Thursday, May 26, 2011

Features currency

Features currency

In this section you can see a few details about each country and using this will help to determine how the news events affecting each country. By knowing these affect the country will help better to trade different pairs for different listings, or more than one pair of the same competition.
1st Trading on Yen: Japan's export-dependent nation, a strong yen could hurt the manufacturing sector and in turn you will see country / bank intervention. The yen also vulnerable to soaring oil prices and bank-sensitive advertisements.
2nd Trading the Euro: The euro is composed of 12 economies, among them Germany's largest. This pair is sensitive to changes in interest rates and it is sensitive to U.S. economic changes. EUR / USD is called the most liquid currency pair.
3rd Trading on the British pound: The pound and a high correlation with the euro, which is sensitive to oil prices, and represents 10% of GDP. It is also know to have historically high interest rates.
4th Trading on the Swiss franc: Frank is known to run with 35% of global wealth. It is sensitive to changes in interest rates and banking, it is also known as being "safe haven" during the global turmoil (war, terrorism, etc.).
5th Commodity Trading Currency: These funds consist of Aussie (AUD), Canada (CAD), and New Zealand (NZD). All of these three currencies are dependent on exports of raw materials. Canada is a major exporter of oil, the Aussie is a replacement for gold, and they are known to be sensitive to weather conditions and population changes.

No comments:

Post a Comment

Powered by Blogger.