Forex Trading Scams

A rebound in risk assets and a break of key USD/JPY level sent the greenback tumbling across the board in North American session on the last trading day of the week. With no economic data on the calendar FX markets took their cue from equities which staged a massive turn around. The DJIA futures which [...]

A very choppy end to the week in the FX market with risk currencies generally ignoring the persistent weakness in stocks as rumors and M&A flow dominated trade in early European session. The EUR/USD dipped to 1.4262 on risk aversion selloff but quickly recovered to trade above 1.4325 in good two way trade. http://www.fx360.com/commentary/boris/5954/cable-a-safe-haven.aspx

Markets were jittery at the start of European trade today with broader indices lower by -1.3% as concerns over the region’s financial sector continued to trouble investors ahead of the weekend. Risk FX which initially held up well finally succumbed to continued risk aversion flows with EUR/USD tumbling towards the 1.4250 level from 1.4325 earlier [...]

Risk FX followed equities lower as the DJIA plummeted more than 450 points to trade below the key 11,000 level in the wake of weak US economic data and continuing concerns over the health of European financial sector. All the US equity indices were broadly lower by more than -4% in mid morning US dealing [...]

Very choppy trade in currency market in overnight European dealing as EUR/USD jumped to 1.4450 on Middle Eastern demand and further SNB intervention through EUR/CHF only tumble below the 1.4400 figure by mid morning trade. With no economic data on the calendar the pair was hostage to risk flows throughout the night frustrating both longs [...]

UK Retail Sales printed slightly lower than expected at 0.2% versus 0.3% but remained positive for the second month in a row indicating that consumer demand remain relatively stable despite challenging labor market conditions and chronically high inflation. Food store sales rose by 0.7% but were offset by declines in textiles, clothing and footwear which [...]

The rise in popularity of Forex trading nearly mimics the rise of Twitter popularity, as both of them have grown in leaps and bounds in the past two years. Forex trading turnover was 20% higher in 2010 than it was in 2007, and of course, Twitter usage has grown even more since its launch.http://www.dailyforex.com/forex-articles/2011/08/Forex-and-Twitter-Two-Growing-Forces/8585

The U.S. Producer price index for July printed hotter than expected at 0.2% versus 0.0% eyed. Core PPI for July was higher than forecast as well, coming in at 0.4% versus 0.2% eyed. The non-core PPI advance followed a 0.4% decrease in June and a 0.2% rise in May. The index is still struggling to [...]

Another massively volatile night in CHF pairs after SNB announced further measures to weaken the franc but stopped short of announcing a peg disappointing the market. EUR/CHF put in another 300 point range dropping from 115 to 112.20 before stabilizing at 113.00. USD/CHF traded as high as .8019 in anticipation of the announcement and then [...]

Both USD/CHF and EUR/CHF tumbled by more than 2% after the SNB announced new measures to weaken the franc that did not include a peg of the currency. In its press release to the market the SNB stated that “The measures taken thus far by the Swiss National Bank (SNB) against the strength of the [...]