TIPS AND FREE FOREX ANALYSIS

How To Be a Pro Forex Trader Forex Trading Software

2011-05-05T09:32:00.000-07:00

When you are serious about working at home or perhaps would like to replace your job with one where you can test your intelligence and expose your talents, the best option is Forex trading. This one is the best option where you can generate good income without many investments. Foreign exchange is one of the only areas where there is no need to invest a lot of money, even if you do it may not matter as much because you will start to generate income from the very first day. By this reason everybody is currently awaiting the simplest Forex education that can help them get practical experience and information about how you'll want to go the next day.

Although there are many Forex software and coaching books available on the internet, you need to be extremely careful the method that you decide on. Many Forex training guides do not provide the right basic information. So, you find yourself wasting precious cash for information that could be obtained free of charge on the Internet. The ideal thing you should know about Forex trading is market movement. As it is really important when you're dealing with market trading.

There are many signal providers that provide the information you need, since Forex is more speculating. Signal providers are something that will be necessary in the future. Some kind of assistance that can tell you the market trends in the next hour or day. Although, not all Forex trading signals work correctly, but you can choose the best Forex software signal based on past results and how fast signals are provided to you. Some Forex software signals are intended for professionals to share and can provide signals instantly. This is the full advantage of the program.

The best way to succeed in the market is through proper training and the use of best Forex system software. You can use the suggestions provided to you in preparation, but do not forget to use your visionary skills. While solutions are deducted based on calculations. Do not go blind always follow advice from professionals. Because the situation is never the same on the global financial markets and advice that can be provided may soon become obsolete. If you want to be a successful Forex trader you need a delicate balance between skills and training signals provided by the software.

There several ways you can make profit with Forex trading. There are always two options using a broker or using trading software. But what if you can earn more profit and faster. I can tell you using the second option is the right one.

Want to know about the software please take a look here

Article Source: http://EzineArticles.com/?expert=Manuel_Gabriel

Article Source: http://EzineArticles.com/6219438

Forex Trading Signal Week #14 2011

2011-04-17T10:05:00.000-07:00

Forex Trading Signal Week #14 2011

1) Forex Trading Signal For EURUSD
Forex Trend Analysis

Weekly Chart: Mix

Daily Chart: Strong Bullish

4 Hourly Chart: Strong Bullish

Hourly Chart: Strong Bullish

As a whole, the trend for this pair is pretty strong and is upward.
Forex Technical Analysis
Daily Chart
The MACD divergence that I have talked about last week is being invalidated this week as the MACD has made a higher high.

EURUSD Daily

4 Hourly Chart
On this chart, you can see the formation of a head and shoulder pattern which is a reversal candlestick pattern. In addition, there is a MACD negative divergence forming on this chart as well.

EURUSD 4 Hourly

Overall Forex Analysis
Although the MACD negative divergence is being invalidated, you should not have entered any trade yet as the price did not break below the major support and this is exactly what we should do as a discipline trader.
However the formation of a head and shoulder pattern is a sign of reversal and it is in confluence with the MACD negative divergence. However there is a neckline for this head and shoulder pattern which is at 1.43807. If the price manages to break below the level, you can go SHORT. The best entry will be for the price to break below it and then come back to retest the level.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis

Weekly Chart: Strong Bearish

Daily Chart: Mix

4 Hourly Chart: Weak Bullish

Hourly Chart: Weak Bearish

As a whole, the trend for this pair is DOWN.
Forex Technical Analysis
4 Hourly Chart
The price is now approaching a major support which is the 200 EMA.

GBPJPY 4 Hour

Hourly Chart
The price is currently moving within a trend channel and is also approaching its support.

GBPJPY Hourly

Overall Forex Analysis
I will look to go SHORT for this pair but I will be cautious as the price is moving towards a major support.

Forex Trading Signal Week #13 2011

2011-04-12T02:24:00.000-07:00

1) Forex Trading Signal For EURUSD
Forex Trend Analysis

Weekly Chart: Mix

Daily Chart: Strong Bullish

4 Hourly Chart: Strong Bullish

Hourly Chart: Strong Bullish

As a whole, the overall trend for EURUSD is up for the week.
Forex Technical Analysis
4 Hour Chart
If you have read my previous analysis on this pair, you will have notice the formation of the 123 reversal pattern. I said that I will go SHORT if the price manages to break below the neckline of the pattern. However the price hit the level and indeed attempt to break below for six consecutive times without success.
After the sixth attempt, the price moves up and then came back down to test the same level for another 5 times below moving up again.

EURUSD 4 Hour Chart

Daily Chart
The price is moving up towards the next major resistance at 1.44839. The MACD negative divergence still holds as the price is making a higher high but the MACD did not manage to create a higher high.

