Wednesday, December 31, 2014

Frontloading in Focus as EU Clearing Obligations Take Form

Frontloading in Focus as EU Clearing Obligations Take Form


Frontloading in Focus as EU Clearing Obligations Take Form

Posted: 31 Dec 2014 06:01 PM PST

The derivatives clearing framework and subsequent regulations policing these practices in the US, Japan, and the EU are poised to proceed smoothly in 2015 – the implementation of frontloading obligations has been complex.
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The post Frontloading in Focus as EU Clearing Obligations Take Form appeared first on Forex Magnates.

[Snippet] NFA Issues Complaint Against eFloorTrade, John Moore

Posted: 31 Dec 2014 11:00 AM PST

December Forex Industry Review: M&A, Capital Introductions and P2P Finance

Posted: 31 Dec 2014 10:19 AM PST

Its official, 2014 is wrapping up today and we head to 2015. As we review the last month of the year, deal making, fintech, Russia, capital introductions and IPOs grabbed the headlines.
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These Are the People You Wanted to Hear: Most Read Interviews in 2014

Posted: 31 Dec 2014 10:16 AM PST

The 2014 calendar year has seen a vast array of interviews conducted by our editorial team, reaching out to the biggest names and players in the FX and financial industry. This is what the had to say.
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The post These Are the People You Wanted to Hear: Most Read Interviews in 2014 appeared first on Forex Magnates.

This Was 2014 for the Forex Industry – Our Best Stories of the Year!

Posted: 31 Dec 2014 07:22 AM PST

This year we have seen brokers pay millions for sports sponsorships, a major payments service provider for the industry going public on the London Stock Exchange and acquisitions totalling well over a $100 million.
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The post This Was 2014 for the Forex Industry – Our Best Stories of the Year! appeared first on Forex Magnates.

NFA Charged Introducing Broker FX Evolve for Offering Services to Traders with Criminal Past

Posted: 31 Dec 2014 04:32 AM PST

The NFA says that in connection with all the counts in this case it may impose a number of penalties including suspension from membership and a monetary fine not to exceed $250,000 for each violation.
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The post NFA Charged Introducing Broker FX Evolve for Offering Services to Traders with Criminal Past appeared first on Forex Magnates.

Quick Lessons from 2014: Some End-of-Year Trading Thoughts

Posted: 31 Dec 2014 04:26 AM PST

As we’re very close to the end of another year, this is a good time to look back and see what lessons can be drawn from the previous 12 months of trading. Bearing in mind that it’s beyond the scope of …
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The post Quick Lessons from 2014: Some End-of-Year Trading Thoughts appeared first on Forex Magnates.

Would CLS Bank Support Help the Ruble as Trading Faces MOEX Holiday Closure?

Posted: 31 Dec 2014 01:59 AM PST

The Russian ruble's decline in available liquidity this month occurred as the currency had been slated to be added by the CLS Bank. Would its admittance have mitigated current liquidity problems of the ruble?
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The post Would CLS Bank Support Help the Ruble as Trading Faces MOEX Holiday Closure? appeared first on Forex Magnates.

Top Trading Opportunities of 2015

Top Trading Opportunities of 2015


Top Trading Opportunities of 2015

Posted: 31 Dec 2014 02:20 PM PST

Below, the DailyFX Analysts list their top trades with these scenarios in mind.

Strategy Video: The Dollar Is Looking for a Record-Breaking Run in 2015

Posted: 31 Dec 2014 12:10 PM PST

The Dollar was the best performing major of 2014 - and it is looking to set a record to start 2015.

Trading Video: A Big Picture Technical Look at FX and Capital Markets for 2015

Posted: 31 Dec 2014 11:30 AM PST

Whether you are a short-term scalper or a more patient swing trader, taking a step back to look at the 'bigger picture' can help your trading.

Gold Prices Aiming Higher, SPX 500 Chart Setup Warns of Reversal

Posted: 30 Dec 2014 11:37 PM PST

Gold prices are aiming higher after breaking chart resistance while SPX 500 technical positioning warns that a top may be in place.

US Dollar Technical Analysis: Range May Break Downward

Posted: 30 Dec 2014 07:36 PM PST

USD/JPY Technical Analysis: Yen Rallies Most in Two Weeks

Posted: 30 Dec 2014 07:33 PM PST

EUR/USD Technical Analysis: Stalling at Trend Line Support

Posted: 30 Dec 2014 07:33 PM PST

Tuesday, December 30, 2014

Trading Video: EURUSD and EURJPY Positioned for Big Moves, Await Liquidity

Trading Video: EURUSD and EURJPY Positioned for Big Moves, Await Liquidity


Trading Video: EURUSD and EURJPY Positioned for Big Moves, Await Liquidity

Posted: 30 Dec 2014 05:30 PM PST

A few final jolts of volatility from the FX market have positioned us for tremendous technical and fundamental opportunities.

