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The South African currency headed for its fifth straight weekly growth against the U.S. dollar today as the traders speculated on the higher demand for the local currency from the carry trade participants.

The rand went up to its highest level against the U.S. currency during the last 6 weeks yesterday as the problems in the U.S. mortgage market proved to be more serious and the government will probably have to pour out more dollars to bail out the losing companies.

The South African currency continues to benefit from the interest rate difference it has with other countries. At 12 percent It’s currently at its highest value since 2003. This gives 10 percent benefit in yield against the U.S. dollar and 11.5 percent against Japanese yen.

The government is going to fight the inflation even at the cost of the slower economy growth. Such policy opens an opportunity for carry traders to gain from the rate difference for the long period of time.

Although today dollar strengthened against the South African currency, USD/ZAR currency pair declined this week from 7.6585 to 7.5893 or 0.9 percent.

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The Chilean peso became the worst performing currency in the last three months as the inflation soared and the central bank kept supporting exporters.

The peso dropped 11.8 percent against the U.S. dollar during the last three months as the government has been buying $50 million each day to support the national exporting companies keeping output growth up. Meanwhile inflation accelerated to 9.4 percent — the fastest rate in 14 years putting such practice to question.

Going up from the worst position to considerable gains may be close enough as the analysts expect that the central bank will stop buying dollars and will focus on inflation through currency strengthening.

Investment bank Credit Suisse forecasts that the Chile’s peso will gain 4 percent to 475 per U.S. dollar by the year’s end. BBVA expects peso to appreciate to only 480 per dollar, but the average forecast of the currency analysts is quite pessimistic — decline to 500 per dollar.

This week USD/CLP rate declined from 503.45 to 495.80 as the currency pair continued to correct after the July 1 peak at 525.76.

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The Great Britain pound fell today against its major counterparts after the private report on July house prices decline and the commentary made by the Bank of England policy maker.

There were two significant down-pushing factors for the pound today. First was the report by the Rightmove Plc, Britain’s most popular website on real estate, which showed a serious decline in the U.K. housing sector. Second was the recession-related commentary by David Blanchflowersaid, an external member of the Monetary Policy Committee, made for the Guardian today.

The Rightmove’s report showed the average property asking price in July declined 1.8 percent compared to June and 2 percent compared to July 2007. This was the first drop in an annual rate since 2002.

In his interview with the Guardian David Blanchflowersaid said that the United Kingdom’s economy is currently entering the recession period which may last more than a year. He also said that the central bank will probably have to lower the interest rate to support the economy. The next BoE’s monetary polciy meeting is scheduled for August 5. The current bank rate is 5 percent.

GBP/USD fell from 1.9952 to 1.9921 today as of 7:31 GMT. Pound also declined significantly agains tthe Japanese yen today — GBP/JPY went down from 213.37 to 212.37. EUR/GBP rose from 0.7937 to 0.7963.

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The New Zealand dollar fell to its 6-month low level against the U.S. dollar after the Reserve Bank of New Zealand cut the interest rate by a quarter percent point in its first rate reduction in the last five years.

Today New Zealand currency (also known as Kiwi) continued its downward trend started a week ago when traders began to decrease their positions in NZD as the speculations that the central bank will have to lower the benchmark interest rate prevailed.

Even after this rate cut traders continue to expect more rate reductions later this year. As the economic growth declines, the central bank will be forced to lower the record-high rates in order to support the business and consumer activity.

Reduction of the interest rate is a major blow for the New Zealand dollar — a currency which growth relied mostly on the so called carry trades. In NZD-based carry trades investors bought high-yielding New Zealand securities with the cheap Japanese yen and U.S. dollar spurring the demand for the Kiwi.

NZD/USD declined from 0.7438 to 0.7419 as of 9:00 GMT with the daily minimum at 0.7401 — the lowest since January 22. NZD/JPY dropped from 80.26 to 79.85 making it a second declining day in a row. AUD/NZD rose from 1.2903 to 1.2945 as the rate difference between these two currenсies declined.

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You can do just about anything online these days as you may already know. You can can do your shopping, banking, and even dating online if you so choose to do. Trading stocks online has really exploded in recent years. Investors love having the freedom to check on their stocks anytime they choose. Its more flexible than trying to use a broker in person or over the phone, though they still have their place in the investing world.

In fact, what youll find is that almost all brokers these days will have online trading options for their clients as well. Prices for online trading are typically lower as there is fierce competition among internet trading companies to grab the masses.There are certainly some benefits to online trading but there is a downside as well. Penny stocks are great for online trading.

