Over the years I have heard so many traders talk about how brokers are out to get their broker is out to get them. They complain about stops being to wide, platforms freezing, and being stopped out when they feel that they shouldn’t have been. These traders then flood message boards and begin to go … “Your Broker Is Not The Enemy”
Month: November 2010
Spain’s Auction Bond Shows Contagion Signs
Spanish Bond auction today saw yields rising. For three month notes, the rate is 1.743%, higher than 0.951% on October 26th. For 6 month notes the yield was 2.111% instead of 1.285% last time. The 3.25 billion euros raised also fell short of the maximum. See more on Bloomberg. The Irish crisis erupted when investors … “Spain’s Auction Bond Shows Contagion Signs”
GFT DealBook – Separates Multiple Positions
Francesc Riverola reports that GFT announces a new feature – position based trading. Gonçalo Moreira explains that instead of consolidating multiple positions on the same instrument to a single position with an average price, the positions are kept separate, allowing the trader better control. The graphic in the article provides a great explanation. See it … “GFT DealBook – Separates Multiple Positions”
IBFX – Middle East’s Fastest Growing Broker
Michael Greenberg reports that Interbank FX was named the fastest growing broker in the Middle East according to Arabcom’s Middle East Online Trading Awards. IBFX is definitely growing rapidly with branches around the world. It has already been awarded as the fastest growing broker in the US. Full Disclosure: IBFX is an advertiser on this … “IBFX – Middle East’s Fastest Growing Broker”
Malaysian Ringgit Falls as Economic Growth Slows
The Malaysian ringgit dropped today as the report showed the economic growth in Malaysia, as well as in some other Asian countries, slowed. The government report showed that the Malaysian economic growth slowed compared to the 8.9 percent growth in the second quarter. The economies of China and Singapore also expanded with slower pace. The tension between North and South Korea was another reason for the decreasing demand for the Asian currencies. USD/MYR rose from 3.1035 to 3.1170 as of 10:52 … “Malaysian Ringgit Falls as Economic Growth Slows”
North Korea – Japan Demands Firm Retaliation
Following the shell attack of North Korea on South Korea, Japan demands that the US, Japan and South Korea retaliate and attack North Korea. Japanese Prime Minister Naoto Kan called US President Barack Obama and South Korea’s Lee Myung-bak, and demanded an immediate response. Around 30,000 US troops are based in South Korea, and the 7th … “North Korea – Japan Demands Firm Retaliation”
Swiss Franc Gains on Korean Conflict
The Swiss franc strengthened today after North and South Korea exchanged the artillery fire, increasing demand for the currency as the safe haven. South Koreaâs Joint Chiefs of Staff stated that North Korea fired artillery shells into the South near the western border between two nations. The MSCI Asia-Pacific Index of shares (excluding Japan as its markets closed for holiday) dropped as much as 1.9 percent. USD/CHF traded at 0.9888 as of 9:59 GMT … “Swiss Franc Gains on Korean Conflict”
Rumor – Kim Jung Il Dead – Can Explain North
Gerry Davies reports that there’s a rumor about the death of North Korean leader Kim Jung Il. This could explain why North Korea attacked South Korea with shells, killing a few people. Kim Jung Il’s heir, Kim Jong-un, might want to show that the North is still strong and that there’s a new guy in town … “Rumor – Kim Jung Il Dead – Can Explain North”
Irish Bailout Doubted as the Government May Collapse
In a dramatic press conference, Irish PM Cowen announced that he would dissolve the parliament right after the budget passes. But can he pass it? The Irish government, led by prime minister Cowen and by finance minister Lenihan, may not be able to pass the 4 year budget. Their coalition partner, the Green Party, demanded … “Irish Bailout Doubted as the Government May Collapse”
US Dollar Strengthens as Traders Believe in Quantitative Easing
The US dollar rose today against the euro and the Great Britain pound as many traders believed in the positive effect of the quantitative easing on the US economy, despite the criticism from the economists. The dollar dropped against the Japanese currency. The Dollar Index, which tracks the performance of the US currency versus the currencies of the US six major trading partners, jumped as much as 5.1 percent after it reached it lowest level this year on November 4th. … “US Dollar Strengthens as Traders Believe in Quantitative Easing”