to reduce property loans after the government set new restrictions for lending money in the nation’s banks, fueling speculations of an economic slowdown and consequently raising risk aversion in trading markets towards the end of this week’s session.

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Australian Dollar Rallies on Interest Rate Outlook

Posted by admin on January 15th, 2010

Once again interest rates are fueling a rally for the Aussie dollar as it happened in the second half of the last year, when the South Pacific currency ranked among the best performing options in foreign-exchange markets. Positive employment data published in Australia this Wednesday is helping the Aussie to rally to high levels versus most of the main traded currencies, as a declining unemployment rate, currently at 5.5 percent and much better than other key-economic regions in the world, is fueling speculations that interest rates will be once again hiked in the country next month.

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Greece’s Budget Deficit Affects Euro Performance

Posted by admin on January 14th, 2010

The euro declined today versus most of the 16 main trade currencies as some of its member countries, specially Greece, are having a hard time to adjust its national accounts, decreasing confidence among investors to inject capital in the region. Greece’s deteriorating financial situation once again influenced negatively the euro’s outlook as German Chancellor Angela Merkel affirmed that the Southern European budget deficit may hurt the sentiment among investors regarding the common currency, which had been already impacted by Greece’s credit rating when it was downgraded for the second time in a year in late 2009 by Standard and Poor’s.

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