FXstreet.com

Wall Street jumps; Yen weakens

FXstreet.com — Wed, 15 Jul 2009 20:31:00 GMT

FXstreet.com (Córdoba) – Markets in the US ended Wednesday with sharp gains. The Dow Jones rose more then 3% posting the best day since March. Crude-oil also rallied and finished above $61 a barrel. The return of risk appetite plunged the Yen that fell across the board. The Dollar is down for the day but during the American session remained steady.

USD/JPY is pulling back after reaching levels above 94.40. Current price at 94.20 is 0.65% above today’s opening price. The Dollar is heading toward the third consecutive day with gains accumulating an increase of more than 200 pips. GPB/JPY jumped today rising more than 400 pips. The pair finally got resistance at the 155.00 level. Against the Euro, the yen also lost ground. EUR/JPY rallied after breaking above 131.00 to 133.40 reaching a two-week high.

For more information, read our latest forex news.

Forex: GPB/USD moving in ranges between 1.6405 and 1.6440

FXstreet.com — Wed, 15 Jul 2009 19:59:00 GMT

FXstreet.com (Córdoba) – GPB/USD is at the same levels it had at the beginning of the American session. Cable was able to keep early gains. The pair rallied to the upside during the European session after rebounding at 1.6300. Current price at 1.6430/25 is 0.60% above today’s opening price. Support levels below 1.6400 lies at 1.6345 and 1.6300. GPB/USD reached today at 1.6468 a two-week high.

Against the Yen, Cable jumped today. GPB/JPY rose more than 400 pips and currently is testing 155.00.

For more information, read our latest forex news.

Demand for Higher Risk Assets Continues as Reports Offer No Bearish Surprises

info@forexhound.com (ForexHound.com) — Wed, 15 Jul 2009 19:27:24 GMT

Traders have been hitting the U.S. Dollar hard in most of the majors at the New York mid-session as reports released earlier this morning offered no bearish surprises. Gains could be limited the rest of the trading session, however, as traders are expected to pare positions ahead of this afternoon’s FOMC minutes. Investors are aggressively seeking higher-yielding assets in a continuation of the theme that started earlier this week. In the meantime, lower-yielding currencies such as the Dollar

Yen goes from a leading contender in the world's strongest currency contest to one of the weakest

forexrazor@yahoo.com (ForexRazor) — Wed, 15 Jul 2009 18:37:57 GMT

EUR/USD Commentary and Trade Ideas The broad based demand for equities, responding to excellent earnings posted by Goldman and Intel, has revived risk appetite and sent the USD lower against most currencies. Currently the EUR is trading at 1.4090, near the high. The afterglow of yesterdays news has given stocks upside momentum, but how will the market behave with less cheery tidings? It is rumored that the Fed and FDIC are currently involved in intense negotiations with the CIT Group. No one

Yum fails to excite

info@interactivebrokers.com (Interactive Brokers LLC) — Wed, 15 Jul 2009 18:29:40 GMT

YUM – Yum Brands Inc. – There’s no joining in the global equity market surge today for Lousiville-based owner of fast-food restaurant KFC Foods, Taco Bell and Pizza Hut after it met revenue but missed on profit expectations. While the company increased its stake in the Shanghai, China operating entity covering the KFC chain, challenges at domestic Pizza Huts gave cause for concern. Shares are lower by 5.1% at $34.18 and the negative sentiment seemingly has convinced option traders that the

Dollar steady after FOMC minutes

FXstreet.com — Wed, 15 Jul 2009 18:19:00 GMT

FXstreet.com (Córdoba) – Wall Street continues to rise after the FOMC minutes. The Dow Jones is above 8500 up more then 2.50%. The Dollar remains steady. USD/JPY fell from 94.40 to 94.25 after the release; but the pair is still up more than a hundred pips for the day. EUR/USD rose to 1.4133 reaching a fresh 2-week high but rebounded and fell to current level at 1.4116. GBP/USD is still moving in a range between 1.6405 and 1.6440 up 0.60% from today’s opening price.

For more information, read our latest forex news.

USD to CAD - Daily Chart

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 17:26:09 GMT

Yesterday's daily chart for the usd to cad pair hinted at the dollar carnage that we are currently witnessing with yesterday's candle ending the session as a wide spread down bar closing well below both the 9 and 14 day moving averages but marginally above the 40 day where it seemed to have a modicum of support. With greater risk tolerance returning to the markets on the back of the Goldman Sachs results and better than expected fundamental news on the economic calendar for the US Dollar

Forex: EUR/USD pulls back after posting 2-week high at 1.4118

FXstreet.com — Wed, 15 Jul 2009 17:09:00 GMT

FXstreet.com (Córdoba) – EUR/USD has pulled back below 1.4110 after reaching a 2-week high at 1.4118. The pair rallied earlier in the day but during the American session the pair is steady moving sideways. So far today EUR/USD is 0.87% above today’s opening price. Markets in Europe jumped today and Wall Street is also rising with main indexes showing an increase of more than 2% motivating a Dollar and Yen sell off.

According to Anna Couling, technical analyst at Master the Markets: “This morning's surge in the Euro therefore came as no great surprise and was largely triggered by better than expected fundamental news on the economic calendar in the US, and provided welcome relief to the range bound region of the last couple of weeks. However, having seen these attempted break outs before we need to see this move validated and sustained over the next few days, and only a break and hold above the 1.43 price region will confirm whether the Euro bulls are back in charge.”

For more information, read our latest forex news.

USD to JPY Daily Chart

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 17:03:44 GMT

Yesterday's candle on the daily chart for the yen to dollar pair finished the day with a wide spread up bar confirming the tweezer bottom trading pattern outlined in Monday's market commentary (for once it feels very satisfying to be right) and this momentum has carried through today's trading in both the London & NY sessions, having broken through the 9 day moving average. However, we need to trade this mini reversal with care as we are now beginning to approach the strong

Today's Live Show: The New NFA Rules Explained- Pros and Cons for Forex Traders

trader@allthingsforex.com (AllThingsForex) — Wed, 15 Jul 2009 16:57:47 GMT

Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, education, live traders forum, interviews with some of the most respected names in the trading world, and much more.. In the broadcast today: The New NFA Rules Explained- Pros and Cons for Forex Traders. We ask the expert Mr. Zach Schweder, Compliance Manager at PFG Best, to explain in detail the new NFA rules, what are some

USD at one month low as positive earnings fuel optimism

info@easy-forex.com (Easy Forex) — Wed, 15 Jul 2009 16:55:06 GMT

USD: Lower, equity markets rise in reaction to better than expected earnings at Intel JPY: Lower, BOJ holds rate policy steady, limits expansion of quantitative ease, pressured in cross trade EUR :Higher, EU annual inflation falls in June, Constancio says interest rates are at appropriate level GBP: Higher, claimant count rises less than expected, unemployment at the highest level since 1995 CAD and AUD: AUD & CAD higher, tracking equity markets and higher crude

U.S Market Update

sales@tradethenews.com (TradeTheNews.com) — Wed, 15 Jul 2009 16:38:40 GMT

- Strong industrial surveys coupled with volume levels trending toward normal, Intel's quarterly earnings and fresh strength in financials ahead of big reports from the sector on Friday are buoying the leading US equity indices. The July Empire Manufacturing survey came in dramatically better than expected (-0.55 v -5.00e), with both the prices paid and new orders sub indices flipping positive, while the Fed's June Industrial Production data crept even closer to positive. Master trust data from

Currency Markets - Afternoon Session

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 16:35:56 GMT

Currency Markets - European Trading Session Cable moved higher this morning, to reach 1.6465, a new high for the month, but the Dollar was weak across the board with the euro vs dollar finally breaking the 1.4050 level clearly, to trade close to 1.4100, with the usd vs chf falling as a consequence, reaching a low of 1.0755. There was little two way flow seen this morning and trading interest was fairly low, indicating that short positions were simply closed and traders may stay sidelined for

U.S. Update: Optimism back ahead of FOMC

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 15 Jul 2009 16:06:21 GMT

What happened in Asia Despite Intel Corp. reported greater-than-expected revenues in the April-June period, and forecast further gains in the current quarter, risk appetite remain subdue in Asian session, with Asian equity markets rising slightly. Dollar and Yen hedged down against major rivals, still trading inside past days ranges. What happened in Europe News in the U.K. supported the pound that rose to 1.6467 after unemployment claims rose the least in a year in June, adding to evidence

Chart of the Day – USD/JPY

info@fxsol.com (FX Solutions) — Wed, 15 Jul 2009 15:44:57 GMT

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.) 7/15/2009 – USD/JPY – Bullish price action in the last few trading days on USD/JPY, a daily chart of which is shown, rebounded off the bottom border of a parallel downtrend channel, and has just reached major resistance in the 94.00 price region as of

Comprehensive FX and Futures Daily Research

info@fastbrokers.com (FastBrokersFX) — Wed, 15 Jul 2009 15:38:35 GMT

Daily Market Commentary EUR/USD Rallies Nicely Despite Slight Contraction in Headline CPI The EUR/USD is registering a sizeable pop following Tuesday’s consolidation. The upward movement comes sans abnormal volume, and we’ve yet to witness sizable action to the upside, perhaps today? Investors are likely hesitating after this week’s economic data failed to impress. Though today’s headline EU CPI met analyst expectations, CPI has turned negative for the first time since the beginning of the

Risk appetite return sees dollar on its knees

info@interactivebrokers.com (Interactive Brokers LLC) — Wed, 15 Jul 2009 15:34:17 GMT

Pro-growth currencies are off to the races led by a 1.6% gain for the Australian dollar and a 1.3% gain for the Canadian dollar. More and more markets reflect increasingly optimistic signs that the recovery is back on its legs after stellar earnings and signs of increasing consumer demand have turned back a wave of earlier worries. The euro is in rally mode today partly aided by a decline in demand for the safety of dollar and yen denominated assets. The rise in the

EUR vs USD Daily Chart

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 15:20:10 GMT

Yesterday's price action on the euro vs dollar daily chart was simply more of the same sideways consolidation in a very narrow trading range with the daily candle ending the trading session with a deep lower wick and small body, suggesting that the bulls were gradually gaining the upper hand once again. Indeed this was a re-run of Monday's candle which was almost identical. This morning's surge in the Euro therefore came as no great surprise and was largely triggered by better than

Alpari Group announces advanced trading platforms Alpari Direct Pro and Alpari Direct

FXstreet.com — Wed, 15 Jul 2009 15:15:00 GMT

Alpari, one of the world’s fastest growing providers of online foreign exchange (FOREX) services, will launch two advanced trading platforms by the end of August, offering high-speed and direct access to the international currency market for Alpari clients and other institutional and retail customers. Powered by trading technology provider Currenex®, Alpari Direct Pro will be offered to institutional clients while Alpari Direct will be offered to retail customers.

True to Alpari’s commitment to providing clients with institutional-level services, both platforms will feature Straight Through Processing (STP), Non Dealing Desk execution (NDD), 1 click Executable Streaming Prices (ESP), accurate pricing with fractional pips and integrated algorithmic models that enable enhanced levels of execution. These features will ensure high speed and low latency execution and will empower traders to optimize market impact and reduce execution costs. An integrated Dow Jones feed will keep users up-to-date with current news.

Further to this, Alpari Direct Pro, the execution interface for institutional clients, will provide traders with access to a deep liquidity pool, which aggregates feeds from over 60 global banks and multiple Electronic Communications Networks (ECNs). Alpari Direct Pro shows traders the full market depth and also features 24 order types (including advanced orders such as pegged orders), which empower traders to take control of order timing and execution. In addition, this institutional platform offers intuitive and fast keypad trading capabilities, pre- and post-trade allocation solutions, trade averaging capabilities and sophisticated order management, allocation and advanced reporting tools.

Alpari’s platforms are created using Currenex technology. Currenex is a recognized and award-winning leader in providing trading solutions to the active-trading segment of the FX market.

Commenting on the new platforms, Andrey Vedikhin, Co-Founder of the Alpari Group, said: “Alpari Direct Pro and Alpari Direct represent another step towards Alpari’s goal of providing an institutional level trading experience for all. Alpari now provides its clients with one of the most comprehensive selections of advanced trading tools, expert educational resources and responsive customer services available from any online FX trading provider.”
For more information, read our latest forex news.

MIG Investments - The Road to F1 Forex Championship

FXstreet.com — Wed, 15 Jul 2009 15:07:00 GMT

MIG Investments introduces The Road to F1 Forex Championship, where traders can test their FX trading skills against other traders on a virtual Championship Account on the MIG Trading Station. The winner secures a trip for two to Abu Dhabi, the final Formula One race of the 2009 season.

This unique experience includes fine accommodation and round trip tickets to Abu Dhabi for two, plus VIP tickets to the Formula One Paddock Club, where you and your guest will have a privileged view of the race AND bask in the luxuriousness of the Paddock Club, with entertainment, fine wines, an assortment of delicacies and gourmet luncheon, and much more.

Get ready to beat the competition in The Road to F1 Forex Championship! Go to our dedicated Championship site and Sign up for your virtual Championship Account.

The Championship begins at 00:00 CET on September 1st 2009, and extends throughout the month of September, ending on September 30th at 23:59 CET – check the Championship Countdown online.
For more information, read our latest forex news.

Russia: Industrial activity at a trough

danskeresearch@danskebank.com (Danske Bank A/S) — Wed, 15 Jul 2009 14:49:08 GMT

Russia’s June industrial activity fell 12.1% y/y, but was up 4.5% m/m (nonseasonally adjusted). The number was better than expected and suggests that the industrial sector is beginning to stabilise as suggested by the recent rise in PMIs. However, the recovery is expected to materialise only gradually. The Russian manufacturing sector has been one of the hardest hit in the Central and Eastern European region, as the massive fall in oil prices has taken its toll on activity amid much tighter

The base metal complex is opening in positive territory

danskeresearch@danskebank.com (Danske Bank A/S) — Wed, 15 Jul 2009 14:45:52 GMT

Commodity news Yesterday’s release of Q2 earnings reports from Johnson & Johnson, Goldman Sachs and Intel surprised the markets positively and boosted risk sentiment, which sent equities and commodities higher. US retail sales also came out stronger than expected. API data yesterday showed a fall in crude and gasoline inventories, contrary to last week’s observations. The release of DOE data this afternoon will probably draw significant attention. Bloomberg expectations are as follows:

US EIA Crude Oil Stocks decrease 2.8M

FXstreet.com — Wed, 15 Jul 2009 14:32:18 GMT

FXstreet.com (Barcelona) For more information, read our latest forex news.

Forex: USD/JPY jumps and approaches to 94.00

FXstreet.com — Wed, 15 Jul 2009 14:31:00 GMT

FXstreet.com (Córdoba) – USD/JPY broke above 93.75 after testing the zone several times during the day. The pair is now at 93.95 near 94.00 rising more than 50 pips in a few minutes. The Dollar erased early losses and now is rising 0.35% from today’s opening price. The Yen is also weaker against European currencies.

David Solin, analyst at FXA.com, sees the pair moving downside in the longer term: “Longer term, the bearish view over the last few months remains in place as the April 6th high at 101.40 is seen as completing the whole correction from the Dec/Jan lows at 87.15, and with eventual declines back to 87.15 and even below still favored. “ He also affirms “however, will also be looking for signs of a more important bottom on a break below the 87.15 lows, as further downside may be limited and short-lived.”

For more information, read our latest forex news.

