Tuesday, September 29, 2009

Major stock exchanges

Major stock exchanges

Twenty Major Stock Exchanges In The World: Market Capitalization & Year-to-date Total Turnover at the end of May 2009

Region ↓ Stock Exchange ↓ Market Value
(millions USD) ↓
Total Share Turnover
(millions USD) ↓
Africa Johannesburg Securities Exchange 605,040.2 117,424.7
Americas NASDAQ 2,773,684.3 12,256,704.3
Americas São Paulo Stock Exchange 920,263.9 191,926.1
Americas Toronto Stock Exchange 1,347,674.0 490,912.4
Americas New York Stock Exchange 9,574,066.6 7,986,835.8
Asia-Pacific Australian Securities Exchange 839,062.7 273,205.9
Asia-Pacific Bombay Stock Exchange 1,032,589.6 83,906.6
Asia-Pacific Hong Kong Stock Exchange 1,773,002.2 519,465.7
Asia-Pacific Korea Exchange 640,357.6 618,607.8
Asia-Pacific National Stock Exchange of India 968,815.1 242,641.7
Asia-Pacific Shanghai Stock Exchange 2,069,937.1 1,685,862.2
Asia-Pacific Shenzhen Stock Exchange 563,103.3 880,744.6
Asia-Pacific Tokyo Stock Exchange 3,102,492.9 1,561,888.8
Europe Euronext 2,262,751.6 742,885.6
Europe Frankfurt Stock Exchange (Deutsche Börse) 1,132,126.2 1,101,064.6
Europe London Stock Exchange 2,204,320.0 1,483,263.3
Europe Madrid Stock Exchange (Bolsas y Mercados Españoles) 1,084,606.4 591,217.3
Europe Milan Stock Exchange (Borsa Italiana) 554,613.9 341,421.1
Europe Nordic Stock Exchange Group OMX1 664,465.8 319,398.1
Europe Swiss Exchange 854,369.0 272,201.5

^Note 1 includes the Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Australian Securities Exchange's Sydney Exchange Centre in Sydney.

The main stock exchanges:

See also: Category:Stock exchanges

Euro Shows Early Signs of Reversal - Week Ahead Critical to Trends

Euro Shows Early Signs of Reversal – Week Ahead Critical to Trends

Fundamental Forecast for Euro: Neutral

- Euro breaks key technical short-term trendline
- Candlesticks likewise point to a potential Euro reversal
- German IFO improves for sixth month
- Risk trends remain most important EURUSD driver

The Euro showed early signs of technical reversal through an eventful week of trading, setting fresh yearly peaks versus the US Dollar yet finishing lower through Friday’s close. Strong rallies in the US S&P 500 and other key risk barometers led the single currency to impressive highs against most major counterparts. Yet a late-week breakdown in risk sentiment sparked a flight to safety across forex markets—much to the Euro’s detriment. Near-term Euro forecasts will very much depend on the trajectory of said asset classes, and a busy global economic calendar promises no shortage of volatility through the week ahead.

The Euro remains in fairly well-defined 6-month uptrend, and we would hardly argue that several days of declines signal that it has set a major top. Yet it is undeniable that the EUR/USD lost much of its short-term momentum—having broken below short-term technical support and threatening further declines. Fundamentals will likely play a fairly significant role in the days ahead as the combination of German and US Employment figures will shed a great deal of light on economic conditions in both key countries. The reports may confirm recent waves of economic optimism or cut celebrations short. Reasonably steady improvements in fundamental data have made for lofty market forecasts across most economic releases, and a string of disappointments could easily force noteworthy corrections across major financial markets.

Early-week German Consumer Price Index numbers and Euro Zone Consumer Confidence figures could produce surprises, but most traders look forward to market-moving German Unemployment Change figures due Wednesday. Previous results showed unemployment actually fell for the second consecutive month through August, but the numbers were clouded by government stimulus payments inducing firms to keep workers on their payrolls. Forecasts for September results call for a far less sanguine 20k jump in unemployment. Given that Germany is largely considered the bellwether for the broader Euro Zone economy, any disappointments could led to a noteworthy correction in the Euro exchange rate.

Friday’s US Nonfarm payrolls result could likewise have a pronounced effect on Euro pairs. US and European markets have proven especially sensitive to major surprises in the monthly payrolls number. Consensus forecasts call for the eighth-consecutive improvement in the jobs release, and any disappointments could clearly make a dent in broader forecasts for growth out of the world’s largest economy.

The critical question remains whether we can expect further equity market gains. Much like the Euro, the S&P 500 showed early signs of reversal through late-week trade. A continuation of said tumbles could easily force the Euro to move in kind. – DR

The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies. [1]

The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business's income is in U.S. dollars.

