JPY – Yen Sees Mixed Results versus the Majors
The yen finished yesterday’s trading session with mixed results versus the major currencies. The Japanese yen extended gains versus the euro on Monday, to trade around 110.50 levels amid a broad sell off in the euro. The yen experienced similar behavior against the NZD as the pair fell from 63.19 to 62.75 by days end. The yen finished even versus the USD and closed at 84.07.
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Forex Technical Update 11/5/2010 – Japanese Yen Shows Vulnerability after BoJ Meeting
Traders in the forex market went through a lot of event risks this week, and finally have passed the finale in the Bank of Japan meeting and US Non-Farm Payroll. There may be something developing in the Japanese Yen as there is no continuation of Japanese strength after these events. We may be setting up for a reversal and a cycle of weakness.
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Treasurys turn up, dollar drops after jobs sink
NEW YORK (MarketWatch) — Treasury prices recovered and the dollar turned down against the euro on Friday after the Labor Department said that U.S. private employers added 65,000 jobs in September, less than economists had forecast. Total employment, including government workers, fell by 95,000 last month. Analysts said the worse the number is, the more likely the Federal Reserve and policy makers will act to prop up the economy. Yields on 10-year notes , which move inversely to prices, turned down by 1 basis point to 2.38%, after rising between 3 and 5 basis points before and just after the release. The dollar index , a measure of the U.S. unit against a basket of six major currencies, fell to 77.156, compared with 77.606 before the report 77.462 on Thursday. The euro rose to $1.3980, compared with $1.3888 earlier and $1.3914 in late North American trading on Thursday. Versus the Japanese yen, the dollar fell to ¥82.06, from ¥82.40 earlier and compared with ¥82.39 late Thursday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Japan Throws A Dime To American Debt Junkies
Helping to keep America spending This week, after the Japanese yen had surged to a fifteen-year high against the U.S. dollar, the Japanese government decided to intervene in the foreign exchange ma…
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Japan Throws A Dime To American Debt Junkies
Helping to keep America spending This week, after the Japanese yen had surged to a fifteen-year high against the U.S. dollar, the Japanese government decided to intervene in the foreign exchange ma…
View full post on All Stories
Forex Weekly Technical Update 9.17.2010 – Gold Surges to New Highs; JPY Intervention Shows no Follow Through
The USD continues to lose, and this is reflected by the surge of gold (XAU/USD) to new highs. However, there is some fight back in the end of the week that can be stalked as a correction. Next week, we will see if the market wants to confirm USD weakness. The Japanese yen also slide due to the intervention, but this is widely believed to be an insignificant move against the powerful yen.
View full post on All Stories
Forex Weekly Technical Update 9.17.2010 – Gold Surges to New Highs; JPY Intervention Shows no Follow Through
The USD continues to lose, and this is reflected by the surge of gold (XAU/USD) to new highs. However, there is some fight back in the end of the week that can be stalked as a correction. Next week, we will see if the market wants to confirm USD weakness. The Japanese yen also slide due to the intervention, but this is widely believed to be an insignificant move against the powerful yen.
View full post on All Stories
Forex Trading – Why All The Hype?
Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments.
When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency.
For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.
Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection.
If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.
Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments.
When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency.
For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets.
Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection.
If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.
Dave Leong Is A Forex Enthusiast Who Has Been Following Developments In The Forex World Since The Year 2000. He Tweets Forex On Twitter and Maintains A Personal Forex Trading Website. He Recently Got Entangled @ WebMaiv Forex & Currency Trading Forum.
Is There Any Money Left In Currency Trading?
Currency trading may be one of the most liquid forms of trading, but it is also a volatile market that requires strategy if you wish to make money. The truth is that more people make small profits in this market, while a few are highly successful. The constant change makes this form of trading exciting and with a high profit potential; however, making a fast buck in this market may not be as easy as it used to be.
What is Currency Trading?
In its basic form, currency trading, also known as “forex trading,” is simply that–trading money. It involves trading one currency for another, such as U.S. dollars for the Euro. The exchange rate is known as the foreign-exchange rate, forex rate, or FX rate and is one of the largest markets in the world, trading trillions of U.S. dollars each day. Currency trading gained enormous popularity in the 1990s, and continues today. One reason this type of trading is so popular is that it can be done from a computer, twenty-four hours a day. There are fewer currencies to trade with, which makes learning the practice much easier (as opposed to learning about the many stock options available). The most commonly traded currencies are the U.S. dollar, the Japanese yen, and the British pound.
Currencies are traded in pairs. The trader buys the one that he or she believes will appreciate in value over the other. Currency fluctuates as there is demand for it. Interest rates tend to be an indication of a currency’s demand. The higher a country’s interest rate, the higher demand. However, countries will sometimes try to create demand for a currency by changing interest rates. The well-informed trader needs to conduct research and make educated guesses on a currency’s future.
Currency Trading is Big Business
The currency trading business is big. An estimated two trillion in U.S. dollars is exchanged each day. The forex market is the largest in the world. Because it can be done from home, many people are interested in getting involved, and the payoff can be big. It is also possible to get involved with little investment. Traders simply determine how much they are able and willing to risk, and they can enter the market.
As with other forms of trading, watching the market and making calculated decisions is more likely to result in a profit than making decisions based on emotions, hunches, or preferences. Many courses are available on currency trading. Learning more about the process can help traders make better choices. Choosing a quality course is also a matter that requires a bit of research. However, currency markets fluctuate on both short and long-term timelines, and learning how to best track these changes and the events that affect the markets can help traders, especially those new to the process. The allure of making quick cash is still out there, however, as it is possible to close a contract after a few minutes, hours, days, or weeks.
Is it Nearing its Peak?
The currency trading frenzy, which expanded rapidly during the 1990s, may be reaching a peak. Why? While in some ways currency trading is easy, many people who enter the market do not make money. The idea that you can make quick cash is not as easy as it sounds. Additionally, while traditional stocks are based on a company’s physical assets and product, currency trading is not absolute. Further, governments control, or attempt to control currencies to reach political objectives. Unforeseen events, such as natural disasters, can also alter a currency’s value, making it more difficult to make an educated guess on a currency’s future. Finally, the global marketplace is changing currencies around the world (the Euro is one such example).
This does not mean that a person cannot make money in the currency market. However, as the global marketplace continues to expand and global politics affect currencies, it is much more difficult to determine a currency’s value. Making money in the Foreign Exchange market is possible, but it is not easy. Even economists have a difficult time estimating the future of currencies and purchasing power, so a trader must conduct thorough research, determine trends, and try to make the best guess possible.
Author: Mike Singh
Article Source: EzineArticles.com
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