South Korean Manufacturers Feel Confident, Won Jumps

The South Korean won climbed today as nation’s manufacturer confidence jumped to the nine-month high and hopes for growth of the US economy boosted prospects for higher-yielding assets of emerging markets.

The Bank of Korea reported that the index of South Korean manufacturers’ outlook for May climbed to 90 from 85 for April, reaching the highest level since August 2011. The index for non-manufacturing sector expectations was up from 82 to 85. The won also gained as the growing US economy is expected boost demand for exports from emerging markets.

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US Dollar Index Recovers Somewhat as Other Majors Show Vulnerability

US dollar index is recovering somewhat today, thanks to vulnerability shown by some of the other majors today. Once again, the euro is showing a degree of weakness in forex trading, as is the pound. The yen, however, is higher against the US dollar today as a measure of risk aversion makes an appearance.

A lot of what is helping the US dollar today is based around the idea that perhaps the Federal Reserve‘s recent announcement about quantitative easing isn’t so bad. Many point out that it makes sense to keep QE3 on the table as long as the US economic recover is sluggish. However, it doesn’t mean that it will be used. As a result, some are rethinking their dollar selling toward the end of last week.

Additionally, with the eurozone back in the spotlight, the euro is faltering again. The upcoming ECB meeting is raising fears of a rate cut. With the eurozone economy slowing and heading toward recession, there is an expectation that the ECB might cut rates in order to give the flagging economy some help. In Britain, the outlook continues to be disappointing as well, and focus on PMI has some cautious.

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Won Drops vs. Euro on Threat of Economic Slowdown in Asia

the South Korean won fell against the euro today on concerns that problems in Europe crippled economic growth of Asian nations. The currency was also down versus the US dollar, but later rebounded.

South Korean exports unexpectedly fell 6.6 percent on year-over-year basis in January, posting the first decline in two years. Annual consumer price inflation was at 3.4 percent, the lowest rate since January 2011. Other Asian countries also showed signs of economic slowdown, though fundamental data from China was surprisingly good.

USD/KRW climbed from 1,125.7000 to 1,129.7999, but retreated and traded at about 1,124.3500 as of 10:50 GMT today. EUR/KRW rose from 1,474.3500 to 1,476.2500.

This entry was posted on Thursday, February 2nd, 2012 at 2:56 pm and is filed under Forex Trading,

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Euro Rebound as Eurozone Manufacturing Expands

The euro rose today, erasing its previous losses, after a report showed that eurozone manufacturing improved this month, easing concerns about the negative impact of the European financial crisis on the region’s economy.

Final eurozone PMI figure was 48.8 in January, near the flash estimate of 48.7 and a solid increase from the December reading of 46.9. Germany with its robust growth was the main contributor to the increase, followed by Australia and Netherlands that demonstrated a modest increase of output. Greece, unsurprisingly, showed the worst performance as its production was declining with the record pace. The Stoxx Europe 600 Index advanced as much as 1.5 percent.

EUR/USD was up from 1.3083 to 1.3135 as of 12:23 GMT today after falling to the daily minimum of 1.3026. EUR/JPY went higher from 99.78 to 99.95, following the drop to 99.24 — the lowest level in more than a wee

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Features forex market

financial analysts estimated daily volume of currency trading in the forex market at about $ 3 trillion (3 

trillion dollars a day), where hundreds of millions of dollars are bought and sold every few seconds. As an example, showed a survey carried out by the Arab Advisors Group, said about 70 000 Jordanian trading in foreign currencies at the margin (Forex) in amounts nearly U.S. $ 787 million.

And are traded by buying and selling major currencies, which holds the basic share from operations in the forex market is the U.S. dollar base currency and the euro and the pound sterling and the Swiss franc and Japanese yen, Australian dollar, Canadian dollar and the currencies of other Arab and foreign countries.

The economists that the currency markets are the markets created by the unusual technical and facilitated the spread in recent times, and technology influenced the forex market, this market was able to attract large groups of investors over the past years thanks to the spread of technology and communications.

