Meltdown 101: Is a Strong or Weak Dollar Better?

Meltdown 101: What would be better for the economy right now -- a stronger or weaker dollar?

Would the U.S. economy be better off if the mighty dollar weren't so mighty?
The dollar has strengthened against most other major currencies for much of the second half of the year. It recently reversed course, but the big picture remains the same: The Thomson Reuters U.S. dollar index, which measures the dollar's value relative to the euro and the Japanese, Canadian, British, Swedish and Swiss currencies, is still up more than 10 percent from its lows in March.

All the while, the economy has been wallowing in a deepening recession.
Does the strong dollar have anything to do with the nation's economic woes? What would be better for the economy right now -- a stronger dollar or a weaker one?

Here are some questions and answers about the strength of the dollar:

Q: Should we be rooting for a stronger or weaker dollar right now?
A: In a broad sense, a weak dollar is probably favorable while the economy is ailing, since it would make U.S. goods cheaper to consumers outside the country.
"The dollar is really a shock absorber," says Brian Bethune, economist at IHS Global Insight. "When domestic economic conditions are weak, it goes down to stimulate demand for U.S. product overseas."

Q: So why have we seen such dollar strength in recent months?
A: The dollar, which had already been on a multiyear losing streak, began to weaken further in late 2007 and early 2008 as it became clear the U.S. was heading into a recession. But as the global economic outlook soured, investors flocked to the safest assets around: U.S. Treasury bills, notes and bonds. (In other words: investments in U.S. government debt.)
Because Treasury investments are denominated in dollars, this trend pushed up demand for greenbacks -- and more demand translates into a stronger dollar.

Q: How has that hurt the U.S.?
A: The stronger dollar has come at a bad time. It made U.S. goods more expensive overseas as the economies of many major U.S. trading partners are mired in recession. That has weakened the demand for U.S. goods, which has caused exports -- a rare bright spot in the U.S. economy earlier this year -- to fall hard.
The drop in exports could lead to more job losses, at a time when employment is already declining at the fastest pace in decades.

Q: But doesn't a strong dollar help by making imports cheaper?
A: Yes, and we've seen import prices fall hard, too. Especially for one of the country's favorite imports: oil.
Some economists think declining imports will outpace what we're losing in exports, narrowing the trade deficit. That could add to gross domestic product -- the broadest measure of the nation's economic health -- and help the economy.
But in October -- the latest month for which data are available -- exports fell at a greater rate than imports, and dollar strength was one reason why. The trade gap widened to near record levels.

Q: What about the impact on U.S. businesses?
A: It depends on how much of a company's revenue comes from outside the U.S.
For a multinational company like Nike, for instance, their goods become more expensive overseas as the dollar strengthens, which could give their competitors an advantage. For companies that sell most or all of their products in the U.S., such as Family Dollar, a stronger dollar is good for the bottom line, because there's more buying power in each dollar the company earns.
Many companies have been lowering their profit outlooks due to the dollar's second-half strength, as the same amount of sales overseas translate to fewer dollars than in previous quarters.

Q: What are the positives of a stronger dollar?
A: The risks of inflation subside, and that's normally a good thing. Right now though, inflation is less of a worry than weak growth.
Still, there's a bright side: Low expectations for inflation have made it easier for the Federal Reserve to lower interest rates to help spur the U.S. economy -- a move that usually carries serious inflation risks.

Q: What's better for the U.S. consumer?
A: There are several ways a stronger dollar can benefit regular folks.
First, the foreign goods we buy -- like cars or handbags -- become less expensive. Those who invest abroad, even through mutual funds, can get better values on assets. It also makes it cheaper for Americans to travel abroad, and it can also boost consumer confidence, if workers feel their paychecks are stretching further.
Of course, all those benefits become moot if you lose your job because your multinational employer -- struggling to compete overseas because of a strong dollar -- has to resort to layoffs.

