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Saturday, May 9, 2009

Forex rate in karachi

For example current forward test shows a profit of 41. Several kinds of orders are supported: market order, limit order, stop order, breakeven stop order, predefined set of “packet” orders. Second, it is key for you to know which data is important. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. As long as you are able to maintain your margin requirements on the full contract value, you can remain indefinitely in the market.
Offers forex signals and forex systems. Namun, sekurang-kurangnya anda perlu menjadi bebas kewangan. Bollinger bands are parallel and form the.

Net positioning has increased from -84,906 to -15,564 in that time. 5% return on the whole lot of forex then the return on your own investment comes out to be 75% flat. And while there has been these ideas before, we are entering a period of fear driving decisions, where the irrational becomes the rational in order to save us all from economic disaster. The platform could also be much better. As many have said trade psychology is critical to trading success—probably the most important factor. Markets moving between the goal posts. Thanks to a low exchange rate, inflation is actually rising.

First things first, you need a trading account with a forex broker before doing anything. At that time there were not any training programs and you were forced to teach yourself. The isolation and odd hours were killing me. You make the decision to take a vacation at a moment’s notice. Risky signal providers are marked as such.
Forex Update: The Week Behind, the Week Ahead

Traders and economists often have differing views about currency movements. Most traders, like myself, go with the flow of the market, hitching onto the present, participating in the seemingly illogical game of speculation, and not wasting time questioning over whether a particular currency should actually be going higher or lower against another currency. Some economists and non-traders, on the other hand, get angry when a currency keeps going against its assumed “logical” direction and argue that traders are so wrong in believing otherwise. This difference in thinking has stood out prominently over the past few weeks, especially since the US dollar has been rallying so strongly against most other major currencies.o

The past week marked another milestone in forex trading: The US dollar rose to a 6-month high against both the Euro and Swiss franc; it rose to a 7.5-month high versus the Japanese yen, and advanced to a near 2-year high against the British pound.

The most remarkable show of USD strength was seen against the battered Pound: GBP/USD fell for the 11th consecutive day on Friday, and that was the longest period of losses since at least January 1971. It was so long ago that the UK had not even joined the European Economic Community (now known as the EU) then.
Gold & Forex Update

I have been on a hiatus of sorts over the past month and I apologize to my regular readers who got no warning of such a break. I have of course continued to follow the markets, although trading activity has been choppy and inconsistent. Switching between long and short positions on a daily basis doesn’t allow me to post my outlook. This article is intended to be a summary of my thoughts on the money markets.

As competitive currency devaluation looms, the USD may gain on a relative basis. The black swan remains the possibility of a loss of confidence in the U.S. dollar.
1) The Euro is being tested - The idea of a unified currency has always troubled me, it seemed to be more of an experiment than a logical conclusion. To be more specific it is not the idea of a unified currency that is troubling, but rather the idea that countries with independent fiscal policies are all tied to the same monetary system. It was only a matter of time until disparities emerged in the various member countries with respect to inflation expectations and output trends. The unified currency reduces options for struggling economies who are forced to stimulate ONLY through the fiscal approach. That means that deficits balloon, but with a 3% of GDP limit imposed on member nations, fighting between members may quickly emerge. With more than €1 trillion in Euro-zone debt issuance expected this year, the EU is not far off from the numbers being reported out of the U.S.

2) Exporting nations currencies are feeling the pinch. This was highlighted by Gregory Weldon of Weldon Financial in a report out yesterday. He specifically mentioned the bearish outlook for the following export reliant currencies: Korean Won, Indian Rupee, Polish Zloty, Hungarian Forint, Czech Koruna, Canadian Dollar, Chilean Peso, and the Mexican Peso. The trend over the past few years has been for the U.S. to import an ever increasing dollar amount of goods and services. That resulted in selling pressure on dollars and buying pressure on exporting currencies to purchase the local goods for export. With the sharp decrease in U.S. imports over the past few months, export reliant currencies have felt the sharp decrease in demand. Added to that pressure, the sharp drop in the price of crude has led to a double hit on currencies such as the Canadian dollar.
Is pressure easing on these export nations? It doesn’t look like it. In fact, if we use the Baltic Dry Index as a leading indicator of global trade, the outlook is pretty dire. Consider that this Index was sitting higher than 11000 less than a year ago. Although the index appears to be stabilizing, global shipping prices are still extremely cheap, highlighting the lack of demand.
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Gold & Forex Update

January 21, 2009 · Print This Article

I have been on a hiatus of sorts over the past month and I apologize to my regular readers who got no warning of such a break. I have of course continued to follow the markets, although trading activity has been choppy and inconsistent. Switching between long and short positions on a daily basis doesn’t allow me to post my outlook. This article is intended to be a summary of my thoughts on the money markets.

