Tuesday, June 30, 2009
DSC 2009 ANDHRA PRADESH RESULTS
SGT TELUGU MEDIUM, SGT HINDI MEDIUM, SGT ENGLISH MEDIUM
SCHOOL ASSISTANT RESULTS AVAILABLE DSC RESULTS
Sunday, June 28, 2009
SAP APPLICATION COMPUTER
SAP COMPUTER APPLICATIONS SOFTWARES
Serving more than 34,600 customers worldwide, SAP is the world's largest business software company and the world's third-largest independent software provider overall.
SAP provides a comprehensive range of enterprise software applications and business solutions to empower every aspect of business. like customer relationship management, supply chain management, then enterprise resource planning etc.
SAP SOFTWARE APPLICATIONS ON COMPUTERS
In Sap ERP you will find
SAP financial , Corporate services, human capital management and operations solution .
SAP...ABAP (Advanced Business Application Programming) is a high level programming language created by the German software company SAP. It is currently positioned as the language for programming SAP's Web Application Server, part of its NetWeaver platform for building business applications. Its syntax is somewhat similar to COBOL.
SAP APPLICATIONS LANGUAGES SOFTWARE COMPUTERS
ABAP is one of many application-specific fourth-generation languages (4GLs) first developed in the 1980s. It was originally the report language for SAP R/2, a platform that enabled large corporations to build mainframe business applications for materials management and financial and management accounting. ABAP used to be an abbreviation of Allgemeiner Berichtsaufbereitungsprozessor, the German for "generic report preparation processor", but was later renamed to Advanced Business Application Programming. ABAP was one of the first languages to include the concept of Logical Databases (LDBs), which provides a high level of abstraction from the basic database level.
SOFTWARES SAP APPLICATIONS
ABAP was intended to be used by end users so that they could manipulate the data themselves, but the 4GL turned out to be too complex for ordinary users. High-level programming skills are still required to create ABAP programs.
ABAP remains the language for creating programs for the client-server R/3 system, which SAP first released in 1992. As computer hardware evolved through the 1990s, more and more of SAP's applications and systems were written in ABAP. By 2001, all but the most basic functions were written in ABAP. In 1999, SAP released an object-oriented extension to ABAP called ABAP Objects, along with R/3 release 4.5.
SAP APPLICATIONS SOFTWARES
SAP's most recent development platform, NetWeaver, supports both ABAP and Java.
SAP APPLICATIONS SOFTWARES COMPUTER
foreign exchange regulations in indian
India has liberalized its foreign exchange controls. Rupee is freely convertible on current account. Rupee is also almost fully convertible on capital account for non-residents. Profits earned, dividends and proceeds out of the sale of investments are fully repatriable for FDI. There are restrictions on capital account for resident Indians for incomes earned in India.
FOREIGN EXCHANGE REGULATIONS OF IN INDIA
The Reserve Bank of India’s Foreign Exchange Department administers Foreign Exchange Management Act 1999(FEMA). Foreign Exchange Management (transfer of securities to any person resident outside India) Regulation as amended from time to time regulates transfer for issue of any security by a person resident outside India.
IN INDIA REGULATIONS FOREIGN EXCHANGE
Repatriation of investment capital and profits earned in India
(i) All foreign investments are freely repatriable, subject to sectoral policies and except for cases where Non Resident Indians choose to invest specifically under non-repatriable schemes. Dividends declared on foreign investments can be remitted freely through an Authorized Dealer.
(ii) Non-residents can sell shares on stock exchange without prior approval of RBI and repatriate through a bank the sale proceeds if they hold the shares on repatriation basis and if they have necessary NOC/ tax clearance certificate issued by Income Tax authorities.
(iii) For sale of shares through private arrangements, Regional offices of RBI grant permission for recognized units of foreign equity in Indian company in terms of guidelines indicated in Regulation 10.B of Notification No. FEMA.20/2000 RB dated May ‘2000. The sale price of shares on recognized units is to be determined in accordance with the guidelines prescribed under Regulation 10B(2) of the above Notification.
(iv) Profits, dividends, etc. (which are remittances classified as current account transactions) can be freely repatriated.