Strategy Video: GBPJPY and EURGBP Face More 2015 Drama than Cable

Posted: 30 Dec 2014 04:37 PM PST

GBPUSD has carved out a strong and surprisingly consistent bull trend through the first half of 2014.

USD/CHF Technical Analysis: Struggling to Clear Range Top

Posted: 30 Dec 2014 03:41 PM PST

GBP/USD Technical Analysis: Candle Setup Hints at Gains

Posted: 30 Dec 2014 03:41 PM PST

EUR/GBP Technical Analysis: Short Trade Target Looms

Posted: 30 Dec 2014 03:34 PM PST

USD/CAD Technical Analysis: Sideways Trade Continues

Posted: 30 Dec 2014 03:34 PM PST

NZD/USD Technical Analysis: Channel Resistance in Focus

Posted: 30 Dec 2014 03:28 PM PST

AUD/USD Technical Analysis: Range Top Under Pressure

Posted: 30 Dec 2014 03:28 PM PST

GBP/JPY Technical Analysis: Pound Drops Most in 2 Weeks

Posted: 30 Dec 2014 03:19 PM PST

EUR/JPY Technical Analysis: Euro Aiming Below 144.00

Posted: 30 Dec 2014 03:19 PM PST

Price & Time: Secondary High In USD/JPY?

Posted: 30 Dec 2014 05:00 AM PST

Reverses sharply after failing to overcome key Fibonacci level...

US Dollar May Not Find Strength in Upbeat Consumer Confidence Data

Posted: 29 Dec 2014 09:06 PM PST

The US Dollar may not find strength in upbeat Consumer Confidence data despite a rosy outcome’s supportive implications for Fed rate hike expectations.

Crude Oil Hits New 5-Year Low, SPX 500 Reversal Threat Remains

Posted: 29 Dec 2014 08:07 PM PST

Crude oil prices dropped to set yet another five-year low while the SPX 500 continues to appear vulnerable to a reversal lower despite moving to a new record high.

US Watchdog NFA Responds to a Member’s Complaint Against its Executive Committee

US Watchdog NFA Responds to a Member’s Complaint Against its Executive Committee


US Watchdog NFA Responds to a Member’s Complaint Against its Executive Committee

Posted: 30 Dec 2014 04:43 PM PST

NFA's Chairman Christopher Hehmeyer issues a response to recent allegations put forward by fellow member, James Koutoulas, regarding the 2014 public director nominations.
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The post US Watchdog NFA Responds to a Member's Complaint Against its Executive Committee appeared first on Forex Magnates.

ICE Exchange Implements Enhanced Rules Governing Disruptive Practises

Posted: 30 Dec 2014 03:47 PM PST

Leading US trading venue, ICE, amends its rulebook to provide a single location for disruptive trading practises. The venue aims to reinforce its stance on certain practises that can cause issues in the marketplace.
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The post ICE Exchange Implements Enhanced Rules Governing Disruptive Practises appeared first on Forex Magnates.

Annual Volumes Increase 13% at German Exchange Borse Berlin

Posted: 30 Dec 2014 01:18 PM PST

Trading volumes rise at Berlin Borse as equity markets take preference with investors. The German-based exchange reported an increase of 13% in annual volumes reached in 2014, with total value exceeding $66 billion.
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The post Annual Volumes Increase 13% at German Exchange Borse Berlin appeared first on Forex Magnates.

[Snippet] US Court Fines Commodity Fund Manager Vasquez Global Investments $1.3 Mln

Posted: 30 Dec 2014 12:24 PM PST

American Stocks Day-Trading Firm Monex Fined $1.3 Million for Not Registering Mexican Personnel

Posted: 30 Dec 2014 10:12 AM PST

Unregistered employees conducted business on Monex's behalf in the US, including collecting client information needed to open accounts, making investment recommendations to clients and transmitting orders.
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The post American Stocks Day-Trading Firm Monex Fined $1.3 Million for Not Registering Mexican Personnel appeared first on Forex Magnates.

How Did Publicly Traded Forex Brokers Do in 2014?

Posted: 30 Dec 2014 08:59 AM PST

While global stock markets are finishing the year on a positive note, Forex Magnates is exploring how did publicly traded brokers from the industry finished trading after dealing with a tough first half of 2014.
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The post How Did Publicly Traded Forex Brokers Do in 2014? appeared first on Forex Magnates.