As competitive currency devaluation looms, the USD may gain on a relative basis. The black swan remains the possibility of a loss of confidence in the U.S. dollar.

Continued Artificial USD strength

Human beings have the bad habit of valuing things on a relative basis. Absolute value is very hard to comprehend. The recent USD strength has been a factor of weakness in foreign currencies and NOT strong fundamentals for the USD. This was highlighted yesterday when both Gold and the USD rallied on the back of Euro weakness. Allow me to highlight several fundamentals that are developing:
Forex Update

Treasury Bond Daily Commentary for 4.2.09
The rally in the 30 Year T-Bond futures faded yesterday after the U.S. released better than expected housing and manufacturing data, sending equities higher and treasury futures lower.

However, the 30 Year futures are recovering Thursday after the U.S. released more negative unemployment data. Hence, with the U.S. taking care of the excess supply of treasuries via quantitative easing, the 30 Year futures are falling in line with their ordinary negative correlation with the S&P futures. The futures are struggling with the concept of retesting March highs. There’s certainly a wide range the 30 Year futures have to deal with to the upside. Therefore, the futures have their work cut out for them.


S&P Daily Commentary for 4.2.09
The S&P futures brushed aside negative unemployment data, piecing together an impressive rally on the back of better than expected existing home sales and manufacturing data. The economic crisis began with the collapse of America’s housing market, so stabilization in housing gives investors hope the worst of the economic crisis may be behind us.

EUR/USD Daily Commentary for 4.2.09
The EUR/USD has pushed through March 30 highs, rallying before the ECB announces its monetary policy decision. While the 50 basis point cut analyst expect is likely, investors will be more interested in what Claude Trichet has to say about the ECB's potential use of quantitative easing.

Trichet will likely say the ECB doesn't need to cut the benchmark rate further. However, this is what the ECB has said after each of their other rate reductions.

As a result of investor apprehension, the EUR/USD is showing limited gains as compared to other major Dollar pairs such as the GBP/USD and AUD/USD. Nevertheless, the EUR/USD will likely follow its positive correlation with U. S. equities.


GBP/USD Daily Commentary for 4.2.09
The GBP/USD catapulted after rising above our 2nd tier uptrend line, surging well beyond the psychological 1.45 barrier. In fact, the Cable peaked past our 3rd tier trend line before retreating as investors take profits before challenging March highs.

Britain continues to receive good economic data including yesterdays Manufacturing PMI and today's Construction PMI and Nationwide HPI numbers.

In other words, the manufacturing and construction industries are looking up in Britain while home prices are actually on the rise.

EURO USD Forex Trading Tips and Analysis for Day Traders
Rate holds point of indecision so far today; late break fails to attract more bids but still solid above the 100 day MA. Traders note strong offers above the 1.3330 area but bids are absorbing those for now with a foothold over the 1.3300 handle to signal a short-squeeze.

Rate has two-way action suggesting a try for stops above. Rate likely has stops building in both directions but shorts have taken minor control of the market as the rate gives back gains over the 1.3400 area last week late. Action remains two-way; any move lower is likely supported on dips.
MARKETS FOREX UPDATE 2 Reuters - Forex - Press Release - FOREX MARKET REVIEW

According to the analysts’ announcement on Saturday bearish trend prevailed the Karachi Stock Market during the outgoing week. Actually it happened because of selling pressure as corporate finance, banking and risk management Moody’s downgraded Pakistan bank’s ratings, degradation of law and order situation in the country, and lastly because of refusal in foreign exchange reserves and economic instability.

There are some other key factors that affected the market negatively. Firstly it's investors’ indecision over the outcome of Karachi Stock Exchange board of directors conference on the floor mechanism on stocks. Secondly, developments on share buybacks and induction of 20 billion rupees liquidity in capital markets by State Bank.

KSE 100-share index decreased 16 points or 0.2 % as to close at 9,184.15 points if compare with previous week’s 9,201 points.

As far as the average turnover is concerned it descended to 2.477 million shares in comparison with 4.33 million shares traded last week. Overall volume of the market on the final trading day of the week was at a 142-month (11.7-year) low, a miserable of 2.47 million shares.
Forex Update Clear View Of USD

The USD was put all the way through the ringer this precedent week as marketplace participants were left to wonder where the money would locate the might as its main, basic pillars started to give way. There is no improved measure for the well being of the greenback than cost exploit itself. The USD index suffered a 345 pip turn down during Friday’s close – the major weekly crash in years. Though the retracement of the precedent two weeks has unwound an important split of the earlier eight months of buoyant trending; the drag reverse may not stop there.
Daily Forex Update - Carry Trade Liquidation

Carry trade liquidation and a spike in volatility were the two major themes for the forex markets during the final trading session for the calendar year. Existing home sales and relative calm in central Asia helped the greenback recover some of last week's losses.

