Dollar Grows as Hurricane Gustav Weakens | ForexGen

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The U.S. dollar rose today to its new maximum level in almost seven months against the euro as the crude oil prices declined after it became obvious that the hurricane Gustav won’t be causing significant damage to the American oil industry.

The dollar also advanced to the highest position against the Great Britain pound in more than two years today as it rallied on the Forex market. The Australian dollar fell to the lowest level since September 2007 against its U.S. counterpart.

Currency analysts note an elevated dollar optimism among the Forex traders despite the early forecasts that the current USD rally can’t sustain itself and will succumb to the weak economic reports from the United States.

It is possible for the EUR/USD currency pair to decline to its technical resistance level near 1.4400. Breaking this resistance will trigger many stop-loss orders, pushing the dollar up. Some investment banks have already raised their end-of-the-year forecast for the dollar versus the other currencies.

EUR/USD dropped from 1.4587 to 1.4492 as of 12:28 GMT today — it’s the fourth day of decline for this currency pair. GBP/USD falls for the six days; today it went down from 1.7994 to 1.7830. USD/JPY rose a little today — it went up from 108.16 to 108.85.

Pound May Fall 20% More before 2009 | ForexGen

The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan, spurring the currency conversion process.

Japanese currencies grew on the speculation that the weak economic indicators in U.S. and the crisis of the financial institutions may cause a global recession. Both Australian and New Zealand dollars (famous for their carry trade value) touched 2-year minimum levels this week.

Despite the extremely low interest rate associated with it, the Japanese yen performs well on the Forex market during the last few months. Trader’s panic currently overweights the usual profit-seeking behavior.

USD/JPY currency pair declined from 108.31 down to 107.74 after touching 105.52 this week. EUR/JPY reached its one-year lowest value this week at 150.59; it lost 3.5% going down from 159.25 to 153.67 — the largest drop since August 2007. GBP/JPY fell from 196.20 to 190.30 and touched 186.18 level — the lowest rate since December 2003.

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Chinese Yuan May Slowdown on Lower CPI | ForexGen

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The Chinese yuan traded almost unchanged in price against the U.S. dollar today after posting a significant gain yesterday on speculations that the central bank will reduce the currency’s appreciation rate as the inflation returns to its normal values.

Yuan is the best performing currency in the Asian region this year. It managed to gain 4.2 percent in the first quarter of 2008 and another 2.3 percent in second quarter. Meanwhile stronger yuan damaged the exporters’ competitiveness on the overseas markets.

China’s strong yuan policy was caused by the two major factors — record high domestic inflation and the pressure from the European Union and the United States to revalue the yuan in order to pare the world trade imbalance. As the CPI dropped to 4.9 percent annual rate in August (lowest rate since June 2007) the inflation factor became less critical and the yuan’s appreciation may significantly slowdown.

According the currency analysts, China’s government may now switch from the inflation to the rise in unemployment and export problems. As a consequence yuan may show no further growth this year. Although the currency is believed to be seriously undervalued, it’s very unlikely that the People’s Bank of China will continue strengthening the currency without some strong stimulus.

USD/CNY currency pair rose insignificantly from 6.8381 level yesterday to to about 6.83950 as of 9:50 GMT.

Dollar Breaks Psychological Resistance | ForexGen

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The U.S. dollar continued to grow today for the fourth day against the euro on speculation that the problems are more serious for the European economy than for the United States, thus the rate differential may switch to the dollar’s favor.

The dollar broke down the significant support level of the EUR/USD currency pair at 1.4000. Market analysts await very disappointing reports on the manufacturing and GDP growth in the Europe, while they believe that the biggest problems of the U.S. economy connected with the ongoing global recession are already in the past.

Markets are very positive about the future of the U.S. dollar. Despite an extremely fast gain, a very large correction wave is very unlikely to occur soon. But some strategists predict a pullback to about 1.4200 level on EUR/USD if dollar stops now and goes flat for some time.