EURUSD Daily Chart

Overall Forex Analysis
The trend for this pair remains strong but the MACD negative divergence did not get invalidated and therefore I will not look to go long. I will look to go SHORT when the price hit the major resistance but I shall be looking for other confluence like the reversal candlestick pattern.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis

Weekly Chart: Strong Bearish

Daily Chart: Weak Bearish

4 Hourly Chart: Weak Bullish

Hourly Chart: Strong Bullish

As a whole, the trend is mix for this week but I will look to go SHORT as the higher time frame shows sign of strong bearish
Forex Technical Analysis
Hourly Chart
The price is currently moving within a trend channel which is a sign of pressure relieve after a big up move.

GBPJPY Chart

Overall Forex Analysis
I will wait for the price to break the channel before I decided which direction to go.

The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)

Daily Forex Signals – 13 Jan 2011

2011-01-13T06:34:00.000-08:00

EUR/USD

It is more likely to go up to around 1.31 or 1.3160, and after that, it might have potentially to go down to around 1.3070 or lower.
(Current Price: 1.3080)

GBP/USD

It is more likely to go up to around 1.58, and after that, it might have potentially to go down to around 1.57.
(Current Price: 1.5757)

AUD/USD

It is more likely to go up to around 1.0, and after that, it might have potentially to go down to around 0.9970.
(Current Price: 0.9937)

Daily Forex Signals – 12 Jan 2011

2011-01-12T06:05:00.000-08:00

This week is really hard to predict, and market is more likely to move zig zag and unpredictable.

EUR/USD

May be still want to go up to around 1.30 or 1.3050, and after that, it might have potentially to go down to around 1.2950.

(Current Price: 1.2975)

GBP/USD

May be it is more likely to go up to around 1.5650 or higher, and after that, it might have potentially to go down to around 1.5570 or lower.

(Current Price: 1.5602)

AUD/USD

No Comment

USD/JPY

No Comment

USD/CHF

No Comment

Daily Forex Signals – 07 Jan 2011

2011-01-08T03:06:00.000-08:00

Beware of Non Farm Payroll news, because market would depends on that report.

Forex Analysis and Trading: Effective Top-Down Strategies Combining Fundamental, Position, and Technical Analyses (Bloomberg Financial)

EUR/USD

It is more likely to go down to below 1.30 or may be 1.2950, and after that, it might have potentially to go up to around 1.3050 or higher.

(Current Price: 1.3019)

GBP/USD

It is more likely to go down to around 1.5430 or lower than 1.54, and after that, it might have potentially to go up to around 1.55.

(Current Price: 1.5489)

AUD/USD

It is more likely to go down to around 0.9920 or lower, and after that, it might have potentially to go up to around 1.0

(Current Price: 0.9953)

USD/JPY

It is more likely to go up to around 83.50 or higher than 83.70, and after that, it might have potentially to go down to around 83.

(Current Price: 83.10)

USD/CHF

It is more likely to go up to around 0.97, and after that, it might have potentially to go down to around 0.9640.

(Current Price: 0.9647)

Forex Analysis and Trading: Effective Top-Down Strategies Combining Fundamental, Position, and Technical Analyses

What currency pairs to trade in Forex?

2010-12-30T01:58:00.000-08:00

How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life (Wiley Trading)

Although there is lots of currency pairs offered to Forex traders, if you are a beginner it is easier to start with major currency pairs:

EUR/USD

GBP/USD

USD/JPY

There are several good reasons for that:

1. These currency crosses are widely traded, thus providing liquidity which is needed in order to benefit from price changes.

2. They have tight spreads, except may be for GBP/USD, which most of the time receives higher spread quotation from Forex brokers as it is more volatile (e.g. has wider price ranges than other pairs).

3. They all are traded against US dollar, which automatically suggest that the most active trading hours would be during New York trading session – the session with the highest volume of trades.

4. And finally, there are many Forex trading systems that are developed for trading those pairs and can be found online.

What currency pairs to avoid?

Exotic and uncommon currency pairs should be avoided by novice Forex traders as some further knowledge is needed to trade such pairs successfully.

Here is the list of major currencies beginner traders should focus on:

Euro (EUR)

US Dollar (USD)

British Pound (GBP)

Swiss Franc (CHF)

Japanese Yen (JPY)

Australian Dollar (AUD)

Canadian Dollar (CAD)

Also novice Forex traders should try to avoid currency pairs which have high spreads. Spreads vary from broker to broker. The information about spreads can be found at brokers’ websites, or at the special column called “Spread” on the trading platform itself, or from the Ask/Bid table (found also on the trading platform) by subtracting Bid price from the Ask.