In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of

  • its trading volumes,
  • the extreme liquidity of the market,
  • its geographical dispersion,
  • its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday),
  • the variety of factors that affect exchange rates.
  • the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
  • the use of leverage

As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements,[2] average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:


Euro Shows Early Signs of Reversal - Week Ahead Critical to Trends

Euro Shows Early Signs of Reversal – Week Ahead Critical to Trends

Fundamental Forecast for Euro: Neutral

- Euro breaks key technical short-term trendline
- Candlesticks likewise point to a potential Euro reversal
- German IFO improves for sixth month
- Risk trends remain most important EURUSD driver

The Euro showed early signs of technical reversal through an eventful week of trading, setting fresh yearly peaks versus the US Dollar yet finishing lower through Friday’s close. Strong rallies in the US S&P 500 and other key risk barometers led the single currency to impressive highs against most major counterparts. Yet a late-week breakdown in risk sentiment sparked a flight to safety across forex markets—much to the Euro’s detriment. Near-term Euro forecasts will very much depend on the trajectory of said asset classes, and a busy global economic calendar promises no shortage of volatility through the week ahead.

The Euro remains in fairly well-defined 6-month uptrend, and we would hardly argue that several days of declines signal that it has set a major top. Yet it is undeniable that the EUR/USD lost much of its short-term momentum—having broken below short-term technical support and threatening further declines. Fundamentals will likely play a fairly significant role in the days ahead as the combination of German and US Employment figures will shed a great deal of light on economic conditions in both key countries. The reports may confirm recent waves of economic optimism or cut celebrations short. Reasonably steady improvements in fundamental data have made for lofty market forecasts across most economic releases, and a string of disappointments could easily force noteworthy corrections across major financial markets.

Early-week German Consumer Price Index numbers and Euro Zone Consumer Confidence figures could produce surprises, but most traders look forward to market-moving German Unemployment Change figures due Wednesday. Previous results showed unemployment actually fell for the second consecutive month through August, but the numbers were clouded by government stimulus payments inducing firms to keep workers on their payrolls. Forecasts for September results call for a far less sanguine 20k jump in unemployment. Given that Germany is largely considered the bellwether for the broader Euro Zone economy, any disappointments could led to a noteworthy correction in the Euro exchange rate.

Friday’s US Nonfarm payrolls result could likewise have a pronounced effect on Euro pairs. US and European markets have proven especially sensitive to major surprises in the monthly payrolls number. Consensus forecasts call for the eighth-consecutive improvement in the jobs release, and any disappointments could clearly make a dent in broader forecasts for growth out of the world’s largest economy.

The critical question remains whether we can expect further equity market gains. Much like the Euro, the S&P 500 showed early signs of reversal through late-week trade. A continuation of said tumbles could easily force the Euro to move in kind. – DR

Major stock exchanges

Twenty Major Stock Exchanges In The World: Market Capitalization & Year-to-date Total Turnover at the end of May 2009

Region ↓ Stock Exchange ↓ Market Value
(millions USD) ↓
Total Share Turnover
(millions USD) ↓
Africa Johannesburg Securities Exchange 605,040.2 117,424.7
Americas NASDAQ 2,773,684.3 12,256,704.3
Americas São Paulo Stock Exchange 920,263.9 191,926.1
Americas Toronto Stock Exchange 1,347,674.0 490,912.4
Americas New York Stock Exchange 9,574,066.6 7,986,835.8
Asia-Pacific Australian Securities Exchange 839,062.7 273,205.9
Asia-Pacific Bombay Stock Exchange 1,032,589.6 83,906.6
Asia-Pacific Hong Kong Stock Exchange 1,773,002.2 519,465.7
Asia-Pacific Korea Exchange 640,357.6 618,607.8
Asia-Pacific National Stock Exchange of India 968,815.1 242,641.7
Asia-Pacific Shanghai Stock Exchange 2,069,937.1 1,685,862.2
Asia-Pacific Shenzhen Stock Exchange 563,103.3 880,744.6
Asia-Pacific Tokyo Stock Exchange 3,102,492.9 1,561,888.8
Europe Euronext 2,262,751.6 742,885.6
Europe Frankfurt Stock Exchange (Deutsche Börse) 1,132,126.2 1,101,064.6
Europe London Stock Exchange 2,204,320.0 1,483,263.3
Europe Madrid Stock Exchange (Bolsas y Mercados Españoles) 1,084,606.4 591,217.3
Europe Milan Stock Exchange (Borsa Italiana) 554,613.9 341,421.1
Europe Nordic Stock Exchange Group OMX1 664,465.8 319,398.1
Europe Swiss Exchange 854,369.0 272,201.5

^Note 1 includes the Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Australian Securities Exchange's Sydney Exchange Centre in Sydney.