New Zealand dollar was another currency which lost significantly to the greenback today. Reserve Bank of New Zealand lowered the interest rate by 50 basis points to 7.50 percent, exceeding the traders’ expectations. It looks like more currencies are going to lose their interest rate advantage over the dollar.

EUR/USD declined from 1.3970 to 1.3918 as of 8:39 GMT today — that’s the record bottom level since September 18 last year. NZD/USD dropped from 0.6529 to 0.6449 — the lowest level since September 13, 2006. USD/JPY unlike other dollar-based currency pairs didn’t move in the favor of USD — it went down from 107.77 to 107.00 today.

Currency Trading Tutorial | ForexGen

Are you excited about the possibility of trading in the Forex market? The Forex market is a currency trading market that pits the currency of one nation against the currency of another nation. Short term day trades are the name of the game in the Forex market, but in order to learn how to do this properly, you should pick a good currency trading tutorial. This will teach you everything you need to know about trading in the exciting world of the Forex market.



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Foreign Exchange Market is Different from the Stock Market| ForexGen

The foreign exchange market is also known as the FX market, and the forex market. Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market is over thirty years old, established in the early 1970′’s. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries. The

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any country.

The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones. As one market is opening, another countries market is closing. This is the continual method of how the forex market trading occurs.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market.

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Junior Gold Stocks Benefit from Stabilizing Equity Markets | ForexGen

Junior gold stocks may finaly make a move. The New York Stock Exchange indicator for new lows reached an extreme of 1304 on Tuesday the 15th of July. That was even worse than the 1100 new lows reached on the 22nd of January. Such extremes spell one thing P-A-N-I-C.

Whilst its difficult to infer any far reaching conclusions about one day sell-offs, even panics, the odds now favour a bounce in very oversold equity markets. As for how high and how long the stock market will bounce is anyones guess, but here again, probabilities favour the market to move higher and longer than anyone expects so that sentiment indicators return to their old complacent Bullish state!

What will work during this period of relative calm?

We had noticed a very definite flight to safety since market volatility began in October 2007.

Firstly, a flight away from common Dow stocks to Gold Mining Stocks because gold is seen as world wide currency which is more secure that worthless paper money. The Dow stocks have slowly been decreasing in value for the past year as gold mining stocks have been increasing in value overall. Gold stocks is were the smart money is moving into.

Within the Gold market this has manifested itself as a flight to bullion and away from Gold Mining Stocks. Yes money had been moving gold stocks higher but the majority of gold investors are buying bullion or the gold bullion etf (actual gold bars) because it currently has lower risk than trading gold mining stocks. So gold bullion and the gold bullion etf’’s have been out performing the price of gold mining stocks for the past year even thought both Gold and gold stocks have increased in value.

Now that there is a good chance equity markets will stabilize, the trends will moderate and reverse. This means Junior Gold stocks prices should begin closing the valuation gap and discounting higher earnings based on $900+ Gold.

The remainder of 2008 looks set to be very bullish for Gold Stocks and Gold Stock Juniors Gold Stocks in particular! August to December are the best months for gold for the past 40 years so we are looking for higher prices in the near future.

Many investors do not like the thought of junior gold stocks because of their volatility. There is a solution for this and it is to trade gold etf funds. The are exchange traded funds which trade like a stock but allows your to own a piece of each gold mining company and it provides less volatility. The two main etfs are GLD and GDX ticker symbols.

Junior gold stocks,Gold Mining Stocks and More commentary to follow….

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Forex Currency Trading For Beginners | ForexGen

Are you interested in beginning a career in the forex currency trading industry? If so, there is a lot of information to be found on the internet about to help beginners get their bearings on this type of trading. This information is provided both free of charge and paid subscription. The first thing that you need to familiarize yourself with is what trading the forex is actually all about.

The forex currency trading market is one of the biggest financial markets in the world. Not even the stock market can measure up to the forex market. If you add the stock and the futures market together, the forex market will still be bigger and have more money traded across its platforms every single day.

