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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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