Forex Strategy 10: Low Risk/High Return Currency Trading

Forex Trading Mobile Apps for BlackBerry, Iphone and Windows Mobile

2010-12-29T08:31:00.000-08:00

Forex Trading Secrets: Trading Strategies for the Forex Market

Forex Trading Mobile Apps for BlackBerry, Iphone and Windows Mobile

Trade Forex On Your Mobile Device (BlackBerry, Iphone & Windows Mobile) Step by Step:

a) FKCM Register for a Demo Account (link)

b) Download The FXCM Mobile Trading platform (link)

On other supported forex trading mobile devices (BlackBerry, Iphone & Windows Mobile), go to http://www.fxcm.com/m on your mobile device and you will be prompted to download the application.

fxcm.com – Forex Trading Mobile Apps

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Forex Trading Secrets : Trading Strategies for the Forex Market

Make Volatility and Risk Work for You with Forex Trading!

2010-12-24T03:41:00.000-08:00

“This book should be in every trader/investor’s library. As we come out of this depressed market . . . this book can be your companion, helping you avoid mistakes and enhance your trading/investment program.”

—Bill M. Williams, author of Trading Chaos

“Whether you’re just getting started trading the world’s most exciting financial market, or you’re looking to add to your trading edge, [the authors] have written an engaging book packed with powerful techniques that you can use right now.”

—Rob Booker, trader, author, educator, and founder and host of TraderRadio.net

The foreign exchange market is the largest trading market in the world, with average daily volume well into the trillions. Because the market is always characterized by high liquidity, forex traders benefit most from volatile markets—making it the ideal investment approach today and well into the future.

Mastering the Currency Market is a comprehensive guide to currency and futures trading strategies and techniques for both highly volatile and nonvolatile markets.

Putting to work their vast and highly diverse experience in forex trading, the authors explain how to take advantage of the many benefits of foreign exchange trading, including its low cost of entry afforded by margin, and the dynamic pricing by nature of the competitive marketplace. Mastering the Currency Market is divided into five sections covering:

The basics of trading currencies

Fundamental analysis of price valuation
Technical analysis and trading charts
Trading philosophy and psychological discipline
Volatility and risk management

With four decades of combined experience, the authors clearly communicate to you a trading method that will give you the confidence to both analyze markets and execute trades successfully, regardless of underlying market conditions.

As 2008 introduced nightmare scenarios for investors around the world, it was Al Gaskill’s most productive period of his trading career. He used the same trading methods spelled out in this book.

Apply the lessons inside and you’ll see profits rise during periods of high market volatility, and when the market slows down, you can downshift to countertrending methods. It’s a win-win investing method, and Mastering the Currency Market leads you through it every step of the way.

Forex traders perform exceptionally well in highly volatile, risky, and active markets. And with the leveling out of international markets and the increase in competition this breeds, dramatic growth is virtually assured—so now is the time to enter this exciting and lucrative market.

Mastering the Currency Market walks you through all the steps for entering the market with the confidence and smarts you need. It provides a solid foundation on the basics of foreign exchange, then examines more advanced topics, such as:

Hedging against fluctuations in currency values
Long-range planning and risk management
Techniques applicable to countertrending and low-volatility markets

About the Author Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

Forex Tip Trading for the Shrewd Player

2010-12-20T05:53:00.000-08:00

The Forex market is considered to be one of the toughest markets to crack by trading experts all over the world. The reason for this is that the Forex trading market is not a regulated market and tends to flow with the trends. Therefore, if you are looking to enter Forex trading you need to keep certain things in mind. The following is a Forex tip trading list that you can utilize to earn more.

Forex trading brokers:
There are many Forex trading brokers on the internet that have tall claims and unbelievable advertisements. You should be aware of the fact that every Forex trading broker online is not reliable, and that their claims of impending success without any investment of effort must be taken with a pinch of salt. Instead of going for the cheapest and the most attractive advert of the Forex trading module, the first ‘tip\' in Forex tip trading is that you should do thorough research into the best modules available online and only then go for any particular one. It would be especially beneficial for you if you discuss the pros and cons of the best modules with someone who is experienced in the field.
Discipline:
The second tip for Forex tip trading is that you should never lose control and go all in. Forex trading is not gambling and hence must not be treated like poker. It is common for new people to fall into the trap of treating Forex trading like a gambling game and start trading on the basis of their instincts. Forex trading is almost a science in itself and requires the trader to calculate and measure before investing. You will have access to charts and graphs which must be studied in detail before you decide on any one investment option.
Leveraging:
The third tip with regards Forex tip trading is related to leveraging. The majority of Forex trading brokers will allow you to leverage your deposit to a ratio of almost 200 to 1. However, if you go so far out with your leveraging then the most positive outlook would be that it will eat into your profit margin. Over leveraging your deposit also has much more dire consequences, with the worst case scenario seeing you lose your whole deposit. Biggest tip here: Manage your capital!!!
Strategies:
You should try not to make your strategies too complex or too stringent. Instead, try to simplify things and go for the current trends in the market. Falling in line with the trends in the market is a way for you to ensure that you have the best chance of making profits by the end of the day. Furthermore, if you are new, this is one of the safest ways for you to get the hang of Forex trading.

