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Sunday, November 8, 2009

UK Darling: G20 Must Raise Its Sights, Ambitions On Econ

UK Darling: G20 Must Raise Its Sights, Ambitions On Econ

ST. ANDREWS, Scotland -(Dow Jones)- Finance officials from the Group of 20 leading economies must agree a framework to boost global economic growth and make progress in agreeing a funding package to combat climate change, U.K. Chancellor of the Exchequer Alistair Darling said Saturday.
Darling is hosting a meeting of finance ministers and central bank heads from the G20, their third and final gathering of the year.
"We must raise our sights, raise our ambitions," Darling said told the G20 officials as Saturday's meetings began. "It's important that we don't resign ourselves to a decade of low growth."
Among the items on their agenda is how to finance efforts to combat climate change ahead of next month's summit in Copenhagen on global warming. The G20 nations don't appear to be close to an agreement on how much each would contribute to helping developing nations reduce their carbon emissions, but Darling said the meeting must make some headway.
"It's imperative that when we reach the end of the day we show real progress," he said. "If there isn't an agreement on finance, negotiations in Copenhagen will be much more difficult."
-By Paul Hannon, Dow Jones Newswires; 44 20 7842 9491; paul.hannon@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=JRpYnFx6gH%2FEWyKsVCS9MA%3D%3D. You can use this link on the day this article is published and the following day.

UPDATE:China Calls For Stability In Key Reserve Currencies -Xinhua



UPDATE:China Calls For Stability In Key Reserve Currencies -Xinhua




(Adds more comments, background.)



ST. ANDREWS, Scotland (Dow Jones)--China urged nations that issue major reserve currencies to keep their currencies and their exchange rates stable, state-run Xinhua News Agency reported Saturday, citing Finance Minister Xie Xuren.



"The nations that issue key reserve currencies should maintain the value of their currencies and exchange-rate stability, preventing negative spillover effects," Xinhua quoted him as saying.



China has kept the yuan exchange rate basically steady against the dollar over the past year and becuase the dollar has been appreciating, the yuan has, therefore, also weakened against the euro. That has spurred international pressure for China to let the yuan appreciate.



While urging nations to maintain the stability and continuity of their economic policies, Xie also urged them to take timely measures against possible risks, including inflation, according to the report.



"Each nation should pay attention to fiscal and economic growth sustainability and take timely measures to deal with potential risks, including inflation," he said.



With China's own growth rebounding in recent months, Chinese officials have aired concerns about possible domestic inflation risks. China, as the biggest creditor of the U.S. , is also worried that future inflation in the U.S. could erode the value of its holdings of dollar-deniminated assets.



Xinhua also cited People's Bank of China Gov. Zhou Xiaochuan as calling for an increase in the proportion of senior management and staff at international financial institutions who come from developing nations.



He repeated China's call for the IMF to step up its oversight of economic policies and financial supervision in major developed economies, according to the report.



There have been reports that China is grooming a deputy central bank governor, Zhu Min, to eventually take a senior role at the IMF.



-By Terence Poon, Dow Jones Newswires; 8610 8400-7799; terence.poon@dowjones.com



Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=JRpYnFx6gH%2FEWyKsVCS9MA%3D%3D. You can use this link on the day this article is published and the following day.



(END) Dow Jones Newswires



November 07, 2009 15:04 ET (20:04 GMT)





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Friday, October 16, 2009

Labor markets are the Achilles Heel

Labor markets are the Achilles Heel





UniCredit Group − The global economy is recovering, and there is mounting evidence that the third quarter was probably strong. Nevertheless, there are lingering doubts about the sustainability of the upswing. We are sticking to our picture of a W−shaped recovery – without expecting a relapse into recession.

Tuesday, September 1, 2009

Forex news 1st sept 2009


Negative Week for Canada’s Currency as Risk Aversion Rises

The Canadian currency entered its third day of consecutive losses as a new intense wave of risk aversion is creating bearish patterns in the main two loonie’s vectors, the crude oil and stocks.
After touching the highest rate in more than 10 months in June, the Canadian currency did not manage to sustain its high levels as towards the end of August and now in the beginning of September stocks declined and demand for commodities faltered, influencing negatively the performance of the Canadian dollar.
USD/CAD traded at 1.1046 as of 18:28 from a previous rate of 1.0938 in the intraday comparison.

