Yen Gains versus Euro on Stocks Decline | ForexGen Magazine

The Japanese yen gained against the euro and other currencies on the Forex market today, making this week the first bullish one since May, as the stock markets declined world-wide spurring sell-off on the carry trade market.

Stock markets declined yesterday in the United States and Europe and continued to fall in Asia today. Such financial environment is considered to be very unattractive for the Forex carry trades, but it proves to be beneficial for the Japanese yen.

The euro is a distinct loser among the major currencies against the yen this week. While other currencies managed to show at least two days of growth against JPY during the last 5 days, euro rose only on Monday and its gain was minimal.

The Japanese yen gains not only from the decline in carry trade popularity but also from the weakness of the euro and other currencies. Recent economical reports from the Eurozone showed that while there is still some room for the rate increase, the consumer and business climates are worsening there.

EUR/JPY declined from 168.38 to 167.76 as of 8:10 GMT today with a weekly drop started from 169.41 — the first bearish week since May 4-8. USD/JPY went down from 107.38 to 106.92 today; GBP/JPY decreased from 213.29 to 212.49 with a daily low at 211.58.

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Dollar Falls vs. Euro, Yen on Recession Fears | ForexGen

As the investors feared that the U.S. financial institutions will continue to lose on the credit crunch and the oil prices rose, the U.S. dollar declined from its local maximums against euro and yen.

The U. S. currency fell for a second day against the euro and for the first day against the Japanese yen after the Federal Reserve Bank of Minneapolis President Gary H. Stern said that the U.S. credit crisis will get even worse soon. Dollar declined even against the Great Britain pound today despite the poor dynamics of the pound against other currencies.

As the financial sector is still far from its normal state, the Fed won’t be able to raise the interest rate soon. The lack of traders’ confidence in higher rates prevents dollar from going for any significant bullish rally on Forex.

Gary H. Stern in his interview for the Financial Times forecasted that the crisis will probably last for a year or even more. The current easement isn’t a recovery, it’s just a small pause in a far more dangerous financial environment according to Federal Reserve Bank of Minneapolis President.

USD/JPY fell from 107.87 to to 107.45 as of 15:23 GMT today; but before decline this currency pair reached it’s highest value since June 26 at 108.07. EUR/USD rose from 1.5697 to 1.5753. GBP/USD went up from 1.9910 to 1.9944.

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Building Approvals Slump in New Zealand | ForexGen Signals

The New Zealand dollar fell significantly against the other currencies today after the release of the report that showed that the home-building approvals in the country declined to the lowest level in almost 22 years in June.

According to a report released yesterday at 22:45 GMT, the approvals fell 20 percent compared to May to 1,337 on a seasonally adjusted basis. That’s the lowest reading for this indicator since October 1986. Excluding apartment units the approvals lost less — only 13 percent comparing to May.

Economy of the New Zealand declined in the first quarter of 2008 and many economists expect it to fall in the second quarter too. With the falling housing sector, the output will also decline as the construction is a crucial part of the economy.

The declining home construction will lead the central bank to the further rate cuts. Reserve bank of New Zealand has already cut its rate from 8.25 to 8 percent this month. Many investors expect at least one more cut by the end of the year. With the recent housing report some traders will bet on more than 0.25 percent cut.

NZD/USD declined from 0.7446 to 0.7404 as of 8:54 GMT today. NZD/JPY went down from 79.99 to 79.68. Australian dollar felt much better than Kiwi and the AUD/NZD currency pair rose from 1.2844 to 1.2908 today.
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ForexGen Trading Strategy - How To Achieve Success With Forex Trading

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

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Learning Forex trading strategy is not a simple task, but in no way it is difficult either. Forex trading is all about regulation, willpower and determination. Leveraging your strength could be extravagant by organizing the apt trading strategy. Forex trading strategies are the key to successful trading or online currency trading. A knowledge of these trading strategies can mean the difference between a profit and a loss and it is therefore imperative that you fully understand the strategies used in trading.

