Jump to content

Forex Trading


Recommended Posts

B: Was just suggesting a possible confirmation of no near term hike if CPI number low



Agreed on all counts, IMO we may be in for a 10% run up in our market as soon as the next US debt deliberation is cobbled together, weekly chart enclosed, targets= white horizontal lines.


Link to comment
Share on other sites

  • 2 weeks later...
  • Replies 637
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

The currency section part report from London tonight courtesy FastMarkets

"Both the Swiss and Japanese central banks have been undertaking currency intervention over the past 24-hours in a bid to stem the strong appreciation of their currencies; the Swiss Franc was off 1.1% against the greenback at the time of writing and the Yen almost 3%, gold in yen terms has surged to a record 132,000/oz as a result of the currency flow."

Link to comment
Share on other sites

  • 1 month later...




Swiss central bank stuns FX markets, pegs franc to euro. Reuters, ZURICH, SWITZERLAND


The Swiss National Bank (SNB) shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 Swiss francs to the euro yesterday, saying it would enforce it by buying foreign currency in unlimited quantities.


The move immediately knocked about 8 percent off the value of the Swiss franc, which had soared as investors used it as a safe haven from the eurozone's debt crisis and stock market turmoil.


"The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development," the central bank said in a statement. "With immediate effect, it will no longer tolerate a euro-Swiss franc exchange rate below the minimum rate of SF1.20. The SNB will enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities."




Is this the beginning of the end for the EURO?

Note that the London market rose overnight, presumably beacuse they did not adopt the EURO as their common currency.

Link to comment
Share on other sites

Switzerland opened a new round in a global currency war as fading economic growth forces policy makers to step up efforts to spur expansion.


The Swiss National Bank's decision yesterday to cap the franc's rate for the first time since 1978 marked a bid to protect trade hurt by the currency that last month reached a record high against the euro and the dollar. The franc plunged 8.4 percent yesterday against the euro, the most since the creation of Europe's single currency. It was little changed in Asian trading, standing at 1.204 per euro at 1:42 p.m. in Tokyo.


The initiative may leave Norway and Sweden vulnerable to unwanted gains in their currencies as countries such as Brazil and Japan fight to limit appreciation amid a flight from the euro debt crisis and near-zero interest rates in the U.S. With Group of Seven finance chiefs set to hold talks this week, it also exposes the clash among policy makers counting on exports to offset slumping demand at home.





Against the backdrop of Obama's looming speech and next Tuesday/Wednesday's FOMC meeting this (above) stirs the already murky waters of the forex market into a boiling cauldron of general currency debasement ------as long forecasted.

Someone needs to pull the proverbial rabbit out of the hat quick sharp.

Link to comment
Share on other sites

  • 5 weeks later...
  • 1 year later...

Worth a read for those interested in the truly "Bigger Picture".





The balance of power now rests with Japan, according to the bank, as Japan's

policy-makers' more dovish approach looks set to bring the world a step closer

to a currency war.

The Bank of Japan doubled its inflation target to 2 percent in January and made an open-ended commitment to continue buying assets from next year. This follows a leadership change, with new Prime Minister Shinzo Abe openly calling for aggressive monetary stimulus from the country's central bank.



(Read More: Land of the Falling Yen: Japan Cheers Sliding Currency)


This move, Morgan Stanley said, is a "game changer" as Japan tries to invigorate its stagnating economy .


"If a weaker yen is an important pillar of the strategy to make this export-oriented economy more competitive again, it brings into the picture something that was missing from earlier interactions among central banks of the advanced economies ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ competitive depreciation," it said in a research note.


"This, in turn, takes us one step closer to a currency war."


etc etc

Link to comment
Share on other sites

  • 4 years later...
Forex Fraud



I wish they would look at some of the Marketmaker Brokers http://www.sharescene.com/style_emoticons/default/wink.gif

Cheers aus

It appears they finally are:


February 6, 2017


CFTC Orders Forex Capital Markets, LLC (FXCM), Its Parent Company, FXCM Holdings, LLC and FXCM's Founding Partners, Dror Niv and William Ahdout, to Pay a $7 Million Penalty for FXCM's Defrauding of Retail Forex Customers

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...