Sunday, August 23, 2009

Forex News- Aug.23rd, 2009

Canadian Dollar Hits 2-Week High on Stocks, Crude Oil
The Canadian dollar extended its yesterday’s gains today as optimism rose worldwide regarding the so much waited economic recovery, pushing commodities that influence loonie’s rates up.


Yen Declines On U.S. Home Sales Improvement
The Japanese currency declined before the end of this week’s session on improved U.S. housing data, suggesting that the wealthiest country in the world is finally reacting economically from the worst recession in decades.

Brazilian Real Climbs on European Confidence
The Brazilian real, the best performing currency among the emergent markets, rose today after the German and French positive PMI reports, which brought investors back to riskier assets relying on speculations that the economic recovery has already started.

German Manufacturing Provides Support for Euro Climb

Germany and France posted favorable reports today indicating that the wealthiest countries in the Eurozone may be finding its way out of recession, evidence which helped the euro to gain versus several currencies towards the end of this week’s session.


Goldman Sachs Influences Canadian Dollar Rally
The Canadian dollar traded at the highest level this week after one of the most relevant investment banking corporations in the world suggested that the loonie is likely to gain versus its U.S. counterpart in the short term.

Friday, August 7, 2009

Forex News. 7th Aug. 2009

Australian Dollar Climbs on Employment Data

The Australian dollar is being traded today near a 10-month high as job figures in the country came unexpectedly positive, adding confidence that the South Pacific region will be one of the first global economic areas to find its way out of recession.

Brazilian Real Drops After U.S. Reports

After a report in the U.S. indicating that services industries contracted at a faster pace last month, the Brazilian currency witnessed its first decline in over a week, as concerns regarding the global economy affect emergent markets currencies.

Mexican Peso Climbs on Credit Rating

The Mexican Peso climbed to a 2-month high after Moody’s stated that the country has a stable outlook for investments, erasing speculations that the country would be downgraded for the first time since 1995.

Forex News. 7th Aug. 2009

Canadian Dollar Down as Oil Declines
The Canadian dollar had a second day of negative performance as unemployment in the nation is expected to grow further, damping demand for the loonie

Brazilian Real Falls on Commodities Decline

Brazil’s real, the best performing among the 16 most traded currencies had the most significant fall in more than a month as commodities declined today, pushing investors away from the South American currency

Pound Continues High on Real Estate Market Forecast

The pound is trading near a 9-month high versus the U.S. dollar as multiple news brought traders to the renewed attractive profile of the British currency, which is expecting a rebound in the U.K.’s housing market before the end of the year.

Tuesday, July 21, 2009

What is Forex Market

An overview of forex market
The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The main enticements of currency dealing to private investors and attractions for short-term Forex trading are:

*24-hour trading, 5 days a week with non-stop access to global Forex dealers.
*An enormous liquid market making it easy to trade most currencies.
*Volatile markets offering profit opportunities.
*Standard instruments for controlling risk exposure.
*The ability to profit in rising or falling markets.
*Leveraged trading with low margin requirements.
*Many options for zero commission trading.

Forex trading

The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Saturday, July 11, 2009

Forex News 11julay,2009


Canadian Dollar Continues Drop as Commodities Price Falter
The Canadian currency ended its sixth week of losses against its U.S. counterpart as commodities and stocks dropped moved by concerns that the global slump will be longer and deeper than previously predicted


Chilean Peso Declines as Interest Rates Reach Record Low
The Chilean peso hit the weakest level in three weeks as the national central bank slashed the benchmark interest rates to a record low for the South American country.

Yen Rallies on Global Slump Insistent Concerns
The yen had one of the best performing days this week as rising concerns that the global slump will be longer than previously expected plagued markets worldwide with high levels of risk aversion, bringing investors to bet on the safety of the Japanese currency.

