Forex Rates on Dec 11th, 2012

Dec 11, 2012 05:07:11 PM (PST)
   
           Remitt            Buying            Selling    
   
           TT/DD                    98.00    
   
           Currency            Buying            Selling    
   
           US Dollar            97.30            97.80    
   
           Euro            125.57            127.00    
   
           Great Britain Pound            155.53            157.28    
   
           Japanese Yen            1.1679            1.1810    
   
           Canadian Dollar            97.65            99.25    
   
           Hong Kong Dollar            12.36            12.56    
   
           UAE Dirham            26.38            26.65    
   
           Saudi Riyal            25.87            26.10    
   
           Kuwaiti Dinar            342.58            345.58    
   
           Qatar Riyal            26.53            26.88    
   
           Omani Riyal            250.62            253.81    
   
           Bahraini Dinar            255.89            259.14    
   
           Australian Dollar            101.05            103.63    
   
           Indian Rupee            ---            ---    
   
           Swiss Franc            103.54            104.80    
   
           Danish Krona            16.77            16.98    
   
           Norwegian Krona            17.05            17.26    
   
           Swedish Krona            14.45            14.64    
   

Current Forex Rates as by Dollar East

        DOLLAR EAST FOREX RATES
Nov 24, 2012 01:02:57 AM (PST)
   
           Remitt            Buying            Selling    
   
           TT/DD                    97.20    
   
           Currency            Buying            Selling    
   
           US Dollar            96.40            96.90    
   
           Euro            124.06            125.54    
   
           Great Britain Pound            153.35            155.14    
   
           Japanese Yen            1.1568            1.1703    
   
           Canadian Dollar            96.10            97.73    
   
           Hong Kong Dollar            12.21            12.43    
   
           UAE Dirham            26.10            26.38    
   
           Saudi Riyal            25.58            25.83    
   
           Kuwaiti Dinar            336.55            342.19    
   
           Qatar Riyal            26.25            26.61    
   
           Omani Riyal            247.95            251.25    
   
           Bahraini Dinar            253.17            256.52    
   
           Australian Dollar            99.61            102.23    
   
           Indian Rupee            ---            ---    
   
           Swiss Franc            102.90            104.20    
   
           Danish Krona            16.57            16.78    
   
           Norwegian Krona            16.83            17.04    
   
           Swedish Krona            14.36            14.55

GAIN Capital

GAIN Capital (NYSE: GCAP ), a global provider of online trading services, today announced that CEO Glenn Stevens is scheduled to participate at the Deutsche Bank Global Financial Services Investor Conference on June 7, 2011. The event is being held at The Pierre in New York.



Mr. Stevens will be presenting at 4:00 p.m. ET on June 7, 2011 in General Session III. Following the presentation, Mr. Stevens will be involved in a series of one-on-one and small group meetings. Interested investors should contact their Deutsche Bank representative.

For more corporate information or to sign up for alerts, please visit: http://ir.gaincapital.com



About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.

A pioneer in online forex trading, GAIN Capital operates FOREX.com, one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.


GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; and Seoul.

US Dollar

The U.S. Dollar was mixed in the overnight session, but of note was the shift back into the commodity currencies, with the Aussie and the Kiwi the two strongest major currencies early in Monday’s session.

The U.S. Dollar was mixed in the overnight session, but of note was the shift back into the commodity currencies, with the Aussie and the Kiwi the two strongest major currencies early in Monday’s session. The Swiss Franc was the weakest among the major currencies as traders ramped up bets of further stimulus by the world’s central banks in order to trade growth opportunities at the expense of higher price pressures. With four central bank decisions this week, as the North American session picks up, volatility will increase throughout the latter half of the week.

Forex Strategy

Stochastics are amongst the most popular technical indicators when it comes to Forex Trading. Unfortunately most traders use them incorrectly. In this article we will review the correct way to use this popular technical indicator.

George Lane developed this indicator in the late 1950s. Stochastics measure the current close relative to the range (high/low) over a set of periods.

Stochastics consist of two lines:

%K - Is the main line and is usually displayed as a solid line
%D - Is simply a moving average of the %K and is usually displayed as a dotted line

There are three types of Stochastics: Full, fast and slow stochastics. Slow stochastics are simply a smother version of the fast stochastics, and full stochastics are even a smother version of the slow stochastics.

Interpretation:

Buy when %K falls below the oversold level (below 20) and rises back above the same level.

Sell when %K rises above de overbought level (above 80) and falls back below the same level.

The interpretation above is how most traders and investors use them; however, it only works when the market is trendless or ranging. When the market is trending, a reading above the overbought territory isn't necessary a bearish signal, while a reading below de oversold territory isn't necessary bullish signal.

Trending market

When the market is trending is necessary to adapt the oscillator to the same conditions: When the market is trending up, then the signals with the higher probability of success are those in direction of the trend "Buy signals", on the other hand when the market is trending down, selling signals offer the lowest risk opportunities.

