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  Yen and Dollar Fell While Sterling Excelled

>> Thursday, July 9, 2009

The Yen and the Dollar fell on Thursday, compensating some of the earlier session's gains, while sterling extended gains after the Bank of England kept its quantitative easing target unchanged.

A recovery in European stocks helped to buoy the Euro and perceived higher risk currencies, which fell sharply on Wednesday as optimism about the global economy's recovery prospects, waned and investors trimmed risk exposure.

European equities jumped by 1.1 %, breaking a five-session losing streak and pushing the yen lower after it surged broadly on Wednesday, hitting a five-month high against the USD.
Analysts noted, however, that the current moves are corrective and do not represent any fundamental shift in market sentiment.

Sterling outperformed meanwhile after the BoE left its asset buying programme at 125 billion pounds, just as most in the market had expected the central bank to expand the total by 25 billion pounds..

Sterling jumped by 1.2 % against the Dollar to $1.6255 , while the Euro lost 0.5 percent against the UK currency to 85.98 pence as the pound extended gains after the Bank of England policy decision. The news that it was not expanding quantitative easing came as the central bank left key interest rates unchanged at 0.5 percent, as widely expected.

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  U.S. Markets: Trading capacity fell considerably ahead of the earnings period.

>> Wednesday, July 8, 2009

According to the latest forex updates, U.S. Markets are trading down by a little more than 1.5%, as investors wait for the earnings season to begin in full strangle mode.

The first major company that is due to report its earnings over the second quarter on Wednesday, and market partakers wait for the earnings result of Alcoa. TheLFB-Forex.com Trade Team said that the present earnings season is very important because it can justify or not the strong rally started in March, where the major U.S. indexes advanced as much as 40%.

More significantly, investors will focus on the banking sector earnings, to see if the “wonders” from the first quarter still have legs, and on the retail companies, to determine consumers’ activities over the previous quarter. Since consumer spending mostly drives the U.S. economy, the earnings reports are likely to have a significant influence in the financial market.

Over the last few days of trading, the market has been trading on light trading volume in the European and in the U.S. markets. Particularly, the last two days of trading in the cash market had been very light, especially in the European markets, where the U.K. FTSE moved only on half of the volume recorded over the last few weeks of trading.

The Dow Jones Index fell 144.27 points (1.73%) to 8,180.60, while the S&P 500 index declined 15.59 points (1.73%) to 883.13. Crude oil for July delivery was recently trading at $62.80 per barrel, lower by $1.20. Tuesday was the sixth repeated day in which oil fell down, time in which it lost almost 15%. Gold for July delivery was recently trading higher by $3.90 to $928.20. Gold managed to hold its value on Tuesday, even though crude oil headed lower.

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  Central bank of Australia sees scope to cut interest rates.

>> Thursday, June 4, 2009

On Thursday Australia's top central banker stated that he saw possibility to cut interest rates more to make sure a long-lasting economic influence and warned about declining business investment and consumer spending.

Thursday’s Government data sought to strike a chord to the investors about downside risks to the economy with exports falling 11% in April from March. Australian dollar fell down to $0.8014 from around $0.8040 beforehand.

As a result of a droop in exports, Australia suffered its first trade deficit since July last year, just a day after 1st quarter GDP showed the country moved away a recession, helped by its best trade performance in 48 years.

Reserve Bank of Australia Governor Glenn Stevens said that it is likely that activity has remained subdued in the June quarter, the quick downfall in business investment is more or less undoubtedly continuing. While consumer expenditure has held up quite well so far, it may be weaker over the next few months, as the one-off government payments pass and rising unemployment starts to weigh.

Stevens also said that the joint effect of the large fiscal and monetary incentive has played a role in mitigating Australia from the worst global downturn in decades and that monetary policy intended to cut borrowing costs and support demand but the central bank would be careful not to encourage shaky debts.

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  General Motors Corp. got the court approval to auction its assets.

>> Tuesday, June 2, 2009

General motors Corp. filed the bankruptcy and won the court approval to auction its assets with the highest bid coming from the U.S. reserves and aimed at closing the sale in July to create a restructured Automaker.

Yesterday Judge Robert Gerber in Manhattan gave the permission to borrow $15 billion of a planned $33.3 billion bankruptcy loan from U.S. Bankruptcy. According to a court filing yesterday the U.S. government will expand $50 billion in loans to the 100-year-old automaker and its strategy is to convert that into a 60 % stake in the restructured organization.

General motors Corp. the largest carmaker until its 77-year sovereignty ended last year, had beaten Chrysler LLC as the largest manufacturer to file for bankruptcy. Detroit-based GM plans to commence a new company in 60 to 90 days, equipped with vehicles from its Cadillac, Chevrolet, Buick and GMC units for the U.S. market.

The court will administer the sale or liquidation of unprofitable brands, such as Saturn and Hummer, and at least 11 unwanted factories. General motors Corp stated in its bankruptcy filings yesterday that it has more than 100,000 creditors, and they will recover some assets in the restructuring. Company operations outside the U.S. were not included in the petition.

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  General Motors prepares to Declare Bankruptcy Yen rose vs. Dollar

>> Monday, June 1, 2009

According to the latest Forex updates - After the declaration of U.S. government that General Motors Corp. will file for insolvency today, the Yen climbed up for a 2nd day against the Dollar and the Euro, impelling demand for Yen as a protection from the financial crisis.

The Yen became sophisticated versus 13 of the 16 most-traded currencies after the U.S. government said GM is planning to close 11 factories, accumulating to signs the U.S. recession is far from over. The Euro fell against the Pound on alarm that European Central Bank policy makers will signal this week they plan further steps to keep down borrowing costs, wetting the request of the 16-nation currency. After a Chinese report that shows manufacturing expansion led to the increase of Taiwan Dollar the most in a month.

The Yen became stronger to 95.14 per Dollar as of 1:29 p.m. in Tokyo, from 95.34 in New York last week, when it completed a 3.5 % monthly gain. The Yen increased to 134.58 per Euro from 134.96. The Euro traded at $1.4147 from $1.4158, after gaining 7 % last month, its major forward move since December. Europe’s currency fell to 87.13 pence from 87.46 last week. Sumitomo Mitsui’s Uno said that the Dollar may weaken to as low as 94.25 Yen today.

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  Magna International Inc. has been chosen by Germany as the buyer for General Motors Opel.

>> Saturday, May 30, 2009

Magna International Inc. has been chosen by German Chancellor Angela Merkel’s government as the buyer for General Motors Corp.’s Opel and confirmed a financing plan aimed at helping the money-losing unit prevent insolvency.


