Trading currencies

The big question I've been

Popular currency pairs Let’s look at an example currency bet. Take the GBP currency pair again. While the pound might strengthen against the dollar over a period of a month, from 1.507 to 1.543, this is only a 36 point change. If you were trading using a financial spread betting account, at £2 per point for example, you would still only have made around £72. Luckily spread betting companies quote fractional changes to the currency rate, one decimal point further to the right. This means you might see the GBP/USD price move between 1.5442 and 1.5581 in a single day. Now you have a daily trading range of 139 points, much more attractive from a spread betting point of view. Take that out to a month, and there could be a move of 300 points or more, up or down (depending on which side of the trade you are supporting). As with other products made available by spread betting companies, currencies have spreads — in other words, the difference between the buy and sell price. They also have varying margin rates. The narrower spreads tend to be with the more liquid currencies. These are the currencies that are bought and sold in big volumes globally, also known as the currency majors. These include the US dollar, the world’s de facto reserve currency,

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Polls say the economy is heading in the wrong

2010-04-09 18:50:04 by FuriousGeorge

Direction.
Markets say it's back on track. This time, the markets are right
Why the Obama Plan Is Working
Polls say the economy is heading in the wrong direction. Markets say it's back on track. This time, the markets are right
By Mike Dorning
It's never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The U.S. has been through a historic financial crisis followed by a historic election and a series of historic federal gambles—from bailing out AIG and GM to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught ("You lie," "Babykiller").
A Bloomberg national poll in March found that Americans, by an...

As I said the end is near folks = just in

2009-10-21 17:30:11 by highcaffeine

Dollar's fall renews fears of higher oil prices
By MARTIN CRUTSINGER (AP) – 56 minutes ago
WASHINGTON — Hitting a 14-month low against the euro, the sinking dollar renewed concerns Wednesday about higher oil prices and other inflationary threats.
A lower dollar can help U.S. manufacturers by making their exports cheaper for foreigners to buy. It also benefits factories in China, which pegs its currency to the dollar. But a weakening dollar hurts European businesses because their goods become relatively more expensive.
Since early March, when the dollar hit a high for the year against the euro and other major currencies, it has declined about 12 percent against a basket of major currencies.
On Wednesday, the dollar's value against the euro fell below the...

Emerging-Market Currencies, Debt Flat  — Wall Street Journal
Earlier in New York trading, currencies saw some turbulence when the head of Spain's Catalonia region called for the central government to accelerate plans to share responsibility for regional debt because of increasing difficulties the regions face to …

China, Japan begin directly trading currencies  — Deutsche Welle
China's efforts to turn promote the yuan as an international currency have been boosted as direct trading with Japan's yen has begun. The move ditches the US dollar as an intermediary currency. Direct trading between the two countries' currencies was …

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