Back in the day, the market was only open to those individuals who had a lot of money, a lot meaning millions. Today the market has opened to even the little guy due to the large amount of online trading companies opening their doors every day.

The forex market is made up of millions of individuals how are buying and selling different currencies. Every time someone trades, they are buying one form of currency and selling another type of currency. The major players in clued the US dollar and the Canadian dollar, the Euro and the US dollar, the US dollar and the yen, and the US dollar and the Australian dollar.

There are countless advantages of trading in the forex market as compared to other financial markets. The transactions are super fast and can occur any time of the day. You can also be assured that there will always be people ready to trade with you at any hour.

Another great advantage of trading currency is leverage. You can pretty much leverage about 200:1 in this market. With very little cash on hand, you can manage a large amount of currency. This is the number one reason why this market is quite attractive to individuals who want to increase their earnings quickly.

If you think that this is a get rich quick scheme, you are completely wrong. People can and do lose a lot of money in the forex market. Those who do enter the market with little or know knowledge or they act on impulse trying to get rich instantly. If you do not take the time to educate yourself and trade off of knowledge instead of emotion, you could be in danger of losing everything that you put into your account.

Begin preparing yourself now with the best forex trading courses and developing a great strategy to help guide your way through the market.

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Gold Investment Fundamentals and the Transfer of Capital | ForexGen

The Secular Bull Market in Gold Investments corresponds directly to the Secular Bear Market in Financials. We explain why this trend will continue and why a short-term buying opportunity in Gold presents itself.

Central Banks are in all sorts of a pickle.

With overwhelming evidence that the global economy is slumping badly:
* UK Retail Sales see Worst Slump in 20 Years
* Business confidence in Germany is at lowest level in 2 years
* New Zealand’’s central bank cutting interest rates saying slowing economic growth will curb inflation.
* Japanese exports decreasing YoY, and imports climbing on record Oil prices.
* US unemployment at 4-year highs

The knee jerk reaction by central banks is to man the printing presses and hit the accelerator. And whilst this medicine has worked well over the last 25 years, Central Banks are now hitting a brick wall that they havent encountered since pre-Keynesian 1930s.
Freshly minted fiat currency is falling into the hands of a crippled banking sector with little capital, ability or desire to carry out the multiplier effect and make loans to real people in the real economy. In a debt laden global economy with no reverse gear this headwind is possibly the biggest threat the Federal Reserve and its ilk aka the establishment have ever faced in carrying out monetary policy

Point #1 Gold investors are well aware of the risks inherent in the current financial system.

The beauty of capitalism and the associated free movement of capital is that smaller more focused entities aka Hedge & Private Equity funds can and are rapidly moving into long held banking preserves.
* Direct lending to mid and small cap entities is now a well worn hedge fund territory.
* Extracting value through Shareholder activism.
* A much larger pool of capital available for short selling.
* Private Equity funds increase investment time horizons.
Highly secretive and operating out of non-transparent domiciles these entities are by and large out of the reach of the central banking system.

Point #2 Hedge Funds and Private Equity Funds do not benefit from Fed handouts and would be better served by a currency that acts as a stable store of wealth: Gold!

The transfer of the financial system is akin to the explosion of information on the internet. The players that used to have a monopoly on information become less effective. There will be winners and there will be losers. But right now a bet on Gold Investments like Gold Stocks and Gold ETFs is a bet against the Establishment and the out-dated mega-banking system.
Slower growth will continue to cause problems for financials as bad debts soar, and as a result Gold investments will continue to propel higher in its multi-year Secular trend.

Short-Term Opportunity

The above trend stretched too far technically over the last 3-months and there has had a rapid reversal over the last 2 weeks. This is a technical pullback only and the above fundamentals have not changed. Theres more to come in this fundamental story and Gold investments (we use GLD gold Exchange Traded Fund) and we could be getting close to another buying point for gold soon

Gold Investment GLD Fund Prices - $85 is strong support as a confluence of lateral support and the 50-week Moving Average converge. Its just a matter of time before we have another entry point to add to our positions and or make another profitable gold investment.