FOREIGN EXCHANGE REGULATIONS IN INDIA
Acquisition of Immovable Property by Non-resident
A person resident outside India, who has been permitted by Reserve Bank of India to establish a branch, or office, or place of business in India (excluding a Liaison Office), has general permission of Reserve Bank of India to acquire immovable property in India, which is necessary for, or incidental to, the activity. However, in such cases a declaration, in prescribed form (IPI), is required to be filed with the Reserve Bank, within 90 days of the acquisition of immovable property.
FOREIGN EXCHANGE REGULATIONS IN INDIAN
Foreign nationals of non-Indian origin who have acquired immovable property in India with the specific approval of the Reserve Bank of India cannot transfer such property without prior permission from the Reserve Bank of India. Please refer to the Foreign Exchange Management (Acquisition and transfer of Immovable Property in India) Regulations’ 2000 (Notification No. FEMA.21/ 2000-RB dated May 3, 2000).
FOREIGN EXCHANGE REGULATIONS IN INDIA
Acquisition of Immovable Property by NRI
An Indian citizen resident outside India (NRI) can acquire by way of purchase any immovable property in India other than agricultural/ plantation /farm house. He may transfer any immovable property other than agricultural or plantation property or farm house to a person resident outside India who is a citizen of India or to a Person of Indian Origin resident outside India or a person resident in India.
FOREIGN EXCHANGE REGULATIONS OF IN INDIA
STOCK EXCHANGE
A stock exchange, (formerly a securities exchange) is a corporation or mutual organization which provides "trading" facilities for stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts, derivatives, pooled investment products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed there. Usually there is a central location at least for recordkeeping, but trade is less and less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of speed and cost of transactions. Trade on an exchange is by members only. The initial offering of stocks and bonds to investors is by definition done in the primary STOCK market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets is driven by various factors which, as in all free markets, affect the price of stocks (see stock valuation).
STOCK EXCHANGE MARKETS
There is usually no compulsion to issue stock via the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter. This is the usual way that derivatives and bonds are traded. Increasingly, stock exchanges are part of a global market for securities.
STOCK EXCHANGE MARKETS
Trade American Stock Exchange
NYSE Alternext U.S., formerly known as the American Stock Exchange (AMEX) is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953 it was known as the New York Curb Exchange. On January 17, 2008 NYSE Euronext announced it would acquire the American Stock Exchange for $260 million in stock. On October 1, 2008, NYSE Euronext completed acquisition of the American Stock Exchange. Before the closing of the acquisition, NYSE Euronext announced that the Exchange will be integrated with Alternext European small-cap exchange and renamed NYSE Alternext U.S.
AMERICAN STOCK EXCHANGE ONLINE TRADES FOREX
AMEX's core business has shifted over the years from stocks to options and Exchange-traded funds, although it continues to trade small to mid-size stocks. An effort in the mid-1990s to initiate an Emerging Company Marketplace ended in failure, as the reduced listing standards (beyond the existing lenient AMEX standards) caused penny stock promoters to move their scams to a national exchange. In the mid 1990s the exchange was dogged by allegations of trading scandals, which were highlighted by BusinessWeek in 1999. In 1998, the American Stock Exchange merged with the National Association of Securities Dealers (operators of NASDAQ) to create "The Nasdaq-Amex Market Group" where AMEX is an independent entity of the NASD parent company. After tension between the NASD and AMEX members, the latter group bought out the NASD and acquired control of the AMEX in 2004.
AMERICAN STOCK EXCHANGE ONLINE THROUGH WORLD
Out of the three major American stock exchanges, the AMEX is known to have the most liberal policies concerning company listing, as most of its companies are generally smaller compared to the NYSE and NASDAQ. The Amex also specialises in the trading of ETFs, and hybrid/structured securities. The majority of U.S. listed ETFs are traded at the AMEX including the SPDR and most Powershares.
AMERICAN STOCK EXCHANGE STREET TRADES
In 2006, the AMEX attempted to popularize an American implementation of the Canadian income trust model. Listed Equity Income Hybrid Securities, (more commonly known as Income Deposit Securities) listed on the AMEX are B & G Foods Holding Corp. (BGF), Centerplate, Inc. (CVP), Coinmach Service Corp. (DRY), and Otelco Inc. (OTT). Recently Coinmach Service Corp, has been attempting to restructure itself away from being an income trust.
AMERICA STOCK EXCHANGE
As of 31 December 2007, the AMEX had 592 listed companies with a combined market capitalization of $258 billion.