In contrast to several markets spread across the market, the currency market is not an elitist market fluent deal with only a few people, but the lack of interest in media coverage of economic activities, trade currency to make this market away from the public. Even people who do not have experience in dealing with the Internet and computer, can trade through telephone calls to brokerage firms and to accept the projections indicate a large segment of young Saudi and Gulf currencies to trade in future periods

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Trading and trading in the currency market

 

buying and selling of different currencies in U.S. dollars or other currencies among themselves in 

what is known as currency pairs against the U.S. dollar or any currency against another currency in value. The currency trading earn from trade on the stock market.

The currency changes, helping large multi-establishment of some business operations in a single day. It is known that the large declines impact on the financial markets, which could lead to the collapse of the stock or bonds. The forex market fall in the dollar (for example) means that the price rise of the second currency and there is no collapse of the markets such as stocks or bonds.

Forex market combines four regional markets: Australian and Asian, European and American. And continue to processes where all trading days of work and the market closes on Saturday and Sunday, and the market is working around the clock or 24 hours a day. It is noted a relative lull and from 20:00 to 01:00 GMT, and is attributed to close the New York Stock Exchange in the eighth pm and the start of the Tokyo Stock Exchange to work in one morning. With the entry of Technology and the Internet made possible the use of open accounts and trading in international markets with companies and banks did not go to it even in all the countries of the world, including London and Hon Kong and the UAE and Dubai.

Of the most important advantages of trading in the forex, market in addition to the rapid variability is the trading margin. That this trade deal with so-called (trade margin) means that you reserve a small amount from your account (1000 dollars) for purchase (100000) dollars and called the unit of purchase (Lott), and win or lose depending on the movement of currency or commodity or metal you have purchased or sold, and this type of trading (though sounds simple) is a profitable types of trading where you can earn substantial profit within a few seconds a result of economic news or upload and download rate of interest or a natural disaster or other causes of economic and other.

The important characteristics of the currency market is the property of balance, although this seems strange. Everyone knows that the property's basic financial market is the sudden decline. However, the Forex market is different from the stock market in that it does not fall. When you lose stock value of this collapse. If the dollar collapsed, for example, that just means that another currency has become stronger - an example of the Japanese yen, which has become in a few months of 1998 the strongest quarter, almost to the dollar. This has reached the decline of the dollar for some days in that period of tens of per cent. Although it did not happen the collapse of the market and transactions continued as usual, in this limited stability of the currency market and its associated work. This is because the currency is considered a full liquidity goods can be bought or sold at all times.

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Trade

Trade (in English:), or ( commerce in English:) is a voluntary exchange of goods, or services, or both. But the word is used more in English to denote the exchange between the entities or states, not individuals. The place in which they are traditionally called the exchange of goods market, then the word on the overall market area indicate that the dealer can sell his goods which are no longer confined to one place, but includes all the options available to him for sale. Be negotiated during the sale price of the goods, estimated value and the payment is currently by means of trade, called money, instead of the traditional form of the sale, which was a trade-off (compared to other goods).

Trade is concentrated on the exchange of goods or services, exchanges may occur between two parties (bilateral trade) or between more than two parties (multilateral trade). Money was invented to facilitate trade, in modern times has introduced credit cards and e-commerce to facilitate trade and stock trading online purchases.

Meaning of linguistic

Only the meaning of trade on the meaning of the language of the word "trade" is to turn the money for the purpose of profit (for the word trade shows in the door under the counter and "had" dared or trade - Dictionary Ocean - Part I). Has been known to Ibn Khaldun in his introduction to the famous trade it: Trying to earn money to buy the development and sale of goods and services. And thus the most basic business is the purchase price of a commodity and the biggest difference is profit.


Significance of economic of the word "trade is on the mediation process and to mediate between producer and consumer. And the resulting exit of two types of business on the scope of trade and that were located on both sides of the line of economic activity; The first type is what the first product of the commodity, especially when it comes to agricultural products. The second type is what the final consumer of the action limited to the item to purchase, consumption and utilization, and here we find the concept of linguistic convergence between trade and the economic concept of trade, which in turn is related to business activity and the circulation of goods.

The legal significance

Meaning legal:

In this regard the concept of trade expands and goes beyond the concept of linguistic and economic to include transformation products of their primary commodities with a view to selling them after the re-manufacture the so-called manufacturing industries, and also includes activity on industry and maritime and air transport, banks

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