In addition to each and every aforementioned examples of Forex tip trading, there are many more that seasoned Forex traders can equip you with. Therefore, in order to learn as much about Forex trading as possible, you should find a mentor who can help you with Forex tip trading on an everyday basis.

About the Author
Eva Iles is a Forex trader who regularly writes about Forex trading tips, Forex trading platforms and help on how to read Forex charts on High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets (Wiley Trading)
The Hottest Forex Tip Trading secrets can be found at
Forex Trading Made Simple: A Basic Guide On How To Profit From Foreign Exchange

Forex Trading Secrets; Trading strategies for Forex Market

2010-12-19T06:41:00.000-08:00

Follow this simple Forex trading system for faster profits and faster results. Only a select group of 10 percent of Forex traders consistently perform winning trades. This article will discuss a simple Forex trading system for you to implement to fast track your Forex education and profits.

Simple Forex Trading System One:

Generally currencies always trade well and the price always is the leading indicator so be sure to look for convincing clues and follow the lead.

Simple Forex Trading System Two:

Your indicators are really your best friend. You must believe in what they are telling you 100 percent of the time with no exceptions. Analyze the clues that they are giving you and act upon them. Never second guess them.

Simple Forex Trading System Three:

Always draw pivot points on your 15 minute chart with no exceptions.

Simple Forex Trading System Four:

The area between never points is never the place to trade. The best trade are always made in and around the pivot points. Avoid all other areas at all costs.Simple Forex Trading System That Works

Simple Forex Trading System Five:

After 2am New York time is the busiest time on the Forex market as it\'s when the major rallies for the Euro begins.

Simple Forex Trading System Six:

If you are anxious to follow one signal that you have been given then by all means one signal is all you need. However, for a clearer signal and clue wait for more.

Simple Forex Trading System Seven:

Always be aware for combinations of price patterns as well as obvious price patterns when looking for clues.

Simple Forex Trading System Eight:

The most successful Forex traders only think one way, in one direction. If the trend is up then buy the dips and if the trend is down then sell the rallies. Forex trading does not need to be any more complicated than that.

Simple Forex trading system Nine:

Make sure you get the best Forex trading system education that you can. Avoid free Forex trading system courses and find one that you can budget for. Also be sure to expand your Forex trading education throughout your Forex trading career.

About the Author

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Forex Tips - 8 Essential Forex Trading Tips For Bigger Forex Profits

2010-12-17T03:12:00.000-08:00

If you are new to Forex trading then the Forex tips enclosed will help you win and enjoy currency trading success - let's take a look at them.

These 8 essential Forex trading tips are in no particular order of importance there all important!

1. Don't Trust Forex robots or Expert Advisors

These are a guaranteed way to lose your money quickly. Naïve and greedy traders buying thinking they are going to get a life long income for a hundred dollars or so - it looks to good to be true and it is. Avoid these cheap get rich quick systems and do it on your own.

2. Learn Technical Analysis

You can learn to trade in Forex quickly, so make sure you get the right education. By far the most time efficient way to trade is to use Forex charts and simply follow the reality of price change as it occurs on the chart, this may sound simple but prices trend and if you can learn to trade these trends, you can simply lock into them and hold them for big profits.

It should 0nly take a couple of weeks to put a robust Forex trading strategy together and then you can start making big profits in 30 minutes or less per day.

3. Keep Your System Simple

Your system should only consist of chart support and resistance and a few confirming indictors. Never make your system complicated or it will break, in an odds based market like Forex, simple systems are more robust so always keep your strategy simple.

4. Don't Over Leverage Your Account

You can get leverage of up to 400:1 with most brokers but don't use it all! Novice traders should use 10:1 maximum leverage and even after they become experienced, they never use all the leverage granted to them. Over leveraging destroys more accounts than any other single reason.

5. Use Stops and Accept Short term Losses

If you want to win, you need to learn to lose short term and keep losses small. Never let losses run and always use stops. Forget your ego and don't angry when you lose, all traders need to take losses, while they wait for gains. The best traders always keep their losses small and you must to.

6. Run Your Profits

Many traders snatch their profits to quickly and never run them but unless you run your profits, you will never cover your inevitable losses - so if you have a winning trade have the courage to milk it for all its worth.

7. Always Understand Discipline is the Key to Success

If you have a trading system you need to apply it with discipline and not deviate from it. In a losing period many traders simply get frustrated and over ride their rules and if you do this you simply have no system and will lose.

8. Have Confidence in Your Trading Edge

When trading Forex, you reply on your skills and judgement and success comes from within. You must have confidence in what you are doing and know why you will win. This will allow you to trade with discipline; cut your losses and have the courage to hold your winning trades to achieve long term currency trading success.

