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Wednesday, September 29, 2010

ens-newswire.com/ens/sep2010/2010-09-23-02.html

World's Largest Offshore Wind Farm Opens in English Channel
LONDON, UK, September 23, 2010 (ENS) - The world's largest offshore wind farm officially opened today in the English Channel 12 kilometers (7.4 miles) from Foreness Point, off England's southeast coast. Owned and operated by the Swedish energy giant Vattenfall, the Thanet Offshore Wind Farm has 100 turbines and covers an area of 35 square kilometers (13.5 square miles).
Boat cruises past the new Thanet wind farm in the English Channel. (Photo courtesy Vattenfall)
With 300 megawatts of generating capacity, the wind farm will generate electricity equivalent to the annual consumption of more than 200,000 British households.
The opening ceremony took place at sea with Vattenfall CEO and President Oystein Loseth and British Secretary of State for Energy and Climate Change, Chris Huhne MP, among the participants.
"With Thanet Offshore Wind Farm, Vattenfall has taken a major step towards doubling its generation from wind power until 2011 and we continue to lead the way in offshore wind development," said Loseth.
Vattenfall is one of the biggest wind power operators in Britain and the fifth largest energy producer in Europe. To meet its 2011 target, the company will be constructing nine wind farms in six countries to supply electricity equivalent to the demand of 800,000 households annually.
"Wind power will be a cornerstone of delivering both profitability and sustainability for Vattenfall in the years to come," said Loseth. "This project would not have been possible without the British government's active support and its commitment to renewable energy."
Secretary Huhne said that the wind farm's 300 megawatts of generating capacity will take UK's total installed wind power capacity past 5,000 MW, or five gigawatts and boosted UK offshore wind capacity by more than 30 percent.
"I'm pleased that we've reached the point where 5GW of our energy comes from onshore and offshore wind - that's enough electricity to power all the homes in Scotland," said Huhne. "Getting these massive structures out here into the sea is a tremendous feat of engineering and I applaud all involved with this awesome achievement."
The construction of the Thanet Offshore Wind Farm has taken just over two years and the wind farm is expected to operate for at least 25 years. Each of the Vestas V90 turbines stands 115 meters (377 feet) tall at its highest point.
With the Thanet facility now operational, Britain generates more offshore wind power than the total generated in all the rest of the world.
"We are in a unique position to become a world leader in this industry," said Huhne. "We are an island nation and I firmly believe we should be harnessing our wind, wave and tidal resources to the maximum."
Speaking for the trade and professional body RenewableUK, Chief Executive Maria McCaffery said, "Renewable energy generally and wind energy in particular is not alternative energy any longer - it is absolutely mainstream."
Crystal Rig wind farm (Photo by John Segrott courtesy Institute of Civil Engineers, Scotland)
The UK currently has nearly 18 GW of wind capacity either consented, in construction or in the planning system, according to RenewableUK. When this is added to today's five GW of built capacity, it represents more than a third of the country's current annual energy consumption.
"I know that there is still more to do to bring forward the large sums of investment we want to see in low-carbon energy in the UK, and we as government are committed to playing our part," said Huhne.
The five gigawatt threshold was reached as another wind farm came online today - the expansion of Fred.Olsen Renewables' Crystal Rig wind farm in the Scottish borders with a total generating capacity of 200 megawatts.
Crystal Rig wind farm is located on the Lammermuir Hills 40 km east of Edinburgh and 10 km south of Dunbar in the Scottish Borders, adjacent to the boundary with East Lothian.
The area around the wind farm is sparsely populated and the turbines are hidden among the hills.
Crystal Rig began operating in October 2003 and the 60 turbine expansion to the west of the original wind farm was commissioned today.
Copyright Environment News Service (ENS) 2010. All rights reserved.

Wednesday, September 22, 2010

forextradingedge

 

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related marketscurrently is over US$ 3 trillion. The Foreign Exchange Market is a 24/7 market place, where national currencies are traded.
Market size and liquidity