US Dollar Index - Daily Chart

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 14:23:26 GMT

This morning's price action in the US Dollar Index has perhaps provided us with a portent of the fate of the US Dollar in the short term as the recent sideways consolidation begins to unwind and the Dollar Index begins to roll over like a stricken vessel, to sink quietly below the waves. Yesterday's candle struggled to break above all three moving averages and ended the day in a compressed trading area and perhaps signalling that a breakout was imminent, which is occurring at the time of

GBP/USD correcting 3 day rally

FXstreet.com — Wed, 15 Jul 2009 14:15:00 GMT

FXstreet.com (Buenos Aires) – After a three-day rally GBP/USD halted at 1.6467 where the pair started a short term correction, that could extend to 1.6415 zone before pair resume up trend again. Above today’s high, rally could extend to 1.6500/20 level before an important correction takes place. Under mentioned 1.6415, 1.6350 should hold in order to keep the bullish bias intact.

GBP/JPY breached above 154.00 hitting 200 EMA in 4 hours charts at 154.20. Despite over bought in smaller time frames, pair has no signs of correcting yet. Confirmation above that level should accelerate the upside with next resistances at 154.90 and above, 155.30 July 7th daily high. Supports from actual price come at 153.40 and 152.80 area.

For more information, read our latest forex news.

Wall Street open higher on signs of economic recovery; Dollar under pressure

FXstreet.com — Wed, 15 Jul 2009 14:13:00 GMT

FXstreet.com (Barcelona) - Stocks market in US are rising today's after its opening bell following the wave of green numbers in European and Asian markets. Risk appetite has turned today after the optimism in earning reports and better than expect US data, Dollar is under pressure.

Dow Jones is rising 1.35% so far today to climb above 8.450 level, S&P 500 jumps 1.70% and Nasdaq climbs 2.15%. Oil barrel is trading around $60.80, 2.15% above opening price, Gold rises 1.63% to trade close to 937.80.

U.S. CPI jumped to 0.7% after printing 0.1% previous month, while Core CPI come out as expected at 0.2% .Empire State Manufacturing Index print a -0.6 from a previous reading of -9.4, triggering more optimism in market and sending dollar and yen down across the board.

Industrial production decreases just 0.4% in Jun from 1.1% drop posted in May, a better than expected 0.6% decline data. Capacity utilization fallen to 68.0% in June, above of 67.8% expected by market but less than 68.3 published in May.

Dollar is under pressure by the risk appetite and markets higher, EUR/USD has risen 40 pips from 1.4058 to test 1.4100 level. Currently the pair is slightly lower, trading around 1.4080/90, 0.75% above today's opening price. GBP/USD is rising 0.65% to post 1-week high at 1.6467.

USD/JPY has recovered its initial losses to post 93.80 as 1-week high and posting 0.15% daily gains. USD/CHF has fallen 1.00% so far today to tests 1.0750 level.
For more information, read our latest forex news.

USDJPY: Maintaining Corrective Recovery

m.isah@fxtechstrategy.com (FXTechstrategy) — Wed, 15 Jul 2009 13:50:50 GMT

HIGHLIGHTS: USDJPY: Maintaining Corrective Recovery - Following a second-day of upside gains on Tuesday, outlook now remains to the upside towards the 93.89 level, its May 22’09 low. GBPUSD: Still Targeting Its Minor Resistance - With mild upside gains seeing the pair following through on its Monday strength on Tuesday, our call for a recapture of its minor resistance resting at the 1.6379 level, its July 09’09 high remains in force. USDJPY USDJPY: Maintaining Corrective Recovery. USDJPY:

Forecast on JPY Crosses - Update for US Session

info@precisetrader.com (Precise Trader) — Wed, 15 Jul 2009 13:40:18 GMT

EURJPY EURJPY is trading well above the open and above Monday High . The price is making Higher highs on the Hourly Chart . The Price is trading above Resistance Zone 1 with the low shy of 10 pips of our Support Zone 1. The Hourly Oscillators are bullish but weak and price is well above the MA, so bulls have to be Cautious. The price is approaching the U turn Zone and we believe the price might be choppy. Conservative traders to be Sidelined and wait for better trading opportunity and

Forex: EUR/USD rises further to test 1.4100

FXstreet.com — Wed, 15 Jul 2009 13:29:00 GMT

FXstreet.com (Barcelona) - Dollar is under pressure today on risk appetite on good fundamental news and earning reports. Euro is enjoying it and the EUR/USD has risen around 120 pips from 1.3980 in the beginning of the Asian session to post 1-week high at 1.4102 after the better than expected US inflation, manufacturing and industrial production data.

The last hour, EUR/USD has risen 40 pips from 1.4058 to test 1.4100 level. Currently the pair is slightly lower, trading around 1.4080/90, 0.75% above today's opening price.

U.S. CPI jumped to 0.7% after printing 0.1% previous month, while Core CPI come out as expected at 0.2% .Empire State Manufacturing Index print a -0.6 from a previous reading of -9.4, triggering more optimism in market and sending dollar and yen down across the board.

Industrial production decreases just 0.4% in Jun from 1.1% drop posted in May, a better than expected 0.6% decline data. Capacity utilization fallen to 68.0% in June, above of 67.8% expected by market but less than 68.3 published in May.

Rajoo C, analyst at Precise Trader, comments: "The price is making higher highs on the Hourly Chart and today might be an Up day. The Price has breached the Resistance Zone 1 with the low being 25 pips shy of our Support ZONE 1. The Hourly Oscillators are bullish and price is above the MA, so the bears have to be Sidelined. The patterns are bullish any pull back will be a good place to long while 14040-14005 levels hold. Conservative traders should look to Long on pullbacks near 14005 level with tight Stop while Aggressive traders also be doing the same with 13960 as Stop loss. The price is expected to test at least 14120-14160 level before any significant turn."

For more information, read our latest forex news.

Forecast on USD Minors - Update for US Session

info@precisetrader.com (Precise Trader) — Wed, 15 Jul 2009 13:26:19 GMT

USDCHF USDCHF is trading well below the open and below Monday low . The price is making lower lows on the Hourly Chart . The Price is trading below Support Zone 1 with the high shy of 25 pips shy of Resistance Zone 1. The Hourly Oscillators are bearish and price is below the MA, so bulls have to be Sidelined. The price is testing the U turn zone but any pull back should not go beyond 10805-10860 level. The patterns are pointing lower any pull back should be a Shorting opportunity. Conservative

The dollar weakened over 1% against the AUD, NZD, and CAD

sam.bullard@wachovia.com (Wachovia) — Wed, 15 Jul 2009 13:24:56 GMT

Yesterday, Goldman Sachs posted its most profitable quarter ever and retail sales rose. As risk aversion eased, the dollar weakened over 1% against the AUD, NZD, and CAD. Today, the dollar and yen are down against every major currency as the demand for safe-haven currencies has diminished. Commodity linked currencies, ZAR, AUD, NZD, and CAD, are all up against the dollar as commodity prices increase. Also, contributing to the AUD strength was a statement from the Reserve Bank of Australia

Forex: Swiss Franc recovers further against USD and EUR

FXstreet.com — Wed, 15 Jul 2009 13:24:00 GMT

FXstreet.com (Córdoba) – The Swiss Franc is rising against the Dollar and the Euro so far today, despite a weak retail sales report release during the European session. USD/CHF plunged to 1.0750 reaching an intra-week low. The pair has lost yesterday’s gains and more. On Monday USD/CHF broke above 1.0900 but failed to consolidate and begun to fall. Currently the pair is rebounding from the support at 1.0750. Actual price at 1.0765/70 is 1.00% below today’s opening price. On the downside the next support lies at 1.0705 (July 1 lows).

Against the Euro, the Swissy is also rising, recovering after plunging yesterday to the lowest level since July 3. EUR/CHF is back below 1.5200 and fell finding support at 1.5160.

For more information, read our latest forex news.

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Wed, 15 Jul 2009 13:23:11 GMT

EUR/USD Current price: 1.4094 Pair regained the upside mounted on increasing optimism and reached the 1.4100 zone. Over bought in the hourly, no clear signs of reversal yet. General bias remains bullish for the pair, with 1.4135, daily descendant trend line as key resistance level to consider. If above today’s rally could extend to as far as 1.4170 zone before starting a correction. Support levels: 1.4060 1.4020 1.3980 Resistance levels: 1.4110 1.4135 1.4170 GBP/USD Current price: 1.6460

The Pound is undervalued and May strengthen against the Euro, RBC say

support@finotec.com (Finotec Group Inc.) — Wed, 15 Jul 2009 13:19:50 GMT

The Sterling may strengthen against the euro in the near to medium term, according to RBC Capital Markets, which cited comments by Bank of England policy maker Adam Posen. Sterling may rise against the euro “over the next couple of years,” Posen told Parliament’s Treasury Committee in London yesterday. “In the immediate term, there’s a potential that slower action on monetary policy from the ECB than the BOE could lead to an interest-rate gap and push up the euro,” he said. The “pound took

US Jun Industrial Production falls 0.4%

FXstreet.com — Wed, 15 Jul 2009 13:17:15 GMT

FXstreet.com (Barcelona) For more information, read our latest forex news.

USD lower as Intel earnings beat expectations

info@easy-forex.com (Easy Forex) — Wed, 15 Jul 2009 13:12:24 GMT

FX Highlights USD is trading lower pressured by improving risk sentiment as equity markets rise in Europe and the US in reaction to better earnings reports at Intel, Goldman Sachs and Johnson & Johnson, commodity currencies rise on improving optimism about the global recovery and rising price of crude oil, focus turns to today's release of US CPI, industrial production, capacity utilization Empire Manufacturing survey and FOMC minutes BOJ holds rate policy study as expected, extends

Trader Appetite for Risk Buoys Equities and Metals

info@forexhound.com (ForexHound.com) — Wed, 15 Jul 2009 13:05:40 GMT

The September Euro is trading higher overnight driven by increased appetite for risk. Global equity markets are trading better which is leading investors to seek higher yields in more risky currencies like the Euro. Demand for higher yielding assets has been putting pressure on the September Eurodollar. Since reaching a peak at 99.47 late last week, the Euro has been met with profit-takers who have decided to shift their funds out of one of the lowest yielding investment vehicles

London Gold Market Report

info@bullionvault.com (BullionVault.com) — Wed, 15 Jul 2009 13:04:03 GMT

Gold Gains for 5th Day Running as "Risk Appetite" Boosts Stocks Despite Data The PRICE OF PHYSICAL GOLD pushed higher once more early Wednesday, rising to its best level since July 2nd at $938 an ounce as world stock market also rose yet again and the United States reported faster-than-expected consumer price inflation. Frankfurt's Dax index of German stocks gained nearly 2% despite worsening jobless data. Government bond prices fell, pushing yields higher, as US crude oil contracts moved

Forex: USD/CAD falls further to post 1.1222, fresh 1-month low

FXstreet.com — Wed, 15 Jul 2009 13:04:00 GMT

FXstreet.com (Barcelona) - Canadian Dollar has continued with its strengthening against the US Dollar today's session qith the pair fallen further to post 1.1222 as fresh 1-month low after falling 120 pips from 1.1344 in the European session. Currently the pair is trading around 1.1225/35, posting 1.00% daily losses from opening price.

USD/CAD is trading low after rejecting the 1.1660 resistance level in July 13, on the week, the pair has fallen 3.55% from Monday opening price at 1.1620.
For more information, read our latest forex news.

If you can't spot it, don't trade it

editor@traders-journal.com (The Trader's Journal) — Wed, 15 Jul 2009 13:00:07 GMT

This article is taken from the Trader's Journal magazine (May 2009 issue) The author, Gabe Velazquez , is a professional trader with 14 years of experience. His focus is intra-day and swing trading the TF (Russell 2000 E-Mini) using technical analysis as his primary tool. Gabe has managed stocks and futures accounts and has conducted educational seminars on technical analysis for the past ten years. He is a frequent guest on Biz radio, where he shares his market knowledge and utilization of

Forecast on USD Majors - Update for US Session

info@precisetrader.com (Precise Trader) — Wed, 15 Jul 2009 12:59:57 GMT

EURUSD EURUSD is finally breaking out of trading range and is trading well above the open and above Monday High. The price is making higher highs on the Hourly Chart and today might be an Up day. The Price has breached the Resistance Zone 1 with the low being 25 pips shy of our Support ZONE 1. The Hourly Oscillators are bullish and price is above the MA, so the bears have to be Sidelined. The patterns are bullish any pull back will be a good place to long while 14040-14005 levels hold.

Faith-Based Economics

editor@traders-journal.com (The Trader's Journal) — Wed, 15 Jul 2009 12:58:23 GMT

This article is taken from the Trader's Journal magazine (May 2009 issue) The author, John Mauldin , is Millennium Wave Investments president and a recognized expert and leader on investment issues; he is primarily involved in private money management, financial services and investments. John is a prolific author, writer and editor of the popular “Thoughts from the Frontline” e-letter that goes to over 1,000,000 readers weekly, and is posted on numerous independent websites. He is a frequent

Currency Currents

jcrooks@blackswantrading.com (Black Swan Capital) — Wed, 15 Jul 2009 12:56:48 GMT

Key News • China’s foreign-exchange reserves, the world’s biggest, topped $2 trillion for the first time. (Bloomberg) • The German manufacturing sector's work force decreased by 2.3 percent in the year to May, its sharpest decline in five years, government data showed Wednesday. (AP) • UK unemployment climbed by a record 281,000 to hit 2.38 million in the three months to May, the highest level since October 1995. (Times) • UK consumer price index fell to an annual 1.8% in

Forex - Strong Corporate Earnings Give Risk Correlated Assets a Boost

support@ac-markets.com (ACM - Advanced Currency Markets) — Wed, 15 Jul 2009 12:55:57 GMT

Forex News and Events: FX markets are continuing to respond well to the resurgence of risk appetite with risk corrolated currencies moving lock-n-step. The recent catalyst was the better than expected Goldman Sachs second quarter results. This pushed US equities higher (although still down for the month) and continues to resonate positively across asset classes. Crude wti prices are up 1.50% to $60.44bll, while gold traded shortly above $936.00oz before retracing slightly. The EURUSD continues

Forex: USD/JPY rises to 93.65 after US data

FXstreet.com — Wed, 15 Jul 2009 12:55:00 GMT

FXstreet.com (Córdoba) – USD/JPY rose after the release of better-than-expected manufacturing data. The pair rose from 93.35 to 93.65 in a few minutes following the report. Now the pair is pulling back but is still above previous levels. USD/JPY has a strong resistance at 93.75, if it breaks above Dollar could gain momentum and rise further. On the downside, support lies at 93.25 (intra-day low); 93.00 and 92.70 (July 14 low).

According to the Swiss e Trade Strategy Team: “Against the yen, the dollar gained more territory in Asian trading and continues to gain in the early European hours, currently trading at 93.50. We think that trend will continue in today’s trading, leading the market up to levels around 94.20.”

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Daily Oil Prices

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 12:51:42 GMT

The much vaunted Goldman Sachs second quarter figures certainly lived up to expectations, injecting some much needed optimism into the markets as well as speculation that a degree of risk tolerance may be also be returning. However, as far as far as the oil market is concerned it is EIA stats due out later today which should give us some idea for the short direction of crude oil prices. From a technical perspective yesterday's price action on the oil chart gave the oil bulls some hope as

Rising risk appetite buoys energy, metals and equities

sales@tradethenews.com (TradeTheNews.com) — Wed, 15 Jul 2009 12:39:05 GMT

European Market Update: Rising risk appetite buoys energy, metals and equities; weakens USD sentiment ECONOMIC DATA - (TH) Thai Benchmark Interest Rate leaves interest rates unchanged at 1.25%, as expected - (EU) June EU 25 New Car Registrations: +3.0% v -4.4% prior; first increase in 14 months - (JP) Japan June F Machine Tool Orders Y/Y: -72.8% v -73.1% prior - (HU) Hungarian May F Industrial Output M/M: 2.6% v 2.6% prior, Y/Y: -22.1% v -22.1% prior - (CZ) Czech June PPI (Industrial) M/M:

Canada Manufacturing Shipments down 6% in May

FXstreet.com — Wed, 15 Jul 2009 12:37:23 GMT

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US Jul NY Empire State Manufacturing Index improves to -0.55 vs -9.41

FXstreet.com — Wed, 15 Jul 2009 12:36:04 GMT

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Dollar data better than expected

FXstreet.com — Wed, 15 Jul 2009 12:34:00 GMT

FXstreet.com (Buenos Aires) – U.S. CPI jumped to 0.7% after printing 0.1% previous month, while Core CPI come out as expected at 0.2% .Empire State Manufacturing Index print a -0.6 from a previous reading of -9.4, triggering more optimism in market and sending dollar and yen down across the board.