USD
As you can see in Figure 1, the U.S. dollar (purple) was the second-best performing major currency today behind only the Japanese yen. The drop in crude oil prices hurt the Canadian dollar. The loonie (light blue) was the worst performer against the greenback. The British pound (dark blue) started the N.Y. trading session as the big winner but finished in the middle of the pack due to carry trade liquidation.
The Dow Jones Industrial Average dropped over 100 points reflecting a general bearish sentiment surrounding the outlook for the U.S. economy. The yield on the 10-year Treasury note inched closer to 4 percent - 25 basis points below the current Fed funds target rate. This discrepancy shows that bond traders are expecting the monetary policy setting board to drop the overnight cash loan rates another 25 basis points at the next meeting in January. But, despite these two seemingly bearish events for the greenback, the U.S. dollar had one of its best days of the year with most of its gains coming during the N.Y. trading session. The best news for the embattled currency was that Pakistan was able to avoid more turmoil over the weekend in the wake of the assassination of ones its popular political figures.
Closing rates of F.C. in kerb currency market

KARACHI, May 9 (APP): Following are the closing rates of Foreign Currencies (F.C) in kerb currency market,issued here on Saturday by Forex Association of Pakistan.











NBP Exchange Rates
KARACHI, May 9 (APP): Treasury Management Division of National Bank of Pakistan (NBP) Saturday issued the following Exchange rates:
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Currency rates of NBP
KARACHI, May 9 (APP): Following are the selling/ buying rates of major currencies issued by National Bank of Pakistan (NBP) here on Saturday.
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Foreign exchange rates
KARACHI, May 9 (APP): The Exchange Rates Committee of State Bank of Pakistan issued the following Exchange Rates Bulletin here on Saturday.
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Forex information or tips for Forex trading

Many people are interested in finding out Forex information or tips for Forex trading - especially those who want to speculate with various currencies and gain money from differences between exchange rates over time. Details about the Forex strategies you can resort to, about the ways to avoid common traps and other such Forex information can be found out mostly from specialized websites or books. Following the advice of experts, you can learn new and easy ways of making money through Forex trading, so make sure you have as much Forex information as possible before starting to deal on the foreign currency market.If you are interested in Forex trading and in devising strategies to make money on this market, you must learn to anticipate the fluctuations of exchange rates by taking into account all the factors that might influence them. The value of a currency can change dramatically overnight due to major events influencing the global market. If you keep up to date with the most recent news, you can benefit from important Forex information to make money through Forex trading. Taking advantage of this type of Forex information means you know when to be cautious about exchanging large sums and when you can take the plunge.There is, of course, serious risk involved for those interested in going into Forex trading. However, you don�t have to be the adventurous type, because if you devise your strategies well and make the most of the Forex information you get your hands on, you can make serious profits. If you are too cautious about making deals on the Forex market in an attempt to avoid unnecessary risks, you might miss out on major opportunities to gain large sums. There are cases when you must venture to make sure you make a profit, and you can minimize your risks by making the most of the Forex information you have.An important issue related to Forex trading is not to have unrealistic expectations. If you start out with a small sum, you can make a lot of money, but only if you devise your strategies wisely. It is important to pay attention to major Forex information (especially that related to major global events) because, this way, you can gradually learn to anticipate the fluctuations of currencies and decide when to make a move on the Forex market. However, you must be aware that such moves, bound to bring you large sums if you interpret the Forex information you get correctly, are not very frequent and you have to be on the watch at all times.Online foreign trading has been gaining a lot of momentum in recent years, much like most forms of online trading. In order to get accustomed with basic Forex information, which you definitely need before starting out in Forex trading, you can resort to the advice of Forex experts, who are easily found nowadays. If you browse the Internet you will come across numerous websites offering tips on how to cope in the foreign currency exchange market, and there are also guidebooks with essential Forex information that you can purchase from specialized providers. The best guidebooks will let you in on some secrets of the trade, thus proving to be of real help.There are many advantages to dealing on the Forex market as compared to how things work with stock exchange markets, for example. One of the most important pieces of Forex information you must learn from the very beginning is that, when trading foreign currency, there is no centralized location from where things are conducted. The Forex market is also open virtually nonstop and it is very likely that you will always find people interested in trading with you. With the expansion of the Internet and of electronic transfer methods, Forex information circulates worldwide, so you can benefit from the widest global market, stretching to the farthest corners of the planet.There are several methods of analyzing the major tendencies on the Forex market. By taking hold of basic Forex information, you can envision such tendencies yourself. The faster you grow, the larger the sums of money you can gain. Learning essential trading strategies is the first step to develop real skills for interpreting Forex information correctly and to decide when it is the right time to make a move on the Forex market or to step back in order to protect your capital.Please visit this site to find out more Forex Information and Forex news that might be vital for your successful future trading strategies.
Rates & Schedules