 
Forex Trading
 
The foreign exchange market is unique because of

  • its trading volumes,
  • the extreme liquidity of the market,
  • the large number of, and variety of, traders in the market,
  • its geographical dispersion,
  • its long trading hours: 24 hours a day (except on weekends),
  • the variety of factors that affect exchange rates.
  • the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
As such, it has been referred to as the market closest to the ideal perfect competition. According to the BIS (Bank for International Settlements), average daily turnover in traditional foreign exchange markets is estimated at $3.21 trillion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:
This $3.21 trillion in global foreign exchange market “traditional” turnover was broken down as follows:
  • $1,005 billion in spot transactions
  • $362 billion in outright forwards
  • $1,714 billion in forex swaps
  • $129 billion estimated gaps in reporting
In addition to “traditional” turnover, $2.1 trillion was traded in derivatives.
Exchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market.
The foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 32.4% in April 2006. RPP
The large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell (”ask”, or “offer”) and the price at which a market-maker will buy (”bid”) from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203 on a retail broker. Minimum trading size for most deals is usually 100,000 units of currency, which is a standard “lot”.
These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travelers’ checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e. 0.0003). Competition is greatly increased with larger transactions, and pip spreads shrink on the major pairs to as little as 1 to 2 pips.

Wednesday, September 15, 2010

london2012.com/visiting/tickets/index.php

Sign up for news and information about London 2012 tickets.
Sign up now and you will be among the first to hear news about London 2012 tickets and other exciting events and offers.

Registering is a quick and easy process which will only take a few minutes to complete. It will also save you time when tickets go on sale in 2011.
Tickets for the London 2012 Olympic and Paralympic Games go on sale in 2011. Approximately eight million tickets will be available for the Olympic Games, with another two million for the Paralympic Games. Subject to availability, tickets will remain on sale until the start of every event.

We aim to give as many people as possible the chance to attend the Games, ensuring a great atmosphere for all the events.
Each ticket will include free travel on public transport in London for the day of the event, to encourage spectators to use the transport system and take in the festivities throughout the city.
There will also be free events, including Road Cycling, Triathlon and the Marathon. These events will take place on the streets of London, where spectators can line the route to cheer on the athletes. Giant screens at Live Sites across the UK will also screen the sporting action.

Have you been offered unauthorised tickets?

london2012.com/games/olympic-park/index.php

The London 2012 Games are the catalyst for transforming 2.5sq km of land in east London. What was once industrial, contaminated land has been rapidly transformed over the past three years.
The Olympic Park will create a green backdrop for the Games and a new green space after 2012 for people and wildlife living in and around the area to enjoy.
The southern part of the Park will focus on retaining the festival atmosphere of the Games, with riverside gardens, markets, events, cafes and bars. The northern area will use the latest green techniques to manage flood and rain water, while providing quieter public space and habitats for hundreds of existing and rare species, from kingfishers to otters.
Around 2,000 semi-mature British-grown trees have been hand-picked to form the roots of the Park’s green spaces, which will be enjoyed by spectators and become a home for wildlife. The will also be a further 2,000 trees planted on the Olympic Village site.
The trees have been carefully selected to ensure they are ‘future proof’ against climate change. They are mostly native species, such as ash, alder, willow, birch, hazel, cherry, poplar, London plane and lime.
More than 300,000 wetland plants will also be planted in the Park. It will be the UK’s largest ever urban river and wetland planting. It will help create a colourful riverside setting for the London 2012 Games.
Stretching for half a mile between the Aquatics Centre and Olympic Stadium will be an area of gardens that will celebrate centuries of British passion for gardens and plants. They will trace the journey of the UK’s plant collectors around the world through more than 250 species of plants, trees, meadows and herbs.
It will also be a highly accessible Park. The gradients of the paths will be accessible to everyone and views will be maintained of the new venues and landmarks in the surrounding area. ‘Henman Hills’ will be created so visitors to the Park during the Games will be able to watch live action on large screens.
Read the big build: Completion (PDF 12.96MB) document to find out about progress on the Olympic Park.

Sunday, September 12, 2010

bloomberg.com/news/2010-05-02/eu-bets-146-billion-in-greek-bailout-medicine-will-stop-contagion-threat.html

