Forex World Currency Exchange Rates – Yen Lost Against U.S. Dollar – Australian Dollar Big Gainer

Australian Dollar

The big forex news of the day was the Australian dollar. The currency gained 2.17 percent against the dollar (average chart below). The Aussie dollar was down 5 of the last 10 days compared to the U.S. dollar.

The Australian dollar gained against the Hong Kong dollar on Wednesday. The currency also gained 1.405 percent the British pound sterling, 2.206 percent against the Japanese yen and 1.542 percent against the euro.

Forex World Currency Exchange Rates – Australian Dollar Gains Against Euro and Yen

The U.S. dollar has lost against the Australian dollar three days in a row and is down 4.03 percent over the past seven days. Today the dollar lost .69 percent against the Aussie currency.

The euro has also gained against the dollar for the past three days in a row. The euro has gained seven of the past ten days and is up 1.04 percent for the week. Today the dollar fell .24 percent against the currency.

The dollar lost 1.14 percent against the South Korean Won and 2.92 percent against the New Zealand dollar over the past seven days. The dollar broke even against the South African Rand today but is down 1.90 percent for the week.

The dollar is down 1.44 percent against the Mexican Peso over the past week and down 1.94 percent against the Canadian dollar over that same time period.

The euro was .307 percent higher over the Hong Kong Dollar today. While the common European currency was down .877 percent against the Australian dollar, it gained against all other major currencies we monitor.

The euro was .309 percent higher against the Swiss franc, .625 percent against the British pound sterling and .851 percent against the Japanese yen.

Japanese Yen Exchange Rates
The yen lost .565 percent against the Hong Kong dollar, 1.257 percent against the Australian dollar and .84 percent against the Canadian dollar.

See the tables below for more details.

By; Steven Potter
Business Reporter

Thursday	Wednesday	Thursday	Survey # 1	% Change Day	% Change Wk
7/1/2010	7/7/2010	7/8/2010	Per Dollar	Pos=$US Gain	Pos=$US Gain
7.7888	7.7874	7.7856	Hong Kong Dollar - HKD	0.02	0.13
1.1814	1.1542	1.1404	Australian Dollar - AUD	1.20	4.02
1.0594	1.0464	1.0434	Canadian Dollar - CAD	0.29	1.79
1.0608	1.0502	1.0499	Swiss Franc - CHF	0.03	1.20
0.6596	0.658	0.66	British Pound - GBP	0.30	0.29
87.57	87.973	88.43	Japanese Yen - JPY	0.52	0.77
0.7996	0.7907	0.7881	Euro - EUR	0.33	0.97
14.3028	14.3514	14.4139	Average	0.44	0.58
7/1/2010	7/7/2010	7/8/2010	Dollar /	Pos=$US Loss	Pos=$US Loss
0.1284	0.1284	0.1284	Hong Kong Dollar - HKD	0.02	0.13
0.8465	0.8664	0.8769	Australian Dollar - AUD	1.21	4.19
0.9439	0.9557	0.9584	Canadian Dollar - CAD	0.29	1.82
0.9427	0.9522	0.9525	Swiss Franc - CHF	0.03	1.22
1.5161	1.5198	1.5152	British Pound - GBP	0.30	0.29
0.0114	0.0114	0.0113	Japanese Yen - JPY	0.52	0.77
1.2506	1.2647	1.2689	Euro - EUR	0.33	0.98
3:40 PM	6:15 PM	3:40 PM	Time Collected (Pacific)
Thursday	Wednesday	Thursday	Survey # 2	% Change Day	% Change Wk
7/1/2010	7/7/2010	7/8/2010	Per Dollar	Pos=$US Gain	Pos=$US Gain
88.49558	88.49558	88.49558	JPY ¥ Yen	0.00	0.88
0.79879	0.78902	0.78771	EUR € Euro	0.17	1.02
1.05608	1.04428	1.04450	CAD $ Canadian	0.02	1.94
0.65889	0.65712	0.65959	GBP £ British	0.38	0.20
1.17675	1.14456	1.14025	AUD $ Australia	0.38	4.03
1.06123	1.04943	1.04965	CHF Swiss Franc	0.02	1.24
15.54122	15.53000	15.52954	Average	0.00	0.74
			Dollar /	Pos=$US Loss	Pos=$US Loss
0.0113	0.0113	0.0113	JPY ¥ Yen	0.00	0.88
1.2519	1.2674	1.2695	EUR € Euro	0.17	1.03
0.9469	0.9576	0.9574	CAD $ Canadian	0.02	1.98
1.5177	1.5218	1.5161	GBP £ British	0.37	0.20
0.8498	0.8737	0.877	AUD $ Australia	0.38	4.19
0.9423	0.9529	0.9527	CHF Swiss Franc	0.02	1.25
8:50 PM	6:50 PM	4:00 PM	Time Collected (Pacific)

