Dollar at 2-Month Minimum versus Euro | ForexGen

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The U.S. dollar reached its lowest value against the European currency in more than two months today as the traders are waiting ADP report on the June jobs dynamics and expect it to show a first decline in four months.

Automatic Data Processing, Inc. reports on the employment in the non-farm private business sector each month, relying on the private data of its business clients. June report will be released today at 12:15 GMT and the median analysts’ forecast is a decline by 20k after 40k gain in May.

The dollar also declined against the Australian currency today as the macroeconomic statistics there pushed the AUD rate higher against almost all other currencies. Despite loses against euro, Australian and New Zealand dollars, USD managed to grow against the Great Britain pound today as the Bank of England will probably abstain from increasing the rates and may even cut the interest rate during its next meeting on July 10.

Although the dollar is trading quite low this week and is experiencing a downside daily trend against euro since June 16, in a longer term period the EUR/USD pair is still going sideways. The approach of the period’s maximum levels may trigger the sell-out on the pair by the range speculators.

EUR/USD went up today from 1.5793 to 1.5813 as of 8:26 GMT with a maximum at 1.5849 (the highest level since April 24). GBP/USD dropped 1.9953 to 1.9894, while AUD/USD rose from 0.9551 to 0.9608.

Bank Indonesia Raises Borrowing Costs | ForexGen

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The Bank Indonesia increased the interest rates today for its third meeting in a row to efficiently fight the accelerating inflation caused by the growing food and oil prices.

The central bank voted for the interest rate to be raised from 8.5 percent to 8.75 percent. The only reason the government wants to hold the rates that high, despite the unpopularity of such measures, is the fastest price growth in Indonesia in the last 21months.

Although the rate of the Indonesian rupiah remains quite steady against the U.S. dollar since April this year, the USD/IDR rate may experience some decline, as this interest rate hike may cause more investors to secure their assets in the Indonesian currencies and get a higher yield.

The rate increase wasn’t a surprise for the market analysts — the growing fuels costs cause protests by the transportation workers world-wide and Indonesia isn’t the exception. Despite the fact that the high borrowing costs may hurt the position of the current President Susilo Bambang Yudhoyono on the general elections next year, the inflation remains the central bank’s main priority.

NZD Risks Falling Low against Yen | ForexGen

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According to the analysts from Citigroup Global Markets Inc., the New Zealand dollar may experience the lowest value against the Japanese yen in more than 10 month if it closes below the current triangle pattern support line.

NZD/JPY currency pair is supported at 79.97 level, where the ascending trendline of the triangle pattern is clearly visible on the weekly chart. The descending trendline of a triangle starts from the highest point of the week of July 22, 2008, while the ascending trendline starts from the lowest point of the week of August 12, 2008.

The weekly close below the support trendline at 79.97 will trigger strong downtrend on the NZD/JPY pair, which may last to the March low near 76.71 and if that level is broken to the lowest point of the triangle near 74.26.

The currency pair opened at 80.74 today and is traded near 80.73 as of 7:44 GMT. This weekly loss is also negligible as the week opened at 80.75. Last week NZD/JPY lost almost 1 percent.

Dollar Continues Friday’s Growth | ForexGen

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The U.S. dollar continued to grow today during the Asian trading session as the traders followed the Friday’s trend and are now expecting some hawkish commentaries from the next Ben Bernanke’s speech.

Despite the weak report on the employment situation, which was released last Friday, the investors saw it as a rather positive signal and switched to buying the dollar, which lead to the new weekly minimums on EUR/USD.

Dollar growth against the euro, the Japanese yen and British pound stimulated the fall on the oil market today. But some market analysts expect the EUR/USD rate to return to the high levels of the last Thursday near 1.5760 later today.

Ben Bernanke, the Chairman of the Federal Reserve, will be delivering a speech at Federal Deposit Insurance Corporation?s Forum on Mortgage Lending to Low and Moderate Income Households tomorrow. Traders expect that his commentary may have some positive effect on the U.S. currency.

EUR/USD fell down from 1.5691 to 1.5661 as of 10:54 GMT today, but the lowest daily value was at as low as 1.5611, which is the lowest level since June 25. USD/JPY opened at 106.81 today and rose to 107.44, while the daily maximum is already at 107.70.

