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Forex Junction
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iPunter
Supreme |
26-Jul-2008 13:51
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Has anyone used Forex Assassin (click here to read the sales copy) yet? |
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iPunter
Supreme |
25-Jul-2008 17:33
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It's good to hear Jie-jie talking about currency for a change... hehehe...
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singaporegal
Supreme |
25-Jul-2008 10:15
Yells: "Female TA nut" |
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NZD just crashed yesterday because of rate cut. I hope there isn't anyone that bought into NZ fixed deposits here. |
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cashiertan
Elite |
23-Jul-2008 22:11
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I wonder when are u going to stop cheating ppl.... Serious froex trader ALL knows that Central banks stop buying and selling their currency to move their currency direction long ago...
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singaporegal
Supreme |
23-Jul-2008 21:50
Yells: "Female TA nut" |
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Anyone taken a look at the AUDNZD cross? It's been on a strong uptrend for the past few months. Fundamentals are supporting this too. There's speculation of a rate hike in Australia and a rate cut in NZ. |
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iPunter
Supreme |
23-Jul-2008 16:23
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I read somewhere Central Banks' actions to prop up their currency may just cause a tiny temporary rally... the whole market is too big... Baseer... :) Your post is very good... 
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cashiertan
Elite |
22-Jul-2008 22:06
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@2trillionand more. this exclude the black market money flowing illegally daily which is another trillion or so. in the 90s and early 2000s. the europe and japanese govt lost billions to try to push up the us dollars.. hence they have stop doing so and tried to move the market by "news" and interest rates manipulations. |
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trader88.sg
Veteran |
22-Jul-2008 21:22
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True. It is like one nation fighting against the whole world. That's why some countries resort to pegging their currencies against you-know-who.
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singaporegal
Supreme |
22-Jul-2008 21:07
Yells: "Female TA nut" |
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The forex market's daily trading volumes is around US$2 trillion (I got this from a book!). I doubt Central banks can have much control over exchange rates. Even if so, it would be extremely expensive to do so.
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iPunter
Supreme |
22-Jul-2008 00:28
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I believe they can and do prop up their own currency by buying systematically...
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trader88.sg
Veteran |
21-Jul-2008 23:00
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How much can central bank manipulate the currency?
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CWAIPENG
Member |
21-Jul-2008 22:34
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Shortcoming is: Market Manipulation by Central Banks |
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singaporegal
Supreme |
21-Jul-2008 15:35
Yells: "Female TA nut" |
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Hi iPunter, I'm still practising so it still doesn't warrent multiple screens. haha...
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iPunter
Supreme |
20-Jul-2008 11:48
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Elfin... :)
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iPunter
Supreme |
20-Jul-2008 11:31
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Singaporegal... :) I am also now learning the ropes in fx... Have you set up multiple screens/displays yet for your trading activities? |
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singaporegal
Supreme |
20-Jul-2008 10:24
Yells: "Female TA nut" |
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I've been doing paper trading for a few weeks now. I want to compare notes with others more experienced than me in Forex. What indicators do you use that you find useful? What time frame do you trade in (30min, 1 hour, 2 hours, daily etc..) ?? |
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iPunter
Supreme |
19-Jul-2008 00:18
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Asleep... :) I only browse the POEMS futures/forex sections while using the stocks platform... It is all accessible from the same interface... | ||||
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trader88.sg
Veteran |
17-Jul-2008 17:08
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Business Times - 17 Jul 2008 Sovereign funds cutting exposure to dollar: report SYDNEY - Some of the world's largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency, the Financial Times reported on Thursday. The report said a large sovereign fund in the Gulf had cut its dollar-denominated holdings from more than 80 per cent a year ago to less than 60 per cent, but gave no source. The FT also said China's State Administration of Foreign Exchange (SAFE) had been looking to strike deals with private equity firms in Europe as a part of a plan to reduce its US dollar holdings, citing people familiar with the matter. The shift at China's SAFE, controlled by the central bank, was significant because it manages the bulk of the country's fast-growing foreign currency reserves. The FT report said SAFE had been holding talks with Europe-based private equity firms about putting billions of dollars into their latest funds, precisely because these funds are not dollar-denominated. By allocating money to Europe-based private equity firms, SAFE could diversify away from the dollar, at least at the margin, without unnerving the currency markets and driving the dollar down in a disorderly manner, said the FT. In addition, SAFE is encouraging the private equity firms with which it has relationships to make investments in natural resources companies in markets outside the United States, in part to hedge its exposure to the dollar, said the report. A SAFE official declined to comment when contacted by Reuters. Last year, China launched a US$200 billion sovereign wealth fund, China Investment Corp (CIC), to earn greater returns on part of its foreign exchange reserves, which swelled by US$126.7 billion in the second quarter to a record US$1.81 trillion. Other countries have done the same. The dollar dipped after the FT report, though analysts believe that central banks and sovereign funds have been trying to limit their dollar exposures gradually and for some time. 'That's something that's been happening over the course of time, there's been a supply of dollars on any given rally,' said Rick Lloyd, head of G10 currency trading at ABN AMRO in Singapore. 'The dollar just seems to be getting pushed around in the backwater of flows in other markets at the moment,' he added. Sean Callow, currency strategist at Westpac, said it was unclear whether Asian central banks had ventured to sell dollars from their existing reserves, or had just diversified newly accumulated reserves to avoid sending the dollar into a nosedive. 'The question we would have is does this apply to incremental reserves or existing holdings, but either way, it's hardly surprising as central banks would only be prudent to diversify into different currencies,' he said. The dollar bounced on Wednesday after US financial shares rallied and a high inflation reading seemed to rule out any further cut in US interest rates. -- REUTERS |
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asleep
Member |
17-Jul-2008 08:49
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Hi ipunter, Do you trade forex spot or futures using poems? From what I read at their site, they do not give you the swap rates (not on the website), so you will have to call your representatives. They do not show their spreads for different pairs and they do not state if they charge commission for each trade as well (like ECNs). Their leverage is low as well. 2-4%. Why do you trade with them? |
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iPunter
Supreme |
17-Jul-2008 08:08
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Basically this service , is for 1:1 hard cash currency deals only. |
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