EUR/USD reached 1.4100, while GBP/USD spike to 1.6445. Good news send American futures up, supporting a quick rise in European currencies.

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US Jun CPI up 0.7% MoM, down 1.4% YoY

FXstreet.com — Wed, 15 Jul 2009 12:33:20 GMT

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Equities Bolstered as Intel Soars on Solid Earnings

sales@tradethenews.com (TradeTheNews.com) — Wed, 15 Jul 2009 12:30:49 GMT

Asian Market Update: Equities Bolstered as Intel Soars on Solid Earnings; BOJ Extends Bond/CP Buying Program by 3 Months, Cuts FY09-10 GDP Forecasts - Asian equity markets are unanimously in the green with the earnings baton passed from the financials' high-flier Goldman to the tech bellwether Intel. Reporting after close, Intel followed Goldman suit with a blowout round of Q2 results (Reports Q2 $0.18 v $0.08e, R $8.0B v $7.28Be) that sparked broad-based buying overseas, helping the tech

Forex: GBP/USD rises further above 1.6425

FXstreet.com — Wed, 15 Jul 2009 12:24:00 GMT

FXstreet.com (Córdoba) –Cable keeps rising against the Dollar. GPB/USD reached an intra-day high at 1.6435, which is the highest price since July 2 and is 0.65% above today’s opening price. The pair recently broke above resistance zone at 1.6410; the next one is located at 1.6460 and above at 1.6500. GBP/USD bottomed during the Asian session at 1.6300 but rebounded fast to the upside and now is 120 pips above intra-day low.

According to the Swiss e Trade Strategy Team: “The pound is still acting strong against the dollar in the early European trading hours, currently priced around 1.6370, from lows around 1.6000 yesterday. We expect this strong market behavior to continue today, even breaking the 1.6450 resistance level.”

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US Morning Briefing

info@ransquawk.com (RANsquawk) — Wed, 15 Jul 2009 12:18:28 GMT

Overnight News Asia: The JGB’s edged up rebounding towards a 3-1/2 month high as some investors searched for bargains following the previous day’s market fall ahead of an auction of five-year notes. AT 0615 BST JGB’s were trading at 138.65 (+0.11). In equities, the Nikkei was flat in Wednesday, giving up earlier gains made on upbeat results from Goldman Sachs and Intel after investors grew cautious ahead of more earnings in the US and Japan. The BOJ voted unanimously to extend its corporate

FX Thoughts for the Day

info@kshitij.com (Kshitij Consultancy Service ) — Wed, 15 Jul 2009 12:16:10 GMT

USD-CHF @ 1.0774/77...May dip towards 1.0680 R: 1.0850 / 1.0920-39 / 1.0977 S: 1.0700-0680 / 1.0600 Dollar-Swiss has fallen sharply during the day and even lower than the Projected Max Low for the day mentioned in the morning. Having broken below the short term range of 1.0789-1.0920, a further fall towards 1.0650 could be in the offing. Medium term range for the pair (1.0680-1.1050) that we have been mentioning over the last several days looks good to hold. And till this holds, one may trade

Currency Technical Report

trading@fxgreece.gr (FXGreece) — Wed, 15 Jul 2009 12:11:45 GMT

EUR/USD Resistance: 1,3980-00 / 1,4015-30 / 1,4080-00 / 1,4130-50 Support : 1,3880-00 / 1,3830-40 / 1,3780-00 / 1,3730-50 Comment: Euro moved within a tight range yesterday, closing negative at 1,3980-00 area. Our first target from the downward move at 1,3930-50, were reached and bulls gained momentum leading euro above 1,4000-20 resistance. Today’s sharp rise reached the area of 1,4050-70, where previous tops were formed and the retracement we expected could lead back to 1.4000-20 area. In

Spot Silver Prices

anna@trading-online-help.com (Master The Markets) — Wed, 15 Jul 2009 11:59:45 GMT

Spot silver prices too moved higher yesterday, touching an inter day high of $13.00 per ounce on the silver chart before falling back to settle at $12.90 on the day. This move higher was partly as a result of a rally in copper prices, which as has been said many times before, is the bellwether for the industrial metals sector and partly as a result of creeping optimism on the back of the Goldman Sach's results. From a technical perspective yesterday's up candle partially confirmed

EUR/USD above daily high

FXstreet.com — Wed, 15 Jul 2009 11:54:00 GMT

FXstreet.com (Buenos Aires) – EUR/USD has retested daily high and surpass it for some pips, but failed to extend the rally for now. Fresh intraday high at 1.4086, finds the pair over bought in the hourly, suggesting a short term downside correction before next up leg. 1.4040/50 zone should keep the downside capped to see the pair extend the rally.

First major resistance comes at 1.4135, daily descendant trend line coming from the 1.4337 highs. If the pair manages to close the day above such level, it could well resume uptrend in the midterm, with 1.4170 as immediate resistance to consider today.

For more information, read our latest forex news.

EURUSD oscillates around 1.40

Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG) — Wed, 15 Jul 2009 11:30:24 GMT

EURCHF stabilizes close to 1.50 Yen stronger – renewal of mounting uncertainty US dollar The EURUSD has continued its volatile sideways movement around 1.40 in the last two weeks. After the ECB’s announcement to leave interest rates unchanged, the USD strengthened until 1.385 vs. the euro, but has come back since then. Today’s release of US retail sales indicates that the US should overcome the recession sooner than the Eurozone, but this has to be put in the context of the massively

Forex: AUD/USD rises to post 1-week high at 0.7997

FXstreet.com — Wed, 15 Jul 2009 11:29:00 GMT

FXstreet.com (Barcelona) - AUD/USD has risen 0.60% so far today from opening price to break 0.7950 resistance in the Asian session and to post 0.7997 as fresh 1-week high. Aussie is continuing with its recovery from 0.7703, July 13 low.

Gold is rising too, trading 0.86% above today's opening price, around 930.65/75.

Rajoo C, analyst at Precise Trader, commented this morning: "Daily Trend is Sideways while 8060 holds, so expect the price to be choppy with an upside limited. The patterns are choppy but pointing higher with an upside limited. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders should look to Short near the daily level with a tight stop."
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Weekly Classical Technical Outlook

research@dailyfx.com (DailyFX) — Wed, 15 Jul 2009 11:17:53 GMT

Euro price action remains choppy; 100-Week SMA key Dollar/Yen eyes retest of critical trend lows Cable bearish reversal week could open deeper setbacks Dollar/Swiss carving out meaningful base Dollar/Cad gains seen extending to previous support turned resistance Australian Dollar stalling by longer-term moving average New Zealand Dollar supported by 10-Week SMA for now EUR/USD – The market remains locked in a multi-day consolidation since positing fresh 2009 highs by 1.4340 back in early June.

GBP/USD pushing higher

FXstreet.com — Wed, 15 Jul 2009 11:02:00 GMT

FXstreet.com (Buenos Aires) – Close to daily high, GBP/USD regained the upside after U.K. disappointing data and continues pushing higher. Technically, daily charts suggest the pair has room to advance as the pair is breaking above the 20 SMA around 1.6350 and first support to consider for the next hours. With 1.6410 zone as first resistance to consider, confirmation above that level could resume uptrend and send the pair to 1.6460 zone ahead of stronger 1.6500 level. Supports under mentioned 1.6350 come at 1.6320 and 1.6280 zone.

Against Euro, Gbp quotes at 0.8585 with 0.8600, 20 SMA in the hourly as first resistance for next hours. Slightly bullish, break above that level will find resistances at 0.8630 and 0.8670. Supports today lie at 0.8560 and 0.8535.

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US MBA Mortgage Applications rise 4.3% in Jul 10 week

FXstreet.com — Wed, 15 Jul 2009 11:01:51 GMT

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Dollar down as optimism resurges

FXstreet.com — Wed, 15 Jul 2009 10:38:00 GMT

FXstreet.com (Buenos Aires) – Dollar is down across the board as better than expected second quarters reports trigger some optimism in stocks market. However, currencies remain within their recent ranges as investors are cautious ahead of today’s FOMC minutes, and economic data due later today. Disappointing euro zone data also keeps investors cautious about a global economic recovery, keeping stocks markets subdue and so currencies.

Despite that, dollar and yen remain slightly bearish against major rivals, with European and commodity currencies consolidating close to daily highs against greenback. EUR/USD at 1.4055, needs to breach above 1.4075 highs to extend gains to daily descendant trend line around 1.4110.

For more information, read our latest forex news.

Forex: USD/CAD falls to test 4-week low

FXstreet.com — Wed, 15 Jul 2009 10:12:00 GMT

FXstreet.com (Barcelona) - After posting 1.1301 as 4-month low in the early European session and bouncing slightly to 1.1325, USD/CAD has fallen close to low levels. Currently the pair is trading around 1.1305/15, 0.20% below today's opening price action.

USD/CAD is continuing with its decline from 1.1671, July 13 high, despite OPEC has said that they want a oil barrel close to $55.00 level. Oil barrel is rising 1.40% so far today to trade above $60.30.

Rajoo C,analyst at Precise Trader, commented this morning: "The Hourly Oscillators are bearish but over sold and the price is below the MA, so Cautious approach is needed for the bears. Hourly Trend is Sideways while 11480 holds and Daily Trend is Sideways Down while 11730 holds, so expect the price to make lower lows but the downside may be limited as the price is approaching target. The patterns are choppy and pointing lower but downside may be limited. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders should also do the same until the market turns up."

For more information, read our latest forex news.

USD/JPY consolidates

FXstreet.com — Wed, 15 Jul 2009 10:04:00 GMT

FXstreet.com (Buenos Aires) - USD/JPY remains consolidating in a small range close to yesterday’s high and holding above the 93.22 area. Slowly regaining the upside, break above 93.75 is set to extend the rally to the 94.10 zone, ahead of stronger 94.60 level; this last will be key as a rebound in that zone, could signal the resume of the down trend. To the downside, supports lie at the mentioned 93.25, 93.00 and 92.80.

Yen crosses also regained the upside with EUR/JPY quoting around 131.55 and quite bullish in daily charts. 131.70 and 132.50 are next resistances to consider while supports lie at 131.00 and 130.40 GBP/JPY, above 153.00 has support at 152.40, 23.6% retracement of the last weekly rally 118.77/ 162.57 followed by the 151.50 zone while resistances lie at 154.00 and 154.82.

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Forex: EUR/USD resumes its advance after June EU CPI

FXstreet.com — Wed, 15 Jul 2009 09:14:00 GMT

FXstreet.com (Barcelona) - After posting 1.4070 as intra-day high in the early European morning and sliding close to 1.4035, Euro has resumed its advance against the Dollar after the June Eurozone CPI data. EUR/USD has risen above 1.4050 again, posting 0.55% daily gains from opening price.

Consumer price index has risen 0.2% in June, as expected and above 0.1% increases in May. Yearly, CPI has declined 0.1% in June, as expected too but below of May prices, which yearly data was unchanged. Core yearly CPI rose 1.4% in June, below of May data and expectations of 1.5% Inflation.
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Euro Zone CPI rises 0.2% MoM in Jun, falls 0.1% YoY

FXstreet.com — Wed, 15 Jul 2009 09:02:24 GMT

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Forex: GBP/USD reacts down after UK bad Unemployment data

FXstreet.com — Wed, 15 Jul 2009 08:44:00 GMT

FXstreet.com (Barcelona) - The Sterling has capped its advance against Dollar after the worst than expected unemployment data for May and GBP/USD has fallen from 1.6405 to trade close to 1.6350 after the data releases. Currently the pair is trading around 1.6355/65, 0.15% above today's opening price.

UK ILO unemployment rate rise to 7.6% in may from 7.2% in April, worst than 7.4% expected by market and the highest rate since 1971.

Jobless claims have rose 23.800 in June, less than 30.800 posted in May, the slowest in the last 13 Month, as signs of the worst of recession has past but actual conditions are very difficult.
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UK May ILO Unemployment Rate up to 7.6% vs 7.2%

FXstreet.com — Wed, 15 Jul 2009 08:36:34 GMT

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UK Jobless Claims rise 23.8K in Jun to a 4.8% rate

FXstreet.com — Wed, 15 Jul 2009 08:35:45 GMT

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Forex: USD/CHF finds support at 1.0790 on Swiss retail sales data

FXstreet.com — Wed, 15 Jul 2009 08:27:00 GMT

FXstreet.com (Barcelona) - After falling around 100 pips in the early European morning from 1.0884, USD/CHF has found support at 1.0790 following the collapse in Switzerland retail sales data in May. Currently the pair is trading around 1.0810/20, 0.65% below today's opening price action.

Switzerland adjusted real retail sales has dropped 1.4% YoY in May, a data well below of 0.8% increases expected by market and 1.2% posted in April.

Rajoo C, analyst at Precise Trader, comments: "The Hourly Oscillators are mixed and the price is approaching the MA, so Cautious approach is needed. Hourly Trend is Sideways while 10805 holds and Daily Trend is also Sideways while 10585 holds, so expect the price to be choppy. The patterns are choppy and we have no suggestions until the breakout happens. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders should also be Sidelined until there is a breakout."

For more information, read our latest forex news.

Forex: GBP/USD falls close to 1.6350 after reaching 1.6409, 1-week high

FXstreet.com — Wed, 15 Jul 2009 08:05:00 GMT

FXstreet.com (Barcelona) - After rising around 100 pips from 1.6300 to post 1.6409 as 1-week high, GBP/USD has fallen below to 1.6400 level again to trade close to 1.6350. Currently the pair is trading around 1.6365/75, posting 0.20% daily gains from opening price action.

Nicole Elliott, senior analyst at Mizuho Corporate Bank, suggests to attempt small longs at 1.6385: "Rallying slowly after the previous day’s ‘hammer’ candle ahead of the top of the Ichimoku ‘cloud’ and the bottom of the ‘triangle’. Expect a test of the top of the formation later this week. Strategy: Attempt small longs at 1.6385, adding to 1.6200; stop below 1.6155. First target 1.6400, then 1.6500."
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Forex: EUR/USD climbs to post 1.4070 as fresh intra-week high

FXstreet.com — Wed, 15 Jul 2009 07:22:00 GMT

FXstreet.com (Barcelona) - EUR/USD has jumped up around 100 pips in the last hour from 1.3975 to break the 1.4000/10 strong resistance zone, trade above 1.4050 and post 1.4070 as fresh intra-week hight in optimism on earning reports and stocks higher.

Currently the pair is trading around 0.50% above today's opening price action to trade around 1.4050/60. EUR/USD continues, thus, with is recovery from 1.3911, yesterday low.

Nicole Elliott, senior analyst at Mizuho Corporate Bank, suggested to attempt small longs at 1.4000: "Holding in the middle of a small rather nasty ‘triangle’, rallying slowly from the upper edge of the daily Ichimoku ‘cloud’. One-month implied volatility is understandably running at half of last year’s peak. Little to get excited about today though over the week we favour an upside test. Strategy: Possibly attempt small longs at 1.4000; stop below 1.3800. Short term target 1.4050/1.4075, then 1.4140."
For more information, read our latest forex news.