Finance Minister Peer Steinbrueck told reporters at 2:13 a.m. in Berlin after a meeting with leaders including Merkel that the Canadian car-parts maker, Magna that’s competing with Fiat SpA in its bid for Opel, will invest in the Russelsheim, Germany-based carmaker. Germany will provide a 1.5 billion-Euro ($2.1 billion) bridge loan to keep Opel afloat. Opel will be placed under a trust later today, shielding it from a probably GM bankruptcy next week.

Peer Steinbrueck also said that they don’t take the decision lightly and the federal and state representatives are aware that there are some risks and they have a high interest in maintaining employment at all four Opel sites.

GM is selling a majority ventures in Opel, including the Vauxhall brand in the U.K., as part of a worldwide restructuring before a U.S. government-imposed June 1 deadline to restructure. Germany, which led the search for an investor, has a say because of the Detroit carmaker’s request for loan guarantees.

In front of Merkel there’s a national election on Sept. 27, and he is under pressure from lawmakers and labor unions to save the 25,000 German motors Opel jobs out of GM Europe’s 55,000 positions.

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  OPEC Meet to keep Oil Price Stable

>> Thursday, May 28, 2009

According to the OPEC meet on 28th May in Vienna, OPEC decided to keep production quotas unchanged in order to help the global economy. The group has completed 77 percent of its cuts, down from a revised 82 percent for March.

Oil and Natural gas are important source of energy. Due to increase in oil prices day by day had effected the badly effected Global economy. The Global economy needs its source of cheap energy in order to start growing once again, and more importantly, it needs consumers to spend their money on goods and services. OPEC's decision to stick to its targets had been widely expected.

Saudi Oil Minister Ali al-Naimi said. It’s the second time this year the 12-member group has met without revising that total. The Organization Of Petroleum Exporting also agreed to maintain the quota. Naimi said OPEC would hold its next ordinary meeting on September 9.

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  Rio Tinto Group the iron ore exporter, agreed to a 33% drop in contract prices with Japan’s Nippon Steel Corp.

>> Tuesday, May 26, 2009

Rio Tinto Group, the world’s 2nd largest iron ore exporter, agreed to a 33% fall in agreement prices with Japan’s Nippon Steel Corp., the first downfall in 7 years as the worldwide recession cuts demand.

London- based Rio said today in a statement Nippon Steel, the world’s 2nd largest steelmaker, contracted to pay Rio Tinto Group 97 cents a dry metric ton unit, or about $61 a ton, for its standard product in the year started April 1. That compares with last year’s record of 144.66 cents for Rio’s Pilbara Blend fines.

Rio’s iron ore unit chief executive Sam Walsh gave a statement that- “We believe this settlement is a realistic outcome for both parties, one that reflects the global market for iron ore and the current challenging market conditions facing our customers.”

Rio share went up 1.2% to A$64.82, reversing an earlier down fall of as much as 1.7 %, at 2:07 p.m. Sydney time on the Australian stock exchange. Nippon agreed to pay 112 cents per dry metric ton unit for Rio’s premium Pilbara Lump product, 44% lower than last year’s contract price, the statement said.

Rio last year won an 80% gain in fines prices with Asian customers and a 97 %rise in lump prices. Australia’s 3rd largest iron ore exporter, Fortescue Metals Group Ltd., jumped as much as 8.3 % and Mt. Gibson Iron Ltd. as much as 9.1%.


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  Yen-selling worsened by position unwinding

>> Monday, May 25, 2009

According to the latest Forex news- On Monday the Yen fell broadly after the news that North Korea carried out a nuclear test and a report that it had fired a short-range missile, with traders saying its fall was exaggerated by position unwinding.

The Yen showed slight initial response on Monday to the news that North Korea had carried out a nuclear test, but Yen-selling boosted up after South Korea's Yonhap news said North Korea had fired a short-range missile.

News about North Korea could be seen as being negative for the Yen given Japan's geographical propinquity to North Korea some market players said.

A trader for a major Japanese trading house said-"That provided the trigger, but one factor is that there had been some short-term long positions in the Yen.”

The trader also said that the Yen is being forced by the cutting of some loss-making positions. On Friday the USD rose 0.4 % to 95.11 Yen, drawing away from a 2 month low of 93.85 Yen on trading platform EBS.

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  A concise chief currencies pair abstract

>> Saturday, May 23, 2009

According to the latest Forex update again on Friday the Euro (EUR/USD) went up, gaining more than 100 pips and closing just below the 1.4000. Before moving back the pair busted above the 1.4000 and reached 1.4050.The pair gained more than 500 pips for the week as USD weakened across the board. Concerns about the U.S. creditworthiness add another reason for traders to move away from the greenback, moving forward the majors higher.

On Friday the Pound (GBP/USD) moved higher gaining another 85 pips and closing above the 1.5900 level. The U.K. revised GDP figures showed that the economy shrank by 1.9% as the preliminary released projected.

The Aussie (AUD/USD) gained approximately 50 pips as USD continues to take a beating. On Friday Gold prices posted a silent gain closing above $957 an ounce. The Aussie closed the week trading higher than the 0.7800 level and moving forward over all of the daily simple moving averages.

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  The world's biggest maker of printing presses looking for new investors.

>> Friday, May 22, 2009

Chief Executive Bernhard Schreier told a newspaper that the world's biggest maker of printing presses, Heidelberger Druck, which got German state aid this week, is now looking for new investors, he was quoted as saying by the Frankfurter Allgemeine Zeitung that "We are not excluding any option per se -- private equity, family offices or sovereign wealth funds," Family offices are in-house investment vehicles for wealthy families.

He also said that the main thing was finding investors who had a long-term commitment and would not try to make a profit on the investment in the next year or two. Schreier refused to comment on the topic of state aid his company had won.

It was looking for 400 million Euros ($551.4 million) in debt guarantees and a loan of around 300 million Euros media reports have said. Its shares climbed 0.3 % to 6.13 Euros by 0823 GMT, covering a 1% gain by the German mid-cap index.

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  Sell and buy signals

>> Thursday, May 21, 2009

Any winning veteran trader will say that a trade does not begin and end with a buying or selling activity. For each trade a trader makes, there is always a trade managing procedure occupied, he or she has to make a group of decisions before entering in to a trade. The way you manage and time those decisions is what will conclude the success of your trade.

A Forex trader who has made correct decisions during the courses of trade might be in profit, decisions like scaling in and/or out, using or not using trailing stop losses and setting or not setting profit objective before entering into a trade.
Yes, there are chances when better results are achieved by a worst trader.

There are numerous things to take into consideration if you like to be a successful trader, you better educate and train yourself for Forex vicinity. Learn how to expand improved trading tactics and investigation techniques, and then learn how to implement what you have built-up to the process of a making a trade-from the original inclination to enter or stay out of a trade to the control of your thought processes and sentiments in managing that trade.

