FOREX RATES

FOREX RATES Pakistan Open Market Forex Rates Updated at : 18/1/2011 11:02 AM (PST)
Currency	Buying	Selling
Australian Dollar	84.4	85.4
Canadian Dollar	86.75	87.4
China Yuan	13	13.5
Euro	113.7	115.4
Japanese Yen	1.030	1.040
Saudi Riyal	22.77	22.95
U.A.E Dirham	23.27	23.45
UK Pound Sterling	135.7	136.9
US Dollar	85.95	86.25

6 money making methods to make $10,000month.pdf

With This Method You Can Easily Earn 10000 Per Month

Download Link

Forex Fundamental Analysis

What is fundamental analysis in forex ?

It's a type of market analysis whereas involving studying the economic situation of countries to trade currencies effectively. It gives information, how the big political and economical events influence forex trading.

Economic calender & who's providing ?

It's created by economists where they predict economics figures and values according to previous months.

Its contains data :

Date - Time - Currency - Data Released - Actual - Forecast - Previous

Economic data can be found at www.forexfactory.com/calendar.php

What are the most important figures that influence forex market ?

Interest rate

Traditionally, if a country raises its interest rates, its currency will strengthen because investors will shift their assets to that country to gain higher returns

Employment Situation

Decreases in the payroll employment are considered as signs of a weak economic activity that could eventually lead to lower interest rates, which has negative impact on the currency

Trade Balance, budget and treasury budget

A country that has a significant Trade Balance deficit will generally have a weak currency as there will be continuous commercial selling of its currency

Gross Domestic Product (GDP)

It's reported quarterly and is followed very closely as it is a primary indicator of the strength of economic activity. A high GDP figure is usually followed by expectations of higher interest rates, which is mostly positive for the currency.

Less powerfull economic indicator are

Retails sales - it's the first real indicator of the strength of consumer expenditure

Durable goods - Rising durable goods orders are normally associated with stronger economic activity and can therefore lead to higher short-term interest rates, which is usually supportive for a currency

Is Your Bank on the "100 Safest" List? Maybe You Should Find Out

We want to trust in the financial stability of our bank. After all, most of us have money in these institutions.

In spite of our wishful thinking, the tide of bank failures has not stopped. And these failures are occurring well after the heart of the financial crisis -- and even after some of these banks received bailouts.

"Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing.
The total, based on an analysis of third-quarter financial results by The Wall Street Journal, is up from 86 in the second quarter, reflecting eroding capital levels, a pileup of bad loans and warnings from regulators.
The 98 banks in shaky condition got more than $4.2 billion in infusions from the Treasury Department under the Troubled Asset Relief Program."

Wall Street Journal (12/26)

Seven of the 98 small banks mentioned have already failed.

In the U.S. so far this year, 157 banks have failed -- that's the highest number since 1992.

More failures are likely because many banks are burdened by questionable "assets" and bad real estate loans.

"...your money is only as safe as the bank's loans. In boom times, banks become imprudent and lend to almost anyone. In busts, they can't get much of that money back due to widespread defaults.
If the bank's portfolio collapses in value, say, like those of the Savings & Loan institutions in the U.S. in the late 1980s and early 1990s, the bank is broke, and its depositors' savings are gone."

Conquer the Crash, 2nd edition, pp. 175-176

Yes, the Federal Deposit Insurance Corporation (FDIC) insures depositors, but the question is: Does the FDIC have the wherewithal to "make whole" all depositors if scores of banks go under at the same time? Here at Elliott Wave International, we do not recommend that you count on the FDIC. Here's why:

"...did you know that most of the FDIC's money comes from other banks? This funding scheme makes prudent banks pay to save the imprudent ones, imparting weak banks' frailty to the strong ones.
When the FDIC rescues weak banks by charging healthier ones high 'premiums,' overall bank deposits are depleted, causing the net loan-to-deposit ratio to rise.
The result, in turn, means that in times of bank stress, it will take a progressively smaller percentage of depositors to cause unmanageable bank runs."