ForexGen consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership.

ForexGen Services | Forex Market

ForexGen Services Now the attention of traders is focused at meeting of the Organization of the countries-exporters of petroleum coming on Tuesday /OPEC/ which results can set a direction for the market Download ForexGen Platform who achieve decrease in volumes of extraction after this spring the kingdom has started them to increase.

Forex Gen Broker The prices of futures for a crude oil have fallen last week, despite hurricane Gustav who on Monday has reached American coast of Gulf of Mexico rich with petroleum. ForexGen Institutional Tools The management service mineral resources of the USA has informed on Thursday that the oil recovery in a gulf is stopped on 95,2 %, because of a storm though on significant damage of petroleum platforms it was not informed.

Forex Gen Broker Oil refining factories of Louisiana have gone through a storm, but many of them are stopped because of power cutoff. The crude oil price has decreased on Nymex on 27 % from the absolute maximum established at the auctions on July 11.

In the meantime, ForexGen Customer Indicators in Atlantic Ocean, ForexGen Enterprise Accounts there was a new potential threat for the petroleum market - hurricane Ike who on Thursday has reached capacities /was extremely dangerous/ hurricane of the fourth category with the maximum speed of a constant wind of 232 km/h, has informed on Thursday the National centre of studying of hurricanes of the USA..

How to Trade Currencies With Less Risk | ForexGen

Testing out currency pairs is the cornerstone of forex trading. To do this a plan must first be kept in place. The use of the plan allows the trader to examine which currency pair reacts the best and allows for higher profits. For example, if USD/CHF, GBP/USD and EUR/USD were tested using the plan, and the results showed that USD/CHF had reacted positively, this currency pair is concentrated on more than the others.

The first rule of trading currencies is to never enter into a trade without researching on it. The forex market is based around researching the market and analyzing the different currency pairs available to exchange. It is recommended that each trader have a plan in place before entering the forex market. However, each plan must be tested before entering the market. This can be done through demo accounts.

Another rule when it comes to trading currencies is to never trade a currency pair which the trader does not know about. Trading involves many risks. As well as that, it is understandable that there are many currency pairs available to trade with that it may be overwhelming. However, it is not advised that a trader just pick any currency pair to trade with. High amounts of money can be lost through this form of thinking. By pre-testing currency pairs, it allows the trader to have a fair idea of how each one works. Thus, going for predictable currency pairs is always the best option.

Each currency pair reacts differently to outside influences. For example, some currency pairs can be effected by government deficits or surpluses, whilst others won’t be greatly effected by it. Fundamental analysis allows a trader to determine which currency pairs are effected and which one’s aren’t. Each pair is unpredictable in their own way. Thus, by using the information found through fundamental analysis and testing out currency pairs in demo accounts, a trader can get a fair idea of each pair reacts in certain situations.

Technical analysis is also a major key to testing out each currency pair. It has been shown, through vast amounts of research, that some currency pairs differences can be found more easily then others through technical analysis. For example, through moving averages, money flow index’s and relative strength index’s. However, finding these differences through technical analysis is not an easy thing to do. Only experiences traders are able to find the little differences.
Since each currency pair is different, it is up to the trader to find the one that suits them best. The currency pair that is chosen, should allow them to meet their goals when it comes to the forex market. As well as that, it should suit their personality and the situation that they are in. For example, a trader that only does trading as a side-job. This would limit the amount of time they can spend on the forex market. Thus, they would need a low-risk currency pair, which doesn’t need constant surveillance and is fairly predictable.

The use of a mentor can also help a trader. The mentor can examine a trader and their personality and based on their years of experience and judgment skills, can give educated advice to the trader.This article has shown the importance of developing a plan when it comes to trading currencies. As well as that, ways in which each currency is different and how they can be effected by outside influences.

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