Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Sunday, October 4, 2009
Forex News Trader
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Tuesday, September 22, 2009
CMS Forex UK launches
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.
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.
Interbank FX Extends Promotion Into September
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!
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!
FXCM: Forex Trading Contest Offers $40,000 in Cash
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.
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.
Forex: GBP/USD extends decline to 1.6400 as fresh 1-week low
FXstreet.com (Barcelona) – The Sterling has continued with its today's drop against the Greenback on the back of the King's morning comments and the better than expected US today's data. GBP/USD has fallen 260 pips since the early European session from intraday high at 1.6660 to test 1.6400 and trade at 1-week low levels.
Currently the pair is trading around 1.6520/30, 0.90% below today's opening price action at 1.6578.
Valeria Bednarik, FXstreet.com collaborator, comments: “Strong fall in Gbp, halted around static support zone around 1.6440, suggest some upside correction before another attempt to break lower, as hourly indicators reached oversold conditions. Bigger time frames turned bearish yet 200 EMA in 4 hours charts, around mentioned 1.6440 is capping the downside. We need to see the pair clearly under to call for further downside movements here.”
Currently the pair is trading around 1.6520/30, 0.90% below today's opening price action at 1.6578.
Valeria Bednarik, FXstreet.com collaborator, comments: “Strong fall in Gbp, halted around static support zone around 1.6440, suggest some upside correction before another attempt to break lower, as hourly indicators reached oversold conditions. Bigger time frames turned bearish yet 200 EMA in 4 hours charts, around mentioned 1.6440 is capping the downside. We need to see the pair clearly under to call for further downside movements here.”
WORLD FOREX: Dollar Remains Higher On Encouraging US Data
NEW YORK (Dow Jones)--The dollar remains stronger against the euro and yen late morning Tuesday after better-than-expected U.S. economic data gave the U.S. currency at least a temporary lift from its post-summer slide.
Whether the dollar can sustain its burst of strength is uncertain, analysts said. In choppy trading, the U.S. currency has already given back some of its post-data gains to the yen and euro.
The latest report on retail sales, which analysts had said are key to a U.S. economic recovery, came in better than expected, with a 2.7% increase, boosted by the government's "Cash for Clunkers" car-buying program. The U.S. Producer Price Index rose 1.7% in August, higher than the 1% analysts had expected.
In addition, the New York Fed's Empire State business-conditions index climbed to 18.88 in September, its highest level since late 2008.
The three reports painted a more encouraging picture of the U.S. economy than investors have been accustomed to seeing.
That the dollar gained on positive U.S. data could be a sign that the dollar sell-off has hit a floor, said Brian Dolan, chief currency strategist at Forex.com in New Jersey.
Late Tuesday morning in New York, the euro was at $1.4596 from $1.4612 late Monday, according to EBS via CQG. The dollar was at Y91.29 from Y91.00. The euro was at Y133.25 from Y132.98. The U.K. pound was at $1.6440 from $1.6562, while the dollar was at CHF1.0387 from CHF1.0355.
The euro had been on a tear against the dollar since the U.S. Labor Day holiday last week, when risk appetite flooded back into the market. The euro hit a nine-month high against the dollar on Monday.
The common currency slipped below $1.4561 in morning trading as investors repositioned after the U.S. data and consolidated after the euro's recent rally.
Still, traders said they expected the euro to remain within its new range.
"We believe the euro extended itself last week, and I think we're just consolidating in these ranges," said Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.
The euro within the next few days should trade in a range from $1.4450 to $1.4650, said Sacha Tihanyi, a currency strategist with Scotia Capital in Toronto.
Even if the dollar is given temporary boosts by improving U.S. economic data, the euro is likely to strengthen to $1.50 by the end of the year, based on concerns over U.S. fiscal health, including mounting deficit spending, Tihanyi said.
A significant decline in the dollar had been called a threat to U.S. financial stability in comments Monday from San Francisco Federal Reserve President Janet Yellen. She added that the Fed doesn't have control over the currency, but takes the dollar's movements into consideration when setting monetary policy.
Meanwhile, the pound fell sharply overnight - and continues to fall - after Bank of England Governor Mervyn King said cutting the rates that the BOE pays on deposits could be a "useful supplement" to monetary policy.
The pound sank swiftly from $1.66 to the $1.6525 area, a six-day low against the dollar, immediately after King made the comments in a testimony to a parliamentary committee. It later kept on falling.
Similarly, the euro shot up from GBP0.8786 to GBP0.8828, marking a three-month high against the pound.
"The fact that he made comments around the scope for a rate cut is not supportive for the currency. Given that sterling has performed quite well of late, this is a reality check," said Phyllis Papadavid, a currencies analyst at Societe Generale in London.
Whether the dollar can sustain its burst of strength is uncertain, analysts said. In choppy trading, the U.S. currency has already given back some of its post-data gains to the yen and euro.
The latest report on retail sales, which analysts had said are key to a U.S. economic recovery, came in better than expected, with a 2.7% increase, boosted by the government's "Cash for Clunkers" car-buying program. The U.S. Producer Price Index rose 1.7% in August, higher than the 1% analysts had expected.
In addition, the New York Fed's Empire State business-conditions index climbed to 18.88 in September, its highest level since late 2008.
The three reports painted a more encouraging picture of the U.S. economy than investors have been accustomed to seeing.
That the dollar gained on positive U.S. data could be a sign that the dollar sell-off has hit a floor, said Brian Dolan, chief currency strategist at Forex.com in New Jersey.
Late Tuesday morning in New York, the euro was at $1.4596 from $1.4612 late Monday, according to EBS via CQG. The dollar was at Y91.29 from Y91.00. The euro was at Y133.25 from Y132.98. The U.K. pound was at $1.6440 from $1.6562, while the dollar was at CHF1.0387 from CHF1.0355.
The euro had been on a tear against the dollar since the U.S. Labor Day holiday last week, when risk appetite flooded back into the market. The euro hit a nine-month high against the dollar on Monday.
The common currency slipped below $1.4561 in morning trading as investors repositioned after the U.S. data and consolidated after the euro's recent rally.
Still, traders said they expected the euro to remain within its new range.
"We believe the euro extended itself last week, and I think we're just consolidating in these ranges," said Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.
The euro within the next few days should trade in a range from $1.4450 to $1.4650, said Sacha Tihanyi, a currency strategist with Scotia Capital in Toronto.
Even if the dollar is given temporary boosts by improving U.S. economic data, the euro is likely to strengthen to $1.50 by the end of the year, based on concerns over U.S. fiscal health, including mounting deficit spending, Tihanyi said.
A significant decline in the dollar had been called a threat to U.S. financial stability in comments Monday from San Francisco Federal Reserve President Janet Yellen. She added that the Fed doesn't have control over the currency, but takes the dollar's movements into consideration when setting monetary policy.
Meanwhile, the pound fell sharply overnight - and continues to fall - after Bank of England Governor Mervyn King said cutting the rates that the BOE pays on deposits could be a "useful supplement" to monetary policy.
The pound sank swiftly from $1.66 to the $1.6525 area, a six-day low against the dollar, immediately after King made the comments in a testimony to a parliamentary committee. It later kept on falling.
Similarly, the euro shot up from GBP0.8786 to GBP0.8828, marking a three-month high against the pound.
"The fact that he made comments around the scope for a rate cut is not supportive for the currency. Given that sterling has performed quite well of late, this is a reality check," said Phyllis Papadavid, a currencies analyst at Societe Generale in London.
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