Currency Exchange Profits

Trina shares fall after Q1 profits miss expectations

But a quarterly profit of $0.63 per American Depositary Share fell short of analyst expectations and Trina’s stock fell more than 6% to $23.26 in midday trading on the New York Stock Exchange.

The vertically integrated solar manufacturer recorded net revenue of $550.9m, up 63.5% from the year-earlier quarter, on module shipments of 320MW, up 66.4%, but at the low end of the revised guidance the company issued last week. Trina had been expecting a slight increase in module shipments over the 351MW it moved in the fourth quarter, but saw demand impacted by uncertainty around the Italian feed-in tariff.

Trina also saw its operating margin compress to 15.3% in the quarter from 22.6% in both the quarter- and year-earlier periods, as it increased operating expenses “primarily due to continued expansion of the company’s global management structure” and spent more on research and development.

Changzhou-based Trina took a $24.1m foreign currency exchange loss in the quarter against a loss of $14.5m a year earlier. Trina pinned the loss on forward contracts used to hedge currency risks, offset by an appreciating Euro against the US dollar.

Chief executive Jifan Gao says that the company “realized notable market share gains in Germany, the rest of Europe and on a global basis”.

Trina also announced a 130MW sales agreement with German developer and engineering, procurement and construction contractor Mohring Energie . Under the deal, a third of the modules are to be delivered in the second and third quarters, with prices fixed in US dollars.

The company’s 2011 focus is on continuing to distinguish its brand, which he says contributed to major customer wins in the quarter, by improving technology innovation and corporate social responsibility.

Trina is forging into Australia with a new Sydney sales and business development office, opened this month.

The company expects to ship 430-450MW of modules in the second quarter, en route to full-year shipments of 1.75-1.8GW.

Best Currency Exchange Pairs for Currency Trading Profits ...

Taken from Forex Growth Bot

The major currencies in most people’s estimation are the US dollar (USD), Euro (EUR), yen (JPY), pound (GBP), Swiss frank (CHF), and the Canadian and Australian dollars (CAD and AUD). Therefore, there are six major pairs where USD is combined with any other of the majors. Cross pairs are those not including USD, for example CBP/CHF. These are the best foreign exchange pairs for a retail trader to work on. The exception might be that a broker will be offering the currency of their own country at cheap rates regardless of if that currency is not a major. This is especially true for secondary currencies like the New Zealand and Singapore bucks that are close to making it into the majors apropos daily trading volume. So you can trade any major pair or cross of the majors but unless you have reasons for doing otherwise, most noobs are suggested to start with EUR/USD for many trading. First, there is a lot of competition between brokers so that the spread is usually lowest for this pair. 3rd, forex stories alerts have a large amount of reports about these currencies so you aren’t so sure to get caught out by sudden press releases. If you’re using an expert counsel or currency trading robot, on the other hand, it could be set up for other pairs. That will not work so well on any but the commended pairs, so those will be the best forex pairs for an expert advisor.

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