Hidden Forex Gems
By Marc Prosser | August 31, 2007
I really should not be giving this link out. The product is still only in beta.
Usually, we test products for weeks / sometimes months before we release them.
But, I want to reward the readers of this blog a special treat.
If you search www.fxprogrammers.com, you will find:
a) a tool that sends you out alerts when entry orders are filled through the FX Trading Station platform
b) a google widget that gives you forex news and rates.
Tags: forex, forex alerts, forex blog, fxcm
Topics: Mr.FXCM | No Comments »
DailyFX Forex Radio - Carry Trade Wobbles as Risk Remains King - What has to Change?
By DailyFX Radio | August 30, 2007
· Japanese Yen looks to gain on continued equity market volatility
· Speech by Fed Chairman Ben Bernanke to make or break interest rate expectations
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM083007.mp3
Tags: carry trading, currency trading, dailyfx, dollar, forex, forex blog, interest rates, market volatility
Topics: DailyFX Radio Podcasts | No Comments »
Federal Reserve’s September Rate Decision
By DailyFX Updates | August 30, 2007
All eyes are now on the Jackson Hole Symposium this weekend. Bernanke will be speaking on the state of the housing market, which could play a major role in determining what will happen with interest rates next month. Economists and Fedwatchers are still divided on whether the central bank will actually lower interest rates, but the curve is already pricing in a quarter point cut. Therefore the disappointment will come if the Fed DOESN’T lower rates.
Also don’t forget, every single major central bank will be meeting and announcing their own interest rate decisions BEFORE the Fed. So where currencies move will also be dependent upon who says what first. If the ECB fails to lift interest rates, but suggest that they remain hawkish and could raise rates again in the months to come, it will be bearish for the Euro in the short term but potentially bullish in the medium term especially if the Fed actually lowers US interest rates.
Tags: forex blog, forex news, forex trading
Topics: DailyFX.com Updates | No Comments »
DailyFX Forex Radio - US Dollar Suffers As Carry Trades Rebound - Will They Turn Tomorrow?
By DailyFX Radio | August 29, 2007
· US Dollar crumbles under pressure as carry trades rebound
· Forex markets likely to remain driven by risk aversion trends, but Thursday’s US GDP data could shake things up
· Be sure to view the rest of the week’s event risk on the DailyFX Forex Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out the Forum
Click Link to Listen to our Evening DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM082907.mp3
Tags: carry trade, dailyfx, dollar, forex, forex blog, forex news, fxcm
Topics: DailyFX Radio Podcasts | No Comments »
Adding More Currencies For Forex Trading
By Marc Prosser | August 29, 2007
FXCM has recently added, or is in the process of adding 4 more currency pairs for trading on certain account types. We will shortly be making a press release detailing which ones.
However, the process of deciding which currency pairs to add is a tough one. The question that we face when adding more currency pairs is “Can we deliver the same quality of execution and streaming pricing on the new pairs that our clients expect?”
FXCM gets their prices from banks. While there are hundreds of banks which make a market in the EUR/USD, that is not the case with currencies such as the Thai Baht. If there are only a few banks willing to make a market that means wide spreads in the currency pair, limited liquidity, and usually dealable prices are not available on a streaming basis. As a result, we don’t want to offer these currency pairs to our clients because we cannot offer the same high quality of forex execution that we offer on our existing pairs.
We could offer 100 currency pairs for forex trading but, we choose to offer four new ones and focus on quality execution.
Tags: currency pairs, currency trading, forex, forex blog, forex trading, fxcm
Topics: Don't Trade Like This | No Comments »