MF Global Told JP Morgan That Using Customer Funds Was OK

01/17/2012 in General

MF Global gave JP Morgan assurance that the failed brokers transfer of customer funds to pay an overdraft was allowable: The assurance was given by an MF Global treasurer, Edith O’Brien, or someone in her office, after JPMorgan wrote asking for confirmation that the transfer was in accordance with regulations, said the person, who declined [...]

$100/bbl Magnetic For Crude

01/16/2012 in Oil

Traders should look for the $100 mark for the West Texas Intermediate crude contract to act as a magnet, despite the 16-month low of the EUR/USD following Standard & Poor’s decision to downgrade France‘s credit rating. Nymex floor-trading is shut Monday for the Martin Luther King holiday. Traders should also acknowledge any deterioration in domestic [...]

Market-Moving News. 13/01/2012

01/13/2012 in Trading Forex

€/$ lower. Word seems to be leaking out that France and Austria will be downgraded one notch to AA+ by S&P. That would be less of a downgrade than expected. Germany reportedly will not be downgraded. Its logical that the decisions would be leaked beccuse governments are allerted in advance. We will see later.

Euro Gives Bulls A Sterling Performance

01/13/2012 in Trading Forex

The euro enjoyed an across-the-board lift Thursday but a conspicuous flip-side loser of the day’s action was sterling, which economists say may be sick enough to deserve a shot of stimulus next month. In the case of the EUR/GBP pair, Thursday’s enthusiasm for the euro, short-term or not, has recorded a convincing technical breakout on [...]

Magnitude 8.9 quake hits Japan

03/11/2011 in Trading Forex

As stated by Reuters: Japan was hit by a 8.9 magnitude earthquake that triggered a 10-metre tsunami. Japanese stock futures plunged nearly 5 percent. The earthquake took place shortly before regular trading on the Tokyo Stock Exchange ended, disrupting trade at the very end of the day. Phone lines were down across Tokyo, making it difficult [...]

FOREX.com: “We’re launching our new television campaign”

03/02/2011 in Forex Brokers, Forex com - Gain Capital Group

FOREX.com has launched a new currency trading TV campaign in the US and abroad. The campaign consists of a series of 30-second spots, each featuring a different “World Trader” engaged in forex trading and expressing it in unexpected settings revealed at the end of each commercial. Each spot concludes with the campaign’s tagline, “It’s your [...]

FX Solution One Year of Market Coverage on Facebook

03/02/2011 in Featured, FX Solutions LLC

FX Solution celebrates one year of market coverage on Facebook. It all started with James Chen’s Chart of the Day and Joseph Trevisani’s economic and currency analysis reports. Joe’s first post on Facebook said it best, ‘May you live in interesting times’. The past couple of years have been historical in the financial markets and [...]