Anyone Can Win at Forex if they Want too!

Anyone can learn to win at Forex and although you need a good method, you also need the right mindset to trade with discipline.

Top Forex Trading Tips And Strategies: Proven Strategies To Maximize Your Profit With Forex Trading

Forex Tips: Benefits of Forex Trading

2010-12-16T05:51:00.000-08:00

The forex market is a global financial market that operates on the counter. The fact that there is no central location for foreign exchange transactions or perform analysis forex market is decentralized. The relative values of currencies are determined in the foreign exchange market. This market is considered unique because of various factors, including high liquidity (due to huge volumes of transactions), geographical dispersion and the use of leverage. Another important factor that makes this market position is its continuous operation. That means it runs 24 hours a day except weekends.

What are the advantages of the scene Forex Analysis weekend in Forex currency trading?

As the proverb says "Plan your trade - and trade your plan," a move intended to help you achieve your business goals smoothly. The main advantages of conducting analysis weekend in forex trading:

Weekend lets you create analysis has big picture view of a Specific Market That You are interested in.. Düring cette période, The Markets are free from dynamic flow As They are closed to trading. Establish an overview: analysis Weekend lets you create a view overview of a specific market that interests you during this period, the markets are free of dynamic flow because they are closed to trading. This helps traders think objectively, away from emotion.

By performing analysis over-the-weekend trading traders Cdn set up trading Their plans for the Week Ahead. Develop plans for negotiation: In conducting the analysis of bargaining over the weekend traders can develop their negotiation plans for the coming week. This in turn allows them to decide what business plans they would implement. Advance preparation always pays off.When markets are closed on weekends, traders can study and find weekly charts and new models that may affect their business. You can find new or experts pointing to a market downturn where the reason may be making a double top. Experts can sometimes be just a trap and hope you get caught in it are attracted by the market. This will allow them to sell their positions on the increased liquidity. These actions make it vital for operators to formulate their trading week ahead rationally.

Many traders Perform a weekend routine analysis to ESTABLISH a preparation method. Method of preparation routine: Many traders to analyze weekend to develop a method of preparation routine.This helps to create a business plan in the specific area they are concentrated. This further allows them to establish the mental state required for the coming week.

Basically, to understand the current situation in the foreign exchange market, operators must take weekend analysis as a basis. It is a cornerstone of forex trading.

A Guide To Forex Robot

Swiss currency's long-running rally ?

2010-06-25T10:03:00.001-07:00

TORONTO -(Dow Jones)- The climb in the Swiss franc continued Friday, with the currency smashing through previous record highs to drive the euro below the psychologically significant CHF1.35 level.

The Swiss currency's long-running rally has accelerated of late after the Swiss National Bank stepped back last week from its policy of seeking to hold it down, a stance it reiterated Monday.

Broad-based euro weakness and a fresh burst of general nerves are giving fuel to the move. Late afternoon the euro was trading at CHF.3491, up from its most recent all-time low at CHF1.3456.

Until the central bank sees evidence that the strong franc is fuelling deflation by making imports cheaper--an unlikely prospect at this point--it is expected to allow the currency to keep on rising. That marks a sharp contrast to the SNB's heavy-duty program of buying euros to slow the franc's ascent in recent months.

"The combination of risk sentiment being pulled back and the euro declining is toxic for the Swiss franc," said Michael Hart, a currencies analyst at Citigroup in London.

The rapid rise in the Swiss currency is likely to test the SNB's new policy, and fresh intervention cannot be ruled out, Hart said. "Either way though, intervention would likely provide only a temporary reprieve from Swiss franc appreciation in the context of relatively healthy fundamentals," he said.

Chart-watching technical strategists at Barclays Capital suggested Wednesday that over the long term, the risk of the euro falling to parity against the Swiss franc "cannot easily be dismissed."

-By Katie Martin, Dow Jones Newswires; 44-20-7842-9346; katie.martin@dowjones.com

(Karen Johnson in Toronto contributed to this article.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=onFASm%2FbgfZnBI0h0pWzNw%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

China's decision to increase the flexibility of the exchange rate of its currency

2010-06-22T10:04:00.001-07:00

SANTIAGO (Dow Jones)--China's decision to increase the flexibility of the exchange rate of its currency, the yuan, bodes well for Chile, especially in light of high commodity prices, said Chile's Economy Minister Juan Andres Fontaine on Tuesday.

As one of Chile's main trading partners, China's increased currency flexibility could increase the Asian giant's appetite for Chilean exports, especially copper.

Chile currently produces 30% of the world's copper, and China is one of the biggest buyers of its local copper production.

The change in currency policy ensures China's rapid economic growth, Fontaine said at CorpBanca's (BCA, CORPBANCA.SN) annual Economics Seminar.