Switzerland Adjusted Real Retail Sales fall 1.4% in May from 1.2%

FXstreet.com — Wed, 15 Jul 2009 07:18:43 GMT

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Forex: USD/JPY continues trading above 93.00, in range

FXstreet.com — Wed, 15 Jul 2009 06:37:00 GMT

FXstreet.com (Barcelona) - USD/JPY has reacted coldness the news from the Bank of Japan to extend emergency credit measures and the cut in its growth forecast and the pair has continued moving in a small range between 93.35 and 93.65 during the Asian session.

Rajoo C, analyst at Precise Trader, comments: "The Hourly Oscillators are bullish but weak and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways while 9265 holds and Daily Trend is also Sideways while 9550 holds, so expect the price to be choppy with an upside bias. The patterns are quite choppy and within a Long Range Candle on a Hourly chart, the price is expected to be in this manner until it breaks out from the range. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders do the same until the breakout happens."
For more information, read our latest forex news.

Forex: GBP/USD jumps above 1.6400

FXstreet.com — Wed, 15 Jul 2009 06:28:00 GMT

FXstreet.com (Barcelona) - News from Japan on Bank of Japan extents emergency-credit measures and earning optimism has fueled risk appetite and Dollar is under pressure today's Wednesday session. The Pound is enjoying this conditions and GBP/USD has jumped around 100 pips in the last hour from 1.6300 to post fresh 1-week hight at 1.6409.

Sterling continues, thus, with its recovery against the Greenback from 1.6034, July 13 low, and today it is rising 0.40% from opening price to the current 1.6395/1.6405.

Rajoo C, analyst at Precise Trader, comments: "The Hourly Oscillators are bullish but weak and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways while 16195 level holds and Daily Trend is Sideways Down while 16505 holds, so expect the price to be choppy with the upside limited. The Patterns are choppy but pointing higher while 16280-16195 level holds and the upside may be limited. Conservative traders should be Sidelined as approaching the price target or strictly trade only at our levels. Aggressive traders look to Long when 16355 gives way while 16280 level holds with a tight Stop for a quick profit."
For more information, read our latest forex news.

Forex: EUR/USD breaks 1.4000/10 zone and jumps above 1.4030

FXstreet.com — Wed, 15 Jul 2009 06:19:00 GMT

FXstreet.com (Barcelona) - The Euro's recovery against the Dollar from 1.3911, yesterday's low, has continued today's Wednesday session and, after rising 0.40% so far today, EUR/USD has broken 1.4000/10 strong resistance zone to post 1.4039 as fresh intra-week high.

Rajoo C, analyst at Precise Trader, comments: "The Hourly Oscillators turning bullish but weak and the price has just crossed the MA, so Cautious approach is needed. Hourly Trend is Sideways while 13895 holds and Daily Trend is also Sideways while 14205 holds, so expect the price to be choppy. The market is directionless, wait until the breakout happens. The Patterns are choppy but should not breach 13940-13895 level in order to maintain the bullish outlook. Conservative traders should look to be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to do the same as this market has been very quiet."

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Japan Machine Tool Orders down 72.8% in Jun

FXstreet.com — Wed, 15 Jul 2009 06:08:57 GMT

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Asian markets rise, yen falls

FXstreet.com — Wed, 15 Jul 2009 05:43:00 GMT

FXstreet.com (Barcelona) - The VIX Index, fell to 24.99 yesterday, the MSCI Asia Pacific Index rose a 0.8% while the S&P 500 lifted 0.5% after a good US retail sales report.

Strong earnings from Intel Corp and Goldman Sachs lifted hopes of a rebound in corporate profits, said Derek Rankin of Rankin Treasury. "The NZ dollar and Australian dollar are back in favour again," he added.

Yen traded near a one-week low against euro. Shinichi Hayashi, FX dealer at Shinkin Central Bankthinks that "rising equities will certainly lead to risk taking. The bias is for selling the yen."

After a higher than expected Chinese M2 growth data the yuan was trading at 6.8330 per dollar, a bit down from the day's mid-point set at 6.8328. The Shanghai stock market was up 0.7%.

Euro and British pound may find some selling pressure in the European session through UK's unemployment and Euro Zone's inflation data.
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Yen broke to the upside

FXstreet.com — Wed, 15 Jul 2009 04:18:00 GMT

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.53. Pair broke to the upside in late America and remains hovering around 93.60 zone.

With 1 hour charts a bit exhausted to the upside, pair should first correct close to 93.30 daily pivot point before another leg up. “If mentioned zone holds, a retest of 94.00 seems likely for the Asian session,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 93.30 93.00 92.60. Resistance levels: 93.60 94.00 94.25

For more information, read our latest forex news.

Interbank FX wins Stevie® Award in 7th Annual American Business Awards SM

FXstreet.com — Tue, 14 Jul 2009 08:14:00 GMT

Interbank FX, a leading provider of online foreign currency (Forex) trading, announced that for the third time the company has been named as a finalist for the 2009 American Business Awards.

The Stevie Awards' Board of Distinguished Judges & Advisors recognized IBFX’s VP of Customer Experience, Marilyn McDonald in the Marketing Executive of the Year category for her proven success in new market identification and strategic market positioning for multimillion-dollar financial services organizations.

Stevie Awards were presented in over 40 categories including Best Overall Company of the Year, Executive of the Year, and Corporate Social Responsibility Program of the Year. More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration.

As a key member of the IBFX’s management team, Marilyn drives the conversation between IBFX and its customers. She is responsible for national and international events, customer education and orientation as well as brand awareness.

“I’m extremely honored that the Stevie Awards have recognized Marilyn’s success in building a strong management team,” said Todd Crossland, president & CEO of Interbank FX. “We are striving to be the gold standard against which all other brokers are measured, and Marilyn helps us do so with her proven track record of increasing sales while retaining a highly motivated team.”

More than 200 executives across the country participated in the judging process to determine the Finalists and Stevie Award winners.

“I am very appreciative of the chance to fulfill a role for Interbank FX that is both challenging and rewarding,” said Marilyn upon accepting the award.

Details about The American Business Awards and the list of Finalists and Stevie Award winners are available at www.stevieawards.com/aba.
For more information, read our latest forex news.

GFT Announces Continued Use of Stop and Limit Orders, Full NFA Compliance

FXstreet.com — Mon, 13 Jul 2009 09:11:00 GMT

While a recently adopted National Futures Association (NFA) rule is forcing some forex dealers to alter the use of stop and limit orders to protect positions, GFT, a US-based company, announced today that their platform is fully compliant with all NFA regulations and, as such, customers trading with GFT will not be affected.

NFA Rule 2-43 (b) requires a "first-in, first-out" (FIFO) method of trading, which simply means that orders must be closed in the order in which they were opened. In many dealers’ systems, stop and limit orders could violate this rule. The new rule also eliminates "hedging," which is the practice of taking contrary positions in a market in the hope that one of the positions will prove profitable.

Because GFT has always had a FIFO trading system, founder and CEO Gary Tilkin said that GFT customers will see no changes to their accounts or trading strategies when the rule takes effect on August 1.

"Rule 2-43 (b) does not change anything for our customers," he said. "We offer stops and limits today and we'll be offering them in the future. We believe they are an important part of a sound risk management program."

As for hedging, Tilkin believes that many traders don’t understand that the practice works against them far more often than it works for them.

"GFT has never allowed hedging on its system because we believe it’s little more than a way for dealers to charge twice for the spread on what is, essentially, a non-position." he said. "To have two counter positions in a financial product is really no position at all, and there really is no financial benefit for the customer to engage in this type of trading."

Because GFT’s system is net-based rather than position-based, the new rule does not apply. In a position-based system, it is possible for a trader to take multiple positions at different levels on the same market. For example, a trader could have three positions in the EUR/USD pair and then close out each position based on its individual performance, which would violate the FIFO rule.

However, in a net-based system such as GFT’s, when a trader enters a new position in a market where he or she already holds a position, the new position is simply added to the old position and the prices are averaged. So it’s not possible to hold multiple positions in the same pair and therefore it is not possible to violate the FIFO rule.

GFT has always encouraged traders to do their research and employ a sound methodology when trading currencies. Trading psychology and time-tested methodologies go hand-in-hand, and hedging strategies discourage these sound practices. To read comments made by Tilkin earlier this year on the subject of hedging and the new FIFO rule, click here.

To circumvent the new rule, some dealers are asking customers to move their accounts to divisions in the UK where the NFA has no jurisdiction. However, Tilkin questions this practice because he believes the NFA rule is designed to offer better protection for traders.

"Why would we ask our customers to move their accounts outside the US when the NFA is looking out for their best interests?," he asked. "Ultimately, we believe that more protection is better."
For more information, read our latest forex news.

IBFX Crowned Best Foreign Exchange Broker and Online Education Provider at MoneyAM 2009 Online Finance Awards

FXstreet.com — Thu, 09 Jul 2009 10:38:00 GMT

For the second consecutive year, Interbank FX (IBFX.com), a worldwide provider of online foreign currency (Forex/FX) trading, today announced that it achieved top ranking at the inaugural MoneyAM Online Finance Awards in the “Best Online FX Provider” category and was also recognized as the “Best Online Education Provider,” which recognized the company’s groundbreaking program designed to give both novice and expert traders additional educational resources for trading at no additional charge.

All of this year’s award winners were chosen by users of MoneyAM—an online Web site for its sister publication, Shares magazine, and one of the premier destinations for private investors in the UK—who voted for their favorite providers in several categories, including Best Online Futures Provider, Best Online Funds Service and Best Online Options Provider. Other quality contenders at this year’s event included ProSpreads, Fidelity and OptionsXpress Inc.

“MoneyAM would like to congratulate IBFX in the highly contested MoneyAM Awards 2009,” said Richard Collins, Director of MSM Media Ltd. “It is the second consecutive year that IBFX has won the ‘Best Online FX broker title,’ marking them out as a clear favourite with users of MoneyAM; and this year’s addition of ‘Best online educational provider’ represents a clear sign of IBFX's continued commitment to customer service and education within the FX trading community.”

IBFX has furthered its recognition this year, winning the 2009 FOREXDS Trader’s Choice Award based on the votes of retail foreign exchange traders worldwide. In addition, IBFX was honored at Finance Magazine’s 2009 Financial Technology Awards for the Best Mobile Forex Trading Platform. In an industry that is highly dependent upon earning customers’ trust, the company continues to distinguish itself as a leading foreign exchange trading platform, with its unique “no dealing desk”, multi-bank execution technology.

“We’re elated to receive this honor that recognizes IBFX as a true industry leader, and thank the many users of MoneyAM for their gracious support,” said Todd Crosland, Chairman and President of Interbank FX. “The fact that these awards were voted for by actual traders who find value in our company fuels our desired commitment to provide our customers state-of-the art trading capabilities and continual product enhancement.”

To see more IBFX accolades or to open a free unlimited Forex practice account, visit www.IBFX.com.
For more information, read our latest forex news.

GAIN Capital’s FOREX.com Customers Will Not Be Affected by NFA FIFO Rule; Stop and Limit Orders Remain Available

FXstreet.com — Thu, 09 Jul 2009 08:46:00 GMT

Customers of GAIN Capital’s FOREX.com online foreign exchange trading division will be unaffected by the new National Futures Association (NFA) regulation requiring customer orders to be executed on a first-in, first-out (FIFO) basis.

The company’s FOREXTrader proprietary trading platform has always used the FIFO method and therefore fully supports NFA rule 2-43(b), which goes into effect on August 1, 2009. As a result, traders can continue to use stop and limit orders to both enter new and protect open positions, as well as utilize all other advanced order types available on the platform including One Cancels Other (OCOs) and Trailing Stops.

These tools help to mitigate risk by allowing traders the flexibility to initiate their preferred trades real-time. Not having access to them can put the trader at a distinct disadvantage.

The new rule also eliminates the practice of hedging - holding simultaneous long and short (or “offsetting”) positions in a single currency pair. Traders that require hedging capabilities can trade through GAIN Capital’s FSA registered entity, FOREX.com UK.

“As one of the largest regulated forex dealers in the United States, we are committed to offering products and services that are fully compliant with our regulator, the National Futures Association, while continuing our commitment to provide the best trading experience for our customers,” said Glenn Stevens, chief executive officer, GAIN Capital.
For more information on the NFA compliance rule and stops and limits, please visit http://www.forex.com/tradestopsandlimits.html.
For more information, read our latest forex news.

dbFX celebrates three year anniversary - Looking back at evolving retail FX market

FXstreet.com — Wed, 08 Jul 2009 13:14:00 GMT

dbFX.com, Deutsche Bank’s award-winning online foreign exchange (FX) trading platform for individual investors celebrated its third birthday last month, reinforcing its position as one of the market’s leading FX providers.

dbFX was launched by Deutsche Bank, in May 2006 to take advantage of growing investor interest in FX as an asset class and to bring the expertise of the world’s number 1 foreign exchange bank* to the retail market. It has seen a number of significant milestones since its launch including the introduction of dbFX’s Arabic language platform (dbfxarabic.com) in October 2007, and its Managed Accounts and Introducing Brokers programmes in September the following year – ensuring investors are equipped with a comprehensive, global and blue-chip platform with which to trade FX.

The foreign exchange markets have evolved significantly over the last three years, with incredible growth both on the institutional and retail side. There have been significant spikes in volatility and because the retail market has become more accessible and sophisticated, investors are increasingly better positioned to take advantage to diversify their portfolios.

Below are some key milestones of note which reflect the continual evolution and innovative approach of the platform since launch:

· May 2006: dbFX.com launched
· October 2006 : Chinese website launched - dbFX.com.hk
· October 2007: dbFX.com Arabic website launched
· May 2008: Launch of ‘Introducing Broker’ and ‘Managed Accounts’ programmes
· September 2008: dbFX.com website revamp
· September 2008: Decimalised pricing introduced
· May 2009: Profit & Loss Award: Best Retail Platform
· June 2009: Launch of world-wide FX educated investor video series with Bloomberg

Additional initiatives are planned for this summer to continue this record of continual improvement, and to further improve the functionality and market intelligence available to dbFX.com investors.

Commenting, Betsy Waters, global director of dbFX, said: “Deutsche Bank, with dbFX.com, was the first major global bank to bring a sophisticated trading platform to retail investors, and bring the benefits of Deutsche Bank’s award winning expertise in foreign exchange to the growing retail market.

“Since its initial launch into 20 countries in 2006, dbFX.com, like the FX market itself, has continued evolving and is now available in multiple languages in 82 countries around the world, providing investors with proprietary market insight and research from Deutsche Bank that is difficult to match.

“ The retail forex market of 2009 is now very different from how it looked when dbFX launched in 2006. Today, a much greater number of participants in this market are larger private investors and active traders with trading styles and strategies similar to the institutional market. dbFX provides the market liquidity that these forex traders are seeking.”

* Euromoney Poll, 2005 to 2009
For more information, read our latest forex news.

Interbank FX Taps International Forex Experience of Peg Reed as Managing Director of Global Sales

FXstreet.com — Wed, 08 Jul 2009 13:10:00 GMT

Interbank FX, LLC (IBFX), a leading provider of online off exchange retail foreign currency (Forex/FX) trading services, has tapped the extensive global foreign exchange trading experience of Peg Reed who joined the company as Managing Director of Global Sales.

Reed’s responsibilities will include expanding new strategic technology and broker partnerships around the world for IBFX, particularly in the Asian market.

“Peg is a powerhouse in Forex trading,” said Todd Crosland, Interbank FX chairman and president. “We are very excited to have her join the IBFX team, and look forward to a new and emerging initiative that will have great impact on Forex trading throughout the industry.”

Reed has a successful track record of creating, building and managing profitable enterprises. Her experience ranges in Forex from voice dealing to establishing electronic solutions for the marketplace.

