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Friday, 13 December 2013
Currencies Gold News
Thursday, 12 December 2013
Monday, 9 December 2013
Currencies Gold News
Global foreign exchange volumes drop in October: BIS survey
Indian Express - 15 hours ago
Daily turnover in the foreign exchange market fell 6 per cent to $5 trillion a day in October, as trading in the yen and the euro declined, an analysis by the Bank for International Settlements (BIS) showed on Sunday. Volumes hit a high of $5.3 trillion in April, led ...
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Tuesday, 20 November 2012
Currencies Gold
Currencies Gold and other commodities such as silver and oil are always fluctuating. The most influential factor for gold price fluctuations is currencies. Other factors include forward hedging by gold mining companies to protect their gold sales, and massive buying and selling by institutions.
Gold is not just a commodity, it is also currency. As Gold does not get used up like silver or agricultural commodities all the gold ever produced in the world is still here. It may have moved around or is stored in vaults. Gold is used to store wealth and it is a replacement for money when the confidence in a currency wavers. When the US dollar declines the Gold price rises. Today many people prefer to hold gold instead of currencies - which have been fluctuating wildly due initially to the GFC and now because of the Euro-debt crisis and the unsettled Middle East.
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Friday, 6 January 2012
Currencies Gold Traders
Currencies Gold Traders have had good profits lately because of the volatility in markets. Trading as distinct from Investing is now the traditional wisdom of fund management gurus. Which means if you are still adopting buy-hold investment strategies you are on the wrong train - as were most people when the 2008 GFC derailed the entire investment world. To be a successful trader it is important to keep abreast of market moving news. While some pundits say you can trade purely on technicals there are serious flaws relying on technical signals to tell traders what is going on longer term. Having an appreciation of what is the longer term direction of commodities currencies and gold certainly won't steer traders in the wrong long term trading direction. Although some day traders prefer to look just at short term markets the biggest profits are made by taking longer term positions. | However taking a longer term position does not mean buy and hold. It is important to play the cards as they are dealt and to adjust your exposure and position with events that impact on the economy, markets and the specific instruments in which you are invested. Currencies Gold traders should be aware of the impact interest rates have on currencies. Thus even if they are not specifically trading bonds it is still vital to keep an ear to the ground and know what is happening to treasuries and interest rates around the globe. A good approach is to take advantage of the various well respected news providers who specialize in the economy and markets such as Bloomberg, Reuters, Wall Street Journal and the Financial Times. Serious traders will learn how news impacts on their trading and subscribe to some of the Forex News services to get the picture. Doing so you can actually trade news and make money irrespective of which direction the market moves. | Have you ever had a dream where you traveled to the future in 2030 and came back with charts of every currency pair for the past 30 years? You know, knowing the outcome of every market event beforehand and rake in mad pips, making you probably richer than Bill Gates or George Soros in less than a couple of months...
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Sunday, 1 January 2012
Currencies Gold Gurus Miss the Plot
Currencies Gold Gurus missed the plot entirely by advocating that the average person should buy physical gold. Currencies Gold and Oil prices along with stock prices rise and fall over time. The same applies for property prices. The Global Financial Crisis if it has any lesson for investors is the importance of maintaining liquidity. The markets are not sedate stable environments where the prices of various assets, stocks , commodities, bonds and property remain constant. In fact the very opposite is the case. In past decades demand forces and a growing population along with industrialization and consumerism propelled investment assets like a rocket ship to Mars. However it is impossible for growth rates and escalating prices to continue indefinitely. Lamentably the market rigging and games played on Wall Street by Investment Bankers contributed to an exaggeration and false valuation of property and share market assets. Obviously when sanity prevailed the prices of such overvalued assets had to fall. The knee-jerk reaction of many was to buy alternative assets and switch out of US dollars to Euros and almost any other currency in the world. For some time the strategy of buying gold and silver and currencies other than holding US dollars was effective - and the price of gold appreciated strongly. Gold appreciated in price partly due to the increase in its demand and also due to the fact that as gold when priced in US dollars any decline in the US currency is met with an inverse rise in the gold price. Conversely when the value of the US dollar against other currencies rises the price of gold and silver has to fall. In order not to get caught in the same type of meltdown as occurred in property and share markets currencies and gold investors need to become traders and learn forex trading strategies - that will not only protect their assets but also enable them to take advantage of profitable opportunities in all markets regardless of which direction prices are moving. Consider the investor who bought physical gold as it was rising at the first moment that it hit 1550 an ounce. When it had rise by $200 they were certainly celebrating. But where do they sit today with the price of gold back to where they purchased the precious metal? | And what about the poor soul who bought gold when it hit $1700? The decline in the gold price would be bringing tears to their eyes and they are now confused as to exactly what they should be doing now. For both individuals they would be better off had they been trading currencies and gold derivatives instead of buying physical. While it appeared buying physical gold when the US dollar was in a tailspin the gold gurus had no strategy of how to deal with the inevitable reversal in the price of gold when the US dollar changed direction, as it has now done - largely due to the woes of European countries and the consequent decline in the value of foreign currencies against the US dollar. Wall street investors who were caught holding stocks when the share markets of the world collapsed clearly wished they had liquidated their holdings more quickly. Similarly property investors and holders of mortgage securities also wished the same. How many financial planners and other so called investment gurus were caught out by failing to recommend higher levels of liquidity? With the spread of internet forex brokers it is possible to buy and sell currencies, gold, silver and oil within seconds. Instead of adopting the flawed buy-hold strategy used by traditional share investors currencies and gold traders should actually be trading - not investing. Adopting a trading approach to buying these alternative assets can enable a gold buyer to sell his gold at an instant. There are various trading schools and free lesson materials abound on the internet to assist. This links to the best for learning how to trade currencies and gold. And also these links: trading Forex Commodities and Futures education | |
Tuesday, 20 December 2011
Currencies Gold Prices
The American economy is showing some signs of getting back on it's feet and the US Currency has risen against the Euro - so the price of Gold has fallen back significantly in recent days.
When gold price dips it is a time to buy - not to sell. The way to make money today instead of just holding gold and currencies is to actively trade currencies gold and silver as well as Oil Prices Futures. However it is certainly not time to abandon the precious metal. There have been peaks and troughs and regular drops. Even with enormous drops Gold has always risen again to newer, more spectacular heights.
The time to get interested is when no one else is. You can’t buy what is popular and do well.
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