Saturday, January 31, 2015

JPMorgan Settles Foreign Exchange Benchmark Related Litigation for $99.5 Mln

JPMorgan Settles Foreign Exchange Benchmark Related Litigation for $99.5 Mln


JPMorgan Settles Foreign Exchange Benchmark Related Litigation for $99.5 Mln

Posted: 31 Jan 2015 03:19 AM PST

The major US bank has reached a settlement to prevent a class action lawsuit, while agreeing to cooperate in providing information to assist in the prosecution of the claims against the other institutions.
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FXDD US Applies for Withdrawal of Introducing Broker License with the NFA

Posted: 30 Jan 2015 09:48 PM PST

According to a corporate announcement made by FXDD Global, the firm's US unit has applied to withdraw its IB license due to the firm's concentration of efforts on its globally operating FXDD Global.
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Friday, January 30, 2015

Weekly Trading Forecast: NFPs and RBA Rate Decision Key FX Catalysts This Week

Weekly Trading Forecast: NFPs and RBA Rate Decision Key FX Catalysts This Week


Weekly Trading Forecast: NFPs and RBA Rate Decision Key FX Catalysts This Week

Posted: 30 Jan 2015 07:14 PM PST

Monetary policy has proven the Forex market's top driver the past six months. That puts this week's NFPs a market-forecasted RBA rate cut in the spotlight.

Dollar Breaks Bullish Record but Momentum Facing Headwind

Posted: 30 Jan 2015 07:09 PM PST

When is ‘in-line’ a source of fundamental strength – when the economy/market/asset is already positioned as a leader.

Risk Trends and Monetary Policy Will Keep the FX Markets Moving This Week

Posted: 30 Jan 2015 04:54 PM PST

Both the S&P 500 and USDollar ended the week and month by holding course on their respective long-term bull trends.

Dollar Breaks a Bullish Record - Will This Trend Turn or Run?

Posted: 30 Jan 2015 04:33 PM PST

With January's close, the Dollar has officially advanced for seven consecutive months.

2-for-1 Indicator, the Donchian Channel

Posted: 30 Jan 2015 03:29 PM PST

Learn how to use the Donchian Channel for trade entries and trade exits.

Australian Dollar May Rebound as RBA Disappoints Rate Cut Bets

Posted: 30 Jan 2015 03:28 PM PST

The Australian Dollar may launch a rebound if the RBA opts against a rate cut and maintains neutral guidance at its upcoming policy meeting.

Japanese Yen Likely to test Major Levels on Key Week Ahead

Posted: 30 Jan 2015 03:20 PM PST

The Japanese Yen remained near-motionless against the US Dollar, but key events in the days ahead suggest the USDJPY could finally break its tight consolidative range.

GBP/USD Preserves Bearish Momentum Ahead of BoE Meeting

Posted: 30 Jan 2015 02:47 PM PST

The Bank of England (BoE) interest rate decision may have a limited impact on GBP/USD as the central bank is widely expected to preserve its current policy at the February 5 meeting.

AUD/USD Holds Monthly Low Ahead of RBA- Gold Tests Former Support

Posted: 30 Jan 2015 08:50 AM PST

AUD/USD may face a further decline in the week ahead amid growing expectations of seeing the Reserve Bank of Australia (RBA) revert back to its easing cycle.

The Weekly Volume Report: Low Turnover Favors Correction

Posted: 30 Jan 2015 07:00 AM PST

Low volume rebound in EUR/USD...

GBPNZD - Symmetry In Motion

Posted: 30 Jan 2015 06:51 AM PST

GBPNZD showing symmetry on rallies dating back to September.

Sentiment Fades in Hungary Despite Labor Force Improvement

Posted: 30 Jan 2015 06:13 AM PST

USDHUF continues its consolidation as economic sentiment fades in January despite an improved 4th�quarter unemployment rate.�

Q4’14 US GDP Misses Expectations, but Internals Good Enough for Buck

Posted: 30 Jan 2015 05:20 AM PST

The headline figure missed expectations, but signs that the US consumer is strong has been enough to keep the US Dollar in the game.

USD/CAD Overloved?

