Posts Tagged ‘Lows’

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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Aussie dollar now at relief rally

Posted by Tushar Mathur on June 2nd, 2011

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.

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Belle Corporation To Head Back North

Posted by Tushar Mathur on February 9th, 2011

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.

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The kiwi retreated at the end of last week on a rise in risk aversion

Posted by admin on November 2nd, 2009

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.

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The euro lost ground to the dollar on Friday as the rally in equities came to a halt

Posted by admin on November 2nd, 2009

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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Euro / dollar remains under pressure

Posted by admin on October 30th, 2009

A pleasant surprise from the report, Chicago PMI, as well as a slightly higher rate of index of consumer sentiment for October, the University of Michigan failed to inspire the bulls in the euro / dollar for a new assault attempt. Euro is currently continuing pressingovat session lows, and while the bids around $ 1.4780/70 while holding back a couple of further fall, dealers are reminded of feet below, and pay attention to the rebalancing of the positions of market participants at the end of the week and month. They note that investors have left a large amount of long positions in the euro, and see the risks to decline to $ 1.4760/50 and $ 1.4730/20.

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Falling global equities enabled the pound to post gains against the euro

Posted by admin on October 29th, 2009

The pound continued to advance against a broadly weaker single currency yesterday, hitting a six-week high of 1.1167 as investors trimmed their euro holdings.Preliminary CPI data from Germany revealed that consumer prices remained flat on the year in October. Monthly data showed that the index did rise by 0.1% in October from September, though this rise failed to garner support for the euro.The markets also saw a slight withdrawal of risk activity yesterday as weak housing data in the US renewed concern over the health of the global recovery.The data dragged European equities down to three-week lows, which appeared to impact more severely on the single-currency, enabling the pound to gain.This morning, the pound is consolidating its position above 1.1100, with analysts reiterating that sterling is likely to remain in a holding pattern until next week’s BoE asset purchase decision.Investors are cautious amid uncertainty over whether the Central Bank will extend their quantitative easing programme, and so sterling movements may continue to be dictated by risk appetite in over the coming days.

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Negative economic statistics supported the dollar

Posted by admin on October 27th, 2009

News from the United States was not the most positive and unexpected drop in the index of consumer confidence from the Conference Board to 53.4 to 47.7 points and the index of business activity FRB Richmond from 14 to 7 points in October, provoked a weakening appetite for risk. As a result, the euro / dollar struck support at $ 1.4840 and fell to fresh session lows around $ 1.4788, where bids placed up to $ 1.4785, while holding back the onslaught of the bears. Meanwhile, the pound / dollar, even before the publication of the report demonstrated the onset of weakness, broke the defense of the bulls at $ 1.6350, and returned to bids near the Asian session lows.

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Corporate reports coming week will support the stock market

Posted by admin on October 26th, 2009

S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%. The dollar set new lows, rates on 10-year bonds rising. This means that while the market remains optimistic. Our strategy for today “to buy at lower prices, and we still hope to achieve our medium-term goals for S & P500 at 1121.S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058. Reason to worry: the Dow Jones transport index over the last three trading days had fallen by 6%.Week ugotovila a lot of interesting statistics: consumer confidence, orders for durable goods and GDP for the 3 rd quarter in the U.S., not counting the other data.Saxo Bank

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the Data from UK have supported the pound

Posted by admin on October 20th, 2009

Net public sector borrowing in September reached a record high, but were slightly above forecasts. The need for public sector cash flow in September also proved to be a record, but also below analysts’ forecasts. Costs continue to rise by around 5% per year, however, with tax revenues falling by 10%. Despite the fact that the outlook for the UK is improving, the recovery had been sluggish, and tax revenues in the foreseeable future is likely to continue to fall, and in the absence of action by the state budget deficit continues to grow.

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The single currency slipped back on Friday following weak Bank of America earnings

Posted by admin on October 19th, 2009

The US currency snapped a four-day losing streak against the euro, rising from a 14-month low, as investors cautioned their risk activity following further corporate earnings reports. The dollar strengthened as Bank of America earnings fell short of expectations, sparking profit taking in the euro, as well as higher-yielding currencies. The Bank reported losses of $1 billion in the third quarter, which sent equity markets down having rallied on the more positive earnings of other major US banks and corporations earlier in the week. This report aided the dollar, strengthening haven appeal and bringing the US currency up from multi-month lows against the euro.

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Pound is rallying against the kiwi dollar as investors book profits ahead of the weekend

Posted by admin on October 16th, 2009

The pound achieved a ten-day high against the kiwi yesterday, as bullish comments combined with profit taking to bring the UK currency off multi-month lows. The UK currency was buoyed by comments that quantitative easing is in fact having its desired effect and that the MPC may not need to extend QE in their next meeting as many has speculated they would. The news triggered a wave of profit taking, pushing the sterling/kiwi price up two and half cents on the day to close at 2.1849. There was positive news from the US yesterday in the form of corporate earnings, in particular, Goldman Sachs and Citigroup, but the rise in risk appetite failed to assist the higher-yielding currency as investors chose instead to lock in profits. The pound has extended its climb in trading this morning, currently edging back over 2.19 as investors continue to profits ahead of the weekend.

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Sterling has picked itself up from multi-year lows against the kiwi, buoyed by improving economic sentiment

Posted by admin on October 15th, 2009

The pound was able to reverse a four day slide against the kiwi yesterday, following positive data in the UK labour market. Figures showed that fewer than expected Britons claimed for unemployment benefit month-on-month in September, and the overall unemployment rate held steady at 7.9%, beating market expectations of a rise to 8.0%. The kiwi also suffered after some investors turned bearish following weak US retail sales, which fell in September by the largest amount in 2009, driven by a fall in car sales at the end of the country’s scrappage scheme.

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Bearish sentiment towards the pound prevailed yesterday, but the sterling is rallying strongly against the euro today

Posted by admin on October 15th, 2009

The pound relinquished early gains against the single currency, closing marginally down at 1.0704 as rising risk appetite benefited the euro. Sterling initially rose against the single currency yesterday after data showed a smaller than expected rise in the number of UK jobless claiming benefits, and the overall unemployment rate unexpectedly held at 7.9%. This data prompted investors to further pare back some of the heavy bets built up against sterling in recent weeks, which have pushed the price to multi-month lows. In addition, some analysts have said that speculation over an extension of quantitative easing could be overdone, and that the pound / euro price could have correction potential.

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Sterling picked up from early lows to post marginal gains against the euro yesterday

Posted by admin on October 14th, 2009

The pound reversed its three-day slide against the euro as a surprise dip in a German economic sentiment index offset weak UK inflation data.In early trading, sterling was undermined by a declining inflation rate, which prompted further speculation that interest rates could be on hold at 0.5% until 2011 and sent the UK currency to a six-month low of 1.0628. The Consumer Prices Index (CPI) dropped to an annual rate of 1.1% in September from 1.6% in August. Meanwhile, the Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments and housing costs, fell, to -1.4% from -1.3%.

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