Thus when the market is trending up, we will only look for oversold conditions (when the stochastics fall below the oversold level [below 20] and rises back above the same level) to get ready to trade, and in the same way, when the market is trending down we will only look for overbought conditions (when the stochastics rise above de overbought level [above 80] and falls back below the same level.

Taking all overbought/oversold signals during a trending market will lead us to many whipsaws. If you are not comfortable with the number of signals given, try expanding your trading to other currency pairs.
Trend-less market

During a ranging market we could use the interpretation explained above to trade off stochastics.
Divergence

Divergence trades are amongst the most reliable trading signals in the Forex market. A divergence occurs either when the indicator reaches new highs/lows and the market fails to do it or the market reaches new highs/lows and the indicator fails to do it. Both conditions mean that the market isn't as strong as it used to be giving us opportunities to profit from the market.

Stochastics can also be used to trade off divergences.
Price Action

A Price Action can be incorporated into any kind of system or Forex strategy. When using divergences or overbought/oversold condition with a price action approach, the probability of success of our signals increases enormously. Why? Because price dictates at the end, how all indicators will behave, it also gives us a lot of information about the probable direction it will take in the future.

Forex Rates for Feb 13, 2011

Currency Symbol Buying Selling Charts
Australian Dollar AUD 84.6 85.6
Bahrain Dinar BHD 226 227
Canadian Dollar CAD 85.5 86.5
China Yuan CNY 13 13.5
Danish Krone DKK 15.4 15.7
Euro EUR 115.1 116.5
Hong Kong Dollar HKD 10.7 11.2
Indian Rupee INR 1.9 1.95
Japanese Yen JPY 1.01 1.02
Kuwaiti Dinar KWD 301.6 302.6
Malaysian Ringgit MYR 27.5 28
NewZealand $ NZD 65 66
Norwegians Krone NOK 14.3 14.8
Omani Riyal OMR 221 222
Qatari Riyal QAR 23.37 23.47
Saudi Riyal SAR 22.65 22.85
Singapore Dollar SGD 65.7 66.7
Swedish Korona SEK 13.1 13.5
Swiss Franc CHF 88 89
Thai Bhat THB 2.8 2.9
U.A.E Dirham AED 23.15 23.4
UK Pound Sterling GBP 136.1 137.6
US Dollar USD 85.15 85.5

How to Retire Sooner

For millions of baby boomers, the financial gap between today and a successful retirement is deep and wide. When confronted with this reality, many folks simply give up, lamenting that they will never be able to retire or will continue working until age 75. But it may not have to be that way, if you are willing to adopt radical strategies to accelerate your retirement plan and close that financial gap. Here are a few ideas to consider:



• 4 Social Security Changes Coming in 2011

• 10 Winter Wonderlands for Retirement

• 7 Tips for Baby Boomers Turning 65 in 2011

1. Work a second job. You need more income now so you can save more for retirement. If you are healthy and the nest is empty, fill some spare time with more work. I am friends with a couple who each work full-time in conventional 9-to-5 office jobs. One spouse also works evenings and weekends selling ladies shoes in a mall department store on commission. She makes more money from that part-time job than she does at her regular job.

2. Become a single car family. Most married couples are two car families, even if the kids are gone and one spouse is not working. Operating costs including gas, insurance, maintenance, and repairs and carrying costs such as depreciation, taxes, and interest for a car or SUV can easily average $6,000 to $10,000 per year and even more for luxury vehicles. (Check Edmunds.com or ConsumerReports.org for data for your vehicle.) Gas prices are on the rise. Getting rid of the second vehicle can save you thousands of dollars for retirement. Commute with others, take public transit, share a ride with your spouse, or ride a bike instead. It can be done with careful planning.

3. Push your kids off the payroll. Many boomers find it emotionally difficult to completely cut the ties that financially bind them to their children. It starts with college expenses that drag on as the kids fail to graduate on time or need help paying off student loans. It continues with supporting boomerang kids. I know folks who continue to pay their kids car insurance or cell phone bills, even after the offspring are gainfully employed. When your child-rearing days are done, love your children, but be politely and firmly selfish about your money. You will need it when you retire more than they will now.

4. Start a spending fast. Most of us eat too much. We also spend too much. We often combine those vices by eating out regularly. Look at your budget and see if that's you. If so, go on an extreme spending fast. Vow to go an entire month without restaurant food. Also, avoid the drive-through and skip the exotic $5.00 cups of coffee. Stash the money you don't spend in your retirement savings. Think about what it will buy when you really need it. The next month, start another spending fast, this time targeting your cell phone or cable bill.

Most people who read these suggestions will roll their eyes and vow not to take such radical actions in their own lives, even if their retirement hangs in the balance. My message in response is this: The pain of financial discipline will be far less than the pain of retirement regrets.