The ECB’s and BOE’s rate decisions puts more wind to the back of EUR/GBP!
With the information we have covered so far, let’s show a few examples of how much money can be made (or lost!) daily by trading currencies.
The differential indicator is an indicator used to identify the profit/loss that would have been realized if any trader submitted multiple positions at the same time.
ForexGen LTD customer satisfaction is our major objective. To reach our business goals, we strive to put our client’s goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.
The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies.
There are certain features that make forex trading extremely appealing to individual traders as well as to other financial institutions and banks. These are:
In Forex trading, most of the currencies are traded against USD. The other prominent currencies are Euro or EUR, the Japanese yen or JPY, the British pound sterling or GBP, and Swiss franc or CHF. These five currencies are known as the Majors. The pairs are quoted like USD/EUR or CHF/JPY, where the first one is referred to as the base and the second as the counter or quote currency. The value of the base currency is always 1. All trading is done with currency pairs.
5.1 In 1992 Jackie Woodhouse of the SNCCFR conducted a survey of players in the Women's National League. It provides facts and figures on who plays and where. Overwhelmingly, the female players were single (90.8%) and had no children (93.0%). This reflects the relative youth of the sample but it also, probably, says something about the difficulties involved in looking after a family (still mainly seen as a woman's responsibility) and trying to fit in other commitments. Also almost half of these players surveyed were situated in the SE and 1 in 4 were based in the Midlands. Figure 3 shows the geographical spread of female players in Britain in 1992.
4.1 Since the early 1970s, there has been a gradual increase in the numbers of women players in England.. By 1989, there were 263 women's clubs and around 7,000 players, in 1990, 314 and 9,000 registered players and the figure for 1992/3 was 450 with 12,000 registered players (figures from the Women's Football Association). The figures for the 1997/98 season are 1000 girls teams, with 20,000 players and 700 women's teams with 14,000 players, giving us a figure of 1700 teams with 34,000 registered players, all told (figures from the FA.). It has also been estimated that up to 215,000 women played football in the UK in the late 1990s (Boyle, 1998) Figure 1 shows the increasing number of women's football teams in Britain and Figure 2 the increase in the number of registered players.
The work of the Trade Negotiations and Commercial Diplomacy Branch aims to strengthen human, institutional and policy-making capacities by formulating and implementing national trade policy frameworks conducive to economic, human and social development and poverty alleviation, as well as in participating effectively in multilateral, regional and subregional trade negotiations.
The Chinese Central bank ordered last month all local banks which provided Forex margin trading to stop their services to existing customers and not to accept new investors. This decision was made after more than 80% than the day traders with those banks reported loses. The banks that were offering online Forex trading in China were : China Bank, Minsheng Bank and the Bank of communications. All forms of online trading of financial products such as shares, commodities and futures are very trendy in China with heavy off line promotions for various systems and trading platforms. The Yuan (RMB) itself cannot be traded in any way in international markets by Chinese regulation and it is listed on the export banned list commodities list.
Viewed by some as an upset in the forex market, U.S. currency almost hit a record low recently when compared to other major currencies. There still remains some pressure coming from China when reviewing recent comments that mention the possibility of the nation diversifying reserves separate from the American dollar.The U.S. dollar hit a rock bottom record low of 1.4729 when put next to the euro, and 2.1070 when compared to the pound. This was only after Cheng Siwei, vice chairman of China's National People's Congress, mentioned that the nation may change to “stronger” forms of currency.Jeffery Lacker, president of the Richmond Federal Reserve Bank, also made some comments that support the Reserve's choice to slash key Federal fund rates by 1/2 of a point. Lacker, who does not actively vote on the Federal board, mentioned that the Federal Reserve most likely “did the right thing” when referring to the recent rate cuts.Thomson IFR Markets representative Rhonda Staskow mentioned that Lacker's remarks “also suggest that there is a great deal of uncertainty over the sub-prime/housing/CDO issue and how that will play out.”Staskow also mentioned that, “A crisis of confidence of the dollar and over the asset levels of banks continues.”
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