Perhaps forex brokers will get some good news soon, maybe in April. The Dodd-Frank act consists of many limitations, that not every broker will be able to handle. But forex brokers could be exempt from these rules. Discussions continue in Washington DC regarding the implementation of the Dodd-Frank legislation. The CFTC has to provide complementary … “Forex Brokers to be Exempt of Dodd-Frank Rules?”
Author: admin_mm
Job Gains To Continue at Same Pace? Non-Farm Payrolls
The U.S. Bureau of Labor Statistics will release the famous Non-Farm Payrolls figure on Friday, April 1st. The numbers aren’t expected to be too amusing though. Despite another expected improvement in the American job market, the big picture isn’t too good. A big leap is necessary for boosting the greenback. Here’s a preview of this … “Job Gains To Continue at Same Pace? Non-Farm Payrolls”
Expanding South Korean Economy Increases Appeal of Won
The South Korean won rose today to highest level in almost seven weeks as the inflows of foreign funds help the economy of South Korea, making the nation’s assets more attractive. The Bank of Korea reported that the South Korean gross domestic product advanced 0.5 percent in the fourth quarter of 2010, confirming the previous estimate. The government report this week is expected to show that the inflation accelerated to 4.8 percent in March, the highest level … “Expanding South Korean Economy Increases Appeal of Won”
GBP/JPY Rises with Retail Sales & Services
The Great Britain pound climbed today versus the Japanese yen after the reports today showed that Britain’s retail sales and services industries improved, renewing the talks about the possible interest rates hike. The currency also gained against the US dollar, but lost most of its gains by now. The Confederation of British Industry Distributive Trades Survey showed that there were 15 percent more retail traders whose volume … “GBP/JPY Rises with Retail Sales & Services”
ForexStreet.Net – Well Designed, Mature Forex Social Network
FXStreet’s social network is gaining traction after a quiet launch. It’s integration with other social networks, backing of a major forex portal and the excellent and intuitive design all make it worth checking out. Here’s a review of ForexStreet.Net. ForexStreet.Net is based on Ning, a platform for social networks that you might have seen elsewhere on … “ForexStreet.Net – Well Designed, Mature Forex Social Network”
FX Crosses Video: Is Euro headed lower against the
Hello traders! The FX market has seen some powerful moves over the past few days especially on Aud/Usd, which reached new highs around 1.0300. Well, Australian dollar has also strengthened against the other currencies as well, such as Eur per example, since Eur/Usd remained trapped in 220 pip range. The Eur/Aud lost 700 pips in … “FX Crosses Video: Is Euro headed lower against the”
FXCM Takeover? Not so Fast
Mere speculation about FXCM being bought out sent the stock price way up, but as Michael Greenberg reports here, there is nothing behind these talks, and there’s actually no basis for an acquisition of FXCM, perhaps an acquisition of another forex broker by FXCM. Here’s a quote from the article: This speculative list was published … “FXCM Takeover? Not so Fast”
AUD/USD At Resistance, Pull-back to come
AUD/USD reached new highs during Asian session, and now we have five waves up from the 0.9700 lows. We don’t know which degree this impulse is, maybe wave 1) of wave (5), or maybe the pair is already trading on the end of a bull market. However, what we want to point out is that … “AUD/USD At Resistance, Pull-back to come”
Aussie Dollar Reaches New Record vs. US Dollar
The Australian dollar decided that its rally doesn’t need to stop and continued its ascent, posting the new record high versus the US dollar. The reason for the rally of the Aussie is the same as for other commodity currencies â the advancing prices for raw materials, caused by the prospect of the economic recovery. Analysts predicted that the factory orders in the US rose 1.1 percent in February. Forecasts also promise the report on April 1 will show that … “Aussie Dollar Reaches New Record vs. US Dollar”
Trade Surplus Makes New Zealand Dollar Stronger
The New Zealand dollar advanced today after the nation’s traded balance posted a surplus for the first time in eight months as commodity prices continue to advance. The New Zealand trade balance posted the surplus of NZ$194 million in February. The reading was definitely better compared to the January decrease by NZ$3 million, but still somewhat lower than the forecast NZ$238 million. The exports rose $550 million, while the imports increased $684 million. The major … “Trade Surplus Makes New Zealand Dollar Stronger”