Archive for the Forex News Category
GBP/NZD Enjoys Frequent Congestion But Range Somewhat ill-Defined
By Daily FX – The past 24 hours have seen considerable volatility; yet most of the tension behind potential breakouts has yet to dissipate. This leaves many risk-sensitive crosses threatening significant reversals and a market floating enough price action to finally catalyze a move. Why Would GBPNZD Hold a Range? Levels to Watch: -Range Top: [...]
Brokers’ Finances Comparison May-June 2009
By ForexMagnates – Each month the CFTC issues a report with the financial data for Futures Commission Merchants (FCM). Each month I’m tracking the change in net capital of the reporting brokers, as well as who the surviving brokers are. Last month most of the brokers gained (probably due to the increase in net capital [...]
GBP Hits 2009 High
By FXStreet – A massive turnaround for the dollar as the risks reverse their positions post GDP figures assisted by soaring oil prices. The dollar continued to fall against all majors in thin trading conditions, the Euro, pound, franc and yen all gaining ground. With oil back above $70 per barrel, along with stocks continuing [...]
Well Done Interbank FX
Could this be the last straw? Is this the end of Interbank FX’s fledgling retail forex business? For Immediate Release For more information contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000 July 30, Chicago – National Futures Association (NFA) [...]
Paypal Cracks Down on Forex
By ForexMagnates – Paypal is one of the leading online payment processing companies, allowing you to send and receive money securely all over the world. This solution is particularly successful with private individuals transferring money one to another, and with small and medium sized businesses who prefer the easy billing service that Paypal delivers. Paypal [...]
USD STEADY, UNCHANGED INTO NEW YORK
By Core Financial Group – The USD is about unchanged in early New York after a quiet two-way overnight session that saw tighter ranges in most pairs with a few new highs in the USD against some pairs. Overnight news was light but USD-positive and technical factors appeared to be the main focus as the [...]
Scandinavian Countries Positioned for Currency Rebound
By ForexYard – News in Sweden has recently added the possibility of a rise in consumer confidence as the Riksbank has extended its 50 billion SEK bailout program by an additional 6 months in order to ease lending throughout the country. The program is designed to add liquidity to banks feeling the crunch of the [...]
Dollar Firms Following Comments by Bernanke
By Forex Hound – An opinion piece by Federal Reserve Chairman Bernanke is helping to put pressure on the GBP USD overnight. This is leading traders to call for a lower opening in New York The article in the Wall Street Journal highlighted Mr. Bernanke’s opinion that the Fed was “confident we have the necessary [...]
Strong Dollar – We give in
By Back Bay FX – Ever since the US Fed’s FOMC statement on June 24, we have held a fundamental position that the USD would strengthen vs. EUR and GBP (expressed as lower EUR/USD & GBP/USD). The price action of those two pairs in the last few days has caused us to close down those [...]
NFA Makes Fun of You – And of Itself
By Forex Magnates – NFA’s efforts to ridicule the mandate it has been given by the CFTC have finally reached the point where it simply becomes absurd. It appears that the agency has no idea what it should be doing or what the results of its actions are. If I wasn’t sure that the NFA [...]