Cross Charts:

	Side / Top			July 08 2010  4:00 PM
Survey # 2	Franc	AUD	GBP	CAD	EUR	JPY	USD
1 CHF		1.0864	0.6284	0.9951	0.7505	84.2559	0.9527
1 AUD	0.9205		0.5784	0.916	0.6908	77.5542	0.877
1 GBP	1.5913	1.7288		1.5835	1.1942	134.0737	1.5161
1 CAD	1.0049	1.0917	0.6315		0.7541	84.6673	0.9574
1 EUR	1.3325	1.4476	0.8374	1.326		112.2699	1.2695
1 JPY	0.0119	0.0129	0.0075	0.0118	0.0089		0.0113
1 USD	1.0496	1.1403	0.6596	1.0445	0.7877	88.435

Top Currencies In Forex Trading

First what is Forex: The FOREX or Foreign Exchange market is the largestfinancial market in the world, with an volume of more than .5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.

The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing with the foreign currency exchange, it is possible to buy the currency of one country, sell it and make a profit. For example, a broker might buy a Japanese yen when the yen to dollar ratio increases, then sell the yens and buy back American dollars for a profit.

Prices of currency are influenced by a number of factors such as political and economic conditions in the issuing country. Interest rates, inflation and political stability are all factors in the prices of a currency. Governments try to control their currency prices by lowering the price (flooding the market), or by raising the price and buying on a large-scale. Although the volume of Forex is sizable, it’s still impossible to have any control of a market for any length time and because market forces normally prevail in the long run, Forex has become one of the fairest investment opportunities available.

Each currency in the Forex market is given its own three letter code that is used in the Forex quotes. The most common and widely used currencies used in the Forex market are USD (U.S. dollars), GBP (United Kingdom pounds), JPY (Japanese yen), CAD (Canadian dollars), EUR (European euros), AUD (Australian dollars) and CHF (Swiss francs). These currencies are the top foreign currencies to watch in the Forex trading game. The prices of the foreign currency exchanges are specified in pairs by the forex quotes. By using a currency pair of U.S. dollars and European euros in the example below, the first currency is called the base (which is always at 1) and the second currency is called the quote (which shows how much it costs to buy one unit of the USD, or base currency):
USD/EUR = 0.8419. When reversed, this is the cost of USD to buy one euro: EUR/USD = 1.1882.

The base currency is growing stronger when the price of the quote currency goes up, therefore only one unit of the base currency can buy more of the quote currency. However, if the quote currency begins to fall then the base currency will become weaker. All forex quotes are perceived as a “ask” or a “bid” price. The ask price is what sellers will sell the base currency at, while at the same time be buying the quote currency. The bid price is what the buyers will pay for the base currency, also while selling the quote currency. For example, a symbol bid ask of:USD/CAD 1.2392 1.2397. This shows that you can buy one U.S. dollar for 1.2397 Canadian dollars, or you can also sell one U.S. dollar for 1.2392 Canadian dollars. You can find the exchange rates in cross country charts that list numerous types of currencies with their values against one another. There are also currency conversion calculators, all of which are readily available online.