The AMEX also produces stock market indices; perhaps the most notable of these is an index of stocks of internet companies now known as the Inter@ctive Week Internet Index. Recently, the AMEX has also developed a unique set of indices known as Intellidexes, which attempt to gain alpha by creating indices weighted on fundamental factors. The AMEX Composite, a value-weighted index of all stocks listed on the exchange, established a record monthly close of 2,069.16 points on November 30, 2006.
THE AMERICA STOCK EXCHANGE ONLINE TRADINGS
Foreign Exchange Market Online Trade
The foreign exchange market (currency, forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
FOREIGN ONLINE EXCHANGE MARKET TRADINGS
Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.
ONLINE TRADE FOREIGN EXCHANGE MARKETS
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.
FOREIGN EXCHANGE MARKET TRADING
MARKET SIZE AND LIQUIDITY TRADE ONLINE
The foreign exchange market is unique because of market manipulation by central banks. According to the Bank for International Settlements, 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:
-
- $1.005 trillion in spot transactions
- $362 billion in outright forwards
- $1.714 trillion in foreign exchange swaps
- $129 billion estimated gaps in reporting
Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%. In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.
FOREIGN MARKET EXCHANGE SIZE AND LIQUIDITY TRADE ONLINE
Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India—; ) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.
MARKET SIZE AND LIQUIDITY ONLINE FOREIGN
FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
Rank | Name | Volume |
---|---|---|
1 | Deutsche Bank | 21.70% |
2 | UBS AG | 15.80% |
3 | Barclays Capital | 9.12% |
4 | Citi | 7.49% |
5 | Royal Bank of Scotland | 7.30% |
6 | JPMorgan | 4.19% |
7 | HSBC | 4.10% |
8 | Lehman Brothers | 3.58% |
9 | Goldman Sachs | 3.47% |
10 | Morgan Stanley | 2.86% |
Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues have made it easier for retail traders to trade in the foreign exchange market. In 2006, retail traders constituted over 2% of the whole FX market volumes with an average daily trade volume of over US$50-60 billion (see retail trading platforms).6 Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 34.1% in April 2007. The ten most active traders account for almost 80% of trading volume, according to the 2008 Euromoney FX survey. These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203 on a retail broker. Minimum trading size for most deals is usually 100,000 units of base currency, which is a standard "lot".
MARKET SIZE AND LIQUIDITY TRADE ONLINE
These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100/1.2300 for transfers, or say 1.2000/1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e., 0.0003). Competition is greatly increased with larger transactions, and pip spreads shrink on the major pairs to as little as 1 to 2 pips.
ONLINE MARKET STOCK EXCHANGE SIZE AND LIQUIDITY TRADES
STOCK MARKET PARTICIPANTS
Unlike a stock market, where all participants have access to the same prices, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the foreign exchange market are determined by the size of the “line” (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail FX-metal market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the foreign exchange market to align currencies to their economic needs.
STOCK MARKET PARTICIPANTS ONLINE TRADINGS
Banks :
The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account.
Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems. The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.
STOCK MARKET PARTICIPANTS ONLINE TRADINGS
Commercial companies
An important part of this market comes from the financial activities of companies seeking foreign exchange to pay for goods or services. Commercial companies often trade fairly small amounts compared to those of banks or speculators, and their trades often have little short term impact on market rates. Nevertheless, trade flows are an important factor in the long-term direction of a currency's exchange rate. Some multinational companies can have an unpredictable impact when very large positions are covered due to exposures that are not widely known by other market participants.
STOCK MARKET PARTICIPANTS ONLINE
Central banks
National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high—that is, to trade for a profit based on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.
STOCK MARKET ONLINE TRADING PARTICIPANTS
The mere expectation or rumor of central bank intervention might be enough to stabilize a currency, but aggressive intervention might be used several times each year in countries with a dirty float currency regime. Central banks do not always achieve their objectives. The combined resources of the market can easily overwhelm any central bank. Several scenarios of this nature were seen in the 1992–93 ERM collapse, and in more recent times in Southeast Asia.
STOCK MARKET ONLINE TRADING PARTICIPANTS
Hedge funds as speculators
About 70% to 90% of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Hedge funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and may borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic fundamentals are in the hedge funds' favor.
