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Equity Markets Soar on Friday

info@UFXBank.com (UFX Bank) — Sun, 08 Nov 2009 08:19:28 GMT

Daily Review 5/11/2009 USD Dollar (USD) – With continues rally in stocks the Dollar weakened as investors wait for today's payrolls data. Weekly Jobless Claims showed the labor market has enhanced slightly, to 512K vs. 520K expected. Also, the Nonfarm Productivity came out 9.5% better than expected 6.4%. The Equity markets soared, the Dow Jones finished above 10,000 for the first time since late October. The NASDAQ jumped 2.40% and the S&P 500 rose 1.92%. Gold (XAU) ended at $1,090 an

Trade of the Day

caseystubbs@gmail.com (Winners Edge Trading) — Sat, 07 Nov 2009 19:51:57 GMT

I did an article on Thursday about a 4HR Triangle setup. I am wondering if any one else attempted this method along with me. After I posted the article on Thursday the Eur/Usd did not move more than 5 pips for about 12 hours because traders were waiting for the Non-Farm Payrolls report to come out. When the report came out the price dropped out of the triangle and I entered short at about 1.4875 and the price went straight down to 1.4814 which is a total of 61 pips. I actually had a

Low Demand for Equities Indicative of Top

info@forexhound.com (ForexHound.com) — Sat, 07 Nov 2009 08:35:40 GMT

U.S. equity markets traded sideway-to-better after the government released a weaker than expected jobs report. The unemployment rate hit also hit a 26-year high at 10.2%. The bears see this report as a sign the economy is worsening. The bulls read it as a chance to continue to demand higher risk because it reduces the likelihood of a Fed rate hike until mid-2010. This means that liquidity will be readily available for at least the next six months. While this may be

Dollar Finishes Mixed in Sluggish Trading

info@forexhound.com (ForexHound.com) — Sat, 07 Nov 2009 08:33:17 GMT

The U.S. Dollar closed trading mixed after trading in a range most of the day following the release of a poor October jobs data report. The loss of 190,000 jobs was somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The unemployment rate climbed to a 26-year high to 10.2% and the world didn’t fall apart. Traders either believe this is the bottom in unemployment or they have become complacent which could mean huge volatility is looming. The Dollar was

Gold Weekly Technical Outlook

contact@oilngold.com (Oil N' Gold) — Sat, 07 Nov 2009 07:05:46 GMT

Comex Gold (GC) Gold resumed the long term up trend last week and surged to as high as 1101.9 so far. While intraday upside momentum is diminishing a bit, further rise is still in favor as long as 1084 minor support holds, towards next fibonacci target of 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2. On the downside, though, below 1084 will turn intraday bias neutral and bring pull back, possibly to 4 hours 55 EMA (now at 1071.4) before staying another rise. In the bigger picture,

EURUSD rebounded from 1.4626 level

info@forexcycle.com (ForexCycle.com) — Sat, 07 Nov 2009 05:19:23 GMT

After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in favor. Key support level is located at 1.4626, fall below this level will indicate that the uptrend from 1.3748 has completed at 1.5062 already, then the following downtrend could take price back to 1.4000 area. For long term analysis, EURUSD remains in long term bullish

The Trading Week: Nov. 8 - Nov. 13

trader@allthingsforex.com (AllThingsForex) — Fri, 06 Nov 2009 23:40:17 GMT

Nov. 6, 2009 (Allthingsforex.com) – With the German, the French and the Euro-zone Industrial Production and Gross Domestic Product reports scheduled for release in the week ahead, it is fair to assume that traders will look for a confirmation of the anticipated return to growth of the Euro-zone’s economy. In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to. Sunday, Nov. 8 will begin

Forex: EUR/USD: Euro post weekly gains

FXstreet.com — Fri, 06 Nov 2009 22:49:00 GMT

FXstreet.com (Córdoba) – Despite a decline on Friday, the Euro ended the week 0.79% higher against the Dollar. EUR/USD finished Friday trading in a range between 1.4830 and 1.4850. The Dollar failed to confirm a break below 1.4700 and on Wednesday the Euro rallied after the FED decided to leaves rates unchanged but on Friday was unable to hold above 1.4900.

The rally of the Euro against the Dollar eased in the last two weeks as EUR/USD failed to reach levels above 1.5060. Current environment is not very optimistic about the economic recovery, helping the Dollar that works as a refuge for investors.

Michael J. Malpede, analyst at Easy Forex comments: “The technical outlook for the EUR is positive as the EUR trades above 1.4900. Expect EUR support at 1.4810 the November 5th low with resistance at 1.5065 the October 23rd high.”

For more information, read our latest forex news.

U.S. markets ended with small gains, up for the week; Dollar mixed

FXstreet.com — Fri, 06 Nov 2009 21:32:00 GMT

FXstreet.com (Córdoba) – Wall Street rose moderately on Friday. The Dow Jones ended up 0.17% but posted sharp gains for the week, around 3%. Unemployment reaching the highest level in 26 years did not stop stocks. Dollar ended mixed across the board and the Yen higher.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the highest level in the last 26 years.

Peter Possing Andersen, Signe Roed-Frederiksen from the Danske Bank A/S affirms: “Given our outlook for around 4% GDP growth in the current and the coming two quarters, we continue to expect payrolls to be back in positive territory around year-end. (…) We expect the kick-start to the economy to be enough to foster a further improvement in the labour market. A return to positive job growth will be crucial for consumers going forward.”

Gold posted new historic high by rising above $1,100. On the opposite side crude oil fell sharply, lost weekly gains and ended below $78 a barrel.

The rise in gold boosted the Australian Dollar that jumped from 0.9090 to 0.9198, posting a one-week high. The Canadian Dollar affected by the decline in crude oil prices, fell for the second day in a row. USD/CAD ended the week above 1.0720.

For more information, read our latest forex news.

US Session News Summary

support@ecpulse.com (ecPulse.com) — Fri, 06 Nov 2009 21:17:50 GMT

Canada Unemployment Rise Canada released today the unemployment report for the month of October, whereas unemployment rose in October to 8.6% from the prior reported rise of 8.4% and above median estimates of 8.5%. Meanwhile, the change in Non-farm payrolls showed that employers shed in October 43,200 jobs following the prior added 30,600 back in September. US unexpected gloomy unemployment rate The US released its Unemployment rate for October showing an unexpected depressing incline as it

Forex: GBP/USD: Cable hovering around 1.6600

FXstreet.com — Fri, 06 Nov 2009 20:34:00 GMT

FXstreet.com (Córdoba) – The Pound rebounded at 1.6575 and rose back to the 1.6600 zone. GBP/USD has been steady, moving sideways between 1.6615 and 1.6590. The pair is heading toward a moderate weekly gain, the second in a row.

The pair rose on Friday to 1.6635 to test intra-week highs but failed to break above. After the release of the payrolls data in the U.S. the pair weakened and moved away from the highs.

Michael J. Malpede, analyst at Easy Forex comments on the coming week: “Next weeks UK economic calendar includes the November 10th release of October BRC retail sales expected at 1.8% compared to 2.8%. September trade balance will also be released on November 10th expected at -6.11bln compared to 6.24bln last month. On November 11th September unemployment will be released expected 8% compared to 7.9% of average earnings unchanged at 1.6% and the claimant count at 27k.”

For more information, read our latest forex news.

Majors narrow trading…

support@ecpulse.com (ecPulse.com) — Fri, 06 Nov 2009 19:32:35 GMT

So far, the major pairs is narrow trading after that the dollar appeal as a refuge was boosted slightly throughout the currencies market in the previous EU session after that the US Jobs report came out gloomy and worse than forecasted, having the jobless rate of the country climbing to the highest in 26 years to 10.2%, which forecasts that the Fed will keep the interest rates low for a long extended period. As a result, the euro-dollar is narrow-trading so far due to technical movements and

Forex: Yen consolidates gains across the board

FXstreet.com — Fri, 06 Nov 2009 19:18:00 GMT

FXstreet.com (Córdoba) – The Yen is posting important gains across the board on Friday. The Japanese currency started to rally after the Non-farm payrolls data. USD/JPY is steady and trades around 89.82/85, 0.95% below today’s opening price. The pair tumbled almost a hundred pips since the announcement of the U.S. unemployment data as it fell to 89.60 (intra-day low).

Against European currencies the yen trades near the lows of the day. GBP/JPY failed to hold above 150.00 and fell to 148.40, daily low. Currently the pair trades at 149.15, 0.85% below today’s opening price. EUR/JPY is falling further as it trades 1.20% below the price it had at the beginning of the day. The pair is testing the lows of the day at the 133.20 zone.

Michael J. Malpede, analyst at Easy Forex comments: “JPY traded sharply higher supported by a spike in risk aversion as equities markets decline in reaction to a report of worse than expected US October unemployment. The US unemployment data generates concern about the outlook for US recovery and may reduce demand for high risk assets. JPY was also supported by report that Japans September leading indicators rose 3.2 points and the coincident indicator rose 1.3 points. The rise in Japans leading indicators is another sign that Japan's economy is recovering. A record rise in the price of gold also contributed to dollar selling pressure.”

For more information, read our latest forex news.

US: employment, not as bad as it looks

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 18:50:31 GMT

The October labour market report embedded both positive and negative news. The unemployment rate jumped to 10.2% but the decline in non-farm payrolls slowed to -190K. With a net revision of +91K, the overall payroll decline was better than expected. Hourly earnings were better than expected and compensation growth is back in the black. We continue to expect non-farm payrolls to revert to positive readings around year-end and see a chance for a downward revision in unemployment in December.

Dollar index bull fund call options continue to attract attention

info@interactivebrokers.com (Interactive Brokers LLC) — Fri, 06 Nov 2009 18:46:29 GMT

UUP - PowerShares DB U.S. Dollar Index Fund – Call options continue to be bought again today in this ETF tracking the performance of the U.S. dollar index. We’re coming around to the view that rather than expecting a bullish perspective on the behavior of the dollar, some savvy options traders paid attention to the filing on Tuesday by the fund’s managers who noted that they may have to create more shares in order to meet growing demand. Heavy option activity followed, which may have created

Headline unemployment rate creates dollar shocker

info@interactivebrokers.com (Interactive Brokers LLC) — Fri, 06 Nov 2009 18:42:47 GMT

We’re not quite sure what all the fuss is about this morning when it comes to splicing and dicing the non-farm payrolls report. A 10.2% headline national rate of unemployment - the first in 26 years grabbed attention upon the announcement and created an avalanche of currency selling in favor of the dollar by investors. And how wrong they were! The actual payroll decline of 190,000 might have been 15,000 more than analysts were primed for but it was only the second time since August 2008 that

USD mixed, unemployment rises to 10.2%

info@easy-forex.com (Easy Forex) — Fri, 06 Nov 2009 18:39:33 GMT

USD: Lower, rising US unemployment reduces the odds of a mid-2010 Fed tightening, stocks mixed JPY: Higher, September leading indicator rises, safe haven demand on weak US jobs data EUR: Mixed, German industrial orders rise, ECB signals the start of its exit strategy GBP: Mixed, PPI rises, BOE may be nearing final stages of quantitative ease CAD and AUD: AUD higher & CAD lower, hawkish RBA policy statement, Canada lost jobs in October Overview US October unemployment came in worse than

Today's Live Show: Will the Euro-zone Data Lead to a Stronger EUR Next Week?

trader@allthingsforex.com (AllThingsForex) — Fri, 06 Nov 2009 18:14:33 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: Will the Euro-zone Data Lead to a Stronger EUR Next Week? We list the Top 10 spotlight economic events that will put the EUR in the spotlight next week and explore to potential for the

More short-term strength

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 17:16:32 GMT

Global update Global PMI increased to 55.7 in October indicating a further strengthening of global growth in the next couple of quarters. Signs of a recovery in domestic demand are emerging, but the markets are still questioning the sustainability of the recovery in the developed countries. BoE expanded asset purchases slightly less than expected and was slightly more optimistic in its rhetoric on the economy. BoE is not likely to deliver more QE. ECB kept rates on hold and was slightly more

Forex: EUR/USD pulls back to 1.4830

FXstreet.com — Fri, 06 Nov 2009 17:05:00 GMT

FXstreet.com (Córdoba) – The Euro failed to hold above 1.4900 against the Dollar and pulled down to 1.4830. Currently the pair is hovering around 1.4840, 0.15% below today’s opening price. On the downside, if the support at 1.4830 gives up the pair could fall further to intra-day lows that lie at 1.4810. The next support is located at 1.4775.

FastBrokers Research Team affirms: “Technically speaking, The EUR/USD still faces multiple downtrend lines along with October highs and the highly psychological 1.50 level. As for the downside, the EUR/USD also has multiple uptrend lines serving as technical cushions to go along with 11/05 and 10/27 lows. In other words, the EUR/USD’s near-term direction bias is still a toss-up, meaning investors should actively monitor the currency pair’s interaction with our technical levels for any telling movement in either direction.”

For more information, read our latest forex news.

Comprehensive FX and Futures Daily Research

info@fastbrokers.com (FastBrokersFX) — Fri, 06 Nov 2009 16:44:20 GMT

Daily Market Commentary EUR/USD Fluctuates Despite Negative U.S. Unemployment Data The EUR/USD is fluctuating around our 1st tier downtrend and 4th tier uptrend lines as investors digest the worse than expected U.S. unemployment data. The headline Unemployment Rate breached 10% (10.2%) and the services unemployment change data also came in weaker than anticipated. While we would normally expect a sharp pullback in the EUR/USD and broad-based preference for the Dollar in reaction to the news,

The dollar retraces gains

support@ecpulse.com (ecPulse.com) — Fri, 06 Nov 2009 16:42:15 GMT

The U.S. dollar pared its advance seen after the release of abysmal non-farm-payrolls report earlier today. The labor report showed that unemployment rose to the highest in 26 years to 10.2%. The dollar index, a gauge of the dollar's strength versus six major currencies is now at 75.69 after reaching a high of 75.96 after the news. As regards to the euro-dollar pair, it is showing a slight decline on the daily charts, but inclining on the 4-hour and 1-hour charts. The euro area lacked

Forex: GBP/USD fails to hold above 1.6600

FXstreet.com — Fri, 06 Nov 2009 16:29:00 GMT

FXstreet.com (Córdoba) – Cable recovered from losses against the Dollar that occurred following the NFP report. GBP/USD tumbled to 1.6515 (intra-day low) but rebounded sharply and rose back above 1.6600 to 1.6615 after the opening bell at Wall Street. But the Pound was unable to hold on top of 1.6600 and currently trades at 1.6575/80, at the same prices it had at the beginning of the day.