She has worked for Bank of America, Standard Charter Bank, Barclays Bank, and the American International Group where she made significant contributions to profitability as a currency trader and global client relationship manger. She also managed large portfolios and oversaw the Forex risk accounts of large multinational corporations, hedge funds, and high net worth individuals. In addition, Reed was instrumental in the development of Hotspot FXi, an electronic communications network for wholesale foreign exchange, and was head of sales for Lava Trading.
For more information, read our latest forex news.

World Finance Magazine Names Interbank FX Best Mobile Forex Trading Platform - 2009

FXstreet.com — Tue, 07 Jul 2009 14:51:00 GMT

Interbank FX, one of the industry’s leading providers of online off-exchange retail foreign currency (Forex/FX) has added one more to a long list of recent accolades. World Finance Magazine has named Interbank FX the Best Mobile Forex Trading Platform in its 2009 Financial Technology Awards.

World Finance created the annual World Finance Awards in 2007 “to identify industry leaders, individuals, teams and organizations that represent the benchmark of achievement and best practice in the financial and business world.” Now in the program’s third year, the awards focus on innovation, originality, quality of product, proof of market development and excellence in client representation, according to Editor and Program Director Alexander Redcliffe.

In addition to soliciting the votes of users of the www.worldfinance.com site, the magazine also gathers the votes of its 40,000 readers, who represent top industry decision-makers worldwide. The magazine will publicize this year’s winners in each of its bi-monthly issues throughout 2009.

Today’s news comes on the heels of several recent Interbank FX awards. IBFX has also won the 2009 FOREXDS Trader’s Choice Award, which is based on the votes of retail foreign exchange industry traders worldwide.

“We are especially honored to receive this award from World Finance Magazine as it represents the exact characteristics—quality of product and excellence in client representation--that we are striving to provide to the Forex market,” said IBFX Chairman and President Todd Crosland. “We are delighted to receive this recognition from the industry’s top decision makers in an industry that is highly dependent on earning our customers’ trust.”

For more information about Interbank FX, please visit the company’s Web site at www.ibfx.com.
For more information, read our latest forex news.

Notice to FXCM LLC (FXCM U.S.) Traders: How to use Stops and Limits after July 31

FXstreet.com — Tue, 07 Jul 2009 08:14:00 GMT

FXCM Holdings, has received numerous questions after our first e-mail regarding the new NFA Compliance Rule 2-43(b). Please note that you will be able to use entry orders to place stops and limits after July 31, 2009. Entry orders provide the ability to realize profits and cut losses.

Using entry orders for stop-loss and limits after July 31, 2009:

For Buy Positions: Placing an entry order to sell below the price where you got into the position protects you from additional losses. Placing an entry order to sell above the price where you got in locks in profits.

For example, if you have a BUY EUR/USD position at 1.3900, you could place:

a stop-loss using a sell entry order (Stop Entry, SE) at 1.3800
or
a limit using a sell entry order (Limit Entry, LE) at 1.4000.

For Sell Positions: Placing an entry order to buy above the price where you got in protects you from additional losses. Placing an entry order to buy below the price where you got in locks in profits.

For example, if you have a SELL EUR/USD position at 1.3900, you could place:
a stop-loss using a buy entry order (Stop Entry, SE) at 1.4000
or
a limit using a buy entry order (Limit Entry, LE) at 1.3800.

The National Futures Association (NFA), our industry's self regulatory organization in the United States, has informed all Forex Dealer Members, which includes FXCM, that it has adopted new Compliance Rule 2-43(b) regarding forex trading. Read Compliance Rule 2-43(b) http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273

This rule requires orders be executed First In, First Out (FIFO). FIFO requires that when multiple positions are held in the same currency pair, the position which was first opened will be the first to be closed. This will prevent stop-loss and limit orders from being placed on individual tickets (orders and positions).

FXCM has always encouraged active risk management through the use of stop-loss and limit orders. The stop and limit orders that have been available through the “Open Positions” window are two entry orders that are linked to an individual open position. If a stop or limit order is triggered, the other is canceled. The FIFO rule prevents stops and limits from being attached to an individual ticket.

FXCM is introducing a new feature called OCO (One Cancels the Other) entry orders, which will provide traders with the same functionality as they have been accustomed, except that they are not linked to any positions. Watch This Video Presentation To See How To Manage Your Risk Using OCO Entry Orders: https://admin.acrobat.com/_a205571165/p91063619/

For additional information, please visit the "NFA FIFO (First in, First Out) Rules" forum on DailyFX. We will be holding live question and answer sessions within the DailyFX forum. http://forexforums.dailyfx.com/nfa-fifo-first-first-out-rules/

Do I have to change my current platform?

While FXCM acknowledges the NFA's concern and obligation to protect clients, FXCM would like to extend an option to those who would like to continue using the current platform functionality. Traders can transfer their accounts to Forex Capital Markets Ltd. (FXCM UK) and continue to place stop-loss and limit orders and maintain the ability to modify and close orders from the "Open Positions" window.

If you wish to maintain your current platform functionality, you can trade through FXCM UK, which is regulated by the Financial Services Authority (FSA) in the United Kingdom.

If you wish to transfer your account to FXCM UK, please complete the one page form:

Standard 10k Account Transfer Form: http://www.fxcm.com/std10k-transfer-form.jsp
Forex System Selector Account Transfer Form: http://www.fxcm.com/fss-hedging-transfer-form.jsp
Micro Account Transfer Form: http://www.forexmicrolot.com/micro-hedging-transfer-form.jsp
MetaTrader 4 Account Transfer Form: http://www.fxcm.com/mt4-hedging-transfer-form.jsp

Deadline to Complete Transfer Form: JULY 21, 2009

Top FXCM UK Frequently Asked Questions:

More FAQs are available on the DailyFX forums: http://forexforums.dailyfx.com/nfa-fifo-first-first-out-rules/

Q: If I switch my account to FXCM UK what protection is available?

A: The FSA is the regulatory body that oversees spot FX trading in the United Kingdom. The market has been regulated in the UK much longer then it has been in the U.S. Accounts with FXCM UK are segregated in accordance with FSA client money rules. The financial services authority, one of the world's most respected financial regulatory bodies, regulates FXCM UK.

Q: How may I deposit funds to my account if it is housed with FXCM UK?

A: FXCM UK provides for bank wire, debit card, credit card, and check deposits and withdrawals. Please note there are different Web site links and funding details associated with accounts at FXCM UK. Visit FXCM - Depositing Funds Options for full details. Please also note clients have the option to hold their accounts in GBP, EUR, USD, JPY, CAD, and NZD. U.S. clients may send domestic wire deposits. http://www.fxcm.co.uk/depositing-funds.jsp

Q: Will I be able to place stop-loss and limit orders on individual positions after I transfer to FXCM UK?

A: Yes. All FXCM UK accounts will allow clients to place stops and limits as well as close positions from the "Open Positions" window.

Q: Will hedging be enabled on my account after it is transferred to FXCM UK?

A: Yes. All FXCM UK accounts default to have hedging enabled. That is to say that buy and sell positions will no longer offset each other. Buy and sell positions can now be held on the same account. Clients who wish to have hedging disabled can elect to turn the function off via MyFXCM. https://www.myfxcm.com

Q: Will OCO entry orders be enabled on my account after it is transferred to FXCM UK?

A: Yes. However, if the account does not have hedging enabled the OCO orders executed in the opposing direction of open positions will effectively offset those positions. Conversely, a market order to buy 100K GBP/USD will NOT be offset by an entry order to sell if the account has hedging enabled.

If you have any questions about the new regulations, or their effect on your risk management, please don’t hesitate to contact us at 1-888-503-6739, or e-mail us at info@fxcm.com.
For more information, read our latest forex news.

Notice to FXCM LLC (FXCM U.S.) Traders with MT4 Accounts

FXstreet.com — Thu, 02 Jul 2009 08:55:00 GMT

FXCM LLC would like to notify all FXCM clients holding MetaTrader 4 (MT4) accounts with FXCM U.S. of the changes that will occur after July 31, 2009. The National Futures Association (NFA), the primary regulatory authority for forex in the United States, has adopted new compliance rules that will have dramatic consequences for your MT4 account. The most significant new requirement requires all open positions to be closed out on a first-in-first-out basis.

To date, we have received no indication that the MT4 platform will be able to be modified to comply with first-in-first-out execution without significant loss in functionality. The solutions that FXCM have examined would cripple the operation of many expert advisors and will result in a much less robust platform. As a result, FXCM plans to support the MT4 platform through its UK entity―Forex Capital Markets Limited (FXCM UK)―which is regulated by the UK’s Financial Services Authority (FSA) . The MT4 platform will no longer be offered through FXCM U.S. and will be discontinued on July 31, 2009.

AS OF JULY 31, 2009, ALL FXCM U.S. MT4 OPEN POSITIONS WILL BE CLOSED. Clients will have the choice of having their account transferred to FXCM UK with no change to their existing trading platform functionality.

If you wish to transfer your account to FXCM UK, please complete the one page form. Account Transfer Form (http://www.fxcm.com/mt4-hedging-transfer-form.jsp)

DEADLINE TO COMPLETE EARLY OPT IN: JULY 8, 2009

DEADLINE TO COMPLETE LATE OPT IN: JULY 21, 2009

Important Notice: If you completed the transfer form, your account will be operational prior to the implementation of new NFA regulations. You will be notified via e-mail when your account is transferred.

Your account number and password will remain the same and your open positions will remain intact. Moving an account to FXCM UK involves some changes in deposit and withdrawal instructions, and changes in charges for transferring funds. However, FXCM UK clients have the option to send funds to the United States and fund via credit card. MYFXCM.com will also be available.

Deposits | http://www.fxcm.co.uk/depositing-funds.jsp

Withdrawals | http://www.fxcm.co.uk/forms.jsp

MYFXCM.com | https://www.myfxcm.com/fxma/?plugin=0&ib=FXCM

If you have any questions about the new regulations or their effect on your risk management, please don’t hesitate to contact us at 1-888-503-6739, or e-mail us at info@fxcm.com.
For more information, read our latest forex news.

GFT Strengthens Asia-Pacific Institutional Sales Team with Addition of Klaus Buhl

FXstreet.com — Wed, 01 Jul 2009 14:31:00 GMT

Klaus Buhl has joined GFT as Director of Institutional Sales, Asia-Pacific where he will be responsible for Institutional Sales and Business Development in Asia.

Buhl joins GFT with over 18 years experience in the financial markets, 12 of which were spent in the currency markets. He is an ideal fit for GFT’s Singapore location due to his time spent working internationally as an interbank FX dealer at leading Scandinavian banks in Singapore and New York.

“We are confident that Klaus will be the leader we need in our Singapore location,” said Ashraf Ebid, executive vice president of global sales and business development, GFT. “He has an impressive background managing teams and working within the Asian business model.”

Buhl will be responsible for developing and building GFT’s Institutional presence in the Asia region through partnerships and direct institutional accounts. He has a history of leading strong teams, which will aid him with his first priority of building a team around a new strategy.

“The opportunities and challenges combined with great visionary ideas and plans for the future are the reasons I joined GFT,” said Buhl. “Also the structure of GFT with its well known integrity and very approachable and visible management were important factors in choosing the place I would continue my career.”

Buhl has shown his capabilities of building new business and developing strong relationships as a leader throughout his career in the financial markets. GFT looks forward to his success as Director of Institutional Sales, Asia Pacific.
For more information, read our latest forex news.

FX Solutions’ Co-Founders Robert Cortright & Thomas Plaut Named Ernst & Young Entrepreneur Of The Year® 2009 Award Winner in New Jersey

FXstreet.com — Fri, 26 Jun 2009 13:43:00 GMT

FX Solutions, a leading online foreign exchange brokerage, today announced that Co-Founders Robert Cortright & Thomas Plaut received the Ernst & Young Entrepreneur Of The Year® 2009 Award in the Financial Services category in New Jersey. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Robert Cortright & Thomas Plaut were selected by an independent panel of judges, and the award was presented at a gala event at the Teaneck Marriott at Glenpointe on Tuesday, June 23rd, 2009.

“We are thrilled to receive this distinction. We have always aimed to provide retail FX traders the same superior quality and service previously available only to banks and other financial institutions,” FX Solutions CEO, Michael Cairns said upon hearing about winning the award. “Having others recognize us for our entrepreneurial effort with co-founders Robert Cortright & Thomas Plaut is a great reward for all of us at FX Solutions.”

The Ernst & Young Entrepreneur Of The Year awards celebrated their 23rd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

“We are proud to recognize the achievements of Robert Cortright & Thomas Plaut,” said Keith Brownlie, Ernst & Young LLP Entrepreneur Of The Year Program Director for New Jersey. “Winners of the Entrepreneur Of The Year award build leading businesses and contribute significantly to the strength of our region’s economy. Their success helps our area grow stronger.”

As New Jersey award winners, Robert Cortright & Thomas Plaut are now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In New Jersey, local sponsors include Gold sponsors Bowne & Co and Curran & Connors and Silver sponsors Gibbons P.C., NJBIZ and WithumSmith+Brown.

For more information, read our latest forex news.

Jon Pexton, Interbank FX, Acknowledged As A 2009 CFO of the Year Financial Champion by Utah Business Magazine

FXstreet.com — Thu, 25 Jun 2009 15:03:00 GMT

In a time of struggling national and local economies, today’s CFOs play an increasingly vital role in securing a corporation’s future. In a recent ceremony, Utah Business Magazine acknowledged 16 CFOs who have not only accepted that challenge but have gone beyond to ensure their company’s short-term and long-term success. At the event, Jon Pexton, Interbank FX CFO, has been acknowledged as one of three 2009 CFO of the Year Financial Champions in the category of Private, Medium Company.

Under Pexton’s financial leadership, Interbank FX is booming: Last year, the company generated more than $60 million in revenues and doubled its trading revenues..

“I am very appreciative of the chance to fulfill a role for Interbank FX that is both challenging and rewarding,” he said upon accepting the award.

Jon Pexton joined Interbank FX in May 2008 with more than 15 years finance and accounting experience, including eight years with a "Big 4" firm and seven years with publicly-traded global companies.

Pexton has performed financial due diligence on more than 35 transactions, and participated in an IPO that raised $80 million.

“We are proud to acknowledge the role Jon has played in making our company rock-solid,” said Todd B. Crosland, president & CEO of Interbank FX. “It is critical that our customers have absolute trust in the strength of Interbank FX. We are striving to be the gold standard against which all other brokers are measured. Jon has done an excellent job of helping us to achieve that high goal, particularly during a period of economic uncertainty and extensive company growth.”

For more information about Interbank FX, please visit the company’s Web site at www.ibfx.com.
For more information, read our latest forex news.

Alpari Group kicks off indian operations

FXstreet.com — Fri, 19 Jun 2009 12:04:00 GMT

Alpari Group, a leading global provider of online foreign exchange (FOREX, FX) trading services today formally launched its India operation and website at http://www.alpari.co.in. Alpari India will offer Forex trading to Indian institutional and retail customers. Individual Indian traders, fund managers and institutional customers will benefit from innovative and proprietary currency-trading technology combined with quality execution and competitive spreads and margins. Alpari India will also provide expert and responsive customer support via their highly professional Customer Services team.

Mr. Andrey Vedikhin, CEO & Co-founder, Alpari (UK) said, “We believe that the Indian market offers healthy prospects for the Alpari Group. India will be one of the first major global economies to emerge from today’s recession. India has a rapidly expanding middle class and a large technology and business-oriented population, which is hungry for online-trading solutions.”

“We already have many Indian clients and are confident that both our retail and institutional offerings will meet the expectations of the Indian Forex trading community. Alpari India is delighted to be able to help shape and drive the Forex market in India,” added Mr. Vedikhin.

Mr. Pramit Brahmbhatt, CEO, Alpari India said, “The Indian Forex market has grown rapidly in recent years, which is a great business opportunity for Alpari India to offer its world-class services to Indian investors and traders. Alpari India offers a new investment alternative, by providing institutional-level trading solutions for retail investors, along with low cost hedging opportunities for corporates. This combination will enable Indian investors to better explore the global currency and bullion markets.”