Euro-region governments are betting 110 billion euros ($146 billion) in economic medicine for Greece will be enough to inoculate the rest of their region from contagion.
Finance ministers approved the unprecedented bailout yesterday for Greece after a week that saw the country’s fiscal crisis spread to Portugal and Spain. At the same time, they refused to say how they would help other indebted nations if the need arose, calling Greece a “special case.”
The risk is that investors will shift focus to other euro nations in the absence of a clear aid plan for the 16-nation bloc’s weakest members. The extra yield investors demand to buy Portuguese debt over German bunds surged to the highest since at least 1997 and Spain’s IBEX 35 stock index fell the most in three months last week. The euro fell against the dollar today.
“It is far from assured that this program will forcefully counter contagion risk,” said Mohamed El-Erian, co-chief investment officer at Pacific Investment Management Co. in Newport Beach, California, which runs the world’s biggest bond fund. “Heavily exposed creditors” may try to head off potential losses and sell bonds, “increasing the pressure on core European governments to also provide a backstop for Portugal and Spain.”
Budget Cuts
Greece yesterday pledged to push through 30 billion euros ($40 billion) of budget cuts, equivalent to 13 percent of gross domestic product, in return for loans at a rate of around 5 percent for three years.
The EU and the International Monetary Fund, which is co- financing the bailout, also agreed to set up a bank stabilization fund. With downgrades threatening to render Greek bonds ineligible as collateral for its loans, the European Central Bank today said it will accept all Greek government debt when lending to banks.
“We believe the ECB retains sufficient options to provide liquidity” to Greece and avert regional contagion, including adjusting repo rules, UBS AG economists led by Stephane Deo said in a note to investors today.
European officials rushed to draw a distinction between Greece, whose misstated budget figures first roiled markets last year, and other countries.
‘No Way Comparable’
“I don’t think the markets will put Portugal and Spain under attack because their situation is in no way comparable to Greece,” Luxembourg’s Jean-Claude Juncker said yesterday after chairing the talks. French Finance Minister Christine Lagarde said “Greece was a special case, because it reported special numbers, provided funny statistics.”
The IMF’s Poul Thomsen, who heads the mission to Greece, said the austerity plan was designed to “shock and awe markets and re-establish confidence.” Standard & Poor’s said today that the package provides Greece with “significant breathing space” to improve its public finances.
The euro, which rallied 0.5 percent against the dollar on April 30, weakened today against 13 of its 16 most traded peers. It dropped to $1.3235 as of 2:30 p.m. in London from $1.3294 in New York last week, after earlier rising as high as $1.3361, the strongest level since April 27.
‘Terrific Austerity’
“The euro will remain weak and there’ll be more bailouts,” Marc Faber, publisher of the Gloom, Boom & Doom report, said in a Bloomberg Television interview in Hong Kong. “For Greece, it means terrific austerity and terrific recession.”
Spain’s budget deficit was the third-highest in the euro region last year, at 11.2 percent of GDP. Portugal’s budget deficit was the fourth-biggest at 9.4 percent of output. Ireland had the highest at 14.3 percent and Greece’s was 13.6 percent.
“Unless Portugal and Spain proactively take additional measures to bolster their fiscal and growth outlook, markets will be tempted to test whether the EU has appetite for any further rescues after the breathtakingly large commitment made to Greece,” said Marco Annunziata, chief economist at UniCredit Group in London.
The yield premium investors demand to buy Portuguese bonds over comparable German debt surged as high as 299 basis points on April 28 and the Spanish premium rose to 113 basis points, the highest since March 2009. The Greek spread touched a record of 827 points on April 28. All those gaps narrowed today, with Greece’s closing 50 basis points to 545 basis points.
Euro’s Future
At stake is the future of the euro 11 years after its creation when fiscal policy was left in national capitals. The euro has fallen 7 percent this year as the lack of a single finance ministry made it harder for governments to agree on whether and how to rescue Greece. That in turn exacerbated a Greek bond selloff.
Governments first agreed to support Greece on Feb. 11 and didn’t make any concrete pledge of cash until two months later. The yield on the Greek 10-year bond, which was 6.63 percent at the start of February, stood at 8.96 percent on April 30.
Greece will eventually have to restructure its debt, undermining confidence in the euro, said Stuart Thomson, who helps oversee $100 billion at Ignis Asset Management in Glasgow, Scotland.
“The sovereign restructuring threat hangs over the euro, and makes it less likely to be a reserve currency over time,” said Thomson.
Unprecedented Steps
To head off future crises, EU Monetary Affairs Commissioner Olli Rehn has proposed strengthening integration over budgets, for example by requiring national governments to submit spending plans to European authorities before parliaments approve them.
Some economists say European policy makers may have to take unprecedented steps such as allowing the ECB to buy government bonds on the secondary market. President Jean-Claude Trichet said yesterday the ECB had made “no decision” on that.
For now, the onus is on high-deficit economies to retrench before investors force them to, says Stephen Jen, managing director of macroeconomics and currencies at BlueGold Capital Management LLP in London who also once worked for the IMF.
“Governments have to get ahead of the market, it’s no longer good enough to just do enough and that’s the challenge,” said Jen. “There will be some rally in European assets, but long-term investors are still too scared to get back in. After the rally, reality sets in.”