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  Forex Indicator-Trends

>> Wednesday, May 20, 2009

In Forex a trend means the movement of prices. Mounting peaks and troughs represent an uptrend; declining peaks and troughs represent a downtrend that determines the steepness of the current trend. The breaking of a trend line generally is a sign of a trend reversal. Horizontal peaks and troughs differentiate a trading range.

When you use the Forex indicator trend, you will find it very simple and easy to work, made up of three trigger lines which tell you when to buy and when to sell. It alarms you the beginning of a trend, and will indicate when the trend is ending.

It has proved to be extremely correct, particularly when linked to the best time frame, currency and time of day. Although it is accurate for just concerning any of these three variables, for most advantageous effectiveness it is best to follow the instructions of the trend provider closely. We can’t say that every trade is a winner, but traditionally losses have been much lesser than triumph. Past results are not routinely the signals of future results.

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  What is MACD?

>> Saturday, May 16, 2009

MACD or the Moving Average Convergence Divergence is the indicator which let you know whether the currency price is in a high or a low trend. MACD Oscillator has two lines which are the MACD line and the signal line. The MACD line points out the difference between two Exponential Moving Averages (EMA) whereas the Signal line is an EMA of the MACD line itself. With the intention of displaying the buy or sell alarm, the Signal line is marked at the top of the MACD. Generally, a 26 days and 12 days EMA are used for the MACD indicator if based on the closing date, whereas a 9 day EMA will be used, for the Signal line.

There are two ways which are usually employed to understand the MACD. The first one is crossovers - if the MACD falls lower than the Signal line, it is an indication of upcoming low trend and recommends that may be it is a good time to place a short position trade. And if the MACD go beyond the signal line, it gives you an idea about an indication of upcoming up trend and recommends that may be it is a good time to place a long position trade.

The other way is divergence - if the currency price reverses from the MACD, it shows that the trend is going to end. If there is a negative divergence it means that the currency price produces a new high which is higher than the previous high, but the MACD failed to get to the new high, then you should be cautious that the current up ward trend in prices movement may go to the reverse direction. For positive divergence, it happens if the currency price beat a new low which is lower than the previous low, and the MACD failed to get to the new low, you should be cautious that the current currency price downfall will get over and up ward trend will occur once more.

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  Currency Pair Overview

>> Friday, May 15, 2009

Latest Forex updates say that on Thursday, the Euro (EUR/USD) was not able to build up a clear way throughout the overnight session, although the pair had a 90-pip range. In the second part of the European session, the Pound (GBP/USD) saw very little movement when the pair’s volume improved considerably.

The only pairs that did not trade side-ways during the overnight session on Thursday was the Aussie (AUD/USD), showing a 70-pip drop.

The Cad (USD/CAD) did business in a 60-pip range throughout the Thursday trading hours, but ultimately broke the range’s support level during the late U.S. session. The Swissy (USD/CHF) dealt similar with the Euro in the earlier day of trading, on Thursday.

On Thursday the Yen (USD/YEN) increases in the last five days of trading, for the first time. The 100-day average moving facilitated the pair going forward, performing as a powerful support area, in addition to the positive U.S. equity market.

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  Investments Myths in Forex trading

>> Thursday, May 14, 2009

Forex market is the biggest economic market of the world, with more than $1.5 trillion daily, dealing in currencies. FX trading is the buying and the selling of currencies in pairs. For example you buy UK Sterling pounds and sell US dollars or you sell Japanese Yen and buy German Marks.

Usually newcomers in Forex have hallucination that they can also easily start earning profit as the others in the market are earning, newbie in the market have a tendency to forget it that there is lot of research is done and there are strategies in order to make winning trades and incomes from trading.

A newbie shouldn’t get trapped in such kinds of myth, and better make yourself perfect and be realistic while trading. If you are uncertain about a how to trade, you better take classes and read carefully about the coordination required in FX trading. It could be hazardous and can break your pocket if you aren’t watchful.

Just because you are trading with a minimum marginal deposit doesn’t mean that you should deal at stages beyond your risk level. Never over leverage yourself. Make safe small investments so there will be no big losses.

Another myth is that newcomer may think that Forex is a market to protect his or her investments but its not true one should be very careful in watching their investments so that shattering situation may be avoided. One can become rich quickly in Forex trading is a myth, the truth is that short term trading, which is disreputable term for spinning profits quickly, is not for the novice.

Lastly, a novice may think that leverage will help him allow playing with the big players in Forex and still stay safe. This can be an awful supposition and he or she may over leverage them if they are not cautious. So, do lot of investigation and research work and think before you step into the dealings of

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  Forex updates-Dollar hit 4-month lows and Euro touches 7-week high

>> Wednesday, May 13, 2009

Forex updates: The USD hit 4 month low of 81.871 against basket of currencies and 7 week trough versus the Euro on Wednesday, facing changed selling in the middle a recovery in risk appetite that has restricted safe-haven buying of Dollars.

The Euro hit a 7-week high of $1.3722 on trading platform EBS, and now struggling at levels near its March peak of $1.3739. The Euro would go to its highest level in 4 months through break above that March high.

On Tuesday after detaching some gains, the Euro was 0.3% higher from late U.S. trading at $1.3690.

Last week, the Dollar index violated support at the 200-day moving average while the Euro broke above a similar moving average against the dollar.

The Dollar may figure out a head and shoulder pattern in opposition to the Yen on technical charts and looked weak; although it could show some support from the 90-day moving average around 95.45 Yen, market players said.

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  Forex: What is Fundamental Analysis

>> Tuesday, May 12, 2009

Most Forex traders depend on analysis for building their trading strategies. The two basic types of analysis are technical and fundamental. This article will throw a glance at fundamental analysis and how to use it as part of your FOREX strategy in Fx Trading.

The fundamental analysis tells you about an organization. Fundamentals are allied with the political and economic conditions that may affect currency prices. It is calculated in terms of revenues, assets, liabilities, earnings, Return on Assets (ROA), Return on Equity (ROE), Return on Investments (ROI), growth projection and cash flows, etc. Traders who use fundamental analysis as their trading strategy depends on news reports to collect information about unemployment rates, fiscal policies, inflation, and growth rates.

In Forex trading, the fundamentals play a vital role and mark a country. The fundamentals include not only interest rates and central bank policy but also different plans, unpredictable behaviors, unanticipated events and natural calamities. Always keep one thing in mind fundamental analysis is a very efficient means to predict financial conditions, but not necessarily exact market prices.