Valeria Bednarik, Fxstreet.com collaborator, affirms: “Consolidating under 1.6600, pair remains printing higher highs, yet no clear signs come form hourly indicators. Bigger time frames one also remain flat, yet with a slightly bullish perspective for next hours. Pair needs to move above the 1.6640 area, to extend the upside close to 1.6690. On the contrary, if loses 1.6520 support, downside likely to accelerate.”

For more information, read our latest forex news.

US: Wholesalers' Inventory Drawdown Slowed Marginally

sam.bullard@wachovia.com (Wells Fargo Investments, LLC) — Fri, 06 Nov 2009 16:08:54 GMT

To close out the third quarter, wholesalers drew down inventory at a slightly slower 0.9 percent pace. Sales improved 0.7 percent, slower than the prior month primarily due to the expiration of cash-for-clunkers. Sales Improved as Inventory Declines Continue The massive inventory cycle is continuing as expected; wholesalers have made significant progress in drawing down inventories in a persistently weak sales environment. Sales increased at a slower pace as automotives gave back summer’s

Forex: USD/JPY falls further to 89.60

FXstreet.com — Fri, 06 Nov 2009 16:01:00 GMT

FXstreet.com (Córdoba) – The Dollar is falling further against the Yen and continues its decline from 90.70. USD/JPY recently posted a fresh intra-day low at 89.59 and is approaching to the lowest price of the week that lies at 89.15. At the moment, the pair has found support at the 89.60 zone, but still remains under pressure.

Greenback lost weekly gains and currently trades at the same levels it had at the beginning of the week.

Against European currencies the Yen is rising further. GBP/JPY fell to 148.40, posting a fresh intra-day low. EUR/JPY slid to 133.20, daily low and currently is pulling back to levels above 133.50.

For more information, read our latest forex news.

Fed, BOE and ECB kept rates on hold

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 06 Nov 2009 15:50:05 GMT

Overview Alternating up and down days this week as many instruments hover at 50-day moving averages and/or longer term trendlines – while waiting for today’s important US Jobs report. Much talk of investors looking to increase holdings of ‘risky’ assets, explaining spot Gold’s rally to a new record $1097.25. Gold, risky? Since 1970’s move to floating exchange rates it has been shown to be the only store of wealth to retain its purchasing power. Equity indices recovered some of last week’s

Fed, BOE and ECB kept rates on hold

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 06 Nov 2009 15:50:05 GMT

CDS indices remain range bound

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 15:45:01 GMT

Summary CDS indices remain range bound CIT files for chapter 11 RBS forced to sell off assets Lloyds announces debt exchange offer and rights issue Headlines from the credit market this week Banks are back in the headlines following CIT’s filing for chapter 11 as well as the restructuring plans by RBS and Lloyds (more on all three topics below). Nonetheless, both the senior financial CDS index as well as iTraxx Europe remain largely unchanged from last week. Currently, iTraxx

Forex: EUR/USD: Euro extends recovery and reaches day high at 1.4915

FXstreet.com — Fri, 06 Nov 2009 15:35:00 GMT

FXstreet.com (Barcelona) - The Euro has bounced strongly at 1.4810 after post NFP plunge, and the pair has risen back to test 1.4900 resistance area, after hitting a new intra-day high at 1.4915.

Initial resistance lies at 1.4915 (Nov 5 high), and above here, 1.4927 (Oct 27 high) and 1.4960/75. On the43 downside support levels lie at 1.4855, and below here, 1.4810 session low and 1.4770.
For more information, read our latest forex news.

U.S. markets, slightly up after negative opening; Dollar pares gains

FXstreet.com — Fri, 06 Nov 2009 15:13:00 GMT

FXstreet.com (Barcelona) - U.S. markets have opened Friday's session with declines following a weaker than expected Non-Farm payrolls report although they have swung to slight gains after a volatile opening. The Dollar has pared post NFP gains and reaches back to session lows against Euro and Pound.

Dow Jones Index Industrials Index trades 0.2% up while the Nasdaq Index adds 0.3%, and the S/P Index advances 0.1% in the first hour of trading.

On the macroeconomic front, U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, its highest level in the last 26 years.

Dollar pares gains and returns to lows

EUR/USD has plunged from 1.4870 all the way to 1.4810 support level immediately after U.S. payrolls data was released, but the Euro bounced strongly at 1.4810 and has returned to test 1.4900 at the moment of writing.

GBP/USD dropped from 1,6580 to session low at 1.6515 to bounce afterwards, returning to levels right below 1.6600 at the moment of writing.

USD/JPY has plunged from 90.70 before U.S. employment data was released, to reach levels below 90.00, hitting an intra-day low at 89.80.
For more information, read our latest forex news.

US Sep Wholesale Inventories decline 0.9% in September

FXstreet.com — Fri, 06 Nov 2009 15:00:13 GMT

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

Forex: USD/JPY: Dollar weakness further against the Yen and falls to 89.80

FXstreet.com — Fri, 06 Nov 2009 14:54:00 GMT

FXstreet.com (Córdoba) – Greenback is falling across the board. USD/JPY continues to fall, following a sharp decline after the release of the Non-farm payrolls data. The pair has fallen to 89.76, posting the lowest price since last Monday.

The Yen pulled back and currently trades at 89.95/90.00, 0.75% below today’s opening price. The pair is still under pressure. Greenback has lost previous gains and trades near the same level it had at the beginning of the week.

According to the ecPulse.com analysis team the trading range for today is among the key support at 88.00 and the key resistance at 92.35 and on a wider view the general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60.

For more information, read our latest forex news.

USDJPY is moving towards support level at 89.55

fxquestions@investija.com (Investija.com) — Fri, 06 Nov 2009 14:37:33 GMT

EURUSD Two previous sharp candle movements didn't affect this pair at all. Bulls still are trying to climb towards resistance. GBPUSD Bulls couldn't keep up such strength anymore above resistance. But while support line holds, bulls are in safe zone. NZDUSD Boring situation remains, waiting is better option. USDCHF This pair is still trapped between two barriers. Waiting situation remains. USDCAD After a breakout of resistance, this pair has extended their prior moves with enormous positive

Forex: GBP/USD rebounds at 1.6515 and rises to 1.6575

FXstreet.com — Fri, 06 Nov 2009 14:29:00 GMT

FXstreet.com (Córdoba) – Cable tumbled to 1.6515, posting a fresh intra-day low, following Non-Farm payrolls data. GBP/USD rebounded and rose to 1.6275, a few pips below the price it had before the release of the information. Currently the pair trades at 1.6560/70, 0.10% below today’s opening price.

Initial support level for the Pound lies at 1.6510 and below here, 1.6465/75 (Nov 5 high/Nov 2 low) and 1.6400 (Nov 4 low). On the upside, resistance levels remain at 1.6600, and 1.6635 (Nov 5 high).

Against the Euro, Cable ius trading at the lowest level of the day. EUR/GBP rose to 0.8980, daily high but then pulled back. The pair is still moving sideways, with no clear trend for the day and currently trades at the same level it had at the beginning of the day.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the highest level in the last 26 years.

For more information, read our latest forex news.

London Gold Market Report

info@bullionvault.com (BullionVault.com) — Fri, 06 Nov 2009 14:28:02 GMT

Gold Gains 5% for the Week as Stocks Fall on Shock US Jobs Data THE PRICE OF GOLD rose sharply from a fresh all-time Gold Fix of $1095 per ounce in London on Friday after new data put US unemployment at a 26-year high of 10.2% in October. Average hourly wages improved – up 0.3% month-on-month – but the average working week held at 33.0 hours. Canada also lost jobs in Oct. new figures showed, taking unemployment to 8.6%. The UK reported weaker-than-expected wholesale price inflation. German

Forex: EUR/USD: Euro bounces up from 1.4810, back to 1.4870

FXstreet.com — Fri, 06 Nov 2009 14:27:00 GMT

FXstreet.com (Barcelona) - Euro post-NFP decline has been held at 1.481o support level, and the pair has picked up reaching back to pre-payrolls levels, around 1.4870 ahead of Wall Street opening.

On a longer term point of view, Mohammed Isah, technical analyst at FXTechstrategy points out to 1.4844 level as key for further appreciation: "Though currently trading above its key resistance at the 1.4844 level, a firm hold above there is required to signal further upside strength. Potential for additional higher prices exist towards its Oct 27’09 high at 1.4926."

Below 1.4844, Isah foresees increasing bearish pressure driving the pair towards 1.4625: " On a failure above the 1.4844 level, downside pressure should shape towards the 1.4625 level ahead of its MT rising trendline, currently at 1.4593 where we expect a cap."
For more information, read our latest forex news.

Yen surges against Pound and Euro on weak U.S. employment data

FXstreet.com — Fri, 06 Nov 2009 14:06:00 GMT

FXstreet.com (Barcelona) - The Yen has soared across the board on the back of a sudden risk aversion wave after a weaker than expected U.S. Non-Farm Payrolls report showing that unemployment rate rose to its highest level in the last 26 years in the U.S.

GBP/JPY has plunged from levels right below 150.50 to 148.75 low immediately after U.S. NFP data was released. At the moment, the pair trades right at 149.00 with 148.55 support (Nov 5 low) on sight.

EUR/JPY has dropped from 135.90 level right before the release of NFP data to 133.45 low, right above Nov 5 low at 133.35. In case of further decline, next support levels lie at 132.50.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%
For more information, read our latest forex news.

Forex: USD/CHF jumps to test 1.0200 following Non-Farm payrolls data

FXstreet.com — Fri, 06 Nov 2009 14:04:00 GMT

FXstreet.com (Córdoba) – The Dollar rose sharply across the board after the release of payrolls data. Against the Swiss Franc jumped from 1.0155 to 1.0202, posting a fresh intra-day high. USD/CHF then pulled back and currently trades around 1.0180, 0.30% above today’s opening price.

Greenback is rising for the second day in a row against the Franc but is still down for the week, after tumbling on Wednesday.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the highest level in the last 26 years.

For more information, read our latest forex news.

Chart EUR/USD Update: Resistance at 1.4865/70

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 06 Nov 2009 13:59:44 GMT

Published at 13:46 (GMT) 06 Nov

Forex: GBP/USD: Pound plunges from 1.6585 to 1.6525 on weak payrolls data

FXstreet.com — Fri, 06 Nov 2009 13:51:00 GMT

FXstreet.com (Barcelona) - The Pound has extended its retreat from 1.6600 area on the back of weaker than expected U.S. Non-Farm payrolls data, with the pair hitting a session low at 1.6525 to bounce somewhat later to levels around 1.6550 at the moment of writing.

Initial support level for the Pound lies at 1.6510 and below here, 1.6465/75 (Nov 5 high/Nov 2 low) and 1.6400 (Nov 4 low). On the upside, resistance levels remain at 1.6600, and 1.6635 (Nov 5 high) and above here, next resistance would be 1.6695 (Oct 23 high)

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the highest level in the last 26 years.
For more information, read our latest forex news.

Forex: USD/JPY tumbles to 90.05 after NFP

FXstreet.com — Fri, 06 Nov 2009 13:50:00 GMT

FXstreet.com (Córdoba) – The Yen jumped against the Dollar after the release of the employment report. USD/JPY fell sharply from 90.60 to 90.04, posting a fresh intra-day low. If the pair falls below 90.00 the next support lies at 89.85 (Nov 3 low) and 89.60. The Yen rose even further against European currencies after the unemployment data.

GBP/JPY tumbled from 150.20 to 149.00, the lowest level of the day, in a few minutes. EUR/JPY plunged from 134.80 to 133.60 (intra-day low), the next support is located at 133.30.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%.

For more information, read our latest forex news.

Forex: USD/CAD rises to 1.0740 after the NFP data

FXstreet.com — Fri, 06 Nov 2009 13:50:00 GMT

FXstreet.com (Barcelona) – The Dollar has risen against the Canadian to trade at daily highs after the worst than expected unemployment data released today. USD/CAD has climbed 50 pips in the minutes following data from 1.0690 to hits intra-day high at 1.0740.

Currently USD/CAD is trading around 1.0735/45, extending gains from 1.0605 in the European session and reaching 1.00% daily gains from opening price action at 1.0647.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline expected by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the Dollar has soared across the board.
For more information, read our latest forex news.

Currency Currents

jcrooks@blackswantrading.com (Black Swan Capital) — Fri, 06 Nov 2009 13:47:27 GMT

Key News The world’s biggest central banks are starting to unwind emergency measures introduced earlier this year to stave off a second Great Depression. (Bloomberg) German factory orders rose for a seventh month in September. (Bloomberg) Quotable “The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”

Forex: EUR/USD reacts down after the worst than expected US unemployment data

FXstreet.com — Fri, 06 Nov 2009 13:41:00 GMT

FXstreet.com (Barcelona) – The Euro has reacted down against the Greenback on the back of the worst than expected October unemployment data. EUR/USD has fallen 55 pips in the minutes following the data from 1.4875 to break MA55 hourly at 1.4845 and hit intra-day low at 1.4820.

Currently the pair is trading around 1.4850/60, 0.05% below today's opening price action at 1.4870.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline expected by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the Dollar has soared across the board.
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Dollar and Yen soar on weak U.S. payrolls data

FXstreet.com — Fri, 06 Nov 2009 13:41:00 GMT

FXstreet.com (Barcelona) - U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the Dollar has soared across the board.