news.bbc.co.uk/2/hi/uk_news/politics/election_2010/8657590.stm

DAY IN A NUTSHELL
With only three full days of campaigning left, the parties are now in the home straight. But with the polls still suggesting no-one has opened a decisive lead, there is no sign of a bank holiday breather as the pace of electioneering is rising. David Cameron says he is taking nothing for granted, as he says a strong Conservative government would be best for Britain. Gordon Brown says he and Labour are involved in a "fight for the future". Nick Clegg turns his fire on what he calls the Conservative leader's "breathtaking arrogance". See how the day unfolded.
MONDAY'S NEWSPAPERS
The Daily Telegraph says senior Conservative sources have ruled out a post-election deal with the Lib Dems in the event of a hung Parliament instead hoping to rely on the support of Unionist MPs to get key legislation passed. The Guardian says the Conservatives believe they would have six months to win support for plans to tackle the UK's huge deficit before facing potential public opposition. The Financial Times focuses on Conservative plans to require listed firms to ensure that half of people considered for future company directorships are female.

forex-arbitrage.org/sports-arbitrage-trading-make-easy-money-online

Sports arbitrage trading: Make easy money online


Do you wish to make money online through investments but are unaware as where to begin from? You must try your hands in online investing then. It is a great way to earn wonderful profit without investing much. Once you learn the basics and the techniques to win money online you will fall in love with online trading.  Sports arbitrage trading is also a wonderful trading scheme. If you are unaware about it then this article will educate you enough.
The first thing to know is how this trading scheme works? It works on simple basics: the investors find the difference of prices in the market and then use these differences for their benefits to earn handsome amount on it.  The risk associated in this type of trading is fairly low because this type of trading I not dependent in a single stock. In this trading type the investors do not have to perform great but have to look out for the price difference. This implies that even people with less experience and low knowledge can easily generate great income in this type of trading.
With every trade that you make under this investment scheme, an investor capital compounds from a rate if 1to 5 %. The more investment you make in this trading category the better profit you make. The snowballing effect of the trading has helped the investors earn more than their yearly income.
Online investing is a great way to sit at home and make money. One who becomes the master of the trade is able to make great profit every month. Although you will take some time to excel in this field but once you know the strategies there is no looking back. You can make incredible profit every month. Some people even take online trading as their profession whereas others love to play online part time and make some extra money apart from their regular job. With such a low risk associated with sports arbitrage trading, it is worth taking a chance and sees your destiny shine. That is why sports arbitrage trading has been considered as the best upcoming investment type that works on the price difference in the market and not actually on the investor or broker’s performance. You do not have to keep on watching any trade go up or down in front of your computer. All you need to do is use your brain and make it work wisely so as to make maximum profit for yourself.
It is associated with low amount of risk because you can very easily compound investment capital with every trade. This implies that the more money you invest the more it will compound. Another reason for choosing this form of trading over various other forms is that it is a tax free trading. You will not be penalized for being a sports arbitrage investor or trader.  With so many benefits in your hand who would just want to invest few bucks in sports arbitrage trading.

liteforex.org/?gclid=CMm2lcbDgqQCFQcsDgodLzBeGw

WELCOME TO THE FOREX WORLD OF LITEFOREX

LiteForex forex trading company is one of the steadily developing online forex brokers.

We were the first to give everyone a possibility of easy forex trading on the forex market by creating Lite and 100K Lite forex accounts, where one could operate cent forex managed accounts with a deposit of $1.

We’ve passed a long way since then. Step by step, we’ve been gaining respect and authority among forex traders across the forex market during the last years. Today many of those traders, who started working with cent accounts, manage sizable capital assets demonstrating professional competence in forex but also their confidence in our forex broker company.

LiteForex group offers its clients stability and confidence in the future - a precious gift for those who do forex trading on the forex market, rapidly developing and quite risky.

We consider cooperation with our clients, both forex traders and forex partners, to be the most important component of our success and dynamic development at forex. We constantly grow taking more and more solid positions in forex brokerage processing services doing our best to help our customers. Being open to our clients’ and partners’ suggestions, we try hard to improve the quality of forex service to make your forex trading process even better.

Welcome the world of forex trading!

www.forextradingautomatedsoftware.com/

vy Bot

Three mega nerds have come together and put out the most powerful Forex trading software to have ever hit the market.

