On Friday trade, the sterling was found to be strong and steady against dollar and euro. Nevertheless the investors were eagerly waiting for the Greek bailout deal that they believe it would turn out to be positive and signed approved in the upcoming week.

Pound is expected to be weak as the pressure was severe for it in selling the retail sales data. This steady status of the sterling is also because of the development by the Greece country. The risk is stated that the pound is underperforming against the dollar and outperforming against euro.

Greece is more awaited on the euro zone finance minister to approve and sign on the Greece bailout deal on Monday and this will however result in the bond holders to look at the sterling. Greek peoples are trying to avoid the disorderly default.

At the close, euro was 83.08 which is 0.1% down against sterling. It was reported to be very steep fall against sterling. Regardless the focus of all the investors is on the Greek deal. Against pence it is at 82.64 on the trade close on Friday. The 17 month low was marked as 82.22.

Michael sneyd, strategist said that euro is much correlated between sterling and dollar. And so the movements should be noted very keenly and today’s movement will be twisted into anything on Monday after knowing the results of the Greece deal. Sterling will be much affected with that of the bailout deal result.

The correlation could be broken up by a weak retail sales data they would be adverse the effect only by the stronger sales range. However the weaker retail sales data will have minor changes in the sterling. Two week low of sterling was at $1.5644 on Tuesday and at the flat close on Friday, it was at $1.5799.

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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). Real money investors and other demand on the bond buying programme with the Spanish and Italian however their final close would be unsustainable. Any sort of gain in euro would be fleeting until any relief is been bought as solution to pressure of ECB.

There is much other ways but no one is willing to look in the counter view of the euro and apart from that it would never be an immediate solution to it said a senior currency strategist. In the five week low, euro was at $1.3421 and now after rising it is at $1.3510 which is 0.4% rise. On Thursday it has 0.4% rise and roughly on this week it is just 2% rise.

Retrieving from the last month value of 76.4%, the statistics established as on October 4 it was at $1.3145 and on October 27 it reached a high value of about $1.4248. Now the single currency value is round $1.3405. Forex trade may be swapped out in the euro ranging between the values of $1.355 to $1.3550.

The European Central Bank said on a note that the courageous and active participants would sell the euro for around $1.3550 to $1.3560. They would be shortening euro against the dollar and yen with the value of $1.3650.

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On Friday forex trade the Swiss franc lowered against dollar. However it has previously moved inch by inch down and finally reached this stage. It had hovered about one month low against the greenback dollar. Nevertheless the intensive worry is that the Europe future is more attracted towards the dollar and it tends to make this dollar more attractive in the market.

To limit on the Swiss franc’s appreciation the SNB (Swiss National Bank) set a cap for the Swiss franc against the euro on the month of September. However the hovering movement and ups and downs of the franc and dollar was closely noticed and they were highly compared with that of the euro vs dollar. They started this close watch only after the SNB decision.

An analyst, Ursina Kubli said that political status and uncertainty that is being prevailed in Italy will be able to provide a key solution for franc. There is been a due in US in the meantime for the Michigan sentiment index. Kubli added that this might be the primary sign indicating that the risk level is been fading.

However, in euro all the sign indicate the middle recession period and the franc seems to fall further more against the dollar in upcoming periods. SNB assured that it will take fore forward steps to weaken the franc for the maximum so that it will tend the euro to rise against the franc. Investors finally understood that this will help the central bank to set a cap on euro vs Swiss franc.

At New York close, franc was 0.9062 low per dollar. However it was 0.1% low against the dollar in general. Now the franc is 0.2% low against euro and at 1.2343 values per euro. Kubli said that the franc is week or flat against the euro and the SNB has not commented more on this status so far.

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Euro on Friday seems to poses some gains and however they clung towards that gain and that seems to be volatile with overnight trade. They also seem to be increasingly vulnerable and the European leaders remained about the weekend submission about the regions debt crisis which would be their major part.

After its low on the early of the October month, which is their nine month low it seems to regain from that and last at $1.3786. There seems to have a better yields and safer zones for traders and other European countries because of German bonds. Traders said that investors feel that the euro would be comforting if it maintains the neutral heading.