Posted: 30 Jan 2015 05:15 AM PST

Spot testing major long-term retracement level

Month-end Rebalancing Leaves USD Especially Vulnerable to Q4 GDP

Posted: 30 Jan 2015 03:59 AM PST

With futures speculative US Dollar long positioning coming off of an all-time high, end of month book rebalancing puts the buck on thin ice for today's data.

US Dollar May Fall as Yen Gains on Disappointing US GDP Data

Posted: 30 Jan 2015 12:55 AM PST

The US Dollar may turn lower while the Japanese Yen gains as soft US GDP data dents Fed interest rate hike bets and fuels risk aversion.

EUR/USD to Face Larger Rebound on Dismal 4Q U.S. GDP

Posted: 30 Jan 2015 12:00 AM PST

A dismal 4Q U.S. Gross Domestic Product (GDP) report may spur a larger rebound in EUR/USD as it undermines the Fed’s scope to normalize monetary in mid-2015.

Gold Breaks Monthly Uptrend, SPX 500 Holds Up at 2000 Figure

Posted: 29 Jan 2015 11:24 PM PST

Gold prices overturned their monthly uptrend having found a top above the $1300/oz figure. The SPX 500 managed to hold up above the 2000 threshold.

US Dollar Technical Analysis: Corrective Pullback Expected

Posted: 29 Jan 2015 10:53 PM PST

USD/JPY Technical Analysis: Sideways Trade Continues

Posted: 29 Jan 2015 10:44 PM PST

EUR/USD Technical Analysis: Looking for Upside Breakout

Posted: 29 Jan 2015 10:44 PM PST

USD/CHF Technical Analysis: Half of SNB Drop Retraced

Posted: 29 Jan 2015 10:30 PM PST

GBP/USD Technical Analysis: Waiting for Breakout Trigger

Posted: 29 Jan 2015 10:30 PM PST

EUR/GBP Technical Analysis: Euro Gains Most Since October

Posted: 29 Jan 2015 10:03 PM PST

USD/CAD Technical Analysis: Upside Momentum Fading?

Posted: 29 Jan 2015 10:03 PM PST

BATS Acquired KCG Hotspot Average Daily Volumes Ratchet Higher 24% in January

BATS Acquired KCG Hotspot Average Daily Volumes Ratchet Higher 24% in January


BATS Acquired KCG Hotspot Average Daily Volumes Ratchet Higher 24% in January

Posted: 30 Jan 2015 05:32 PM PST

Average daily volume numbers have increased when compared to the typically slow month of December, bu remained flat when compared to January 2014, which was the strongest month for the first 8 months of 2014.
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Breaking: GFI Shareholders Reject Proposal For CME-GFI Management Merger

Posted: 30 Jan 2015 04:48 PM PST

Following a tumultuous period that saw the extension of numerous offers, GFI shareholders have rejected a proposal for a CME-GFI management merger, limiting the options on the table. An ongoing bidding war that had its roots as far back as …
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Race to the Bottom: India’s BSE, NSE Reduce Fees for FX Derivatives

Posted: 30 Jan 2015 03:06 PM PST

BSE Ltd, India’s oldest stock market operator is reportedly reducing fees to gain additional traction in a variety of new markets, namely currency derivatives, in an effort to compete with the National Stock Exchange (NSE). The elder BSE is presently …
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Go to Jail: FCA Sentences FX Fraudsters Alex Hope and Raj Von Badlo to Prison

Posted: 30 Jan 2015 01:50 PM PST

The lingering battle between Alex Hope and Raj Von Badlo vs. the Financial Conduct Authority (FCA) came to a fitting end Friday, with a pair of prison sentences being dolled out for FX fraud. Mr. Hope was initially arrested as …
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KCG Holdings’ Q4 2014 Operating Metrics Sizzle, ADV Swells 28% QoQ

Posted: 30 Jan 2015 10:43 AM PST

KCG Holdings has released its Q4 2014 operating metrics, which were highlighted by strong gains across average daily volumes and operating revenues. Earlier this week, KCG Holdings sold its KCG Hotspot unit to BATS Global Markets for $365 million, allowing …
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[Snippet] Alpari UK’s Clients Responsible for Negative Balances Post KPMC Confirmation