Gold-i Announces It Has Attained Microsoft Gold Certified Partner Status

Posted: 30 Dec 2014 06:32 AM PST

Gold-i announced that it has attained Microsoft Gold Certified Partner Status from the software company. The Gold status is Microsoft's highest accreditation level provided to technology vendors who develop and support products using Microsoft technology as their main development platform. For …
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The post Gold-i Announces It Has Attained Microsoft Gold Certified Partner Status appeared first on Forex Magnates.

TeleTrade to Start Offering Trading on Warsaw Stock Exchange

Posted: 30 Dec 2014 06:12 AM PST

By providing access to the biggest stock market in Eastern Europe, Teletrade is aiming to gain credibility in the region, and boost its position among potential clients from Poland who view the WSE favorably.
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The post TeleTrade to Start Offering Trading on Warsaw Stock Exchange appeared first on Forex Magnates.

BP’s Foreign Exchange Trading Desk Could Face FX Probe Investigations

Posted: 30 Dec 2014 05:18 AM PST

A Bloomberg report is alleging that some connections between British Petroleum's trading desk and major banks already involved in the foreign exchange fixing manipulation scandal could drag the firm into the probe.
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The post BP's Foreign Exchange Trading Desk Could Face FX Probe Investigations appeared first on Forex Magnates.

Monday, December 29, 2014

Trading Video: Long-Term Euro Trouble Vs. Short-Term Liquidity Drain

Trading Video: Long-Term Euro Trouble Vs. Short-Term Liquidity Drain


Trading Video: Long-Term Euro Trouble Vs. Short-Term Liquidity Drain

Posted: 29 Dec 2014 06:42 PM PST

FX traders are once again faced with a difficult decision this week

US Dollar Technical Analysis: Correction Lower Ahead?

Posted: 29 Dec 2014 06:33 PM PST

USD/JPY Technical Analysis: Direction Sought Near 120.00

Posted: 29 Dec 2014 06:33 PM PST

EUR/USD Technical Analysis: Key Support Above 1.21

Posted: 29 Dec 2014 06:33 PM PST

USD/CHF Technical Analysis: Resistance Above 0.99 Held

Posted: 29 Dec 2014 06:18 PM PST

GBP/USD Technical Analysis: Channel Floor in the Spotlight

Posted: 29 Dec 2014 06:18 PM PST

EUR/GBP Technical Analysis: Looking for Selloff Resumption

Posted: 29 Dec 2014 05:45 PM PST

USD/CAD Technical Analysis: Treading Water Below 1.17

Posted: 29 Dec 2014 05:45 PM PST

NZD/USD Technical Analysis: Waiting for Direction Cues

Posted: 29 Dec 2014 05:38 PM PST

AUD/USD Technical Analysis: Attempting to Start Recovery

Posted: 29 Dec 2014 05:38 PM PST

GBP/JPY Technical Analysis: Flat-Lining at 187.00 Figure

Posted: 29 Dec 2014 05:30 PM PST

EUR/JPY Technical Analysis: Quiet Consolidation Continues

Posted: 29 Dec 2014 05:30 PM PST

Strategy Video: Yen Crosses to Reconcile Volatility and Trend in 2015

Posted: 29 Dec 2014 03:06 PM PST

The Yen is going to close out a third straight year as the worst performing FX 'major'.

Greece Leads Euro and European Market Back Into Troubled Waters

Posted: 29 Dec 2014 12:37 PM PST

Already weighed by the ECB’s aggressive efforts to pad the market with stimulus, the Euro may be facing a new and more destructive bearish threat.

Price & Time: Monthly Close Important For EUR/USD

Posted: 29 Dec 2014 05:15 AM PST

Long-term negative implications if the euro closes the year under 1.2135?

Euro Looks to Greece for Direction as Key Election Looms Ahead

Posted: 28 Dec 2014 09:12 PM PST

The Euro may face selling pressure amid mounting sovereign risk fears if a third attempt to install Stavros Dimas as President fails, triggering a snap election.

Gold Attempts to Mount Recovery, US Dollar and SPX 500 Vulnerable

Posted: 28 Dec 2014 08:11 PM PST

Gold prices are attempting to mount a recovery while the US Dollar and the SPX 500 appear vulnerable to a downturn after hitting multi-year highs.

US Dollar Technical Analysis: Pullback May Be Brewing

Posted: 28 Dec 2014 07:49 PM PST

USD/JPY Technical Analysis: Waiting for Spark Near 120.00

Posted: 28 Dec 2014 07:22 PM PST

EUR/USD Technical Analysis: Short Trade Setup Sought

Posted: 28 Dec 2014 07:22 PM PST

Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies

Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies


Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies

Posted: 29 Dec 2014 04:01 PM PST

According to a court hearing transcript, the preliminary injunction request has been denied based on lack of clarity about the ownership of Millien's stake relating to a share purchase agreement earlier this year.
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The post Breaking: Kevin Millien Dismisses Injunction Case Against Boston Technologies appeared first on Forex Magnates.

Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business

Posted: 29 Dec 2014 02:17 PM PST

The NFA decided that BBFX failed to implement an adequate customer identification program for foreign clients introduced to brokers outside the US, monitor accounts for suspicious activity, and conduct AML training.
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The post Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business appeared first on Forex Magnates.

Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds

Posted: 29 Dec 2014 11:01 AM PST

FINRA found that from November 2010 to August 2011, Pershing failed to maintain adequate reserves to meet its reserve deposit requirements with deficiencies ranging from approximately $4 million to $220 million.
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The post Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds appeared first on Forex Magnates.

FXPRIMUS Continues to Expand Global Reach with New Cyprus License for European Arm

Posted: 29 Dec 2014 09:42 AM PST

Before this the broker was already licensed by the authorities of Mauritius and New Zealand, as common with firms focusing on the Asian market, but now it can also service European clients via MiFID passporting.
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The post FXPRIMUS Continues to Expand Global Reach with New Cyprus License for European Arm appeared first on Forex Magnates.

Ukraine Launches Non-Deliverable Futures as IMF Prepares Next Visit

Posted: 29 Dec 2014 08:56 AM PST

The Interbank Foreign Currency Exchange has launched non-deliverable futures trading on the Ukrainian Hryvnia to the US dollar, the euro and the Russian ruble allowing implementation of hedging strategies.
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The post Ukraine Launches Non-Deliverable Futures as IMF Prepares Next Visit appeared first on Forex Magnates.

Greece Heads to Snap Elections, Euro Zone Risks Rising

Posted: 29 Dec 2014 05:50 AM PST

Tired of the Euro Crisis, or thought that it had subsided? Prepare to get more of it – the Greek parliament has failed to elect a new president on the third and final vote, remaining short of 12 votes to …
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The post Greece Heads to Snap Elections, Euro Zone Risks Rising appeared first on Forex Magnates.

DGCX Launches Russian Ruble, Korean Won and South African Rand Futures

Posted: 29 Dec 2014 04:48 AM PST

As emerging market currencies continue tanking lower in anticipation of the first Federal reserve rate hikes, the Dubai Gold and Commodities Exchange launches new futures contracts catering to exotics FX traders.
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The post DGCX Launches Russian Ruble, Korean Won and South African Rand Futures appeared first on Forex Magnates.

Reviewing Our 2014 Forex Industry Predictions

Posted: 29 Dec 2014 02:01 AM PST

The time has come to check how well we predicted the landscape of the forex industry in this year, from a bullish USD and the growing stake of high frequency trading to IPO clutter which still has not materialized.
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The post Reviewing Our 2014 Forex Industry Predictions appeared first on Forex Magnates.

Sunday, December 28, 2014

USD/CHF Technical Analysis: Digesting Gains Near 0.99 Mark

Forex Trading Over the Holidays? Not The Best Idea

Forex Trading Over the Holidays? Not The Best Idea


Forex Trading Over the Holidays? Not The Best Idea

Posted: 28 Dec 2014 10:22 AM PST

As liquidity dries up and spreads are soaring, even the basic indicators fail to deliver. Ashton Fraser explains why the best thing a trader can do now is to ditch the trading screen and watch some football.
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The post Forex Trading Over the Holidays? Not The Best Idea appeared first on Forex Magnates.

A £130 Million FX Fraud Hits Celebrity UK Investors, Brokers Are Getting Ready for 2015

Posted: 28 Dec 2014 08:27 AM PST

Forex Magnates spotlights the passing week's top news from around the world, from Leverate founders' 25% buyback of shares from Saxo Bank to another major broker's final exit from the North American market.
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The post A £130 Million FX Fraud Hits Celebrity UK Investors, Brokers Are Getting Ready for 2015 appeared first on Forex Magnates.

Japanese Prime Minister Determined to Make Abenomics Work, Approves ¥3.5 Trillion More Stimulus

Posted: 28 Dec 2014 05:11 AM PST

The latest round of spending by the Japanese will focus on helping local governments and giving direct purchasing subsidies to households, unlike previous attempts that were criticised as "trickle down economics."
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The post Japanese Prime Minister Determined to Make Abenomics Work, Approves ¥3.5 Trillion More Stimulus appeared first on Forex Magnates.

Citi Exits Retail Banking in Japan but Stays Strong in Commercial Activity

Posted: 28 Dec 2014 04:30 AM PST

In selling its Japanese retail banking unit to Sumitomo Mitsui Banking Corporation, Citi followed through on their earlier plans to offload the business and focus their Japanese efforts on commercial banking.
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The post Citi Exits Retail Banking in Japan but Stays Strong in Commercial Activity appeared first on Forex Magnates.