Forex Trading

KARACHI: State Bank said that the long-term investment facility for the furniture and pharmaceutical sectors� plants and machineries could be availed of. State Bank of Pakistan (SBP) has decided that the plants and machineries for export items projects in furniture and pharmaceutical sectors in future would be entitled to avail of the facility available under long-term investment. SBP has issued directives to the chiefs of all the banks and development financial institutions to this effe ...

KARACHI: Cotton market trading activities remained insignificant, as like other sectors of the economy hit by the political situation in the country, further aggravated on long march and sit-in that led to the requisition of containers inflicting billions of rupees loss to the textile industry and exporters, who could not ship their cargo. The traders preferred remaining cautious, but the market pundits hope that with the change in situation on restoration of CJ Iftikhar trading activities would gradually pick ...

KARACHI: Stock markets in the country also went boom, boom, following the wave of jubilations and the brightening possibility of a new era of peace and prosperity on the historical decision of the government leading to the restoration of all deposed judges. The bourses at the very onset shedding all fears and apprehensions went upbeat, as the traders hailing the government decision leading to the restoration of judges went on jolly good trading, which sent the largest sock market in the country KSE in positive zone, while the KSE-100 index was seen persistently recoding gains, which saw it at one moment surging by over 300 points and breaching the 6000 psychological barriers. KSE all registered ...

SINGAPORE: World oil prices retreated in Asian trade Wednesday after topping a two-month high above 49 dollars overnight on concerns over weak global energy demand amid the economic downturn, analysts said. New Yorks main futures contract, light sweet crude for delivery in April, fell 65 cents to 48.51 dollars a barrel in morning trade. It had jumped 1.81 dollars in New York trade Tuesday to close at 49.16 dollars after hitting 49.82, its highest level since January 6. Brent North Sea crude for May delivery was down 47 cents to 47.77 dollars. The April contract expired Monday at 43.98 dollars. "Demand is still the key. Yet we still have to see the demand for oil and natural gas increase before ...

LONDON: The restoration of judges is a positive step taken due to the presence of the democratic government. Following restoration of judges in Pakistan, Moody�s Investors Services� analyst, Ananda Mitra in his report said that it would be premature to say how far the restoration of judges would bring about political harmony in the country. The report said that Pakistan could also witness fall in foreign remittances and foreign investment due to global downturn, however Pakistan could benefit from the long-term investment strategy of the Chinese and Gulf States� investors. The report further said that political instability could further aggravate Pakistan�s economic situati ...

TOKYO: Japans premier launched a week of crisis talks on reviving the worlds number two economy, which a government report warned remained "in a severe situation." Prime Minister Taro Aso convened a panel of experts to gather ideas for a new stimulus package that, according to media reports, may total about 20 trillion yen (200 billion dollars). Finance Minister Kaoru Yosano and 83 experts were set to take part in the talks, which will run until Saturday on themes such as the environment, social security and employment. The boost would come on top of two earlier stimulus packages worth a total of about 50 trillion yen, including a two-trillion-yen cash handout to the public and other non-spending ...

Looking at recent situation it’s difficult to see if we can still take US Treasuries as the risk-free assets or not. Apparently the safe-haven position that has advocated the world’s most liquid currency for almost 8 months currently is beginning to confront struggle. Growth predicts for the US keep on reducing as policy attempts dropped short of a consumer and credit-led force in economic movement. On the contrary, the FX market’s distinctive high yielders are in fact finding economic projections that indicate a fast revival. It is making these currencies gainful for both their sound fundamentals and relatively high return. But sentiment after expansion projections and sentiment according to ...

In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to ...

US dollar price action was mainly to blame for much of what occurred over the forex markets on Wednesday, as the DXY index at last broke under severe trend-line support, indicating the currency is officially spinning below. There was not much in the way of fundamental news for the US, but that is going to be different on Thursday as the Commerce Department is predicted to reveal that US retail sales drop negative for the 7th time throughout the last 8 months in February, as worsening labor markets, tight credit situations, and a year-long depression influence badly on the minds of consumers. More particularly, advance retail sales are expected to have contracted 0.5 % throughout the month, and ...