EUR/USD has extended its retreat from 1.4905 session high with a 50 pips post-NFP decline hitting 1.4820. GBP/USD has plunged from 1.6585 to 1.6525 after payrolls data was released, and the USD/JPY Plunged from 90.70 to 90.12.
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USD mixed, Canada's unemployment rate rises to 8.6%

info@easy-forex.com (Easy Forex) — Fri, 06 Nov 2009 13:31:57 GMT

FX Highlights The USD is trading mixed as yesterday’s strong stock market gains had little impact on the Forex market, AUD is supported by RBA policy statement which states that interest rates will need to gradually rise, the RBA also raised its growth and inflation forecasts, Swiss unemployment comes in better than expected, UK output prices rise, German industrial orders rise more than expected, CAD trades lower as Canada posts an unexpected loss of jobs in October and higher unemployment,

U.S. Markets Brace for Jobs Data

info@forexhound.com (ForexHound.com) — Fri, 06 Nov 2009 13:30:31 GMT

The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report. Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs. The key will be how investors react if the unemployment rate reaches or exceeds 10%. Some say this figure is built into the market. The U.S. jobs report will set the tone for the day as it represents a way to gauge the health of the economy - namely consumer spending. This year’s report

US Nonfarm Payrolls decline by -190 in October; Unemployment rate up to 10.2%

FXstreet.com — Fri, 06 Nov 2009 13:30:29 GMT

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OECD leading indicators still point to very strong growth

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 13:27:05 GMT

OECD’s leading indicators for September were released today (OECD publication). The data continue to point to very strong growth in coming quarters, but also give the first early signals that momentum may fade a bit around Q1/Q2 2010. This is broadly in line with our expectations for global growth. We expect very strong growth in Q4 2009 and Q1 2010, but a soft patch setting in around Q2/Q3 2010. For now the leading indicators continue to support risky assets, but we may soon be reading

US Morning Briefing

info@ransquawk.com (RANsquawk) — Fri, 06 Nov 2009 13:22:54 GMT

Overnight News Asia: Lead 10-year Japanese government bond futures briefly touched a three-month low hurt by a rise in Tokyo share prices and the previous day’s weak 10-year auction. JGBs were trading at 137.55 (-0.05) at 0614 GMT. Nikkei rose 0.7% as exporters climbed after good news on US jobs renewed hopes about the pace of economic recovery and as tech shares rose after gains by their US peers, but profit-taking weighed on gains. Pioneer Corp. advanced nearly 9% after UBS upgraded the

Dollar Trading Lower Ahead of U.S. Jobs Data

info@forexhound.com (ForexHound.com) — Fri, 06 Nov 2009 13:20:29 GMT

The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report. Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs. The key will be how investors react if the unemployment rate reaches or exceeds 10%. Some say this figure is built into the market. Yesterday the Bank of England announced that interest rates would remain at the historically low 0.50% level. The BoE did increase its quantitative easing program

The correction is not over yet

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 13:18:07 GMT

Focus on inflation and GDP In the coming week the macroeconomic calendar is dominated by inflation numbers for October and GDP numbers for Q3, for a number of countries across the region. While we expect to see some stabilisation in the GDP numbers for the Czech Republic and Hungary, the Estonian and Lithuanian data are likely to show a continued deterioration in the macroeconomic environment. In terms of inflation, we are likely to see inflation continue to inch down across the region. That

Technical Major Currencies Midday Report

support@ecpulse.com (ecPulse.com) — Fri, 06 Nov 2009 13:14:25 GMT

EUR/USD The euro versus dollar pair is still suffering from the extreme resistance from 1.4905, which forces it to continue to move bearishly. Through the image above, we see bullish technical pattern forming, while we await the breach of its neckline at 1.4905 to open a way to achieve the expected bullish trend for today. It is important to observe the time U.S. unemployment and wages data will be released, where it is expected at 13:30 GMT, which will always cause mixed volatile trading on

Most commodities have risen a little overnight.

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 06 Nov 2009 13:12:04 GMT

Commodity news Most commodities have risen a little overnight. Equities performed strongly yesterday on better-than-expected US jobless claims and upbeat earnings reports; EUR/USD little changed this morning. A copy of the IEA’s forthcoming World Energy Outlook leaked to the FT stated that “global gas markets have evolved from a seller’s market, driven by tight supply and demand, to a buyer’s market as demand weakens while new supply comes on stream”. The IEA projection of overcapacity of gas

EURUSD: Trades Above The 1.4844 level

m.isah@fxtechstrategy.com (FXTechstrategy) — Fri, 06 Nov 2009 13:09:52 GMT

HIGHLIGHTS: EURUSD: Trades Above The 1.4844 level - The pair remains hesitant giving back its intra day losses to test a high of 1.4917 before closing marginally higher at 1.4876 on Thursday. USDJPY: Weakness Still Seen - Although USDJPY reversed its intra day losses to close higher on Thursday, while holding below the 91.31 level and within … EURUSD EURUSD: Trades Above The 1.4844 level. EURUSD - The pair remains hesitant giving back its intra day losses to test a high of 1.4917 before

Forex: AUD/USD retreats to 0.9150 after hitting intra-week high at 0.9175

FXstreet.com — Fri, 06 Nov 2009 12:54:00 GMT

FXstreet.com (Barcelona) – The Aussie is trading on consolidation mode against the Greenback after the last bullish movement which take the AUD/USD to hit highest levels since the Oct 29 at 0.9175. The pair has slid to test 0.9150 level during the European session.

Currently the pair is trading around 0.9150/60, 0.60% above today's opening price action at 0.9100. AUD/USD is extending its advance from yesterday low at 0.9025.

The Kshitij Consultancy Service Team comments: “Aussie broke above the 21-DMA Resistance (0.9141) during the day as expected and is now trading higher. As mentioned earlier we might see a rise towards 0.9200-20 in the US session today. Note that the projected Max-High for the day is 0.9224. Any sharp downmove is not looking likely now. However, if the immediate Resistance at 0.9180 holds and the pair gains downside momentum, we might see downmove towards 0.9050 in the US session today.”

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Chart EUR/CAD Update: Bounce must extend into the close

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 06 Nov 2009 12:53:18 GMT

Published at 12:38 (GMT) 06 Nov

Unemployment Probably Rose to 9.9% in the United States, as Employers Shed 175K Jobs in October!

support@ecpulse.com (ecPulse.com) — Fri, 06 Nov 2009 12:46:02 GMT

Investors are waiting impatiently for the infamous jobs report, as it should provide a better picture for the current conditions in the U.S. labor market, though we all know that the labor market is still under pressure from the ongoing economic weakness and will probably remain under pressure over the upcoming period, as companies continue to layoff workers in order to cut costs and survive the current weak conditions. The U.S. Labor Department will release today its Non-farm payrolls for the

Forex: GBP/USD falls below 1.6600, focusing on Job data

FXstreet.com — Fri, 06 Nov 2009 12:44:00 GMT

FXstreet.com (Barcelona) – The Sterling has continued during the European session with its decline against the Greenback from 2-week high at 1.6635 to break down the 1.6600 level and trade close to 1.6580. Currently the pair is trading around 1.6580/90, testing today's opening price action 1.6580.

Valeria Bednarik, FXstreet.com collaborator, comments: “Consolidating under 1.6600, pair remains printing higher highs, yet no clear signs come form hourly indicators. Bigger time frames one also remain flat, yet with a slightly bullish perspective for next hours. Pair needs to move above the 1.6640 area, to extend the upside close to 1.6690. On the contrary, if loses 1.6520 support, downside likely to accelerate.”

Bednarik provides us with her levels: “Support levels: 1.6550 1.6520 1.6480. Resistance levels: 1.6640 1.6690 1.6735.”

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The eurozone inflation rate will rise strongly and exit negative territory

communication@unicreditgroup.eu (UniCredit Group) — Fri, 06 Nov 2009 12:39:20 GMT

Country data so far available in October suggest a low risk of revision to the eurozone flash estimate (-0.1% yoy). The final release will be out on November 16: we have penciled in a 0.25pp boost to the headline rate coming from energy, while food inflation probably eased a bit further and core inflation was unchanged at 1.2% yoy. In November, the eurozone inflation rate will rise strongly and exit negative territory. Once again, energy will be the main driver, with the price of oil products

The week of the central banks

communication@unicreditgroup.eu (UniCredit Group) — Fri, 06 Nov 2009 12:33:01 GMT

Exit. A rapid removal of ZIRP by major central banks is not imminent. Factors arguing against this are doubts about the sustainability of the economic recovery, low (core) inflation and stable inflation expectations, as well as the strong headwinds impeding consumption and investment. There are, however, growing signs of a (verbally prepared) gradual scaling back of the more-than-generous liquidity supply measures. Fed. The Federal Open Market Committee probably had an intense discussion of

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 06 Nov 2009 12:31:19 GMT

EUR/USD Current price: 1.4875 Still in range, waiting for U.S. Payrolls, pair remains slightly bullish as still above 20 SMA, yet losing upside momentum after this consolidation stage. Trapped under the 61.8% of the last daily fall, pair needs to break above 1.4930 to extend the upside, while clear break under 1.4810 could trigger selling rallies. Pair today likely to follow U.S. stocks. Support levels: 1.4850 1.4810 1.4750 Resistance levels: 1.4890 1.4925 1.4970 GBP/USD Current price:

DMI and Dynamic Zone

ian@turtlefutures.com (Turtle Futures) — Fri, 06 Nov 2009 12:26:19 GMT

Hi In quite moments (between the storms) I like to look through the chart functions to see if we can use anything new in these very volatile markets. I have a lot of knowledge of oscillators and use them every day in my analysis. We have to remember that ‘price’ is the most important factor in the market and the oscillators ‘indicate’ whether we should be looking to tighten our position (when indicators lag the market- divergence) or be happy to continue the trend (convergence). What are the

Forex: USD/CAD jumps above 1.0700 after unexpected jobless rate increases

FXstreet.com — Fri, 06 Nov 2009 12:13:00 GMT

FXstreet.com (Barcelona) – The Canadian Dollar is declining against the Dollar in the minutes following the Unemployment rate data release with a unexpected increase in October. The USD/CAD has jumped more than 60 pips from 1.0680 ahead the data to hit intra-day high at 1.0740.

pair is continuing with its advance from 1.0630, intra-day low in the European session and it has risen around 110 pips to reach daily highs. Currently the pair is trading around 1.0700/10, trying to hold above 1.0700 level.

Canada has lost 43.000 jobs in October, a unexpected decline against the increase expected of 10.300 in October. Unemployment rate in Canada rise to 8.6% in October from 8.4% in September. Market expected a unemployment rate unchanged at 8.4.

Valeria Bednarik, FXstreet.com collaborator, comments: “Canada has just published their employment data; pretty bad in general, with 43.2K job lost instead of 10.K wins expected, while unemployment rate rose to 8.6% from 8.4%. Not a law, but U.S. data tends to come in line with this one. If data is so bad in America, could dollar rose today?”

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Canada: Unemployment Rate up to 8.6% in Oct vs 8.4% in Sep

FXstreet.com — Fri, 06 Nov 2009 12:01:25 GMT

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Forex: USD/JPY decline from 90.85 holds at 90.40; shaping a triangle formation

FXstreet.com — Fri, 06 Nov 2009 11:45:00 GMT

FXstreet.com (Barcelona) - The Dollar has been trading lower, yet in a narrow range during the day, with extremely low volatility ahead of U.S. non-farm payrolls report, and decline from session high at 90.70 has found support at 90.40. At the moment of writing, the Dollar trades at 90.65.

On a wider perspective, we see the pair moving in a tighter and tighter range. shaping a clear triangle formation, with lower highs and higher lows since peaking at 92.31 (Oct 27) and bottoming at 89.15 (Nov 2).

Support levels lie at 90.40 session low, and below here, 89.85/00 (Nov 3 and 5 lows) and then 89.40/55. Resistance levels lie at 91.00 and 91.30 (Nov 4 high), above here, 91.60/65 (Oct 30/29 highs).
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Forex: EUR/USD: Euro fails to break above 1.4900

FXstreet.com — Fri, 06 Nov 2009 11:33:00 GMT

FXstreet.com (Barcelona) - On a very low volume session, ahead of U.S. nion -farm payrolls, the Euro has been trying to break above 1.4900 area, but after reaching 1.4905 high, the pair has eased to levels around 1.4870 at the moment of writing.

The Swiss e Trade Strategy Team doubts about the pair's possibilities to break 1.4900 today: "The euro is trying hard to break the 1.4900 resistance level, currently trading slightly below at 1.4895 this European morning. We see that resistance not being broken in today's trading, and rather anticipate a downmove to come, to levels around 1.4800."

Resistance levels lie at 1.4900 andf above here, 1.4915 (Nov 5 high) and 1.4925 (Oct 27 high). On the downside, support levels lie at 1.4865/70, and below here, 1.4835/40 and 1.4805.

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Germany Factory Orders s.a. increase 0.9% in September; 13.1% down year on year

FXstreet.com — Fri, 06 Nov 2009 11:00:41 GMT

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

Forex: GBP/USD: Pound fails to break 1.6635 and dips below 1.6600

FXstreet.com — Fri, 06 Nov 2009 10:35:00 GMT

FXstreet.com (Barcelona) - The Pound has failed on its second attempt to break resistance at 1.6635, and the pair has eased to levels below 1.6600, yet within recent range, above support level at 1.6560.

Resistance levels lie at the mentioned 1.6635 (Nov 5 high/session highs) and above here, 1.6695 (Oct 23 high) and 1.6745 (Jun 30/Sept 11 highs). On the downside, initial support lies at 1.6560 session low, and below here, 1.6510 and 1.6465/75 (Nov 5 high/Nov 2 low).