ONLINE STOCK MARKET PARTICIPANTS TRADINGS
Investment management firms
Investment management firms (who typically manage large accounts on behalf of customers such as pension funds and endowments) use the foreign exchange market to facilitate transactions in foreign securities. For example, an investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases.
Some investment management firms also have more speculative specialist currency overlay operations, which manage clients' currency exposures with the aim of generating profits as well as limiting risk. Whilst the number of this type of specialist firms is quite small, many have a large value of assets under management (AUM), and hence can generate large trades.
ONLINE STOCK EXCHANG MARKET TRADINGS
Retail foreign exchange brokers
There are two types of retail brokers offering the opportunity for speculative trading: retail foreign exchange brokers and market makers. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks. Retail brokers, while largely controlled and regulated by the CFTC and NFA might be subject to foreign exchange scams. At present, the NFA and CFTC are imposing stricter requirements, particularly in relation to the amount of Net Capitalization required of its members. As a result many of the smaller, and perhaps questionable brokers are now gone. It is not widely understood that retail brokers and market makers typically trade against their clients and frequently take the other side of their trades. This can often create a potential conflict of interest and give rise to some of the unpleasant experiences some traders have had. A move toward NDD (No Dealing Desk) and STP (Straight Through Processing) has helped to resolve some of these concerns and restore trader confidence, but caution is still advised in ensuring that all is as it is presented.
TRADING ONLINE MARKETING STOCK PARTICIPANTS
Non-bank Foreign Exchange Companies
Non-bank foreign exchange companies offer currency exchange and international payments to private individuals and companies. These are also known as foreign exchange brokers but are distinct in that they do not offer speculative trading but currency exchange with payments. I.e., there is usually a physical delivery of currency to a bank account.
It is estimated that in the UK, 14% of currency transfers/payments are made via Foreign Exchange Companies. These companies' selling point is usually that they will offer better exchange rates or cheaper payments than the customer's bank. These companies differ from Money Transfer/Remittance Companies in that they generally offer higher-value services.
Money Transfer/Remittance Companies
Money transfer/remittance companies perform high-volume low-value transfers generally by economic migrants back to their home country. In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous year). The four largest markets (India, China, Mexico and the Philippines) receive $95 billion. The largest and best known provider is Western Union with 345,000 agents globally.
ONLINE TRADING MARKET STOCK EXCHANGE TRANSFER MONEYDetermination of FX Rates Tradings
The following theories explain the fluctuations in FX rates in a floating exchange rate regime (In a fixed exchange rate regime, FX rates are decided by its government):
(a) International parity conditions : viz; purchasing power parity, interest rate parity, Domestic Fisher effect, International Fisher effect. Though to some extent the above theories provide logical explanation for the fluctuations in exchange rates, yet these theories falter as they are based on challengeable assumptions [e.g., free flow of goods, services and capital] which seldom hold true in the real world.
(b) Balance of payments model : (see exchange rate). This model, however, focuses largely on tradable goods and services, ignoring the increasing role of global capital flows. It failed to provide any explanation for continuous appreciation of dollar during 1980s and most part of 1990s in face of soaring US current account deficit.
(c) Asset market model : (see exchange rate) views currencies as an important asset class for constructing investment portfolios. Assets prices are influenced mostly by people’s willingness to hold the existing quantities of assets, which in turn depends on their expectations on the future worth of these assets. The asset market model of exchange rate determination states that “the exchange rate between two currencies represents the price that just balances the relative supplies of, and demand for, assets denominated in those currencies.”
DETERMINATION OF FX RATES ONLINE TRADINGSS
None of the models developed so far succeed to explain FX rates levels and volatility in the longer time frames. For shorter time frames (less than a few days) algorithm can be devised to predict prices. Large and small institutions and professional individual traders have made consistent profits from it. It is understood from above models that many macroeconomic factors affect the exchange rates and in the end currency prices are a result of dual forces of demand and supply. The world's currency markets can be viewed as a huge melting pot: in a large and ever-changing mix of current events, supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.
ONLINE TRADING DETERMINATION OF FX RATES
Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several. These elements generally fall into three categories: economic factors, political conditions and market psychology.
Economic factors : ONLINE TRADING DETERMINATION FX RATES
These include: (a)economic policy, disseminated by government agencies and central banks, (b)economic conditions, generally revealed through economic reports, and other economic indicators.
- Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).
- Economic conditions include:
- Government budget deficits or surpluses
- The market usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits. The impact is reflected in the value of a country's currency.
- Balance of trade levels and trends
- The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example, trade deficits may have a negative impact on a nation's currency.
- Inflation levels and trends
- Typically a currency will lose value if there is a high level of inflation in the country or if inflation levels are perceived to be rising . This is because inflation erodes purchasing power, thus demand, for that particular currency. However, a currency may sometimes strengthen when inflation rises because of expectations that the central bank will raise short-term interest rates to combat rising inflation.
- Economic growth and health
- Reports such as GDP, employment levels, retail sales, capacity utilization and others, detail the levels of a country's economic growth and health. Generally, the more healthy and robust a country's economy, the better its currency will perform, and the more demand for it there will be.
- Productivity of an economy
- Increasing productivity in an economy should positively influence the value of its currency. It affects are more prominent if the increase is in the traded sector.
Political conditions
Internal, regional, and international political conditions and events can have a profound effect on currency markets.
All exchange rates are susceptible to political instability and anticipations about the new ruling party. Political upheaval and instability can have a negative impact on a nation's economy. For example, destabilization of coalition governments in India, Pakistan and Thailand can negatively affect the value of their currencies. Similarly, in a country experiencing financial difficulties, the rise of a political faction that is perceived to be fiscally responsible can have the opposite effect. Also, events in one country in a region may spur positive or negative interest in a neighboring country and, in the process, affect its currency.
Market psychology ONLINE TRADING
Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:
ONLINE TRADING DETERMINATION OF FX RATES TRADINGS
- Flights to quality
- Unsettling international events can lead to a "flight to quality," with investors seeking a "safe haven". There will be a greater demand, thus a higher price, for currencies perceived as stronger over their relatively weaker counterparts. The Swiss franc has been a traditional safe haven during times of political or economic uncertainty.
- Long-term trends
- Currency markets often move in visible long-term trends. Although currencies do not have an annual growing season like physical commodities, business cycles do make themselves felt. Cycle analysis looks at longer-term price trends that may rise from economic or political trends.
- "Buy the rumor, sell the fact"
- This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being "oversold" or "overbought". To buy the rumor or sell the fact can also be an example of the cognitive bias known as anchoring, when investors focus too much on the relevance of outside events to currency prices.
- Economic numbers
- While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect: the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. "What to watch" can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.
- Technical trading considerations
- As in other markets, the accumulated price movements in a currency pair such as EUR/USD can form apparent patterns that traders may attempt to use. Many traders study price charts in order to identify such patterns.
TRADING CHARACTERISTICS ONLINE
Rank | Currency | ISO 4217 code (Symbol) | % daily share (April 2007) |
---|---|---|---|
1 | United States dollar | USD ($) | 86.3% |
2 | Euro | EUR (€) | 37.0% |
3 | Japanese yen | JPY (¥) | 17.0% |
4 | Pound sterling | GBP (£) | 15.0% |
5 | Swiss franc | CHF (Fr) | 6.8% |
6 | Australian dollar | AUD ($) | 6.7% |
7 | Canadian dollar | CAD ($) | 4.2% |
8-9 | Swedish krona | SEK (kr) | 2.8% |
8-9 | Hong Kong dollar | HKD ($) | 2.8% |
10 | Norwegian krone | NOK (kr) | 2.2% |
11 | New Zealand dollar | NZD ($) | 1.9% |
12 | Mexican peso | MXN ($) | 1.3% |
13 | Singapore dollar | SGD ($) | 1.2% |
14 | South Korean won | KRW (₩) | 1.1% |
Other | 14.5% | ||
Total | 200% |
Trading characteristics
Interconnected marketplaces, where different currencies instruments are traded. This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. A joint venture of the Chicago Mercantile Exchange and Reuters, called Fxmarketspace opened in 2007 and aspired but failed to the role of a central market clearing mechanism.TRADING CHARACTERISTICS
The main trading center is London, but New York, Tokyo, Hong Kong and Singapore are all important centers as well. Banks throughout the world participate. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session, excluding weekends.
Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in gross domestic product (GDP) growth, inflation (purchasing power parity theory), interest rates (interest rate parity, Domestic Fisher effect, International Fisher effect), budget and trade deficits or surpluses, large cross-border M&A deals and other macroeconomic conditions. Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. However, the large banks have an important advantage; they can see their customers' order flow.