Euro Falls as Eastern European Economies Shrink
The euro is posting its worst weekly performance against the yen in two months and losing against several major currencies as more than 10 Eastern European nations will need loans to rescue their economies from the rising recession in the region

Sunday, July 5, 2009

Forex News July 5 , 2009


Dollar Climbs as Safety Demand Rises on Markets

The dollar ended this week posting gains versus all 6 major currencies, as another wave of pessimism caused by grim reports in U.S and U.K. Spurred demand for the safety of the greenback.

Mexican Peso Ends Week Down on Poor Economic Data
The Mexican peso, a currency which is highly dependent on United States economic conditions, had the first decline in three weeks as American unemployment figures increased concerns regarding the nation’s recession depth

Brazil’s Real Pared Weekly Losses on Exports Data

The Brazilian real, which started the week with a bearish movement due to rising concerns regarding the global slump depth, recovered its losses on favorable domestic economic reports.

Thursday, July 2, 2009

Forex latest News july 2nd , 2009

Swedish Krona Down on Central Bank Surprise

The Swedish krona lost against the euro and the dollar today after the nation’s central bank unexpectedly cut its benchmark interest rate and stated that the recession is deeper than predicted.




China’s Confidence on Dollar Pushes Greenback Up

The U.S. dollar climbed today after a Chinese Foreign Ministry official stated that the believes in the stability of the greenback, and informed that he is unaware of discussions next week during the G8 meeting regarding eventual substitutes for the dollar as the world main reserve currency.

Sunday, June 28, 2009

Forex News Jun 28,2009

Dollar Declines on China Alternative Reseve Currency Demand
The Dollar ended the week losing against several major currencies after China declared this Friday that a supranational currency should be created for regulating international trade, damping demand for the greenback, which is currently the world main reserved currency. it means it is an international currency.

Pound Rebounds as Risk Appetite Drive Investors to British Assets

The British pound had a day of gains versus the euro and the dollar as a new wave of risk appetite struck markets today, influencing investors to purchase assets in British stocks, weighing positively on the National currency.


Dollar Drops on Interest Rate Outlook

The U.S. dollar had a weak performance today losing against most of the major traded currencies, as stocks rose for a third day, mainly in Asia, damping demand for the greenback.

Thursday, June 25, 2009

Yen Down After OECD Revealing Forecasts

The Japanese yen, often associated as the best performing currency in times of crisis due to its refuge investment profile, lost today as the OECD predicted an unexpected growth to its member countries, spurring demand for high-yielding assets.
The Organization for Economic Cooperation and Development stated today that its 30 member nations are expected to grow 0.7 percent next year, after a decline forecast of 4.1 for 2009, an affirmation which despite the negative numbers for the current year rose investors confidence to purchase higher-yielding assets this Wednesday in equities and currencies markets. Currencies like the Norwegian Krone, highly associated with the crude oil rates, and the Australian dollar led the gains versus the yen, which after days of tension in stock markets, had a considerable rally in the beginning of the week. The greenback was one of the few currencies that lost against the yen, as today it is very likely that a report will indicate another drop in durable goods orders in North America.
The yen is in the hands of the risk appetite levels, according to currency strategists. Currently without any expected data from that Asian nation indicating any economic movement other than the already expected, the Japanese currency is being moved by investors confidence and the waves of risk aversion and appetite. It is hard to determine what direction the yen will follow, until the equities and commodities markets define a pattern.

Friday, May 29, 2009

Forex News May29, 2009

British Pound Climbs as House Prices Rebound
The pound sterling rallied against the dollar and the yen after a report on house prices revealed an unexpected rise in May, boosting confidence among investors that the real estate crisis may be easing


Stocks Rally Push Dollar Down as World Economy Improves
The month of May posted the biggest losses for the U.S. currency in a one-year period against the euro, as equities markets continue to rise on optimism about improvements in the global economic situation


Yen Declines Further as Investors Purchase Assets Overseas
The yen hit a 8-week low against the dollar and also lost ground against the euro, as Japanese investors, driven by a new wave of confidence on world markets, return to overseas investments

Tuesday, May 19, 2009

Yen Falls After Vice Finance Minister’s Comment

The Japanese yen declined against its major counterparts today after the Japanese Vice Finance Minister said that the currency rate volatility is hurting the country’s economy.