The main stock exchanges:

See also: Category:Stock exchanges


US Dollar: Optimistic Economic Outlooks to Meet Hard Facts This Week

US Dollar: Optimistic Economic Outlooks to Meet Hard Facts This Week

The US dollar ended the past week marginally higher after the Federal Reserve issued a more optimistic outlook on the economy. In the coming week, though, there will be a variety of growth indicators on hand that may help to signal whether the US recession really ended in Q2. That said, the US dollar index will have to contend with resistance just above 77.00 at the start of the week, but a break above there will likely coincide with a EURUSD drop below 1.4615.

usdollar_092509

US Dollar: Optimistic Economic Outlooks to Meet Hard Facts This Week

Fundamental Outlook for US Dollar: Bullish

- The Federal Reserve left rates unchanged, but signaled a more optimistic outlook
- University of Michigan consumer confidence jumped to a 21-month high in September
- US durable goods orders tumbled 2.4% in August, marking the steepest drop since January

The US dollar ended the past week marginally higher after the Federal Reserve issued a more optimistic outlook on the economy. In the coming week, though, there will be a variety of growth indicators on hand that may help to signal whether the US recession really ended in Q2. That said, the US dollar index will have to contend with resistance just above 77.00 at the start of the week, but a break above there will likely coincide with a EURUSD drop below 1.4615.

Looking to the upcoming event risk, on Tuesday, the September reading of the Conference Board’s measure of US consumer confidence is expected to rise up to a one-year high of 57 from 54.1 in August, but overall, there are some upside risks for this report. Indeed, the final reading of the University of Michigan’s consumer confidence index show that sentiment improved greatly in September, with the index hitting a 21-month high of 73.5 from 65.7.

On Wednesday, the third round of US Q2 GDP estimates is due to hit the wires, but the results will only be market-moving if we see surprising revisions. The final reading is forecasted to be revised down to -1.2 percent from -1.0 percent, though this would still represent a sharp improvement from Q1, when GDP plunged 6.4 percent. Readings in line with expectations may not have a very big impact on price action, but better-than-anticipated results could lead carry trades higher, especially in light of speculation that the recession may have ended in Q2.

On Thursday, the ISM manufacturing index is projected to rise for the ninth straight month in September to 54 from 52.9, which would be the highest reading since April 2006. With 50 being the point of neutrality, this would also be the second month that the index signals an expansion in activity, adding to evidence that the sector is experiencing a recovery in business activity. The last release didn’t have much of an impact on the US dollar, as risk aversion dominated the day, leading the currency higher. However, the report will still be useful because of its employment component as a leading indicator for the big news on Friday: US non-farm payrolls.

The US non-farm payrolls (NFPs) index is forecasted to show job losses for the 21st straight month in September, though the rate of decline is anticipated to slow further. At the time of writing, Bloomberg News was calling for NFPs to decline by 187,000, which would be the smallest drop since August 2008. Meanwhile, the unemployment rate is projected to edge up to 9.8 percent from 9.7 percent, but ultimately, the NFP result will be the event to watch as it is extremely volatile and is one of the sole reports that impacts the US dollar from a pure fundamental point of view. A better-than-anticipated result is likely to provide a boost to the US dollar, but it will be interesting to see the impact of disappointing results as weak US data tends to weigh on risky assets and push the greenback higher amidst flight-to-quality. – TB

For more timely FX market analysis, visit our newly-launched Forex Stream Service.

Major stock exchanges

Twenty Major Stock Exchanges In The World: Market Capitalization & Year-to-date Total Turnover at the end of May 2009

Region ↓ Stock Exchange ↓ Market Value
(millions USD) ↓
Total Share Turnover
(millions USD) ↓
Africa Johannesburg Securities Exchange 605,040.2 117,424.7
Americas NASDAQ 2,773,684.3 12,256,704.3
Americas São Paulo Stock Exchange 920,263.9 191,926.1
Americas Toronto Stock Exchange 1,347,674.0 490,912.4
Americas New York Stock Exchange 9,574,066.6 7,986,835.8
Asia-Pacific Australian Securities Exchange 839,062.7 273,205.9
Asia-Pacific Bombay Stock Exchange 1,032,589.6 83,906.6
Asia-Pacific Hong Kong Stock Exchange 1,773,002.2 519,465.7
Asia-Pacific Korea Exchange 640,357.6 618,607.8
Asia-Pacific National Stock Exchange of India 968,815.1 242,641.7
Asia-Pacific Shanghai Stock Exchange 2,069,937.1 1,685,862.2
Asia-Pacific Shenzhen Stock Exchange 563,103.3 880,744.6
Asia-Pacific Tokyo Stock Exchange 3,102,492.9 1,561,888.8
Europe Euronext 2,262,751.6 742,885.6
Europe Frankfurt Stock Exchange (Deutsche Börse) 1,132,126.2 1,101,064.6
Europe London Stock Exchange 2,204,320.0 1,483,263.3
Europe Madrid Stock Exchange (Bolsas y Mercados Españoles) 1,084,606.4 591,217.3
Europe Milan Stock Exchange (Borsa Italiana) 554,613.9 341,421.1
Europe Nordic Stock Exchange Group OMX1 664,465.8 319,398.1
Europe Swiss Exchange 854,369.0 272,201.5