Along with the U.S. dollar, United Kingdom pound, Japanese yen, Canadian dollars, European euros, Australian dollars and Swiss francs as some of the top currencies to watch in the forex trading game; some new currencies have been emerging. Be sure to keep an eye out on these emerging currencies: CNY (China yuan), CZK (Czech koruna), HKD (Hong Kong dollar), HUF (Hungarian Forint), INR (Indian Rupee), KRW (Korean Won), MXN (Mexican Peso), PLN (Polish Zloty), SGD (Singapore dollar), ZAR (South African Rand), and THB (Thai Baht). These currencies may not be one of the top currencies now, but they can make for some good investments. Taking two examples out of all of the emerging currencies:

The Czech koruna is a convertible, yet free floating currency that has been floating around since May 1997. All foreign investors have unrestricted access to these local markets. London banks continue to be very active in currency trading and accounts for nearly 60% of the daily turnover. This market is liquid for about five years. The Interest Rate Swaps, or the IRS, is mainly driven by offshore banks.

The China yuan is only limited to financial institutions and onshore companiesand is not liquid. Currently the USD/CNY rate is about 8.2770 and is being closely managed by the central bank (PBOC). The Chinese government has resisted all calls for them to revalue their currency; but as the Chinese government continues to strengthen their banking systems and make reforms in their economic policies, there is likely to be a possible call for opening spot trading. The interbank money market does not go beyond four months.

Knowing the top currencies to watch in Forex trading will get you in the game.

Dieser Beitrag wurde am Saturday, 26. June 2010 um 18:51 Uhr veröffentlicht und wurde unter der Kategorie 65 abgelegt. Du kannst die Kommentare zu diesen Eintrag durch den RSS-Feed verfolgen. Du hast die Möglichkeit einen Kommentarzu hinterlassen, oder einen Trackback von deinem Weblog zu senden.

Forex Online Training, Effective And Convenient

The foreign exchange market is simply the largest financial market in the whole world. It deals with more than 3 trillion dollars daily. That is money you cannot even count manually. This is the reason why many would like to have a part of that trillions of dollars. However, this is not possible if you will not be equipped with the proper forex education and training you needed to make it successfully in the forex market. Forex online training and education is something accessible to anybody interested. Many of these even come free without the need for you to spend. However, it would be advisable to spend for a quality training that will ensure your success in achieving your goal in forex trading. With the huge array of information needed as well as the accuracy required about the said information, you cannot simply trust just about any free forex online training especially when it comes to numbers and statistics. If you want to find a quality education and training to ready you with forex trading, you need not look far. They are also available online just as the free ones. The difference however is that you will need to pay first before you can download the information. After you are able to digest all the educational data, you will be given actual hands on training with their demo accounts. With these accounts, you can do actual forex trading without the need to use real money yet. Once thoroughly practiced, you may start investing money on the market. It would be advisable to trade low at first so as not to make much loss while you are still testing the waters.

Declan Pollard is a Coin vending and amusement machine service in Great Britain. How I Got 82% Gains In The Forex Market In Less Than 10 Months. Visit http://forex-onlinetraining.com to find the answer…

Forex Robot – Find Out More About It

As Forex market is growing, so do tools for simplifying the life of traders. One of the latest innovations is the Forex robot used for automatized analysis of the market situation of a given currency pair and making decisions or arriving at trading conclusions. The robots offered by multiple companies on the Internet are never quite the same. They differ in modes of analysis, in technology used and so on. As you can understand, the more advanced a technology is behind the Forex robot, the more profitable and successful trading they would make. Yet, as soon as one gets to the search options, one faces the variety of those robots offered. Thus, a knowledge of how to choose the best robot is needed, which involves the information on its equipment and success rates. Here is a brief guide as to what to pay attention to before making a choice on Forex robot.

