Despite falling FDI in Pakistan, deficit narrows

The State Bank of Pakistan (SBP) Monday said that foreign investment in Pakistan fell 22 percent to $1.73 billion in the first 10 months of the 2009/10 fiscal year but country’s current account deficit in the same fiscal period narrowed to a provisional $3.060 billion.
Foreign investment in Pakistan during the same period last year was [...]

Risk outweighs benefits of leveraged ETFs

What are Leveraged ETFs?
Leveraged ETFs can be defined as Exchange Traded Funds that use a combination of derivative and debt to enhance returns for investor. Here is a simple example of how a leveraged ETF works. Let us say a leveraged ETF tracks the S&P 500 Index.
Assume that for every invested dollar in the fund, [...]

Euro hits one-year low against the dollar

 Amid growing fears over the sovereign debt issues of few European countries euro continued it’s downward spiral hiting a fresh one-year low against the dollar in Asia Wednesday.
Downward spiral accelarated after Standard and Poor’s  downgraded Greece’s government debt to junk status and sliced Portugal’s ratings by two levels.
The downgrades fueled worries that a sovereign debt problem could [...]

Yuan Down Late On Dollar Strength

As key Chinese economist cautioned that appreciation of local currency will drive exporters out of business, China’s yuan slid lower against the U.S. dollar late Friday afternoon due to the U.S. unit’s strength against other major currencies during Asian trading hours.
Comments by Chinese bankers today underscores the domestic political pressures on Beijing amid growing international calls for China [...]

Pakistan recieves $5.7 billion in remittances

Pakistanis living abroad have send nearly $5.7 billion between July 2009 to February 2010, nearly 17 percent increase from the monies transfered during the same period in previous fiscal year. Last year non-resident Pakistanis had sent $4.9 billion.
 For economies like Pakistan, funds repatriated by non-residents to family and friends back home, provide the most tangible link [...]

Dollar lower against Yen on concerns of recovery

The dollar shed value to a month-low against the yen at the close of last week on concerns of global economic recovery.

Dollar gains strength as market seeks safety net

Data released Friday showed the U.S. consumer–considered key to an economic turnaround–remained stressed. The University of Michigan/Reuters consumer sentiment index’s preliminary reading for January edged up to only 72.8 from the final December reading of 72.5. Economists had expected sentiment to improve to 74.0.

Jan, 16 2010 0 Comments Full Story
Positive Beige Book uplifts mood, markets

Positive Beige Book uplifts mood, markets

Economic conditions have seen modest further improvement in recent weeks, according to the Federal Reserve’s Beige Book report released Wednesday afternoon, although the central bank noted that economic activity remains at a low level.

Jan, 13 2010 0 Comments Full Story
Dollar falls againts Yen

Dollar falls againts Yen

The dollar fell sharply against the yen Tuesday as investor demand for safe-haven assets and declining U.S. Treasury yields supported the Japanese currency.

Jan, 13 2010 0 Comments Full Story

Gold rises as dollar stumbles in global market

Gold futures remain sharply higher after hitting their highest level in a month Monday due to the U.S. dollar’s lowest level against the euro in three weeks,  as signs of improved Chinese oil demand and comments from a Federal Reserve official that U.S. interest rates would stay low pressured the dollar.
Around 10:54 a.m. EST (1554 [...]

Jan, 11 2010 0 Comments Full Story
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