TRADING CHARACTRISTICS
Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX is expressed (called base currency). For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.5465 dollar. Out of convention, the first currency in the pair, the base currency, was the stronger currency at the creation of the pair. The second currency, counter currency, was the weaker currency at the creation of the pair.
TRADING ONLINE CHARACTRISTICS
The factors affecting XXX will affect both XXX/YYY and XXX/ZZZ. This causes positive currency correlation between XXX/YYY and XXX/ZZZ.
TRADING ONLINE CHARACTERISTICS
On the spot market, according to the BIS study, the most heavily traded products were:
-
- EUR/USD: 27%
- USD/JPY: 13%
- GBP/USD (also called sterling or cable): 12%
and the US currency was involved in 86.3% of transactions, followed by the euro (37.0%), the yen (17.0%), and sterling (15.0%) (see table). Note that volume percentages should add up to 200%: 100% for all the sellers and 100% for all the buyers.
ONLINE TRADING CHARACTERISTICS
Trading in the euro has grown considerably since the currency's creation in January 1999, and how long the foreign exchange market will remain dollar-centered is open to debate. Until recently, trading the euro versus a non-European currency ZZZ would have usually involved two trades: EUR/USD and USD/ZZZ. The exception to this is EUR/JPY, which is an established traded currency pair in the interbank spot market. As the dollar's value has eroded during 2008, interest in using the euro as reference currency for prices in commodities (such as oil), as well as a larger component of foreign reserves by banks, has increased dramatically. Transactions in the currencies of commodity-producing countries, such as AUD, NZD, CAD, have also increased.
ONLINE TRADING CHARISTICS
Intel Pentium Computers Original
The original Pentium was the first superscalar x86 microprocessor and was introduced on March 22, 1993. Its fifth-generation x86 microarchitecture (sometimes called P5) was a direct extension of the 80486 architecture with dual integer pipelines, a faster FPU unit, wider data bus, and features for further reduced address calculation latency. In 1996, the Pentium MMX was introduced with the same basic microarchitecture complemented with MMX instructions, larger caches, and some other enhancements.
The name Pentium was derived from the Greek pente (Ï€Îντε), meaning 'five', and the Latin ending -ium, a name selected after courts had disallowed trademarking of number-based names like "i586" or "80586". In 1995, Intel started to employ the registered Pentium trademark also for x86 processors with radically different microarchitectures (Pentium Pro / II / III / 4 / D / M). In 2006, the Pentium brand briefly disappeared from Intel's roadmaps, only to re-emerge in 2007.
INTEL PENTIUM MOTHER BOARDS COMPUTERS
Vinod Dham is often referred to as the father of the Intel Pentium processor, although many people, including John H. Crawford (of i386 and i486 alumni), were involved in the design and development of the processor.
PENTIUM MOTHER BOARDS COMPUTERS
pentium mother board original computers
924
INTEL MOTHER BOARDS AND ASUS
989
Intel Pentium Mother Boards
Friday, June 26, 2009
Tourism travel Goa
OLD PLACE
Goa formed part of the Mauryan Empire in the 3 rd century BC. This was followed by the rule of the Satvahanas of Kolhapur and the Bhojas who made Chandor their capital. From 580 – 750 AD the Chalukyas of Badami held sway over Goa until the Silharas took control in 1086 AD.
Gulhalla Deva of the Kadambas, originally from Mysore, consolidated his hold over Chandor in the 11 th century AD until the 13 th century AD. On a pilgrimage to Somnath a sudden storm threatened the Kadamba King and his armada at the mouth of the River Zuari. Arab traders who lived in a settlement by the riverside rescued them and in gratitude, the Arabs were allowed to carry on their commercial activities in the kingdom.
As their kingdom prospered the Kadamba rulers built a navy that was unbeatable in its time. Chandor their capital was now too small. They then moved to Goa Velha, where only the massive tank of the temple of Goddess Chamunda remains today. The Fr Agnel monastery on the hill at Pilar houses the museum that has notable collections of this period.
Jayakeshi-I 1052-1080 AD proclaimed himself Lord of the Konkan and Emperor of the Western Seas. On his death Goa fell to the Chalukyas of Kalyani and later to the Yadavas of Devgiri.