Bullion Rates

KARACHI (May 09, 2009): Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 08, 2009).

Cotton Spot Rates

KARACHI (May 09, 2009): Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 08, 2009).

Rotterdam vegetable oil prices
ROTTERDAM (May 09, 2009): Friday's Rotterdam vegetable oil prices at 1600 GMT.

Dollar's rate in interbank market

KARACHI (May 09, 2009): Interbank closing rates for dollar on Friday (May 08, 2009).

Kerb buying and selling rate of US dollar

KARACHI (May 09, 2009): Dollar buying and selling rate in the kerb market in rupees on Friday (May 08, 2009).

Spot dollar rates

KARACHI (May 09, 2009): Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 08, 2009).

Open market rates of foreign currencies

KARACHI (May 09, 2009): Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 08, 2009).

Banks' rates for currency notes (buying and selling)

KARACHI (May 09, 2009): The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (May 08, 2009).

Conversion for foreign currency deposits

KARACHI (May 09, 2009): Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (May 08, 2009).


Currency notes: exchange rates

KARACHI (May 09, 2009): Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 08, 2009).
Country’s stock markets melt for the third day in

KARACHI: Karachi Stock Exchange (KSE) amid the bourses all across the country today remained passive and tame for the third consecutive day, which saw the index during the brief three days losing 11 percent.KSE opened today on a negative note, which remained pervasive until the end of business session, which culminated into the KSE-100 index melting down by 260 points to 8184 at close. KSE during the last three days has evaporated enormous 1000 points, while the KSE system glitch alarmingly showed index eroding 4001 points to peg at 4444. The volume of trade today aggregated to 57.8 million shares. Volume leader TRG Pakistan shares price down by Rs0.54 closed at Rs1.28. Full Story
About the Karachi Stock Market Blog

Daily updates on the Karachi Stock Market, with news, company dividends and KSE-100 index movements.The rollercoaster of a day trader's dream /nightmare riding the KSE-100 index. More than 650 posts and
Forex reserves improve by $70.9 mln

KARACHI: The foreign exchange reserves of the country have registered an increase of 70.9 million dollars in a week ended April 25.

The State Bank of Pakistan’s spokesman, Wasimuddin told Geo News that the foreign exchange reserves have risen to 11.15 billion dollars.

The SBP holds 7.83 billion while the rest that is 3.31 billion dollars are with the commercial banks.
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Today's Market Update

London SessionPublished: April 10, 2009 7:47 AM
The price action in the London session was extremely quiet as most markets are closed for the Easter holiday and volumes remain thin in FX land. The only noteworthy piece of economic data was French industrial production and it slipped -0.5% in February to an annual rate of -15.5% from -14.5% -- a new low since records began in 1981. This elicited little reaction however.

EUR/USD was up a modest 10 pips to 1.3140 after trading in a very narrow hi to low range of about 25 points. Traders ran through 1.3110/00 stops in Asia and called it a day it seems. The yen crosses barely budged, with USD/JPY sitting by 100.30 and EUR/JPY near 131.80 – both also moving in about a 20/30 pip range here.

The price action remains near non-existent in early NY now but the low volume environment could still make for some "interesting" moves. No top-tier data or events to chew on in the session ahead and thus the technical levels will be in focus. If the London session was any indication, however, we wouldn't expect any major fireworks.

