Archive for the 'Finance' Category

11-06-2007

The Seven Most Traded Currencies in FOREX.

Currencies are traded in dollar amounts called �lots�. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the “margin”. You can control $100,000 worth of currency for only 1,000 dollars. This is what is called �High Leverage�.

Currencies are always traded in pairs in the FOREX. The pairs have a unique notation that expresses what currencies are being traded. The symbol for a currency pair will always be in the form ABC/DEF. ABC/DEF is not a real currency pair, it is an example of a symbol for a currency pair. In this example ABC is the symbol for one countries currency and DEF is the symbol for another countries currency.

Here are some of the common symbols used in the Forex:

USD - The US Dollar

EUR - The currency of the Read the rest of this entry »

Posted by blogmail in Currency, Economics, English, Finance | No Comments »

07-16-2007

The euro at all time high

Lately we’ve seen the euro getting stronger against the dollar for each and every day and today we’re once again at an all time high level of 1.378200 dollars for each euro:

USD-EUR at 2007-07-16

Will be continue to see this development? Most likely since the European central bank will keep the interest rate at a high level and also maybe increasing it some more while the US central bank will most likely stay at the same level or maybe even decrease the interest rate. This development will of course make it harder for European companies trading mainly in USD since they will have a harder time to compete with US companies. The good part is that US companies will export even more then before which leads to more money flowing in to the US (higher demand for a specific currency = higher exchange rate).

Some exchange rates against the dollar (today 2007/07/16).

1 EUR in other currencies 2007/07/16:
US Dollar 1.378200 USD
British Pound 0.677950 GBP
Japanese Yen 168.679993 JPY
Swiss Franc 1.657900 CHF
Swedish Krona 9.156000 SEK
Canadian Dollar 1.441400 CAD

A great thanks to Xavier Finance for the exchange rates and the graph :D

Posted by bylla in Currency, Economics, English, Finance | No Comments »

11-17-2006

Oil under 55 dollar

The oil price is currently down 30 % in NY since the top price of 78 USD in July to a price under 55 dollar per barrel. The price for Brent oil is currently at USD 58,05 in London and also metals like cupper and aluminium are down in London.

USD vs SEK

According to di.se we should see a USD at 6,50 SEK in a short time period. The financial graph from Xavier Finance show a decreasing dollar agains the Swedish krona.

USD vs SEK. From http://finance.xaviermedia.com

Posted by bylla in Currency, Energy, English, Finance, Oil | No Comments »

11-01-2006

Establishing new bank

Establishing new bank

No one can start a bank in United States (and in many other nations as well) without the excess approval of federal or state authorities .the
public need for a new bank must be demonstrated and the honesty and competence of its organizers and proposed management established .sufficient protection against failure must be provided in the form of equity capital pledged founding stockholders .only the banking commissions in each of the 50 states and the office of comptroller of the currency - a division of the US treasury department -can issue a charter of incorporation to start a new bank the chartering process typically begins with a group of people or a bank holding company organization becoming convinced that a new bank is needed in a particular city .

Some questions will be asked of the organizers of the new bank by the regulators like ; the population , geography ,competing banks or organization ,number of banks ,type and size ,and the traffic patterns in the proposed bank area ,the growth of the population and their income . The organizers are asked to describe the banking history of the local community and who owns the stock issued by the proposed bank, especially the amount to be hold by the bank organizers, directors. The answers to these questions are often supported by detailed economics analysis of the local market, prepared by an economist or professional business analyst.

To establish a bank under federal (national) law, one must obtain
approval of the U.S. Department of the Treasury’s Office of the Comptroller of Currency (OCC). To establish a bank under state law, one must obtain approval of the bank chartering authority for the state at issue. Whether chartered under state or federal law, the bank will be required to carry deposit insurance. Applications for
deposit insurance coverage are filed with the Federal Deposit Insurance Corporation (FDIC).

An individual seeking to establish a bank in the United States may be required to file an application under the Change
in Bank Control Act. The person should confer with the applicable chartering authority (state or federal) or the FDIC
to determine if an application is required under the circumstances and with which regulatory agency the application
must be filed.

– Read the rest of this entry »

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