Fx Capital Fund Inc

2008-12-01T08:10:00.000-08:00

NOW OPEN FOR MEMBERSHIP RECRUITMENT

We have spoken to the Administrator Mr Ryan J and excrept of the conversation are as follows:

1. Kindly introduce yourself and tell us something about Elite Entertainment Club.
My Name is Patrcia Lafargue and I live in USA and I am the Marketing Manager associated with this group over the last 6 months. We are part of www.uniwayholdings.com and www.fxcapitalfund.com group of companies, which we have already and successfully running last 1 year plus. As for Elite Entertainment Club, EEC as we like to call it is a membership program where we raise equity this way. It’s like private equity, private investment. Raising fund this way is easier and lower cost. The capital we raised will be invested in 3 phases, in the entertainment, f&b and real estate. All these are stated on our website. We believe that during this financial uncertainty, entertainment and f&b will strive as people would be looking for ways to ease the work stress. Moreover, these is a good time for networking and build new friendships as you never know if your new friend could connect you to a new job.

2. What are the plans the EEC have to build a business and keep it profitable?Under phase 1, we will start a chain of concept bistro in several capital cities within Asia. Of course with the latest developments we will choose a more suitable location in a particular country. Being in f&b industry is basically a cash business. The margins are good. To ensure its success, we have ventured with experience people who have been and still are, from the industry.

3. What are the payment methods if a member wishes to send their funds to you?
Our members can come from anywhere in the world. To be on save side, we only accept Wire Transfer into our account. This is to ensure there is no money laundering activities and even other payment processor which people want to accept those have lot of issues.

4. What do you feel or what is the difference between your HYIP and other HYIP
My apologies. First of all we would like to clear the fact that we are not like HYIP which you see on different forums which normally say 2 % daily or 3 % or 140 % in 20 days. We have been into finance industry and our expertise from this field of more than 20 years. I apologies to say but these kind of thing never exist and no business can generate this much of profit like this. We are very clear and transparent to investor and stick to reality. we are not here to collect money and vanished.
You can see our management team to our corporate company www.uniwayholdings.com. So let us stick to basic and reality of industry not fake promises which can never be fulfilled on ground realities.

5. You say profits from the operational company will be shared to your members. Tell us the name of this bistro?We cannot tell the name of bistro yet. We are in the process of register trademark it. Once we have completed with the registration we can inform publicly. We are registering it as trademark as we will open the business under franchise concept. So you see the trademark is very important to us.

6. If you can say one thing that will make the fence sitters to have better confidence to join your membership, what would it be?
The profits that we are going to distribute come from a registered entity with assets. Even if I am no longer around, the appointed management team and other business partners will be there to oversee the business as long as possible. Why would one kill the goose, that lay the golden egg?

7. Do you provide any investment certificate to investors?
Yes we have online membership certificate when an application has been approved and upon starting operations we will be sending to all members life time membership/discount card which will entitled them to get discount on all our bistros.

8. Do you really invest into these projects which you have mentioned on your website?
Off course, we will. Every investor of our company will be free to come and see those projects during development, and after development year after year. The outlets are also open for public business, or course less the members’ benefits.
Company also have plans to go listing into stock exchanges to make public which totally depend on time and equity raise.

9. If the company has such plans, why you come such way on forums, you can use other channels to promote your business or can raise equity from pool in fund investors or banks.
We must admit, during such financial crisis, banks and equity pool dries up already. They don’t take new project even if it is strong fundamentals. Yes we understand we are coming this way so you feel like this. But it is always best to raise money from public and let we share good profits to our investor year after year. It is fastest way also to meet our goals.We are dedicated to our goals to meet up on time.

Elite Entertainment Membership Program

2008-11-24T01:43:00.000-08:00

NOW OPEN FOR MEMBERSHIP RECRUITMENT

C$ slides 0.4 percent, approaches key technical levels

2008-11-17T07:24:00.000-08:00

By John McCrank TORONTO, Nov 17 (Reuters) -

Canada's dollar fell against the U.S. dollar on Monday, as investors

worried about the dimming long-term prospects for the prices of

oil and other commodities that Canada exports.

2008-11-13T19:01:00.000-08:00

We are expanding, looking for leaders in your area!