"The gradual appreciation policy in the currency is very compatible with a sustained expansion of demand," said Fontaine.

The minister said that the true risk from China's new monetary policy would more likely be on the side of inflationary pressures rather than deflation, but emphasized that the policy is positive for Chile.

The news from China and high copper and commodity prices make a "favorable" combination for Chile, Fontaine said.

As a result of China's weekend announcement, the peso appreciated against the dollar Monday, ending at CLP530.30, compared to Friday's close of CLP534.80.

-By Erin McCarthy, Dow Jones Newswires; 56-2-715-8939; Chile@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=6J5eLJMzFNhhAczxblxTrQ%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

June 22, 2010 12:42 ET (16:42 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

Interbank Foreign Exchange Rates

2010-06-21T04:53:00.000-07:00

Latest Previous %Chg Daily Daily %Chg
Dollar Rates 2150 GMT High Low 12/31

USD/JPY Yen 91.31-34 90.35-37 +1.06 91.48 90.30 -1.91
EUR/USD Euro 1.2398-01 1.2434-37 -0.29 1.2467 1.2369 -13.40
GBP/USD Sterling 1.4859-61 1.4836-42 +0.16 1.4936 1.4809 -8.07
USD/CHF Swiss Franc 1.1087-90 1.1042-46 +0.41 1.1108 1.1010 +7.08
USD/CAD Canadian Dlr 1.0162-68 1.0179-87 -0.17 1.0213 1.0151 -3.34
AUD/USD Australian Dlr 0.8835-37 0.8803-08 +0.36 0.8859 0.8754 -1.65
NZD/USD New Zealand Dlr 0.7143-48 0.7112-20 +0.44 0.7152 0.7078 -1.56

Euro Rates

EUR/JPY Yen 113.22-26 112.35-39 +0.77 113.41 112.11 -15.04
EUR/GBP Sterling 0.8343-47 0.8379-82 -0.43 0.8379 0.8329 -5.81
EUR/CHF Swiss Franc 1.3743-48 1.3733-37 +0.07 1.3771 1.3699 -7.29
EUR/CAD Canadian Dlr 1.2600-09 1.2659-66 -0.47 1.2680 1.2583 -16.28
EUR/AUD Australian Dlr 1.4031-38 1.4117-28 -0.61 1.4158 1.4015 -11.95
EUR/DKK Danish Krone 7.4398-03 7.4394-95 +0.01 7.4410 7.4396 -0.01
EUR/NOK Norwegian Krone 7.8591-72 7.8574-31 +0.02 7.8715 7.8328 -5.30
EUR/SEK Swedish Krona 9.5025-65 9.5350-65 -0.34 9.5563 9.4808 -7.27
EUR/CZK Czech Koruna 25.7020-20 25.6310-10 +0.28 25.7400 25.6310 -2.60
EUR/HUF Hungary Forint 277.85-10 278.00-30 -0.05 278.70 275.83 +2.69
EUR/PLN Polish Zloty 4.0360-00 4.0241-00 +0.30 4.0512 4.0135 -1.69

Yen Rates

AUD/JPY Australian Dlr 80.68-72 78.85-93 +2.32 80.85 79.35 -3.51
GBP/JPY Sterling 135.68-73 134.09-11 +1.19 136.01 133.98 -9.82
CAD/JPY Canadian Dlr 89.80-86 88.740-90 +1.19 89.98 88.53 +1.42
NZD/JPY New Zealand Dlr 65.24-27 64.19-42 +1.64 65.30 64.21 -3.41

Other Dollar Rates

USD/CZK Czech Koruna 20.739-69 20.659-89 +0.39 20.792 20.580 +12.51
USD/HUF Hungary Forint 224.11-27 223.05-13 +0.48 225.12 221.95 +18.58
USD/DKK Danish Krone 5.9985-25 5.9800-06 +0.31 6.0149 5.9679 +15.41
USD/NOK Norwegian Krone 6.3374-95 6.3190-30 +0.29 6.3518 6.2896 +9.32
USD/PLZ Polish Zloty 3.2560-79 3.2348-18 +0.66 3.2745 3.2228 +13.54
USD/RUB Russian Ruble 30.742-48 30.980-85 -0.77 30.969 30.675 +1.42
USD/SEK Swedish Krona 7.6700-20 7.6720-50 -0.03 7.7028 7.6145 +7.15
USD/EEK Estonia Kroon 12.6137-37 12.6259-57 -0.10 12.6381 12.5516 +15.40

