Archive for September, 2009

An important fundamental factor for online forex traders are the account balance for a country, strongly effecting foreign exchanges rates in the long term (6 months to 3 years).

What is Current Account Balance?

The account balance summarize the flow of goods, services, income and transfer payments into and out of a certain country.  It tracks the trade balance (exports and imports for goods and services), income payments (such as interest, dividends and salaries) and unilateral transfers (aid, taxes, and one-way gifts). Positive values indicates inflow of capital while negative values means that capital are leaving the country.

It is a record for how a countries economy interact with other regions. The balance is the total amount of money in a certain account, equal to the net of credits & debits at a defined time period. Countries strive to have a positive trade balance, or trade surplus, exporting more than importing.

Why is trade balance important for online forex traders?

Countries with positive trade balance require traders to buy the local currency, increasing the value against the other currency. On the other hand, an unfavourable current account balance is known as a trade deficit, which tend to lower the local currencies value against the major trading partners.

Below you find a table over countries with the best current account balance (more…)

Have you been thinking about going to some Forex Event, Forex Conference or Exhibition? Look no more. We have here collected all the best currency trading exibitions and conferences as we know of.

Forex Expos, Seminars, Conferences and Events in September, 2009

Forex Conference: FXpress User Group Conference
Date: Sept. 14-15
Location: Calyon International Bank, New York City
For more information: Visit https://portal.fxpress.com and click on “Events”. Here you have all availible information about this forex conference.

Forex Trade Show: 4th Annual Paris Trading Show
Date: Sept. 18-19
Location: Paris, France
For more information: Go to www.salonat.com..

Forex Conference: 4th Annual FIA and OIC New York Equity Options Conference
Date: Sept. 22-23
Location: New York Marriott Marquis
For more information: Go to www.futuresindustry.org and you will find all info you need.

Forex Expos, Seminars, Conferences and Events in October, 2009.

Forex Expo: : Melbourne Trading & Investing Expo
Date: Oct. 2-3
Location: Melbourne Convention & Exhibition Centre (more…)

Forex Traders are worried Fridays release of the US unemployment rate was way worse then expected and now the US Dollar might face further decrease.

American Labor Department reported that the much higher unemployment rate could be due to lagging data. The non-farm payroll employment fell by 216 000 jobs in August, followed by a revised decrease of 276 000 jobs in July. The new numbers are indication that America is now facing a 9.7 % unemployment rate, the highest in 26 years. Financial analysts and currency traders did expect a 9.4 % unemployment rate in July.

Further pressure on US Dollar

However, it seems like the decrease have moderated the last months, even if some sectors still face continued job losses. Still, consumer confident might be lagging in the coming months. As a result of the unexpected numbers from USA, many online forex traders assume that the US Dollar will continue to suffer against the Euro and Yen.