Month: November 2013

Spot Foreign Exchange Quotations

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China’s Foreign Exchange Reserves Jump Again

27 — ( Kyodo ) _ Spot foreign exchange quotations as posted by Bank of Tokyo-M ‘bishi UFJ Wednesday morning. (In Yen) T.T. and O/D T.T. Selling Rate Buying Rate ———— ———– U.S. dollar (Per Unit) 102.36 100.36 Euro (Per Unit) 138.93 135.93 Canadian dollar (Per Unit) 97.70 94.50 Pound sterling (Per Unit) 168.20 160.20 Swiss franc (Per Unit) 112.59 110.79 Danish krone (Per Unit) 18.73 18.13 Norwegian krone (Per Unit) 16.93 16.33 Swedish krona (Per Unit) 15.82 15.02 Australian dollar (Per Unit) 94.45 90.45 New Zealand dollar (Per Unit) 85.05 81.05 Hong Kong dollar (Per Unit) 13.51 12.65 Singapore dollar (Per Unit) 81.74 80.08 Saudi riyal (Per Unit) 27.87 26.27 Thai baht (Per Unit) 3.24 3.08 Indian rupee (Per Unit) 1.78 1.48 Pakistani rupee (Per Unit) 1.09 0.79 Kuwait dinar (Per Unit) 367.05 351.05 Indonesian rupiah (Per 100 Units) 0.99 0.75 Mexican peso (Per Unit) 8.76 6.76 S.
For the original version including any supplementary images or video, visit http://www.hispanicbusiness.com/2013/11/26/spot_foreign_exchange_quotations.htm

Chinas exports outran its imports by a total of $61.5 billion in the three months to September, while foreign direct investment in the period could be as much as $27 billion, according to an estimate by Bank of America Merrill Lynch economist Ting Lu. Foreign direct investment totaled $8.4 billion in August and $9.4 billion in July. Septembers FDI data have yet to be released. Mr.
For the original version including any supplementary images or video, visit http://blogs.wsj.com/economics/2013/10/15/chinas-foreign-exchange-reserves-jump-again/

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Forex Trading Forecast: Can Usd Continue Surge, Yen And Gold Tumble?

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Weekly_Forecast_Can_USD_Continue_Surge_Yen_and_Gold_Tumble_body_Picture_1.png, Forex Trading Forecast: Can USD Continue Surge, Yen and Gold Tumble?

By David Rodriguez Ilya Spivak Michael Boutros David Song Christopher Vecchio November 22, 2013 7:01 PM 0 shares Talking Points – Dollar Index (ticker:ticker::USDOLLAR) finishes near multi-month highs on Yen and Aussie Dollar tumbles – Volatility might slow in the week ahead, but keep an eye on key event risk in Japan – Have a strong opinion on the Dollar? Voice it through FXCM currency baskets US Dollar Forecast – US Dollar Likely to Continue Higher, but Against Which Currencies? The Dow Jones FXCM Dollar Index (ticker:ticker::USDOLLAR) rallied for its third week of the past four and finished near multi-month highs. A holiday-shortened week suggests the Dollar price action may slow, but why might the Greenback see big moves in the days ahead?
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/forex-trading-forecast-usd-continue-000100303.html

Bitcoin Is The Segway Of Currency

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That what’s revolutionary about Bitcoin isn’t that it’s a currency with no state-backing. What’s revolutionary is that it’s a payments system with no third-party , like a credit card company, standing in between buyers and sellers. See, any time you buy something, it’s a minor leap of faith. You choose to believe that the seller will deliver as promisedand if they don’t, you want your money back. That’s where financial intermediaries like credit card companies and Paypal come in. They make sure buyers and sellers are both trustworthy, and handle any disputes.
For the original version including any supplementary images or video, visit http://www.theatlantic.com/business/archive/2013/11/bitcoin-is-the-segway-of-currency/281625/

Forex Trading For Beginners

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Factor in that the Forex market is open 24 hours a day, 5 days a week from Monday to Friday and you have virtually unlimited trading hours worldwide. Forex currency trading has several excellent software systems that can help you to make substantial profits. But it is a good idea to research and thoroughly understand what each system provides before investing. The best suggestion is to try out a demo version of the software to see whether it meets your needs first. For those that dont have a lot to invest or just want to get their feet wet before committing too much money there is the option of opening a mini Forex currency trading account with only $250. Forex currency trading is basically exchanging different pairs of currencies buying at one price and selling at another.
For the original version including any supplementary images or video, visit http://countingpips.com/forex-news/2013/11/forex-trading-beginners/

FX Directory

View gallery Daily Chart – Created Using FXCM Marketscope 2.0 — Written by Ilya Spivak, Currency Strategist for DailyFX.com Contact and follow Ilya on Twitter: @IlyaSpivak For live market updates, visit the Real Time News Feed DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM . Finance Trading
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/forex-gbp-jpy-technical-analysis-042500152.html