Treasury scraps assets plan | Video | Reuters.com

2008-11-12T19:34:00.000-08:00

Treasury scraps assets plan Video Reuters.com

Sterling slumped to a record low against the euro

2008-11-12T19:08:00.000-08:00

LONDON, Nov 11 (Reuters) - Sterling slumped to a record low against the euro on Tuesday, as traders continued to dump the currency on ongoing worries about the UK economy and the country's ailing financial system amid a global recession. The euro rose as high as 82.14 pence according to Reuters data, climbing to its highest level since the single currency was launched in 1999.

"My guess is that stop losses have been triggered in thin trade. The market had been making a few tries at the top, and now it has gone through," said a trader in London.

Broad sterling weakness had pushed the currency down to a 12-year low of 84.6 against a basket of currencies <=GBP> earlier in the day, and the pound fell to a session low of $1.5508.

View more articles here - www.fxcapitalfundincorp.blogspot.com

Talks of the Week

2008-11-09T18:15:00.000-08:00

- Talk of new world orders, global stabilization and a 21st century Bretton Woods will dominate the early part of next week as finance chiefs gather in Brazil to prepare for the Nov 15 summit in Washington DC.

- G20 talks will center on regulation, ratings firms, accounting standards, risk management and surveillance -- none of which will generate particularly good news for markets. But the talks should increase pressure for more fiscal stimuli, more funds for IMF rescues and more on coordinated central bank activity on interest rates, money and currency markets.

Singapore feeling the aftermath of Lehman Brothers

2008-11-07T10:21:00.000-08:00

SINGAPORE, Nov 7 (Reuters)

Cancer patient Lim Qing Si was one of thousands of hard-working Singaporeans who lost their savings in the financial crisis, especially when Lehman Brothers collapsed and its secured products became virtually worthless.

"All this money is my husband and my retirement savings," said Lim, a 54-year-old retiree, who must now scramble together what's left of her savings to pay for cancer treatment after a malignant tumour was found in her leg.

In all, nearly 10,000 people in Singapore stand to lose over S$500 million ($338 million) due to the collapse of Lehman Brothers Holdings Inc, the central bank says.

The incident left many financially scarred but politically awakened in a city-state where protests are rare and street gatherings of five or more people require a permit.
Lim and others have taken advantage of a recent government move to create a forum for public protest, a "Speakers Corner", modelled on the Hyde Park bastion of free speech.
Since the financial crisis struck, hundreds of ordinary working-class people who have lost money have gathered each Saturday to air their grievances and call on the government to help recoup their losses.

"I hope the authorities, who are supposed to protect ordinary people, should be much more proactive," said Tan Kin Lian, the protest organiser and a former chief executive of a large Singapore insurer.

Following the weekly protests, the central bank said it would investigate alleged mis-selling of Lehman-linked products, such as DBS Group's "High Note 5" and Lehman Brothers mini-bonds sold by banks across the island state.

Singapore's biggest bank, the DBS Group <DBSM.SI>, was among the banks that sold Lehman products to its customers, many of whome were simple, working-class people looking for safe investments for their retirement savings in a country without state pensions.
DBS has said it will pay up to S$80 million to compensate some investors. Maybank <MBBM.KL> also said it has identified mini-bond investors for compensation, while smaller financial institution Hong Leong Finance <HLSF.SI> said it will buy back Lehman-linked mini-bonds from elderly and less-educated customers.

These offers may ease public pressure, but the discontent Singaporeans feel has shaken their faith in a government that espoused a pro-investment culture, analysts said.

Singapore, which has been ruled by one party, the Peoples' Action Party, since its independence in 1965, has always been a promoter of investment, encouraging foreign firms to invest in the country and its compliant citizens to invest in their future by putting their savings in financial products.

Eugene Tan, a law lecturer at Singapore Management University, said the fiasco "puts the government's credibility at risk" and the government had to be seen to do more.
"The Lehman bonds incident affected a very vulnerable segment of Singapore's population," said Tan.

The involvement of the largest bank DBS "made the issue very germane and very alive", Tan added. DBS is partly owned by Temasek Holdings, which is a government linked company.

"Where there has been mis-selling, it has to be put right," Singapore's Prime Minister Lee Hsien Loong was quoted as saying in the Straits Times newspaper.