Euro Down as German GDP Falls More than Expected

The Eurozone single currency declined against all other major currencies today after the news went out that the economy of Germany contracted at a fastest pace in decades last quarter.

Forex News (19May 2009)

Canadian Dollar Gains on Stocks and Oil Growth

The Canadian dollar advanced against both U.S. dollar and the euro for a second day today as the stock markets surged globally, while the oil price advanced close to $60 per barrel.

Forex News (19May 2009)

Canadian Dollar Gains on Stocks and Oil Growth

The Canadian dollar advanced against both U.S. dollar and the euro for a second day today as the stock markets surged globally, while the oil price advanced close to $60 per barrel.

Sunday, May 17, 2009

Foreign Exchange

Another form of exchange rate is known as pegged exchange rate. This is a system where the value of the exchange rate is fixed by the government of a country and not the supply and demand of the market. This system is called pegged exchange rate because the value of a country’s currency is fixed to another country’s currency. As a result, the value of the pegged currency will not fluctuate unlike the floating currency. The working principle behind this system is slightly complicated where the government of a country will fixed the exchange rate of their currency and when there is a demand for a certain currency resulting a rise in the exchange rate, the government will have to release enough of that currency into the market in order to meet that demand. However, there is a fatal flaw in this system where if the pegged exchange rate is not controlled properly, panics may arise within the country and as a result of that, people will be rushing to exchange their money into a more stable currency. When that happens, the sudden overflow of that country’s currency into the market will decrease the value of their exchange rate and in the end, their currency will be worthless. Due to this reason, only those under-developed or developing countries will practice this method as a form to control the inflation rate.

However, the truth is, most of the countries do not fully practice the floating exchange rate or the pegged exchange rate method in reality. Instead, they use a hybrid system known as floating peg. Floating peg is the combination of the two main systems where one country will normally fixed their exchange rate to the US Dollars and after that, they will constantly review their peg rate in order to stay in line with the actual market value.

The Foreign exchange market, or commonly known as FOREX, is the largest and most prolific financial market because each day, more than 1 trillion worth of currency exchange takes place between investors, speculators and countries. From this, we can deduce that the actual mechanism behind the world of foreign exchange is far more complicated than what we may already know, and that, the information mentioned earlier is just the tip of an iceberg.

Foreign Exchange Introduction

Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.

Saturday, March 21, 2009

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Thursday, March 19, 2009

Forex News

USD/JPY: The Dollar testing 94.64 support level
Thu, Mar 19 2009, 14:09 GMT http://www.fxstreet.com/
USD/JPY: The Dollar testing 94.64 support levelFITITOL-->FXstreet.com (Barcelona) – The Dollar has dropped down to what seems a rather critical key level at 94.64 (6 Jan high and 61.8% Fib retracement level of the Jan – March rally).If that level gives way, next support comes at 94.26 (24 Feb low), and below here 92.76 (23 Feb low) swinging below here, the Dollar could find next support level at 92.51 (20 Feb low).On the upside, bouncing from current levels, the Dollar could find first resistance level at 94.95 (24 Feb high), and above here 95.58 (Mar 12 low) before facing intra –day high at 96.60.

Sunday, March 15, 2009

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Sunday, March 8, 2009

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Saturday, February 28, 2009

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Sunday, February 15, 2009

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Easy Forex exchange

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Forex-Affiliate.com is a leading and highly profitable Forex affiliate program. Affiliating in the Forex market offers you great earning possibilities, with the ability to conduct your business over the Internet. Affiliates are provided with online support, marketing ideas and tools to develop their business – all free of charge. In addition to the CPA commission (a one-time commission); this program remunerates you with a percentage of the revenue generated by your referred trader's activity. You get commission on a monthly basis, per the total revenue generated by all your referred traders. Our Forex Affiliate Program offers two tiers; in the 2nd tier you can enhance your earnings by introducing Forex Affiliates under you. You choose the sort of www.Forex-Affiliate.com program that is best for you

