Andriy Moraru brings a very nice review of the existing forex social networks, including a measure of the activity on these forex social networks and their value to traders. The 7 social networks that Moraru reviews are Currensee, MyFXBook, FXStat, Forex Factory, MeetPips, FXBees and MeetFX. I recommend reading his great overview and voting on … “Forex Social Networks Poll”
Category: Forex Bits
CitiFX Pro Named “Best Retail Platform” For Margin FX
Forex broker CitiFX Pro won the Best Retail Platform for Margin FX Trading award from Profit & Loss, a British magazine the focuses on derivatives and currencies. This is the second year in a row that CitiFX wins this prize. Previous news about CitiFX: CitiFX Pro Trading Platform Launched in the UK CitiFX Announces More Competitive … “CitiFX Pro Named “Best Retail Platform” For Margin FX”
AFC Champions League – Now Sponsored by FxPro
Following the announcement about the sponsorship of the French side Monaco FC, FXPro now moves to football (soccer) in Asia as well. The forex broker announces that it will now sponsor the Asian Football Confederation Champions League. This move will definitely help grow awareness in Asia. The popularity of currency trading is growing across Asia … “AFC Champions League – Now Sponsored by FxPro”
Day of Rage in Syria – Oil Jumps
This isn’t an April fool’s joke. Friday’s day of prayer is expected to turn into a day of rage, one of the strongest that Syria has seen. Social networks and text messages are utilized by Syrian opposition factors to stage action all over the Bashar al-Assad’s country. The previous Friday was very bloody – many … “Day of Rage in Syria – Oil Jumps”
Forex Money Managers Find Interest in Trade Leaders Program
Money managers find more and more interest in Currensee’s alternative investment service – the Trade Leaders program. They now report that the number of applications has doubled. These managers put their trust in the program were people can invest in excellent forex traders and follow their successes. Here are more details, in the full press … “Forex Money Managers Find Interest in Trade Leaders Program”
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”
Japan’s Nuclear Operator Could be Nationalized – Weighs on
Following the horrific earthquake and the nuclear catastrophe that followed, Japan’s nuclear power operator, Tepco, might find itself in the hands of the government. As Tepco’s finances were never too good anyway, there are growing talks about nationalization. Here are some of the talks: “Naturally it is possible that there will be various debates about … “Japan’s Nuclear Operator Could be Nationalized – Weighs on”
Sirte Conquered by Libyan Rebels? Oil Falls, Dollar Stronger
According to their own reports, the rebels in Libya are advancing very rapidly and have conquered the strategic city of Sirte (or Sirt), the town where Libyan ruler Muammar Gaddafi was born, and an important stronghold on the way to the capital Tripoli. Since coalition air strikes began about one week ago, the opposition has … “Sirte Conquered by Libyan Rebels? Oil Falls, Dollar Stronger”
Ewald Nowotny Wants Portugal Bailout
The Austrian member of the European Central Bank, Ewald Nowotny, has spoken out about the situation in Portugal, and says that he recommends it. Over the weekend, Nowotny said: From a purely economic point of view one could probably recommend it. The domestic political situation in Portugal has clearly worsened … the head of the government … “Ewald Nowotny Wants Portugal Bailout”
QE3 – Chances of Very Slim
Over the weekend, FOMC member James Bullard joined other Federal Reserve officials by saying that when QE2 will end its course in June, no new scheme will be offered – no QE3. Bullard even said that QE2 might end sooner than expected: “If the economy is as strong as I think it is then I think … “QE3 – Chances of Very Slim”