Learn Schedule : Trade Weighted US dollar Index

The trade weighted dollar index was introduced in 1998 for two primary reasons. The first being the introduction of the euro, which eliminated several of the currencies in the standard dollar index; the second being to keep pace with new developments in US trade

Included currencies

Europe (euro countries) Canada Japan Mexico China United Kingdom Taiwan Korea Singapore Israel Saudi Arabia Russia Sweden Argentina Venezuela Chile Colombia Based on nominal exchange rates The index is computed as the geometric mean of the bilateral exchange rates of the included currencies. The weight assigned to the value of each currency in the calculation is based on trade data, and is updated annually (the value of the index itself is updated much more frequently than the weightings).[1] The index value at time t is given by the formula:[1] . where It and It − 1 are the values of the index at times t and t − 1 N(t) is the number of currencies in the index at time t ej,t and ej,t − 1 are the exchange rates of currency j at times t and t − 1 wj,t is the weight of currency j at time t and  Based on real exchange rates In order to account for countries whose currencies experience differing rates of inflation from that of the United States the real exchange rate is a more informative measure of the dollar's worth. This is compensated for by adjusting the exchange rates in the formula using the consumer price index of the respective countries. In this more general case the index value is given by:[1] . where pt and pt − 1 are the values of the US consumer price index at times t and t − 1 and pj,t and pj,t − 1 are the values of the country j's consumer price index at times t and t − 1 Source : Federal Reserve Bulletin

Hong Kong Malaysia Brazil Switzerland Thailand Philippines Australia Indonesia India <

Gold Exchange-Traded Fund Why Not?

The idea of a gold ETF was first conceptualized by Benchmark Asset Management Company Private Ltd in India when they filed a proposal with the SEBI in May 2002. However it did not receive regulatory approval at first and was only launched later in March 2007.

The first gold ETF actually launched was Gold Bullion Securities, which listed 28 March 2003 on the Australian Stock Exchange. Graham Tuckwell, the founder and major shareholder of ETF Securities, was behind the launch of this fund.

Typically a commission of 0.4% is charged for trading in gold ETFs and an annual storage fee is charged. U.S. based transactions are a notable exception, where most brokers charge only a small fraction of this commission rate. The annual expenses of the fund such as storage, insurance, and management fees are charged by selling a small amount of gold represented by each share, so the amount of gold in each share will gradually decline over time. In some countries, gold ETFs represent a way to avoid the sales tax or the VAT which would apply to physical gold coins and bars.

In the United States, sales of a gold ETF are treated as sales of the underlying commodity and thus are taxed at the 28% capital gains rate for collectibles, rather than the rates applied to equity securities.

Physically-backed funds

Central Fund of Canada / Central Gold Trust

The Central Fund of Canada (TSX: CEF.A, TSX: CEF.U, NYSE: CEF) and the Central Gold Trust (TSX ; GTU.UN, TSX: GTU.U, NYSE: GTU) are closed-end funds headquartered inCalgary, Alberta, Canada, mandated to keep the bulk of their net assets in precious metals, with a small percentage of cash. The Central Fund of Canada holds primarily a mix of gold and silver, while the Central Gold Trust holds primarily gold.

The custodian of the precious metals assets of both funds is the main Calgary branch of CIBC. Both funds are considered especially safe because of their published codes of governance and ethics, the Central Fund's history of operation since 1961, and the funds' simple prospectuses which equate shares of the closed-end funds with real units of ownership in the trusts. As of October 2009, the Central Fund of Canada held 42.6 tonnes of gold and 2129.7 tonnes of silver in storage, and the Central Gold Trust held 13.6 tons of gold in storage.

