Full Money Market

Posts Tagged ‘Bank’

The Free Market and our Money.

Duration : 0:6:13

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To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate. Avoid exchanging money with countries that spend more money than they bring in with advice from a financial consultant in this free video on currency exchange.

Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu

Duration : 0:2:13

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http://www.informedtrades.com/
A lesson on how to calculate profits and losses in the forex market for active traders and investors in foreign exchange and currrencies.

Duration : 0:7:44

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Technorati Tags: Bank, Central, currency, day, daytrading, demo, finance, Forex, forextrading, fx, investing, money, stockmarket, Trade, trading

To view the next video in this series click: http://www.monkeysee.com/play/16380

Duration : 0:2:2

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http://www.informedtrades.com/
A lesson on what a pip is in the forex market as well as what fractional pip pricing is for active traders and investors in the foreign exchange market.

Duration : 0:3:51

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Technorati Tags: Bank, Central, currency, day, daytrading, demo, finance, Forex, forextrading, fx, investing, money, stockmarket, Trade, trading

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Monday, August 31 12:48:54

A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

The State-owned Assets Supervision and Administration Commission, the regulator and nominal shareholder for state-owned enterprises (SOEs), told six foreign banks that SOEs reserved the right to default on contracts, Caijing magazine quoted an unnamed industry source as saying in an article published on Saturday.

While the details of the report could not be confirmed, it was Monday’s hot topic in financial circles from Shanghai to Singapore as commodity marketers feared that companies holding underwater price hedges could simply renege on the deals, costing banks millions of dollars in profit.

The warning from SASAC follows a series of measures from Beijing this year to crack down on the sale of derivative products by foreign banks to Chinese enterprises, principally big consumers, who bought protection against higher prices last year only to watch the market collapse — leaving them with losses.

While many companies including top airlines have come clean on the losses, some analysts fear another wave may follow.

“I wouldn’t be surprised if more state firms emerge with big derivatives trading losses, otherwise SASAC wouldn’t come out with such a radical move,” said a Hong Kong-based derivatives analyst, who like most other industry officials and bankers declined to be named due to the high sensitivity of the issue.

A SASAC media official said on Monday that he was waiting for the “relevant department’s” official comment before he can clarify to media. A government official said that the Bureau of Financial Supervision and Evaluation under SASAC was handling the issue. The official declined to be named and did not elaborate.

Spokespersons at Goldman Sachs and UBS declined comment, and media officials at Morgan Stanley and JPMorgan were not immediately available for comment. All are major global providers of commodity risk management.

No bank were named in the Caijing report. The SASAC media officer also declined to identify any specific banks.

“It’s a handful of companies who are being encouraged by regulators to re-negotiate,” said a second banking source. “It’s outrageous, but it’s China, so everyone is treading very carefully.”

For banks that are hoping to sell more derivatives hedges in China, the world’s fastest-expanding major economy and top commodities consumer, the danger goes beyond the immediate risk to existing contracts to the longer-term precedent that suggests Chinese companies can simply renege on deals when they like.

The report follows an order from SASAC in July that required all central government-controlled state companies engaged in trading derivatives to make quarterly reports about their investments, including details of holdings and performance.

But the reported letter opened several important questions that could not immediately be answered. “If we were among the banks receiving that letter, we would be very angry. But now the key is to find out more details on the letter: In whose name the letter was issued, the government or the corporate’s? And under what was the reason for defaulting?” said a Singapore-based marketing executive with a foreign bank.

The source, whose bank did not receive a letter, said that Air China, China Eastern and shipping giant COSCO – among the Chinese companies that have reported huge derivatives losses since last year – had issued almost identical notices to banks.

“If it’s in the name of the government, the impact will be very negative,” said the source, who declined to be named.

Beijing-based derivatives lawyers said the so-called “legal letter” has no legal standing — SASAC as a shareholder has no business relationship with international banks.

“It’s like the father suddenly told the creditors of his debt-ridden son that his son won’t pay any of his debt,” said a lawyer from the derivatives risks committee of the Beijing Lawyers Association. (C ) Reuters

Duration : 0:3:27

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Technorati Tags: Bank, bubble, china, Chinese, collapse, crash, derivatives, dollar, gold, goldman, Investment, market, rmb, sachs, silver, stock, Yuan

http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on the different contract sizes available to active traders and investors in the forex market.

Foreign Exchange, currency trading, forex trading

Duration : 0:6:45

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Technorati Tags: Bank, Central, currency, day, daytrading, demo, finance, Forex, forextrading, fx, investing, money, stockmarket, Trade, trading

http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
A lesson on how the central banks of the world participate in the foreign exchange market and move the forex market up and down for their economic benefit.

Duration : 0:4:1

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Feb. 26 (Bloomberg) — Paul Mortimer-Lee, global head of market economics at BNP Paribas SA, talks about the U.K. economy, which emerged from recession at a faster pace than previously estimated in the fourth quarter.
Gross domestic product rose 0.3 percent from the third quarter, compared with a previous calculation of 0.1 percent growth, the Office for National Statistics said today. Speaking with Bloomberg’s Andrea Catherwood in London, Mortimer-Lee also discusses the U.K.’s fiscal situation and European Central Bank policy.

Duration : 0:5:6

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Feb. 11 (Bloomberg) — Michael Gomez, co-head of emerging markets at Pacific Investment Management Co., talks with Bloomberg’s Margaret Brennan about his investment strategy for emerging-market debt.
Gomez also discusses the outlook for resolving Greece’s budget deficit crisis. (Source: Bloomberg)

Duration : 0:5:21

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