March 18 (Bloomberg) -- The Bank of Japan will increase its purchases of government bonds from banks in addition to extending subordinated loans to lenders as it widens efforts to counter the deepening recession. The central bank will buy 1.8 trillion yen ($18.3 billion) of government debt each month, up from 1.4 trillion yen, it said ...

LAHORE: Economists hope now that the political temperatures have cooled down the government would shift its attention to reviving economy. They say that the do nothing and hope for the best approach has put the economy in recession. Factors including high interest rates, inflation, energy cost, falling exports, falling rupee value and rampant corruption need immediate government attention, economists say. All these factors are inter related. Reining in inflation, for instance, would lower interest rates and commodity rates. Boosting exports would stabilise the rupee and reduce current account deficit. Senior economist Naveed Anwar Khan, FCA, says that the type of inflation prevailing in ...

LONDON: Oil rose above $48 a barrel on Tuesday, testing the top end of a trading range it has held so far this month, ahead of United States inventory data expected to show a build in crude oil stocks. Data from industry group the American Petroleum Institute (API) at 2030 GMT will be closely watched later on Tuesday as a preliminary Reuters poll showed analysts forecast a 500,000 barrel increase in domestic crude stocks last week. US light crude for April delivery rose $1.13 to $48.48 a barrel by 1638 GMT. The contract had settled $1.10 higher at $47.35 on Monday. April crude oil options expire at the end of the day trading. London Brent crude added 82 cents to $47.28. Oil prices are ...

KARACHI: Industrialists have urged the government to immediately install rental power plants in order to properly deal with the energy crisis, which is hampering industrial production in the country. The government should immediately bring in rental power systems and provide electricity for the energy starved industry, otherwise coming summer would be very fretful for both commercial and domestic consumers. Naeem Ilyas Khanani, patron in chief and founder chairman of Port Qasim Association of Trade and Industry (PQATI), told The News that current shortfall of 500 megawatts in the city owing to the closure of Bin Qasim power plant, made the industry suffer a lot. He said the Karachi ...

ISLAMABAD: Islamabad will take up with US authorities concerned the reimbursement of $1.2 billion war against terror bill borne during May, 2008 to March, 2009, on the sidelines of IMF Executive Board meeting due in Washington from March 25 to 27. Advisor to Prime Minister on Finance Shaukat Tarin told The News in an exclusive talk: we will ask the US administration to immediately clear the dues amounting to $1.2 billion (Rs 95 billion). Tarin said, Pakistan is experiencing financial constraints and if the said amount gets reimbursed, Pakistan would be at ease to achieve the target of 4.2 percent fiscal deficit set under the IMF bailout package. Coming to IMF Executive Board meeting, he ...

BEIJING: China's foreign exchange reserves, the world's largest, fell by about $30bn in January, partially due to a drop in the value of non-dollar assets, Chinese media reported Wednesday. The report in the China Business News, which cited an unnamed source, did not specify the size of China's foreign exchange reserves at the end of January. China's foreign exchange reserves stood at $1.95 trillion at the end of last year. The central bank is scheduled to release quarterly figures of reserves in mid-April. China's foreign exchange reserves fell $25.9bn in October, the first drop since December 2003, according to earlier reports. China is believed to have invested the bulk of its reserves in ...

The US trade gap shrank by almost 10 per cent in January to the lowest level for six years, as Americans’ once voracious demand for the world’s goods was further eroded by the recession.Consumer confidence in the US is lingering near a 28-year low, according to a separate survey on Friday, though it looks to be stabilising after months of shuddering declines.Both imports and exports fell for a record sixth consecutive month as global trade declined, but imports tumbled faster at 6.7 per cent. Led by the lowest level of foreign car imports since 1998, the trade deficit shrank to $36bn; most economists expected a less dramatic decline to $38bn.An 18.5 per cent slide in the value of oil imports ...

Sun Microsystems Inc. surged in German trading after the Wall Street Journal reported International Business Machines Corp. is in talks to buy the company for at least $6.5 billion. Sun Microsystems jumped as much as 61 percent to 6 euros at 9:12 a.m. in Frankfurt. The offer would value Sun’s stock at more than double the closing price of $4.97 in the U.S. yesterday, the Wall Street Journal reported, citing people familiar with the plan. An agreement may not be reached, the newspaper said. An acquisition of Sun Microsystems would bolster IBM’s Internet, data storage, government and telecommunications business, the newspaper said, citing the people. In recent ...