New turmoil - Stalled trade finance threatens global economy

2008-11-07T02:38:00.000-08:00

By Thomas Atkins

DUBAI, Nov 7 (Reuters) - A seizure in trade financing threatens the world economy and big banks must begin lending again soon to avoid "horrendous" consequences, a senior official at the World Trade Organisation said on Friday.
Richard Eglin, director of the trade finance division of the WTO, said big banks like Citigroup <C.N> and HSBC <HSBA.L> were preparing to gather in Geneva on Nov. 12 for a crisis meeting with WTO officials ahead of a Group of 20 advanced and emerging nations summit in Washington two days later.

Trade officials and the banks hope to reinvigorate a $10 trillion market for short-term lending used by exporters and importers to cover costs of shipping everything from soyabeans to auto parts.

"It is essential that liquidity is injected into this market," Eglin told Reuters on the sidelines of a World Economic Forum meeting held in the Gulf Arab financial centre, Dubai.

"We've seen the cost of credit go up, and that's if you can even get ahold of it," he said. "That's causing real friction."

Banks and the WTO will assess the depth of the crisis and devise solutions, and may take a request to the Washington meeting, he said, where some European leaders hope to launch an overhaul of the global financial architecture.

The consequences to stalled trade finance are already apparent, Eglin said, with shipments delayed and exporters struggling to find short-term loans.

"Trade stops. The conseqences of that are horrendous. It's clearly essential," he said.
Developing countries are suffering the most from the stalled trade finance market, which is concentrated in the hands of the world's biggest banks such as J.P. Morgan <JPM.N>, Royal Bank of Scotland, <RBS.L>, Commerzbank <CBKG.DE> and ING <ING.AS>.

"The solution is, at the end of the day, with the banks," Eglin said.
Around a dozen banks are expected at the meeting.
Roughly 90 percent of the $14 trillion annual world trade volume is financed by credit, drawing on simple and traditional banking instruments dating back to the Middle Ages.

But bankers say they are running out of capacity for trade finance. The price of financing has shot up, squeezing some exporters and importers, especially from developing countries, out of the market.

Efforts by the International Financing Corporation, the World Bank's investment banking arm, to get trade finance flows moving again are welcome but, at around $2 billion, represent a "drop in the ocean" in the multi-trillion-dollar market, Eglin said.

In October, Brazil's government announced it would use its foreign reserves to increase credit lines for exporters who have been finding it hard to get trade finance.

source- Reuters

Global Brief

2008-11-06T18:54:00.000-08:00

- Bank of England slashes rates by 1.5 points to 3 percent

- ECB cuts rates by 50 basis points

- South Korean won hits one-week low, hit by export fears

- Euro falls against dollar after ECB cut

- British pound loses ground after BoE rate move

source: Reuters

Rate Cuts - India Central Bank cut rates

2008-11-05T18:40:00.000-08:00

India's central bank on Saturday unexpectedly cut it benchmark interest rate by 50 basis point to 7.5 percent and banks' cash reserve requirements by 100 basis points to 5.5 percent to cushion the economy against a global slowdown.

Oil jumps, US dollar slumps on US election day

2008-11-04T18:25:00.000-08:00

November 5, 2008
Oil prices jumped more than 10 percent and gold shot higher after investors dumped the U.S. dollar on Tuesday in favor of commodities and stocks, relieved that the Election Day ends the uncertainty over who will be the next American president. The U.S. dollar slumped in its biggest one-day drop against a basket of currencies in 13 years as investors bet interest rate cut around the world, typically a boost for the U.S. currency, will stimulate growth and ease the global financial crisis. U.S. and European shares surged as commodity stocks tracked rising crude oil and metals, and investors brushed aside more dire U.S. economic data as they awaited to see whether Barack Obama or John McCain would be the next U.S. president. The Dow rose more than 3.0 percent and the broad S&P 500 gained more than 4.0 percent, tracking a similar rise in European shares. The S&P closed above the 1,000 mark for the first time since Oct. 13. It was the largest Election Day rally ever in the United States, a market holiday before 1984.

COMING EVENTS

2008-11-02T19:03:00.000-08:00

Monday, Nov. 3

MARSEILLES, France - Eurogroup of finance ministers meeting.

