Archive for the Forex News Category
Forex Scam Unveiled: Capital Blu
By Forex Magnates -
Capital Blu investors’ $17M mostly gone, authorities say
Investigators have found only a fraction of the $17million that investors poured into a Central Florida-based currency-trading scheme called Capital Blu, according to the company’s court-appointed receiver.
Less than $500,000 in cash has been recovered so far from Capital Blu Management LLC, whose operations began unraveling [...]
Think Like a Dealer – FOMC Wednesday
The US Federal Reserve prints it’s FOMC statement tomorrow at 2:15pm EST. After the Fed’s last FOMC announcement, we saw the futures markets price in a much higher expectation of the Fed increasing US short term interest rates by the end of 2009. Without going into the mechanics of futures, US Treasuries and the USD, [...]
U.S. markets open with moderate gains; Dollar and Yen drop
By FXStreet – U.S. stock markets have opened Tuesday’s session with moderate gains ahead of the release of two key reports on the housing markets. Euro and Pound are performing sharp recoveries as risk appetite returned.
Dow Jones Industrials Index edges up 0.16% while the Nasdaq Index rises 0.39% and the S&P Index trades 0.36% above [...]
Hedgestreet Re-Branded as Nadex, Offering Same Service
Nadex (The North American Derivatives Exchange) is a very interesting concept allowing you to trade stock indices, commodities, forex, and economic events with Limited Risk in a transparent, regulated market.
Nadex, Inc. is a retail-orientated exchange offering simplified derivatives contracts on the world’s markets. Nadex is subject to regulatory oversight by the CFTC.
It is also a subsidiary [...]
US Data Events – Week of June 21 – 26
Wednesday June 24 – US Fed Reserve Announcement @ 2:15 pm EST. Expect statement on Fed’s Quantitative Easing Program. No expected change to short term interest rates.
Thursday June 25 – US 1st Quarter Gross Dommestic Product statistics released @ 8:30 AM EST. We have seen the Estimated and Revised data….now we see the Actual. Any [...]
Euro and Pound Pick Up on Jobless Claims Figures
By FXStreet – U.S. Initial jobless claims rose by 3K to 608K on Jun 13 week, while continuing claims declined by 148K to 6,686K on the week of Jun 6th for the first time since early January.
EUR/USD has picked up from 1.3910 intra-day low to test minor resistance at 1.3960 level. The Pound has bounced [...]
U.S. Dollar Rally May Have Legs
By FX360 – The primary theme in the currency markets today was the recovery in the U.S dollar as the greenback staged its strongest rally against the Euro since March. However it was a combination rather than a single factor that drove the dollar higher. Concern about the financial sector in Europe, Russia’s shift on [...]
Forex Morning Update: Yen Surges as Stocks Fall
By Forex District – Asian stocks fell following the moves from Wall Street prompting investors to exit riskier trades. The Yen was the biggest beneficiary as it gained ample ground against higher yielding currencies. Weaker than expected data and fears that the recent moves in financial markets may have been overdone spurred a flight into [...]
GBP/USD tests 1.6300
By FXstreet – The Pound is now recovering after falling against the Dollar. During the American session the pair reached an intra-day low at 1.6240. From there the pair recovery finding resistance at 1.6300. So far today GBP/USD has fallen 0.80% from the opening price.
Cable is also weaker against the Yen. GBP/JPY has fallen below [...]
Dollar Gains Ahead Of G8 Meeting
By Forex District – The Dollar advanced across the board as investors locked in profits ahead of this weekend’s G8 Finance Minister’s meeting. There could be a great deal of information and statements released over the weekend that could potentially impact the short term moves in the Forex market.
However, there is not much expected to [...]
