Forex Flash: Today's strategy for USD/JPY – Commerzbank, Danske Bank and UBS - FXStreet.com
FOREX CLUB Increases Currency Pairs Offering to 50 - PR Newswire
MOSCOW, June 5, 2012 /PRNewswire/ --
FOREX CLUB, a leading[1] online broker, has announced that it has more than doubled the number of currency pairs it offers clients worldwide on the MetaTrader4™ platform. Twenty-eight new pairs have been made available, bringing the total number to 50.
(Logo: http://photos.prnewswire.com/prnh/20120517/533090 )
The increased number of currency pairs, available on FOREX CLUB's MetaFX account, opens up a wider range of trading opportunities for MT4™ traders and strengthens the number of varying trading strategies available.
Igor Voronin, Head of Products and Services, said: "At FOREX CLUB we care about delivering the best standards and services for our global clients. As such, we introduce new services and strengthen existing ones to ensure clients can access a great range of trading opportunities. Increasing our currency pairs offering to 50 on the MetaTrader4 platform is a good example of this."
FOREX CLUB's full list of currency pairs is availablehere.
Sample competitor comparison table
Data correct as of 31 May 2012
Alpari Gain TeleTrade Alpari NZ UK Capital FOREX CLUB FXCM SAXO forex.com Currency pairs 50 44 57 30 34 41 46
Notes for Editors
About FOREX CLUB
Established in 1997, FOREX CLUB (the company) is the brand name for a group of companies that provides clients from over 120 countries with platforms and services for trading forex, CFDs and other online trading and educational products. We offer every client high-quality tools in training, analytics and education, as well as personal support where they want it. FOREX CLUB has over 600 employees worldwide. In 2011, over 45,000 traders chose to learn forex trading with us. The company was one of the industry's first to offer zero spread trading and commission refunds on all unprofitable trades exclusively on StartFX2, the company's proprietary platform.
We are committed to the developed standards set forth by government regulators and one of our company's priorities is to conduct business in strict compliance with current regulatory requirements of the markets within which we operate. As a result, our Russian broker, FOREX CLUB, is a founding member of CRFIN, the Russian self-regulatory organization.
The structure of FOREX CLUB Group of Companies includes a range of brokers and training centers, including Forex Club International Limited, FOREX CLUB (FSFM license #004857) and the International Trading Academy. For information on our business in Russia and CIS, please click here.
About Metatrader4™
MetaTrader4™ is a perfectly equipped workplace for trading in the financial markets with forex, CFD, and futures. It provides all the necessary tools and resources to analyze price dynamics, open and close positions, create and use automated trading programs (Expert Advisors). It represents the all-in-one concept and is the most popular trading terminal in the world.
MetaTrader 4™ contains all the trading functions you will need. The terminal supports three types of operation execution, including Instant Execution. All types of orders are available, ensuring fully-fledged and flexible trading activities. Traders can use market orders, pending and stop orders, as well as the Trailing Stop. There are several ways to open positions, including the ability to trade directly from a chart. The embedded tick chart is extremely useful for an accurate determination of entry and exit points. Alerts on trade positions is another handy tool to help you track all favorable moments.
Security of making the trade transactions is of paramount importance. In MetaTrader 4™, we have come up with the perfect solution. All data exchange between the client terminal and the platform servers is 128-bit encrypted, which is enough to ensure the security of transactions. In addition to this, you can use the improved security system based on the algorithm for public-key cryptography (RSA). For more information, please click here.
1. FOREX CLUB was rated in Forex Magnates' Q4 2011 and Q1 2012 Industry Reports as one of the top ten global brokers by retail forex volume
FOREX-Euro hits 1-week high as bears trim bets ahead of G7 call - Reuters UK
* Euro hits 1-week high vs USD, above tenkan line
* Euro rebound may lose steam if no concrete steps from G7
* Some speculate ECB might act on Wed
* Aussie gains after 25 bp cut, market expects more cuts
* Short-term dlr/yen call options in favour on intervention fears
TOKYO, June 5 (Reuters) - The euro extended gains to a one-week high on Tuesday as some sellers pared back their huge bets against the currency ahead of a conference call by the Group of Seven financial policy makers on the European debt crisis.