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  Forex updates- Dollar Weakens on Positive Economic News

>> Saturday, May 9, 2009

On Friday the USD closed much weaker against all of the other major currencies, better than expected NFP reports. The recent optimistic global economic news has assured traders that the most terrible of the recession possibly will be over. Traders are moving away from the greenback in favor of riskier, higher yielding assets making market sentiment dollar negative. Equity markets moved higher up with the DOW gaining triple digits and the S&P adding 20 points. The Euro rushed on Friday, it broke all the records of 200 day simple moving average, and closing above the 1.3600.

Since January 2009 the pound closed at the highest level, it hiked at 230 pips on Friday. The pound strengthened against the dollar as the greenback weakened across the board after the employment figures was released and after traders’ worries were calmed with the release of the stress test results.

The Australian Dollar (Aud/Usd) strongly gains all the benefits on Friday after positive news about the stress tests and global equity markets. The pair gained approximately 150 pips, closing above 0.7650 and added 365 pips for the week.

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  Advantages of Using Forex Online Platforms

>> Thursday, May 7, 2009

Nowadays, Forex has become one of the most popular home-based programs and profit making of the net. No doubt, forex has so many financial benefits. Leverage, Flexibility and high income possible are some of them. If you want other source of earnings being a trader, forex has showed time and time again that it can make many millionaire traders.

As a person who wants to hit into this forex profitable idea, what are the merits of using online platforms in access to the forex market? Here is the answer:

Online Platforms is a channel where in a company or a person has access to trade the currency markets anywhere and anytime. This takes the pro of the main benefit of trading: Flexibility. Traders can do business whatever time they decide as the forex market is available almost 24 hours a day. And anywhere because it is not biased into any physical place and can be accessed there is an internet connection available.

For most online platforms, one of the biggest advantages is that there is no software download require for trading, so even if you have not to access your own computer, you can still trade as long ad you know access to the online platform.

Updates: Every time online platform is updated. So you need not to get the newest in the market, accessing your reputed online platform source can keep you updated. Platforms also keep you updated with the daily market reports.

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  Majors Currencies turn down on Negative Equity Markets

>> Wednesday, May 6, 2009

On Tuesday, the Dollar reinforced against the Swissy, Euro and the Cad, but to some level it lost the ground against the Yen and the Pound, where the Aussie closed the last trading day at breakeven. Dollar strength came during tonight’s Asian session and on Tuesday as the US equity markets closed just in the red, indicating the market’s risk-aversion position. Ahead, the calendar is filled with top-tier releases over the next-three days of trading, something that will undoubtedly be reflected in the intra-day session.

The Euro (EUR/USD) lost 90pips in the last trading day, on Tuesday, as the pair traded in the Us trading hours and in the early overnight session. In the Asian session, the Euro turned down another 30pips, shedding every pip gained this week.

The Pound (GBP/USD) lost 40 pips during tonight’s Asian session, shedding every pip gained one-day before on Tuesday. Additionally, the pound advanced as much as 140pips during the intra-day session, but lost most of its ground in the second part of the US session.

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  Australia’s Worsening Economy

>> Tuesday, May 5, 2009

Australia’s declining economy and soaring state borrowing has started to harm the popularity of Prime Minister Kevin Rudd’s centre-left government ahead of elections next year, a poll showed on Tuesday.

Support for Rudd’s Labor Party dropped 5% points to 42%, based on major votes, the News poll survey found in the Australian newspaper. The conservative coalition was only 4 points behind Labor at 38%.

The closely- watched poll is the foremost to show the government’s primary vote going backwards.

Rudd and Treasurer Wayne Swan have assured tax cuts in the May 12 budget to balance A$52 billion in stimulus spending, including pensioners and cash handouts for families, to help the economy weather the coming slump.

But there are signs voters are becoming more and more concerned with a deficit forecasters think could increase close to A$70 billion ($51.5 billion) in the next financial year with unemployment seen increasing to around 1 million people by mid-2010.

The government in February predicts redundancy would hit 7% by June next year with economic growth in next fiscal year of 0.75% and a deficit of A$35.5 billion.

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  Asian Market and US futures advanced in the first trading session

>> Monday, May 4, 2009

The US futures and Asian markets advanced in the first trading session of the week, in spite of the Nikkei being closed for business tonight, as the country observes the Greenery Day Holiday.

There were no important news releases in the weekends. However, in Asia, a group of nations decided to set up a $120 billion foreign-currency reserve fund with Japan offering another $60 billion in swap facilities to assure the Yen’s liquidity.

There have been discussions for quite long time about such measures in the area, but up till now the Asian nations failed to make an agreement. The reserve fund, also called the Chiang Mai Initiative which allow the Asian countries to borrow as much as 20% of a pre-decided amount without any limitations, but the rest of the 80% will only come after numerous restrictions have been place.

This measure is very good for the region’s constancy and will also allow some countries like Japan, China and South Korea to establish themselves as regional economic leaders, experts said. The three nations will add substantial amounts to the funds, which help them in development.

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  Commercial property sales fall down globally

>> Saturday, May 2, 2009

On Friday, global sales of investment grade property plummeted 73% to $47 million in the first quarter from a year ago, or just one-sixth of the level two years before, according to real estate research firm Real Capital Analytics.

A total of 1,014 properties, each value more than $10 million, sold worldwide from January through March, the firm said in a monthly report, noting that the fall involved all property types and just about every market.

Making things poorer, the number of properties that require re-financing or needing capital infusions is soaring. New reports of defaulted mortgages and failed commercial property companies exceeded $55 billion in the first quarter, bringing the total known concerned commercial properties to $153 billion.

Additionally, capital which flowed across borders during the increase of 2004 to 2007 has retreated to home countries, as investors with local information look for chances there among the distress.

Distress amid US property is accelerating, according to a separate statement by Trepp that tracks commercial mortgage-backed securities. The securities, backed by commercial loans, are frequently used as a gauge for the rest of the loan market.

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  Australia sees job loss more than 8%

>> Friday, May 1, 2009

Australia’s coming budget will predict unemployment to peak above 8%, leaving a million people out of work, as the economy records its first annual contraction since the early 1990s.

The Australian, quoting disclosed information from a closed-door meeting of state and national governments on Thursday, said the May 12 budget would also estimate 0.5% economic contraction for the year to June 2010.

Treasurer Wayne Swan had told the meeting that Australia’s economy was set to do its long-term trend into 2010-11, pushing unemployment to the “mid-to-high eights”, the Australian said, quoting officials who presented in meeting.

This suggested the number of unemployed would increase by more than 50% from its present stage of 650,000. The unemployment rate stands at 5.7%.

The centre-left government’s predicts would be the most negative of any budget, showing zero development on average over 2008-09, a contraction in 2009-10 and a return to development in 2010-11 though under long-standing growth of about 3%.