Q: There have been recent stretches when the dollar turned the other way and weakened. Why did this happen?
A: The Fed has cut its target interest rate to close to zero and it's vowed to take further steps to keep rates low. That sends a signal to investors that the U.S. economy remains in dire straits, and it gives investors less of an incentive to hold interest-bearing investments denominated in dollars. Reduced demand for such investments can push the value of the dollar downward.
Key short-term interest rates in the U.S. are among the lowest in the world's industrial nations -- on par with Japan, which has fought for years to keep its rate low.

Q: What should we expect in the near future?
A: There are many variables that make predicting currency strength a near-impossible task, but some analysts and traders suggest the stage is set for a return to weakness against other major currencies, especially if other industrialized nations are less aggressive in cutting interest rates. Also, if the Fed continues to pump dollars into the economy, as it's promised to do, the increased supply of the currency could push the value of the dollar further downward.

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ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Forex Sentiment Accurately Forecasted Massive Swiss Franc Rally

USD/CHF Ratio: 1.10

Trading Forecast: Bearish


USDCHF – The ratio of long to short positions in the USDCHF stands at 1.10 as nearly 52% of traders are long. Yesterday, the ratio was at 1.10 as 52% of open positions were long. In detail, long positions are 41.9% higher than yesterday and 16.7% stronger since last week. Short positions are 40.9% higher than yesterday and 54.6% weaker since last week.

Open interest is 41.4% stronger than yesterday and 48.0% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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Bids and Offers

When you’re in front of your screen and looking at an online forex broker’s trading platform, you’ll see two prices for each currency pair. The price on the left-hand side is called the bid and the price on the right-hand side is called the offer (some call this the ask). The “bid” is the price at which you can sell the base currency.

The “offer” is the price at which you can buy the base currency. Some brokers display the prices above and below each other, with the bid on the bottom and the offer on top. The easy way to tell the difference is that the bid price is always lower than the offer price. The price quotation of each bid and offer you see will have two components:

The big figure and the dealing price. The big figure refers to the first three digits of the overall currency rate and is usually shown in a smaller font size or even in shadow. The dealing price refers to the last two digits of the overall currency price and is brightly displayed in a larger font size.

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ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

EUR/CAD Day Trend

You will generally see the trend begin to flatten out and begin to trade within a defined and repeated level of support and resistance. We would like to see this on a Daily and/or 4 hour chart...a range on "minute charts" is not established enough to trade without a greater element of risk.

Ideally, one would want to see at least two tests of support and resistance before declaring a range to be in place.

To trade a range, a trader would go long at support with a stop just below support or short at resistance with a stop just above resistance. The higher probability range trades will be those in the direction of the overall trend on the Daily chart. Also, when price action breaks out of the range, the breakout will likely (although no guarantees) be in the direction of the trend.


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NASA Selects SpaceXs Falcon 9 Booster and Dragon Spacecraft for Cargo Resupply Services


NASA Selects SpaceXs Falcon 9 Booster and Dragon Spacecraft for Cargo Resupply Services to the International Space Station


F9/Dragon Will Replace the Cargo Transport Function of the Space Shuttle after 2010

-NASA today announced its selection of the SpaceX Falcon 9 launch vehicle and Dragon spacecraft for the International Space Station (ISS) Cargo Resupply Services (CRS) contract award. The contract is for a guaranteed minimum of 20,000 kg to be carried to the International Space Station (ISS). The firm contracted value is $1.6 billion and NASA may elect to order additional missions for a cumulative total contract value of up to $3.1 billion.
“The SpaceX team is honored to have been selected by NASA as the winner of the Cargo Resupply Services contract,” said Elon Musk, CEO and CTO, SpaceX. “This is a tremendous responsibility, given the swiftly approaching retirement of the Space Shuttle and the significant future needs of the Space Station. This also demonstrates the success of the NASA COTS program, which has opened a new era for NASA in US Commercial spaceflight.”

Under the CRS contract, SpaceX will deliver pressurized and unpressurized cargo to the ISS, and return cargo back to Earth. Cargo may include both NASA and NASA-sponsored payloads requiring a pressurized or unpressurized environment. SpaceX will provide the necessary services, test hardware and software, and mission-specific elements to integrate cargo with the Dragon delivery capsule.
In 2006, SpaceX was named a winner under NASA’s Commercial Orbital Transportation Services (COTS) competition. Under the existing COTS agreement, SpaceX will conduct the first flight of its Falcon 9 launch vehicle and Dragon spacecraft in 2009. The final flight, currently scheduled for 2010, will demonstrate Dragon’s ability to berth with the ISS.

