AshFX reviews social forex site FXStat and sees the strong resemblance to another forex online site – MyFXBook. In his interesting review, he discusses their new and interesting features such as the verification of the trading source – is it a demo account or a real account – this is very important, as we all know … “FXStat Review – Risk of Ruin and more”
Category: Forex Bits
Spanish 10 Year Yield Jumps
Another day, another new record for Spanish 10 year yields – 5.15% at the time of writing, already higher than the peak at the height of the Greek crisis. This reflects fear that Spain may be unable to pay its debt, as contagion spreads. Yesterday, a bond auction by Iberdrola, a big Spanish power company … “Spanish 10 Year Yield Jumps”
North Korea Threatens To Attack – South Korea Reinforces
While there’s quiet on the Korean front, tension remains very high. South Korea will add troops on the 5 islands west of the peninsula that border North Korea, including Yeonpyeong that was the scene of the incident on Tuesday. The South Koreans will allocate a big budget for this. And the North Koreans don’t remain … “North Korea Threatens To Attack – South Korea Reinforces”
Panda Sync Server – MetaTrader 4 to Proprietary Trading
Panda TS, which makes products for the forex market, announces a new product for forex brokers that aims to simplify and to lower costs. It allows the integration of the popular MetaTrader 4 platform with other systems that already exist. All the details are in the press release here: Panda TS (Panda TS), a global … “Panda Sync Server – MetaTrader 4 to Proprietary Trading”
Anglo Irish Haircut Begins
The troubled Anglo Irish bank, which was the “early bird” of the current big debt crisis in Ireland is restructuring its debt. This means that some bond holders just won’t get the money back. More details here on Alphaville. Tracy Alloway notes: To be sure, this was largely expected* by the market, given recent bondholder … “Anglo Irish Haircut Begins”
Lebanese Tensions Rise On Upcoming Hezbollah Indictment
Fears of a fresh civil war mount in Lebanon as the indictment of Hezbollah members is nearing. The Special Tribunal for Lebanon (STL) probably has evidence linking senior Hezbollah members to the assassination of former Lebanese Prime Minister Rafik Hariri in 2005. A recent article in Canada’s CBC showed a strong link between the group and the murder. The … “Lebanese Tensions Rise On Upcoming Hezbollah Indictment”
Credit Downgrade for Ireland
S&P downgraded Ireland’s credit to A, following the crisis. As the state takes over the banks’ problems, it’s in higher risk. This was widely expected. Any credit downgrades for Spain or Portugal by any of the the agencies: Fitch, Moody’s or S&P will inflict more damage on the struggling Euro. See more in Alphaville.
North Korea – Situation Stabilized
After the incident in the island of Yeonpyeong, the US committed to safeguard its ally, South Korea. Both China and the US agreed that North Korea’s violence is an unwanted action. There’s still no confirmation or denial from North Korea about the rumored death of Kim Jung Il. The US did however mobilize the U.S.S. … “North Korea – Situation Stabilized”
Spain’s Auction Bond Shows Contagion Signs
Spanish Bond auction today saw yields rising. For three month notes, the rate is 1.743%, higher than 0.951% on October 26th. For 6 month notes the yield was 2.111% instead of 1.285% last time. The 3.25 billion euros raised also fell short of the maximum. See more on Bloomberg. The Irish crisis erupted when investors … “Spain’s Auction Bond Shows Contagion Signs”
GFT DealBook – Separates Multiple Positions
Francesc Riverola reports that GFT announces a new feature – position based trading. Gonçalo Moreira explains that instead of consolidating multiple positions on the same instrument to a single position with an average price, the positions are kept separate, allowing the trader better control. The graphic in the article provides a great explanation. See it … “GFT DealBook – Separates Multiple Positions”