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  Asian Market Raise on US Consumer Spending

>> Thursday, April 30, 2009

Asian markets grew for the first time in last few days of trading which help by positive US reports. The US futures market continued to increase in the after-hours session, something that helped the Asian markets.

Even though the US GDP numbers came in much poorer than estimated, the financial market found the power to progress as consumer spending increased, while stockpiles decreased, which can make the perfect environment for the economy to improve later this year.

The combination of consumers rising their spending, where companies decrease their inventories may give the financial markets expect that the economy will rebound in the coming months, expert said. They also said that at this point, the market is in very positive form it overcame a report saying that 6 banks failed in the Treasury’s stress-test.

As such companies that have direct disclosure to the overseas markets placed important gains during the Asian session. Retail companies advanced also in the Asian equity markets, increased the gains from the US session.

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  Statistical Arbitrage is known as Risk Arbitrage

>> Wednesday, April 29, 2009

Statistical arbitrage is not correct arbitrage since it does not bring a certain profit; in fact many statistical arbitrageurs have finished large fatalities. The term is frequently abbreviated to statarb. Even though statistical arbitrage is often described as being synonymous with pair trading, it is probably more precise to speak that the terms partly cover. Only because of it is not possible to lay down an unqualified regulation when tradition varies as a good deal as it does.

It is known as Risk arbitrage as well, Statistical arbitrage is very frequently overlapped while buy or short couple trading as well as other complicated quantitative methods, where highly developed trading technologies are implemented. Statistical arbitrage trading frequently involves a black box methodology. This is a computer mock-up which is specially programmed to trigger a buy or sell signal when certain financial variables are met. For example a buy signal could compare a stock previous P/E to the 90 day moving average P/E or use certain sophisticated fundamental as well as technical analysis to trigger buy and sell orders directly to the exchange.

These models are very often created by professional scientists and mathematicians who are skilled at back testing using advanced computer programs. Statistical arbitrage is also involved with the miss pricing of derivatives where the derivative is selling away from its quantitatively derived fair value price.

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  US Futures Declined at a Strong Pace, But Asian Market Rise

>> Monday, April 27, 2009

US Futures post significant decline tonight, although Asian markets are trading in the green. The main cause of concern seems to be the swine flu that just hit the US borders.

It seems that the swine flu is the problem to hit the US and the global financial system. For now, the investors are anxious that the cost of combating the new disease will only add another streak on the government’s budget, already influenced by the huge rescues that financial sector requisite. Also, like this time, consumers tend to spend less, which will also affect the business cycle rising significantly the recovery period. Experts said.

However, Asian equity markets seem unaffected up to now, reaching the maximum valuation in the last three months of trading. The financial sector constant to progress tonight, helped by the unofficial, preliminary stress test outcomes, which show that most banks have a sufficient capital base. Equally with the financial sector, pharmaceutical companies also placed some major gains tonight, as drug sales are possibly to raise up.

Additionally, the Japanese government decreased yet again the GDP projections for 2009, down to 3.3%, something that should have pulled the Asian markets worse.

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  G24- Developing Countries harder hit by Global Recession

>> Saturday, April 25, 2009

Group of 24 nations said on Friday the global financial and economic crisis is hurting to developing countries, which will have to deal with the fallout long after advanced economies.

The G24, made up of developing countries from Latin America, Asia and Africa said quick turn down in increasing and falling currency reserves were leading to growing unemployment and poverty levels.

The risks of a more protracted worsening in the world economy remain significant a G24 communique said after a meeting on the sideline of the spring meeting of the World Bank and International Monetary Fund.

The communique noted the crisis had originated in advanced economies and was affecting developing economies through sharp falls in remittance, exports, private capital flows and a global credit crisis.

The group said that developing countries will require unprecedented and urgent support from global financial institutions like the World Bank and IMF.

The G24 also supported an early review of the role of the IMF in the international monetary system, including the role of major currencies like the Euro, Yen, Dollar and British Pound.

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  Gold and EURO given reason to smile

>> Friday, April 24, 2009

EUR/USD has been facing hard times since early week and the pair held 1.2930 support level and has appreciated more than 250 points since then. The pair found some momentum that was extended towards 1.3270 which gives more strength. As long as 1.3060 holds for now we expect further improvement in the next week. However, for now 1.330 is the next level that euro bulls should be aware.

GBP/USD has been trading choppily since UK budget released in Wednesday. After the news we witness a big slide in the pair, the pound manages to reverse all losses and continue to rise towards 1.4750. The risk appetite returned and traders were happy to trade both pound and euro. As long as the pair continues to trade above 1.45 we might witness some range forex trading in the coming days, as investors are still deciding which way to go.

The currency is now trading in the aftermath of the news, with euro still being strong and pound weakening as the day progress. Later on, we have very important number in the US with durable goods and new home sales. It will be interesting to see some improvement in numbers but more interestingly, I would be awesome to see the reaction of the investors if better numbers are printed.

Regarding the economic future markets is still under pressure. So far, future and equities, managed to sustain the upside and it will be interesting to see how DOW JONES will close the week.

With the G7 meeting starting today and forwarding in the weekend, let’s see what the 7 world leaders say about the current position and we are definitely going to hear something new about the way to solve the deepening global recession.

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  Global Financial Crisis fuels qualms of US workplace violence

>> Wednesday, April 22, 2009

A worker recently fired from his job by US financial services. The company disappointed that the firm had followed to be sure he did not remove violently at his ex- bosses or co-workers.

‘Tough times will cause people to do crazy things’, said Kenneth Springer, who is company Corporate Resolutions Inc. did the surveillance. “People are taking more precautions”.

Job uncertainty, Job losses and slashed budgets are all straining that could push somebody over the edge.

An expert says workplace violence can range from intimidation to violence and harassment and homicides.

While economic pressure can make some people violent, it would not turn just anybody into killer, said Laurence Miller.

Statistics on workplace violence in this financial crisis will take years to collect and examine an expert says. From 1997 to 2007, the most recent year for which data is available, there above 7,000 professional homicides countrywide, according to the US Bureau of Labor statistics.

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  More insights from equities and earnings reports

>> Tuesday, April 21, 2009

Markets are in the process of bottoming out with sentiment changing as the global crisis faces more challenges and investors are ready to take more risks.

Stocks in the US and Asia rose on financials with better than expected earnings from Wells Fargo and Goldman Sachs and speculation that other US banks will also post robust quarterly results (JP Morgan Chase on Thursday, Citigroup on Friday and Bank of America and Morgan Stanley next week). In Europe, UBS announced $ 1.7 billion loss, cutting 7.5k jobs.

Fed Beige book gave signs of stabilization with deceleration in the pace of economic decline in 5 of 12 districts and reaffirmed general weak economic conditions (weaker manufacturing, industrial production lowest since 98, sluggish retail spending, weak labor market conditions and residential real estate, downward pressure on inflation) while builder optimism jumped. US retail sales on Tuesday showed unexpected fall.