Easy-Forex® Manifesto
We’re focused on the only person who counts.You.
1. Forex should be easy
Forex looks difficult and complicated, only for the big boys.We'll make it easy and accessible, allowing anyone to be part of the big game.
2. Forex is exciting
Finance should not be boring.We feel the excitement of forex.We'll bring this excitement to you.
3. It's a competitive world.
We are devoted to creativity and constant innovation to increase benefit to you.
4. Forex is a tough game.
Truth and transparency will always guide our behavior. We’ll hide nothing from you.Least of all the truth.
5. Work is serious and fun.
We’re casual and approachable.But disciplined and professional.
6. We’re always available for you.
We’re ready.Are you ready?

For More detail click here http://www.easy-forex.com/

Thursday, February 5, 2009

$50,000 Forex Practice Trading Account

Experience the exciting world of currency trading with a free practice account. Register below for unlimited access to the FOREXTrader platform for the next 30 days, along with:Real-time executable quotes in 37 currency pairs · Powerful chartingpackage for technical analysis · 24-hour news headlines, research and more

Monday, February 2, 2009

GFT

Get your start in the forex market with the FREE Forex Essentials Kit.

Introductory Guide to ForexDiscover the fundamentals you need to know before trading currencies.

Real-time Practice AccountPut your knowledge to work by trading in real market conditions, risk-free.

One-on-One TrainingLearn about forex and how to make the most of our trading platforms.

Foundation WebinarsView an online course on forex basics or trading plans.


RISK WARNING: CFDs, spot forex and spread bets are leveraged products and may not be suitable for everyone as it is possible to lose more than the funds you deposit. Please ensure that you fully understand the risks involved. GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority. GFT Global Market’s demo system is a critical element in its educational effort to ensure that clients have access to state of the art technology and accurate market information. The demo system is intended to give customers a live feeling for trading, in terms of order execution, speed and platform versatility. GFT Global Market’s demo and live systems permit customers to view price quotes and trade many of the available instruments as CFDs, spread bets or spot forex. Although our system is mainly based on live prices, the liquidity available in the demo mode may not always reflect the actual liquidity available when trading a live account.
About Us

Welcome to GFT Global Markets

Your business is important to us, and so is your satisfaction. We are committed to providing the best possible tools, the best possible service and, above all... integrity.
– Gary L. Tilkin, Chairman & Founder, GFT Global Markets UK Ltd.
Thank you for considering GFT Global Markets as your dealer for financial spread betting, CFDs, and forex trading. If you wish to speculate in alternative market derivatives, I’m sure you will find GFT Global Markets to be among the finest in the industry. As a member of the trading industry for more than 30 years, I know the importance of having a knowledgeable and experienced dealer.
GFT Global Markets is related to the U.S.-based currency dealer, Global Forex Trading, and we have built upon the same reliable and user-friendly software to deliver superior trading and order execution to GFT Global Markets customers. Our world-leading trading software, DealBook® 360, is capable of handling virtually any kind of order, and we offer a variety of superior tools to assist you along the way.
At GFT Global Markets, we leverage the latest in technology, software and market data to deliver real-time pricing to our worldwide network of customers and referring parties. We quote an extensive range of prices on the majority of the world’s major financial markets and deliver those through our dependable software.
Our customer service-oriented dealing desk and support staff is available 24 hours a day to assist you with any questions or issues you may have. Because we understand and appreciate the demands of global private investors, we’ve hired an experienced staff that is committed to providing you with the highest levels of customer care, technology, accountability, and above all, integrity.
Sincerely,
– Gary Tilkin, Chairman & Founder, GFT Global Markets UK Ltd
For More Information Click http://www.gftuk.com/

Friday, January 30, 2009

Forex Exchange

INTRODUCTION
The foreign exchange (currency or FX) market is where currency trading takes place. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[1] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[2]The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.
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The foreign exchange (currency or FX) market is where currency trading takes place. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[1] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[2]The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.