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stuartpalmerpersonaltrainer

A successful Personal Trainer  appreciates the physiological and psychological requirements that are needed in a wide range of physical activities, including correct diet, posture, conditioning and fitness. This ensures all my clients get a programme that is tailored to their specific needs, whether it be an athlete, or someone wanting to tone up and lose a bit of weight.

tradinginthebuff

Needless to say, just like the majority of the people who trade forex, I did not have much luck with this.
That's when I started to think this through.  Why am I trading something that I don't understand?
The indicators were doing the trading, NOT ME!! I just went along for the ride.
Think about that for a second.  I was basically just an inanimate object waiting for random lines to cross, telling me that I should open or close a trade.
It dawned on me. How in the world could I make money trading forex, if I don't even understand what I am looking at????
It was then that I decided to listen to what all the professional traders had to say on the subject.  I noticed two words that came out of most of their mouths:  PRICE ACTION!

It was so obvious, I couldn't believe it.

Do you think that the most successful traders in the world are really worried about what a couple of Stochastic lines are doing? I highly doubt that.
The whole point is that they don't need them or any other indicator for that matter.  Their own eyes are their best indicator.
If you don't believe me, all you have to do is look at the history of the markets and how traders became successful.
There were legendary floor traders at the beginning of the stock market who became millionaires just by following the movement of the price. They didn't even have charts, much less indicators!!! What's our excuse???
That's when I dropped everything, completely cleared my charts of all indicators and began to look at my forex charts, as the purists call, naked.
There was nothing blocking my view of the price.  No Moving Averages, No Stochastics, No MACD, No RSI, NOTHING but a simple bar chart.
I would love to tell you that the first day I did this, I instantly saw the holy grail and I was going to be rich by the end of the week.  But that didn't happen.
The truth is I didn't see anything. I didn't have some great epiphany.  But Rome wasn't built in a day, so I kept on trying the next day, and the day after that to see if I "could figure" out the markets.
It took awhile, but everyday that I did this, I started to realize something:

MARKET PRICES HAVE PATTERNS THAT ARE REPEATED OVER AND OVER, WHICH CAN BE USED TO FORECAST FUTURE MOVEMENTS

By the end of a couple weeks, I began to see the market in a completely brand new light.
It was like I could see the market's energy. For the first time in my miserable trading life I could see the market as a living, breathing thing.
It stunned me that throughout all these times I was looking at a chart, this was staring back at me the whole time and I couldn't see it.
How could this be??????
It's simple! All these pesky indicators were blocking my view.
From that day forward I was a completely different trader.
No more indicators, No more trading robots, No more chat rooms, No more signal services, No more spending hundreds of dollars on useless software. No more NONSENSE.
I became the trader that I always wanted to be and I owe it all to trading naked (not literally of course).
After a couple of months of tweaking, just to get things perfectly right, I came up with my own price action method, I like to call "Trading in the Buff".

xe.com/blackberry/

The XE Currency App for BlackBerry lets you keep track of live mid-market rates for every world currency - that's all 180+ world currencies that you can convert on the go for FREE!

  • Access all 180+ world currencies and precious metals.
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You can be a part of our Currency App Mashup. With your permission, we store your location and base currency to show where in the world people use this service. The data we collect does not contain any personally identifiable information, so we can't identify you or your device.
Check out the FAQ for answers to common questions and information about problems you may have.

dailyfx.com/forex/fundamental/forecast/weekly/eur/2010/09/11/Euro_2010_09_10.html