However it would be a harder week for the European Union to manage and resolve their crisis and they will be pushed out to more of selling pressure which will make them to re-emerge from the obstacle. Regardless of the weekend summit, the minute summit is over already.

At this nervous position euro was noticed to dollar value and it seem that both euro and dollar tumbled against Swiss franc and dollar fell for 1% down against the dollar and traders stop buying the Swiss franc as the purchases all was made by US. However, meeting is being arranged to discuss on the crisis.

Economic zone is ultimately depending on the European leaders and their discussion on the solution on the debt crisis however no such immediate decision would be made until the second meeting is being held on Wednesday. Euro is fluctuating in the level between $1.3650 and $1.3700. On September it was at $1.3495.

Two days low hit about $1.3650 and on Thursday it reached $1.3669 and on the October month it is been around $1.3621 which is 38.2% comparatively with September month. Credit Agricole analyst said that there is a confliction between the politicians of German and French on their bond holder and bank recapitalization about the structure of EFSF.

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3. Swiss franc is flirted with record high against euro

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. The back and forth movement in the forex is at fluxing stage.

Trader’s speech on Thursday said that many people were fairly waiting all through the week to hear the key speech by Bernanke. Bernanke speech was based upon the economic policy and he said that the Swiss franc is currently under a selling pressure. There would be an extended meeting in September and in that the open market committee will discuss on further policy changes.

Bernanke’s key speech was most awaited one because he had experience in the major currencies. This selling pressure was not only because of the euro and the dollar but because there was no easing measure was under taken regarding the pressure for the Swiss franc. Against dollar the Swiss franc is at 0.7959 per dollar.

With the changing forex trade market range and on the economic condition change, several investors are ahead focusing on some easing measures from the selling pressure of the Swiss franc. When the euro franc has been pushed higher then there would be a higher risk for the currency. Chart has been informed to be built upon the current and future values of the franc against euro and dollar.

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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. A trader from African bank said that they expect to see the Kenya to break through the range from 90.70 to 90.50. They would be high at any case.

End month demand is high for the Kenya shilling. The market assets level demand more for the energy sector and trade range would differ here. Kenya has started supplying their power only from July 27; the reason behind the delay is that they were under inadequate power supply. Nevertheless the demand for dollars will increase when the sole power from that country will be required.

Energy sector investors and importers are in a dilemma to jump in between Kenya shilling and dollar. Power distributor will have their work tighten double. The African nation’s peak visiting season however starts on august and earning for Kenya shilling would be high from tourism side of view.

Dollar receipts will also usually rise in this certain season. Traders said the healthier period for local currencies is however during tourism season and nothing else. Nevertheless the trading rate of shilling is still at 90.50 / 91.50 and the overall note states that the energy sector will weigh them high.

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The People’s Bank of China has fixed the record high midpoint value for Yuan despite of this still the Yuan is slightly and marginally low against dollar at the close of the trade on Friday. However from the point of view of the investors and dealers feel that the Yuan will rise sometime in the upcoming months. In the year 2001 Yuan has received great sort of appreciation and dealers awaits the same in 2011.

Falling of global commodity prices are very great tread to china in lowering their currency value. Adjustment or alternative would help Yuan to rise. Nevertheless it is expected that the Yuan will receive appreciation from the trade circle and market value rangers in the half of the year 2011 but it now seems impossible. Trader from European bank said that the Yuan appreciation is continuously uncertain.

China had their inflation in food after they met with the calamity and it was at 5.5 percent last month and it is expected to rise in this month and will each at 6 percent. However this will not be a source to bring appreciation for Yuan this time. Since October the official monetary tightening steps were taken by government and so it will be a risk if unofficially the Yuan is tend to receive appreciation.

Yuan appreciated percent in June month is 5.59 and 1.93% in total as far as this year is concerned. At Thursday trade it was at 6.4640 and on Friday it was at 6.4649 which the traders feel that it lowers every day. Yuan’s fixed mid point range against dollar is 6.4685 on Friday, 6.4683 on June 22 and on June 21 it was at 6.4716.

The weaker and slowdown range in Yuan appreciation will however be a concern for the default European government. With the greater expectation of receiving Yuan appreciation the year started and change in global markets let the currency rise.

