By Forex Magnates -
Russia, India and South Africa were the most mature of 14 emerging forex markets studied, using data from the last (2007) BIS survey of central banks. They each scored more than 50 on the Market Maturity Index (MMI), suggesting they are more than halfway there, as compared to the fully mature markets, like the US.
The MMI was developed as a composite of the Relative Liquidity Index (which has historically been used to measure market maturity) and a Market Sophistication Index, which incorporates a range of other variables – cross border transaction volumes, domestic volumes traded by non-financial players (real sector players), volumes traded domestically by investment entities (hedge funds and the like), and volumes of derivatives transacted. Read More
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Just a brief post going into the NFP data release in 70 minutes. EUR/USD has been in a very small range since yesterday afternoon; the coil is being wound up and getting ready to spring. I was thinking this morning that it has been a while since any talking head has had anything but a long ... ...
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: ...
By Forex District – ‘At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively,’ the Bank of England. ‘The President of th...
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 requirements). This ... ...
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 to ... ...
By Forex District - This article outlines the process for executing precision entries. The risk/reward ratio for this method is in the range of 1:10 to 1:50+ subject to position size, market conditions and the point at which the trader decides to take profit. Managing risk effectively is a critical tool both for profit generation and for ... ...
By Daniel Hoffner - Before you consider purchasing a Forex Robot, you have to pick a Forex broker to work with, and a “platform” to use. Which trading platform to use? There are hundreds of brokers in the market, which means that you connect to them through the internet, and trade through them. Usually each broker ... ...
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...
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 deliv...