Although market players remain sceptical of a major breakthrough given a lack of consensus within Europe on how to save Spanish banks and on other matters, there was caution in case the meeting leads to some kind of policy agreement, given record short positions on the euro.
"It will take a long time to resolve the debt crisis. I don't expect European policy makers to come to an agreement soon. I am ready to sell the euro around $1.2550," said a trader at a Japanese bank.
The euro rose to as high as $1.25429, its highest in a week, extending its rebound from a two-year low of $1.2288 reached on Friday. It last stood at $1.2520, up 0.2 percent from late U.S. levels.
On the daily Ichimoku chart, the euro rose substantially above the tenkan line for the first time in about a month and if it closes above that level, at $1.24565 on Tuesday, it could herald further recovery in the battered currency.
Immediate resistance for the euro lies at $1.2545, the 76.4 percent Fibonacci retracement of its decline last week and above that there is resistance at $1.2570, the 23.6 percent retracement of its longer term decline from a February high of $1.34869.
Against the yen, the single currency rose 0.3 percent to 98.22 yen, moving off Friday's 11-year low of 95.59 yen. It hit a fresh one-month high against the British pound at 81.405 pence.
News that finance chiefs from the Group of Seven leading industrialised powers will hold emergency talks on the euro zone prompted some market players to speculate that the European Central Bank could yield to additional pressure.
"They may put pressure on the ECB to do something," said Eiji Kinouchi, chief technical analyst at Daiwa Securities.
Some market players said ECB President Mario Draghi may embark on pre-emptive moves and surprise markets, as he did last year just after he took over the helm at the bank. They added that the ECB could implement a rate cut or a massive injection of funds.
RBA CUTS
Financial markets are anxious about the risks from a Spanish banking crisis and fret a Greek election on June 17 could lead Athens to leave the single currency and precipitate yet more economic turbulence.
France and the European Commission signaled their support on Monday for an ambitious plan to directly use the euro zone's permanent bailout fund to rescue stricken banks.
But Germany, the euro zone's biggest economy and the biggest contributor to the European Stability Mechanism, has so far opposed any use of bailout funds without a country having to submit to a politically humiliating austerity programme imposed by international lenders.
In a sign of increasing concern about the impact of the euro zone debt crisis, the Reserve Bank of Australia cut interest rates by 25 basis points but the cut was less than some had expected, sending the Australian dollar higher .
Local money markets had been pricing in a rate cut of at least 25 basis points, with some players looking to a deeper 50 basis point cut.
The Australian dollar rose close to 0.7 percent to $0.9784 , extending its recovery from an eight-month trough of $0.9581 hit on Friday.
Still, some market players see the Aussie trapped in a downtrend as they expect the Australian central bank to cut rates further in coming months.
The Japanese yen moved little against the U.S. dollar at 78.33 yen, off Friday's 3 1/2-month low of 77.652 yen, helped by wariness about Japanese yen-selling intervention as Japanese Finance Minister Jun Azumi has stepped up his rhetoric against the yen's rise.
Some market players are buying short-term dollar/yen calls to bet on, or hedge against intervention, pushing the one-week risk reversal spread to its highest level in favour of dollar calls in six months. (Additional reporting by Antoni Slodkowski; Editing by Edwina Gibbs)
FOREX.com Named Best Arabic FX Platform 2012 at Saudi Money Expo - Zawya.com
Dubai, United Arab Emirates, 5 June, 2012 - FOREX.com, the retail division of GAIN Capital (NYSE: GCAP), a global provider of online trading services, was awarded "Best Arabic FX Platform 2012" at the recent Saudi Money Expo held in Jeddah.