HELSINKI - Head of IMF mission to Finland holds news conference on fund's annual country review.

WASHINGTON- U.S. Commerce Dept issues Construction spending for September

Tuesday, Nov 4 SYDNEY - Reserve Bank of Australia holds monthly policy meeting

BOJ cuts rates, Barclays to raise fund

2008-10-31T03:09:00.000-07:00

LONDON/TOKYO, Oct 31 (Reuters) - Japan cut interest rates for the first time in seven years on Friday, expecting severe stress in the global economy to persist, while UK banking giant Barclays said it was raising $12 billion in capital.

The Bank of Japan's move followed a cut in interest rates from the U.S. Federal Reserve earlier in the week and likely presaged the same from the European Central Bank and Bank of England next week.

Policymakers have been struggling to find the right response to a rapid slowdown in the global economy that has hammered corporate profits and sparked a record freefall in global stock markets in October.

Ripples from the crunch continued to flow on Friday with Barclays Plc saying it planned to raise 7.3 billion pounds ($12.06 billion) in additional capital from outside investors including from Gulf state Qatar.

Earlier this month, Barclays said it wanted to raise capital but would raise it privately rather than take UK government cash, as rivals Royal Bank of Scotland, Lloyds and HBOS are.

US dollar steadies as risk aversion eases

2008-10-30T19:26:00.000-07:00

By Wanfeng Zhou

NEW YORK, Oct 30 (Reuters) - The U.S. dollar rose against the yen on Thursday, but was little changed against the euro, after gains in world stock markets and an interest rate cut by the Federal Reserve on Wednesday helped ease the recent flight into the dollar.

Adding to pressure on the yen was growing speculation that the Bank of Japan will cut interest rates by a quarter percentage point on Friday.

The U.S. dollar also edged higher against the euro in late trade, although it pared most of its gains, fueled by month-end demand from fund managers seeking to square their books or rebalance their portfolios.

"Currently, U.S. dollar moves are largely reflecting equity trading and vice versa, with the dollar and equities dominated by swings between risk aversion and risk appetite," said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto.

"The yen faces additional risks as the BoJ decides whether to cut interest rates," he added.

In late trading in New York, the dollar climbed 1.2 percent against the yen to 98.60 yen , extending its recovery from a 13-year trough just below 91 yen touched on EBS late last week.

The euro was down 0.2 percent at $1.2930 in volatile trade, pulling away from intra-session highs at $1.3300, but well above a 2-1/2-year low of $1.2329 hit this week on electronic trading platform EBS.

Fund managers worldwide are expected to buy substantial amounts of dollars as the month-end approaches to neutralize hedges because of the reduction in their portfolios.

"People are looking at the month-end tomorrow and the market is expecting massive demand for dollars," said Richard Franulovich, senior currency strategist at WestPac Banking Corp. in New York.

DOLLAR DEMAND STAYS

The Intercontinental Exchange's dollar index, which measures the dollar's value against six other major currencies, was up 0.1 percent at 84.652

Data released earlier showing a smaller-than-expected contraction in the U.S. economy in the third quarter underpinned sentiment on risky assets, including higher-yielding currencies.

Still, the fall in U.S. gross domestic product in the last quarter was the sharpest contraction in seven years.

The rebound in stocks and high-yielders came after the Federal Reserve reduced borrowing costs by a half percentage point to 1.0 percent on Wednesday and left the door open for further easing of monetary policy.

The Fed on Wednesday also approved currency swap lines with central banks in several major emerging countries, making dollars available to help them deal with the credit crunch.

But analysts were mostly skeptical about the market's renewed optimism, noting a recovery in risk appetite may not be sustainable and should mean demand for U.S. dollars would remain intact.

"October's global easing has been enormous, and more easing is likely to come in the next few months. But the global economy will deteriorate much further next year," UBS wrote in a research note.

"As a result we continue to favour the low yielding safe-haven currencies and expect the euro to return back towards $1.20 once the rally in risk assets falters."

Elsewhere, sterling rose 0.3 percent against the dollar to $1.6470. The Australian and New Zealand dollars also rose 2.4 percent and 1.2 percent against the U.S.dollar respectively.

