US based Forex Broker FXCM reported its quarterly report for Q2 2013, and it certainly was a good one. Revenues are up 53% on Record Quarterly Retail and Institutional Volume of $1.7 trillion. Pro Forma EBITDA up 159% and Pro Forma EPS up 182%. Here are more details from the official press release: Second Quarter 2013 Highlights: … “FXCM Reports Record Quarterly Retail and Institutional Volume in”
Category: Forex Bits
Traido smart alerts for false breaks, other strategies
Traido is a young start up that enables traders to set alerts on false breaks: one of the most painful patterns that forex traders encounter. There are additional patterns that traders can set alerts for. Here is more information from the company, including what’s next in the pipeline: Expressing the trader’s strategy is a very … “Traido smart alerts for false breaks, other strategies”
EURJPY: Sees Further Bear Threats
EURJPY- The cross has turned lower below its medium term rising trendline suggesting more weakness could follow. Support lies at the 128.50 level where a violation will set the stage for a run at the 128.00 level and then the 127.50 level. Its daily RSI is bearish and pointing lower supporting this view. On the … “EURJPY: Sees Further Bear Threats”
Peter Cronin to lead institutional sales business in EMEA
US based Forex Broker Gain Capital (forex.com) announces the appointment of Peter Cronin as the head of institutional sales business in the region of Europe, Middle East and Africa. The company enjoys higher institutional trading volume in recent months. For more about the appointment, here is the official press release: LONDON, SINGAPORE and NEW YORK, … “Peter Cronin to lead institutional sales business in EMEA”
USDCHF long opportunity?
For today, there might be long opportunities on this pair – which means a sell option on EURUSD simultaneously. Yesterday the pair was pushed sharply lower close to the big support line at 0,9323. In the last two days it traded only under the 0,9394 area and so far it has not been able to … “USDCHF long opportunity?”
The End of Risk On and Risk Off – What
Q3 reveals that the financial markets are in the thick of complicated and divergent market behavior. With world markets awash in policies around quantitative easing, the fed tapering and major central bank announcements. Capital market users and investors find themselves in a new market environment: One that seems to promise the return to “normal trading … “The End of Risk On and Risk Off – What”
China Connected
Chinese figures released today by the China Network Information Centre show that in comparison with 2012 there has been an increase in the number of internet users now on-line in the country. There are currently 591 million people on-line today in China, which is a steady increase of 10%. While the Chinese may not have … “China Connected”
The importance of a trading log
It’s a shame that many beginner traders overlook the importance of keeping a trading journal. Even some “experienced” traders refuse to do the tiny work that is required to log their trades each day onto a sheet of paper or in a computer program. I can guarantee you one thing: the beginners and “experienced” traders … “The importance of a trading log”
Market commentary – July 15 2013
The main focus over the weekend was the slew of Chinese data released late Sunday night. Special attention was paid to the GDP numbers for the world’s second largest economy in Q2, especially after comments from the Finance Minister last week that suggested China was becoming increasingly tolerant of lower growth moving forward. The comments … “Market commentary – July 15 2013”
Earning season starts
Let’s see how this affects indices. My bet is that it will make them a bit choppy, but push them to upside. The bottom line is that all US indexes closed last week at new all-time highs. The new historical record in Russel shows how broad and deep the positive sentiment on US markets is. … “Earning season starts”