FOREX online news, analysis, healines for forex trading ...

Saturday, May 15, 2010

eSexCentrum.sk

This summary is not available. Please click here to view the post.

Tuesday, June 2, 2009

Portál www.balunet.eu vznikol v roku 2007 za účelom mojej samorealizácie a potreby prispieť kúskom obsahu do obrovskej siete internetu vo forme aktuálnych informácií. A taktiež pre istý okruh čitateľov, ktorý tu hľadajú nielen správy a informácie, ale aj zábavu a v budúcnosti možno aj nových priateľov prostredníctvom chatu a fóra.
more

Friday, July 18, 2008

ECB sees inflation slowing

ECB sees inflation slowing, weak growth European Central Bank President Jean-Claude Trichet has underlined the ECB's expectations that inflation will settle back to its target level in about 18 ...more

Crude Oil

Crude Oil: The pair is in the midst of a very strong bearish correction move, and seems to have more steam in it. All oscillators on the daily chart are providing bearish signals. This is a great opportunity for forex traders to join a very promising bearish correction.more

Forex Technical Analysis

Forex Technical Analysis Euro: Euro fell 110 pips from its intraday high to touch 1.5783 before finally closing stronger at 1.5863. The daily and 4-Hourly stochastic show selling ...more

Canadian dollar falls to 2-day low against euro

During early European deals on Friday, the Canadian dollar extended its Asian session downtrend against the European currency and the Japanese yen. The loonie thus declined to a 2-day low versus the euro. The loonie also weakened against the US and the Australian dollars, thereby losing the gains it posted in Asian deals.more

Australian, NZ Dollar Fall for Third Day as Commodities Drop

Australian, NZ Dollar Fall for Third Day as Commodities Drop. Traders also sold New Zealand's currency as the yield spread between 10-year New Zealand and US government bonds narrowed to the least in almost eight ...more

USD gains on lower oil prices

USD gains on lower oil prices The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities ma...more

Asian markets close mixed

Asian markets close mixed; Sensex surges 4% The stock markets across the Asia-Pacific region closed mixed on Friday on the back of disappointing earnings reported by Merrill Lynch, Microsoft and Google after the U.S. market ...more

Tuesday, July 15, 2008

British pound climbs to new multi-month high against dollar

During early deals on Tuesday, the British pound was mixed against its major counterparts. The sterling advanced to a new multi-month high against the US dollar and a 5-day high versus the euro, while it declined to a 4-day low against the yen. The pound also showed weakness against the franc during this time...more

Federal Reserve Board Prepares To Pass Mortgage Lending Rules

The Federal Reserve is expected to take the next step towards assisting borrowers through tightening the mortgage lending process. The move by the U.S. central bank to provide protection to consumers by seeking out and stopping "unscrupulous" lending practices comes on the heels of a subprime mortgage crisis sparked by an unusually high rate of defaults as consumers were unable to make payments on home loans, many of which were allegedly made without the borrower fully understanding the terms o ...more

Commodities silver

Silver: The violent bullish trend continues as all technical indicators on the daily and the 4 hour charts are showing that the direction is up and the momentum is high. This provides forex forex traders with a great chance of enjoying the additional momentum still left for the commodity.more

USD Technical Forex Analysis

The USD is back on the offensive this morning after disappointing economic news from the Europeans plus comments from the US RE: a Freddie/Fanny bailout encouraged traders to buy USD overnight. UK Producer Inflation hit double-digits in May and the GBP fell as speculation rose that the economy would slow more in coming months; traders note that more weight given to USD strength and EURO data than domestic news overnight. Traders bought USD across the board overnight once it was confirmed that the US intends to aid both Freddie Mac and Fanny Mae to prevent further declines in housing and economic slowdown. In my view, the aid is probably going to help but the overall volumes and upside seen in the USD looks more like a “knee jerk” reaction than a change in sentiment. more...more

US dollar mostly lower in Europe trading

The U.S. dollar sank to a new low against the euro Tuesday and was lower against most other major currencies in European trading. Gold prices rose. The 15-nation euro rose to an all-time high of $1.6038 in European trading, surpassing its previous record of $1.6018 set on April 22. It later fell to $1.5983 -- still above the $1.5916 it bought in late New York trading Monday. Other dollar rates compared with late rates Monday included: 106.23 Japanese yen, up from 106.09; 1.0168 Swiss francs, down from 1.0178, and 1.0052 Canadian dollars, down from 1.0096...more

German investor confidence at 16-yr low

German investor confidence skidded to its lowest level since the private research firm that that compiles the index launched the measurement in 1991...more

Empire State Manufacturing Index

Manufacturing in the state of New York continued its slowdown in July, according to the New York Fed's Empire State survey, which came in at -4.9 to mark the third consecutive month of negative results. Economists' forecasts were divided prior to the release, with the consensus looking for the report to show marginal improvement to -8.0 following a 5.5-point decline to a -8.7 reading in June. New orders rose to +8.3 from the previous month's reading of -5.5, while shipments rebounded to +13.5 from a -6.5 reading in June....more

Bank of Canada Holds Overnight Rate

Ottawa - Faced with the competing challenges of slumping economic growth and rising inflation, the Bank of Canada announced Tuesday that it will leave its key overnight lending rate target at 3%. The stand-pat position had been widely anticipated by analysts, with all eight of those polled by CEP News forecasting that the rate would remain unchanged. Canadian economic growth in the first quarter of 2008 was weaker than expected, the central bank acknowledged in its rate announcement. The economy is judged to have moved into slight excess supply, which is expected to increase over the balance of the year. It will likely be the middle of 2010 before Canada's economy returns to full capacity, the statement said. more...more

Tuesday, July 8, 2008

Technical

>EURUSD BULLISH< >USDJPY NEUTRAL< >GBPUSD NEUTRAL< >USDCHF NEUTRAL< >AUDUSD BULLISH< >USDCAD BULLISH< The information is provided to you for entertainment value only!

