FXStreet, one of the largest forex portals has a new and improved design which makes the site easier to navigate. In addition, another important change has been made – the site loads very fast now. The navigation bar on the top of the page looks much better now. Despite the many options available, it doesn’t … “FXStreet Rolls Out Improved Design”
Author: admin_mm
Ed Ponsi: Forex Cannot Be Ignored
Ed Ponsi and Joseph Trevisani spoke on Forex TV about the successful FXCM IPO. Ponsi says that FXCM moved to the agency model rather than the principal (market maker) model, and that more forex brokers will go this way. In the interview with Julie Sinha, Ponsi also states that this IPO will bring more attention to … “Ed Ponsi: Forex Cannot Be Ignored”
Franc Rises as ECB Meeting Doesn’t Provide Solution to Problems
The Swiss franc gained against the euro as the meeting of the European Central Bank’s policy makers failed to provide the solutions to the European sovereign-debt crisis. The currency also rose versus the US dollar after the report showed that the US jobless claims rose more than expected. The claims for the unemployment benefits in the US increased to 436,000 last week from 410,000 in the week before. The analysts expected the increase only to 425,000. Tomorrow’s report expected to show … “Franc Rises as ECB Meeting Doesn’t Provide Solution to Problems”
US Dollar Drops as Fundamentals Signal About Economic Recovery
The US dollar fell today as the unexpected increase of the US pending home sales in October and the rally of the stocks and the commodities signaled about the economic recovery and damped the demand for the dollar as the safe haven. The US pending home sales grew 10.4 percent in October, following the decline by 1.8 percent in September. The result was much better than the forecast reading of the 0.7 percent drop. The demand shifted from the safe currencies to the riskier ones also as the report … “US Dollar Drops as Fundamentals Signal About Economic Recovery”
Gain Capital IPO Scheduled for week of December 13
The second IPO of a forex broker is due in about two weeks. Gain Capital, which holds the lucrative domain name forex.com, will make its initial public offering on the week of December 13th. Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) reports that the stock price will range from $13 to $15. It’s amazingly the same target … “Gain Capital IPO Scheduled for week of December 13”
Currensee Trade Leaders On Varengold Bank FX
Varengold Bank FX, a German investment bank, now enables its clients to access Currensee’s trade leaders. Forex traders will be able to allocate money and automatically follow the trade leaders, riding on their success. It will be interesting to see other brokers make this kind of cooperation with Currensee – enabling traders to tap into … “Currensee Trade Leaders On Varengold Bank FX”
FXCM IPO Indeed Successful – Shares Trade at High End
The FXCM stock now trades in the New York Stock Exchange at around $15 per share. The initial IPO aimed at a price of between $13 to $15 and the IPO closed at $14 – at the midpoint. Indeed, the IPOs handled by Credit Suisse were successful, with the price of shares being above IPO … “FXCM IPO Indeed Successful – Shares Trade at High End”
Jobless Claims Disappoint This Time
US unemployment claims had a setback, jumping to 436K – within the previous 430K-500K range. The market expected 425K. It’s also a big jump in comparison to last week’s outstanding 407K figure. The moving average for four weeks is still improving. We should still get a good result in the Non-Farm Payrolls tomorrow. Now the … “Jobless Claims Disappoint This Time”
Spanish Yields Are Falling Before Trichet
The yields on ten year Spanish government bonds are dropping. At the moment they stand at 5.13% 5.10%, a significant drop from yesterday’s 5.3% and 5.6% earlier in the week. This is a sign of high hopes that the market is expecting a big bond buying scheme that will lower the yields and return liquidity … “Spanish Yields Are Falling Before Trichet”
Britain’s Pound Gains vs. Dollar, Weakens vs. Euro
The Great Britain pound rose today against the US dollar on the speculation that the European policy makers would begin the bonds purchasing program to resolve the debt crisis, increasing the attractiveness of the British assets. The currency fell against the euro. The President of the European Central Bank Jean-Claude Trichet said that the policy makers are determined to find the solution to Europe’s sovereign-debt troubles and hinted that the stimulus program may be such solution. The yield … “Britain’s Pound Gains vs. Dollar, Weakens vs. Euro”