USD/HKD Hong Kong Dlr 7.7722-32 7.7739-47 -0.02 7.7768 7.7682 +0.24
USD/MYR Malaysian Ringt 3.1845-85 3.2515-55 -2.06 3.2450 3.1810 -6.98
USD/INR Indian Rupee 45.7500-00 46.0100-00 -0.57 45.9400 45.5400 -1.41
USD/IDR Indones Rupiah 9010-020 9087-095 -0.85 9075 9005 -4.40
USD/PHP Philippine Peso 45.760-40 45.760-40 0.00 45.950 45.460 -1.57
USD/SGD Singapore Dlr 1.3752-58 1.3731-34 +0.15 1.3812 1.3697 -2.14
USD/KRW S. Korean Won 1173.9-6.2 1202.5-0.7 -2.38 1185.9 1169.6 +0.68
USD/TWD Taiwan Dlr 31.755-70 32.125-25 -1.15 32.090 31.720 -0.73
USD/THB Thai Baht 32.27-30 32.33-39 -0.19 32.41 32.18 -3.25
USD/VND Vietnamese Dong 18950-90 18900-00 +0.26 +2.58
USD/ZAR S. African Rand 7.4638-98 7.4750-80 -0.15 7.5175 7.4145 +0.76

USD/BRR Brazilian Real 1.770-70 1.770-71 0.00 1.772 1.770 +1.54
USD/MXN Mexican Peso 12.455-67 12.500-05 -0.36 12.485 12.421 -4.77
USD/ARS Argentine Peso 3.9250-00 3.9250-00 0.00 Untraded today +3.27

Source: Thomson Reuters

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(END) Dow Jones Newswires

June 21, 2010 07:50 ET (11:50 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

DOW JONES NEWSWIRES

2010-06-21T04:52:00.001-07:00

DOW JONES NEWSWIRES

Robert Doll, Blackrock Inc.'s (BLK) vice chairman and chief equities strategist, said Monday he was a "cautious optimist" about the global economic recovery and that he didn't see us heading toward a "double-dip" recession. In a CNBC interview, Doll said he doesn't expect an "ebullient recovery" but that he expected GDP growth this year to be positive, in the upper part of the 2%-3% range, with continued earnings growth. Doll said the Chinese currency move at the weekend was another sign we won't have a "double-dip" as the Chinese "wouldn't have moved forward if they were lacking confidence in the global economic recovery." He termed double-dips as extremely rare, with few historical precedents.

Full story at www.cnbc.com

-Dow Jones Newswires; 212-416-2900

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(END) Dow Jones Newswires

June 21, 2010 07:49 ET (11:49 GMT)

durability of the euro's rebound

2010-06-21T04:48:00.000-07:00

By Don Curren
Of DOW JONES NEWSWIRES

TORONTO (Dow Jones)--The durability of the euro's rebound from its recent four-year low is the key issue confronting currencies in the trading sessions ahead.

The euro has made a substantial recovery since bottoming out at $1.1876 on June 7, a roughly 16.5% drop since the beginning of the year. But the currency--now down about 13.6% so far in 2010--remains fragile, and is vulnerable to pressure from a number of sources, including new developments in the euro zone's sovereign-debt crisis.

Its rebound has been driven by some good news from the euro zone, including a successful Spanish bond auction and plans by the European Union to publish bank stress tests. The euro's recovery is attributable in large measure to investors booking profits on earlier negative bets against the common currency, so the recovery remains tenuous.

If the news in Europe continues to be positive, the euro could extend its two-week rebound in the short term, even though its longer-term outlook remains questionable.

Late Friday, the euro was at $1.2361, down from $1.2388. The dollar was at Y90.73, down from Y91.00, while the euro was at Y112.15, down from Y112.72. The U.K. pound was at $1.4801, down from $1.4820. The dollar was at CHF1.1097, down from CHF1.1119.

The ICE Dollar Index, which tracks the dollar against a trade-weighted basket of currencies, was at 85.705, up from 85.657.

Analysts see the euro trading in a range between $1.2200 and $1.2500 next week, with the potential for its recent correction to extend to $1.2700 in the weeks ahead.

"The recent euro rally is a corrective phase in a bear market and not a change in trend, but the upward momentum is strong and the $1.25 mark may be tested soon," said currency strategists at Brown Brothers Harriman in New York.

Since the common currency's rebound is partially a product of market players covering negative bets, it might not portend a sustained improvement, analysts say.

"Ultimately, when the market is this short a particular currency and a pullback happens, it results in some price volatility. It doesn't necessarily reverse the longer-term trend," said Jack Spitz, managing director for foreign exchange, financial markets and derivatives at National Bank Financial in Toronto.

The euro could slip into a pattern of sideways trading against the dollar after its recent volatility, said Shaun Osborne, chief currency strategist at TD Securities in Toronto.

The euro continues to trade heavily against other major currencies, notably the Swiss franc, and that could be an indication of a coming retreat against the greenback, he said.

The euro dropped to a record low of CHF1.3718 against the Swiss franc on Friday.

