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Forex Trading, Foreign Exchange Discussion
arty
post Posted: Feb 8 2017, 12:35 PM
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In Reply To: ausonic's post @ Oct 7 2011, 04:09 PM

QUOTE
Forex Fraud
http://www.forexpeacearmy.com/forex-forum/...ud-lawsuit.html

I wish they would look at some of the Marketmaker Brokers
Cheers aus

It appears they finally are:
http://www.cftc.gov/PressRoom/PressReleases/pr7528-17
QUOTE
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




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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
flower
post Posted: Feb 8 2013, 09:50 AM
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Worth a read for those interested in the truly "Bigger Picture".
.
http://www.cnbc.com/id/100441340
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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 – competitive depreciation," it said in a research note.

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

etc etc



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Combining Fundamental comments with Fundamental charts.
 
ausonic
post Posted: Oct 7 2011, 04:09 PM
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Forex Fraud

http://www.forexpeacearmy.com/forex-forum/...ud-lawsuit.html


I wish they would look at some of the Marketmaker Brokers wink.gif

Cheers aus




 
flower
post Posted: Sep 7 2011, 06:43 PM
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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.

http://www.bloomberg.com/news/2011-09-06/s...c-slowdown.html
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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.




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early birds
post Posted: Sep 7 2011, 10:16 AM
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In Reply To: flower's post @ Sep 7 2011, 09:22 AM

dose USA congress going to vote on issue-----Swiss is a currency manipulator evry year form now on??? like they did to chinese every year!!

market siad it is double standards
should say they are buch of double crossed assholes
sonething good about chinese commies!!

cool.gif

 
flower
post Posted: Sep 7 2011, 09:22 AM
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In Reply To: flower's post @ Aug 4 2011, 07:00 PM

http://www.google.com.au/url?sa=t&sour...RyqTQPN6uauPQZA


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."

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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.




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Said 'Thanks' for this post: early birds  
 


flower
post Posted: Aug 4 2011, 07:00 PM
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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."



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flower
post Posted: Jul 26 2011, 03:26 PM
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B: Was just suggesting a possible confirmation of no near term hike if CPI number low
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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.
Attached thumbnail(s)
Attached Image


 




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Brierley
post Posted: Jul 26 2011, 02:27 PM
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In Reply To: flower's post @ Jul 26 2011, 02:12 PM

Hi Flower

QUOTE
In this speech he said nothing new, but rest assured some sort of deal will be cobbled together by the default date, nothing will be solved--just more time "bought"


Maybe not a lot solved, but, rightly or wrongly, the market would like it if the Republicans gain some ground on fiscal policy.

QUOTE
USD and the US market should be lifted by that inevitable announcement and IMO you may well be right in that the AUD may be due for a drop, though somewhat doubtfull Oz will see a reduction in rates any time soon.


Agree, doubtful RBA will cut rates in near future. Was just suggesting a possible confirmation of no near term hike if CPI number low.

 
flower
post Posted: Jul 26 2011, 02:12 PM
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In Reply To: Brierley's post @ Jul 26 2011, 12:17 PM

Hi Brierley, Obama made the following adress to the nation earlier today:

http://www.bloomberg.com/news/2011-07-26/o...-s-economy.html

In this speech he said nothing new, but rest assured some sort of deal will be cobbled together by the default date, nothing will be solved--just more time "bought". USD and the US market should be lifted by that inevitable announcement and IMO you may well be right in that the AUD may be due for a drop, though somewhat doubtfull Oz will see a reduction in rates any time soon.


This from a later Bloomberg article:

Obama called on American lawmakers to put politics aside to reach a deal on a “balanced approach” after Republicans and Democrats attacked each others’ plans for the lifting of the nation’s $14.3 trillion debt ceiling. House Speaker John Boehner said separately he’s made a “sincere effort” to work with Obama on a plan to raise the debt limit, adding the president created the “crisis atmosphere” surrounding the issue.

“From the two speeches we’ve heard, it doesn’t seem like they’re on the doorstep of coming up with a deal,” Stephen Halmarick, the Sydney-based head of investment markets research at Colonial First State Global Asset Management, which oversees about $150 billion, said in a Bloomberg Television interview. “Markets will remain fairly nervous






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