Forex: GBP/JPY Technical Analysis – Aiming Above 162.00 Mark

Daily foreign exchange rates, information about currencies and currency markets. Looking for asset management? We are the professional HGNFX asset management to help you to grow your funds in a safe and a secure way. Forex links directory to help you learn Forex better Forex News Agency and FS Team – Trading Together in Real Time. Forex Signals Forecasts and Forex News in Real Time. We provide exchange rates for 270 countries/territories, updated daily.
For the original version including any supplementary images or video, visit http://mx.ibtimes.com/forex/services/fx_directory.htm

Forex Trading Faces Regulatory Vacuum

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Subdued Forex Trading Killing Weak EUR Positions

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Forex – NZD/USD steady after RBNZ comments

counterpart on Wednesday, supported by comments by the Reserve Bank of New Zealand, although speculation the Federal Reserve could soon begin tapering stimulus measures continued to support the greenback. NZD/USD hit 0.8239 during late Asian trade, the session high; the pair subsequently consolidated at 0.8224, inching up 0.03%. The pair was likely to find support at 0.8134, the low of September 15 and resistance at 0.8310, the high of October 31. RBNZ Governor Graeme Wheeler earlier said interest rates will start being raised next year, due to the rise in inflation, which is likely to drive the kiwi higher.
For the original version including any supplementary images or video, visit http://www.jpost.com/Business/Investing/Forex-NZDUSD-steady-after-RBNZ-comments-331582

The loss in market momentum is backing short-squeeze trading, where the weakest of market positions now becomes fresh fodder in either direction. The EURs ascent in the past couple of trading sessions is a good example of the loss of momentum trading. The single currencys rise, particularly over the past 24-hours, has been guided by where the weakest of shorts have been placing their stop-losses. The markets conviction to add to dominant, current short positions largely depends on expectations for the timing of the Fed taper. After last weeks surprise nonfarm payrolls print, the market has switched its focus from a March 2014 taper to as soon as next month.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/deanpopplewell/2013/11/13/subdued-forex-trading-killing-weak-eur-positions/

Treasury Report Criticizes China Currency Policy

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renminbi value

Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association.
For the original version including any supplementary images or video, visit http://money.cnn.com/2013/10/30/news/economy/treasury-china/index.html

Rand Extends Worst Currency Slide This Month Amid Labor Unrest

(NHM) s biggest mine, the National Union of Mineworkers said. Pay talks continue at three other platinum mines that produce more than 70 percent of the worlds output. South Africa needs foreign investment to plug a current-account shortfall that may average 6.5 percent of economic output this year, according to government estimates. The rand remains a victim of poor local fundamentals as well as the mining labor unions, Mohammed Nalla, head of strategic research at Nedbank Group Ltd. (NED) , said in e-mailed comments. Labor disputes do little to instill confidence in the already faltering economy, he said.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-11-05/rand-extends-worst-currency-slide-this-month-amid-labor-unrest.html

The Dollar Armageddonists Might Have a Point

These funds hope to profit regardless of what happens to the U.S. dollar. Two standout short-dollar mutual funds are Silver-rated Merk Hard Currency (MERKX) and Franklin Templeton Hard Currency (ICPHX). The term “hard” generally implies that management looks for countries with strong economic outlooks and reliable central banks.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/dollar-armageddonists-might-point-120000388.html

Venezuela Introduces Currency Exchange Rate For Tourists

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Currency Probe: Barclays Traders Suspended

Every time they announce a new exchange rate for a sector, its a devaluation for that segment, Barclays Plc analyst Alejandro Grisanti said today in a telephone interview. In theory, tourists had been using the official rate until now. An official at Venezuelas central bank, who asked not to be identified because she isnt allowed to speak publicly, said she wasnt able to comment when asked when the bank would publish the tourist rate. Bolivar Decline The bolivar has lost almost 70 percent of its value on the black market so far this year, according to rate tracking website dolartoday.com. Maduro has blamed inflation, product shortages and the record gap between the official and black market rates on economic sabotage by political opponents. Non-residents, who will be able to purchase bolivars at the tourist rate at banks in airports and ports, will be able to sell as much as 25 percent of the bolivars they purchased back to central bank upon departing the country, according to the gazette.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-10-31/venezuela-central-bank-to-introduce-non-resident-exchange-rate.html

There is no sign of depreciation. China’s policy on its exchange rate has not changed. We hope relevant countries will work with China to ensure the sound and steady growth of trade relations,” said Chunying. Washington has long accused Beijing of keeping the value of its currency artificially low, giving Chinese companies an unfair advantage over U.S. manufacturers. A lower Chinese currency makes Chinese goods cheaper in the U.S.
For the original version including any supplementary images or video, visit http://www.voanews.com/content/us-treasury-china-currency-still-significantly-undervalued/1780475.html

US Treasury: Chinese Currency Still ‘Significantly Undervalued’

The paper added that on Thursday RBSsuspended two of its traders as part of the probe. Both banks declined to comment publicly on the suspensions but have confirmed they have been drawn into the investigation surrounding alleged manipulation. RBS said in its third quarter results today it had been contacted by the UK’s Financial Conduct Authority (FCA) and other authorities. It added: “The group is reviewing communications and procedures relating to certain currency exchange benchmark rates as well as foreign exchange trading activity and is cooperating with these investigations.
For the original version including any supplementary images or video, visit http://uk.news.yahoo.com/currency-probe-banks-tight-lipped-traders-131844866–finance.html