“We have a long-term commitment to the Indian investor community and are looking forward to offering educational and research initiatives to complement their trading activities,” added Mr. Brahmbhatt.

Alpari India offers institutional-level trading technologies, developed by its Research & Development team. These include a prime brokerage business model, multi-bank liquidity feeds, floating leverage, an automated risk management system, 24 hour-trading, multi-lingual trading platforms and a fifth decimal-pricing format.

In addition to its comprehensive market research services, Alpari India is committed to providing customers with educational resources such as free online video tutorials via the Alpari Academy, helping investors make better informed and more responsible trading decisions.
For more information, read our latest forex news.

FXCM, Global Forex Firm Expands Krone Pair Offerings for Nordic Region

FXstreet.com — Thu, 18 Jun 2009 16:10:00 GMT

Forex Capital Markets Ltd. (http://www.fxcm.co.uk) announced they now offer 10 different krone crosses to be traded on the FXCM trading platforms.

FXCM strives to be the premier forex provider for the Nordic region. Accessing highly competitive prices from relationships with some of the world's largest banks, and as a premier "No Dealing Desk" or agency execution forex firm focusing on the Nordic countries, FXCM offers clients no dealer intervention and tight spreads as low as 1 pip.

To further support the Nordic trading community FXCM now offers 10 different krone crosses:

Swedish Krona Pairs
EUR/ SEK
USD/SEK
CHF/SEK
GBP/SEK
SEK/JPY

Norwegian Krone Pairs
USD/NOK
EUR/NOK
CHF/NOK
NOK/JPY

Danish Krone Pairs
USD/DKK

Please note: Margin is 2%, meaning 50 times leverage. Currently these crosses are only available for live account holders.

Due to the volatile nature of these crosses driven by thin liquidity, spreads can be quite high and it is recommended to trade during Scandinavian (European) trading hours.

To read more on the Nordic markets, read the Scandi Daily on DailyFX by Joel Kruger, Technical Currency Strategist at www.dailyfx.com. Request to be put on the distribution list now: Nordic@fxcm.com

FXCM aims to deliver the best forex trading technology, resources, and 24/7 customer service through its multiple trading platforms, including: FXCM Trading Station II, MetaTrader 4, and Forex System Selector.

FXCM representatives are available 24 hours a day, 7 days a week.

Direct Number: +44 207 398 4054
Toll-Free UK Sales: + 0808 234 8789
E-mail: Nordic@fxcm.com
For more information, read our latest forex news.

GFT and Autochartist™ Team Up to Unveil Five New Exclusive Analysis Tools

FXstreet.com — Tue, 09 Jun 2009 14:03:00 GMT

GFT — worldwide leaders in online currency trading — and Autochartist™ — chart pattern software for forecasting financial market trade ideas — have teamed up to offer traders new Fibonacci-based market patterns, including two patterns exclusive to GFT.

GFT customers with a standard account and above now have access to Autochartist’s powerful market-pattern-recognition capabilities for no cost. The software assists traders in identifying potential market patterns using its popular forward-looking market analysis tools to help determine possible trades, which are then executed with GFT’s DealBook® 360 trading software.

Autochartist has already proven itself an asset to traders, but collaboration with GFT has enabled both companies to take the software a step farther. In addition to chart patterns such as flags, pennants, double-tops, double bottoms and triangles, Autochartist now automatically detects and alerts traders to several Fibonacci-based patterns, including the standard Fibonacci retracements, standard Fibonacci projections, standard three-drive patterns and — exclusive to GFT — butterfly and Gartley patterns.

By adding chart patterns to an already exceptional tool GFT is able to uphold its commitment of providing customers with the best possible software and give them a potential competitive edge.

“When we first saw Autochartist in action, it was clear to us that it was a unique product,” said Gary Tilkin, president and CEO, GFT. “Autochartist is sure to appeal to any trader looking for a consistent, unbiased, and immediate technical analysis tool. We thought it would be an ideal complement to our DealBook® 360 software.”

Autochartist runs independently of GFT’s award-winning DealBook® 360 trading software, but users can launch the application directly from within Autochartist enabling them to take fast advantage of potential trading opportunities as they happen.

“Autochartist is proud to be associated with a world-leading forex company like GFT,” said Ilan Azbel, director of Autochartist. “We look forward to providing GFT’s customers around the world with a competitive edge through continued access to the very best in innovative trading tools.

GFT is offering the Autochartist software, including the five additional patterns free to all customers with an active account standard account and above. Customers with a mini account can receive the product for $29.99 per month. For more information on how to receive Autochartist, visit http://www.gftforex.com/tradingtools/autochartist/autochartist-overview.asp.
For more information, read our latest forex news.

M I G Investments Beefs Up Research Team

FXstreet.com — Tue, 09 Jun 2009 11:45:00 GMT

Neuchatel‐based, leading Swiss FX broker, M I G Investments appoints Howard Friend as M I G Research Department Chief Technical Analyst.

Recruited out of London, Howard Friend complements the M I G Research Department bringing a wealth of financial market experience to the table. He initially spent 5 years as a Sales/Trader for a Japanese trading firm followed by a short spell at Reuters as a Client Training Executive. He then moved into his specialized area of Technical Analysis where he has undertaken numerous advisory and trading roles over the past 15 years. He has designed and profitably traded systems for use in day and swing trading, is a member of the Market Technician’s Association and holds the Chartered Market Technicians designation. He has appeared regularly on financial TV networks as a market commentator. Howard’s appointment is evidence of M I G Investments’ commitment to offer clients choice financial services and a world-class research resource.

For more information, read our latest forex news.

FXCM Holdings LLC Releases Financial Data

FXstreet.com — Fri, 05 Jun 2009 09:28:00 GMT

FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the firm’s financial strength and status as of April 30, 2009.

Highlights of the (unaudited) balance sheet include the following:

$114,985,838 In Capital (Assets Minus Liabilities)

$130,307,551 In Operating Cash (Excludes Client Funds)

Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."

Balance Sheet (Unaudited)
FOR THE MONTH ENDED APRIL 30, 2009
(Amounts in USD)

ASSETS

CUSTOMER CASH
287,614,938

OPERATING CASH
130,307,551

OTHER ASSETS
9,248,124

FIXED ASSETS
10,476,181

TOTAL ASSETS
437,682,794

LIABILITIES

CUSTOMER DEPOSITS
287,614,938

DEFFERED REVENUE
16,000,000

OTHER LIABILITIES
19,082,018

TOTAL LIABILITIES
322,696,956

CAPITAL

FXCM CAPITAL
114,985,838

TOTAL LIABILITIES AND FXCM CAPITAL
437,682,794

FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, FXCM Canada LTD and FXCM DMCC.

Please Note: In April, there was a significant drop in the firm's net capital. This decrease is related to FXCM fulfilling its tax obligations. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 Million in firm capital, of which $60,472,142 is held by the firm's US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Dubai, Canada, Hong Kong and the United Kingdom.
For more information, read our latest forex news.

New DailyFX Plus now with Bloomberg TV and Live Trade Alerts

FXstreet.com — Thu, 28 May 2009 08:14:00 GMT

FXCM Holdings LLC (www.fxcm.com) announced today a major expansion of DailyFX Plus. Now, in addition to Trading Signals, the Technical Analyzer and SSI order flow intelligence, DailyFX Plus offers you two new services―Bloomberg TV and Forex Stream.

Forex Stream, staffed by the DailyFX team of nine analysts, offers you real time market analysis focused specifically on intraday trading opportunities. This new service, which has been in development since 2008, replaces the Thomson IFR news feed.* http://forexstream.dailyfx.com/ or https://plus.dailyfx.com

Bloomberg TV. In our opinion, Bloomberg is unsurpassed for global, up-to-the-minute financial and economic news. As an integral part of DailyFX Plus, Bloomberg TV will stream real-time business news to you 24 hours a day, seven days a week. Its available now at https://plus.dailyfx.com

Forex Stream: This new FXCM service is specifically designed to supply you with direct, blunt, tradable news analysis―in time to trade on it. http://forexstream.dailyfx.com/

. Forex Stream provides signed, opinionated news analysis from the DailyFX analysts.
. Forex Stream comes at you fast, with short, cut-to-the-chase reports on price action and event impact― updated minute by minute around the clock.
. To save you time, it eliminates all information not immediately relevant to trading.
. It directs you to time-sensitive trading opportunities.

Open a live account for unlimited access to DailyFX Plus: http://www.fxcm.co.uk/open-an-account.jsp
For more information, read our latest forex news.

FX360.com Launches iPhone App with Real-time Forex Quotes, Charts, News and Calendar

FXstreet.com — Wed, 27 May 2009 08:07:00 GMT

Forex traders using Apple’s popular iPhone® now have the forex market at their fingertips. The new application — available now at the Apple iTunes store — offers all of the best features of FX360.com, but in a fast, portable iPhone®-based format.

The FX360® iPhone® application features real time quotes for the major currency pairs, oil and gold, as well as U.S., European, Asian equity and bond markets. It also offers dynamic intraday charts and a real-time economic calendar with updated numbers, descriptions and historical data.

The institutional-level currency market research and analysis for which FX360.com is known can also be accessed directly from the iPhone, including commentary by forex gurus Kathy Lien and Boris Schlossberg, as well as basic and advanced technical analysis reports from analysts Roger Stojsic and Bradley Gareiss.

The quote board, dynamic charting and economic calendar help traders identify potential trade opportunities, while users can also sign up for free FX News Alerts to receive breaking currency news, commentary and trade ideas delivered right to their iPhone® or email.

FX360® Director of Currency Research Boris Schlossberg said the iPhone® application was a natural progression from the original intent of FX360.com.

“From the beginning, we wanted FX360.com to be a place where all traders could get professional market news, commentary and analysis they could use to place better trades,” he said. “With more and more people using their mobile phones as mini information centers, we felt that it was time to offer our users access to real-time charting, market quotes and news even when they’re away from the computer.”

Kathy Lien, Director of Currency Research, FX360® agreed, adding that the new app is about empowering traders.

“The markets are moving constantly and it’s important to have access to up-to-the-minute information,” she said. “We’re proud to offer traders the opportunity to track markets and view important news and commentary right on their iPhones®.”

The FX360® iPhone® application is available now in the Apple iTunes store. To download, go to the iTunes Store and search for FX360 or visit www.fx360.com and click on the iPhone App Store button.
For more information, read our latest forex news.

FXCM MT4 Demo Account Now Available

FXstreet.com — Thu, 21 May 2009 16:12:00 GMT

Forex Capital Markets LTD (www.fxcm.co.uk) announced today that the FXCM MetaTrader4 demo, powered by Boston Technologies, is now available. FXCM has joined together with Boston Technologies to enhance FXCM’s MT4 offering.

Why Trade on MetaTrader 4 with FXCM?

. MetaTrader 4 is integrated with FXCM's No Dealing Desk execution that means no re-quotes
. Hedging capabilities through MT4
. Trade directly from the charts
. Spreads as low as 1 pip EUR/USD
. Accepting all EAs, including scalping EAs
. Free Trading Signals from DailyFX Plus
. 24/7 client support

Multiple Currency Denominations Accepted: Account Opening Minimum: A deposit of US$2,000, £2,000, €2,000, A$2,000, NZ$2,000, or ¥200,000 is required. http://www.fxcm.co.uk/metatrader.jsp

“We have received tremendous demand for our No Dealing Desk MT4 platform. Through our partnership with Boston Technologies, we are able to leverage their technical expertise and widen our MT4 offering. Offering demos and expanding the selection of base currencies, as well as offering programming assistance, is just the start. Very soon we hope to be offering free, lifetime VPS hosting as well,” said Marc Prosser, chief marketing officer at FXCM.

For answers to your questions on FXCM’s MT4 platform, powered by Boston Technologies, click: http://forexforums.dailyfx.com/mt4/74892-faqs-metatrader-4-a.html

To open a demo account: http://www.fxcm.co.uk/metatrader.jsp

To open a live account with FXCM UK: http://www.fxcm.co.uk/metatrader-apply.jsp

To open a live account with FXCM Australia: http://www.forextrading.com.au/metatrader-apply.jsp

If you are an existing account holder you can fill out the transfer form. Please contact Client Services Client Services Contact details

FXCM Holdings LLC Facts

. FXCM Holdings LLC has over $100 Million in capital
. More than 125,000 live accounts are traded on FXCM trading platforms
. As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms
. As of January 2009, an excess of $600 million in customer funds trading on platforms offered by FXCM

Only spot FX can be traded on this MT4 platform with FXCM

Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.
For more information, read our latest forex news.

dbFX.com trading volumes continue to rise in 2009 as retail FX maintains investor interest

FXstreet.com — Thu, 21 May 2009 11:05:00 GMT

dbFX.com, the online retail foreign exchange (FX) trading platform of Deutsche Bank, reported a 37 per cent increase in volumes in the first quarter of 2009 over the same period last year, as retail traders continue to favour FX over equities and bonds.

The platform’s figures also show a continued move away from trading the carry trade in Q1 2009 over Q4 2008, once one of the most favoured strategies employed by traders, with trading on the Pound / Australian Dollar, New Zealand Dollar / US Dollar and USD / Japanese Yen down 81 per cent, 74 per cent and 28 per cent respectively.

Instead, investors have looked to the mainstream ‘big three’ currency pairs as a means of generating returns, with the Euro / US Dollar, Pound / US Dollar and US Dollar / Yen the most traded pairs on the platform and making up over 75 per cent of total trades. Of these, the Euro / US Dollar claimed just over half of all trades on the platform, with the US Dollar / Yen claiming only 5 per cent of volume in the first quarter.

Betsy Waters, Global Director of dbFX.com, said: “From the trading perspective, the carry trade has been a stable of FX traders’ portfolios for some time and has brought many new entrants to the market. However, traders have begun moving to alternative strategies such as valuation trades - where investors seek out seemingly undervalued currencies - and such behaviour reflects a growing understanding and knowledge of the FX space, and the strategies that dominate it, by traders.

“There’s no doubting the growth of retail FX as an asset class over the past 12 months or so, and it’s encouraging to see this growth and development continue unabated. FX is proven to be uncorrelated to equity and bond markets, and this message is continuing to reach the retail investor in the current climate.”

Launched in May 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 82 countries around the world. It brings the benefits of Deutsche Bank’s award winning expertise in foreign exchange to clients, with Deutsche Bank ranked the No. 1 Foreign Exchange Bank in 2009 by Euromoney magazine for the fifth year running*.

The platform can be accessed at: www.dbfx.com

* Euromoney Foreign Exchange poll 2009
For more information, read our latest forex news.

Interbank FX Wins 2009 FOREXDS Trader’s Choice Award

FXstreet.com — Tue, 19 May 2009 08:00:00 GMT

In a year-long study to determine worldwide off-exchange retail foreign currency (or Forex) broker preferences, Forex Datasource has acknowledged Interbank FX as winner of the FOREXDS Trader’s Choice Award. The award is based on votes Forex traders worldwide.

“We’re honored to receive this award and to be recognized by so many Forex traders throughout the world as the best platform for Forex trading,” said Todd B. Crosland, president & CEO of Interbank FX. “Of all of the recognitions Interbank FX has received it’s especially gratifying to be recognized by our customers for the work we do.”

Forex Datasource is a market research and information portal serving the retail Forex industry. Over a year long period, the firm polled more than 1,000 traders from more than 80 countries asking them to rank brokers using a numeric scale from 1-10 with ”10” being the highest rating and “1” the lowest.

Using the same grading system, poll participants were asked how likely they were to refer a broker to others based on experiences in various categories, including best platform and best customer services. The length of the survey and number of real FX traders sampled makes this award one of the most authoritative in the Forex industry.