March 18 (Bloomberg) -- Federal Reserve policy makers will likely determine today that the U.S. recession is still deepening, while clashing on what to do about it. Officials will debate how to provide further stimulus to the economy, from purchasing more mortgage bonds to buying Treasury securities. They’ll also keep the benchmark interest rate as low ...

March 18 (Bloomberg) -- A $1.3 billion package of securities backed by Nissan Motor Co. auto loans became the first small piece of what Federal Reserve officials say may grow into a $1 trillion effort to unfreeze business and consumer lending. Nissan’s planned bond sale marks the debut of the Fed’s Term Asset-Backed Securities Loan Facility, or TALF. The securities will likely price on March 19, the deadline for investors to apply to the Fed for loans to buy the debt, according to a person familiar with the sale who declined to be identified because terms aren’t set. The Obama administration is counting on the TALF plan to help end the credit crunch and recession, ...

The New Zealand dollar propelled to the monthly high against the U.S. dollar today, rising for the second day, as the stock marked continued to grow globally, improving the appeal of the higher yielding currencies. The Australian counterpart of the NZD also rose today against the other major currencies but not at such a fast pace as the New Zealand dollar. The commodity price also went up significantly yesterday, increasing ...

March 18 (Bloomberg) -- China rejected Coca-Cola Co.’s $2.3 billion bid for China Huiyuan Juice Group Ltd., saying the biggest foreign takeover of a Chinese company may stifle competition in the country’s drinks market. The Ministry of Commerce said it blocked the deal because it may lead to a “dominant position” for Coca-Cola, limiting competition and ...

Forex is a market where exchange of one currency with another currency takes place. It’s the market which provides accessibility and liquidity to the traders to buy and sell one foreign currency in exchange of another. Forex traders seek profit in buying currencies low and selling them high. This kind of trading became more popular with the widespread of the on-line Forex brokers. There is a lot of information available about Forex on the web. However there also many myths surrounding the foreign exchange market: Forex trading is easy. Many people that want to dive into the world of the foreign exchange market believe that the Forex trading is easy — you just read a book or two and then ...

The Australian dollar reached the new monthly maximum the Japanese yen as the stock markets signaled growth for a third day on improved earnings of the banks. The currency experienced a minor decline during the day as the markets reacted on the RBA minutes stating the necessity of the further interest rate cuts. But then the growth followed. The Aussie also fell against the New Zealand dollar as the gain in commodities ...

The Great Britain pound declined against the other major currencies today on speculations that the employment report that is scheduled for the release today will show that the situation with labor market is worsening. Despite the continued gains on the global stock markets and the elevated interest for the high-yielding assets, the pound sterling fell for the first day in five against the Japanese yen and continued its ...

...

Forex Auto Trading is a fantastic way to trade for people who have too many emotions or can not be in front of their computer all the time. Autotrading will give you the freedom to test as many robots or EA’s as you wish without risking a dime. We will go over some Auto trading robot’s and find the ones that work. Trying to figure out which autotrade method will work for you may take some time, so you will need to be very patient and not get discouraged. The creation of demo trading allows us to test as many autotrading methods that are available to us, which is a fantastic thing. Six Auto trading Methods that come to mind Scalping auto tradingBreakout Auto tradingPivot Point tradingFibonacci ...

(CEP News) - Alternative monetary policies will only be deployed if deflation pressures were to mount in euro zone countries, Bundesbank President Axel Weber said on Thursday.In a press conference with reporters in Frankfurt, the central banker said the European Central Bank plans to continue with its extraordinary liquidity-providing operations for now and will consider further action if things get worse. For now, the ECB continues to have room to cut rates further if needed, he added.His comments mirror those made by European Central Bank President Jean-Claude Trichet on Thursday who, after cutting rates 50 bps to 1.50% as expected, explicitly said alternative policies are being considered ...

The U.S. dollar rose against the the Japanese yen and the Australian dollar today as the investors sought the safety for their funds after the yesterday’s optimism vanished on the bad report for the Australian fourth quarter GDP change. The dollar went up against the yen for the second day today and also gained for the fourth day against the euro. It looks like the Japanese yen has lost its status of the «safe haven» ...