Forex trading is very different from trading in stocks and using strategies will give you more advantages and help you realize even greater profits in the short term. There are a wide range of trading strategies available to investors and one of the most useful of these trading strategies is a strategy known as leverage.

This strategy is designed to allow online currency traders to avail of more funds than are deposited and by using this strategy you can maximize the trading benefits. Using this strategy you can actually utilize as much as 100 times the amount in your deposit account against any trade which will make backing higher yielding transactions even easier and therefore allowing better results in your trading.

The leverage strategy is used on a regular basis and allows investors to take advantage of short term fluctuations in the market.

Another commonly used strategy is known as the stop loss order. This strategy is used to protect investors and it creates a predetermined point at which the investor will not trade. Using this allows investors to minimize losses. This strategy can however, backfire and the investor can run the risk of stopping their trading which could actually go higher and it really is up to the individual trader to choose whether or not to use this forex trading strategy.

An automatic entry order is another of the forex trading strategies that is commonly used and this strategy is used to allow investors to enter into trading when the price is right for them. The price is predetermined and once reached the investor will automatically enter into the trading.
All these forex trading strategies are designed to help investors get the most from their trading and help to minimize their losses. As mentioned earlier knowledge of these strategies is vital if you wish to be successful in trading.

Take the time to actually understand the forex trading strategy. Study the components independently so a deeper understanding of the strategic mechanisms would be mastered. If you recognize the components, internalize its use, and make consistent profits into your trading account, then you have your own Forex trading strategy. It does not really matter what the professionals say, your account balance is the final judge and judges for your strategy.

Forex Trading System - Becoming A Global Phenomenon|ForexGen

Forex trading is finding an increasing number of takers all over the world these days. It is a truly global phenomenon that is happening in the largest market in the whole world. There are many other sectors that are involved with trading. Typically these sectors include individuals, corporations, governments and banks. You need to have at least a basic understanding of the working of the forex trading system and these sectors before you deal with trading on your own. The entire trading system though is simple enough to explain. It is to put it in a nutshell, trading one currency for another currency. Although this is the actual case, the entire forex trading system operates in a much more complex manner.

One of the reasons for the complexity of the system is because of the size of the market. The forex market is truly massive. Added to this is the fact that this huge market is also highly fluid. The complexity also increases manifold since there are hundreds of currencies that are being traded. This apart the values of all these currencies that are being traded constantly keep changing, adding to all the confusion in learning the system. It is because of all these complexities that when it comes to forex trading, most of the times, it is the large corporations that are successful and not individuals.

Forex trading is truly unique in it s own way. This is so because literally noone has access to all the prices of currencies and other information at the same time, unlike in the case of the stock market. There are in fact various levels of access to information that is usually given to forex firms and forex traders. Although the entire system is quite complicated it is here to stay for a long time, at least until the highly unlikely scenario of the whole world adopting a single currency. It is for this reason that experienced forex traders always advise people to set up a forex trading system through a trial and error method and then stick to it.

Another important thing that you need to know about forex trading is that you will get knowledge about the system only when you have gained enough practice. This is the reason why savvy forex traders always recommend beginners to begin trading with smaller accounts before graduating to bigger accounts, over a period of time.

ForexGen 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.

Some Words and Some Knowledge Regarding the Foreign Exchange Market| ForexGen Tips

Whether you call it Forex or Fx, you are talking about the Foreign Exchange market. This is where the trading of currencies, one against the other, is done. To have an idea just how big the action is, add all the stock exchanges in the world together and the Foreign Exchange will still be bigger!

When you consider that various speculators, hedge funds, governments as well as companies, plus countless private investors who take part, it is hardly surprising that this market is so strong and that the estimated daily average turnover of the foreign exchange market is over 3 trillion US Dollars.

With London, New York, Tokyo, Frankfurt and Sydney as the chief trading centres, the action hardly ever closes.

The spot rate, is by far the most asked for. This transaction has to be settled within two business days.

Bid, refers to the price at which the buyer is prepared to buy the currency. It is like when you are at an auction and you are putting your hand up to say you are willing to purchase something at that price.