^Note 1 includes the Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Australian Securities Exchange's Sydney Exchange Centre in Sydney.

The main stock exchanges:

See also: Category:Stock exchanges

Forex Broker New York NY

Forex brokers are going to give you all types of information and advice about where you can invest and how you can invest with foreign companies. Forex systems are not available through all types of commercial investing companies but you can find a few Forex brokers in most all areas of the world. Forex brokers are found in large commercial investing firms, in most larger banks, and now with the help of the internet you can find many Forex brokers online. Use a Forex broker if you want to learn more about how to invest, where to invest, and how much money you need to invest in a Forex system right now.

Forex brokers are going to tell you what the minimums are. In some cases, you can invest as little as five dollars to open a Forex trading account. In some areas, and for some investment companies you must invest a minimum of $200 or even $500. It is important to remember that every investment firm is different, and will have set minimums for their business to take place.

Fees through a Forex broker will be based on the amount of the transaction and the type of transaction that you are completing. Moving from fund to fund or from Forex account to another Forex account you will incur the largest types of fees, but be sure to read the fine print on the Forex broker site where you intend to do business to be sure. Forex brokers make their money on the fees they bill when helping clients move money, and put money into investments.

A Forex broker should be a person you can trust, understand, and that you feel is honest with you. A Forex broker is one that you should not receive phone calls from, urging you to put large amounts of money into an account, right now. A Forex broker will present you with information about an investment, and then allow you time to make up your own mind if you are interested in the investment or not. A pushy broker is one that could be trying to earn a commission or could be trying to scam you. Again, your Forex broker is a broker you should feel comfortable in dealing with on a daily or weekly basis, but for many people, you may only talk to your Forex broker once a month or even less than that.

Investing money is a big decision. When deciding what broker Forex advice to take, or where to seek broker Forex advice you can use the links on these pages, or you can use your local yellow pages to find a possible Forex broker in your town or city. Not many Forex brokers are located in small towns or cities but in larger areas where the population is larger and more people have a need for such Forex and investing infor

Major stock exchanges

Twenty Major Stock Exchanges In The World: Market Capitalization & Year-to-date Total Turnover at the end of May 2009

Region ↓ Stock Exchange ↓ Market Value
(millions USD) ↓
Total Share Turnover
(millions USD) ↓
Africa Johannesburg Securities Exchange 605,040.2 117,424.7
Americas NASDAQ 2,773,684.3 12,256,704.3
Americas São Paulo Stock Exchange 920,263.9 191,926.1
Americas Toronto Stock Exchange 1,347,674.0 490,912.4
Americas New York Stock Exchange 9,574,066.6 7,986,835.8
Asia-Pacific Australian Securities Exchange 839,062.7 273,205.9
Asia-Pacific Bombay Stock Exchange 1,032,589.6 83,906.6
Asia-Pacific Hong Kong Stock Exchange 1,773,002.2 519,465.7
Asia-Pacific Korea Exchange 640,357.6 618,607.8
Asia-Pacific National Stock Exchange of India 968,815.1 242,641.7
Asia-Pacific Shanghai Stock Exchange 2,069,937.1 1,685,862.2
Asia-Pacific Shenzhen Stock Exchange 563,103.3 880,744.6
Asia-Pacific Tokyo Stock Exchange 3,102,492.9 1,561,888.8
Europe Euronext 2,262,751.6 742,885.6
Europe Frankfurt Stock Exchange (Deutsche Börse) 1,132,126.2 1,101,064.6
Europe London Stock Exchange 2,204,320.0 1,483,263.3
Europe Madrid Stock Exchange (Bolsas y Mercados Españoles) 1,084,606.4 591,217.3
Europe Milan Stock Exchange (Borsa Italiana) 554,613.9 341,421.1
Europe Nordic Stock Exchange Group OMX1 664,465.8 319,398.1
Europe Swiss Exchange 854,369.0 272,201.5

^Note 1 includes the Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Australian Securities Exchange's Sydney Exchange Centre in Sydney.

The main stock exchanges:

See also: Category:Stock exchanges