The Pound, nevertheless, remains bullish after having broken 1.6545 resistance yesterday, aiming to 1.6695, according to Stoyan Mihaylov, technical analyst at Deltastock.com: "with the recent break above 1.6545 resistance, the overall bias is bullish towards 1.6696, en route to 1.6752. Intraday dynamics is neutral with a risk for one more slide to 1.6558 support before building a reliable base for next leg upwards, towards 1.6752.
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European markets, flat ahead of U.S. NFP; Euro and Pound below week highs

FXstreet.com — Fri, 06 Nov 2009 10:23:00 GMT

FXstret.com (Barcelona) - European markets remain practically at opening levels after two hours of trading as caution dominates the session ahead of key U.S. non farm payrolls report. Euro and Pound remain floating at levels right below week highs.

Eurostoxx 50 Index edges up 0.1% while German DAX Index and the French CAC Index remain at its opening level. In the UK the FTSE Index adds 0.2%.

On the macroeconomic domain, UK Producer Prices rose above expectations in October, announcing the return of inflationary pressures. Output PPI rose at at a 0.2% pace in October, and 1.7% year on year. Input PPI advanced 2.6% in October and 0.1% year on year.

Euro and Pound, right below week highs

EUR/USD remains crawling higher after bouncing at 1.4945 on its retreat from yesterday's high at 1.4915, and the Euro has been going up steadily to reach 1.4900 at the moment of writing.

GBP/USD remains consolidating in a range from fresh 2-weeks high at 1.6535 to support level at 1.6560. The Pound has launched an assault to 1.6635 during early European session, failed, and, at the moment of writing, the pair trades at 1.6605.

USD/JPY is trading lower today declining from Asian session high at 90.85 to 90.40 session low. On a wider perspective, the pair remains trading within a range from m89.85 to 91.30.
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United Kingdom Producer Price Index - Input up 2.6% in Oct; 0.1% up on year

FXstreet.com — Fri, 06 Nov 2009 09:33:14 GMT

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

United Kingdom Producer Price Index - Output n.s.a down to 0.2% in Oct 1.7% up year on year

FXstreet.com — Fri, 06 Nov 2009 09:30:52 GMT

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Forex: AUD/USD: Aussie, at week high testing 0.9175/80 area after hawkish RBA

FXstreet.com — Fri, 06 Nov 2009 09:07:00 GMT

FXstreet.com (Barcelona) - Australian Dollar is gathering strength and on the back of rather hawkish comments by the RBA, the pair has broken above week-high at 0.9145 and attacks 0.9175/80 (Oct 29 and 30 high) on early European session.

If the pair breaks above 0.9180, next resistance levels lie at 0.9215 (Oct 27 high) and 0.9300 (Oct 20 high). On the downside, the pair might find support at 0.9115, and below here, 0.9025 (Nov 5 low) and 0.8950/55 (Nov 4 low).

The Reserve Bank of Australia raised the country's GDP forecast and announced that it will raise interest rates gradually which for some analysts hints for a rate hike before the end of the year.
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Forex: EUR/USD: Bullish pressure will increase above 1.4700 - Mizuho

FXstreet.com — Fri, 06 Nov 2009 08:49:00 GMT

FXstreet.com (Barcelona) - The Euro is building up after bouncing from 1.4625 low on Tuesday, reaching levels right below 1.4900 and the pair bullish momentum will increase if it remains above 1.4700, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank.

Euro bullish pressure will accelerate, while above the 50-day MA, says Elliott: "Indecision with yesterday’s ‘doji’ candle. Bullish pressure might increase fractionally if we hold above the 50-day moving average at 1.4700."

Resistance levels, according to Elliott, lie at 1.4884, 1.4919 and 1.4930. On the downside, support levels lie at 1.4854, 1.4800 and 1.4735.
For more information, read our latest forex news.

Forex: GBP/USD: Pound's rally might be capped at 1.6675/1.6745 band - Commerzbank

FXstreet.com — Fri, 06 Nov 2009 08:13:00 GMT

FXstreet.com (Barcelona) - The Pound remains heading north on a strong pace, reaching levels above 1.6600, after soaring 300 pips from Tuesday's low at 1.6260, approaching Oct 23 high at 1.6695, which, according to Karen Jones, technical analyst at Commerzbank, might cap Pound's rally.

The area between 1.6675/1.6745 has proved an strong short-term ceiling, according to Jones: "We look for further probes into the 1.6675/1.6745 band to be limited, this has provoked failure on numerous occasions and it has proved to be an effective short term ceiling. We again look for the near term rally to fail and sell off to the 1.6282/00 support."

Resistance levels, according to Jones, lie at 1.6633, 1.6680/94 and 1.6745/65. On the downside, support levels lie at 1.6555, 1.6465/50 and 1.6281.
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Forex: USD/JPY: Dollar rangebound between 90.00 and 91.30

FXstreet.com — Fri, 06 Nov 2009 08:01:00 GMT

FXstreet.com (Barcelona) - The Dollar continues trading sideways within the current week's range, constrained between strong support at 90.00 and resistance at 91.30. On Thursday's European session the pair bounced at 90.00 to cap at 90.85 on early Asian session, and return to 90.40 area at the moment of writing.

Resistance levels lie at 91.00 and 91.30 (Nov 4 high), above here, 91.60/65 (Oct 30/29 highs). On the downside, support levels lie at 90.25/30, and below here at 89.85/00 (Nov 3 and 5 lows) and then 89.40/55.

EUR/JPY has been consolidating nn a band from 134.30 and 135.15 during Asian session, after bouncing on Thursday from 133.35 low. Resistance levels are 135.15 and 135.75. Support levels lie at 133.95/00 and 133.20/35.
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Forex: GBP/USD: Pound hovering below 1.6635, 2-weeks high

FXstreet.com — Fri, 06 Nov 2009 07:47:00 GMT

FXstreet.com (Barcelona) - The Pound pulled down early Thursday from 1.6600 high to find support at 1.6465 before bouncing up after BoE's monetary policy statement, reaching a fresh 2-weeks high at 1.6635,. At the moment, the Sterling trades right below 1.6635 resistance, which could be re-tested any moment.

Immediate resistance lies at 1.6635 (Nov 5 high) and above here, next resistance would be 1.6695 (Oct 23 high) and 1.6745 (Jun 30/Sept 11 highs). On the downside, initial support lies at 1.6560 session low, and below here, 1.6510 and 1.6465/75 (Nov 5 high/Nov 2 low).

GBP/JPY bounced on Thursday at 148.50 to find resistance at 150.65/75 area. The Pound remains trading above 150.00 with resistance levels at mentioned 150.85 and 151.35. Support levels are 150.05 and 149.70.
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Forex: EUR/USD: Euro, consolidating below 1.4915/25 resistance area

FXstreet.com — Fri, 06 Nov 2009 07:31:00 GMT

FXstreet.com (Barcelona) - The Euro retreated from post FOMC high at 1.4910 to find support on Thursday at 1.4810, and the Euro bounced up, fuelled by upbeat U.S. data to hit a fresh high at 1.4915, easing afterwards to consolidate, during Asian session in a tight range from 1.4850 to 1.4875.

Initial support lies at 1.4865/70, and below here, 1.4830/40, both intra-day levels, in case of breaking below here, hext support would be at 1.4810 (Nov 5 low/ Nov 3 high).

EUR/GBP has remained consolidating in a range from 0.8920 to 0.9065. After being capped on Thursday at 0.9000, the Euro has declined during Asian session to reach levels around 0.8950 at the moment of writing. Support levels lie at 0.8920 and 0.8895. Resistance levels are 0.9000 and 0.9060.
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Asian markets advance on U.S. data; Euro and Pound consolidate at high levels

FXstreet.com — Fri, 06 Nov 2009 07:18:00 GMT

FXstreet.com (Barcelona) - Asian markets are going through gains on Friday on increasing risk appetite following upbeat macroeconomic data in the United States. Euro and Pound consolidate at high levels.

Japanese Nikkei Index rises 0.7%, while Hong Kong's Hang Seng Index adding 1.7% and South Korean Kospi Index 1.1% up. Furthermore, markets in Australia, Indonesia and Singapore have also risen.

Investor's confidence has been buoyed bu U.S. initial jobless claims, which fell yesterday to their lowest level since January, showing that the wold's main economy stars to give clear signs of recovery ,which has improved risk appetite, ahead of key non-farm payrolls data due at 13:30 GMT.

Euro and Pound, consolidating at higher levels

EUR/USD retreat from 1.4910 high found support on Thursday at 1.4810, and the Euro bounced up to return upwards and hit an intra-day high at 1.4915, easing afterwards, to consolidate during Asian session in a tight range from 1.4850 to 1.4875.

GBP/USD pulled down on Thursday from 1.6600 to find support at 1.6465 before bouncing up after BoE's monetary policy statement, reaching a fresh 2-weeks high at 1.6635, to consolidate afterwards, through Asian session, in a range from 1.6560 to 1.6625.

USD/JPY has continued trading sideways within the current week's range, constrained between strong support at 90.00 and resistance at 91.30. The Dollar bounced on Thursday's European session at 90.00 to cap at 90.85 on early Asian session, and return to 90.40 area at the moment of writing.
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Australia Foreign Reserves decline to 48.5B in Oct from 48.9B in Sep

FXstreet.com — Fri, 06 Nov 2009 06:51:49 GMT

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Alpari Group launches institutional trading platform Alpari Direct Pro powered by Currenex® Technology

FXstreet.com — Thu, 29 Oct 2009 14:32:00 GMT

The Alpari Group, one of the world’s fastest growing providers of online foreign exchange (FOREX) services, today announced the launch of Alpari Direct Pro, an institutional trading platform powered by Currenex®, a recognized and award-winning leader in the provision of innovative trading solutions to the active-trading segment of the Forex market.

Deep liquidity from multiple Tier-1 and Tier-2 banks
Powered by Currenex® technology, Alpari Direct Pro is tailored to the advanced demands of institutional Forex investors, ranging from smaller banks and financial institutions to hedge funds and CTAs. Alpari Direct Pro delivers interbank liquidity - aggregating feeds from multiple Tier-1 and Tier-2 banks - and displays their full depth of the market for transparent pricing.

Zero commission for the first three months
True to the Alpari Group’s commitment to offering advanced trading technology at the most competitive prices, institutional traders will pay no commission until January 20th 2010. To qualify, clients will need to trade a volume (nominal) of USD1 billion or currency equivalent per month (pro-rata) with commission being rebated the following month. Thereafter, very competitive commission terms will be offered. With a minimum USD 20,000 deposit, Alpari Direct Pro traders can place orders from just 10,000 units of base currency and can start trading 50 major and exotic currency pairs.

Straight through to the market
To ensure high-speed low latency execution and to empower traders with the tools to optimise market impact with reduced execution costs, Alpari Direct Pro features Straight Through Processing (STP), Non-Dealing Desk execution (NDD), full market depth for transparent pricing with fractional pips and integrated algorithmic models to support order execution.

Functionality to fit every strategy
Multiple order types give traders full control over order timing and execution. Furthermore, Alpari Direct Pro features intuitive and fast keypad trading capabilities, pre and post-trade allocation solutions, trade averaging functions, sophisticated order management, and comprehensive reporting tools.

Commenting on the new platform, Andrey Vedikhin, co-founder of the Alpari Group, said: “The Alpari Group now provides its institutional clients with one of the most comprehensive selections of advanced trading tools and expert resources available from any online Forex trading provider. We are also committed to offering a commission structure – starting with zero commission for the first three months of the platform’s launch – that is highly competitive and as compelling as the platform itself. Lowest cost trading matched with the highest level of platform functionality is what institutions demand today, and this is the combination that we are committed to delivering.”
For more information, read our latest forex news.

New NFA Rules Cap the Leverage on Majors and Exotic Currency Pairs

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

Please be advised that the CFTC has recently approved rule-amendments of the U.S. regulatory body, the National Futures Association (NFA), to change the maximum leverage requirements for customers of forex dealer members (FDMS).

The amendments will limit the amount of leverage that can be used to trade what the NFA considers to be “major” and
“exotic” currency pairs – to be effective on Nov. 30, 2009. View the new maximum leverage rates here.

For all traders holding a forex account with the U.S. entity Global Futures & Forex, Ltd. (dba GFT), the NFA changes will
be implemented on Sunday, Nov. 29, 2009.

“Our customers should be aware of these new NFA requirements, and determine in advance how this may affect their
decisions and trading plan,” said Gary L. Tilkin, president and CEO, GFT.

If traders have open positions in these currency pairs at a higher leverage than the new maximum leverage required by the NFA, it will impact their margin requirement for those open positions.

“As always, exercise proper risk management and consider whether you need to deposit additional funds to be adequately capitalized for these new leverage rates, in accordance with your own trading plan,” said Tilkin.

As one option, GFT offers its customers the ability to change their lot sizes (e.g. 10,000, 20,000, etc.), which in addition to being properly capitalized is an alternate choice to trading higher leverage.

“We believe traders should understand how leverage can work both against you and for you, no matter which currencies they choose to trade, and that all traders should have choices to use leverage that is appropriate for his or her risk appetite,” said Muhammad Rasoul, executive vice president and COO, GFT.

GFT customers who reside outside of the US, Japan or Australia also have the choice to trade higher leverage by
smoothly and efficiently transferring their current account with their existing account settings to GFT’s U.K. affiliate (GFT Global Markets UK, Ltd.).

“We believe that it’s important for customers to work with a well-capitalized and regulated forex dealer, and we encourage traders to read more details about these regulatory changes on the NFA website,” said Rasoul.

View GFT’s latest capital numbers listed on the CFTC (Commodities and Futures Trading Commission) website as well as our regulatory record on file via the NFA (National Futures Association) website.
For more information, read our latest forex news.

Alpari (UK) grows beyond expectations

FXstreet.com — Tue, 27 Oct 2009 11:34:00 GMT

Alpari (UK), one of the world’s fastest growing providers of online foreign exchange (FOREX) continues its rapid global expansion, supported by a combined client growth of nearly 100 percent (98.56 %) at the company’s offices in London, Mumbai and Shanghai since the start of 2009. This exceeds ambitious internal plans, which assumed the doubling of client accounts only by the end of the year.