Falcon 9 flight hardware has already started to arrive at the SpaceX launch site, Space Launch Complex 40 (SLC-40) at Cape Canaveral, in preparation for Falcon 9 going vertical on the pad within a few weeks. Construction of the SLC-40 launch site is proceeding ahead of schedule and is estimated to be completed in early 2009.

[ForexGen Services]


Client Services

  • Customer Support
  • Trading Support
ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]

* [Money Manager]


ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Dollar Rises Amid Economic jitters

The U.S. dollar gained strength against major currencies Thursday as economic worries about the state of the global economy persisted and the number of U.S. workers filing for first-time unemployment benefits fell more than expected.

The yen retreated from the 13-year high it reached against the dollar Wednesday ahead of an interest rate decision from the Bank of Japan. The Japanese currency fell against the dollar Thursday, increasing to ¥89.43 from ¥87.23 late Wednesday.
At 0.3%, Japan has the second-lowest rate among the world's major economies and investors were taking a step back ahead of Friday's announcement.
The 15-nation euro fell nearly two cents to $1.4243 from $1.4418.

The European Central Bank's next meeting is set for January, and investors are watching to see whether the bank will keep its rate firm after slashing it to 2.5% earlier this month.
The British pound dropped more than five cents to $1.5011 Thursday from $1.5534.
Currently, the Bank of England's rate remains at 2%, the lowest in the bank's history, and policymakers are slated to meet in January to discuss the rate.

Economy

The number of Americans filing for first-time unemployment benefits fell more than expected last week, according to a government report released Thursday. Initial filings for state jobless benefits fell to 554,000 for the week ended Dec. 13.
Oil prices fell below $37 a barrel Thursday, reaching level not seen since June 2004. Investors continued to shrug off an upcoming OPEC production cut announced on Wednesday, after which oil closed at a 4 1/2 year low.

Concerns ahead

On Tuesday, the Federal Reserve cut its federal funds rate from 1% to a range between 0% and 0.25%, the bank's 10th cut since September 2007.
While interest rate cuts are the U.S. central bank's main tool for boosting economic activity, many currency analysts worry about the long-term effects of lower interest rates on the dollar.

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1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

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A New Type of Investment: Forex Trading

Every new investor thinks of the stock market as the first place to invest. The reasons are undeniable, as the stock market is one of the most successful investments. However, few investors know of a new, emerging type of investment that carries much less risk then the physical stock market. This new investment area is known as the Forex Trading market.
The Forex trading market cannot actually be found physically. Instead, the market is a large network of central banks and individual investors all caught up in the process of currency exchange. Because the Forex market deals with countries all over the world, the market must remain open 24 hours a day. The market follows the three markets, the United States of America, Europe, and Asia.

This presents a problem to even the more successful investors. It is simply not possible for any human being to stay up 24 hours a day so that they have up to date information of the market. Often the market changes will the investor sleeps or goes about their daily routines. If statistics are not checked often, opportunities to gain profits may be lost. The alternative may be to hire a professional broker, or use a trading program.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
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* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Swiss Franc Technical Outlook

The USDCHF has broken below its support line drawn off of the July and September lows. Bigger picture, “although the rally from March low at .9634 is not the clearest 5 wave rally, the rally is in 5 waves and real life Elliott patterns are not always crystal clear, especially in their early stages.

I mention early stages because the USDCHF rally from .9634 could be the first bull leg in a longer term uptrend. Even so, weakness would likely persist for the next several months in a path somewhat like the path I have mapped out.”

[ForexGen.com] is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Lockheed Martin Gets $89.5 Million Army Contract

Lockheed Martin awarded $89.5 million Army helicopter contract

he Army said Monday that it has awarded an $89.5 million contract to a division of Lockheed Martin Corp. for work on helicopters.