While the euro looks vulnerable, the yen appears likely to continue on its recent strengthening track. Analysts see the dollar moving between roughly Y90.00 and Y92.50, with a tendency to edge lower in that range.

"I think the yen may strengthen a little bit, although it will be in reaction to a more risk-averse environment, not for any fundamental reasons," Osborne said. "The yen is the mystery wrapped inside of the enigma, I think," he said.

The yen's strength this week in a generally risk-positive environment is somewhat puzzling, said National Bank's Spitz. "It's being seen in many respects as somewhat of a range trade," he said.

A move below Y90 by the dollar would likely invite "jawboning" by Japanese authorities in an effort to quell the yen's strength, Spitz said.

A handful of key events loom over currency markets next week.

One is the U.S. Federal Reserve's two-day open market committee meeting.

No one is expecting the U.S. central bank to raise interest rates, but investors will be scrutinizing its policy statement closely for any clues about future direction.

"At this stage, a significant change to its statement seems unlikely, with low rates for an 'extended period' retained," said currency analysts at ING in London.

"However, the chance of noteworthy alterations cannot be completely ruled out and this may prevent the [dollar] from softening as much as it might otherwise in the lead-up," they added.

Other notable events include the meetings of leaders from the Group of Eight major economies in Huntsville, Ontario, and the Group of 20 advanced and emerging economies in Toronto.

The G-20 event, which takes place next weekend, will be watched closely for any signals on currency policy.

Analysts say China's fixed-exchange-rate regime could be up for discussion during the G-20 meeting, although Chinese officials have said the meeting shouldn't be a forum for discussing the currency.

-By Don Curren, Dow Jones Newswires; 416-306-2020; don.curren@dowjones.com

(TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.)

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(END) Dow Jones Newswires

June 21, 2010 07:37 ET (11:37 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

Consolidate Your Debt

2009-08-03T03:56:00.000-07:00

Debt seemed to an inevitable way of life these days with rising living costs. But it doesn’t have to be this way. Let us show you how to consolidate your debt. Your first step is to set a goal for yourself: to lower your overall commitments. To accomplish this mission, you’d need to set the following targets:
Reduce the total amount of interest that you are currently servicing on your outstanding debt or loan
Reduce total amount of cash forked out to pay monthly commitments
Draw up a strategy to combat your personal financial situation
A common mistake made by many is to take up multiple loans at one time without considering its toll in the long run. This can have a devastating effect on your overall financial well-being.
Here are some simple questions you can ask yourself when considering to take up a new loan:
At what age do you plan to be debt free?
Does the new loan offer any protection against fluctuation of interest rate? Will you end up paying more than you can afford?
Will you incur any penalty or extra charges should you decide to settle your loan early?If you are not sure how the calculations are done, enlist the professional help of our skilled financial advisors.

Here are some basic tips to help you stay on track:
Take advantage of credit card balance transfer programs
Take advantage of credit card balance transfer programsMost banks have this program to help credit card holders to settle their debts faster. Interest rate charged is normally lower for such programs. So you may want to take advantage of this to help you trim your debt. Find out from your bank what is your credit card limit and what is the interest rate offered if you transfer your balances from other banks’ credit card to theirs. Once you have consolidated your credit card debt, set a payment plan to help you riddle yourself out of debt within a targeted period of time. Most important of all, make sure you stick to your plan

Sign up for a personal loan
Sign up for a personal loanAnother option that you may consider is taking up a personal loan. Interest rate charged is usually lower than the ones charged by credit cards. Monthly repayments are often predictable, which can help you to plan better in achieving a debt free status within a targeted number of years. However, before jumping into one, find out in detail about the personal loan that you are interested in and compare it against other available options that you may have.

Refinance your home (if it can help you save)
Refinance your homeAnother way to save up on the total amount of interest paid is to source for alternative home loans that offer greater flexibility and lower interest rate. If you can refinance your home at a much lower interest rate, you can significantly reduce the amount payable on interest rate charged on your outstanding loan. Be absolutely certain that you understand the total cost of refinancing. If you managed to cut back on expenses in other areas, pump in more cash into your loan to reduce your outstanding amount so as to lower the total amount of interest payable.

JULY 29, ANALYSIS

2009-08-02T09:21:00.000-07:00

EUR/USDIt is more likely to go down to around 1.41 or lower, and after that, it might have potentially to go up to around 1.4250.(Current Price: 1.4170)

GBP/USDIt is more likely to go down lower than 1.64 or even 1.6350, and after that, it might have potentially to go up to around 1.65.(Current Price: 1.6430)AUD/USDIt is more likely to go down to around 0.82, before it goes up to around 0.8350.(Current Price: 0.8265)

USD/JPYIt is more likely to go up to around 95, before it goes down to around 94.(Current Price: 94.45)

USD/CHFIt is more likely to go up to around 1.08, before it goes down to around 1.07.(Current Price: 1.0752)