* Yen slides as stocks gain, high-yielders rise

* US dollar underpinned by funds demand by month-end

* U.S. 3Q GDP declines less than expected

UNIWAY - Viral Plan

2008-10-30T08:53:00.000-07:00

FOREX-US dollar posts biggest daily fall in 23 years

2008-10-29T19:50:00.000-07:00

30 Oct 2008
The U.S. Federal Reserve cut interest rates to their lowest
level since June 2004 on Wednesday and left the door open to
further reductions as it tried to stave off a prolonged
recession.

* Fed cuts interest rates half-point to 1 percent

----------------------MARKET SNAPSHOT @ 0142 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 <.SPX> 930.09 -1.11% -10.420
USD/JPY 98.51 1.14% 1.110
10-YR US TSY YLD 3.8681 -- 0.006
SPOT GOLD 766.45 1.61% 12.150
US CRUDE 69.03 2.27% 1.530
DOW JONES <.DJI> 8990.96 -0.82% -74.16
ASIA ADRS <.BKAS> 89.85 -0.53% -0.48
-------------------------------------------------------------

expected Fed rate cut

2008-10-29T07:14:00.000-07:00

NEW YORK, Oct 29 (Reuters) - U.S. Treasury debt prices gained on Wednesday as bond investors bet on a steep interest rate cut later in the session when the Federal Reserve's policy-setting meeting ends.

Bond traders also kept a close eye on stock markets for more bursts of extreme volatility after Wall Street opened on a weak footing. The dollar's decline against the euro on Wednesday after its spectacular gains in recent weeks and crude oil's slight rebound above $66 per barrel were other barometers traders were watching closely.

U.S. short term interest rate futures showed market participants expect at least a 50 basis point cut in the federal funds target rate, with some perceived possibility of a deeper 75 basis point cut.

"You have 50 basis points pretty much priced into the market here," said Sean Murphy, Treasury trader with RBC Capital Markets in New York.

Once the Fed announces its decision, which is expected around 2:15 p.m. EDT (1815 GMT), "any strength in Treasuries you do see off a 50 basis points rate cut I think you will see more in the short end than the long end," Murphy said.

Government notes and bond yields, which move inversely to their prices, tend to fall when the central bank cuts rates, with short maturities' yields usually losing the most.

"(A Fed rate cut of) 25 basis points would look like tinkering, 75 basis points would leave them with few spare bullets, leaving 50 basis points as much preferred," wrote Alan Ruskin, chief international strategist with RBS Greenwich Capital in Greenwich, Connecticut.

The benchmark 10-year Treasury note's price rose 10/32 for a yield of 3.81 percent versus 3.85 percent late Tuesday.

The 2-year Treasury note yield was at 1.58 percent , versus 1.59 percent late Tuesday, after investors had shown strong demand at Tuesday's $34 billion sale of 2-year notes.

Earlier, U.S. Treasury debt prices pared gains fleetingly after a stronger-than-expected durable goods orders report hinted economic weakness might not yet be as severe as some analysts anticipate.

Murphy added that some investors were said to be making a hefty portfolio reallocation into stocks and out of government bonds as this month -- one of the worst ever for U.S. stocks -- draws to a close.

(Reporting by John Parry; Editing by Chizu Nomiyama) ((John.Parry@thomsonreuters.com ; +1 646 223 6303; Reuters Messaging: john.parry.reuters.com@reuters.net)) Keywords: MARKETS BONDS

-------MARKET SNAPSHOT AT 9:24 a.m. (1324 GMT)-------
Dec T-Bond 117-02/32 (+23/32)
Dec 10-Year note 114-20/32 (+09/32)
Change vs Current
previous New York close yield
Three-month bills 0.65 (-0.12) 0.6601
Six-month bills 1.13 (-0.09) 1.1395
Two-year note 99-27/32 (-06/32) 1.5837
Five-year note 101-31/32 (+07/32) 2.6945
10-year note 101-18/32 (+11/32) 3.8068
30-year bond 105-22/32 (+21/32) 4.1635

S.Korea seen readying fresh crisis measures as markets jump

2008-10-28T21:20:00.000-07:00

By Park Jung-youn and Yoo Choonsik

SEOUL, Oct 29 (Reuters) - Hopes in South Korea that interest rate cuts by major central banks would cushion the blow of the global financial storm on the export-driven economy lifted the country's markets on Wednesday as reports pointed to fresh measures being prepared by the government.