The contract, awarded Friday, is for repairs and maintenance of sensors and other equipment on board the Apache helicopter.

Shares of Bethesda, Md.-based Lockheed fell $1.94, or 2.5 percent, to $75.86 in Monday's regular session. After hours, the stock fell another 23 cents to $75.63.

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Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.


WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

*Providing the most huge income sharing plan
*Providing several ways for our IB's to charge commission.
*ForexGen IB can also charge commission for each lot the traders execute.
*Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the [ForexGen] family.

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Fed Cuts to Mark Pre-Xmas Trading

Investors head into what for many will be the last full trading week of the year expecting more stimulative U.S. interest rate cuts but rattled by emerging dissent over how governments should boost ailing economies.
The price of oil, meanwhile, is likely to be in particular focus with oil-producing nations meeting to discuss supply cuts at a time when lower prices are one of the few areas of easing pressure on monetary authorities.
Investors needed no new stress after a year which has seen the global banking model break down, the value of stocks halve, lending freeze up and volatility soar, but the new wrinkle is squabbling among authorities about how to proceed.

"The problem is that when you have politics involved ... you get a lot of back and forth. It's not like when you watch economic data," said Michala Marcussen, strategy director at Societe Generale Asset Management.
Failure by U.S. lawmakers last week to agree a bail out for America's top automakers was a shock to the system for investors who have become used to governments and central banks pledging to do what it takes to build confidence and flood the global economy with money.
There was a similar U.S. Congress impasse over a financial bailout package earlier in the year, which ended in a compromise. But the latest fight means there will be no automaker bailout passed this year.

To that can be added a growing row in Europe over how far governments should go to pump up deteriorating economies. In unusually undiplomatic terms, German officials have been slating others, primarily Britain, for going into debt with rescue plans.
For investors -- who hate uncertainty -- it all suggests more volatility ahead just as some confidence was coming back to markets. State Street's latest investment flow data, for example, showed a tentative growth in risk appetite.

RUNNING OUT OF ROOM?
One area from where help is almost certain to come, however, is the Federal Reserve, which meets on Tuesday. The U.S. central bank is widely expected to slash interest rates by as much as 75 basis points to just 0.25 percent.
Since the financial crisis escalated in September 2007, the Fed has cut rates from 5.25 percent to the current 1.0 percent in order to pump money into both the U.S. banking system and the now recessionary economy.
There is a debate among investors, however, about whether it is working, given the continued deterioration of the economy and the volatility of financial markets.

Former Fed Governor Frederic Mishkin said last week that such talk was wrong and asked just how bad things would have been if the Fed had not acted as aggressively as it has.
But the issue is also arising -- and not just in the United States -- of what happens when rates are so low that they cannot be cut anymore.
Quantitative easing, which essentially entails pumping money into the system by boosting money supply, is likely.

One impact of this for investors could be on government bonds, which central banks might buy to keep yields low.
But whatever the impact, investors are ending the year in a new environment.
"The unprecedented nature of the crisis has caught out forecasters and policymakers alike," ING said in a note. "Led by the U.S., past monetary and fiscal norms are being abandoned in desperate attempts to curtail recession and deflation."

OIL AND BANKS AGAIN
Investor attention this week will also be on foreign exchange and energy markets.
In the case of the former, volatility jumped at the end of last week after the U.S. automaker bailout failed, with the dollar weakening sharply after five weeks of gains against major currencies (^DXY - News).
Focus will be on whether the latest weakness is a short-lived reaction or whether the currency's recent burst of strength is now over. The soaring yen may also begin to concern Japanese authorities.
The price of oil, too, will be in focus with the Organization of Petroleum Exporting Countries (OPEC) meeting on Wednesday in Oran, Algeria.

Crude has fallen close to 70 percent since peaking in mid-July as a weaker global economy has smothered demand. This has removed inflation as a worry for general investors and allowed central banks to cut rates.
But OPEC is expected to agree a large cut in supply at the Oran meeting. The cartel's president has called for a more "severe" reduction than the 2 million barrels a day already agreed.
And then there are the banks. Goldman reports on Tuesday and Morgan Stanley on Wednesday. Both are expected to announce quarterly losses, but the reports will be studied for signs of further credit-related woes or signs of improvement.
Goldman has announced at least 4,800 jobs cuts globally as it weathers the financial storm, while Morgan Stanley has announced at least 6,800.