Muslims held sway from 1312-1370 AD over the Konkan region. However with the breakup of the Tughlaq Kingdom, it was the Bhamani Sultans who then controlled Goa.
Madhav Mantri, who headed the army of Harihara of Vijaynagar, reclaimed and ruled Goa as its Viceroy. He fortified its ports and through these Arab steeds were imported for use in the Vijayanagar army. In 1469 the Bahamani Vizier Khwaja Mohammed Gawan of Gulbarga laid a two-year siege of Goa’s seaside forts and ended Vijayanagar’s rule.
Yusuf Adil Shah the adopted son of Gawan, moved his capital to Ela in Old Goa in 1498. He later built himself a palace in Panaji which until recently housed the State Secretariat. His rule lasted 12 years. On 25 November 1510 he lost Goa for good to Afonso de Albuquerque, a Portuguese who had taken the city earlier in March that year. The Portuguese ruled for 450 years.
On 19 December 1961 troops of the Indian Union marched into Goa. By choice Goa remained a Union Territory of the Indian Union for 26 years and on 30 May 1987 Goa attained its statehood. In August 1992, Konkani the mother tongue of Goa was included in the Indian Constitution.
HEALTH CARE BEFORE TRAVELS TOURISM
oa is essentially a healthy place to live in, with bright sunshine and sea breezes, to clear the collywobbles away. It would be a good idea though to guard against any serious diseases with a proper set of vaccinations. GOA TOURISM Since some vaccinations require more than one injection and some others cannot be injected with others, it is advisable to plan your vaccinations in consultation with your doctor well in advance of your trip. These can be then recorded on an International Health Certificate which is to be carried along with you. Entry into India requires yellow fever vaccinations especially when coming from an infected area. |
Other suggested vaccinations include the following: Hepatitis A |
Also make sure that you have adequate health insurance before you embark on your trip. Health Care in Goa There are pharmacies in all the towns in Goa as also along the beach belt. These are always well-stocked selling drugs manufactured in India under licence from foreign companies. Medications can usually be bought over the counter. Most good hotels also have a doctor on call to take care of most complaints and prescribe medicines. The staff at your hotel is also usually the best source for the name of the nearest recommended doctor. There are also government and private hospitals in most major tourist areas as also a number of private doctors with clinics. The main, well equipped hospitals are in the cities of Panaji, Mapusa, Margao and Vasco-da-Gama. There are also a number of ambulance services run by private, government and charitable institutions available on call. However if you are unfortunate to have been involved in an accident, the quickest way to get to hospital is by taxi or private car. |
GOA TOURISM
A Valuable Message funny Jokes
*
*
*
*
A WONDERFULL MESSAGE FOR U
- Door nigahon se jaya na karo, Dil ko is kadar tadpaaya na karo. Tum bin ek pal bhi ji na sakenge, Ye ehsaas baar-baar dilaya na karo.
- Mujhse itna rishta to banaye rakhna, Meri dosti dil mein basaye rakhna. Waqt ko koi baandh nahi sakta, Par is dosti ko palkon pe sajaye rakhna.
- Dard se dosti ho gayi dosto, Zindagi bedard ho gayi dosto. Kya hua jo jal gaya aashiyaana humara, Magar door tak roshni ho gayi dosto.
- Yaad na karogey to satayenge, Roothoge to manayenge. Dost hain hum tere, saya nahi Jo andhere mein tera sath chhod jayenge.
- Ae palak, tu band ho ja, Khwabon mein unki surat to nazar ayegi. Intazaar to subah, dobara shuru hoga, Kam se kam raat to khushie se kat jayegi.
- Dosti cheej nahi hai bhulaney ko, Hamey aadat nahi hai bhool janey ki. Hum is liye miltey hain kum ki, Nazar lag jaati hai zamaney ki.
- Har subah, tumhari muskurati rahey, Har shaam tumhari gungunati rahey. Tum jisey bhi milo, milo is tarah ki, Har milney wale ko yaad aati rahey.
- Har aahat ehsaas humara dilayegi, Har hawa kissa humara sunayegi. Hum itna pareshaan karenge tumko ki, Na chahtey hue bhi yaad humari ayegi.
