Forex Trade : Gold and Silver

 

Gold trading with Easy-Forex

 

Online trading in gold is straight forward with Easy-Forex^®. In the Forex market, gold is considered a form of currency, and so is silver. Online trading in gold is electronic, the same as other currencies and oil. Gold is traded in a similar way to other currency pairs.

However there is a difference: gold, silver and other commodities can only be traded against United States dollars (USD). Prices are always expressed in terms of the US dollar.

 

Trading with gold rates

 

Like foreign currency rates, online trading with gold rates does not require the "physical" purchase or sale of the real material. You do not purchase gold that you can hold.

The trading method for gold is called ‘over the counter’ or OTC. OTC deals are not part of the Stock Exchange of any country and so the deals are not controlled by the same methods as the Stock Exchange. OTC trading is performed directly between the seller and the buyer. No other people or organisations are involved.

OTC trading is the common form of trading in the Forex market.

 

Day-trading in gold

 

Traders can perform day-trading in gold. Day-trading means deals are usually completed before the close of trading that day. Gold traders usually hold their position for a short time only, but it is not necessary to complete the deal within a day. The deal can be extended for two or three days, depending on how the trader decides to make the deal.

Once a gold day-trading deal is opened, it can only close in one of three ways:

• The trader ends the deal
• The deal reaches its stop/loss limit
• The date decided for ending is reached

Until one of these three things happens, the deal continues. When your day-trading gold deal is open, it is renewed automatically every night at 22:00 GMT, and each time it is renewed, a small charge is made from your trading account.

 

The advantages of online trading in gold

 

Commodity trading online has become much more of an interesting business endeavor with real time commodity quotes and live charting services. Internet technology has made the type of commodity trading services previously reserved for the deep pockets professional trader available to all.

 

Gold trading prices

 

Generally, as the price of gold increases, the price of the US dollar falls. This is why investors use gold trading as a way of balancing their profit and loss against the US dollar. Also, as gold tends to keep its purchasing power over time, investors may buy gold to balance the effects of inflation and currency value changes.

 

The price of gold is measured by its weight. The price shows how much it costs for one ounce of gold in US dollars.

You can learn more about gold prices here.

The euro firmed against the dollar in a sluggish market

The euro has appreciated against the dollar Tuesday in a market virtually stagnant due to the holiday season, according to traders.
Around 1000 GMT (1100 Paris), the euro traded at 1.3225 dollars against 1.3161 dollars late Monday. The single currency rose earlier to 1.3250 dollars, its highest in over a week.
The euro was virtually unchanged against the Japanese currency to 108.86 yen against 108.98 yen Monday at 2200 GMT.
The dollar retreated against the yen in contrast to 82.31 yen 82.78 yen cons.
"Everything is calm, there is nothing special. Investors are not taking the position and awaiting the start of the year," said Olivier Korber, strategist at Societe Generale.
"There is an attitude of wait-and-+ see +. It's a market that barely moves," added Rene Defossez Natixis. For him, the rise of the euro against the greenback does not foreshadowed medium-term trend in one way or another.
"We must be wary of year-end movements, which occur in very small volumes and limited in scope, so no great significance," he warned.
The few investors still present for the final week of the year awaiting publication in the U.S. at 1400 GMT in house prices (S & P / Case-Shiller) and 1500 GMT the index measuring consumer confidence.
"Investors are expecting bad numbers. If their fears are confirmed, it could be very unfavorable to the dollar," cautions Dr. Defossez.
The foreign exchange market, however, should remain quiet this week because of Christmas and New Year, many investors are on vacation, recalled the traders.
Around 1000 GMT, the Swiss franc was up against the single currency at 1.2558 Swiss francs to one euro, as against the greenback at 0.9496 Swiss francs to the dollar.
The British pound retreated against the euro at 85.69 pence per euro but gained ground against the greenback at 1.5432 dollar.

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Japan ready to intervene again on the foreign exchange market

The Japanese Finance Minister Yoshihiko Noda warned Tuesday that his government was ready to intervene again on the foreign exchange market to dampen the yen.

The dollar hit its lowest in three weeks versus the Japanese currency, exchanging around 1000 GMT to 82.31 yen.

This rise of the yen hurts Japanese companies that sell to the outside, diminishing profits earned abroad and distorting their financial forecasts.

The yen has appreciated in value throughout the year against the dollar and the euro, the currencies considered more at risk due to uncertain economic prospects of the United States and the euro area.

"In recent days, for about a week (...) we have seen a movement in one direction. I continue to monitor market movements until the end of the year and the beginning of the next year, "said the Japanese minister told reporters.

"There is no change in our position, which is to take firm action if we find excessive volatility"in the foreign exchange market, "he added.

The Japanese government, with support from the Central Bank of Japan (BoJ) had already sold en masse on September 15 yen markets from Tokyo, London and New York. The Japanese currency had just experienced an unprecedented new high in 15 years against the dollar, and was about a nine-year-old record vis-à-vis the euro.