South Korea's central bank already slashed its main interest by 75 basis points on Monday to 4.25 percent, its largest single cut on record, to try to boost Asia's fourth-largest economy and restore confidence among investors.

International financial markets have priced in a rate cut from the U.S. Federal Reserve later on Wednesday.

Sources told Reuters that the Bank of Japan could be preparing a rate cut on Friday and the European Central Bank and Bank of England are expected to cut their rates next week as policy makers confront the deepest financial crisis in decades.

The rate hopes boosted Seoul shares <.KS11>, which suffered their largest weekly fall last week on fears of a prolonged global recession, more than 7 percent at one point in early trading. At 0400 GMT, the Seoul index was up just under 1 percent on the day.

On Tuesday, the National Pension Service helped boost buying sentiment with comments that it considered the value of local shares as cheap and was moving to snatch them up. Analysts also said investors were looking for bargains among the debris of a hard-hit market, but sentiment remained cautious.

JPY Rallies on Safe Haven Flows

2008-10-23T18:19:00.000-07:00

by Korman Tam

Burgeoning fears of a potentially severe global economic recession continued to prop the dollar and yen higher amid sentiment that the ECB and BoE will need to aggressively ease policy to stimulate their economies. Safe haven flows propped the greenback to 1.2729 versus the euro and 1.6046 against the sterling, while the yen surged to 123.17 to the euro and 154.61 versus the pound. Global equity bourses extended recent losses, with the Dow Jones and Nasdaq trading under heightened volatility and whipsawing by the afternoon session.

Canadian Dollar Slips as Bank of Canada Cuts Rates Less Than Expected to 2.25%, Signals More To Come

2008-10-21T19:31:00.000-07:00

Written by Terri Belkas, Currency Strategist

The Canadian dollar has pulled back as the Bank of Canada cut the overnight rate target by 25bps to 2.25 percent, the second reduction this month after participating in the October 8 coordinated rate cuts with the Federal Reserve and European Central Bank, among others. However, the reduction was less than expected, as a Bloomberg News poll of economists had forecasted a 50bp cut. A look at the BOC's press release shows that they are very concerned about prospects for Canadian growth given the weaker outlooks for global demand and commodity prices, as well as the "marked tightening" in credit conditions. Since expansion in the country depends heavily on exports, the combination of slowing foreign demand and lower commodity prices has the potential to be highly detrimental for Canadian terms of trade, output, and labor markets. Looking forward, the BOC projects average annual growth in real GDP to slow to 0.6 percent in both 2008 and 2009, but to pick up in 2010 to 3.4 percent. Likewise, the BOC said that headline CPI should peak in Q3 2008 and subsequently fall below their 2 percent target in 2009.

Overall, this press release suggests that the BOC will cut rates further, especially since they said that "some further monetary stimulus will likely be required." Credit Suisse overnight index swaps continue to price in 100bps worth of cuts over the next 12 months, which could add pressure to the already weakening Canadian dollar. Focusing on USD/CAD, the pair is currently testing resistance at the 61.8 percent fib of 1.4001-0.9056 at 1.2109. The next major level of resistance is at 1.2500.

Managed Account

2008-10-20T08:10:00.000-07:00

Over the last 1 month, stocks price from various market has fell by 20%, property market has stagnant and expected by at least 10-20% within the next one year. Currency, from several countries had appreciated or depreciated.

One thing for sure, if you have invested in stocks or property, you would be in a vulnerable position at this point of time. Liquidating will mean loosing or worse, like the property market will take upto 6 months to get back your cash, that is if you are able to sell your property.

At Uniway Holdings, we Managed a pool of account to be invested in forex trading. Your funds are managed by full time trader who are good in their field. Whether the stocks drop in value or the property drop in price, trading in currency, remains constant, i.e. profitability when you read the market correctly. You can short or long the position. So when the currency weakens or strengthens, you could still make a profits.

For the last quarter, Uniway Holdings has declared a profit of 20.75% to its members. Not bad, considering that the stock markets and property has retracted by the same percentage.

