Remember that one broker had much higher profitability than others? Well, this was probably due to passive accounts that paid interest. The calculation is going to change – meaning that we’ll see significant changes. The new CFTC rules introduced in October included a requirement to include the number of accounts and the percentage of profitability. … “Forex Broker Profitability Rules Change”
Author: admin_mm
Dollar Drops vs. Euro as Fed Maintains Stimulus Measures
The US dollar slipped today versus the euro after the US Federal Reserve maintained its quantitative easing program, signaling that the US economy hasn’t quite recovered yet and still requires stimulus. Some economists had hopes that the Fed would raise the interest rates as the economy of the US looked for them healthy enough to survive without unprecedented stimulus measures. Such hopes hadn’t come to pass as the Federal Open Market … “Dollar Drops vs. Euro as Fed Maintains Stimulus Measures”
Yen Slumps After S&P Downgrades Japan’s Rating
The Japanese yen tumbled today after the Standard and Poor’s downgraded Japan’s credit rating one step to AA- as the Japanese government hasn’t done enough to reduce the nation’s enormous debt. S&P said in its statement: The downgrade reflects our appraisal that Japanâs government debt ratios â already among the highest for rated sovereigns â will continue to rise further than we envisaged before the global economic recession hit … “Yen Slumps After S&P Downgrades Japan’s Rating”
Unregistered Forex Brokers Sued by CFTC
The CFTC made a major move against unregistered forex brokers – they sued no less than 14 brokers. Lawsuit were filed in 4 different courts across the US. Here are the names of the companies: EuroForex Development LLC, a Delaware LLC; FIG Solutions Limited, Inc., a Delaware corporation; ForInvest, a Delaware corporation; FXOpen Investments Inc., … “Unregistered Forex Brokers Sued by CFTC”
Video – Review of EUR/USD Dollar Moves Around the Fed
Julie Sinha reviews the moves of EUR/USD on Forex TV. Traders are cautious towards the FOMC decision. This is causing choppy trading throughout the day. Sinha quotes one analyst that even says it’s “suicidal” to trade the markets before the statement is released to the public. Are you trading the decision? Or waiting for the … “Video – Review of EUR/USD Dollar Moves Around the Fed”
EUR/USD Elliott Wave – Is a Reversal Coming?
Euro has been trading significantly higher for the past two weeks from 1.2870 region, but the price action personality suggests that this is only a temporary recovery. Our bias for this pair is short as long as the market trades below 1.4280 high from October 2010. Guest post by Gregor Horvat In our next video, … “EUR/USD Elliott Wave – Is a Reversal Coming?”
eToro Introduces Foursquare Style Badges
eToro, a forex broker known for it’s easy to use platform and social network, introduces Foursquare-style badges. Traders can now earn recognition for their successes. eToro also announces a big round of funding. Social prizes The Market Leaders program rewards the traders for accomplishments in different fields. Badges are earned per geographical regions (similar to … “eToro Introduces Foursquare Style Badges”
FOMC Preview – Will Inflation Be Mentioned?
The first rate decision in 2011 isn’t expected to bring any dramatic policy change, yet it will rock the dollar, especially if the inflation is mentioned. Here’s a preview for this big event. What’s expected I believe we won’t see any change in the Fed’s policy this time. Only two months passed since the major … “FOMC Preview – Will Inflation Be Mentioned?”
Pound Regains Strength on MPC Minutes
The Great Britain pound recovered today as the minutes of the Bank of England Monetary Policy Committee meeting showed that more policy makers voted for an increase of the interest rates than on the previous meetings. The minutes showed that six members of the Committee voted to keep the rates unchanged, while three members voted for an increase of the rates. Andrew Sentance and Martin Weale preferred to increase Bank Rate by 25 basis points and to maintain the size of the asset purchase … “Pound Regains Strength on MPC Minutes”
Mexican Peso Little Changed After Yesterday’s Decline
The Mexican peso was little changed today after it dropped yesterday on the speculation that the government will intervene to weaken the currency. Mexico’s Finance Minister Ernesto Cordero reinforced the worries about an intervention as he said today: We are paying attention to capital inflows. In the case of Mexico, it wouldnât be effective to impose capital controls. Some analysts voiced their doubts about probability of an intervention, but these comments … “Mexican Peso Little Changed After Yesterday’s Decline”