One of the drawbacks is the learning curve if you are a new investor. The advantage of talking directly to a broker is he or she can explain things very quickly and share valuable wisdom and experience. Jumping into the stock market ocean can be very risky if you dont have an experienced life guard nearby. Your best defense in this situation is becoming as educated as possible before investing any large sums of money. Also, use practice trading accounts until you feel comfortable.

A broker usually has live feeds and constant internet connectivity to stay on top of the market constantly. You may not have this kind of connectivity all day every day, which is very necessary for some types of investments. You need to be ready to make a trade on a moments notice sometimes. You need to be sure that you can call and speak with a broker if this is the case, using the online broker. This is true whether you are an advanced trader or a beginner.

It would probably be wise to choose an online broker thats been around for awhile and would be able to offer sound advice in the event that you did need to talk to a real person.

Dont mean to scare you here. Of course online trading can be a wonderful tool if you know what youre doing. It also depends on the level of risk of the investment. In some cases you may be watching stocks day to day and would find online trading accounts very useful. Perhaps for a long term retirement investment that is pretty safe you wouldnt need to check up on it that much. Learn and practice as much as possible before starting online trading.

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If you are serious about pursuing investments in the realm of the foreign exchange market, then you want to learn as many tricks of the trade as possible. Fortunately, uncovering Forex trading secrets is not as difficult as you may think. Here are some suggestions for resources that will help you learn some helpful tips and tricks in very little time.

One of the key things about building your arsenal of Forex trading tools is to understand that some of them will be online resources while others will involve more conventional avenues. Don”t tend to think that one is a good substitute for the other. Plan on developing a working list of diverse resources to help you in learning how to trade Forex.

A good place to begin learning a few tips and secrets is by purchasing a few books on the subject of foreign exchange. Forex trading books are loaded with background and ideas that may be just what you need in order to get very enthusiastic about the whole idea of trading. Books also have the advantage of being accessible even if an electronic device is unavailable.

Along with printed matter, don”t forget to ask your dealer about some basic Forex trading secrets. Often, this will yield at least some good ideas to keep in the back of your mind when deciding whether to initiate a given deal or not. Remember that a broker dealer has a wealth of experience to call upon, and there is no reason why you should not pick up on some of that experience. Most dealers are happy to share a few tips with a new investor, since it helps to build rapport and increase the chances of doing business together.

Networking with other Forex investors is also a good way to learn about resources and pick up some tips that could allow you to make quite a profit. You can find other investors at business-related events in the community, as well as participating in online forums that cater to Forex trading tips and strategies. As you come across some good ideas from one source, don”t forget to share them with others on the forums. This will help you cultivate the reputation of being up front, which in turn will make it easier for others to respond with helpful suggestions when you ask a question.

Searching the Internet for helpful articles about Forex trading may also provide some useful ideas as well. There are a number of web sites today that are devoted to the subject of Forex trading, so finding plenty of content on the web will not be difficult at all. Look for sources that offer links to other resources, or include a bibliography at the end of the article. These tools will help you continue to find more resources that will yield even more useful trading secrets.

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There is no doubt that penny stocks are a risky and thinly traded breed of stocks issued by relatively tiny companies. Also, the SEC does not require penny stocks to follow their reporting rules. This combined with unclear or unverifiable financials can make this stock seem like something to avoid altogether. Penny stocks can be dangerous for investors of all experience levels but especially for amateurs just getting their feet wet. Here are five tips to help find the best penny stock picks.

1. Profit

First off is the company you are interested in investing in experiencing any sizeable profits. Better yet is their profit to debt ration favorable. Youd be hard pressed to find one of these little companies without debt but that doesnt mean you cant be picky. In this case the least amount of debt with the most profit will be a better investment. Another thing to watch is how progressive the debt payoffs have been. This would be a sign of good or bad financial management.

2. Industry Trends

This is one of those methods that almost all people use anyway. If there is a high demand for oil then people instinctively want to go buy oil stocks. The only problem with this kind of trend analysis is it really isnt forward looking analysis. This is just waiting and seeing which doesnt get you in on the ground floor of and investment before the public takes notice. Investing ahead of an industry trend is far better. So look for stocks in industries that are the edge of more demand.

3. Personal Interest

Theres a saying that you do well at things you enjoy to do. This makes logical sense and it works with stocks as well. If you invest in something that actually interests you then you will naturally be more studious and make more of an effort to choose the best stocks. It can be very boring researching stocks that dont interest you and you are likely not to be as thorough as you should be.

4. Tenure

How long has the company been in business? This is not to say that investing in newer companies is a bad idea but its more likely to be safer investing in a more established company with some kind of track record.

5. Bad Behavior

Last tip is an obvious one. Stay away from companies whose operations or transactions have been questionable. Even if the bad press is not completely true it will be difficult for a company to recover in the short and maybe even long term.

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