FOREX.com was given the prestigious accolade based on voting by investors and industry experts ranking the top FX brokers and educators in the region.
"We are delighted to receive this award, which recognizes our commitment to tailor and improve our services for our customers in the Middle East," said GAIN's Chief Product Officer Muhammad Rasoul. Mr. Rasoul added, "Trading volume from the region grew over 150% last year and, in anticipation of continued growth in the region, we recently launched an enhanced Arabic version of our FOREXTrader PRO platform, featuring Arabic language news and research, along with fully localized trading tools."
FOREX.com offers trading in more than 70 markets, including currencies, gold & silver, oil, natural gas, agricultural commodities, and global equity indices. In addition to the FOREXTrader Pro platform, FOREX.com also supports the popular MetaTrader (MT4) platform in Arabic, for traders who want to run automated strategies while enjoying the competitive pricing, stability, and service of a global market leader.
FOREX.com's Arabic service is regulated by the UK's Financial Services Authority, which provides clients with a robust regulatory framework and segregated funds protection.
"Traders today want a robust service that operates with strong regulatory oversight," added Mr. Rasoul. "Our FSA regulated service, along with our transparency as a U.S. public company, provides traders with a lot of confidence in choosing FOREX.com as their trading provider. Looking ahead, our goal is to expand our products and services for traders in the Middle East. This includes delivering new, innovative tools, expanding the trading markets we offer and, of course, continuing to provide superior customer service and trading execution."
For more information or to open up a complimentary 30-day practice account, traders should visit www.forex.com or www.forex.com/ar.
*Foreign exchange and CFD trading involves significant risk of loss, and is not suitable for all investors.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
A pioneer in online forex trading, GAIN Capital operates FOREX.com®, one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.
For company information, visit www.gaincapital.com.
© Press Release 2012
TD Bank Issues Counterfeit Money Without A Refund: Report [UPDATED] - Huffington Post
Imagine withdrawing money from a bank and then finding out that the money is counterfeit and cannot be refunded.
That recently happened to William Hagman, 68, of Morris Plains, New Jersey, the New Jersey Star-Ledger reports.
This article has been updated with a comment from Hagman to The Huffington Post.
Hagman withdrew $2,500 from his savings account at TD Bank in February, according to the Star-Ledger. Then he went to Bank of America to deposit the money, only to find out from the teller that one of the $100 bills was counterfeit.
He reported it to the Secret Service and went back to TD Bank to get a refund, but the supervisor said that was against the bank's policy, since he already had left the bank with the cash. "I asked why a bank customer, me in this case, should have to serve as this bank's 'quality control officer,'" Hagman told the Star-Ledger.
Hagman told The Huffington Post that he now tells friends that withdraw large amounts of money to tell the bank to "scan every single bill because you don't want counterfeit money in your hand."
Hagman has withdrawn all $16,000 from his savings account at TD Bank, since "they treated me horribly," he said.
"I'm very angry because the second bank, within 5 mintues, they used an automated counter and they picked up the bill immediately," he said. "TD Bank, you mean you don't have the same technology?"
Counterfeit money has become dangerously widespread. Slightly less than 2 percent of the U.S. money supply is counterfeit, according to Secret Service data cited by the Arkansas Democrat-Gazette. But other government officials have said that less than one percent of the U.S. money supply is counterfeit, according to WAVY-TV 10 and the Star-Ledger.
The problem is growing. The amount of counterfeit U.S. money that the government has removed from circulation has more than doubled from $103 million to $261 million over a recent three-year period, according to the Kansas City Star.
Linda Barger, a woman in Chesapeake, Virginia, received a counterfeit $20 bill at Farm Fresh supermarket and tried to use it at KFC, only to find out from the cashier that it was counterfeit, according to WAVY-TV 10.