The study includes two categories, FX Global Brokers and FX Regional Brokers. In the FX Global category, Interbank FX secured the top ranking in all seven categories, including Best Overall, Best Platform, Best Funding Department, Best Accounts Department and Best Customer Service. In the Regional FX Broker category, Interbank FX was named one of twelve Continental Leaders for achieving a top three ranking in at least one continent. Interbank FX achieved a top three ranking in three separate continents, Asia, Europe and the Americas.

“The survey results were very enlightening and will provide Forex brokers and traders around the world with data that will help streamline the industry and improve the way we trade,” said Javier Paz at Forex Datasource. “Clearly Interbank FX is ahead of other brokers in terms of the services that they provide and other brokers will be well served to learn from and follow their example.”

For more information about Interbank FX, please visit the company’s Web site at www.ibfx.com. A complete listing of Forex brokers included in the survey, including the award results is available on the Forex Datasource Web site at www.forexdatasource.com.
For more information, read our latest forex news.

FX Solutions is launching Spot Gold and Silver trading effective Sunday May 17, 2009 at 5pm ET

FXstreet.com — Mon, 18 May 2009 11:00:00 GMT

Key Information:

Customers can trade Spot Gold and Silver in their existing GTS accounts. There is no need to open a new account or deposit additional funds.

Trade Spot Gold and Silver on the familiar GTS Platform in the same way as currencies.

The US Dollar is the underlying currency.

Advantages versus competition

Flexible Leverage up to 200:1

Small minimum trade sizes:

- Gold 1 oz.

- Silver 100 oz.

GTS practice accounts will include Spot Silver and Gold starting May 17.

Frequently Asked Questions:

What is the trade size for Gold and Silver?

Gold is tradable in 1 oz. increments with a minimum trade size of 1 oz.. Silver is tradable in 100 oz. increments with a minimum trade size of 100 oz.

If I have 400:1 leverage on my account, will I have to lower it to 200:1 to trade Gold and Silver?

No. If leverage is set on your account at greater then 200:1, only Gold and Silver will calculate margin using 200:1. Forex transactions will still be calculated at the leverage you have selected. If leverage on the account is less then 200:1 the entire account including Gold and Silver will be leveraged at the selected leverage.

What are the trading hours?

Trading hours are 24 hours daily starting Sunday at 18:00 ET to Friday at 16:30 ET, except for 17:15 ET to 18:00 ET from Monday through Friday when trading is closed.

How does the end of day process work?

It works like forex; you either receive or pay financing charges (premiums). If you are long you will be debited a financing charge of LIBOR +3%, if you are short you will be credited a financing charge of LIBOR -3%.

How is P/L calculated?

Gold is quoted in 1 cent increments. If you buy 1 oz. of gold at $915.23 and later close your position at $916.23, you would have a profit of $1.00. You may refer to the calculator in the platform to calculate your P/L in real time.

Can I take delivery on Gold and Silver?

No. This is a spot product that is continuously rolled over unless you close the position.

Do I have to open a new account?

No. You can trade Gold and Silver in your existing FX Solutions account.

Do I have to add margin to may FX Solutions account to trade Gold and Silver?

No. You do not need to add margin.
For more information, read our latest forex news.

ACM Awarded "Best Online Currency Trading Services"!

FXstreet.com — Wed, 06 May 2009 13:07:00 GMT

In April 2009, ACM (ac-markets.com) was awarded “Best Online Currency Trading Services” by World Finance at the London Stock Exchange.

The World Finance Awards were created in 2007 to identify industry leaders that represent the benchmark of achievement and best practices in the Financial & Business World.

Based on criteria such as innovation, quality of products and market development established by the World Finance panel of independent awards adjudicators, 40'000 industry decision-makers designated ACM as the 2009 winner.

ACM considers this prestigious award as an incentive to continue exceeding its client’s expectations.

Since its creation, ACM has been growing continuously and now has offices in Geneva, Zürich, New York, Dubai and Montevideo.

ACM offers its clients fast, efficient and secure access to four different trading platforms as well as outstanding execution conditions.
For more information, read our latest forex news.

FXCM Acquires U.S. and International Clients of i-Trade FX

FXstreet.com — Tue, 05 May 2009 15:47:00 GMT

Forex Capital Markets LLC (www.fxcm.com) today announced it has reached an agreement to acquire the U.S. and international retail forex clients of i-Trade FX. Subject to regulatory approval, accounts are expected to be transferred from i-Trade FX to FXCM on May 8, 2009.

Like several other forex firms, i-Trade FX has decided to cease offering service to US retail clients. Other firms that have decided to exit the U.S. retail business include ODL Securities, Hotspot FX, and CMC Markets. To offer retail forex trading services under NFA rules, Forex Dealer Members (FDMs) will be required to have a minimum of $20 Million in firm capital as of May 16, 2009.

i-Trade FX, a registered Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA), regards FXCM as a leader in the retail forex community and believes that FXCM offers clients excellent execution and customer service.

FXCM considers i-Trade FX a strong broker with an innovative touch. FXCM recognizes the many attributes i-Trade FX brings to the industry. i-Trade FX is diligently working with FXCM to make the transition as smooth as possible for all affected clients.

FXCM welcomes all clients from i-Trade FX. Most clients will benefit from FXCM’s Standard account features of low spreads  as low as 1 pip  and No Dealing Desk execution.* i-Trade FX clients using the MetaTrader4 (MT4) trading platform will continue to be able to use MT4. FXCM’s version of the MT4 platform offers No Dealing Desk execution and fractional pip pricing. FXCM also has a dedicated MT4 support team to help clients transition their accounts.

FXCM, with over $100 Million, has one of the largest amounts in firm capital.† FXCM was founded in the United States and has offices, partners, and affiliates in the world’s major financial centers, uniquely positioning FXCM to provide exceptional service to traders around the world. Furthermore, FXCM is regulated in the U.S., the U.K., France, Australia, UAE, Hong Kong, and Canada. FXCM’s domestic offices are located in New York, NY; Plano, TX; and San Francisco, CA; FXCM’s international offices include Hong Kong, Paris, Dubai, London, and Sydney.

FXCM will provide regular updates to clients throughout the transfer. FXCM staff is available to answer questions about the transition and can be contacted 7 days a week 24 hours a day via phone, e-mail and chat.

*Please note FXCM Micro in its discretion may or may not offset individual transactions unlike transactions in most FXCM Standard accounts

Source: http://cftc.gov
For more information, read our latest forex news.

M I G Investments Increases Share Capital to CHF 25Mio

FXstreet.com — Tue, 05 May 2009 08:40:00 GMT

Neuchâtel-based, leading Swiss FX broker, M I G Investments confirms a capital share increase to CHF 25Mio. The announcement is further evidence of the company’s solid growth and increasing market share since its inception in 2003.

Board members met last week to define the mitigation and scope of the increase in capital. The resulting decision raised the existing amount by CHF 15 Mio.

George Mansour, M I G Investments Chairman of the Board, asserts: "The Company is entering a new era. Despite today’s uncertain economic climate, the decision to increase our share capital to CHF 25 Mio is based on our positive market position and outlook for the industry. Our stellar financial performance last year, the commercial impact of regional business development and the increase in our client base as a result, and our high profile sponsorship of
Formula One’s Brawn GP, demonstrates our strong financial footing."

In 2008, M I G reported revenues of over CHF 60 Mio and currently achieves record monthly increases in its clientele base, with actual trading volume in excess of CHF 55 Bn.

This substantial hike in capital serves to reinforce M I G’s growth trajectory, providing greater security and increases
client confidence.

Last December, M I G submitted a Swiss Banking License application to the FINMA.
For more information, read our latest forex news.

Thursday's News Recap: Chrysler Declares Bankruptcy, U.S. Initial Claims Ease

CEP News — Thu, 30 Apr 2009 21:00:00 GMT

(CEP News)• Chrysler Files for Bankruptcy • U.S. Weekly Initial Jobless Claims Ease, Continuing Claims Soar• U.S. Consumer Spending Falls 0.2% in March• Canadian GDP Falls 0.7%

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For more information, read our latest forex news.

FXCM Opens in Dubai - Licensed by DMCC

FXstreet.com — Thu, 30 Apr 2009 16:31:00 GMT

FXCM Holdings LLC (www.fxcm.com) has opened an office in Dubai. Expanding its global footprint, FXCM DMCC (www.fxcmarabic.com) is licensed by the Dubai Multi Commodities Centre (DMCC) and is a Broker Member on the Dubai Gold & Commodities Exchange (DGCX). The UAE market presents a significant part of FXCM's international growth.

With a local presence, FXCM DMCC will offer:
. Local Customer Service: ― Arabic customer support
. Local Regulation: ― Regulated by DMCC, a broker member on the DGCX
. Local Wire Transfer: ― Quick deposit and withdrawal service COMING SOON

Located in the heart of Dubai, FXCM DMCC will offer full 24/7 Arabic services via phone, e-mail, and chat. The Dubai office will be open 10AM–7PM Dubai time, and all inquires will be forwarded to Arabic speaking teams in the U.S. during off hours.

Trade with confidence―Trade with FXCM DMCC:
. No Dealing Desk execution.
. Active Trader platform with five levels of market depth.
. Easy to use platform: fully customizable look and feel with integrated charts.
. Free Forex Trading Signals in Arabic with live account―Get trading buy/sell signals and alerts in real time.

Free Local Seminar:
Starting May 1, sign up for a free seminar at the FXCM DMCC office. Learn all about the forex market and its advantages, as well as an in-depth understanding of technical analysis and money management. http://www.fxcmarabic.com/dubai-forex-seminar.jsp

Come Visit Us!
FXCM DMCC
Al Barsha Business Center,
2nd Floor, Office 202
Dubai, UAE
Phone: 001-646-432-2955
Fax: 1-212-897-7669
E-mail: Arabic@fxcm.com
Web site: www.fxcmarabic.com

For more information, read our latest forex news.

Canadian GDP Falls in Line With Expectations Despite Boost in Auto Production

CEP News — Thu, 30 Apr 2009 12:45:00 GMT

(CEP News) - Canada's economy contracted in line with expectations in February, with real gross domestic product (GDP) down 0.1% from January, Statistics Canada reported Thursday.

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U.S. Consumer Spending Falls 0.2% in March as Income Slumps

CEP News — Thu, 30 Apr 2009 12:40:00 GMT

(CEP News) - U.S. Consumer Spending fell in March as a weak labour market continues to have a negative impact on personal income, the Bureau of Economic Analysis reported on Thursday.

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For more information, read our latest forex news.

Thursday's Events: U.S. PCE, Jobless Claims, ISM Chicago; Canadian GDP

CEP News — Thu, 30 Apr 2009 11:35:00 GMT

(CEP News) - The U.S. Personal Consumption and Expenditure report, ISM Chicago PMI, jobless claims and Canadian GDP data all figure prominently among the day's most anticipated economic events.

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For more information, read our latest forex news.

Overnight News Recap

CEP News — Thu, 30 Apr 2009 11:30:00 GMT

Overnight News Recap

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For more information, read our latest forex news.

Interbank FX President and Chairman Todd Crosland Named Utah Business Magazine CEO of the Year

FXstreet.com — Thu, 30 Apr 2009 10:18:00 GMT

Interbank FX, a global off-exchange retail foreign currency (Forex) broker headquartered in Salt lake City, Utah, announced today that its president and chairman, Todd Crosland, was named 2009 CEO of the Year for the Medium Sized-Private Company category by Utah Business magazine. Crosland was honored on March 24 at an exclusive reception at the Grand America hotel in downtown Salt Lake City.

“Each year, Utah Business magazine is proud to honor CEOs who have proven to be successful leaders in their companies and communities. This year we were pleased to honor Mr. Crosland,” said Sarah Ryther-Francom, managing editor of Utah Business magazine. “Interbank FX is one of Utah’s fastest growing companies and Crosland, who built the company from the ground up, has proven to be an exceptional leader and deserves such recognition.”

Crosland started Interbank FX at the end of 2001 to suit his needs as an individual investor in the forex market. From humble beginnings, Interbank FX has grown into a thriving global enterprise, serving more than 35,000 clients in 140 countries and rivaling Forex brokers in such financial centers as New York, London, Sydney and Tokyo.

Despite such growth and global success, Crosland never originally envisioned offering the company’s proprietary Forex trading technology to retail traders.

“It wasn’t until 2003, when a group of high frequency traders from Texas approached me about using our technology in their own currency trading, that I considered offering it to retail traders—and once enthusiasm for the technology began to grow, so did our customer base.”

Over the past year, in particular, Interbank FX has achieved rare success, despite market woes. In 2008, the company achieved record breaking revenues and set a new high of over US$80 billion in trading volume in a single month. In fact, 2008 marked the fifth consecutive year of nearly 100 percent revenue growth for the company, which boasts a current net capital in excess of US$42 million.
For more information, read our latest forex news.

Wednesday's News Recap: Fed Holds Rates and Purchases, U.S. Q1 GDP Collapses

CEP News — Wed, 29 Apr 2009 20:15:00 GMT

(CEP News)• FOMC Leaves Rates and Purchase Plans Unchanged• U.S. Q1 Advance GDP Plummets 6.1%• Germany Forecasts 6% GDP Decline in 2009

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U.S. Advance First Quarter GDP Plummets Beyond Expectations

CEP News — Wed, 29 Apr 2009 12:45:00 GMT

(CEP News) - U.S. advance GDP results were much worse than consensus forecasts in the first quarter, on the back of plummeting private investment and as trade levels continued to shrink.

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Wednesday's Events: U.S. Advance Q1 GDP, FOMC Rate Decision

CEP News — Wed, 29 Apr 2009 11:35:00 GMT

(CEP News) - U.S. advance first-quarter GDP and the FOMC rate decision figure most prominently on Wednesday's economic data menu along with the U.S. Treasury's refunding announcement.

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For more information, read our latest forex news.

Overnight News Recap

CEP News — Wed, 29 Apr 2009 11:30:00 GMT

Overnight News Recap

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For more information, read our latest forex news.

Alpari (UK) launches precious metals trading

FXstreet.com — Wed, 29 Apr 2009 10:36:00 GMT

Alpari (UK), one of the world’s fastest growing online foreign exchange (Forex) trading providers, today announced the introduction of Spot Gold and Spot Silver (non deliverable) against the US-Dollar. The launch of precious metals is a logical move whereby Alpari (UK) is complementing and diversifying its product offering in order to continue delivering a more comprehensive trading experience to its clients.

Alpari (UK) offers precious metals for both Classic and Demo Accounts. Spreads for Gold will be $0.75 during the day and $1.00 at night, and $0.10 day and night for Silver. One standard lot represents 100 troy ounces for Gold and 5000 troy ounces for Silver. Trading times are 24 hours a day and five days a week, with no commission on precious metal trades.

Details: GOLD SILVER

1 lot 100 troy oz. 5000 troy oz.

Minimum Volume 0.10 0.10

Spread (Day/Night) $0.75 / $1.00 $0.10

Tick value (Per 1 lot) $5.00 $50.00

Minimum price increment (Tick size) 0.05 0.01

Margin* 2%/5% 2%/5%

Instant Execution 5 lots 5 lots

CFDs on European, American and Asian equities will be available in the future.

*Margin will be 2% for position sizes up to 10 lots (Gold 1000 troy oz/ Silver 50,000 troy oz.) then 5% for larger positions.
For more information, read our latest forex news.

M I G Investment brings you DowJones Newswires in Multiple languages & Gives you more reasons to choose a Swiss broker

FXstreet.com — Wed, 29 Apr 2009 08:31:00 GMT

TRADING TECHNOLOGY
NEW – Bolster your industry knowledge and strengthen your trading with DOWJONES NEWSWIRES, offering real-time, complete news and information to private and professional traders, now directly available on the M I G Research Website. Try it for 30 days FREE when you subscribe to the M I G RESEARCH Website.