“We are very pleased to overachieve our targets this early in the year”, says Andrey Vedikhin, Alpari (UK) CEO. “We are more than ever committed to delivering cutting edge technology and competitive pricing to both retail and institutional traders. Earlier this year, on the retail side, we have reduced minimum spread, on average, by 25 percent and by up to 60 percent for some currency pairs. We are also making headway into the institutional market by launching Alpari Direct Pro, our Currenex® powered trading platform for institutional traders.”

To facilitate the ongoing expansion, Alpari (UK) have trebled their staff since January and recently moved into significantly larger offices in Bishopsgate in London. The company currently has 17 vacancies.
For more information, read our latest forex news.

Interbank FX to Exhibit at Sydney’s 2009 Trading and Investing Expo

FXstreet.com — Tue, 27 Oct 2009 11:29:00 GMT

Interbank FX (www.ibfx.com), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, will be participating in the ninth annual Trading and Investing Seminars and Expo. This expo will be held at the Sydney Convention & Exhibition Centre from Friday 30 October to Saturday 31 October.

With high powered seminars from over thirty of the most sought after local and international experts, the Trading & Investing Seminars & Expo will provide investors and traders of all levels with the most up-to-date information, insights and market data available today.

“Interbank FX is thrilled to be a returning exhibitor of this innovative Expo, complete with the latest investment products, trading platforms and software,” said Todd Crosland, Chairman and President of Interbank FX. “Australia is a very attractive market for us, and we look forward to presenting our vast array of trading tools and education to supplement their trading,” said Crosland.

To learn more about Interbank FX or to open a free demo account, visit http://www.ibfx.com/NewVisitor/forex-software.
For more information, read our latest forex news.

Top 10 Favorites on DailyFX.com

FXstreet.com — Tue, 27 Oct 2009 11:01:00 GMT

DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched last week. DailyFX is constantly expanding and improving its offerings, and has released a brand new version of the website. They’ve kept all the same great articles and resources that have made the site so popular, added some new ones, and made everything much easier to use.

Top 10 Favorites on DailyFX.com

1) Economic Calendar: An in-depth look on major event risk for major economies and currencies, which one can sort by Currency, Date, and Importance. Furthermore, the most important individual events all have detailed write-ups, complete with an indicator on typical market influence. After the event, the DailyFX team updates the numbers and often writes detailed insight on the report and comments on implications for affected currencies and broader trends. Traders can print this calendar out in PDF, XLS, and CSV format—making it convenient for many traders. http://www.dailyfx.com/calendar/

2) Analyst Picks | Daily, published throughout the trading day DailyFX.com will share their favorite trades. On Mondays, its "Pick of the Week" – Tuesday, they cover the EUR, Wednesday is the JPY, Thursday is GBP, and CHF, and Friday is AUD, CAD, and NZD pairs.
http://www.dailyfx.com/analyst_picks

3) Free Charts: Traders can access several different free charting packages and learn about more advanced options. The most popular are the Powercharts, Netdania, and FXTrek, while FXCM traders can also download our Marketscope platform to be used natively with the FX Trading Station. Each charting package offers its own unique advantages and features. http://www.dailyfx.com/charts/

4) DailyFX Forum: DailyFX analysts are actively involved in moderating threads and posting in the forum to ensure high quality and dynamic dialogue. The Forum offers open membership to anyone interested in forex markets, including clients of other forex brokers www.dailyfxforum.com

5) FXCM Speculative Sentiment Index | Weekly, published on Thursday
Given that FXCM is one of the largest non-bank forex dealers we believe that our SSI boasts access to one of the biggest and likely one of most representative samples of the broader small-investor Forex market. In our weekly SSI report, we give DailyFX readers a look at historical movements in the SSI and commensurate movements in price—providing a sentiment-based Forex forecast. http://www.dailyfx.com/technical_analysis/sentiment/

6) Market Brief | Daily, published at the start of each session, covering major Euro session occurrences and most importantly—the overlap between European and US trading sessions. The early US session and late European session is historically the most volatile time of day for major currency pairs, and knowing what to expect out of US open events is critical to everyday trading. http://www.dailyfx.com/forex_market_news/daily_briefings

7) Daily Technicals | Daily, published at 12 noon (EST)
Discussing individual technical outlook for the seven major US dollar crosses. Senior Strategist Jamie Saettele uses Elliott Wave analysis to give forecasts on major currencies. For the non-Elliotticians, DailyFX also offer an early morning Daily Classical report by Technical Strategist Joel Kruger, which uses more traditional technical methods to given relevant forecasts on those same currency pairs.
http://www.dailyfx.com/technical_analysis/elliott_wave/ and http://www.dailyfx.com/technical_analysis

8) Daily Fundamentals | Daily, published at 6 pm (EST)
The wrap-up of all major happenings through the preceding 24 hours of price action. The most-thorough summary and fundamental outlook of the day, it has detailed economic calendars with individual write-ups of the day’s occurrences. DailyFX recommends no trader go without reading the end-of-day fundamentals report. http://www.dailyfx.com/forex_market_news/daily_briefings/

9) Weekly Forecast | Weekly, published Friday at 6 pm (EST)
After market close Friday afternoon this weekly forecast covers the major fundamental events of the preceding week and outlook for the subsequent one. This is a detailed rundown of what to expect out of all 7 major US dollar pairs. http://www.dailyfx.com/forex_market_news/forecasts/

10) Monthly Forecast | Monthly
Both technical and fundamental forecasts available for the Month’s trading outlook.
http://www.dailyfx.com/forex_market_news/forecasts/
For more information, read our latest forex news.

Interbank FX named finalist in the Sixth Annual Stevie® Awards for Women in Business

FXstreet.com — Wed, 21 Oct 2009 09:43:00 GMT

Interbank FX, (www.ibfx.com), a leading provider of online off-exchange retail foreign currency (Forex/FX) trading services, has been named a finalist in the sixth annual Stevie Awards for Women in Business, honoring Marilyn McDonald, VP of Customer Experience in the “Best Executive—Service Business” category.

As a key member of Interbank FX’s management team, McDonald drives the conversation between Interbank FX and its customers. She is responsible for identifying and nurturing the experiences that each customer has with Interbank FX during their relationship—discovering new ways to improve their trading experience.

“I’m extremely appreciative that the Stevie Awards have recognized Marilyn’s success in building a strong Customer Experience program,” said Todd Crosland, Chairman and President of Interbank FX. “In a crowded marketplace, Marilyn is building a strategically focused customer loyalty program while retaining a highly motivated team.”

More than 1,100 entries were submitted this year for consideration in 54 categories, including Best Executive, Best Entrepreneur, and Best Community Involvement Program. Finalists were chosen by business professionals worldwide during preliminary judging. Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners from among the Finalists during final judging.

“I am honored to have the opportunity to fulfill a role for Interbank FX that is both challenging and rewarding,” said McDonald upon receiving the recognition.

Details about The Stevie Awards for Women in Business and the list of Finalists in all categories are available at www.stevieawards.com/women.
For more information, read our latest forex news.

DailyFX.com Re-launches Web Site: New Tools for Forex Traders

FXstreet.com — Tue, 20 Oct 2009 14:43:00 GMT

DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched this past weekend. With a wide international audience, it attracts over 7 million page views a month, making DailyFX.com one of the world’s leading news and information sources for the forex trading community. Now DailyFX readers have access to Mobile Alerts and the new Rollover Calendar.

DailyFX analysts produce over 30 articles and reports per day on the latest changes in the currency market, provide timely technical analyses, and close examinations of promising chart formations. DailyFX.com also makes predictions on market moves, explains the economic, political, and technical factors driving the market, as well as provides positioning and quantitative data.

Under the new leadership of Antonio Sousa and John Kicklighter, together with its staff of nine full-time analysts DailyFX.com will continue to provide its first-class forex content to millions of traders worldwide.

Learn how to navigate around the new DailyFX.com to find all of your favorite articles and some new exciting features: VIDEO: http://www.dailyfx.com/forex/video/guest_commentary/2009-10-19-1910-Tour_the_New_DailyFX_Site.html

What is New?

Mobile Alerts: Now you can start receiving market-moving economic data on your mobile phone. http://www.dailyfx.com/calendar/mobile_alerts/

Rollover Calendar: Know beforehand how many days of rollover will be applied to any particular trading day on any trading pair, and when a national holiday will affect rollover. http://www.dailyfx.com/calendar/rollover_calendar/

Trading the News LIVE: Now trade news events live with the DailyFX Analysts. An Analyst will answer your questions and give up-to-the-minute commentary on news events as they happen. http://forexforums.dailyfx.com/trading-news-live-coverage-dailyfx-analysts/

DailyFX is constantly expanding and improving its offerings, and has released a brand new version of the website. We’ve kept all the same great articles and resources that have made the site so popular, added some new ones, and made everything much easier to use. Let us know what you think by emailing us your feedback and suggestions to feedback@dailyfx.com.
For more information, read our latest forex news.

ACM – Advanced Currency Markets Raises Additional Share Capital

FXstreet.com — Tue, 20 Oct 2009 14:17:00 GMT

The shareholders of ACM (www.ac-markets.com), the top Swiss online currency trading firm, endorsed an additional capital raise of 10 million CHF during their latest general assembly.

The capital increase raises ACM’s overall share capital to 30 million CHF; a move financed solely by existing shareholders. The step solidifies ACM’s place as the most capitalized Forex broker in Switzerland.

Reinforcing the framework surrounding the firm’s banking licence, the enlargement demonstrates ACM’s commitment to autonomy, strength and durability.

“The increase guarantees our independence while freeing ACM to dedicate further resources to both enlarging our investment offering and tackling new markets” said Lloyd La Marca, CEO and co-founder of ACM.

From its inception, ACM (www.ac-markets.com) has grown to meet the needs of its expanding client base – founded in Geneva, the company now maintains offices in Zürich, New York, Dubai and Montevideo. The Swiss firm offers efficient and affordable FX trading with no dealing-desk intervention to private individuals as well as institutional clients.

www.ac-markets.com
For more information, read our latest forex news.

dbFX holds latest in series of ‘Psychology of trading’ webinars for forex traders

FXstreet.com — Tue, 20 Oct 2009 14:04:00 GMT

dbFX.com, Deutsche Bank’s online retail foreign exchange (FX) trading platform, is holding the latest in its series of webinars to help traders better understand the psychology of their trading.

Dr Doug Hirschhorn, known as ‘Dr Doug’, a leading peak performance coach on Wall Street, will host the webinar on the 21st of October at 7.30pm British Standard Time (BST), 2:30pm Eastern Standard Time (EST) and is titled ‘The psychology of taking profits and losses’.

During the live webinar, Dr Doug will outline the reasons why traders can often find themselves in the right trades when trading forex but then get out too soon or conversely, have a tendency to hold on to their losses too long. The seminar will also help traders to better understand what a good or bad loss is. Attendees will also have the opportunity to submit questions before and during the webinar which will be answered at the end.

The webinar will be available to view at anytime for a 24-hour period from Wednesday 28 October 4pm BST, 12pm EST, so that different time zones have the opportunity to see and hear the session. Those interested in taking part should visit www.dbfx.com/drdoug to register and find out more information.

Betsy Waters, global director of dbFX.com, commented: “The first three of our webinars have been very popular with FX traders who want to get a better sense of their trading habits, rather than just understanding currency trends and strategies.

“The final webinar in this series looks at the ‘right’ and ‘wrong’ reasons to take a profit, as well as helping investors to understand what constitutes a ‘good’, and what constitutes a ‘bad’ loss – because it’s important to understand the difference when making trading decisions.”

Launched in 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 82 countries around the world. The platform was named ‘Best Retail Platform’ by Profit & Loss in 2008 and 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 website can be accessed at: www.dbfx.com

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

CitiFX Pro Launches on MetaTrader

FXstreet.com — Fri, 16 Oct 2009 09:14:00 GMT

Citi today announced CitiFX Pro, Citi’s online foreign exchange (FX) trading platform for active individual and small institutional traders, is now available on MetaTrader, the global leader in technical analysis and programmatic FX trading. CitiFX Pro will enable MetaTrader’s rapidly growing global user network to realize reliable round-the-clock liquidity and highly competitive pricing. More information is available at www.citifxpro.com/meta.

“CitiFX Pro is an ideal fit for the MetaTrader community,” said Sanjay Madgavkar, Head of CitiFX Pro. “MetaTrader users around the world can now benefit from the liquidity and pricing benefits of trading with Citi, a global leader in FX”.

“MetaTrader is delighted CitiFX Pro will be available to our clients,” said Gaies Chreis, Deputy CEO of Metaquotes. “This is a tremendous opportunity for MetaTrader users to develop a relationship with the premium name in FX trading”.

Boston Technologies, a leader in technology for the retail FX business and small institutional space, is providing the technology and the customer support required to connect CitiFX Pro with the MetaTrader community.

MetaTrader provides a user-friendly trading interface that includes technical analysis, charting and Expert Advisor programs which allow users to create either a personalized trading system or deploy third party pre-programmed trading systems.

CitiFX Pro offers clients the ability to access state-of-the-art trading capabilities in more than 130 currency pairs in addition to award-winning research and FX market commentary free of charge and 24-hour personal customer support. CitiFX Pro also offers unlimited FDIC coverage on US dollar margin deposits. To learn more about CitiFX Pro and sign up for an account visit www.citifxpro.com.
For more information, read our latest forex news.

Alpari (US) now offering flexible spreads on Metatrader 4 Platform

FXstreet.com — Thu, 08 Oct 2009 13:13:00 GMT

Alpari (US), LLC, a regulated Foreign Exchange company and global provider of online Forex trading, announced today that the company has introduced flexible spreads for all currency pairs. Flexible spread minimums will be reduced on average 30% and up to 60% for some currency pairs, compared with previous fixed spreads. The spreads will naturally widen during certain times of the day, periods of lower liquidity and when there is increased market volatility.

Olga Rybalkina, CEO of Alpari (US), LLC, commented: "With the introduction of additional price feeds, clients can access significantly tighter spreads as we pass on the benefits available to us from the Interbank market. Flexible spreads will also bring a greater degree of price-transparency to clients' trades along with institutional-level pricing and lower transaction costs."