Euro Won’t be able to Hold Back the Fundamental Tide for Much Longer
Fundamental Forecast for Euro: Bearish
- Ireland to split Anglo Irish Bank in an effort to defuse a financial bomb
- Norway Sovereign Wealth Fund invests in shunned Greek and other trouble EU countries’ debt
- Greek consumers and businesses withdraw 4.2 billion euros from national bank accounts
It would be a stretch to simply imply that the euro experienced elevated volatility this past week. Considering European traders were returning from their summer holidays and US-based speculators rushed back after an extended holiday weekend, there was wave of risk-sensitive capital that washed over the market and offered the best opportunity for a meaningful breakout that we have seen in a month. And yet, EURUSD would hold its sideway track. Now we turn to the coming week and attempt to gauge the potential of that long-awaited breakout that will provide finally establish a meaningful direction for the capital markets and shared currency. Considering the euro’s bearing is heavily dependent on its performance against the US dollar and risk appetite in general, the fundamental trends to encourage this market along are perhaps larger than the currency itself. That being said, global investor sentiment itself could actually establish its bearings on European financial and economic developments.
It should come as no surprise that policy officials are singing the praises of their respective economists and financial markets. It is their job to be cheerleaders and encourage confidence as much as possible. However, these assurances ring hollow when we consider the growing troubles of the region. At the forefront of our concerns for Europe are the cracks in the effort to balance economic growth and fiscal prudence. From Ireland, the deputy director of the country’s debt office said the nation was fully funded until June of 2011; but does this assessment account for the burden that the Anglo Irish bank could place on the coffers? The plan to split the troubled back (which has already required 22.9 billion in bailout capital) is a design that has failed in other instances and will not magically erase the costs of nationalization. For Greece, the IMF’s approval of another 2.57 billion euros tranche of its three-year bailout program should serve to remind of the incredible level of capital it will have to repay in the future, the economic pain the nation will have to suffer to reach fiscal targets and the inequity of countries with higher debt costs having to bailout this particular nation. To add to the precarious picture, Greece is scheduled to auction off short-term bills. Then there is the Basel III capital ratio. There is a reason Germany has loudly rebuffed calls for higher reserves and a five-year implementation; because this and other European nations are the furthest from meeting the suggested targets. If the bar is raised, European banks (dependent on ECB liquidity) could be forced to raise more capital and suffer painful yields.
If we are looking for the spark to feed fear of a financial crisis or accelerant to an economic slowdown, we have an entire fuse box in Europe. However, speculators’ attention is a fickle and unpredictable thing; and they can remain unfocused for longer than we would expect. So, we must wait. In the meantime, it will be worthwhile to keep an eye on scheduled event risk to see if there any volatility to be had from the docket. The top tier data for the period is Tuesday’s investor sentiment survey’s imperative to establishing the market’s tolerance for the region’s financial instability. One step down, we have Eurozone employment and inflation for the ECB to consider as bearings for monetary policy. After that trade, industrial production and factory prices will struggle to garner attention. - JK
DailyFX provides forex news on the economic reports and political events that influence the currency market.


Read more: Forex @ DailyFX - Euro Won’t be able to Hold Back the Fundamental Tide for Much Longer http://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2010/09/11/Euro_2010_09_10.html#ixzz0zKWgulc6

forexnewschannel.com/forex-bullet-proof-review-news/forex-bulletproof-settings

This robot is very hot

This robot is very hot

Yesterday was a crazy day. I spent all day answering emails regarding the new Forex BulletProof.
So, I have decided to make it easy for you in case you decide to purchase Forex BulletProof.
Here are my winning Fx BulletProof settings. I have spent the last two days running several backtests, and these are the most successful settings I could come up with:

Forex Bulletproof Settings

Forex BulletProof trades only EURUSD and USDJPY pairs.
Fx BulletProof Settings:
EURUSDlots: 0.9 (for account deposits greater than $4000)
USDJPYlots: 0.2 (regardless of deposit size)
EURUSDlitlelots: 0.1 (for accounts of $4000 or less)
Adapt lots: true (this feature will adjust lot sizes as your account grows;
recommended for beginner traders)
UseAutoGMToffset: true
I hope you will find them useful.
One more thing.

Grab yours while its still available

The copies of Forex BulletProof are selling fast and I’ve just heard through the grapevine that Steve may be shutting the site down soon.
I’m not sure if that’s just a rumor, but I wanted to let you know so that you don’t miss out on the opportunity to get your copy…
So don’t wait! Trust me, this robot is one-of-a-kind and worth every dime!!!
Have a great day,
Nick Baker
Yesterday was a crazy day. I spent all day answering emails regarding the new Forex BulletProof.
So, I have decided to make it easy for you in case you decide to purchase Forex BulletProof.
Here are my winning Fx BulletProof settings. I have spent the last two days running several backtests, and these are the most successful settings I could come up with:

Forex Bulletproof Settings

Forex BulletProof trades only EURUSD and USDJPY pairs.
Fx BulletProof Settings:
EURUSDlots: 0.9 (for account deposits greater than $4000)
USDJPYlots: 0.2 (regardless of deposit size)
EURUSDlitlelots: 0.1 (for accounts of $4000 or less)
Adapt lots: true (this feature will adjust lot sizes as your account grows;
recommended for beginner traders)
UseAutoGMToffset: true
I hope you will find them useful.
One more thing.