USD gained as uncertainties persist ahead of the earnings reports.

EUR fell after ECB official said ECB to announce “Non standard measures” to boost the Euro zone economy. ECB expected to cut rate from 1.25% to 1% at its May 7th meeting.

GBP still enjoying a strong rally in the absence of bad news with UK housing data boosting it above key 1.50 level.

Rangebound Gold pressured by lower US consumer inflation and firmer USD.

Crude Oil range trading around 50USD since the start of April despite crude stocks rising to highest since Sept 90. Focus on USD, inflation and stocks.

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  Stimulus Plans are starting to show results

>> Monday, April 20, 2009

Stimulus plans are beginning to work, obviously in China and uncertainly in the US, but the governments require being arranged to do more, the head of the OECD (Organization for Economic Cooperation and Development) said on Monday.

Angel Gurria, OECD secretary-general, said that the world economy would not bottom out until 2010 and would possibly begin rising again towards the finish of that year.

Gurria, speaking on the sideline of a meeting in Beijing, said that China’s 6.1% annual development in the first-quarter presented by the government’s fiscal stimulus and rising and falling bank loans were making up for about half the country’s export deficit.

He also added that it is very strong, very powerful, stimulus, which means it, is already starts to have some effect.

Gurria also said that the combination of higher public spending as well as support to the banking sector was also helping to alleviate the US economy.

But he also said that the 2009 year would remain very complex. Last month OECD predicts that its 30 member nations would bond -4.3% this year.

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  Asian Stocks climbed for sixth week as Recession Concern Reduces

>> Saturday, April 18, 2009

Asian Stock rally for sixth week, the highest line of gains in more than two years, on rising confidence the worst of the global financial crisis is over.

China Cosco Holdings Co., the world’s biggest operator of dry-bulk ships, surged 21% on increasing Chinese shipping rates and exports. PT Bumi Resources, Asia’s biggest exporter of power-station coal increased 21% in Jakarta. JFE Holdings Inc., Japan’s second-largest steel maker, rose 22% on speculation it would not make big price cuts and as the government revealed a record stimulus package.

This week the MSCI Asia Pacific Index increased 2.0% to 89.69, completing the highest stretch of gains since December 2006. Asian market has climbed 27% since the MSCI benchmark fell down to a six-year low on March 9.

Japan’s Nikkei 225 Stock Average lost 0.6%. South Korea’s Kospi index fall down 0.5% as brokerages cut recommendation on financial companies. Thailand’s SET Index increased 0.6% in a week reduced by New Year holidays. The Thai government called a state of emergency following collides between protestors in Bangkok and security forces.

MSCI’s Asian Index plummet by a record 43% last year as the credit crunch tipped the world’s biggest economies into financial crisis, forcing companies to cut jobs among falling profits.

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  Forex Updates- JPY falls against USD, AUD, NZD

>> Friday, April 17, 2009

On Friday, the yen fell down against the dollar and other major currencies as short-term traders pushed it down, but improbability about economic improvement scenario left the market stressed for momentum as it also expected result from Citigroup.

On Thursday, the yen had rose against the commodity currencies and greenback after China's 6.1% economic growth rate let down many who had expected on a quick step.
Bit it failed to uphold the gains into Friday, quickly short-term traders to push the dollar ahead instead, prompting dollar buy orders at upper levels and taking the like of the NZD and AUD ahead with it.

In Sydney, the senior currency strategist at RBC Capital Market Sue Trinh said that it is investors and intraday trading which is running the market action.
The dollar which has risen increasingly against the yen as hitting a 13-year low in January rose 0.3% to 99.65 yen on Friday, after breaking support from its 200 day moving average at 98.88 on Thursday but after that not settling below it.

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  U.S. Interbank loan Rates are down

>> Thursday, April 16, 2009

U.S government disclose on Thursday U.S. loan rates are lower. In May U.S, government will disclose the results of stress tests of financial institutions.

On Thursday, Obama government that they would publish results of stress test on 19 on this month of the U.S. largest financial institutions.

Obama spokesperson said on Thursday, this move has been taken to ensure confidence in financial market and provide as much transparency as possible to the common mass.

British bankers association said on Thursday, overnight U.S dollar labor lost 1.25 bps to 0.25% while the three-month labor was down 0.56 bps to 1.11%.

In another place the overnight Canadian dollar, Libor was up to 0.33 bps to 0.43%, while the three month remained unmoved at 1.00%. The euro Libor gained 3.38 bps to 0.83% while Libor fell 0.13 bps to 1.41% in the three-month. Sterling Libor was flat 0.60% while Libor declined 1.00 bps to 1.52% in three-months.

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  Risk and Reward

>> Wednesday, April 15, 2009

This question is very difficult to answer in a precise way, as it does not have an exact answer. Hence, the question of risk and reward always changes with the circumstances of the moment. The traditional ration is 2:1 risking half the amount of pips as you are trying to make. So if your profit aim is 100 then your stop would be around 50.

Theoretically, it sounds like a fantastic plan. You just need to be right four out of 10 times to make money. However, no trader put this basic principal in real practice. I have read various views in this regard from analysts, trading gurus and whole host of others who have never risk so much money on trade. I have never seen anyone who actually makes living from the market employ 2:1 risk reward ratio.

Might be thinking why?

The basic reason behind this is that most people who trade do not give importance to such things they believe there is no such things in the market. In fact, market does not respond according to the goals. Just imagine a trade where you risk 100 points with a profit target off 200 points. At the start, trade moves in the favor and touches 199 points. However, you waited the profit to touch mark of 200 points but guess what? The forex market all of a sudden falls. It could be a nightmare where positive turns negative in a matter of minutes. What is your loss? On paper you loss 100 points but actually your loss is 299 points. This is what can happen in real trading. Theoretically 2:1 risk reward is far more elusive then you imagine.

Profit cannot be predicted in the market. The only thing you can control is risk. That is why we always trade with two units. That is why we always take short target and attentively control risk by trailing our stops. It may not be stunning but that the only way to cope up risk and reward.

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  Slow and Realistic Euro Sink

>> Tuesday, April 14, 2009

With humongous US budget slump it is hard to get thrilled about the US position and dollar outlook. Overall confidence in short term the euro zone economy is likely to dip further. Euro is going to come further down against the dollar. The best strategy now is to sell euro on rally above the 1.3350 level.

After slipping on Thursday and Friday, the euro eyed strong recovery on Monday. Trading liquidity is still very low especially in European market due to Easter holidays. From 1.3120 the euro rallied around 1.3390 in New York.