Traders will now have access to the multibank feeds available to Alpari from liquidity providers such as JP Morgan, UBS, Duetsche Bank and Barclay's Capital. Ms. Rybalkina adds, "This initiative is one of our first steps in providing our clients with better trading terms. We look forward to having the opportunity to tighten our spreads further in the future."

The introduction of flexible spreads provides clients with a better indication of actual market conditions and insight on institutional trading. Fully understanding the dynamics of flexible spreads is the key to more informed and responsible trading with Alpari (US). Alpari Academy will soon feature new materials on the topic of spreads.

For more information in regards to creating a demo account, please visit www.alpari-us.com.
For more information, read our latest forex news.

FOREX.com to Host Live Webcast to Provide Analysis and Commentary on Foreign Exchange and Commodity Markets

FXstreet.com — Tue, 29 Sep 2009 15:17:00 GMT

WHAT:
FOREX.com will host a live teleconference and webcast offering a brief Q3 foreign exchange (forex) and commodity markets recap followed by detailed analysis and commentary on expected Q4 market trends in forex and key commodity markets such as gold and oil.

WHO:
Presenters are:
-Brian Dolan, chief currency strategist, FOREX.com

-Jane Foley, director of research, FOREX.com UK

-Jacob Oubina, currency strategist, FOREX.com

WHEN:
Tuesday, Oct. 6, 2009; at 10:00AM Eastern; 3:00PM British Summer Time

WHERE:
Via Teleconference/Web

(U.S. toll free) 800-860-2442; or (International) 001-412-858-4600 (ask for FOREX.com)

http://www.videonewswire.com/event.asp?id=62107

DETAILS:
The FOREX.com Markets Outlook will offer expert analysis and market commentary from the company’s international team of currency strategists and economists. There will be a question and answer session following the formal presentation. The webcast will be archived on www.forex.com and will be available for playback on demand.

GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly $200 billion per month.
For more information, read our latest forex news.

dbFX uses social media to engage with FX Traders

FXstreet.com — Mon, 28 Sep 2009 15:11:00 GMT

dbFX, Deutsche Bank’s online retail foreign exchange (FX) trading platform is using social media sites such as Twitter, YouTube, Facebook and LinkedIn to connect with FX traders and attract new visitors to dbfx.com site.

The Twitter page is updated regularly by dbFX staff members and offers news and updates from the team, including announcements of future webinars and seminars and market information.

13 video tutorials have been uploaded onto YouTube which demonstrate how to use the dbFX trading platform, as well as an introduction to the Dr. Doug Hirschhorn video series on the ‘Psychology of Trading.’

“Our clients are highly sophisticated users of online tools and we want to be able to better engage with them in a format that is most efficient and convenient. Social media offers opportunities for instant dialogue and information sharing which is key for traders in the dynamic FX market place.” said Betsy Waters, Global Director, dbFX.

Social media sites are extremely active with YouTube and Twitter receiving over 20 million and 3 million unique visitors* respectively every month – enabling users to communicate instantly online on a personal level.

Launched in May 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 70 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

*ComScore 2009

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

GAIN Capital Launches FOREXTrader PRO, New Version of its Award-Winning Margin Trading Platform

FXstreet.com — Mon, 28 Sep 2009 14:10:00 GMT

GAIN Capital Holdings, Inc., a global provider of online trading services, today announced the release of FOREXTrader PRO, the latest version of its award-winning margin trading platform for active traders.

“Forex traders demand cutting edge tools. Our goal is to stay ahead of the curve with our proprietary trading technology and deliver a competitive advantage to our customers and partners,” said Glenn Stevens, CEO, GAIN Capital. “The new FOREXTrader PRO is a robust solution for active traders looking for advanced technical analysis capabilities, sophisticated order management and the ability to customize their trading environment to their specific needs.”

FOREXTrader PRO delivers a sleek new user interface designed to improve overall usability and deliver faster trade execution, while enhanced charting tools offer improved decision support. Platform features include:

• Enhanced charting tools with over 70 technical indicators, including Ichimoku, Fibonacci Extensions and Projections, customizable indicators for advanced technical analysis, improved line-based drawing tools, and the ability to view multiple charting windows simultaneously
• Improved chart-based trading, including streamlined order entry and position management features
• Upgraded newsfeed from market-leading provider Dow Jones Newswires
• User-defined order execution based on trading strategy and market conditions. Choose between ‘trade at rate’ and ‘trade at market’.
• Enhanced interface with advanced customization features, detach and docking functions and more. Use predefined layouts, personalize & save custom templates.

FOREXTrader PRO is now available globally. Customers of GAIN Capital’s FOREX.com division can upgrade to the new version of the platform by visiting http://www.forex.com/land-windows.html. Prospective FOREX.com customers can test drive the new platform by signing up for a free 30-day practice account at http://www.forex.com/forex_demo_account.html?source=windows.
For more information, read our latest forex news.

ACM – New Account Types and Trading Conditions

FXstreet.com — Thu, 17 Sep 2009 09:37:00 GMT

ACM (www.ac-markets.com), world leader in online currency trading, has further enhanced its trading conditions for FX traders.

The Swiss broker has widened its account offering to encompass its rising number of both retail and institutional clients. Drawing from an ever-growing liquidity network, institutional clients will now enjoy tighter spreads such as 0.9 pips on the EURUSD. Retail clients will continue to benefit from ACM’s reliable execution system complemented by 4 customizable, no-fee platforms.

Clients may now choose from 6 different account types:

Mini, Standard, Premium, Professional, Institutional and Institutional+

Each account type offers tailored conditions allowing traders of any size to successfully plan and implement efficient trading strategies.

“This new account typology complemented with our execution conditions undoubtedly places ACM on top as far as large accounts or Institutional clients are concerned” stated Nick Bang, co-founder and managing director of ACM.

From its inception, ACM (www.ac-markets.com) has grown to meet the needs of its expanding client base – founded in Geneva, the company now maintains offices in Zürich, New York, Dubai and Montevideo. The Swiss firm offers efficient and affordable FX trading with no dealing-desk intervention.
For more information, read our latest forex news.

GAIN Capital Launches FOREX.com in Japan

FXstreet.com — Wed, 16 Sep 2009 09:35:00 GMT

GAIN Capital Holdings, Inc. (GAIN Capital), a global provider of online trading services, today announced the launch of FOREX.com, its award-winning margin foreign exchange (FOREX or FX) trading service, in Japan (http://jp.forex.com).

"Japan is a very important market for us. FX as an asset class is popular among Japanese investors and we believe that the retail FX market in Japan will continue to grow," said Glenn Stevens, CEO of GAIN Capital. "While we have been operating in Japan for the past seven years through our white label partners, we are excited to finally have the opportunity to introduce our full capabilities to the Japanese market," continued Mr. Stevens.

Earlier this year, GAIN Capital announced it had acquired a majority interest in Japanese retail FX provider Fortune Capital Co. Ltd., a GAIN white label partner since 2002. The company was subsequently renamed GAIN Capital Japan
and now offers FX trading services to Japanese retail investors under the FOREX.com brand name. GAIN Capital Japan maintains a Tier 1 securities license with Japan's Financial Services Agency (FSA) and client funds are held in a separate trust bank account.

According to Japanese research firm Yano Research Institute, Ltd., retail FX trading volume in Japan increased an estimated 35% in the past year, from approximately 740 trillion yen in March 2008 to over one quadrillion yen in March 2009. In addition, the number of accounts was expected to reach 1.79 million up, 44.9% over the same time period.*

FOREX.com Japan features a fully localized version of its award-winning proprietary trading platform, FOREXTrader PRO, as well as the popular MetaTrader 4 platform. Competitive dealing spreads, quality execution, and premium trading tools, including advanced charting and daily and weekly research, along with mobile trading capabilities, enable retail investors to easily and informatively trade 37 of the world's major currency pairs.

Wee Pin Tan, Managing Director of GAIN Capital Japan and founder of Fortune Capital, added, "Leveraging the resources and expertise of a well-capitalized, global company will enable our Tokyo-based team to deliver world-class
products and services tailored specifically to the needs of the retail Japanese trader, while upholding GAIN's high standards for reliability and customer service."

To learn more about FOREX.com Japan and to register for a free practice account, go to http://jp.forex.com.

* "Foreign Exchange Margin Trading Market in Japan 2008," Yano Research Institute Ltd. November 2008.
For more information, read our latest forex news.

Alpari (UK) tightens minimum spreads

FXstreet.com — Tue, 15 Sep 2009 10:54:00 GMT

Alpari (UK), one of the world’s fastest growing providers of online foreign exchange (FOREX) services, announced that it will pass on tighter spreads from its multiple liquidity providers to its clients by introducing flexible spreads. Flexible spread minimums have been reduced, on average, by 25 percent and by up to 60 percent for some currency pairs. This is achieved through Alpari (UK)’s best bid-offer pricing technology and excellent relationship with its partner banks, which brings an even greater degree of price-transparency to clients’ trades and reduces transactional costs.

Speaking about this latest strategic decision, Andrey Vedikhin, Alpari (UK)’s CEO, said: ‘The introduction of significantly lower minimum spreads across all currency pairs and precious metals supports our commitment to offer our clients an institutional-level trading experience and to provide them with the most accurate Forex pricing, best execution and wider market access. This switch comes in response to the growing demand for lower trading costs and tighter spreads among the trading community. We will continue to take every opportunity to further tighten our spreads in the future’.

Flexible spreads narrow or widen depending on the time of the day, market liquidity and volatility. Fully understanding the dynamics of flexible spreads is key to making informed trading decisions. In order to assist their clients, Alpari (UK) will soon launch online tutorials explaining all the benefits and characteristics of flexible spreads, as part of their educational programme, Alpari Academy.
For more information, read our latest forex news.

Interbank FX Extends Promotion Into September

FXstreet.com — Mon, 14 Sep 2009 14:53:00 GMT

Interbank FX, LLC, a leading provider of online off-exchange retail foreign currency (Forex/FX) trading services, announced this week plans to extend their August promotion into the month of September based on customer response rates.

Interbank FX’s promotion includes a free $50 FX live account for new customers. Even better, Interbank FX is offering a 10% deposit match on all deposits in September. This applies to all customers and is available to the public.

Extending this promotion comes in response to Interbank FX’s commitment to satisfying the needs of their customers.

“This particular promotion is back by popular demand,” said Todd Crosland, chairman and president of Interbank FX. “We’re listening to our customers, and are conscious of the best ways to serve them.”

By funding today, customers will continue to experience the many things that set Interbank FX apart from other online brokers, including:

* Full access to real-time Dow Jones FX Select news
* Award-winning customer service
* Competitive spreads and great execution (Spreads are not fixed and may widen in volatile market conditions)
* Multi-bank liquidity and much more!

For more information about Interbank FX and to open your own account today, please visit the company’s Web site at www.ibfx.com.
For more information, read our latest forex news.

CMS Forex UK launches

FXstreet.com — Wed, 02 Sep 2009 15:49:00 GMT

Capital Market Services LLC, a worldwide leader in online Forex trading, is expanding with the launch of its FSA regulated subsidiary and affiliate in the United Kingdom - CMS Forex UK (www.cmsfx.co.uk).

Headed by Damien Francis and Alex Hartley, CMS Forex UK will bring its unique combination of personalised customer service and advanced FX technology to both institutional and private clients in the UK and overseas.

Clients will have access to CMS Forex’s full suite of services including: its own advanced trading platform VT Trader; the popular CMS MetaTrader4; free market analysis and education; quality trade execution; and competitive spreads. CMS Forex UK will offer several unique products and trading terms not offered at CMS Forex in the USA, including the ability to hedge trades, flexible use of stops and limits, up to 400:1 leverage and fully segregated accounts. In the coming months, further new products will also be added including Commodities and CFDs.

“Since our inception in 1999, we have been steadily expanding in the Forex industry and growing our global footprint,” said Vera Hawkin, CEO of Capital Market Services, LLC. “Launching this new office will allow us to provide even more personalised care and enable us to better cater to clients from the UK and overseas”.

Damien Francis added: “I am thrilled to be joining CMS Forex, and am proud to be leading the development of this key strategic office. Looking after our customers will be our number one priority and I am particularly excited about introducing them to VT Trader. This will enhance our clients’ trading experience via web, mobile or desktop, through powerful trading, charting and news tools, with a high degree of customisation. We also have the unique opportunity of building and developing the right team of staff from scratch – new key hires will be made in the coming months.

Until recently Damien Francis was a Board Director and Head of Marketing at ODL Securities, where he was instrumental in turning the business into a leading retail brand, and helping to develop the trading house’s global expansion strategy. He is joined by Alex Hartley as Compliance Director. Hartley has over 24 years global compliance and board level experience including roles at Lehmans, West LB, IFX Markets and ODL Securities.
For more information, read our latest forex news.

Foreign Exchange Leader GFT Deploys Clickatell to Connect Traders to Fast-Paced Currency Market Prices Using Real Time SMS

FXstreet.com — Tue, 01 Sep 2009 10:01:00 GMT

Global Forex Trading (GFT), a worldwide leader in online currency trading, is working with Clickatell to provide real-time SMS alerts to its network of registered traders serving ~120 countries. Traders using GFT's forex trading platform, DealBook® 360, can opt-in to receive text message alerts to be immediately informed of critical market news, analysis, commentary, changes in markets prices, deal-closure notifications, and order limit status, to help traders make informed decisions when seizing critical up-to-the-minute opportunities in this $4 trillion dollar per day market. GFT has more than 20,000 traders registered worldwide to receive SMS alerts and sends over 50,000 messages per day.

"As forex trading increasingly appeals to a greater retail sector, companies like GFT are working aggressively to provide tools and information that not only encourage a safe trading environment, but also help traders maximize their returns. Our DealBook® suite of trading platforms is designed for trading online spread bets and spotting foreign exchange and contracts for differences," said Muhammad Rasoul, executive vice president and COO, GFT. "Clickatell has proven their ease of use and reliability, and our customers depend on receiving real-time critical data using Clickatell SMS to guide decisions, minimize potential risks and most of all, to profit," said Rasoul.