Firstly, you need to take into consideration that a good Forex robot has to show a good track record of the currency you intend to start trading with. It means that though all robots are designed to trade in any currency, some may be programmed to perform better in a limited choice of currencies. Thus, we recommend you to start with investigating the performance of the Forex robot you feel like buying.

Secondly, you need to keep in mind that those Forex robots are programmed to work in certain situations, the number of which would be limited and some additional factors might not be taken into account. In addition, they may be programmed to work with some peculiar currency pair. You have, thus, to make a decision in advance as to what you really need before buying a Forex robot.

Thirdly, you should understand that Forex robots are programmed to make autonomous decisions, yet, at times you might be in need to intervene. Your overriding will depend on the software you choose. No Forex robot is fail proof, and thus, you may want to have this possibility to perform the trade on your own at times or change the decisions of the robot.

In addition, you have to check with the robot developer whether the refund is guaranteed if you get dissatisfied with your robot. If there is no refund than, perhaps, it is not worth buying. Also, pay attention to trial account which will get you the possibility to see whether your Forex robot is good for you.

And finally, sometimes the developers to increase the cost of the Forex robot will intentionally add features to it that you might not even need for your daily use. Additionally, some may even lack some of the most important features you will require. Make a list of the features and options you will need from your robot and make your choice based on what you have on your list.

All in all, Forex robots are extensively used by Forex trades of all levels. Beyond doubt as any human being, Forex robots are not ideal, and some fallibility on their part should always be allowed.

There are two options you can earn on Forex market.

You can study the basics of Forex market trading with the help of a nice forex book and do the forex trading personally.

OR you can hire experienced traders to manage the money on your trading account and they will trade for you. Find out more about forex investment.

Nowadays we live in the world where knowledge makes life easier.

Due to this if you are properly armed with the knowledge in your sphere of interest you can rest assured that you will always find the solution to any bad situation. So, please make sure to visit this site on a regular basis or – best of all – sign up to its RSS feed. In such an easy way you will have a direct shortcut to the latest informational updates here. Blogging can be helpful, you just need to understand how to use them.

Stability back in Vietnam forex market: State bank

bank devalued the dong for the second time in three months amid widespread concerns over a high trade deficit and inflation.

Since then, the official rate has remained steady at 18,544 dong per US dollar.

Huy said domestic psychological factors as well as the global financial crisis and side effects of government stimulus put the dong under pressure last year.

Official reserves declined as the central bank intervened heavily.

“The reserve level is recovering quickly and hopefully we can achieve a level of 12 weeks of imports soon,” Huy told the European Chamber of Commerce in Vietnam.

Foreign direct investment, aid disbursements, portfolio investment flows and remittances have also increased, he said.

“Right now, our objective is to keep the forex market stable, and all the conditions we have now would not require any substantial change,” Huy said.

He emphasized that the banking system is “very liquid” in US dollars.

For the first time this year, the monthly trade deficit fell in May to below one billion dollars, according to the World Bank.

The government is trying to control its trade deficit and maintain inflation at a maximum eight percent for the year.

Official figures released Thursday said Vietnam’s inflation rate hit 8.75 percent in the first half, but the state bank said the full-year target was attainable.

Geld verdienen im Devisenhandel Online – Forex Trading deutsch – MyPrivateTrade

http://www.youtube.com/watch?v=geF4RarLfoc&feature=player_embedded

vude.de Devisenhandel ist der größte Markt der Welt. Banken, Regierungen, Unternehmen und Leute wie Sie und ich können fünf Tage іח der Woche handeln. Passen Sie jedoch auf! Die Preise gehen ständig hoch und runter, es gibt jedoch immer eine Chance, Gewinne zu machen! Nachdem Sie ein MyPrivateTrade Agent sind, werden wir Sie kurz kontaktieren um Ihnen bei аƖƖ Ihren Fragen zu helfen. Mаkе Money οח Forex Trading Online vude.de Lass uns drüber reden! Lеt`s talk аbουt business! Skype: andrea_wedel Andrea-Wedel.de WWS Internetmarketing wws-webagentur.