GFT wants more forex traders, and offers a nice incentive to woo them from other brokers – a one pip rebate for every trade the trader made – as long as they prove they have another account. This promotion is very interesting because of the targeting – GFT targets only existing forex traders, excluding newbies. … “GFT Rebates – Switch Brokers Easily?”
Category: Forex Bits
Irish Bank Defaults Ahead?
A draft paper a senior EU executive suggests that also senior debt holders would also take losses. This may apply to Allied Irish Banks (nyse:aib) and Bank of Ireland (nyse:ire). Both AIB and the Bank of Ireland have already “enjoyed” such bad rumors, but now that it appears in an official paper, it means trouble. … “Irish Bank Defaults Ahead?”
British Construction Squeezes
The British construction sector contracted in December – the purchasing managers’ index fell under 50 points, meaning that the sector is contracting. The early expectations stood on growth – a score of 51.1 points. This is bad news, as the construction sector was supposed to be an engine of growth for the UK in Q4. … “British Construction Squeezes”
Forex Digital Expo – New Site by FXCM
Following the IPO of FXCM , the American forex broker continues providing news. After expos in Las Vegas, they put an education site which will contain workshops about reading charts, developing trade plans, various presentations, videos and lots more – fxcmexpo.com This joins their large forex portal and the home site of the forex broker. … “Forex Digital Expo – New Site by FXCM”
Forex Volume Falling in 2011?
LeapRate has a prediction for a falling volume of forex trading in 2011, due to many reasons, including regulation, less volatility and saturation. Francesc Riverola brings their full report. Markets in the West may be saturated, but as Francesc mentions, we’re still seeing rapid growth Asia and the Middle East. In addition, I hope that … “Forex Volume Falling in 2011?”
Spain – China Will Buy Bonds?
Li Keqiang, the Vice President of China, wrote an article in Spain’s largest newspaper, El Pais, and pledged to buy Spanish public debt. This may well help the lower the yields, and allow cheaper refinancing for Spain throughout 2011. Spain has a lot of money to rollover / pay back, especially at the beginning of … “Spain – China Will Buy Bonds?”
Portugal Bailout To Be The Last?
France will start a busy week and a busy year of selling debt – it aims to raise 8.5 billion euros on Monday. Also Germany, Belgium and the Netherlands will raise money, but the focus will be on Portugal, which will go for a modest 0.5 billion euros on Wednesday. Portugal is marked as the … “Portugal Bailout To Be The Last?”
Private Payrolls Gains Tripled in December – Bloomberg
According to a Bloomberg survey of 61 economists, Non-Farm Payrolls are expected to show a gain of 140,000 jobs, made by the private sector, that is predicted to have created 155,000 jobs, more than triple the 50,000 reported in November. I believe that the headline figure will be higher, more towards the high end of … “Private Payrolls Gains Tripled in December – Bloomberg”
Credit Crunch 2 Coming in 2011?
The European debt issues are known, and it’s also known that the Spanish government and the Spanish banks have a lot of debt to pay back at the beginning of the year, but the magnitude now seems bigger than earlier. According to the Telegraph, banks must refinance (pay back, or rollover) 400 billion euros, European … “Credit Crunch 2 Coming in 2011?”
FxPro Monthly Revenue – $1000 Per Client
In case you’ve missed it, Michael Greenberg got his hands on the financials of FXPro – a Cyprus based broker that is seeking an IPO. FX Pro is rapidly growing in its four years of existence , with 17,000 accounts (as of June 2010) and a monthly trading volume of $55 billion. According to the … “FxPro Monthly Revenue – $1000 Per Client”