Bond rates relax after two disappointing U.S. indicators

Yields on the European bond market relaxed slightly Tuesday in a quiet market, affected by technical movements end of the year and by U.S. indicators which underline the fragile U.S. economic recovery.
Around 18:00 pm (1700 GMT), the performance of 10-year German Bund was relaxing at 2.992% against 3.031% as the rate of the French OAT at 3.353% against 3.391% late Monday. The London market was closed Tuesday.
Two indicators published Tuesday and underlining the fragility of economic recovery across the Atlantic have confirmed the upward movement of bond prices to reverse that changes in interest rates.
Falling housing prices continued at an alarming U.S. in October, according to the Case-Shiller index released Tuesday. Over the year, prices are now showing a decline of 0.8%, while analysts had forecast on maintaining gains.
Furthermore, the publication of the index of U.S. consumer confidence from the Conference Board fell to 52.5 in December, while analysts expected an increase.
Long-term rates on government bonds of the peripheral countries were almost stable: the Irish were part of long rates to 9.039% 9.052% cons Monday night. In Spain, rates have also been treading water at 5.465% against 5.462%. In Portugal the rate 10 years were enrolled to 6.59% against 6.67%.
United States, the good performance of the 10-year Treasury rose to 3.407% 3.351% cons Monday night and that's good for 30 years was virtually unchanged at 4.478% against 4.475%. The rates of short maturities went up to 0.19% against 0.13%.
On the interbank market, the three-month Euribor, the main rate in the euro zone was unchanged at 1.014%, while the Libor has not been published because of the close of trading in London.

The euro fell back against the dollar despite the negative indicators in the U.S.

The euro fell back Tuesday against the dollar, which has benefited from its safe haven status after the publication of negative economic indicators in the U.S. on a foreign exchange market always calm because the holiday season.

Around 2200 GMT (2300 Paris), the euro bought 1.3116 dollars against 1.3161 dollars late Monday.

The yen has further improved, despite statements by the Japanese government was ready to intervene again on the foreign exchange market to halt its rise.

The euro and retreated against the Japanese currency to 108.11 yen against 108.98 yen Monday at 2200 GMT. The dollar also fell against the yen at 82.43 yen against 82.78 yen yesterday.

Overall, "the euro is erratic movements, "said Rene Defossez summary of Natixis.

The single European currency rose to 1.3274 dollars before retreating sharply.

"This is a typical market holiday season, with low liquidity: it is quiet, but lack of liquidity, there is a strong movement throughout the day, " said Vassili Serebriakov, bank Wells Fargo.

Affelay seen by Moroccans

We saw at the airport in Barcelona engage in escalators, pursued by a horde of reporters and photographers. Flanked by a dark jacket, the young man (24 years), false relaxed, hands thrust into the pockets of his jeans, walks with a sure step towards the exit, as if to escape all these curious and scrutinizing the sniff. Affelay is not the first Dutch landing in Barcelona, his illustrious countrymen Cruyff, Koeman, Kluivert, De Boer brothers, among others, have left their mark on the history of the Blaugrana. It must be said that Ibrahim is not like other Dutch. Reacting to his Moroccan roots, he is the first line of Dutch-Moroccan to be officially invited into the temple of world football: the Camp Nou.

Chamakh nominated for the Arsenal goal of the year

Scorer against Braga in the first day of the Champions League, the Moroccan was nominated by the official website of Arsenal for this distinction. The Atlas Lions will be competition, with 15 other goals were also assigned to this title. The lucky winner will be announced after a survey by the website of the Gunners and is subject to public vote of Internet users.

You can find this link to the video of the Moroccan international and the list of nominees goals.

The Moroccan striker Marouane Chamakh is now candidate for the best goal for Arsenal in 2010.

No one will leave Real Madrid in January

Close the sporting director of Real Madrid, Jorge Valdano out the door to any player from the team during the coming winter, also ruled out largely on a new deal despite an injury to Argentine Higuain Jonalo and continued absence of action.

Valdano told the Spanish press, saying: "In the beginning, no one will leave, but we will benefit from a great opportunity if this happened, but we're not in this regard will not discuss these things now. "

Speaking of obtaining deserves the Golden Ball this year, Valdano concluded his remarks, saying: "All three candidates are all good but due to his stellar in the whole year, I think that Chafee more complete player and deserves the award this year. "

David Villa confirms that the era starred Barcelona is still ongoing

He reiterated the Spanish team's top scorer David Villa to his club Barcelona is still controlling the ball on the European and global at the moment thanks to the distinctive style of play and having the most prominent stars of world football.

And said Jawakhi to Catalan newspaper Sport said: "Maintaining our level depends only on us players and I think that we are able to do so. Yes, we want to continue at this level until the end of the season, "

And added: "To be part of this team honor for any player. the whole world is talking about and pride for me is very important and do not forget, too, the titles do not have a lot of them so far on the club level."

Moroccan player refuses to play for Belgium for the Atlas Lions

Nasser Chadli , Moroccan star striker Twente Enschede in the Dutch big desire to play for his native Morocco instead of the Belgian team.

He announced Nasser this news via the official website of FC Twente in the early hours of Tuesday morning, and pointed out that his soul had merged quickly with the elements of the Moroccan team, led by coach grits coach Al Hilal, a former Saudi, said Nasser after the follow-up to match Morocco against the Northern Ireland national team mid-November 2010 1 / 1 that he does not want to only play for his team and the original play for Belgium does not care.