Forex trading is regarded as one of the world's main financial markets with a global daily average in turnover estimated at $3.98 trillion, concentrated mostly from London, New York and Japan. Euromoney's FX2009 report says foreign exchange is responsible for driving record profitability for institutions, despite the credit crunch that started 12 months ago. Another contributing factor to the exponential growth in turnover is the increase in number of individual retail traders and institutions turning to forex trading to profit. Currency trading markets operate 24 hours a day and 5.5 days a week, where most retail traders have other jobs and hectic schedules. Mobility via SMS offers the perfect solution, giving traders flexibility and necessary communications to track markets, stay informed, trade, and ultimately profit.

"In 2008, 50% more trades took place via mobile than the previous year, and the market is expected to double again by 2011," said Pieter de Villiers, Clickatell CEO. "Clickatell's expansive international network coverage and tested solutions allow traders the freedom of mobility and confidence that regardless of where they are, the critical data they need is within arm's reach. With SMS, they can make fast decisions, a critical factor in today's economic climate where traders would rather be safe than sorry."
For more information, read our latest forex news.

Interbank FX Named Third Fastest Growing Company in Utah

FXstreet.com — Mon, 31 Aug 2009 15:28:00 GMT

Interbank FX, a worldwide provider of online off exchange retail foreign currency (Forex/FX) trading services, has been named the third fastest growing company by Utah Business magazine’s Fast 50 awards program. Since inception, Interbank FX has continued to see enormous growth, increasing revenues by nearly 60,000% from 2004 through 2008.

“Achieving a top Fast 50 ranking for the second year in a row is tremendous honor and a testament of our over 175 hard working employees, without whom none of this would be possible,” said Todd Crosland, Chairman and President of Interbank FX. “We are committed to expanding the functionality and capabilities of our wide array of trading services and tools—continuing our momentum as we span the globe. We thank the Utah business community for recognizing our efforts.”

Throughout 2009, Interbank FX’s strong commitment to customers has allowed continued achievement, as illustrated by the following company milestones:

· Customers in over 140 countries.

· Over 35,000 customer accounts.

· Current Net Capital in excess of $35,000,000 (May 31, 2009).

· Customer access to Interbank FX’s multi-bank liquidity feed, meaning competitive spreads, 100 percent automated execution and smart routing to World Money Center Banks.

· 2009 Inc. 500’s eighth fastest growing company within financial services sector, 208th overall

· 2009 Trader’s Choice Award- FOREXDS.

· 2009 Best Mobile Forex Trading Platform- World Finance Magazine.

· 2009 Best Foreign Exchange Broker and Online Education Provider- Money AM Online Finance Awards.

“Utah Business magazine is proud to honor Interbank FX in the Fast 50 program, which honors Utah’s fastest-growing and top revenue-generating companies. Interbank FX, which made the no. 3 spot on the Fast 50 list, deserves recognition for the strength it brings to Utah’s business community,” says Sarah Ryther-Francom, managing editor of Utah Business magazine.

The Utah Fast 50 program was designed to recognize companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth. Other quality contenders at this year’s event included Monavie, featuring an exclusive açai berry juice blend and web analytics company Omniture. Interbank FX was honored at the event in Salt Lake City on August 27th and will be featured in Utah Business magazine's September issue.

To learn more about Interbank FX or to open a free Forex practice account, visit www.IBFX.com.
For more information, read our latest forex news.

FXCM: Forex Trading Contest Offers $40,000 in Cash

FXstreet.com — Mon, 31 Aug 2009 14:50:00 GMT

FXCM Micro’s monthly forex trading contest starts tomorrow, September 1st, 2009. $25,000 in cash is awarded to the trader with the highest monthly trading return; $10,000 is awarded for second, and $5,000 for third place. FXCM Micro wants you to be the king!

Click here to watch a live chat question and answer session with a recent two time King of the Micro winner, on how he trades. http://forexforums.dailyfx.com/trading-pit-walker/98551-interview-king-live-11-00-et-08-31-a.html (Recorded Monday August 31, 2009 at 11:00 am EST)

The popular currency trading contest has been running for over four years and is free to participate in. King of the Micro is available to clients all around the world. Recent winners have come from the United States, China, Malaysia, and Canada.

All participants of the King of the Micro contest will receive the FXCM Power Course free to improve their chances to be King.

There is no registration needed, and the requirements are simple: all FXCM Micro clients with $500 in their Micro account at the beginning of the month are automatically entered. And traders must make at least ten trades during the month.

For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.

FXCM Micro is the discount brokerage division of FXCM. Traders may open an account and start trading with as little as $25 to enjoy FXCM Micro’s super-low spreads, automated execution, and 1k lot sizes. FXCM Micro is offered for individual, self-traded accounts.
For more information, read our latest forex news.

FXCM Takes on Leading CFD Providers: Offering Forex, Stock Indices & Commodity CFDs

FXstreet.com — Mon, 31 Aug 2009 13:24:00 GMT

FXCM Ltd. (www.fxcm.co.uk), a leader in the retail forex business will now offer a CFD product focusing on forex, global stock indices, oil, and precious metals.

Key features of online CFD trading with FXCM include:

. No re-quotes
. Competitive pricing
. No commissions*
. Generous leverage
. Single position accounts with hedging capabilities
. Benefits from dividends
. Guaranteed no deficit account balance as a result of trading with no extra fee

By trading CFDs with FXCM, retail clients benefit from FXCM’s close banking relationships with ten of the largest and most aggressive price providers who supply clients with large pools of liquidity and highly competitive spreads, even during market-moving news events. Furthermore, FXCM believes that the new index, commodity, and precious metal CFD instruments will complement their existing forex business and appeal to more retail clients globally, enabling them to trade a range of products from a single trading account.

FXCM executes your trades with no re-quotes. Some CFD brokers trade against their clients and will re-quote in order to make money on your trades, which creates a conflict of interest. FXCM will not interfere in your trading by re-quoting your trades.

Brian Griffin, Executive Director for CFDs at FXCM says:
“FXCM has some of the best people in the industry and feel that it is only a matter of time before FXCM claims its place as a significant provider in the global CFD industry.

Everything we do at FXCM is driven by client demand. Our clients have long asked to apply the no re-quote business logic we adopted for our award winning forex service to the index, oil, and metal CFD market-place.

This is what we have doneno re-quotes for our CFD products. I believe we have created the industry’s fairest retail trading platform. We welcome all clients who are frustrated with their current forex and CFD provider to give us a try.”

Open a free practice account and begin trading CFD’s with FXCM Ltd. http://www.fxcm.co.uk/free-forex-accounts.jsp

For further information on CFD market news and analysis please visit FXCM’s free news Web site www.CFDTrading.com.
For more information, read our latest forex news.

GAIN Capital's FOREX.com Expands Product Offering with Addition of Oil Trading

FXstreet.com — Thu, 27 Aug 2009 15:04:00 GMT

GAIN Capital, a global provider of online trading services, today announced that its FOREX.com UK division has added Brent crude oil to its award-winning FOREXTrader platform, enabling clients to trade oil alongside global currencies and spot metals.

"Economic fundamentals have become a significant driver of oil prices. This factor and the inverse relationship between oil and the U.S. dollar means trading oil is a fairly natural extension and an interesting alternative to currency trading," comments Jane Foley, Director of Research for FOREX.com.

"In addition, many currency traders already closely follow the price of oil, and commodities are increasingly popular with retail traders as they look for opportunities to generate positive returns outside traditional equity markets," adds Matthew Wright, Regional Director for FOREX.com in Europe.

FOREX.com offers Brent crude oil (BCO) as a Contract for Difference (CFD) with five percent margin and the flexibility to trade small contracts from just one lot, representing 100 barrels. The FOREX.com BCO contract tracks the current price of Brent crude on the Intercontinental Exchange (ICE). In addition to premium trading tools such as real-time charts and news, clients will also receive daily market commentary and analysis from the FOREX.com research team on the latest market trends impacting the price of oil.

Glenn Stevens, CEO, GAIN Capital, concludes, "Having launched gold and silver contracts on our FOREXTrader platform earlier this year, oil is the next logical step in our product expansion. We will continue to add new products to all of our platforms to help our clients take advantage of global trading opportunities."

Prospective traders can register online at www.forex.com/uk to learn more and to register for a free practice account to test oil trading strategies in a risk-free environment.
For more information, read our latest forex news.

Interbank FX Named to 2009 Inc. 500

FXstreet.com — Fri, 14 Aug 2009 15:33:00 GMT

Interbank FX recognized as the 208th fastest growing company in the U.S., 8th fastest growing company within financial services sector-

Salt Lake City — August 12, 2009— For the second consecutive year, Interbank FX (IBFX.com), a provider of online off exchange retail foreign currency (Forex/FX) trading, was named to Inc. magazine's renowned Inc. 500—an annual ranking of the fastest growing privately held companies in the United States. With a three year growth rate of 987.9% and annual revenue of $62.8 Million, Interbank FX placed an impressive 208th on the coveted list and ranked as the 8th fastest growing company in the Financial Services category.

"It is an honor to be recognized once again for such a prestigious award among such an elite group of U.S. businesses,” said Todd Crosland, Chairman and President of Interbank FX. “This acknowledgment from Inc. is a tribute to the loyalty of our more than 35,000 customers in over 140 countries around the world, as well as a testament to the hard work and dedication of the 175 employees at Interbank FX.”

Interbank FX takes pride in its world-class customer service, and the inclusion in this year’s Inc. 500 is the latest in a myriad of corporate accolades the company has received in 2009. Below is a list of significant milestones and recognitions the company has received thus far:

Todd B. Crosland, Utah Business Magazine’s 2009 CEO of the Year
Jon Pexton, Utah Business Magazines 2009 CFO of the Year Financial Champion
Marilyn McDonald, American Business Awards 2009 Marketing Executive of the Year Finalist
Marilyn McDonald, Utah Business Magazine’s 30 Women to Watch
Trader’s Choice Award 2009- FOREXDS
Best Mobile Forex Trading Platform 2009- World Finance Magazine
Best Foreign Exchange Broker 2009- Money AM Online Finance Awards
Best Online Education Provider 2009- Money AM Online Finance Awards

“Interbank FX continues to uphold the upmost integrity and transparency for our customers, facilitating successful trading,” said Crosland. “We look forward to continuing to raise the bar for 2009 and beyond.”

Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies by industry and region, can be found at www.inc5000.com.

Interbank FX will be featured in the September issue of Inc. magazine (on newsstands Aug. 17).
For more information, read our latest forex news.

M I G introduces Micro Step Lot Trading and a chance to watch Formula One LIVE in Abu Dhabi!

FXstreet.com — Wed, 12 Aug 2009 11:58:00 GMT

NEW! M I G Investments Offers Micro Step Lot Trading! For better control over your market exposure, UP your risk management with Micro Step Lot trading. Our step lot increments allow for even more flexibility, an excellent option for news‐event traders, and ideal for new traders aiming to master their trading skills. Step Lot trading begins at 0.1 lot and permits increments of 0.1, 0.11, 0.12 etc. For more information, contact Sales Support at + 41 32 722 81 00.

The Road to F1 FOREX CHAMPIONSHIP
Are you ready to test your Forex skills to win a trip of a lifetime to watch FORMULA ONE LIVE in Abu Dhabi? Play M I G’s The Road to F1 FOREX Championship and you could win two VIP Paddock Tickets, two Round‐Trip Flights, including fine accommodation, to watch, hear, and infuse yourself at the last GP of the 2009 FORMULA ONE season at the Yas Marina Circuit in Abu Dhabi. It promises to be a real showdown!
The challenge is on. Sign up NOW for your Championship DEMO Account (no obligations) and Trade Forex to win. Visit the Road to F1 FOREX CHAMPIONSHIP website for more details on how to play and subscribe. Good trading and good luck!
For more information, read our latest forex news.

dbFX partners with leading Wall Street performance coach for series of online trading seminars

FXstreet.com — Wed, 05 Aug 2009 14:30:00 GMT

‘Dr Doug’ webinars will examine the ‘psychology of trading’
First of the four seminars significantly over-subscribed

LONDON, 4 August, 2009 - dbFX.com, the online retail foreign exchange (FX) trading platform of Deutsche Bank, announced today it is holding a series of free webinars to help traders better understand the psychology of their trading.

‘Dr Doug’, a leading peak performance coach on Wall Street, will conduct four initial seminars in partnership with dbFX.com and examine in greater depth the psychology of trading and help traders to better understand their trading habits.

The first of the four seminars, which are free for all, was held on Wednesday 29 July, with hundreds of traders signing up to take part. This webinar will be replayed twice at different times so that each time zone has the opportunity to see and hear the session

The next webinar is taking place on 18 August 2009 and those interested in taking part should visit www.dbfx.com/drdougwebinar to register.

The seminars will include the following topics:

· Learning the skill of patience and giving common reasons why traders lose their patience when trading

· Measuring success by the quality of a trade rather than by the amount of profit / loss it makes

· Offer the five ‘right’ and five ‘wrong’ reasons to take a profit as well as the difference between ‘good’ and ‘bad’ trades

The final two webinars will be held over the next few months.

Betsy Waters, Global Director of dbFX.com, commented: “Effective trading is not just about understanding strategies and correctly picking trends, but also understanding your own trading habits and why we behave the way we do when making trades.

“Dr Doug is partnering with dbFX.com to provide traders with significant insight into their trading behaviours, as well as provide tips on how to help keep emotions in check and ensure that trades are made in the right frame of mind.

“Our first seminar has proven to be a huge success, and we urge those interested in taking part to visit dbFX.com and sign up online.”

Launched in 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 70 countries around the world. The platform was named ‘Best Retail Platform’ by Profit & Loss in 2008 and 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
For more information, read our latest forex news.