After doing great than the expected outcome positive earnings data from the US banking sector would help and would lean to lessen dollar demand.

There will be still lying dark clouds in the euro zone economy with default spreads on German debt lying higher. Comments from ECB officials have confirmed that they are going to continue further interest rates cut again. Euro weakness was illustrated by declines against pound and the franc over the last 24 hours.

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  Before US bank earns, Dollar rises up against Yen

>> Monday, April 13, 2009

On Monday, the dollar rises up vs. yen in quiet trade with many overseas companies even now left for the Easter holiday and further to come until the US market earnings season gets into full form.

This week the US banks which includes Citigroup and Goldman Sachs JPMorgan are prepared to report Q1 results and traders are eager to look for how stock market respond to these earnings reports.

The dollar increased against the yen, last week, buoyed by a meeting in US stocks after better earnings advice from the US bank Wells Fargo.

Market spectators said the currency market has valued in positive US earnings records, so the market is more expected to react to any negative surprises.

The dollar was around 100.33 yen or Fx trading, as compare with 100.22 yen in late Tokyo trading on Friday. Last week the US currency touched 101.45 yen; it’s uppermost in six months.

On Friday, the euro was figured at $1.3144, down from $1.3186 when it also falls to $1.3090, a rank not seen since middle of the March.

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  Glimpse of hope for Obama of recovering financial system, after meeting

>> Saturday, April 11, 2009

On Friday, President Obama said that we are starting to see is ‘glimmers of hope’ across the economy to reporters after a meeting with teams of economy and regulatory also with Federal Reserve Board Chairman, Treasury Secretary and the Chairman of the Federal Deposit Insurance Corp. He also added, “We’re starting to see progress”.

Obama mentioned to improve refinancing of home mortgages, money flows from $787 billions stimulus package and 20% raise in government backed loans to small business over the previous month only. He also said we are still lots of job losses and lots of hardship.

The talks that lastly about one hour, pointed on stabilizing banks, stimulating the economy, the rising unemployed rate, falling strain in the credit markets, the health evaluation of banks and the mortgage refinancing, which also includes “stress tests” being organized by the Fed. The result of the Test, due at the end of this month, are awaited by the financial market.

He also said in the meeting that in the coming next few weeks, you will be seeing other actions by the administration but gave no details.

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  Barack Obama plans meeting for bank stress tests

>> Friday, April 10, 2009

On Thursday, a White House speaker said U.S. President Obama plans to meet with the top financial regulators to talk about the “stress tests” being scheduled at the 19 biggest U.S. banks,

Obama will converse with Treasury Secretary, Federal Reserve Chairman and Federal deposit Insurance Corp Chairman and with top White House economic adviser, on a “wide” range of financial topics.

In an attempt to assess banks’ capital require, the government is testing how they would charge under more unfavorable conditions than are predictable. The markets are worriedly expecting the results that owe at the end of April, to see which firms will probable require more taxpayer help and which firms get a clean bill.

The regulators is expected to present Obama a progress report on what the regulatory stress tests is show the condition of the top banks.

A source well-known with the meeting said regulators plan to also converse with Obama what another steps may require after the tests.

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  Forex Book

>> Thursday, April 9, 2009

There is undoubtedly about it that forex book is very helpful for new currency trader and evenly for the traders who want to develop their skills with new strategies. Nowadays there is a huge range of currency trading training resources presented in both offline and online which includes forums, seminars, online courses, members-only websites, conferences and even one-to-one training from professional tutors. But there are times as a good traditional book is just that you require.

No matter whether your forex book is available on paper or downloads as an eBook, it can be the good method to learn in many situations. It has both the option prices and convenience.

Another benefit of forex books is that you save time by skipping more the things you already know. If you have any knowledge at all, going more than the basics, it can waste lots of your time in preparation that is based around seminars or even online audio/video sessions as you stay for everybody else to be shown the methods that you have already expert.

It is said that the currency trading market is area where you can hope to find a sure amount of publicity. Do not to be too fast to make negative decisions only because a book or eBook is promoted with the fair amount of tough sell. Keep in mind that the advertising copy is possibly written by the professionals, not any writer of the book.
So you can carefully ignore most of the publicity in the promotional advertisements and look for the thing that you really require to know. These are:


• What fields of expertise is covered in the book.
• Whether it is correct for you, i.e. whether it is meant for your experience level and skill.
• What is the pay back that you individually can expect to get from it

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  Eurozone GDP Contracts

>> Wednesday, April 8, 2009

Eurozone economy has recorded a bigger shrunk in its economy than was estimated in the last three years of 2008.As per the EU's Eurostat office GDP in the 15 nation area fell 1.6%, more than the 1.5% expected.

In Fx trading, euro declined against the dollar to $1.3270 amidst fears the economy could contract even further in 2009.As of now the Eurozone includes 16 countries that use euro as their national currency. Slovakia was the 16th nation to switch to the euro at the beginning of this year.

Analysts are worried that GDP contraction in the eurozone must have been worse in the first quarter of 2009.The data and survey evidence collected has largely been gloomy. Analysts are expecting slow recovery.

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  U.S. Budgt Deficit Worth 1 Trillion

>> Tuesday, April 7, 2009

The U.S. recorded a gigantic budget deficit of nearly $1 trillion in the first six months of this fiscal year which began on October 1.

The estimates released on Monday by the Congressional Budget Office said the government likely recorded $953 billion in red ink from October through March.

WHY DEFICITS MATTER

  • Increased debt costs for government
  • Increased risk of inflation
  • Long-term pressure on dollar
  • Could lead to higher taxes and spending cuts later

The CBO, the nonpartisan budget analyst for Congress, said the drop in corporate receipts was the largest in more than three decades.
In addition to dropping revenue and the bailout money for Wall Street, the government has poured more money out the door to try to jump-start the ailing economy, which has been in recession since December 2007.

An arm of the U.S. Treasury Department also loaned $10 billion to credit unions to help them address recent liquidity pressures, the CBO said.

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  UK's Budget Deficit to be Worse Than Predicted

>> Monday, April 6, 2009

The budget deficit is at least 2.7% more than what was being expected in the pre budget announcements by the Chancellor Alistair Darling.Darling (seen in picture) who will be presenting the budget later in the month said the recession in UK has been more severe than expected.

In Fx Trading, the pound
has tumbled amid these persistent economic problems here.

The £39bn (approx 58bn US dollars) deficit could be financed by either raising the tax limits or by putting a five-year real freeze in total public spending.The Institute for Fiscal Studies (IFS) estimates that taxes in Britain will have to rise by at least £20bn a year to cover record borrowing.

Noticeably, at the last week Summit of the leaders of the world's largest economies, a deal worth $1.1 trillion (£681bn) was reached at to tackle the global financial crisis.