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Aussie, the Australian dollar is now at the stress free rally on the trade on Wednesday. The kiwi is also relaxed as they have seen their heights in recent days and developed a little from their lows. Aussie is now much scared to trade or has any contracts as they showed up their economy status. They showed that their GDP (Gross Domestic Product) is 1.2% in the mid of the march.

Before three weak when we look at the values of the Australian dollar it was at $1.0757 which is considered to be the peak value and that was set as reference on Tuesday whereas on Wednesday it was at $1.0751. On Tuesday a report on the net exports was issued and that implied that they possess a decreased 2.4% points from their growth in the quarter part.

Dealers and investors said that the Aussie dollar is at unwinding position which means it values can’t be predicted at instance. However, they concluded that they re resistive at values from $1.0637 to $1.0757 and they have given a growth diagram on the Australian dollar. The rates on hold would 4.75% decided by reserve bank and they finalized their meeting on next week.

The bank bill doesn’t seem to support the customers however no much chance will be imposed on the interest rate hikes in this month nevertheless the neck pack tight will be seen in the October month. Australian bonds faced their bad time now and they are everywhere low now. The 10-year contract decremented for 0.08 points and reached 94.715 and 3-year contract low for 0.11 and now at 95.040.

The New Zealand dollar value is now at $0.8200 where it was actually at $0.8246. However, traders believe that they would soon be constant at $0.8219. Kiwi reached its 26 year record high on the Tuesday trade. They are now at $0.8264 and in the end of the month they would be $0.8300.

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Yuan value has been marked at the record high against the dollar range at the trade on Thursday. It was marked to be fourth day for recording the higher values by the people’s bank of China. According to the view of traders and investors they expect the high range Yuan value could help them in fighting their economy against inflation.

China government on Wednesday announced that it would raise the price of diesel and other gasoline for about 5% to 5.5% so as to face the inflation threats. They announced this decision by looking into the trading value on Wednesday and this raise will be effective from Friday.

Oil prices in global level is been a threat and because of this the Brent crude oil has lowered for about 2% from its high value. Industries have been seemed to be little affected due to the oil prices. China is marked for its fast growing sales in the staple foods and the commodities price range is 45% in the United States trading market.

Many at the trading level were wondered on china whether it would use the high range of Yuan for its development side or not, but the answer is here now, they would definitely may use of this opportunity. The rise range is 0.72% in this month and it is estimated to be 4.34% this year. At the end of Wednesday trade it was at 6.5440 and it fluctuates in between this range and 6.5420.

On the afternoon, the offshore one year estimated non deliverable forwards were been bid for about 6.3990, where it was asked for 6.4000 previously. From this the estimation of Yuan rise is 2.27 to 2.29 percent. There is no chance of lowering, it would rise for 5 to 6 percent, traders said. Per day increase would be at 0.5%.

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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.

However, on Friday trade shilling gained 1% higher value against dollar which made the central bank to proceed with such decision. Senior treasury manager, Raphael Owino from commercial bank of Africa said that investors are eager to see their performance of shilling at upward movement so that they can pick their dollar values at lower rates.

According to a trader, Dickson Magecha’s view, he said that the demand for dollar is little higher as its value has been tied up with many obligations. But at his expectation he said that it may come to a stable form after its prolonging swing from Friday night.

The trade should have to be at range where the basic rights and fundamentals should be for supply and demand. The main aim is to be given for them, said Dickson. The commercial bank at his report added that the shilling value is still stronger to withhold the value of dollar. However, dollar weakened is still visible in some places of trade.

Since it had its gains on the previous three session of trade, at Monday session it was to be at the range bound of 84.20-85.00. Bank of Africa said that the shilling might have a tight tie for its growth.

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The value of Swiss franc has reached high due to the rate interest decision made by Swiss National bank. Due to the crisis that took place in Japan, both investors and traders were must worried about the trade market. And so considering this factor the rate interest decision was made by the SNB.

National bank announced that they will be discussing about its rate interest and growth inflation rate at countries. They strongly said that it would be helpful for the growth of the country and its economy. According to the view of 37 economists they feel that the SNB should retain their LIBOR unchanged for the same percent (0.25%) as the inflation is too low.

Reto Huenerwadel, an UBS economist said that Swiss National bank has been taking strong steps towards the defense system. Risk at their economy will be reduced when Swiss franc is strength. On Thursday the government decided on the raise of the forecast percent and they rose from 1.5% to 2.1%.