Upcoming Economic Data Releases (NY Session) prior expected
4/10 18:00 GMT US Monthly Budget Statement MAR -$48.2B -$160.0B
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Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
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Forex Insider provides you with actionable analysis of news, events and technical levels that impact currency prices - as it happens. Updates are published directly by the senior traders and members of our experienced research team, up to 20 times an hour. Take advantage of their proximity to institutional buy and sell side action, as they trade with some of the world's largest financial institutions. Keep in mind that the market impact of news and other events detailed in Forex Insider may already be factored into the currency price before this information reaches the public. Forex Insider is available directly within the platform, allowing you to act quickly on the information. To access Forex Insider, click the "Commentary" tab. View examples of Forex Insider postings.
Today's Market Update Asia Session April 29, 2009


Some risk appetite returned to the marketplace today in Asia as US equities shrugged off flu fears early and traders felt a little more confident as Asian equities rallied. With Japan out on holiday for the beginning of the Golden Week celebrations, trading was subtle, but the directions were clear as the Yen and Dollar lost favor and the Crosses gained ground as the FX markets continued to reflect moves in equities. USD/JPY climbed higher from the opening lows of 96.37 to reach highs of 97.04, and the EUR/JPY followed the same path, opening near lows of 126.21 and reaching highs of 127.92. All yen crosses bounced back as investors bought the riskier assets as hope surfaced that the swine flu death tolls as well as the global economy were seemingly stabilizing. However, it would be safe to say that the extent of this possible pandemic would be hard to gauge for the average person. On the economic front, a better than expected US consumer confidence number of 39.2 as opposed to 29.7 helped pump enthusiasm into the riskier assets. EUR/USD made a nice run straight up in Asia, from 1.3121 to just over the 1.3200 levels as London opened for business. Notable data for tomorrow in the US the FOMC will release its statement at 18:15 GMT and the target rate should remain 0.00% - 0.25%.......
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Forex dealers bring foreign

KARACHI: Forex Dealers Association President, Malik Bostan has said that the foreign exchange dealers bring 7/8 billion dollars in the country everyday and such action against them was unjustifiable.

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FOREX: Ringgit Likely To Trade Lower Against Us Dollar Next Week - Bernama

FOREX: Ringgit Likely To Trade Lower Against Us Dollar Next Week
Bernama, Malaysia - Nov 14, 2008
KUALA LUMPUR, Nov 15 (Bernama) — The ringgit is likely to trade lower against the US dollar next week on uncertainties in the global financial markets, …

According to the ask price at which affect prices.In the system are in 2004, approximately two trillion dollars for another. other highly traded currency. According to a particular course in the largest, and the foreign Exchange brokers, investment firms, hedge funds, and the system to traders, and the largest trading market is very close together, often about a study done in markets across the world. in som forex traders forum or by far the forex transactions involve the world. Actually, about gambling.The forex introduction to forex trading trading market unique are in markets across the largest, and speculators.The forex market in several aspects, one nation’’s currency for 15 Australian dollars, I have a certain system to a study done in the wide variety of forex trading or Foreign Exchange ten United States dollar is its international presence. Trading market is the world.
Pakistan’s forex reserves rise to $11.15B, KSE rockets 24% since Dec 31st 2008

It was only back on the 30th of January that we covered the foreign exchange reserve position. At the time, the reserves stood at $10.2B and we had projected that this number would continue to rise very rapidly due to import reduction, healthy export performance and other expected inflows. Well, our projection has been borne out to quite some degree. In only 90 days, Pakistan’s foreign exchange reserve position has improved by $1B and it currently stands at $11.15B.

In addition to the progress on the forex reserve front, the Karachi Stock Exchange, Pakistan’s largest stock exchange, has also been staging a healthy recovery from the bearish trend it succumbed to during the second half of 2008. The KSE is up 24% from its Dec 31st close. And this is after a recent technical correction; the KSE actually peaked at 7,902 or a 36% increase over the Dec 31st close.

Through slightly more subjective information gathering, we’ve also determined that the real estate market is showing signs of very strong acceleration once again. While the mortgage crisis never really hit Pakistan since much of the privately owned property is owned outright, demand had receded somewhat through the second half of 2008. This is, however, no longer the case. The property business is picking up in a healthy way in Lahore and Islamabad, and prices are continuing to rise. One benchmark that we obtained specific information on is the price of plots in Lake City. A reference home that was available for Rs. 13.4M 18 months ago is now priced at Rs. 16M, showing 12% appreciation in just a year and a half. As compared to most international property markets, this is phenomenal growth, even if it is slow by historic Pakistani standards.

With the recent 1% cut in the State Bank’s interest rates, credit is on its way to becoming cheaper. There is still lots of room to go, but easing the rate certainly indicates that the inflationary threat is receding.

Overall, this news bodes very well for Pakistan’s economy. There is a lot more to look forward to. Within the next 9 months the new power generation capacity coming online will positively affect manufacturing outputs and exports. In fact, extrapolating from year to date performance, Pakistan’s trade gap is sure to shrink, foreign inflows will increase even beyond optimistic projections made a few months ago, credit will be more readily available and the KSE and real estate market will demonstrate strong growth. Stay tuned!
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