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Thread: what about 5th competition??

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    Default what about 5th competition??

    what about 5th competition??

    any information about that

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    could I know just a little thing about the competition.
    the 1st one who won the last competition, how much did he start and with how much did he finish

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    that man I can enter now or I cant

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    i had register for 5th competition but no id and password displayed why?

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    Salam.. i've registered for next competition.. now i'm waiting for the approval..

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    fifth competition in what and how can we participate?

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    New Home Sales: Today At 3:30 GMT ...Measures the annualized number of new residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation's currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.
    Last edited by mohammad2903; 06-26-2007 at 09:15 AM.

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    Consumer Confidense : Measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future. Higher readings point to higher consumer optimism. When consumers are optimistic they tend to purchase more goods and services, which stimulates the economy.

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    Fresh New Home Sales Data to Assess Price Pressure
    After Monday's multi-year low in Existing Home Sales in the US, market attention shifts to today's New Home Sales figure. Last month, there was a notable divergence between the two, with the former coming in below expectations of 6.14M at 5.99M while the latter surprised to the upside at 981K versus the 860K expected. This was quite a deviation from the recent range which has seen a steady decline in New Home Sales since the end of 2006.

    December: 1,019K
    January: 890K
    February: 856K
    March: 844K

    If the Actual May figure meets the forecast of 922K, an argument for a bottom in housing decline would be supported. However, a more significant component of New Home Sales data will likely be the Median Price Paid. Last month, the upside surprise was offset by a record level drop in median prices, leading to a sharp reversal in knee-jerk dollar gains. If the market sees a similar dynamic of the rise in new home sales coming at the cost of drastic price cuts by the relatively more limber home builders, the dollar is likely to suffer. On the other hand, a rebound in median prices would serve as a timely reminder of a recovery to the Fed, which has recently expressed a more pessimistic view regarding the longevity of the housing drag on the economy.
    __________________

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    Thursday would be an important day for the dollar, The GDP is expected to rise from 0.6% to 0.8% and there would be no change in the interest rate for the dollar.

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    Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation's currency. GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency.

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    Eight times per year the Federal Open Market Committee (FOMC) votes on where to set the nation's short term interest rate (i.e., "federal funds rate"). Shortly after each vote, the FOMC releases a statement that contains the outcome of their vote, a brief commentary of the economic conditions that effected their decision, and most importantly, clues regarding the outcome of future votes. A rising trend in interest rates has a positive effect on the nation's currency. Short term rates are the paramount factor in currency valuation; traders look at most other indicators merely to predict how interest rates may change in the future. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. The decision on where to set interest rates depends mostly on inflation. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates in an attempt to bring prices down.

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    Yen Rises From Record Low Against Euro as Investors Cut Risks

    June 25 (Bloomberg) -- The yen rebounded from a record low against the euro and rose for the first time in four days versus the dollar after the Bank of International Settlements warned about the risks of betting against Japan's currency.

    Investors also exited the so-called carry trades, in which they buy higher-yielding assets funded by loans in the yen, after Chinese central bank Governor Zhou Xiaochuan said he didn't rule out further interest-rate increases, pushing down stocks in Asia and Europe. Concern over losses from Bear Stearns Cos. hedge funds also led people to reduce risks, adding to yen buying.

    ``Officials cautioned that there shouldn't be a one-way bet against the yen,'' said Boris Schlossberg, senior currency strategist at DailyFX.com in New York. ``This certainly puts a pause on the carry trade. But people are still seeking higher returns. The market is taking a break before pushing up the carry trades again.''

    The yen rose 0.2 percent to 166.49 per euro at 10:17 a.m. in New York, rebounding from an all-time low of 166.94 June 22. The Japanese currency also advanced 0.2 percent to 123.66 per dollar, rising from 124.13 on June 22, the lowest since December 2002.

    The yen has dropped against all 16 major currencies tracked by Bloomberg this year as Japan's 0.5 percent benchmark interest rate, the lowest among major economies, spurred carry trades. It compared with 5.25 percent in the U.S. and 4 percent in Europe.

    The dollar was lower against the yen and traded little changed versus the euro after an industry report showed sales of previously owned homes in the U.S. fell in May to the lowest level in almost four years. The dollar traded at $1.3467 per euro compared with $1.3470 on June 22.

    Existing Homes

    Sales of existing homes fell to an annual pace of 5.99 million from a revised 6.01 million in April, according to the National Association of Realtors. Economists in a Bloomberg survey had forecast 5.97 million.

    Japan's yen benefited from the BIS's 77th annual report that warned investors about their ``too firm conviction'' on the carry trades. The BIS report, released yesterday, reminded investors the yen jumped about 10 percent against the dollar during two days in 1998.

    ``Tighter monetary policies would help to redress the situation, but the underlying problem seems to be a too firm conviction on the part of investors that the yen will not be allowed to strengthen in any significant way,'' the report said.

    Declining Stock Markets

    Stock markets in Asia and Europe dropped, led by Chinese equities that plunged the most in three weeks, as Zhou said the country's shares may be overvalued and hinted at further interest-rate increases.

    Volatility implied by one-month dollar-yen options, a gauge of exchange-rate swings, rose to 6.3 percent, the highest since June 15. Higher volatility may discourage carry trades as it suggests greater exchange-rate fluctuation risk.

    ``We are seeing a pullback on the yen,'' said Jeremy Stretch, senior market strategist at Rabobank Groep in London. ``We have seen a number of warnings about the carry trade. With equity-market volatility increasing, investors are wary of putting money onto the table.''

    The yen's gain was limited as finance companies will market more than 1.5 trillion yen ($12.1 billion) of foreign-currency investment trusts before the end of June, the month Japan's workers receive summer bonuses, according to data compiled by Bloomberg.

    ``I expect the yen to be sold,'' said Kengo Suzuki, currency strategist at Shinko Securities Co. in Tokyo. ``The end of the month is generally the deadline to purchase new investment trusts. The interest-rate differential contributes to investor flows to other countries.''

    The yen may weaken to 124.85 per dollar this week, he said.

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