Yen Advances on Stocks Downfall | ForexGen

The Japanese yen rose against all other major currencies today on Forex as the stock markets declined in Asia and Europe, while the investors became concerned about more losses from the mortgage crisis worldwide.

The yen also advanced significantly against its carry trade counterparts — such as Australian and New Zealand dollars. In carry trade investors borrow cheap Japanese yen to buy high yielding assets, such as Australian and New Zealand currencies, bonds. With the growth of currency volatility such positions become less attractive and the yen usually grows.

Asian stocks tumbled today after the report from Lehman Brothers Holdings Inc. that showed that largest U.S. mortgage providers will have to borrow as much as $75 billion to cover the losses.

The Group of Eight nations also signaled in the favor of the stronger yuan, which will probably pull up other Asian currencies, including the Japanese yen. Intraday Forex traders use such information and increased their yen long positions.

USD/JPY declined from 107.14 to 106.44 as of 8:44 GMT today, yesterday the currency pair grew insignificantly. EUR/JPY dropped below the last Wednesday’s open level and is now trading at 167.40 after opening at 168.48 today. GBP/JPY fell from 211.66 to 210.48.

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Forex Currency Trading - Making Money in the Forex Market | ForexGen

Forex currency trading is becoming increasingly popular as more and more traders want to take their shot at the largest trading market in the world. The lure of nearly $2 trillion in trading going on each and every day is too much for most traders to resist.

So what is the Forex market, and how does currency trading work? Forex is an abbreviated term for foreign exchange market. The Forex is the largest financial market in the entire world, with an average trade volume of nearly two trillion dollars per day. The modern Forex market is what evolved from initial currency trading.

The idea is to use fluctuating currency rates to make money out of money. For example, let’’s say you buy one mini lot (1 mini lot = 10,000 currency) of the EUR/USD at a rate of 1.1500. Two days later the markets shift and the EUR/USD is now 1.1525, and so you decide to sell. Using the formula to figure out profits/losses, 1.1525-1.1500 is .0025 * 10,000 (the size of the mini-lot) = $25. In this case, a $100 investment for one mini lot yielded a $25 profit, or 25% in only two days. Not a bad percentage by any count. That’’s quite a profit for two days.

This is a simplified example, and as with any trading there is always the chance of loss, but this gives you an idea of what traders are shooting for when investing in Forex currency trading and why the potential for profits is so high. Forex currency trading is conducted using “pairs.”

The reason for this is that to trade Forex you are basically simultaneously buying one of the currencies, while selling the other. If you are selling the EUR/USD pair, then you are selling Euros in order to buy dollars.

Let’’s use the earlier pair as an example. If you are trading the Euro versus the US Dollar, your currency pair is EUR/USD. The Euro (EUR) is referred to as the base currency while the US Dollar (USD) is referred to as the cross currency. The base currency is the one you are selling, while the cross currency is the one you are buying.

There always has to be a pair. To buy one currency, you have to do it with another. To sell a currency, you need to get your profits back in another. There must always be two currencies in any Forex currency trading.

The far majority of the Forex trading done in the world takes place between eight currencies: the United States Dollar (USD), Australian Dollar (AUD), Great Britain Pound (GBP), Canadian Dollar (CAD), Swiss Franc (CHF), Japanese Yen (JPY), and the Euro (EUR). Other nations” currencies may be used, but these are the currencies that are most often used and profited from because they have the most demand and come from the most stable economies.

I hope that gets you started into learning about Forex currency trading, but you should know that you will always need a good proven system to make a profit in this volatile market.

About The Author

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder - Founder, ForexImpact.com

Does The Perfect Forex Trading System Actually Exist?

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Posted in by admin on June 24th, 2008

By James Woolley

It’’s a well-known fact that many forex traders spend much of their lives seeking out the perfect forex trading system. With so much money to be made, particularly if you make full use of leverage, it’’s hardly surprising, but does this perfect system actually exist?

Forex forums are full of newbies asking about the best trading systems and how they can start earning lots of money from forex, but they”re usually brought back down to earth by the other more experienced forum members. This is because there is no such thing as the perfect forex trading system unfortunately.

