One of the technical analysis terms that is most commonly used in the forex markets is the “price trend.” This essentially refers to the dominant direction of a currency pair over a certain time period (short term, medium term, or long term). Since prices can only travel in three directions (upwards, downwards, or sideways), one … “Forex Education: Trends and Identifying Dominant Price Direction”
Category: Forex Bits
CLM introduces Introducing Brokers Program
Australian based binary options and forex broker Core Liquidity Markets has launched an Introducing Brokers Program. The IB program offers payouts to partners. CLM recently launched a New Pricing Structures for Traders. For more details about the IB program, here is the official press release: Sydney, Australia – October 14, 2013 – Core Liquidity Markets, an … “CLM introduces Introducing Brokers Program”
Currency Insights October 2013
As the ongoing Washington shutdown continues to give way to diverging domestic and global economic conditions, the next major hurdle for the world’s currencies, risk, and the US market will be the continuation of the budget discussion in the week ahead and the ultimate debt ceiling debate going into mid-October. We don’t expect a “grand … “Currency Insights October 2013”
OANDA’s fxTrade Mobile now supports German
Good news for German speaking OANDA users: the international forex broker now supports the German language in its mobile platform. OANDA recently purchased Currensee. For more on the German language support, here is the full press release: LONDON – October 9, 2013 – OANDA Europe Limited, a subsidiary of OANDA Corporation, a global provider of … “OANDA’s fxTrade Mobile now supports German”
EURUSD: Price Extension Envisaged
EURUSD: With the pair maintaining its broader upside there is risk of an eventual return to the upside. As long as it can hold above the 1.3568 level, its medium term uptrend remains intact. Resistance resides at the 1.3645 level where a breach will aim at the 1.3710 level, its Feb 01’2013 high with a … “EURUSD: Price Extension Envisaged”
Infinium Note bought by FXCM
FXCM continues its shopping spree. The US based broker recently bought Faros Trading and it now announces a new deal, with Infinium: a market maker in forex and commodities. FXCM bought a $12 million note issued by Infinium. The note matures in August 2015. The deal was also done through Lucid. FXCM owns 50.1% of Lucid. … “Infinium Note bought by FXCM”
FXVM Launches Forex VPS Hosting Service
A new virtualized hosting for traders and financial applications has launched. With infrastructure located at Equinix in NYC and London, the startup is expected to compete with ultra low latency. Los Angeles, California – Trading infrastructure and virtual hosting provider FXVM (www.fxvm.net), an imprint of Gaiacom, L.C., today announced the immediate availability of its forex VPS hosting … “FXVM Launches Forex VPS Hosting Service”
GOLD: Bearish, Vulnerable To The Downside – Technical Analysis
GOLD: The commodity remains vulnerable to the downside having declined the past week. The risk is for more downside to occur towards the 1,272.00 level. A violation of here will aim at the 1,250.00 level with a turn below here shifting attention to the 1,215.00 level and next the 1,180.00 level. Conversely, resistance lies at … “GOLD: Bearish, Vulnerable To The Downside – Technical Analysis”
Sirix Community Multibroker Network Announced by Leverate
Leverate, which provides software solutions for brokers, introduces a significant powerful enhancement to its social platform: one big community that brings together traders from all participating brokers. With this, Leverate will command a huge social network for forex traders. A trader with one broker can now copy a trade of another trader with another broker. … “Sirix Community Multibroker Network Announced by Leverate”
Core Liquidity Markets Introduce New Pricing Structures for Traders
Core Liquidity Markets (CLM), launches a new pricing plan for both institutional and individual traders: lower spreads and a leverage of 100:1 for forex. For more details, here is the official press release: Sydney, Australia — Top trading company CLM provides two new pricing plans for active individuals and company clients; featuring Core Plus And … “Core Liquidity Markets Introduce New Pricing Structures for Traders”