Alpari (US) announces full compliance with NFA rule 2-43 (b)

FXstreet.com — Tue, 28 Jul 2009 09:27:00 GMT

Alpari (US), a regulated Foreign Exchange company and global provider of online Forex trading, announced today that it will be maintaining full compliance with the new NFA Rule 2-43 (b), which requires orders be executed on a First In, First Out (FIFO) basis when multiple positions are held in the same currency pair. This means that the position which was first opened will be the first to be closed, but stop-loss and limit orders will still be able to be placed on Alpari (US) accounts.

Commenting on the new NFA rule, Olga Rybalkina, CEO of Alpari (US), said, “We fully embrace NFA’s new FIFO rule since it provides greater transparency for our customers and conforms to the standards in place in the broad, exchange-traded foreign exchange market. When the NFA first issued these new rules, we began working diligently with MetaQuotes Software Corp., on an upgrade to MT4 which is fully compliant with new FIFO/offsetting rule. Alpari (US) traders have also been able to download from our website a demo version of MT4 to practice with the FIFO-compliant features that MetaQuotes added to MT4. More importantly, the NFA has been kept fully abreast of our initiatives in this area and has had an opportunity to review them.”

Added Ms. Rybalkina,” We are providing our clients with the comprehensive information and educational tools to ensure that the implementation of this rule is a smooth transition for them.” Alpari (US) has prepared a special instructional video for clients on FIFO that takes them through the FIFO changes, step by step, and which can be accessed on our web site, www.alpari-us.com. As of July 27, 2009, traders will be able to visit the Alpari (US) website to access educational information on FIFO and watch this instructional video tutorial on trading using the new NFA-compliant features added to MT4. Alpari (US) has also begun work on a proprietary software program which will add enhanced trading capabilities and functionalities to MT4, yet still remain in compliance with FIFO.

In addition, several email blasts beginning today will be sent to clients alerting them to the FIFO changes that take effect at the end of trading on July 31, and commence on Monday, August 2nd. All clients’ pending orders will be closed as of the end of trading on July 31st to conform with the new FIFO rule.
For more information, read our latest forex news.

GFT’s FX360 App Ranks 8th Among “The Top 20 Investing Apps for iPhone and iPod Touch”

FXstreet.com — Thu, 23 Jul 2009 14:34:00 GMT

GFT’s FX360.com ranks 8th among top 20 investing applications for financial news, trading and analysis, according to the popular Penny Sleuth website that ranked the best investing apps for the iPhone earlier this year.

“The FX360 app is your mobile window into the world of currency trading,” the editors of the site said.

The free FX360 app offers real-time forex quotes and around the clock commentary from GFT Currency Co-directors of research Kathy Lien and Boris Schlossberg.

“If you’re new to the currency markets, the research and analysis you’ll find at FX360 should provide you with plenty of fundamental and technical ideas to get started in trading forex,” said Boris Schlossberg, director of currency research, GFT.

With the release of the iPhone 3GS, forex traders are now be able to receive commentary, quotes and analysis of the latest market moves even faster than before.

“Forex traders using the popular iPhone™ now have the quickly moving forex market, right at their fingertips, anytime, anywhere,” said Schlossberg.

GFT’s FX360 iPhone application provides real-time quotes on major currency pairs, commodities such as 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.

Additionally, throughout the global trading day, GFT Analysts Roger Stojsic and Bradley Gareiss deliver advanced technical analysis reports and make clear directional calls on major currency pairs.

Kathy Lien, director of currency research, GFT, believes that the ranking as one of the top iPhone Apps is an honor and testament to their research team and their innovative colleagues at GFT.

“Our knowledge of the markets combined with the savvy developers behind the FX360 app allowed us to design what currency traders truly needed–a fully functional mobile platform that provides real-time data and timely commentary on the market,” said Lien.

The application, which is available now at the Apple® iTunes® store, offers all of the best features of FX360.com, but in a fast, portable iPhone™-based format.
For more information, read our latest forex news.

GFT Announces Software Update for DealBook® 360: Customers Get More Ordering Features

FXstreet.com — Wed, 22 Jul 2009 15:24:00 GMT

GFT, one of the world’s largest online currency dealers and derivative market-makers, announced today an updated version of its DealBook® 360, making one of the best trading platforms even better–customers now have the ability to create more orders using custom strategies, trendlines and Fibonacci indicators.

DealBook® 360 customers already have one of the most advanced trading platforms for forex, futures and derivatives, and now GFT is adding five great features: chart line orders, RCI indicator, create parent and contingent orders for strategies, custom tick charts and quote delay notifications (futures). Highlights of these features include:

- Chart line orders: The new chart line orders features gives GFT customers the opportunity to place orders based on price breaks above or below a basic trend line or Fibonacci retracement.

- RCI indicator: The Rank Correlation Index is an indicator that analyzes price in relation to the time – it force-ranks the most recent price and most recent time statistically to help traders forecast possible trends

- Create parent and contingent orders for strategies: GFT customers can use a common program language called CTL to create parent and contingent orders to get into and out of a market position, as part of their trading strategy. Traders can create strategies that will execute a P&C order, either a certain number of pips above an indicator line or a certain number of pips below an indicator line.

- Custom tick charts: Another request by GFT customers who use strategies, custom tick charts can assist traders creating their own versions of MACD, Bollinger Bands, Stochastic, etc.

- Quote delay notifications: A new feature that alerts customers if the quotes they are using are delayed – e.g. futures quotes are delayed up to 10 minutes on the demo system but not for live accountholders.

“We simply keep adding new and appealing tools, but the real credit comes from the constant dialogue we have with our customers, many of these were created by them,” said Gary Tilkin, president and CEO, GFT.

The DealBook® 360 update also includes margin calculation upgrades, an optional “don’t save login information, a pip calculator view that works for futures and a progress bar for chart strategies.

The free DealBook® software upgrade –version 2.12.37–from GFT is available by downloading it from here.
For more information, read our latest forex news.

Alpari (UK) launches automated Forex investment revolution

FXstreet.com — Wed, 22 Jul 2009 14:57:00 GMT

Alpari (UK), one of the world’s fastest growing online foreign exchange (Forex) trading providers, announces Systematic, a fully automated web-based portfolio-trading platform. Systematic is especially designed for investors looking for an introduction to the international Forex market, offering them complete freedom to trade cost-effectively without substantial trading experience.

Trading Forex with confidence
Investors can use Systematic to choose from 20 predefined and time-tested portfolios and get started right away. Systematic will then implement the chosen strategies on behalf of the investor, eliminating the often damaging emotional impact associated with manual trading. To help investors make more informed and responsible decisions, Alpari (UK) offers account holders unrestricted, free access to online tutorials through its Alpari Academy educational resource.

More experienced Forex investors can also choose from up to 150 time-tested strategies to create and customise their own portfolio. All strategies in Systematic were developed by seasoned Forex traders, and their performance can be traced back to up to twelve months.

Two platforms through one account
In addition and, as an exclusive benefit, Systematic is fully integrated with existing Alpari (UK) client accounts: clients can switch between fully-automated trading through Systematic and manual trading through MetaTrader 4, all through the same account.

Easy access to the largest financial market in the world
The ability to trade currency across global markets 24-hours a day makes Systematic an innovative Forex-trading solution, allowing investors to take advantage of market opportunities without the need to constantly monitor the market.

Today, Forex is the largest financial market in the world, with the equivalent of over USD3.98 trillion (source: BIS) changing hands daily, compared with traded volume on the stock markets of only USD500 billion.
For more information, read our latest forex news.

FXstreet.com launches its Technical Forex News Feed to the global Forex community

FXstreet.com — Tue, 21 Jul 2009 12:01:00 GMT

The 100% Forex News of FXstreet.com, the leading Forex website, can now be integrated in any information website or broker's currencies platform. It's a 24hr exclusive service that covers in real-time the most relevant movements of the most traded pairs, including majors, small dollars and major crosses.

This news service gives a general technical radiography of the most traded pairs that FX traders can check for an update or summary of the market's last movements. Experts' analysis and bank's forecasts are also added to give another insight to the information.
The feed also includes stocks and commodities news (gold and oil) when important movements occur and have noteworthy impacts on the currencies. Finally, some of the most important economic indicators are covered too, as PIB numbers, Central Banks interest rate decisions or Non-Farm Payrolls for example.

This is a totally exclusive and original news feed which has no direct competitor in the market now. The news provided by other existing newswires are mainly macro-economic, very few of them are currencies-related. The journalists and traders team of FXstreet.com now offers up to 45/50 Forex news items per day, covering all the trading sessions 24 hours. You will find this Forex news feed in our News section at http://www.fxstreet.com/news/

It can now be integrated on to third party websites. On launch, the yearly contract is offered at the special discount rate of 450€/month. Hence forward it will be 850€/month for a yearly contract. This is a very competitive fee compared to other news agencies, especially taking into account that no comparable service is available on the market.

Francesc Riverola, CEO and Founder of FOREXSTREET, S.L., declared: “I'm confident this service can be a good product for websites, brokers or companies which want to offer valuable information to their customers directly on their own pages or platform. Their users will be informed 24 hrs about the Forex. This service has a large following on our own website and we thought it was about time we offered it to the outside world.”

The Forex news feed also exists in Spanish, at FXstreet.es, and offers about 15 news per day. This service can also be integrated by other companies.
For more information, read our latest forex news.

Online Forex Company GFT Announces $200 Account Bonus for New Customers

FXstreet.com — Tue, 21 Jul 2009 11:38:00 GMT

As many forex dealers sent notice last week of potential conflicts in compliance with a new National Futures Association (NFA) rule that requires a "first-in, first-out" (FIFO) method of trading, GFT announced full compliance as well as a $200 account-opening bonus to traders seeking a compliant forex dealer.

The $200 bonus is available to new GFT customers who open a standard trading account with a minimum balance of $2,500. However, GFT President and CEO Gary L. Tilkin said traders who open larger accounts may be eligible for even more perks.

“Traders with accounts larger than $2,500 will be not only receive this limited-time account bonus, but could also be eligible for even more bonuses through our new account packages program,” he said. “It’s quite appealing given that you get free tools, news and other benefits.”

Traders who choose to open mini forex accounts, which start at $250, could be eligible for a $50 account bonus. Both account bonus offers from GFT are subject to terms and conditions, which can be read here.

“We’re pleased to offer this account bonus program as a way to help new customers put our services and award-winning trading platform the test,” said Tilkin.
GFT ranks among the top online trading companies in the world and offers a wide range of trading services, from forex trading services around the world, to market derivatives trading in Europe, Asia, Middle East and Australia.

GFT’s adjusted net capital is more than $80 million, according to the latest figures released by the CFTC, far exceeding the NFA’s requirement of $20 million.

Earlier this month, in preparation for the new rule, some forex dealers announced they will no longer offer stop-loss or limit orders as a way to exit an existing market position.

Although the new rule does not prohibit these orders, position-based trading systems to not comply with the new FIFO matching system, further limiting traders’ market strategies and risk-management techniques.

GFT’s award-winning DealBook® trading platform already complies with the new NFA rule, and offers a full range of entry and exit orders, including stops, limits, automated trailing stops, parent and contingent orders and order cancels order. The platform, which was created in 1998, is designed around a net-based system rather than a position-based system.

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.

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 price difference between the two is 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. See an example here.
For more information, read our latest forex news.

Interbank FX Announces Compliance with the New NFA FIFO Rule, Retaining All Platform Order Functionality Including Expert Advisors

FXstreet.com — Tue, 21 Jul 2009 11:32:00 GMT

Interbank FX (IBFX.com), a worldwide provider of online foreign currency (Forex/FX) trading, announced today a solution for NFA Compliance Rule 2-43 affecting all NFA regulated Forex brokers.

Using our proprietary backoffice solutions, Interbank FX will allow our Meta Trader 4 platform to remain 100 percent compliant, while retaining order functionality and flexibility for customers trading. The MT4 platform will continue to function as our customers have experienced over the last several years. This includes the ability for customers to use fully functional Expert Advisors, Stops Losses, Take Profits, Trailing Stops and Limit Orders without making any needed adjustments.

“Certain US competitors have decided that their solution to the new FIFO rules are to move their customers overseas, rather than being compliant,” said Todd Crosland, Chairman and President of Interbank FX. “At Interbank FX, we have embraced the NFA’s efforts to help protect customers and provide a seamless solution without any changes to their current trading strategies.”

The only modification for customers will be their daily and monthly account statements, coming directly from the proprietary Interbank FX backoffice system using NFA FIFO offsetting procedures. The FIFO rule takes effect beginning July 31/August 1, 2009.

Interbank FX is currently working on a step-by-step video which will be available shortly on our web site, www.ibfx.com.
For more information, read our latest forex news.

FXCM Recognized With Best Retail Platform by FX-Week

FXstreet.com — Fri, 17 Jul 2009 10:33:00 GMT

FXCM Holdings LLC (http://www.fxcm.com) has been awarded Best Retail Platform by FX-Week at the 2009 e-FX awards.

The award, announced on July 7, 2009, at the FX-Week U.S. conference, recognizes industry excellence in electronic foreign exchange trading from banks and vendors.

FXCM triumphed over other industry leading firms, including Saxo Bank and Gain Capital.

“This award confirms FXCM’s leadership in the forex market. The No Dealing Desk* (agency execution) business model embraced by FXCM in 2006 is clearly the direction forward for the retail industry. Clients want transparent and fair execution and FXCM offers it,” says Marc Prosser, the firm’s chief marketing officer.

FXCM developed its proprietary trading platforms: FX Trading station II (pc based) and FXCM Active Trader (web based) to meet the rigorous conditions of today’s volatile markets. The current platforms were developed by an in-house team of over 50 programmers. FXCM’s platforms are extremely stable, scalable and robust. There are over 150,000 live accounts trading on FXCM platforms, with an average of over 8 million trades per month.

FXCM currently has successful white-label relationships all over the world working with banks, brokerages and large financial institutions. White label partners are able to deploy individually customized platforms based on FXCM’s awarding forex trading platform.
For more information, read our latest forex news.

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.

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.

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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