Forex reserves swell 3 2 bilion - forex trading income tax singapore

Forex reserves swell 3 2 bilion ~ forex trading income tax singapore

Another interesting article about forex reserves.

"Foreign exchange reserves rose by $3.16 billion in the week ending January 18, 2008 taking the total reserves to a record $284.98 billion. Money market dealers said that the rise in the forex reserves was largely on account of subscription to the IPO of Reliance Energy that closed on January 18.

The public offering is expected to have drawn in large scale funds from foreign institutional investors. During the same week, the BSE’s benchmark index, Sensex, had dipped about 1,000 points to close at 19,700 with most FII selling shares.

The foreign currency assets stood at $276.13 billion while the reserves with IMF was down by $1 million to $433 million, according to the data released by the Reserve Bank of India in its Weekly Statistical report. In the two weeks ended January 18, forex reserves rose by $8.3 billion. For the second consecutive week, the government’s deposits with the Reserve Bank rose."

Read more here Forex reserves swell $3.2 bn on IPO inflows
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Easiest cash on earth for webmasters - forex trading income tax malaysia

Easiest cash on earth for webmasters ~ forex trading income tax malaysia

This post is not related to forex trading, but most of you guys have their own blogs or websites where you put your thoughts, analysis or just articles on trading. But most important fact is: you are interested in making money and this is what this topic is all about.

First of all you need to know that i wont be talking about big money, you will probably never earn more then 1 000$ in a month, not even close to 500$.

But the fun part is, all you need to do is place a small banner on your website, thats it!

You will earn 5£ every single month, just for keeping this banner on your website, sounds to good to be true?

Well i also thought this way, but when i reviewed this company i realized, there is nothing to lose.

It is completely free. Free to join and free to earn easiest money online. In my opinion it is a quite decent deal.

You maybe thinking why would anyone possibly want to put a banner on my website and pay for it 5£ a month? But the reality is a bit different, when you signup you have to select 3 pages from your website where their banner will be visible. Then within 48 hours they will review your website, and accept or decline your application depending on your website.

But again there is no risk involved, if they decline your application, so what, you didnt lost a dime!

Join now before they stop accepting new members.

If you are interested in this company here is URL with my referral code, and another one without a referral code, choose whatever you want.

http://www.bucks4banners.net/?aff=11631
http://www.bucks4banners.net/
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Cash In On The Currency Wars Using ETFs - forex trading virtual account

Cash In On The Currency Wars Using ETFs ~ forex trading virtual account

Summary

• Currency ETFs are becoming volatile as Currency Wars expand.
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• The US Dollar strength is impairing sales and profits for manufacturers.
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• European politics is creating turmoil for the Euro and that will impact many currencies.
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• We have tools and alternative tools to exploit fluctuations in currency ETFs.

Lets have a look at this chart I have constructed using Relative Strength factor of a US Dollar Index ETF(UUP) and six ETFs which are used to make up the US Dollar Index.

The six US Dollar Index component ETFs I have selected are Guggenheim FXF,FXB,FXC, FXC, FXY, FXS representing Swiss Franc, British Pound, Canadian Dollar, Japanese Yen, Euro, Swedish Krona.

You may ask, What good is this comparison chart?

At some point the distances between these plots will start to narrow based on the actions of the various governments and markets and whatever manipulations may occur in order for different currencies to gain or lose advantages.

We need only look at what has occurred in the past couple of weeks with the Swiss Franc, the Canadian Dollar and the Euro.

This next chart reflects the Relative Strength factor of the seven Etfs that I am using, you can see that FXF, Swiss Franc, is outperforming the other component currency ETFs and that is based on the sharp move generated by Swiss government intervention a few days ago.

How can we use this chart?

Interestingly enough, each government involved as well as the EU is attempting to capture markets and they are going to do their best to manipulate their own currency and any other currency to their advantage. Volatility in currencies as well as stocks is being created daily with the manipulations.

I gathered some information from Point and Figure charts at Stockcharts.com and am going to list the target prices for each of these currency ETFs. The numbers may surprise you.

FXF 151.00

FXB 210,00

FXC 84.00

FXY 62.00

FXE 86.00

FXS 82.00

USDX 128.00 (P&F target for UUP unavailable)

From those targets you can see huge differences from prices today, there will certainly be some activity as months pass. P&F targets are not guaranteed, I used them only as an illustration.

What can we use to take advantage of these pending moves. There are many choices , however UUP and UUD may be quite suitable for most people as those represent long and short respectively. Some may favor using the PowerShares 3x Long UUPt or the PowerShares 3x Short UDNT.

I have compared the four of these as follows.

Using Relative Strength factor for comparison is most useful for trade selection and also trade management and may add another dimension to your trading system.

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