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Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

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ForexGen | Looking For A Forex Broker

Forex brokers competitive can either be individuals or agencies who will do their best to help you profit from the market and cover the risk of the investment that you made. You Forex trading will largely depend upon your broker as he or she will help you to succeed in the Forex market.

The forex broker competitive does several things: helps you to manage your accounts, executes your orders and keeps you informed of market trends. You will need to take a look at the forex broker competitive rating before you decide to choose a broker.
If you have Internet access, then you will find many website that suggest forex broker competition. Some of the important things to know is what the minimum amount is to open an account, will there be any commission charges, etc.

You must make sure that your Forex broker competitive has the right qualifications. Now that your list has been narrowed, it is time to research your choices. One good idea is to send some e-mails out to your customer service people and see how long it takes for them to respond.
When considering a forex broker competition, find out just how fast it takes him to execute an order. You should also find out how much slippage you can expect.

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If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, Forexgen has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.

How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

ForexGen | When Searching For a Forex Broker

Forex brokers competition are valuable to those that wish to enter into a forex currency trading.
With the advent of online businesses assisted by the technology of the Internet, online forex brokers competition are popping up like plants in the World Wide Web because of the ease and inexpensive ways of establishing a corporate appearance. If you are a novice forex trader, you need a very good broker at your side. However, with so many of them to choose from, what should you look for in a broker?

First,forex brokers should offer competitive spreads, or the difference between the selling and buying prices of a certain currency. Good forex brokers competition offer anywhere between 3 and 5 pips, the ideal spreads that can make sure you are gaining from your investment. Avoid as much as possible those forex brokers competition that offer variable spreads, as you may find a spread that suddenly widens during a busy market, which is where you would gain money, but only if the market is bullish.

Another good indication of a reliable broker is one who uses a secure online connection to take payments and funding for your forex currency account. This ensures smooth trading, because you don’t have to make time-consuming e-commerce transactions just to get money into your account, and another transaction to transfer profits to your bank account. Remember, you don’t only trade, but you also have to look at forex brokers competition data in order to make decisions. You don’t have the time to make time-consuming transactions in between.
Next, as a way to maximize your potential profits when engaging in the trade, you need to have a forex broker competition that will grant a leverage of about 200:1. This is the ideal leverage that forex brokers competitive should have; however, there are some that offer higher leverages. These leverages even reach 400:1 as a maximum, offering your higher potential profits from your forex currency trade.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

[ForexGen] provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

ForexGen | Choosing Regulated Forex Brokers

In this post, we hope to share with you the many aspects that this important subject has to offer you.

There are oodles of regulated Forex brokers competition online these days and it is hard to pick the best from all these trading platforms. The most important criteria you want to know when choosing these trading platforms are the forex broker competitive spreads. The more forex broker competitive spread these platforms have the better. A spread is the difference between ask and bid value. The lesser the difference, the spread is said to be more competitive. Competitive spread commonly ranged around 3 to 5 pips.
The next most important criteria you need to know is the transparency of the regulated FOREX brokers competitive platform. Sometimes they might charge you more than they tell you and you might not even know it. They are not there to cheat you. Sometimes there are just errors and I'm sure you don't want to pay more just because of all these errors.

If you're a beginner at trading FOREX, look for regulated FOREX brokers competition that give away EBook at no cost that teaches you conduct to trade FOREX. Don't look for a trading method that only teaches you how to use their software. Make sure this EBook shows you everything you need to know to begin trading FOREX. Also make sure that it provides a professional sense of the most standard techniques implemented now by FOREX traders. Other than that it should include effective and important background plus precise methods, trading tips and so on.
Don't use a regulated FOREX brokers competition platform that has complicated software. You will not want to spend few hours of your time just to master how to use the software. Some software is simple to use and the functions are as effective as the complicated ones. Select the right regulated FOREX brokers or you'll lose both your time and money substantially.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.