Posted: 30 Jan 2015 10:12 AM PST

NZX Releases 2014 Operating Metrics, NZ Capital Markets Notch Steadfast Gains

Posted: 30 Jan 2015 09:27 AM PST

The NZX has released its operating metrics for the 2014 calendar year, which was highlighted by a strong year for New Zealand's capital markets, as well as a solid growth in both market capitalization.
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Breaking: FXCM Inc Takes a ‘Poison Pill’ to Prevent Hostile Takeover Attempts

Posted: 30 Jan 2015 06:09 AM PST

The issuance goes effective on February 9, 2015 to stockholders who purchase one one-thousandth of a share of preferred stock from the company, with par value of $0.01 per share at a price of $11.20.
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Russian Ruble in the News again as Central Bank Cuts Rates by 2%

Posted: 30 Jan 2015 04:58 AM PST

The final trading day of the month brings in another central bank surprise. The Russian ruble has been sent into another tailspin by the Bank of Russia as it cut key interest rates by 2% in an unexpected move. What …
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Breaking: KVB Kunlun Bought by Chinese Investment Bank, CITIC Securities

Posted: 30 Jan 2015 04:22 AM PST

Shares of the company have been suspended pending the full announcement of the terms of the deal with CITIC, after rampant speculation over the past few months has already caused a major rally after the announcement.
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The post Breaking: KVB Kunlun Bought by Chinese Investment Bank, CITIC Securities appeared first on Forex Magnates.

Cable Bulls Showing Signs of Life on the Charts

Posted: 30 Jan 2015 04:22 AM PST

In this week's guest blog post, Clive Lambert is showing us that the cable is active but what what direction is the trend actually going? Find out more here.
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The post Cable Bulls Showing Signs of Life on the Charts appeared first on Forex Magnates.

Monex Group Inc Plans to Expand TradeStation as B2B Service

Posted: 30 Jan 2015 02:51 AM PST

The firm is aiming to leverage the use of its internally developed platform TradeStation in order to maximize revenue opportunities while maintaining a cost cutting effort which should yield results in fiscal 2017.
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Thursday, January 29, 2015

Will US GDP Stir Dollar or Risk More - USDJPY May Break Either Way

Will US GDP Stir Dollar or Risk More - USDJPY May Break Either Way


Will US GDP Stir Dollar or Risk More - USDJPY May Break Either Way

Posted: 29 Jan 2015 06:25 PM PST

Both speculative appetite - at least in US equities - and Dollar fortitude have held through the FOMC's monetary policy meeting this week...

Strategy Video: Statistics Don’t Make for Certain Trade Setups

Posted: 29 Jan 2015 05:44 PM PST

Many traders try to take as much guesswork out of their trading as possible so they are left with a strategy that generates higher-probability setups...

Sharp Shift in Forex Positions Suggests Euro has Turned versus US Dollar

Posted: 29 Jan 2015 02:00 PM PST

An important shift in retail FX positioning suggests that the Euro may have turned the corner versus the US Dollar. Here’s what we’re watching.

British Pound Outlook Turns Bearish versus Japanese Yen

Posted: 29 Jan 2015 02:00 PM PST

New Zealand Dollar Forecast to Fall Further

Posted: 29 Jan 2015 02:00 PM PST

Australian Dollar Poised for Further Losses

Posted: 29 Jan 2015 02:00 PM PST

Japanese Yen Sticks to Consolidation Pattern

Posted: 29 Jan 2015 02:00 PM PST

British Pound Remains in Clear Downtrend

Posted: 29 Jan 2015 02:00 PM PST

Euro Likely Turns Corner as Crowds Sell Aggressively

Posted: 29 Jan 2015 02:00 PM PST

A Trading Plan Based on the Two Most Important FX Prices To Start 2015

Posted: 29 Jan 2015 11:00 AM PST

You recently learned the importance of developing a bias early with 2015 Macro Opening Ranges. Once the bias is set, here's a plan to trade it.

AUDNZD - Eyes On Rising Trend-line

Posted: 29 Jan 2015 10:17 AM PST

AUDNZD - who will win this sibling rivalry?

EUR/USD Rebound in Focus as Retail FX Crowd Turns Net-Short

Posted: 29 Jan 2015 09:45 AM PST

The DailyFX Speculative Sentiment Index (SSI) highlights the risk of seeing a larger rebound in EUR/USD as the retail crowd turns net-short going into February.