Global growth is now put at risk due to the recent disaster that occurred at Japan. On Thursday Swiss franc reached 0.8967 per dollar because all are willing to prefer it as the disaster and nuclear leakage happened in Japan made them feel unsafe in the investment at Japan.

Even after reaching high it had some flaws for about 0.4%. It reached 0.9020 per dollar on Friday. Global market is approaching to the next target for the euro vs Swiss which is at the present rate at 0.8750, said Tony Nyman. However Swiss franc was little low for about 0.5% against the euro.

At December it was at 1.2400 and in the middle of Thursday it reached to 1.2479 and at the New York close it was at 1.2580. This rate decision would be helpful in globe level to balance the growth which was degraded by Japan in their disaster.

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On the Tuesday trade, they estimated that the Swiss franc has been dropped against the value of both euro and dollar. Muammar Gaddafi, Libyan leader reported that the investors and traders have now got a no belief idea at the values and so they are trying to be away from investing in Swiss.

Brent crude prices have been slipped on the Monday trade from $115 and so European was at the stage facing the loss. However, on Tuesday they regained from their losses, leader added to his report. As the point of economist the factors that decide the forex markets are many and the major role is given for politics. The politics show their more influence to the European shares in very particular.

Due to dollar weakened overseas and euro decreased value in the share in several factors, the Swiss franc seems to be little higher against the value of euro and dollar at the verge of February. However, investors felt very safe as they invested in Swiss but the case is reversed in today’s share.

Swiss rose to its maximum on March 2 and now it has been back to normal. The trade value of the Swiss will depend on the oil and gold price and also on the views on the Libyan leader (Gaddafi) ideas. On the closing trade on Monday the Swiss value was 1.3019 per euro and on today it is at 0.9309, which is estimated to be 0.6 percent down.

Data produced on employed members percent increase denoted that the Swiss economy strength and it has now gradually down and that hurts several factors in particular. Swiss has been down for 1.04 percent against dollar. At the first quarter the estimated amount of Swiss for per euro is been decremented in the second quarter.

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In the Philippine, Stock Exchange BEL or Willy Ocier-led Belle Corporation was one of the top stories among the domestic stock market last year. Belle Corporation was actually a sleeper during the first half of last year (2010). It was only trading around a PHP of 1.80 in the month of July before it moved to north. From the month of August to the December of 2010, it had a rise from PHP 1.85 to PHP 4.60.It didn’t stop there as Belle Corporation  continued to move higher in the first month of 2011 and on 19th of the same month, it reached a high PHP of 6.49. Then onwards a profit taking took over and the stock was slid back to a much low PHP of 4.92.

Many people have started asking, “Will BEL soon get back on the bullish track?” I would say that given its present technical set-up, there is a pretty good chance that Belle Corporation would surely make a turn around and will head back to north. As it’s very clear from its daily chart, BEL has weakened back to the PHP price level of 5.00. If you notice, that this mark also coincides with the 38.2% Fibonacci retracement level of the last up wave, making it a better level of support. The issue’s uptrend level is still around to keep it from decreasing further. Moreover, a hidden bullish divergency, where the price registers higher lowers while the RSI makes lower lows, is also present. This suggests that the traders and investors could quickly pick up the stock. A rally from PHP of 5.00, therefore, could send it back to its former high PHP level of 6.49.On the other hand a break below that, could push its PHP down to the other Fibonacci retracements PHP levels ranging from 4.50 or 4.00.

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Making money and getting rich as fast as possible is the new age mantra. So is the need to be successful in Foreign Exchange trade. But before that one needs to know and be aware of the certain things. It is true that unlike other forms of financial trading, trading in foreign exchange entails, great liquidity, a non step market functioning, speedier functions amongst others. With its speed being the main essence, investors feel that forex provides a great opportunity. However, to be successful, one needs o be aware of the following?

Knowledge of the market: It does not help to simply jump into the market and start trading. One needs to spend time and educate themselves about the market, and be prepared for initial losses before one sees the sunny side of profit.

Learn the trading mechanics: There is a particular trading system. One needs to follow it with discipline and learn the nitty gritties of the forex trading system.