On these same forums you will often read about the latest and greatest forex systems but almost all of these systems eventually end up failing, despite initially looking profitable. It’’s the same story with many of the commercial systems available online. They all have very impressive track records and look like very impressive systems on their sales page, but when you come to buy them, you quickly discover that they aren”t anywhere near as profitable as they claim to be. This is hardly surprising of course because if these systems were so profitable then they wouldn”t want to sell them to the general public.

The simple fact is that there is no perfect system. There are lots of systems that are capable of making a profit in the long-run, but even the very best systems will go through low periods and incur some losses in the short-term.

The key to being successful is to develop a system where the odds are in your favour for every single trade you make. This can be achieved by combining certain technical indicators so that you only enter positions where all your chosen indicators point in the same direction, so you can be confident in entering a long or short position.

You don”t necessarily need to trade a system with a high success ratio either. You can make decent money from forex trading just by developing a system with a 30 or 40% win ratio, for instance, if you have a solid stop loss policy and let your winning positions run.

It basically comes down to probabilities. If you have probability on your side for every trade you make then there’’s no reason why you shouldn”t make money from forex trading. You don”t need to constantly be on the lookout for the latest and greatest trading system. It’’s very often the simple tried and tested systems that are the most profitable in the long run.

Why ForexGen?

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

Does Forex Trading Really Live Up To All The Hype? | ForexGen

If you”ve heard of Forex trading (also known as foreign exchange trading), great. It’’s one of the hottest topics around right now and its popularity is growing. What is it, though, and how can you as an average trader make money in it?

Forex is also called “FX,” and both are short for “foreign exchange.” Foreign exchange doesn”t get a lot of press like options, stocks and commodities. However, foreign exchange is in fact the biggest market in the world and it can offer investors a huge opportunity for profit, done right.

When you trade in foreign exchange, you don”t trade in bonds or stocks. Instead, you trade in currency. Simply, you buy one currency and sell another. As exchange rates go up and down, you either make or lose money, depending on what you”ve traded.

With foreign exchange trading, you aren”t investing in a single company or group of companies, as you might with mutual funds, for example. Instead, you”re investing in a nation’’s economy. You are betting that the overall economic health of one nation will get better as compared to that of the second nation in your “currency pair,” or the pair of currencies you are utilizing to trade.

As an example, let’’s say that you are dealing with the Japanese yen and the US dollar. Your research seems to tell you that the US dollar is undervalued and will increase in price, and at the same time, the Japanese yen is going to lose value. With this scenario, you would execute a trade so that you buy US dollars and sell Japanese yen. If you are right and the exchange rate rises, you make a profit. If you”re wrong and the exchange rate falls, you”ll lose money.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

Is Currency ETF Trading For You? | ForexGen

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Over the past couple of years Commodity ETFs (exchange traded funds) have literally become a money game. It wasn”t very long ago that commodity ETFs were made up only of things that could be derived naturally from the planet. This included energy, metals, and agriculture. A few years ago currency ETFs made their appearance in the commodities market.

Exchange traded funds are like mutual funds that are traded on the market. Currency exchange traded funds are dependent upon the values of the currencies. Currency ETFs include the dollar, euro, pound, yen, and franc, to name a few. Before ETFs were introduced for currencies, only the very wealthy were able to invest in them. Exchange traded funds have made currency trading available to the average Joe investor. But does Joe want to invest?

Experts are warning that currency ETFs are risky due to their volatility. They are difficult even for the most seasoned investors to predict. Based on the trend over the past decade, currency trading is not likely to offer a huge gain, not even currency ETFs. Experts tell us that even though average Joe can now afford to invest in currencies via exchange traded funds, he might be better off to leave them alone.

Most commodity ETFs rise and fall because of the supply to demand ratio. Currency ETFs, on the other hand, are dependent on the economic outlook of the country of origin of the currency. This outlook can be affected by many things, including the price of oil, the trade balance and inflation rate, their political leadership, war, and economic status as a whole. All of these things must be thought of when considering investing in currency exchange traded funds.

