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Computerized bookkeeping

Bookkeeping is the recording of financial transactions made by an individual or an organization These transactions include sales, purchases, incomes and payments carried out by a bookkeeper to keep the organization financial in order and to ensure that the bills are paid, obligations are met and checkbooks balances are matched up.

There are quite a few ways for a business owner to keep track of his accounts. One of the more current method is to use computerized bookkeeping. Many people prefer the use of computerized bookkeeping as it is handy and easy to use. Unlike the old-fashioned complicated business book, computerized financial programs usually merge bookkeeping with Internet banking services and bill payment options to make things easier.

By using the computerized system, users are able to keep track of money flow. Read more text…

USD: How Much Will Retail Sales Matter?

It may have been a quiet day in the financial markets but starting tonight, it will be a very busy trading week. The action will heat up this evening with a heavy dose of Chinese economic data that will be followed by the U.S. retail sales report. Although equities traded slightly higher, the U.S. dollar lost value against every major currency with the exception of the New Zealand dollar. Risk appetite is hanging by a thread and today’s shallow recovery could easily turn into losses if Chinese or U.S. economic data surprises to the downside. There may be very few reasons for investors to buy dollars but the greenback’s safe haven status is a big one. This may not help USD/JPY but it has helped the dollar recover against higher yielding currencies. Read more text…

Pound Stagnates, Lacking Direction

The British Pound has struggled to find direction in 2011. After getting off to a solid start – rising 4% against the US dollar in less than a month -  the Pound has since stagnated. At 1.625 GBP/USD, it is now at the same level that it was at five months ago. Given the paltry state of UK fundamentals, the fact that it still has any gains to hold on to is itself something of a miracle.

The Pound’s failure to make any additional headway shouldn’t come as a surprise. First of all, the Pound is not a safe haven currency. That means that the only chance it has to rise is when risk is “on.” Unfortunately, the Pound also scores pretty low in this regard. Annual GDP

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USD-CAD in a Short-Term Consolidation

During the last few weeks, the Canadian Dollar started to lose some of its luster. After posting steady gains in relation to the US Dollar, the CAD became significantly weaker, shedding almost 400 pips – the USD-CAD rallied from 0.9440 to 0.9817. While that might be only a corrective price swing within the main downtrend, this move is relatively big on a smaller time scale. On the intermediate term chart, for example, this appreciation became a new uptrend that developed higher highs and higher lows. At present, the USD-CAD is in a consolidation on this chart.

This price is contained in a narrow band between 0.9740 and 0.9815. Chances are that the USD-CAD will soon break out from this congestion zone. B

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