Grab yours while its still available

The copies of Forex BulletProof are selling fast and I’ve just heard through the grapevine that Steve may be shutting the site down soon.
I’m not sure if that’s just a rumor, but I wanted to let you know so that you don’t miss out on the opportunity to get your copy…
So don’t wait! Trust me, this robot is one-of-a-kind and worth every dime!!!
Have a great day,
Nick Baker

forexfacet


It is not always simple to understand what to search for in a broker in any market, let alone a market as complicated as the foreign currency markets.
However if you’d like to learn foreign currency and trade the market you want a broker. While it may be captivating to simply ask the brokers what they can do for you, you cannot always rely on them to offer you a straight answer. Here are a couple of things to think about when selecting your broker.
You’ll want a broker which has low spreads. Since forex brokers don’t charge a commission, this difference is how they make cash. Low spreads will save your money. Together with this, you should be searching for a broker attached to a credible establishment. Unlike equity brokers, foreign exchange brokers are customarily attached to big banks or lending establishmen

uk.reuters.com/article/idUKLDE68909720100910

* Dollar firm vs yen and Swiss franc on higher U.S. yields
* Yen in retreat from 15-year peak on dollar
* Chinese data supports growth-linked currencies
(Adds quote, updates prices, changes dateline, pvs TOKYO)

By Anirban Nag
LONDON, Sept 10 (Reuters) - The dollar rebounded against the yen and the Swiss franc on Friday after a rise in U.S. bond yields, although the bounce lacked conviction as worries about a U.S. recovery remained strong.
Chinese trade data showed higher-than-expected imports for August, pushing currencies such as the Australian dollar higher against the low-yielding yen, which is often used to fund investments into higher-yielding currencies.
The dollar was off this week's 15-year low against the yen JPY=, helped by a rise in U.S. Treasury yields on Thursday on U.S. jobs data and a widening in the U.S.-Japan yield spread.
"Rising U.S. yields have been driving the dollar against the yen," said Gareth Berry, currency strategist at UBS.
U.S. initial claims for jobless benefits fell to their lowest in two months. Payrolls data last week showed fewer job losses than expected in the world's largest economy.
Berry said it was too early to judge whether the U.S. economy was headed for a double-dip. "We need a succession of good data out of the U.S. for the markets to have a stronger conviction about the dollar," he said.
Traders said comments from Bank of Japan Governor Masaaki Shirakawa that Japan needs to raise the foreign exchange issues at international meetings also pushed the yen lower. [ID:nTKX006985]
The dollar rose 0.4 percent to 84.12 yen JPY=. It briefly touched a high of 84.28 yen. The next target will be its high of 85.23 yen hit after the U.S. payrolls data last Friday.
The dollar hit a 15-year low of 83.34 yen this week, intensifying speculation that Japanese authorities might step in to curb yen gains if the move accelerates towards 80 yen. Japanese Prime Minister Naoto Kan reiterated on Friday that authorities would take decisive steps on the yen if needed. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ PDF presentation on the yen: r.reuters.com/mam52p TAKE-A-LOOK on Japan politics [nPOLJP] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

LEADERSHIP RACE TO SWAY YEN
Attention is also turning to a ruling party leadership race on Sept. 14 in which Kan faces a challenge from powerbroker Ichiro Ozawa.
A Reuters poll showed a win by Ozawa in the vote, which would also decide who is prime minister, would likely give a short-term boost to stocks but weaken Japanese government bonds and the yen. [ID:nTWKAKE617]
Ozawa has said Japan should intervene to weaken the yen, and while some analysts say intervention would be difficult without support from Washington, others say Tokyo under Ozawa would be more likely to take action if the yen strengthens.
"So the chances of intervention will rise as compared to the period under Kan," said Masafumi Yamamoto, chief FX strategist Japan at Barclays Capital in Tokyo.
The dollar was lower against a basket of currencies .DXY =USD, having failed to hold above the index's 55-day moving average at 82.80.
It rose against the Swiss franc, jumping 0.6 percent to 1.0210 francs CHF=, well above this week's nine-month low of 1.0060 francs. Traders said Dubai World's announcement of formal agreement to restructure liabilities was helping risk demand and prompting unwinding of positions in the safe-haven Swissie.
The euro was up 0.2 percent at $1.2718 EUR=, with support expected at its 100-day moving average at $1.2657. It was up 0.5 percent against the yen at 106.95 yen.
The Australian dollar pushed higher against the greenback staying close to a four-month high of $0.9278 struck on Thursday, with Chinese import data boding well for domestic demand and trading partners including Australia. [ID:nTOE689024]
(Additional reporting by Hideyuki Sano in Tokyo)