Scalping EURAUD Breakout- Longs Favored Above 1.44

Posted: 29 Jan 2015 09:43 AM PST

A weekly opening range break put long-scalps in play with the rally now targeting key technical resistance. Here are the updated targets & invalidation levels.

AUD/USD Wave Relationships Suggest Support Nearby

Posted: 29 Jan 2015 09:24 AM PST

Commodity currencies like the Aussie have been hit hard since Canada surprised with a rate cut. Look for AUDUSD to correct higher from near current levels.

SPX 500 Head-and-Shoulders, Break or Fake?

Posted: 29 Jan 2015 08:36 AM PST

S&P 500 head-and-shoulders, break or fake?

EURGBP Building A Multi-day Triangle

Posted: 29 Jan 2015 05:58 AM PST

EURGBP building a triangle pattern on hourly chart.

Price & Time: Kiwi Breakdown Continues

Posted: 29 Jan 2015 05:15 AM PST

NZD/USD trades at lowest level in almost 4-years...

EUR/USD Tests 6-Week Trend as SNB Meddles with EUR/CHF

Posted: 29 Jan 2015 03:57 AM PST

Traders are grappling with a seemingly contradictory FOMC statement, the RBNZ's neutral pivot, and potential SNB intervention.

Crude Oil and Gold Locked in Ranges, SPX 500 Drops Most in 4 Months

Posted: 28 Jan 2015 09:22 PM PST

Crude oil and gold prices are waiting for a breakout trigger while the SPX 500 has recorded its largest decline in nearly four months.

Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Posted: 28 Jan 2015 08:33 PM PST

The Euro may not find a meaningful negative catalyst in soft German inflation figures. The Swiss Franc faced heavy selling pressure in overnight trade.

EUR/USD Rebound to Benefit From Record-Low German Unemployment

Posted: 28 Jan 2015 08:00 PM PST

A further decline in German unemployment may foster a larger rebound in EUR/USD as it highlights an improved outlook for Europe’s largest economy.

How Is Your Forex Broker Doing Two Weeks after the SNBomb?

How Is Your Forex Broker Doing Two Weeks after the SNBomb?


How Is Your Forex Broker Doing Two Weeks after the SNBomb?

Posted: 29 Jan 2015 01:04 PM PST

The FX industry is still feeling the aftershock of the debilitating surge of volatility triggered by the Swiss National Bank's landmark decision just two weeks ago - market participants and brokers are now in damage assessment mode.
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The post How Is Your Forex Broker Doing Two Weeks after the SNBomb? appeared first on Forex Magnates.

ISDA Conducts OTC Derivatives Analysis, Clearing & Compression in Focus

Posted: 29 Jan 2015 12:02 PM PST

The International Swaps and Derivatives Association, Inc. (ISDA) has conducted an OTC derivatives analysis for the greater industry, concluding that a duality of policy goals is being accomplished.
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Natixis Obtains Eurex’s CCP & EurexOTC Clear Membership

Posted: 29 Jan 2015 09:58 AM PST

The corporate subsidiary of Banque Populaire et Caisse d'Epargne (BPCE), Natixis, has become the newest member of Eurex Securities' Lending Central Counterparty (CCP) and EurexOTC Clear.
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Deutsche Bank Reports Rising FX Revenues in Q4, January Profitable Even with Franc Losses

Posted: 29 Jan 2015 09:46 AM PST

Shares of the German bank are trading higher today by nearly 5% after the firm surprised traders by reporting net profit of €438M. Profits were assisted by profits in its foreign exchange trading division.
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Investment Technology Group Reports Fourth Quarter Net Income Growing 34% YoY

Posted: 29 Jan 2015 09:29 AM PST

Rising profitability in North America, Europe, Canada and to a lesser extent from Asia- Pacific have been driving ITG's results higher as the firm reports $559.8 million revenues for the full 2014.
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MahiFX Granted FMA License for Derivatives Offering in NZ

Posted: 29 Jan 2015 08:51 AM PST

MahiFX has been granted a license from Financial Markets Authority (FMA), bringing its comprehensive derivatives offering under the regulatory jurisdiction of New Zealand's principal compliance entity.
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The post MahiFX Granted FMA License for Derivatives Offering in NZ appeared first on Forex Magnates.