Claymore Gold Bullion Trust

Exchange Traded Gold

Several associated gold ETF's are grouped under the name Exchange Traded Gold. The Exchange Traded Gold funds are sponsored by the World Gold Council, and as of June 2009 held 1,315.95tonnes of gold in storage. Exchange Traded Gold securities are listed on multiple exchanges worldwide by various ETF providers, including:

SPDR Gold Shares

Gold Bullion Securities, ETFS Physical Gold and ETFS Physical Swiss Gold

Dubai Gold Securities and NewGold

• Dubai Gold Securities (Sharia compliant) (NASDAQ Dubai:GOLD)
• ABSA "NewGold" debentures (JSE: NewGold)

iShares COMEX Gold Trust

Julius Bär Physical Gold Fund

Precious Metals Bullion Trust

Sprott Physical Gold Trust

ZKB Gold ETF

Index-tracking funds

ETFS Gold

PowerShares DB Gold ETF and ETNs (PowerShares/Deutsche Bank)

Tracks the performance of certain index moves inside the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold [2]. ETNs are exchange-traded notes, which differ from exchange-traded funds (ETFs).

• DB Gold (NYSE: DGL) (gold ETF)
• DB Gold Double Long (NYSE: DGP) (long leveraged gold ETN)
• DB Gold Short (NYSE: DGZ) (short gold ETN)
• DB Gold Double Short (NYSE: DZZ) (short leveraged gold ETN)

Nomura Gold-Price-Linked ETF

UTI Gold Exchange Traded Fund

Hybrid funds

Benchmark Gold BeES

On 19 March 2007 Benchmark Asset Management Company Private Ltd, a Mumbai-based mutual fund house, launched Gold BeES (NSE: GOLDBEES) on the National Stock Exchange of India. The name is short for "Gold Benchmark Exchange-traded Scheme." Shares are sold in approximately 1 gram gold units. The scheme's assets are 90-100% physical gold, and up to 10% money market instruments, securitised debts (up to 5%), and bonds.

^{Source : Forex News, Wikipedia, CNBC}

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Forex Bank - Aliansi Pemegang Saham Valuta Asing di Skandinavia

Forex AB is a Swedish financial services company. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. The owner began keeping the major currencies on hand.

The company was subsequently acquired by Statens Järnvägar (now SJ AB), the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Denmark, Finland and Norway and has over 80 shops, often located at train stations or airports. The decrease in the business brought on by introduction of the euro has made the company look for alternative sources of revenue, like applying for a banking licence and attempting to move into more regular transaction services, earlier handled by Svensk Kassaservice, a subsidiary of the state owned Swedish postal company, Posten.
Since 2003 Forex is a licensed bank.

Listed below are links contained in the Swedish Companies
List of Swedish companies

source : forex.se, wikipedia

London International Vintners Exchange - an exchange for investment-grade wine based in London

Liv-ex indices
 

Liv-ex publishes two indices, based on the prices of 100 and 500 wines, respectively. The prices that are used to compute the index are wines in bond in London, priced in Pound sterling. Both indices are hugely dominated by red Bordeaux wine. In their construction these indices are similar to a stock market index. The composition of the index is regularly updated as wines are added and removed from the index, and their index weight revised.

Liv-ex 100 Fine Wine Index

The Liv-ex 100 Fine Wine Index is the most widely used Liv-ex price index. As of November 2008, the index was composed to 94.62% of red Bordeaux, to 2.96% of Champagne (vintage préstige Champagne in the form of Cristal, Krug and Dom Pérignon), to 1.02% of red Burgundy wine (three vintages of mixed Domaine de la Romanée-Conti wines), to 0.85% of white Bordeaux (two vintages of Château d'Yquem) and to 0.55% of red Italian wine (two vintages of Ornellaia). The 88 red Bordeaux wines in the index represented vintages from 1983 to 2005, 12 wines from the 1980s, 32 from the 1990s, and 44 from the 2000s. 39 of these wines were different vintages of the five First Growth reds of the Bordeaux Wine Official Classification of 1855.

Futures contracts based on the Liv-ex 100 Fine Wine Index are traded on Intrade and ODL Markets.

Liv-ex 500 Fine Wine Index

The Liv-ex 500 Fine Wine Index includes 500 wines, is less used than the 100-wine index, and is slightly less dominated by Bordeaux.