en.wikipedia.org/wiki/Foreign_exchange_market

Wednesday, September 8, 2010

Forex News Trading

Traders on the Foreign Exchange market, Forex market for short, can potentially make thousands of dollars based on the volatility and fluctuations of a country’s currency. To better themselves and have a leading advantage over other traders, some Forex traders and investors participate in a practice known as news trading. The risks are very high, but the potential gains can be worth thousands of dollars and many traders and investors use this technique.
The technique of news trading is quite simple. It is the trading of foreign currency immediately before or after an important economic news announcement. After such announcements, there is a high possibility that market prices will fluctuate, either for the better or worse, depending on the announcement. For example, if the U. S. Federal Reserve announces another increase of the interest rate, many traders might invest in the U.S. dollar as it is expected that its value will appreciate. The main advantage of news trading is the potential for a country’s currency to make huge gains or losses in very little time. Within minutes of an economic announcement, a country’s currency can gain or lose one hundred points almost instantly. The potential of huge profits attracts Foreign Exchange traders and investors, however there are various risks associated with news trading.
Like any investment, there is always a risk, and news trading on the Forex market is no different. Though the potential profits are huge, the losses are also equally as large. The dangers of news trading come from the fact that a trade must be made quickly or else you are going to lose. If you are caught on the bad side of a trade, your money will be gone quicker than you can blink your eye. You will lose money so fast that there won’t even be time for you to manually close your trades, leaving you with nothing. Stop-loss orders are also potentially dangerous as there is a high probability of slippage because of the sudden price fluctuation.
Though some investors and traders might get lucky trading news, there is only a small probability that you will make a profit. Even if you are an expert news trader, you should still be very, very cautious when participating in this practice. Successful news trading depends solely on how you get your news. The most successful news traders are the ones with the fastest news feeds and those that are able to quickly place their trades immediately after an announcement has been made. Even using other forms of news trading, such as placing orders above or below the market price is still a guessing game, and those traders in the market who base their trades on guesses, won’t have much money after a short time.
For many Forex traders and investors, their trades are dictated by technical indicators and price indexes. Hours are spent researching every indicator, taking every risk into account and then making a decision based on everything they have studied. However, for a Forex news trader, none of this matter, and the only thing they take into account is economical news announcements.
News trading is possible because the Forex market is always open, unlike many financial markets. In a financial market, securities trades of certain stocks are suspended when an important company announcement is being made. These announcements are usually made after the market has closed for the day. However, because the Foreign Exchange market is open 24 hours, any economic announcement will have direct affects on the currency of that country, and maybe others as well. In the Forex market, there are eight major currencies that are traded, as well as over seventeen derivatives to be traded as well. This means that on any given day, there will always be economic announcements from any of the major traded currencies. The major trader currencies are as follows:
  1. U.S. Dollar (USD)
  2. Great British Pound (GBP)
  3. Euro (EUR)
  4. Japanese Yen (JPY)
  5. Australian Dollar (AUD)
  6. Swiss Franc (CHF)
  7. Canadian Dollar (CAD)
  8. New Zealand Dollar (NZD)
Because of the availability of each currency, currency pairs, and its derivatives, such as USD/JPY, EUR/USD, AUD/USD, as well as several others, each currency can be traded at any given time because these currencies are globally traded.
Any Forex news trader or news investor will have to have the latest most up to the moment news announcements. Even if the news announcements are only a couple of minutes old, this can have devastating effects for any trader who has risked any sum of money. Most news traders like to keep an eagle eye on any news regarding economical activity, but most importantly news dealing with interest rates changes, FOMC rate decisions, retail sales figures, inflation indicators such as the consumer price index (CPI), producer price index (PPI), unemployment figures, industrial production announcements, boost in business and consumer confidence, as well as business sentiment surveys. Manufacturing sector surveys, trade balance release details, and foreign purchases of U.S. Treasuries may also prove useful for a news trader to better make decisions regarding when or when not to trade.
However, it should be remembered that these news announcements can have ranging impacts on a country’s currency, and after an announcement, the volatility of a currency may greatly fluctuate. It is important to take advantage of news that creates movements in volatility that will last for a few minutes or even hours. Trading on the Forex market based solely on news is a difficult and sometimes dangerous practice. However, there are some indicators that can make a news trader’s job easier, such as breakout indicators (Bollinger bands, breakout of a candlestick bar, or a price bar). Research has proved that news announcements can impact a currency’s value quite severely, in some cases it can gain or lose anywhere from 33 pips to 124 pips, opening up the ideal trading opportunity looked for by news traders. If a news trader is able to act quickly enough, even the smallest news release can be turned into a potential profit of thousands of dollars. However, it is important to remember the volatility of such announcements, and although the profits seem endless, the losses can happen too.