Japan - yen

A survey of Japanese service sector works for June released overnight points to a slowdown in consumer spending and retail trends. The "economy watchers" index fell to 29.5 in June, down from 32.1 in May. The release was the third consecutive monthly decline, and the outlook index pointed to worsening future conditions, coming in at 32.1 in June compared with 35.1 in May. In other news, the number of corporate bankruptcies in H1 2008 showed a 6.91% increase. The numbers point to ongoing weakness in the Japanese economy, and weaker real demand may offset any inflationary pressures. ...more

UK - pound

The DCLG House Price Index registered a 3.7%y/y gain in May, higher than market expectations of 3.5% but down from last month's figure of 4.9%. Nevertheless we note that this number lags significantly behind earlier releases and the pattern is consistent deterioration in the UK's housing markets. In other news, a European Commission diplomat announced that European Union finance ministers have started disciplinary budget steps against the UK, warning that the deficit was set to exceed the country's fiscal commitment of keeping the deficit below 3% of GDP. The news comes on the back of a UK news paper report which points to a NIESR study warning of a GBP 7.5bn budget deficit for the government next year, as ... more

Currency

A currency is a unit of exchange, facilitating the transfer of goods and/or services. It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value. A currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates, which are the prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in coins and currency, but this is misleading. Coins and paper money are both forms of currency.
In most cases, each country has monopoly control over the supply and production of its own currency. Member countries of the European Union's Economic and Monetary Union are a notable exception to this rule, as they have ceded control of monetary policy to the European Central Bank.

Market participants

Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. As you descend the levels of access, the difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the forex market are determined by the size of the “line” (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail forex market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the forex market to align currencies to their economic needs.

Banks
The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account.
Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems. The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.

Commercial companies
An important part of this market comes from the financial activities of companies seeking foreign exchange to pay for goods or services. Commercial companies often trade fairly small amounts compared to those of banks or speculators, and their trades often have little short term impact on market rates. Nevertheless, trade flows are an important factor in the long-term direction of a currency's exchange rate. Some multinational companies can have an unpredictable impact when very large positions are covered due to exposures that are not widely known by other market participants.

Hedge funds
Hedge funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and may borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic fundamentals are in the hedge funds' favor

Retail forex brokers
There are two types of retail broker: brokers offering speculative trading. Retail forex brokers or market makers handle a minute fraction of the total volume of the foreign exchange market. According to CNN, one retail broker estimates retail volume at $25–50 billion daily, which is about 2% of the whole market. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and might be subject to forex scams.

Forex analysis

Two analytical models
When the objective of the analysis is to determine what stock to buy and at what price, there are two basic methodologies.

Fundamental analysis maintains that markets may misprice a security in the short run but that the "correct" price will eventually be reached. Profits can be made by trading the mispriced security and then waiting for the market to recognize its "mistake" and reprice the security.

Technical analysis maintains that all information is reflected already in the stock price, so fundamental analysis is a waste of time. Trends 'are your friend' and sentiment changes predate and predict trend changes. Investors' emotional responses to price movements lead to recognizable price chart patterns. Technical analysis does not care what the 'value' of a stock is. Their price predictions are only extrapolations from historical price patterns.
Investors can use both these different but somewhat complementary methods for stock picking. Many fundamental investors use technicals for deciding entry and exit points. Many technical investors use fundamentals to limit their universe of possible stock to 'good' companies.
The choice of stock analysis is determined by the investor's belief in the different paradigms for "how the stock market works". See the discussions at efficient market hypothesis, random walk hypothesis, Capital Asset Pricing Model, Fed model Theory of Equity Valuation, Market-based valuation, and Behavioral finance.

Use by different portfolio styles

Investors may use fundamental analysis within different portfolio management styles.
Buy and hold investors believe that latching onto good businesses allows the investor's asset to grow with the business. Fundamental analysis lets them find 'good' companies, so they lower their risk and probability of wipe-out.
Managers may use fundamental analysis to correctly value 'good' and 'bad' companies. Even 'bad' companies' stock goes up and down, creating opportunities for profits.
Contrarian investors distinguish "in the short run, the market is a voting machine, not a weighing machine"[1]. Fundamental analysis allows you to make your own decision on value, and ignore the market.
Value investors restrict their attention to under-valued companies, believing that 'it's hard to fall out of a ditch'. The value comes from fundamental analysis.
Managers may use fundamental analysis to determine future growth rates for buying high priced growth stocks.

Top-down and Bottom-up
Investors can use either a top-down or bottom-up approach.
The top-down investor starts his analysis with global economics, including both international and national economic indicators, such as GDP growth rates, inflation, interest rates, exchange rates, productivity, and energy prices. He narrows his search down to regional/industry analysis of total sales, price levels, the effects of competing products, foreign competition, and entry or exit from the industry. Only then does he narrow his search to the best business in that area.
The bottom-up investor starts with specific businesses, regardless of their industry/region.
Managers may also include fundamental factors along with technical factors into computer models (quantitative analysis).