Counterfeit money enters the money supply once it is accepted by a retailer such as a bank or a store. Then it can change hands multiple times until someone gets stuck with the "hot potato," according to a Secret Service officer quoted by the Los Angeles Times. It may also enter circulation via scammers working on a large scale. Just ask the Sears store in Des Moines where two men stole $850 worth of clothing using counterfeit money and got a $850 refund in real money, according to the Des Moines Register.
People that receive counterfeit money and find out that it is counterfeit later generally are stuck with it, even if it came from a government-run office such as the post office, the Los Angeles Times reports. If you receive a counterfeit bill and are told that is counterfeit, do not try to pass it on to someone else, or else you could end up in prison for up to 20 years, according to the Los Angeles Times. Just report it to the Secret Service and move on.
The Secret Service offers these tips for spotting counterfeit bills: Make sure that the portrait is lifelike, that the saw-tooth points of the Federal Reserve and Treasury seals are clear and sharp, that the lines in the border are clear and unbroken, that the serial numbers are evenly spaced and printed in the same color as the Treasury Seal. Real paper money also has tiny red and blue embedded fibers.
Correction: An original version of this story misstated one way of identifying real paper currency. According to the Secret Service, genuine currency has "tiny red and blue fibers embedded throughout." Counterfeit bills sometimes feature red and blue lines made to look like these fibers.
Money Manners: Should man keep paying unloving wife's bills? - Los Angeles Daily News
Question: I'm a middle-age guy who has always provided a good living for his family, and my wife, "Mona," is a stay-at-home wife and mother (three kids, all now out of the house). Out of the blue, Mona told me that she was unhappy with our relationship and was "lost and seeking to find herself."
She also said she didn't want to have sex with me until she did. That was a year ago, and nothing's changed. I continue to pay the bills, as I've always done. It seems to me that since I'm doing my part as a husband, Mona ought to be doing her part as a wife, and that includes sexual intimacy. What do you recommend I do? We've tried counseling, but that didn't help.
Answer: Apparently Mona has the "Let's make a bad situation worse" gene. Seriously, don't dishonor your decades-long marriage by recasting it as a money-for-sex arrangement. You have plenty to be angry about, but not that you're failing to get what you paid for. What you need to do is find a better marriage counselor, one who will call your wife on her punitive behavior and will help you decide what your next step should be.
Question: My sister "Penny" is furious because my parents are spending three times more on my wedding than they did on hers. The thing is, she's 15 years older than me, and she got married a long time ago, when our folks had a lot less money. Penny wants Mom and Dad to give her the $30,000 difference between the costs of the two
weddings. My parents aren't sure what to do. Shouldn't they just tell Penny to get a grip?Answer: Not so fast, sister. Of course Penny is unreasonable to demand that your mother and father hand her a check now for the money they couldn't afford to spend on her wedding then. That said, your folks should consider giving your sister a generous gift in conjunction with your big day. While they don't owe it to Penny to rewrite history, it wouldn't hurt if they acknowledged that, compared with you, there's quite a bit she missed out on.
Question: My daughter suffered a fractured wrist when she was hit by a bicyclist. Should I pay her $2,700 medical bill, should the bicyclist pay it, or should he and I split it (my family's health insurance deductible hasn't been met)? The accident occurred in a park on a path designated for both pedestrians and bicyclists.
Answer: In terms of fairness, who should pay depends on the answers to two questions: Did Abigail step in front of a bicycle that was where it was supposed to be? And was the bicyclist reckless in some way (e.g., going too fast for a path shared with pedestrians, distracted by his phone or riding on the wrong side of the path himself)? If the answer to the first question is "yes," you should pay. If the answer to the second question is "yes," the bicyclist should pay. If the answer to both questions is "yes," you and the cyclist should split the bill. But if the answer to both questions is "no," the bill is all yours (accidents happen).
Please email your questions about money and relationships to Questions@MoneyManners.net.
FOREX-Euro slumps on Spain warning, G7 fails to raise hopes - Reuters UK
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
FOREX-Euro falls on Spain warning, G7 disappointment - Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
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