The British Prime Minister Gordon Brown will be meeting the chancellor and the Bank of England governor to discuss about measures agreed at the concluded G20 summit.The prime Minister here is hopeful the consensus reached at the meeting will help build the dwindling confidence in the banks, and will make a difference to the lives and to the aspirations of families and businesses in the UK.


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  A New World Order in the Making

>> Saturday, April 4, 2009

The world leaders meet at the G20 Summit in London with the motto of Stability Growth and Jobs has ended marking a turning point in the world history. Overall, there have been mixed responses regarding the success of the Summit.

The distinction between the developed and the developing countries seemed to fade away as there was marked difference in the particularity of America. China Brazil and India drew as much attention.
While the G20 meet did end in global settlement to boost the world growth there have been some misses. Here are some of the highlights from the Summit.

Hits

  • US president Barack Obama called the Meeting Historic in its pursuit to recover from the financial quagmire.
  • IMF's managing director was happy after the summit and especially enthusiastic about IMF issuing $250bn worth of its own currency, the SDR. Top jobs in the IMF will be open to people from all parts of the world which until now had only Europeans on them.
  • Countries like China and India have been given bigger say in the working of this international institution.
  • Leaders called the summit a "real progress" in efforts to enforce tighter regulation of the financial system.
  • G20 meet succeeded in inciting cooperation on crackdown on tax havens as also greater support for the poorest countries.


Misses
  • The Summit's biggest failure is being seen in its inability to settle on a global plan for recovery from the crisis.
  • There have been no major deals on plans of co-ordinated global stimulus packages.
  • A representative from the World Development Movement said one of the biggest misses of the summit is that leaders failed to get a consensus on a global green new deal that puts the interests of poor people and the environment as an important part of the international trade and finance.



On the whole the summit is being as mixed bag of goodies. The summit is being widely considered to have taken only insufficient measures to meet the challenges facing the global economy even while a clearer financial structure is expected to emerge out of the chaos.

It remains to seen when and how the pledges at the Summit get transformed into real worth.
The G20 Summit is best being regarded as embarking of the journey of a new beginning.

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  Global leaders begin G20 summit

>> Thursday, April 2, 2009

High Hopes from the G20 Meet:
Leaders from across the world have assembled for the G20 Summit in London to discuss about one of the worst financial crisis since the 1930s.Security is beefed up at the at the Excel Centre in London's Docklands where the summit began today. Leaders at the summit have only a few hours to reach agreement on plans to revive the world economy.

Key Issue is the Global Financial Calamity: Consensus on boosts in public spending to revive the world economy is likely to be arrived. Leaders will debate however if a target figure should be put on the size of the stimulus plans already announced.

Other Agendas:
A number of other issues will also come up which require commitment of money figures from the governments One of the important ones being how much more money should be given to the International Monetary Fund (IMF), whose role in the present financial climate has increased radically.


Future of the Dollar:
Debate has been fired on the future of the US dollar as the main reserve currency
in the world that will continue for some time.China's voice is likely to grow stronger on this issue as there is already agreement that it will be given a bigger say in the IMF from 2011.

Most other developing countries are eager to get a bigger influence too, and would like the US to be stripped of its veto power.Leaders are also expected to pledge additional funds to help the poorest developing countries who have been hit by the crisis

Here are Some Pictures from the Summit in London

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  Forex ~ Afternoon Forex Updates

>> Wednesday, April 1, 2009

US Dollar slips:
Risk sentiment has been soured with reports that bankruptcy could a viable option for the car makers like GM. Economists have warned that the collapse of big automakers may reverberate beyond North America given the network of global supplies chains.The warning followed news from the Bloomberg that the Obama administration is looking at a prepackaged bankruptcy for GM.

In fx trading,US dollar came off highs with further news that this report is "not accurate" and that President Barack Obama's thinking on the crisis facing GM has not changed since Monday. The dollar fell about 0.1 percent against the yen.

Traders alert before key events later this week:
Forex Traders are wary of chasing prices aggressively in view of key events including the G20 Summit, later this week.Investors are treading cautiously ahead of the G20 meeting and the ECB policy announcement in the coming days.


Banks take to 'unconventional' ways:
U.S., British and Japanese central banks have turned to unconventional steps to pump funds into their economies, including outright buying of government and corporate debt. ECB is expected to follow suit.

Business confidence at record low in Japan:
A survey by the central bank in Japan has showed that business confidence among manufacturers in Japan is at a record low. Government reports yesterday showed that U.S. home prices are still plunging and consumer confidence is holding at just above record lows.In online forex trading the yen traded near its weakest level in almost a month against the greenback.

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  Germany Records rise in Unemployment

>> Tuesday, March 31, 2009

Recession in Europe is worsening with Germany recording a rise in unemployment. Rate of Joblessness in Germany has risen to 8.6% in March, worsening slightly over 8.5% in February this year. Germany's export driven economy has been hit by global economic down swing.

Europe is mired by extended recession:
The rate translates into 3.4 million jobless people, an increase of 69,000 since the last year.

Labor market in Europe has been adversely affected by the economic slump. Unemployment concerns in Europe are growing with Spain recording the highest jobless rate at 14%.

Forecasts fell short:
The number of unemployed workers here has already exceeded the figures forecast by many analysts. Economists say the rate of unemployment has been stronger than was expected. A weaker economy is being seen as the main reason behind the increase. Further decline in the economy and stabilization in the second quarter
is estimated by analysts.

Unemployment to rise:
Further deterioration in the job market is certain. Germany is expected to have around four-million Unemployed people by the end of 2009.

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  Car Factory output falls in Japan; Asian Stocks plummet

>> Monday, March 30, 2009

Japan's car factory output has fallen sharply for the fifth consecutive month in February.
Annual car production in Japan has fallen by more than 9% in this financial year. An independent industry data has showed that Car production in Japan had plummeted by 56% in the previous month.
In Fx trading today, yen rose against the euro on speculation investors will reduce holdings of higher-yielding assets.



IMF predicts gloomy picture:
Revenue from exports have seen a sharp fall as the worldwide demand for goods has been sapped. Output in related sectors like the passenger cars, trucks and buses has fallen as we well.
The IMF expects Japan, one of the largest economies in the world, to register a contraction of up to 5.8% in the up coming financial year.

The finance minister has said that Japan plans to inject a stimulus package worth more than 2% of its GDP.

Asian Stock Nosedive:
World stocks fell on concerns the global slump is deepening.Worst performers have been the Asian stocks which nose dived on speculation over persistent problems in the US car industry.

GM's chief executive has been asked by the US president to step down even as GM and Chrysler, two of the car firm
giants, requested another round of Government bail-out.


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