Posts Tagged ‘Euro Zone’

Imagining a Single Currency Market

Posted by Tushar Mathur on February 6th, 2012

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.

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Sterling hits 17 month low against dollar, high against euro

Posted by Tushar Mathur 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.

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

Posted by Tushar Mathur 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).

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Rupee down for one year low and by 37 paise

Posted by Tushar Mathur on September 11th, 2011

On Friday forex trade rupee was reported to be 37 paise and has hit a one year low and reached about 46.56 against dollar. The fall in rupee is mainly due to the steep fall in the local stock markets and strengthening of dollar values overseas. The weight or burden of the dollar strength has however reflected on the rupee to be down for a while.

Importers have nevertheless demanding long for dollar and thus flow of the capital is slow down and thus the rupee is been neck stuck and lowered for 37 paise.

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Euro tumbled down against dollar

Posted by Tushar Mathur on July 15th, 2011

On the Tuesday trade the euro has been dropped against dollar for a record of four month low. The reason the low would the plague at global market and fear that whether the Greece debt crisis would spread all over. The Spain and Italy was the region of target that had more chance in spreading up. In Tokyo trade rate the single currency valid at $1.3958 and they have dropped from $1.4029.

In the New York trade rate on Monday it was around $1.4029 and they reached slowly down and now at the four month low record at $1.3932.

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Swiss franc is flirted with record high against euro

Posted by Tushar Mathur on June 21st, 2011

Since Thursday Swiss franc is low against euro. On the forex trade on Thursday the Swiss franc fell against euro and the reports concluded that this state will prevail and the debt crisis for the Greece will be soon resolved. Swiss franc had its all time record of being at 1.1946 however at the Thursday trade close at regarding the New York forex trade, the Swiss franc was at 1.2033 per euro.

Investors has dragged the Swiss to the safe zone of investing over the risk area values but on Thursday the Swiss national bank (SNB) announced about the strength that it is being going through however investors ignored them from accepting, this reason has caused the Swiss franc to be low against euro and dollar.

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Euro stepped out from its heights

Posted by Tushar Mathur on April 5th, 2011

Euro has been at greater heights for eleven months and now it has been slipped back from highs. On the Monday trade the euro value slipped from yen. It was high for five month against the value of dollar. According to the view of analysts, the euro zone higher rates are increasing in the trade market.

On Wednesday, Japan has been planned to publish the economic assets. Tightening the policy in the United States regarding the uncertainty and the view of the working officials on the Federal Reserve said about the downgrading of the economic assets by the bank of Japan.

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Features of EUR/USD-Pair -Factors Affecting The Movement Of The Currency Pair

Posted by Tushar Mathur on May 13th, 2010

Euro is the relatively new currency first introduced by the European Union in 1999.The currency has been adopted by the 16 countries of Europe. They are collectively known as Euro zone.

The EUR/USD is the most widely traded pair in Forex. Both the currencies are powerful currencies. The dynamism and high trading volumes of the two currencies make them very liquid, creating greater opportunities of profit by trading them. Oil is bought and sold in Dollars. Thus heavy trading of dollars takes place through out the world. The euro and dollar are the only currencies, which largely traded.

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Understanding Different Currencies

Posted by Tushar Mathur on February 21st, 2010

Currency exchange is an important aspect of international business. Economic development, trade, tourism, finance and many other important aspects of the world economy are dependant on this.

The main global currency is the U.S. dollar (USD). This means that it is the currency held by governments and organizations around the world to fund international trade and financial transactions. Many global commodities, such as oil and gold are valued by the U.S. dollar.

Currencies can be distinguished as either floating currencies or fixed currencies based on their exchange rate regime. Currency of the European Union, the Euro is rapidly becoming a dominant global currency.

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Unemployment in the euro zone rose in September to 9.7%, as expected

Posted by admin on October 30th, 2009

Taking into account seasonal factors, unemployment in the eurozone reached 9.7% in September this year, said the EU statistical agency Eurostat. Rate corresponds to analysts’ forecasts. A month earlier, unemployment in the area of the single European currency was 9,6%. Note that this is the highest value of the unemployment rate since January 1999. In annual terms the index rose by 2,6% (from 7,1% in September 2008).The total number of unemployed in the euro zone rose in September to 184 000 in monthly terms and amounted to 15.324 million. On an annual basis the total number of unemployed has increased by 3, 204 million people.

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Index of confidence in the euro-zone economy grew more than expected in October

Posted by admin on October 29th, 2009

Index of confidence in the euro-zone economy (Euro-Zone Economic Confidence) for October was 86.2 points, reports the European Commission. Value index surpassed expectations of analysts projected an increase to 84.4 points. Recall that a month earlier figure stood at 82.8 points.The index of consumer confidence (Euro-Zone Consumer Confidence) for October increased to -19 points to -18 points in the forecast -17 points.The index of confidence in the business community (Business Climate Indicator) was -1.78 points for October at the previous value of -2.07 points and prognosis of -1.90 points.

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Euro is more expensive than a pound before the end of the year

Posted by admin on October 27th, 2009

Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro. Today, steam EUR / GBP is trading at around 0.9070, up from 0.84 in mid-June. The jump came when it became clear that the Bank of England will continue to build a program to repurchase the assets, despite the improvement in the global financial sector. What happens to the pound and the UK economy is studying financial analyst FxPro Alexander Kuptsikevich.In Russia, considered to be the beginning of the crisis in September last year. But in fact the developed world crisis began one year earlier.

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M3 euro zone fell to 1.8% in September

Posted by admin on October 27th, 2009

M3 euro area (an indicator of the money supply) amounted to 1,8% in September compared with 2.6% in the previous month. Analysts expected decline to 2,1%. Note that the monetary aggregate M3 includes the amount of cash currency in circulation, means of check deposits, deposits with maturities of less than 4 years and is considered one of the most important indicators of inflation.Index of private credit in the eurozone fell by 0.3% in September compared with an increase of 0,1% in the previous month. Indicator forecasts of -0.2%.

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Eurozone trade deficit 4.0 bn euro in August

Posted by admin on October 16th, 2009

Eurozone trade deficit amounted to 4.0 billion euros in August this year compared with a surplus of 12.3 billion euros in the previous month, the EU statistical agency Eurostat. Note that in August last year the euro zone trade deficit amounted to 11.3 billion euros.Taking into account seasonal factors, exports of the euro zone fell in August on 5,8%, while import volumes fell by 1,3%. On an annual basis without taking into account seasonal fluctuations, export volumes fell by 23%, while import volumes fell by 27%.

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