Price behaviours: The forex price behaviour is rather volatile. One needs to be prepared to face the price volatility and graph changes.

Be prepared for losses: It is best to be able to manage your money cleverly and efficiently. It is almost common to lace losses before one understands the market trends and make profits. You should be prepared for the different outcomes of the trade.

Forex trading is not as easy. It is highly speculative and one needs to understand the trends of the market and proceed accordingly. Being abreast with the forex news, and following it on a daily basis helps. After, all success is the reason of hard work and no risk, no gain.

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3. Valuation in the Forex Trading Market

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.

AUD/USD traded at 0.9053 as of 00:09 GMT from a previous rate 0.9034 when markets opened Sunday evening.

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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The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in

foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets.

The U.S. currency continue yesterday’s advance as risk aversion coming from Asia is still playing a major role in market sentiment this week, and the safety provided by assets in the country became one of the best options for these turbulent trading sessions. The euro was one of the biggest losers versus the dollar touching the lowest rate in 2010 today after International Monetary Fund officials affirmed that Greece’s situation is serious, once again making the Southern European nation to affect the outlook for the bloc’s single currency. The New Zealand dollar declined as a report in the nation showed that consumer prices dropped in the country, surprising analysts.

Chinese’s new policy regarding loans to avoid a new credit bubble is decreasing risk appetite, and events in Europe aren’t good either, this is allowing the dollar to outperform most of its trading partners currencies, as the U.S. provided relatively good data today, as analysts affirmed.

EUR/USD bottomed at 1.4095 as of 17:17 GMT from a previous rate of 1.4272 yesterday. NZD/USD traded at 0.7190 from 0.7387.

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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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 kiwi dollar struggled on Friday enabling the pound to jump 1.4%, briefly nearing the 2.30 level, as risk appetite in the market waned.

• Higher-risk currencies struggled to make headway at the end of last week as the rally in global equities in the wake of the positive US GDP data came to an abrupt halt.
• As global stocks fell, investors sought shelter in the haven currencies fuelling a sell-off in the higher-yielding kiwi dollar, buoying the sterling price.
• In trading this morning, the New Zealand dollar has pulled back from six-week lows against the pound, with profit taking in high-yield currencies taking a pause.
• Support has also come from improved manufacturing data in China, a key importer of New Zealand goods, which has outweighed some of the negative sentiment toward the currency.
• Analysts have noted though that reduced support for a rise in interest rates and lower risk appetite may prevent the kiwi from regaining its strong valuation.

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The dollar strengthened, consolidating after broad selling on the back of data showing strong US growth, gaining over a cent on the single currency.

• Equities took a sharp downturn at the end of last week, having rallied after the positive US GDP data, most likely as a result of end of month profit taking, which buoyed demand for the greenback.
• Data also showed that US consumer spending fell for the first time in five months in September, coinciding with the end of the government’s car scrappage scheme.
• The US Commerce Department says spending dropped 0.5% in September, compared with a 1.4% rise in August, which encouraged investors to buy back into the haven currency.
• The US dollar extended gains in the afternoon, pushing the euro down near three-week lows after data showed that a US Midwest manufacturing index was stronger-than-expected failed to heighten risk appetite.
• The euro has climbed in trading this morning with the price currently hovering around the mid 1.47 mark.

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The greeback pulled back from its sharp sell-off on Thursday, as weak US economic data spurred a return to risk aversion.

• In early trading, the dollar continued to lose ground following the better-than-expected US growth data, however the GBP/USD rally was capped at 1.6600, and the UK currency pulled down steadily, eventually closing down 0.6% ay 1.6448.
• US markets went through losses on Friday, with financials and materials leading the path, as risk aversion returned after Thursday’s optimism, strengthening support for the greenback.
• On the macroeconomic front, data revealed that US consumer spending declined 0.5% in September, the largest decline since December 2008, further buoying the dollar rally.
• Positive manufacturing data from the Midwest in the afternoon failed to dent dollar buying in the markets and traders acknowledged that part of this may have been due to month-end flows into the US currency related to foreign portfolios.
• The US currency has continued to climb in trading this morning, currently half a percent up, as investors remain cautious ahead of big events this week, including interest rate decisions in the UK, eurozone and US.

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