And if you referral a client to Uniway Holdings, you can even earn an extra income. So this trying time, build your second income stream, by joining as Cadet. So if your nature of current business stagnant or soften over the coming months, you would have build a good income stream by referring and getting your investment dividends. Let your money be your 7 Eleven, earning 24 hours a day while you work, play, eat or sleep.

Japan gives unlimited dollar support

2008-10-15T20:43:00.000-07:00

TOKYO (AP) -- Japan's central bank said Tuesday it had expanded the scope of its agreement with the U.S. Federal Reserve, allowing it to provide more cash to financial institutions to keep money markets operating smoothly.

The Bank of Japan said it had revised a dollar-yen swap agreement with the Federal Reserve and will now offer an unlimited amount of dollars to banks and other financial institutions operating in Japan. The previous limit was $120 billion.

Short-term interest rate
The BOJ also left its main short-term interest rate unchanged at 0.5%.

The announcement brings Japan's central bank in line with its global peers. On Monday, the European Central Bank, the Bank of England, the U.S. Federal Reserve and the Swiss National Bank jointly announced they would also provide unlimited short-term dollar funding.

The moves are part of an effort by the global central banks to keep cash flowing in money markets by providing a steady source of dollars.

The BOJ had said previously it was considering the move. It also revised margin and interest rates, all "with the aim of ensuring stability in financial markets," according to a statement.

Japan's central bank made the announcement after an emergency meeting Tuesday night

Why Moving Averages Are Popular

2008-10-07T23:02:00.000-07:00

Moving averages are used by every trader, even those that don’t favor technical analysis. Why is this indicator so prevalent, even among traders who enjoy fundamental investing?

KISS: Keep It Simple, Stupid

One of the biggest reasons that moving averages are so popular is due to their simplicity. While profitable traders have been using a moving average on their charts for quite some time, the moving average remains one of the most simplistic forms of technical analysis. Uptrend, downtrend, or sideways trend, moving averages have been perfected for their use as support and resistance lines and as a general prediction of where the markets are headed.

Day trading strategies with any trader frequently involve the use of one or many moving averages to guide the price. Professional traders use moving averages to coincide with the thinking of the “big boys” on the market. Many investment firms and trading houses employ moving averages to see the previous X days of price movement. Creative techniques are used with moving averages to perfect their predictions. For example, a moving average may be set back on the chart by a few bars to make it even more of a lagging indicator, or a number might be modified to exclude a random blip in the chart.

Track a Stock in a Short Timeframe

The profitable trader also uses moving averages to see how a stock has done after a specific event, an earnings call for example. Moving averages also work as great stop losses and profit points to preserve trading capital. Many professional traders like to set their profits just below a key moving average to get out before a big bounce off a trendline.

Moving average crosses can also predict a large downtrend or uptrend by displaying when two different moving averages cross. When the short term moving average passes over a long term moving average, profitable traders recognize a momentum movement and enter a long position. When the short term average passes below the long term, a sideways trend or downtrend is likely to occur.

How to Use Them in Your Trading

A trading plan planner should be used to monitor moving averages and their result on a good trading plan. Even traders who despise technical analysis find some value in a moving average and the data it shows. Professional traders agree: a moving average is a great way to determine a reasonable value for a certain security considering its recent prices.

How Trade Forex will accumulate your wealth.

2008-10-07T22:57:00.000-07:00

Take control of your own finances. Beat the returns from mutual funds, hedge funds or managed funds.
Start-up costs are low when compared with day trading stocks or futures.
Forex is the world’s largest market. No one can corner the market.
With a trading volume of around $3.2 trillion dollars a day( Bank for International Settlements April 2007), no single entity can control the market for an extended period of time.
You can make money when the market is going up or down.
Forex markets trade 24 hours a day. There is no waiting for the opening bell.
Technical analysis works very well and the market trends well.
Forex offers up to 100:1 leverage but it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage.
The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
You can make money working only a few hours a day or week on your computer.
You can trade from anywhere in the world where there is an internet connection.
You can gain experience without risking your own money by using a free demo account.
When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose one or two currency pairs and focus your analysis.
During this challenging times, where the money market is volatile but predictable as the western countries will at their best support the currencies from drowning, its time to bet.