Already familiar with the English version of DowJones Newswires on the M I G Trading Station?
Now available in Russian, French, Spanish and Italian on the M I G RESEARCH Website – Coming soon in Chinese & Arabic.

The M I G RESEARCH Website provides rich tools and analysis dedicated to empowering your industry knowledge and improving your trading potential from some of the best analysts in the business. You get access to market analysis, tips, trends, and signals from market professionals.

Register here for your free 30 day trial to the M I G RESEARCH Website.

TRADING ADVANTAGES
Don’t let your FX trades be shackled by unfavorable trading conditions or regulatory hindrances.
With M I G Investments, we offer you more trading freedom and transparency. Our strategic location in Switzerland gives you the best of both worlds – A sound regulatory environment AND more financial freedom and discretion.
Personalize your Expert Advisor - M I G gives you the freedom to create and trade according to your own trading strategy - And gain more control over your trades by hedging your FX exposure.
Want to learn more about this and how we can enhance your trading potential? Call us at +41 32 722 81 00 to speak with a qualified Client support professional today.

For more information on our services or for support, do not hesitate to call +41 32 722 81 00 or send an email. You can also Request a Call Back or use our Live Chat online.
For more information, read our latest forex news.

Tuesday's News Recap: U.S. Consumer Confidence Rises, Home Price Declines Slow

CEP News — Tue, 28 Apr 2009 20:20:00 GMT

(CEP News)• U.S. Consumer Confidence Rebounds More than Expected• Pace of U.S. Home Price Declines Slows• Richmond Fed Manufacturing Continues to Improve

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U.S. Preview: First Quarter GDP to Expose Depth of Ongoing Recession

CEP News — Tue, 28 Apr 2009 19:55:00 GMT

(CEP News) - U.S. economic growth is expected to continue staggering with yet another steep drop in GDP forecast for the first quarter. However, many economists say the results won't be as bad as in the fourth quarter.

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Midday Market Recap: Stocks Rebound, Oil Down, Canadian Dollar Lower

CEP News — Tue, 28 Apr 2009 17:20:00 GMT

(CEP News)• S&P 500 up 0.2%• Oil Down 63 Cents• Canadian Dollar Lower

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Richmond Fed Manufacturing Activity Continues to Improve

CEP News — Tue, 28 Apr 2009 14:20:00 GMT

(CEP News) - Manufacturing activity in the U.S. Mid-Atlantic states continued to improve in April, according to a report from the Richmond Federal Reserve on Tuesday.

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U.S. Consumer Confidence Jumps Beyond Expectations in April

CEP News — Tue, 28 Apr 2009 14:15:00 GMT

(CEP News) - The U.S. Conference Board's consumer confidence index surprised to the upside in April, marking its largest jump since November 2005.

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Tuesday's Events: U.S. Consumer Confidence and House Prices; BOC & ECB-Speak

CEP News — Tue, 28 Apr 2009 11:35:00 GMT

(CEP News) - Some U.S. house price data and consumer confidence figures top the day's main economic events on Tuesday, along with some central bank speakers from the Bank of Canada and European Central Bank.

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Overnight News Recap

CEP News — Tue, 28 Apr 2009 11:30:00 GMT

Overnight News Recap

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CMS Forex Introduces VT Trader™ Web

FXstreet.com — Tue, 28 Apr 2009 08:36:00 GMT

CMS Forex, a worldwide leader in Forex trading, is pleased to announce the launch of a new web-based version of their proprietary trading software, VT Trader™ Web. With this latest addition to its suite of trading platforms, traders can access their accounts from more locations and without having to download or install any software. This comes after the prior launch of VT Trader™ Mobile, providing traders with access to the Forex market from most wireless devices.

With VT Trader™ Web, customers can trade currencies conveniently from any web browser, PC or Mac, allowing them to access the market from anywhere with an internet connection. Accountholders can now easily manage their accounts and place orders while in commute, on campus, at the workplace, or even at a library, restaurant, or Internet café. Users of VT Trader™ will find that VT Trader™ Web features the same streamlined interface, quick connectivity, and quality execution as our flagship platform.

“We are constantly finding ways to improve our clients’ trading environment and are very pleased to offer our clients more convenience with yet another way to trade Forex,” says CMS Forex’s COO Eugene Hawkin. “In today’s on-the-go society, no one wants to be tethered to their desktop and with VT Trader™ Mobile and most recently, VT Trader™ Web, our customers have the freedom to access the Forex market, despite being away from their own computers.”

VT Trader Web can be accessed by visiting http://www.cmsfx.com/en/trading-software/vt-trader-web/ and signing up for a practice account.
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Monday's News Recap: Swine Flu Fears Mount, GM Unveils New Viability Plan

CEP News — Mon, 27 Apr 2009 20:20:00 GMT

(CEP News)• WHO Raises Threat Level for Swine Flu Pandemic• GM Unveils Latest Restructuring Plan• Canada Posts 0.5% GDP Growth in 2008

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Midday Market Recap with Adam Button

CEP News — Mon, 27 Apr 2009 17:10:00 GMT

• S&P 500 Down 0.3%• Canadian Dollar Resilient • Treasury Yields Mixed

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Dallas Area Manufacturing Index Improves for Second Month Straight

CEP News — Mon, 27 Apr 2009 15:05:00 GMT

(CEP News) - Manufacturing in the Dallas Federal Reserve district posted a second consecutive monthly improvement, but is still within contractionary territory.

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BOE Says Full Impact of Asset Purchases "May Take Some Time" to be Observed

CEP News — Mon, 27 Apr 2009 13:25:00 GMT

(CEP News) Frankfurt - The Bank of England said that "it may take time" for the "full effect" of asset purchases to be seen in the economy.

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Alpari (US) launches new futures division

FXstreet.com — Mon, 27 Apr 2009 11:12:00 GMT

Alpari (US), LLC, a regulated Foreign Exchange company and global provider of online Forex trading, announced today the launch of Alpari (US) Futures Division (“Alpari Futures”) offering U.S exchange traded futures and options to domestic and international investors, speculators, hedgers and institutions.

Alpari Futures provides traders with access to U.S futures exchanges through a suite of advanced trading platforms including NinjaTrader, Trade Navigator, PATS and Trading Technologies. Essential technical trading tools including those offered by Trading Central, a leading investment research provider to financial market professionals, are now available for retail traders.

Alpari Futures completes the principals’ vision to establish a traditional Futures Commission Merchant (FCM) in the Futures and Forex industry:

Commenting on the launch of “Alpari Futures,” Andrey Vedikhin, co-founder of the Alpari group, noted, Alpari Futures distinguishes Alpari (US) from its FX competitors by providing commodities futures and options execution services. We recognize that investors are sophisticated and expect cutting edge technology along with professional customer service at competitive execution rates. As we have evolved into a broad-based, financial services company, we are committed to providing our customers with more robust products and technology, liquid financial instruments, and sophisticated market research and analysis.”

According to Olga Rybalkina, CEO of Alpari (US), LLC, “Alpari (US)’s philosophy is to be progressive. Our success in the Forex industry has allowed us to expand to become a traditional FCM. We are pleased to offer investors the opportunity to engage in OTC FX and U.S exchange traded futures and options through one firm.”

For more information about Alpari (US) Futures Division visit the interim website at www.alpari-futures.com or call 1-646-825-5767.
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FXstreet.com's FX Trader of the Year Live Contest

FXstreet.com — Fri, 24 Apr 2009 08:32:00 GMT

FX Trader of the Year Live Contest will begin on May 4th, 2009. This competition is open to any FX trader who has a real trading account with an equity of 2,000 USD or above. The winner will get a proprietary trader position at Nordmarkets, the official contest sponsor.

Also the winners will be invited to attend our next International Traders Conference edition (October 14-16, 2009) and give a speech about his trading plan and strategies. There will be other prizes for the following subcategories:

. Risk Expert - Nord's Favourite
. Best Winning Streak
. Best Winning Trade

Interested traders have to register at Nordmarkets website by filling a form:
http://www.nordmarkets.com/toty/toty09_form.html
After that, contestants have to enter FXstreet.com Forum (http://www.fxstreet.com/forum/showthread.php?t=48584) and post a message indicating that they accept the contest rules, as well as providing the name of their broker and account type (Standard or Mini).

At the moment there are 27 registered contestants, but we expect to reach at least 50 contestants before the contest starts.

The Live Contest starts just after FX Trader of the Year Demo Contest finishes. The Demo Contest has been a complete success, with 1218 contestants from 89 different countries participating. More than a third of the contestants have obtained returns above 100% using only a 5:1 leverage, while 748 contestants have lost half the account.

Last year, 764 traders participated to FXstreet.com's Contest, which was only organized with Demo Accounts. The four winners were Ryan Dixon (Jamaica) for the Maximum Run-up category, Boris Matusov (United States) for the Risk Expert - Nord's Favourite category, Ezekiel Tan (Australia) for the Best Winning Streak and See Yew Teck (Singapore) for the Best Winning Trade. Boris Matusov attended the ITC 2008 in Barcelona as well as See Yew Teck who also gave a speech, sharing his trading tips with the audience.
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Alpari (US) Launches New and Improved Website

FXstreet.com — Wed, 22 Apr 2009 08:13:00 GMT

Alpari (US), LLC, a regulated Foreign Exchange company and global provider of online Forex trading, announced today the launch of the new and improved company web presence at www.alpari-us.com.

The new web site welcomes current and prospective clients to the new face of Alpari (US) through an improved, user-friendly environment. Featuring comprehensive information about the company and its services, traders now have access to in-depth information on market news and analysis, Forex industry basics, account types, live client services, institutional programs, and much more. A new promotional area on all the site’s pages will inform customers about upcoming offers and new services throughout 2009.

Alpari (US)`s new website offers support to traders through a detailed FAQ section, query form, live chat and contact list of company phone numbers and e-mail addresses. The site is also available in the Spanish language at www.alpari-us.com/es/.
Alpari (US) encourages its clients to routinely check the website for updates as the firm continues to improve the quality of the information provided and offers more web services to enhance client experiences with Alpari (US).

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Swiss FX Company M I G Investments Sponsors the Brawn GP F1 Team

FXstreet.com — Mon, 20 Apr 2009 09:14:00 GMT

Neuchâtel-based online broker, M I G Investments, announces its official Team Partner contract with Brawn GP, winner of the first two Grand Prix races of the 2009 season and current leader of the Formula One World Championship. The 3-year partnership agreement comes into effect this weekend at the Chinese Grand Prix in Shanghai. M I G’s logo will feature this weekend on the nose and front wing of Jenson Button and Rubens Barrichello’s cars, and on their race-suits and team overalls as of the upcoming Barcelona Grand Prix.

Based in Neuchâtel, Switzerland, M I G Investments is a leading Swiss Forex broker founded and managed by the Mansour family. The company has experienced strong growth since its foundation in 2003, with 70 employees providing specialised FX services to clients in over 120 countries. In December 2008, M I G Investments submitted its application for a Swiss banking license.

As strong believers in cutting-edge technologies, innovative solutions and strategic business partnerships, M I G Investments and the Brawn GP team share similar values. The alliance is a logical step for the two companies which have both experienced rapid development.

Hisham Mansour, CEO of M I G Investments commented: “We are extremely proud to be joining ranks with Formula One’s newest sensation, the Brawn GP team. This collaboration marks an important synergy between two young, innovative and ambitious teams, both leaders in our respective fields. We share parallel formulas for success and believe strongly in the power of innovation, teamwork and dedication. Our partnership with Brawn GP is further testimony to our strong industry position and confidence. We look forward to a fruitful and rewarding relationship together.”

Ross Brawn, Team Principal at Brawn GP said: “We are delighted to welcome M I G Investments to Formula One and to the Brawn GP team. Our team has had a great start to the 2009 Formula One season and we are very pleased to have secured our third new partnership. In a difficult economic climate, it is a positive sign that the appeal of Formula One continues to attract new companies to invest in our sport. We look forward to working closely with M I G Investments to help drive global
awareness of their brand through the powerful communications platform of Formula One.”

Brawn GP’s championship-leading BGP 001 cars will display M I G branding on the Shanghai track as of today.
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ACM signs Partnership with ERI Bancaire

FXstreet.com — Thu, 16 Apr 2009 13:56:00 GMT

Leaders in their respective fields, ACM and ERI Bancaire have finalized a partnership for the implementation of the esteemed Olympic Banking System applications software.

ACM (www.ac-markets.com) is delighted with this collaboration which will offer both established and future clients the benefits of the best technologies and services in the field.

This makes ACM the first Swiss online financial institution to capitalize from a total synergy between the knowhow of ERI Bancaire and its development of proven trading platforms.

Already chosen by more than 280 banks and financial institutions in over 45 countries, Olympic grants ACM a considerable advantage over other online brokers and banks.

Since its inception, ACM has been at the forefront of development and now has offices in Geneva, Zurich, New York, Dubai and Montevideo. ACM offers clients prompt access, performance and security with four different, interchangeable platforms, in addition to remarkable conditions of execution.

www.ac-markets.com
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FXCM and DailyFX Offer New and Innovative Forex Trading Signals in Multiple Languages

FXstreet.com — Thu, 16 Apr 2009 09:41:00 GMT

FXCM (www.fxcm.com), in cooperation with DailyFX.com (www.dailyfx.com), announced the multi-lingual release of their forex Trading Signals in English, Spanish, Arabic, French, Russian, Chinese, and Japanese.

Exclusively available to FXCM’s live clients through the DailyFX+ Web site, forex Trading Signals offer highly interactive trading alerts that update automatically in real time, 24 hours a day, on a dynamic basis. The Trading Signals track six technical strategies across fourteen currency pairs, consisting of two focused on range-bound markets, two on breakout, and two on momentum strategies.

Customizable alerts update in real-time when the system triggers a change in any of the signals, allowing clients to update stops and limits, and to buy or sell. Each signal has a profit/loss indicator counted in pips to determine the profitability of a given signal. This is determined by comparing the current market price to the entry price, and assumes there is only one lot being traded.

The new signals are designed to be extremely user-friendly. Red and blue arrows indicate the market direction toward which the strategy expects price action to turn. Six boxes allow traders to display their favorite currency pairs (and they are saved on your browser, which is nice) to view the entire system in a single glance.
Watch our instructional video on the new DailyFX + Trading Signals: http://forex.acrobat.com/p76071208/
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FXCM: Leading Global Forex Firm Targets the German Market

FXstreet.com — Tue, 14 Apr 2009 09:42:00 GMT

Forex Capital Markets Ltd. announced the launch of the firm’s German desk. With this expansion, FXCM will strive to provide superior personalized customer support in German.

Because of FXCM’s access to highly competitive prices from our relationships with some of the world’s largest banks, and as a premier “No Dealing Desk” or agency execution forex firm focusing on German traders, FXCM offers clients no dealer intervention and tight spreads as low as 1 pip.

Through FXCM’s UK entity―regulated by the FSA― the FXCM German Desk will provide a variety of currency trading products, services, education, and a CFD product to launch in late 2009. FXCM will aim to deliver the best forex trading technology, resources, and customer service in German.

Benefits of Trading with FXCM
. No Dealing Desk execution
. No requotes from dealer
. Spreads as low as 1 pip
. Easy to use platform―fully customizable look and feel with integrated charts
. Customer service in German
. Regulated in six international jurisdictions: U.S., UK, Canada, Hong Kong, France, and Australia

Contact FXCM’s German Desk Manager, Jonathan Baumgart by e-mail at info@fxcm.de for more information.
Country Specific Toll-Free Numbers
Germany: 0800-101-4751
Switzerland: 00-800-2233-4466
Austria: 0800291095
Main Line +44 207 398 4050
E-mail: info@fxcm.de
Web site: http://www.fxcm.de/

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