Exclusive: TechFinancials Files 10-Day Notice for Imminent London IPO

Posted: 29 Jan 2015 08:26 AM PST

With yearly revenues of $10-20 mln, the binary options tech provider behind 24Option.com is ready to go public on the London Stock Exchange's Alternative Investments Market. TechFinancials has declined to comment.
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The post Exclusive: TechFinancials Files 10-Day Notice for Imminent London IPO appeared first on Forex Magnates.

iFX EXPO Asia: Here’s How Forex Industry Leaders See Negative Balances

Posted: 29 Jan 2015 06:46 AM PST

The CEO panel took centre stage at Asia's biggest forex event of 2015, attended by no less than 3,000 forex professionals in what proved to be the perfect venue for business networking and key insights in the emerging Asian space.
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The post iFX EXPO Asia: Here’s How Forex Industry Leaders See Negative Balances appeared first on Forex Magnates.

Technology Providers Target BT Customers: Panda TS and APIFX Offer Incentives

Posted: 29 Jan 2015 06:20 AM PST

Panda TS launches free weekend migration program to target Boston Technology clients needing an immediate solution following news that BT Prime and Boston Prime liquidity units have filed for bankruptcy.
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IG Group Launches Sunday Trading in Bitcoin and Select Indices

Posted: 29 Jan 2015 04:57 AM PST

The company will be offering three major indices permitting investors to begin digesting weekend news a day early and it opens the doors for trading on select market places way in advance of official trading hours.
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The post IG Group Launches Sunday Trading in Bitcoin and Select Indices appeared first on Forex Magnates.

Commodities Corner: Part 1 – Laying the Ground with the Basics

Posted: 29 Jan 2015 04:23 AM PST

In his series, Our new guest blogger Vladimir Petropoljac breaks down commodities he trades and passionate about, explaining how everyday life raw materials can boost your investment portfolio.
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The post Commodities Corner: Part 1 – Laying the Ground with the Basics appeared first on Forex Magnates.

First Derivatives Continues Embrace of Big Data with Delta Solution Deployed on MongoDB

Posted: 29 Jan 2015 03:45 AM PST

Continuing its focus on big data analysis, First Derivatives has announced that Delta Data Factory, a market and reference data solution, is now available on MongoDB, a NoSQL database model.
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Wednesday, January 28, 2015

Monex’s TradeStation Taps INVeSHARE for Communications and Regulatory Solutions

Monex’s TradeStation Taps INVeSHARE for Communications and Regulatory Solutions


Monex’s TradeStation Taps INVeSHARE for Communications and Regulatory Solutions

Posted: 28 Jan 2015 04:01 PM PST

TradeStation, a Monex Group company (TSE: 8698), has been added to INVeSHARE's regulated shareholders communications roster, part of a wide array of prospectuses and corporate actions from leading financial firms.
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The post Monex's TradeStation Taps INVeSHARE for Communications and Regulatory Solutions appeared first on Forex Magnates.

Saxo Bank Raising Margin Requirements, Maintains Legal Option for Trade Adjustment

Posted: 28 Jan 2015 01:20 PM PST

Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins on January 21st, affecting many popular forex and …
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The post Saxo Bank Raising Margin Requirements, Maintains Legal Option for Trade Adjustment appeared first on Forex Magnates.

CFH Systems Opens New Office in Tokyo in Bid to Foster Regional Growth

Posted: 28 Jan 2015 12:07 PM PST

CFH Systems has expanded its operations, opening a new office in Tokyo to help fuel its aggressive growth plans for the Asian region. The head of the Tokyo office will be announced in February.
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The post CFH Systems Opens New Office in Tokyo in Bid to Foster Regional Growth appeared first on Forex Magnates.