Pivot Trading con't

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Advanced

As mentioned earlier, there are lots of ways to trade with pivot points. A more advanced method is to use the cross of two moving averages as a confirmation of a breakout. You can even use combinations of indicators to help you make a decision. It might be the cross of two averages and also MACD must be in buy mode.

In the example below the market passed through S1 and then retraced to the S1 line again. It then formed a channel. At around this time we had a cross of the averages, MACD signaled buy and there was a breakout of the channel line. This gave a great signal to go long with a target of the original pivot line.

Mess around with a few of your favorite indicators to help determine an entry around a pivot level but remember the signal is a break of a level and the indicators are just confirmation.

Pivot Trading con't

2008-10-07T22:37:00.001-07:00

The Pullback Trade

This is one of my favorite set ups. The market passes through S1 and then pulls back. An entry order is placed below support, which in this case was the most recent low before the pullback. A stop is then placed above the pullback (the most recent high - peak) and a target set for S2. The problem again, on this day was that the target of S2 was to close, and the market never took out the previous support, which tells us that the market sentiment is beginning to change.

Pivot Point Trading

2008-10-06T19:29:00.000-07:00

You are going to love this lesson. Using pivot points as a trading strategy has been around for a long time and was originally used by floor traders. This was a nice simple way for floor traders to have some idea of where the market was heading during the course of the day with only a few simple calculations.

The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. These points can be critical support and resistance levels.

The pivot level and levels calculated from that are collectively known as pivot levels.

Every day the market you are following has an open, high, low and a close for the day (some markets like forex are 24 hours but generally use 5pm EST as the open and close). This information basically contains all the data you need to calculate the pivot levels.

The reason pivot point trading is so popular is that pivot points are predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day).

Because so many traders follow pivot points you will often find that the market reacts at these levels. This give you an opportunity to trade.

Before I go into how you calculate pivot points, I just want to point out that I have put an online calculator and a really neat desktop version that you can download for free HERE

If you would rather work the pivot points out by yourself, the formula I use is below:

Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)

As you can see from the above formula, just by having the previous days high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point.

If the market opens above the pivot point then the bias for the day is for long trades as long as price remains above the pivot point. If the market opens below the pivot point then the bias for the day is for short trades as long as the market remains below the pivot point.

The three most important pivot points are R1, S1 and the actual pivot point.

The general idea behind trading pivot points is to look for a reversal or break of R1 or S1. By the time the market reaches R2,R3 or S2,S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries.

A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position.

Unfortunately life is not that simple and we have to deal with each trading day the best way we can. I have picked a day at random from last week and what follows are some ideas on how you could have traded that day using pivot points.

On the 12th August 04 the Euro/Dollar (EUR/USD) had the following:
High - 1.2297
Low - 1.2213
Close - 1.2249

This gave us:

Resistance 3 = 1.2377
Resistance 2 = 1.2337
Resistance 1 = 1.2293
Pivot Point = 1.2253
Support 1 = 1.2209
Support 2 = 1.2169
Support 3 = 1.2125

The green line is the pivot point. The blue lines are resistance levels R1,R2 and R3. The red lines are support levels S1,S2 and S3.

There are loads of ways to trade this day using pivot points but I shall walk you through a few of them and discuss why some are good in certain situations and why some are bad.

The Breakout Trade

At the beginning of the day we were below the pivot point, so our bias is for short trades. A channel formed so you would be looking for a break out of the channel, preferably to the downside. In this type of trade you would have your sell entry order just below the lower channel line with a stop order just above the upper channel line and a target of S1. The problem on this day was that, S1 was very close to the breakout level and there was just not enough meat in the trade (13 pips). This cab be a good entry technique for you. Just because it was not suitable this day, does not mean it will not be suitable the next day.

Today is a new beginning

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Hello everyone in the world wide web. If you are into forex trading, well you have come to the right side. Here we will try to provide you with information and lesson picked up from the world wide web.

Disclaimer - the information and lesson we pick up are authored by external and independent people who are specialist in their field. Their opinion and teaching does not reflect that of Fx Capital Fund Inc. You are required to analyse, practice and try it out before adopting whatever strategies. Different place, different environment, different economic climate and different time applies in forex market.