With currency ETFs it is possible to throw a mix of different currencies into the basket. Some investors are giving this a try in the hopes that the good ones will cancel out the bad ones, and then some, and be able to make a bit of profit from them. Then, if they are lucky, they will have more good than bad and be able to do quite well on them. These investors should not be surprised to find, however, that the world’’s economy as a whole seems sketchy at best right now.

Some commodity ETF analysts are advising that the investor be aggressive when trading currency exchange traded funds. Buy them with the understanding that they are going to be short term investments for quick trade. When the time is right, dump them and make your profit, then move that profit into more reliable commodity exchange traded funds. If this worked well for you, take your initial investment and try it again.

If you decide that you want to give currency exchange traded funds a try, do some research and know exactly what you are getting into. Currency ETFs might not be for you, at least if you want to listen to the experts. If you”re the kind of investor who likes to try new things, then go ahead and give currency commodity ETFs a try.

Develop A Forex Trading Strategy To Become A Master Trader | ForexGen

If you are interested in becoming an amazing trader in the forex market, you definitely need a powerful forex trading strategy to guide you in your trades. Those individuals who are expert forex traders have learned this early and are now the elite that make a lot of money. There are four simple steps that you can take to develop your forex trading strategy. Follow them and immediately see success in the forex market.

First, you must realize that your success falls only on you. You need to accept responsibility for your own success and each trade. Only you can make yourself successful! This means that you have to take the necessary steps to develop your own trading strategy. The good news for you is that everything you need to know about forex can be found online for free, or very cheap.

Second, you need to focus on learn how to find the right information and increase your knowledge the right way. To be successful in the forex market, you need to learn the right things. This is important because many traders think that knowing more is better. This is simply not true!

You see, in the forex market, you get rewarded heavily for your results and the accuracy for your trades, not the effort you make in your trades. You should also make sure that the forex trading system that you chose to use integrate into your trading strategy is simple and easy to use. Simple systems are much easier to use for a long period of time and work much better than the complicated ones. This will give you confidence and an advantage over those who choose to use complicated systems.

Third, you need to decide right now if you feel comfortable taking a risk and if you have good money management skills. If you don”t like taking risks, you probably shouldn”t trade forex. Most traders don”t realize how big the actual risk is so they enter the market and lose a lot of money and get out quick. Then there are those who are so frightened by risk, that they end up being too conservative in their trades and lose a lot of money. If you want to make a ton of money in the forex money, you need to take risks that are calculated, I mean risk at the right times.

Last, you need to be realistic in your expectations. Sure, some people get into the forex market and get rich super fast. However, this isn”t the norm for most traders. If you take your time easing into the market and immediately begin developing a forex trading strategy that is strong and sustainable, you will find success.

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However, ForexGen News Center you can also do this in reverses! If you think you know that a currencies price is going to go down rather than up and you can go short.

ForexGen Enterprise Accounts This is just the opposite of the above transaction, selling it first and buying it back later in the hope that the price will go down for you to make a profit.Forex Gen Academy This can be somewhat strange for those hearing this for the first time, but the concept remain the same either way, that being, ForexGen News Center that you always want to buy something at a low price, and sell it at a higher price than you bought it at.

Which order you do it in doesn’t matter just that for a transaction to complete you must both buy and sell, as long as you ForexGen Services sell at a higher price than you buy then you make profit.

What Is The Target Of ForexGen

ForexGen is targeted to meet the growing FX needs of banks and other financial institutions including traditional banks and their clients of asset managers, proprietary trading firms, leveraged funds, currency overlay managers, hedge funds and CTAs.

It is designed to provide increased price transparency, introduce trading anonymity, and heighten FX market accessibility. Combined, these three features hold enormous potential to deepen FX market liquidity and market efficiency for the next generation of FX trading.

ForexGen offers bank participants unprecedented access to its platform through a variety of means including: Powerful API Corporate version of our Trading Stations Corporate version of our MultiAccount Client Automated Trading Systems Access to our High End Analysis Tools Providing Access to All Major Currencies ForexGen will initially support spot FX transactions in all major currencies against the U.S. dollar: the euro, Japanese yen, British pound, Australian dollar, Swiss franc and Canadian dollar.

all cross currency pairs are also be supported. CFDs and wide range of quality instruments are supported. For banks, contact us today to setup a meeting with one of our Executive Account Managers

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