NewswireToday - /newswire/ -
Toronto, Ontario, Canada, 2012/11/13 - Currency Optimizer, Inc. launches new 3-part currency risk management service/software solution for Canadian companies doing business in the U.S. Desktop alert technology brings real-time foreign exchange analysis to the computer desktop.
Canadian companies doing business in the United States can look forward to a more level playing field with the launch of Currency Optimizer’s new 3-part service/software solution.
Currency Optimizer is the first to bring user-friendly, real-time analysis of currency markets to Canadian business using desktop alert technology. Now Canadian companies can manage the ongoing risk of currency fluctuations in a new and cost-efficient way, protecting themselves from Canadian / U.S. Dollar exchange rate volatility.
With over 93 percent of U.S. Imports and 99% of U.S. exports priced in U.S. Dollars (according to the Federal Reserve Bank of New York), Canadian businesses are taking on virtually all foreign exchange risk when doing business in America.
And since the U.S. Dollar is the entire world’s reserve currency, massive risk-on risk-off capital flows in and out of the USD create dangerous volatility. That risk can now be managed strategically through a new 3-part offering from Currency Optimizer Inc.
1. Their desktop alert technology delivers clear, simple price analysis of USD/CAD exchange rates directly to a subscriber’s computer desktop.
Subscribers can make better, more informed decisions about whether to buy U.S. Dollars, sell U.S. Dollars, or wait on the sidelines for extreme volatility to pass. Alerts are sent out only when their technical analysts determine that price has moved into pivotal buy and sell zones. The result is constant vigilance in the currency markets, with virtually no research and analysis effort required on the part of the subscriber.
Currency Optimizer (currencyoptimizer.com) provides all the analytic vigilance, watching the markets like a hawk, so subscribers don’t have to.
2. The release of economic reports and data can have explosive results in the markets.
The “Daily Briefing” video pre-market heads-up gives a preview of the day’s opportunities and threats. So if a company anticipates a need to sell or buy U.S. Dollars in the next few days, an investment of a mere 5 minutes to watch the Daily Briefing can pay large dividends in both profit retention and peace of mind.
It prepares subscribers quickly and easily so they are better able to keep their heads during times of extreme volatility, when all others are losing theirs. Predictable market shocks can be anticipated and avoided. Then, when the market gyrations subside and/or reach a key price level, the desktop alert system brings real-time analysis to assist in making the optimal decision for the transaction.
3. Managing currency fluctuation is now a vital part of business planning. The “Weekly Report” provides Canadian companies with in-depth analysis on all major currency pairs with an emphasis on key price levels over the week ahead. Market correlations, price trend analysis and nuanced sentiment gauges assist companies with a clear, birds-eye view of the week ahead.
Hedging can be an excellent risk management strategy, but at what price? If short-term currency hedging is a part of a company’s risk management strategy, the need for objective price analysis is paramount.
Not always acknowledged by forward contract providers, however, is that determining a price level for implementing the hedge can be the critical challenge that determines its success.
Weekly Report offers cutting-edge technical analysis to assist: clearly defined support and resistance price zones and much more, thereby increasing the probability of a company achieving their ideal hedging target.
Taken together, Currency Optimizer’s 3-part system brings constant foreign exchange vigilance to Canadian companies doing business in the United States. Canadian companies can now manage the ongoing risk of currency volatility and thereby keep more of their hard-earned U.S. Dollar profits.
The future of foreign exchange risk management in Canada is changing. Currency Optimizer helps level the playing field.