Forex update!

The Forex market is a much better money maker than the share market ever was, as this market is governed more by logic than emotions. There are many of us who have heard a lot of the Forex market and yet do not understand the intricacies of the financial world as such. We are all left to ponder as to what the Forex is all about and how do we invest in it and what is our risk exposure and et all.

The Forex market presents an interesting opportunity for both professionals and amateurs alike, to make some good money on their returns. But some of the factors that attracts so much attention to this market is the fact that in the Forex market, one can make money both ways, whether the market goes up or goes down, unlike the share markets. And the other interesting feature of this market is that the investment you put in the market is then ‘hedged’ to a larger margin, thereby netting you greater profits.

This blog was started initially with the idea of exploring ways to make money, but then I got a lot of emails asking me for info on the Forex market as well as the metal markets. So, I have decided to give daily/weekly updates on the Forex markets, metal markets and the Oil rates. The Forex news for today is given below and hope that you will enjoy it and would make it a point to visit this blog often for such updates!

Todays update:

Yen gains against all currencies – The Yen seems to have gained almost against all the currencies listed in the board, with the current trading against the Dollar set at 108.99 per Dollar. This is due to mainly the economy woes in the United States market, the Housing muck-up and the credit crunch. The reality is that no one knows the true exposure of the Banks to the Mortgage crisis and as such, it is to be expected that the markets will be a little nervy. But the Yen, seems to be all bent on trying tom reach for the $100 level. Will this happen? That may well do so and it is the one thing that is bound to give the Japanese central bank and the government many sleepless nights to come!

Which Dollar is weaker?

The Canadian Dollar seems to be setting the record for weakening against the weakest currency today, the U.S Dollar. The Canadian Dollar ahs fallen to $1.0222 per U.S. dollar,its lowest since December. Be that as it may, one of the main causes for this fall is purported to be the job losses that the Canadian economy had to put up with quite recently.
As it is, the Dollar is setting all sorts of record for the day and one can expect that the Canadian Dollar will fall even more, come tomorrow!