Offer, means the price at which an amount of currency the seller is ready to sell.

Limit order, is when you give instructions to buy or sell a currency at a predetermined exchange rate.

Inter bank rates, means the bid and exchange rates when international banks buy and sell between themselves.

Spread, is the difference between the bid and ask price of a currency.

Stop loss, is when an order is given to purchase or sell a currency at a price level set by the client on a particular trade which if reached, will close out the particular position at the stated price.

Transaction date, is the date on which a foreign exchange trade is being done.

Settlement date, is the date which foreign exchange contracts settle.

Cable, is a name given to the US Dollar/British Pound rate in the foreign exchange market.

EFT, is the Electronic Fund Transfer which is the transfer of money between banks.

Every currency has a three letter code such as for the Euro (EUR), for the British Pound (GBP), for the US Dollar (USD), for the Japanese Yen (JPY), for the Australian Dollar (AUD), for the Swiss Franc (CHF), for the Canadian Dollar (CAD). Actually, these are the major trading currencies and all commonly traded currencies are called the majors.

When there is a quote in currency pairs, remember that the first currency is called the base currency. The second currency is called the counter currency. As an example when you get a quote GBP/USD at 1.96 it means that for one GBP you will get 1.96 USD. So for ten thousand pounds you will get nineteen thousand six hundred US Dollars.

The many foreign currency exchange companies which you can find on the internet will gladly give you a quote, and by phoning around you can find the best currency rates. They will be better than a high street bank is likely to offer and they will give you a very fast service. Furthermore, most of them will not charge you any commission or the cost of the electronic bank transfer.

Best Forex Trading Methods for Beginners| ForexGen Tips

When you are just beginning to delve into the possibility of getting into investments that involve trading currency, you probably don”t know a lot of things that you need to know. This means that you will need to engage is a process of learning a few basic things about Forex trading if you plan on being successful with your ventures. Here are some examples of Forex trading methods that you will need to learn about in order to achieve a decent return on your investments.

One of the first things you should understand is how to select currencies for trading. There are actually several factors that go into qualifying a currency as a possible trading device. From this perspective you will do well to align yourself with a broker dealer who can take the time to help you learn the right way to research an investment before you actually submit an order for execution. Learning from your broker dealer is one of the best ways to get a handle on how to go about making solid trades and realizing a profit.

Along with learning proper methods to research a currency before submitting an order, beginners may also want to learn how to track an existing order. Understanding how to monitor the growth or lack thereof that is associated with a current investment is essential if the investor is going to understand when it is time to sell the currency and invest the resources in a different order. The ability to analyze performance and understand what is happening is essential if you are to have any future as a trader in the Forex market.

Just as you need to be able to research the past and monitor the present, it is also essential that you learn methods that help you to project performance of a given currency. To a degree, this is based on the historical data that you have already learned how to accumulate as part of your basic evaluation of the trade. At the same time, taking that information and plotting a projected course for that currency over the next week or month is important. By learning how to make qualified projections, you will be much better equipped to forecast a realistic vision of what will happen, which will help you know when to pull out and move on to a new investment.

Learning the basic methods involved with researching, monitoring, and projecting data related to a given possible Forex investment is key to becoming a trader who makes a substantial return on your trading activity. Make it a point to learn these fundamental methods before you actually begin trading, and you will avoid making a number of costly mistakes at the beginning of your trading career.

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Forex Gen Academy is very similar to a stock broker, and many new online Forex brokerages have recently emerged. Download ForexGen Platform to see the key difference is that Forex brokers deal only in currency exchange investments.

ForexGen Services is similar to securities brokerages, Forex brokers come in all sizes, shapes, and levels of service. An online Forex broker provides minimal service at minimal cost.

If you 24\7 live chat so that you require more advice and expert guidance, there are many full service Forex brokers available, as well. If you do go with an online broker, make sure that you choose one that has an extensive online knowledge base and 24/7 live support so that you can execute all trades wisely, and quickly.

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