- Kitney haseen hain aap, Khud ko duniya ki nazron se bachaya karo. Aankhon mein kajal lagana hi kafi nahi, Galey mein kaali mala latkaya karo.
- Sar jhukta sharam mein, Sar jhukta adab mein. Sar jhukta likhney mein, Aur sar jhukta hain mera SMS padney mein. PADHO AUR SAR JHUKAO.......
Quotes are nothing,
but inspiration for the un-inspired.
1) If you don't start, It's certain that you won't arrive.
2) You fall in love with personality, But you live with character.
3) Other can stop you temporarily, But only you can do it permanently.
4) The greatest obstacle to discovery is not ignorance. It is the illusion of knowledge.
5) God can mend all broken hearts. You just have to give him all the pieces.
6) Laugh at your self first, Before anyone else can.
7) Your worst days are never so bad that you are beyond the reach of God's grace. Your best days are never so good that you are beyond the need of God's grace.
8) A friend is like a four leaf clover, Hard to find and lucky to have.
9) To love what you do and feel that, It matters - How could anything be more fun ?
10) Too many people today know the price of everything and the value of nothing.
11) Our eyes are placed in front bcoz it is more important to look ahead than to look back.
sms wonderfull message jokes
Wonderfull Message Jokes SMS
Don't love a person like a flower,
Bcoz a flower dies in a season.
Love a person like a river,
Bcoz river flows forever.
sms wonderfull message joke
Your aim in life should be "54321"
Shocked Na !
5 - Five digit salary
4 - Four wheeler vehicle
3 - Three room house
2 - Two cute children
1 - One smart life partner
Wow....
Nice Na !!!
sms wonderfull message jokes
Kal mujhe Alladin ka chirag mila.
Maine jim se kaha -
Is SMS padhne wale ok akalmand banade.
Jim Bola -
Main sirf ichha puri karta hoon, chamatkaar nahi.
sms a good friends
When I say "Friend"
I mean -
Some one I Respect
Some one I Care
Some one I Need
Some one I Like
Some one Special
Some one Like "You"
Good Friend.....
Three sentences for getting success written by William Shakespeare :
1) Know more than others
2) Work more than others
3) Expect less than others
Tinkey-Tinkey toofan mein bikharte chale gaye
tanhi ke gahraiyon mein utarte chale gaye
udte thay jin doston ke saharey assman mein
ek ek kar sub bichadte chale gaye.
Yarra teri yaari utte sanu maan hai
teri yarri naal saddi dunia te shaan hai
dosti da boota kite vadd na devi
lokan pachhey lag sanu chhad na devi.
Musharaf ( Narak mein yamraj se )---
Ek call kar loon Pakistan ?
Yamraj- ok
[ call ke baad ]
Musharaf - kitna bill hua ?
Yamraj - kuchh nahin.
Musharaf - kyon ?
yamraj - narak to narak free hai.
Goodnight Message joke sms
Wishing a sweetest night to a sweetest natured person.
May you sleeps & fall from the bed tonight
then your will remember that you forgot
to wish me good night.
Yaron ki mehfil mein vo muskurate pal
dilse dua hai apna beeta hua kal
kabhi jandgi gujarti thi hasne-hasaney mein.
Khuda ki rehmat sarey sansaar par barse
Merey hissey ki rehmat merey dost merey yaar par barsey
Ya khuda mujhey kar dena paani agar mera dost kabhi pyaas se tarsey
sms jokes message
Dartey hain aag sey, jal na jayen
Dartey hain khwab sey, too na jaye
Dartey hain toofan sey, ujad na jayen
Jyada dartey hain aap se ki app hamey bhool na jayen
BACKPAGE NEXTPAGE
Wednesday, June 24, 2009
Top Engineering Colleges India
JNTU ENGINEERING COLLEGS ANDHRA PRADESH
OSMANIA UNDER ENGINEERING COLLEGS
KAKATIYA UNIVERSITY UNDER ENGINEERING COLLEGES
ANDHRA UNIVERSITY ENGINEERING COLLEGS
SRE VENKATESHWARA UNIVERSITY ENGINEERING COLLEGES
THESE ARE TOP COLLEGES FOR THEIR CAMPAS SELECTIONS ARE..
CAMPAS INTERVIEWS ARE THATS COLLEGES IN ENGINEERING AND MBA, MCA
ALL THE BEST STUDENTS....