Social media reaches a target audience more effectively than traditional sources, such as newspaper advertisements. The Forex industry has been paying attention and is increasingly gaining exposure via social media. Unfortunately, some Forex traders use social media to deliver spam. If used properly, the Forex industry can use social media to enhance its reputation with … “How Can Forex Brokers Use Social Media to Attract New”
Category: Forex Bits
FXCM Forex Execution Center Launched
US broker FXCM announces the launch of their forex execution center. The new mini-site doesn’t show statistics regarding execution, but is just intended to showcase the difference between execution methods – between no dealing desk (NDD) or ECN, and the more common market makers. I hope they will add execution figures. This imitative is similar to Gain’s … “FXCM Forex Execution Center Launched”
Egyptian Opposition to Declare Liberated Zone
There are unconfirmed reports that Egyptian opposition forces are about to take over one of the cities in the Egyptian Delta and to declare it as a liberated land with a free new government. Opposition factors are aided by former army generals and security such as the Mukhabarat. As the current regime is reluctant to … “Egyptian Opposition to Declare Liberated Zone”
FOREX.com Execution Time – 0.08 Seconds
Forex broker Gain Capital, owner of forex.com, released interesting execution data. Average execution time is 0.08 seconds, and 99.7% or all trades are performed within one second. Michael Greenberg reports about these interesting figures, and mentions that the publication could be related to the fact that Gain Capital was fined by the NFA for manipulations … “FOREX.com Execution Time – 0.08 Seconds”
Israel Hit By Grad Rockets from Gaza
Grad rockets have hit the Israeli southern towns of Ofakim and Netivot. They were sent by the Hammas controlled Gaza strip, following the uprising in Egypt. No injuries were reported. On Monday evening, one Grad missile fell near Netivot and caused serious damage to a car. Another rocket hit Ofakim. A few people were terrified, … “Israel Hit By Grad Rockets from Gaza”
Muslim Brotherhood Wants War With Israel
Mohamed Ghanem, one of the leaders of the Muslim Brotherhood in Egypt, calls Egypt to stop pumping gas to Israel and prepare the Egyptian army for a war with it’s eastern neighbor. Speaking with Iranian television station Al-Alam, Mohamed Ghanem blamed Israel for supporting Hosni Mubarak’s regime. Ghanem also said that the Egyptian police and … “Muslim Brotherhood Wants War With Israel”
Martin Weale Less Supportive of Rate Hike
Last week’s meeting minutes from the MPC revealed that there’s one more member, Martin Weale, that is supportive of a rate hike. Weale joined Sentance that has voted for a hike for quite a long time. But Weale’s vote came before the horrible GDP figure which showed that the British economy squeezed by 0.5% in … “Martin Weale Less Supportive of Rate Hike”
Fitch Warns About Spanish Mortgage Ruling
Rating agency Fitch became aware of a court case in which the judge denied the bank of its will to continue getting the mortgage after getting the house. If the appeal won’t reverse this ruling, it could be a precedent that could hurt the Spanish banking system. Tracy Alloway reports: In a Friday statement, the … “Fitch Warns About Spanish Mortgage Ruling”
Egyptian Army Against Mubarak
The Egyptian army seems to side with the protesters. They don’t seem to have any will to break the demonstrations, and they are held aloft the masses. The demonstration in Tahrir square in Cairo came out about alongside US-made tanks. The army just made sure no weapons were brought into the square. Also in Alexandria, … “Egyptian Army Against Mubarak”
USD/CAD Rises on Low Canadian Inflation
Prices in Canada aren’t rising – CPI hasn’t changed in December and Core CPI dropped by 0.3%. This was lower than the already low expectations. This reduces the chances for a rate hike in Canada. The Canadian dollar retreats against the US dollar. USD/CAD now approaches parity once again after sitting at around 0.99 early … “USD/CAD Rises on Low Canadian Inflation”