Euro/US dollar most traded currency pair in the Middle East.Summary: Middle Eastern foreign currency traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. have been trading heavily in the Euro/US Dollar currency pair during the first two quarters of 2008, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest figures from dbFX, the online FX trading platform from Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , a leading global investment bank. Euro/US dollar most traded currency pair in the Middle East Middle Eastern foreign currency traders have been trading heavily in the Euro/US Dollar currency pair during the first two quarters of 2008, according to the latest figures from dbFX, the online FX trading platform from Deutsche Bank, a leading global investment bank. The Euro/US Dollar currency pair accounted for nearly 37% of all FX volume traded through dbFX in the first quarter of the year. It dipped slightly to 34% of all FX volumes in the second quarter as investors continued to buy the Euro, whilst the US dollar further devalued de·val·ue also de·val·u·ate v. de·val·ued also de·valu·at·ed, de·val·u·ing also de·val·u·at·ing, de·val·ues also de·val·u·ates v.tr. 1. To lessen or cancel the value of. against the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. currency. This compares to a global volume figure from across all regions of 36% for the first two quarters for the Euro/US Dollar currency pair. Middle Eastern FX tradersCO second most popular currency pair during the first quarter of 2008 was the US Dollar/Japanese Yen, accounting for 24% of all regional volumes. The second quarter was marked by traders buying into the Sterling/US Dollar pair, with 28% of the quarterCOs volumes, having only accounted for 7% of trading volumes Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. during the first quarter. The Sterling/Japanese Yen currency pair was third placed during the first quarter for the Middle East, with 17% of all volumes. It moved to fourth placing during the second quarter of the year, with FX traders placing the US Dollar/Japanese Yen currency pairing at third place with 28% of volumes for the quarter. Betsy Waters, Global Director of dbFX for Deutsche Bank, said: C[pounds sterling]We are seeing more and more investors in the Middle East entering the FX markets as the growth prospects of global equity and bond markets diminish. FX offers investors the means to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. their portfolios, as FX is proven to have low correlation to bond and equity market returns.C[yen] The daily turnover of the worldCOs currency markets is close to $3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. a day, compared to $500 billion for the US government bond market and $70 billion for the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . This means investors are able to trade in an asset class with a large liquid market. FX markets are open 24 hours a day, 7 days a week, giving investors consistent access to the market. FX is also an easy and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. way of investing with access to the market through online platforms such as dbFX. Waters added: C[pounds sterling]Deutsche BankCOs number one position in FX* is hugely beneficial to our Middle Eastern retail FX customers. By trading through dbFX, our customers are dealing with the largest liquidity provider, Deutsche Bank, giving them access to competitive spreads. Our retail customers are able to make informed FX strategies, as they have direct access to Deutsche BankCOs award winning FX research. They also have the safety and security of knowing that they are clients of one of the worldCOs leading banks.C[yen] C[pounds sterling]The growth in FX volumes and customers in the Middle East over the past year confirms that the region is one of our fastest growing and most sophisticated FX markets. More and more investors from the region are discovering the opportunities available with FX as an investment asset through dbfx.com and dbfxarabic.com,C[yen] concluded Waters. Launched in 2006, dbFX.com is available in multiple languages, is accessible in over 70 countries around the world and has 34 currency pairs available to investors on its platform. Deutsche Bank was ranked the No. 1 Foreign Exchange Bank in 2008 by Euromoney magazine for the fourth year running. The platform can be accessed at: www.dbfx.com or; www.dbfxarabic.comA[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (www.albawaba.com)
A[umlaut] 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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