The Fed May Drop Hawkish Rhetoric as Strong US Dollar Impacts Earnings

Posted: 28 Jan 2015 10:49 AM PST

Will the Federal Reserve be the fifth bank to surprise foreign exchange markets this month? How might it do so after today's meeting of the FOMC deciding on the future course of US monetary policy?
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The post The Fed May Drop Hawkish Rhetoric as Strong US Dollar Impacts Earnings appeared first on Forex Magnates.

iFX EXPO Asia 2015, Day 1: Asian Markets and Payment Funnelling

Posted: 28 Jan 2015 10:12 AM PST

The first day has witnesses an unprecedented success as the number of registered attendees has more than doubled since last year's event in Macau surpassing 3,000, with most of the new attendees hailing from the Asian market.
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The post iFX EXPO Asia 2015, Day 1: Asian Markets and Payment Funnelling appeared first on Forex Magnates.

TRADOLOGIC Goes Beyond Time, Introduces Five Ticks Binary Options

Posted: 28 Jan 2015 10:09 AM PST

One of the major binary options providers has decided to go beyond time as the variable factor behind the expiration rate of a binary option, but instead has focused on the number of ticks which the asset registers.
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The post TRADOLOGIC Goes Beyond Time, Introduces Five Ticks Binary Options appeared first on Forex Magnates.

GMEX Group Acquires Stake in Avenir, Expands Post-Trade Capabilities Suite

Posted: 28 Jan 2015 08:47 AM PST

GMEX Technologies Limited (GMEX TECH), a subsidiary of Global Markets Exchange Group International LLP (GMEX Group), has acquired a strategic stake in Avenir Technology Limited (Avenir).
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The post GMEX Group Acquires Stake in Avenir, Expands Post-Trade Capabilities Suite appeared first on Forex Magnates.

Breaking: FXCM Inc to Forgive 90% of Negative Client Balances

Posted: 28 Jan 2015 08:05 AM PST

FXCM has waived the negative balances of 90% of its clients, but its going after 10% of them, representing "institutional, high net worth, and experienced traders" seeking 60% of the total negative equity the firm lost.
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The post Breaking: FXCM Inc to Forgive 90% of Negative Client Balances appeared first on Forex Magnates.

Breaking: BATS Global Markets Acquires KCG Hotspot for $365 Million in Cash

Posted: 28 Jan 2015 07:28 AM PST

The deal includes sharing of certain tax benefits between the companies which could save KCG Holdings up to $70 million over a three-year period and marks a continuing diversification effort by BATS.
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Level39 and Nest Partner to Create “FinTech Trade Route”

Posted: 28 Jan 2015 07:07 AM PST

Introducing East to West, Kong Kong based accelerator firm Nest, is partnering with London Level39 to provide investing and network synergies for their startup members.

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Chinese Renminbi Breaks into Top 5 of World’s Most Popular Payment Currencies

Posted: 28 Jan 2015 06:58 AM PST

After a monthly growth rate of 20% in December the Chinese currency has steamed past the Australian and Canadian dollars which have been affected by falling commodity prices in the past six months.
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Monetary Authority of Singapore Cuts Inflation Outlook, Depreciates Singapore Dollar

Posted: 28 Jan 2015 06:09 AM PST

The fourth central bank surprise action this month comes from Singapore, where the central bank decided to pursue an accelerated depreciation of the Singapore dollar due to a deteriorating inflationary outlook.
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KVH Launches Tokyo to Singapore “JPX-SGX Co-Location Direct”

Posted: 28 Jan 2015 05:35 AM PST

With the launch of "JPX-SGX Co-Location Direct" from KVH, traders will now have access to direct, low latency data connections between the Singapore Exchange and the Tokyo Stock Exchange.
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The post KVH Launches Tokyo to Singapore “JPX-SGX Co-Location Direct” appeared first on Forex Magnates.

Alpari Boosts Partnership with FC Zenit Saint Petersburg

Posted: 28 Jan 2015 05:00 AM PST

The russian broker will be promoted in Zenit's home games and on their website as the partnership becomes national. Ticket holders will be offered free tutorials in an attempt to translate the deal into conversion.
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Will the SNB Volatility Entice New Forex Traders?

Posted: 28 Jan 2015 03:54 AM PST

Taking a contrarian view, Addison Churchill's Head Keith Sazer envisions the post-crisis industry: increased volumes, enhanced risk management tools and a surge of interest in STP models, despite the losses of giants like FXCM and InteractiveBrokers.
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[Snippet] IFC Markets Launches a New Group of CFDs on Commodity Futures

Posted: 28 Jan 2015 03:15 AM PST