This morning the greenback is trading higher as investors welcomed the deal for easing automatic spending cuts in the US, which would pin down the threat of yet another government shutdown in the US. However, the deal still needs a nod from the Senate and House members to come into effect.
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The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
Richmond Fed President Jeffrey Lacker said a December taper was on the table. Dallas Fed President Richard Fisher backed a reduction at the “earliest opportunity.” see more at :
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This morning the greenback lost momentum, reversing its yesterday’s gains that came after few US Fed regional Presidents hinted a significant possibility of a policy taper during the next week’s Federal Open Market Committee (FOMC) meeting. see more at :
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The greenback experienced a volatile week, finishing mixed against the basket of currencies for the week ended December 6. The Euro rose against the USD and the GBP, while the Pound fell against its US counterpart. The commodity currencies remained on the back foot. - See more at:
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Liberty Reserve, the leading payment channel for traders in emerging and frontier markets, has come under fire and the firm has been taken out of operation, according to a report in the Tico Times. As reported, the owner of the South American based company has been arrested by authorities in Spain in alleged connection with serious financial crimes.
It is believed that Arthur Budovsky Belanchuk (39), owner of the popular Liberty Reserve, was arrested on Friday 24th of May in Spain as part of an international operation spearheaded by the United States and Costa Rican governments on financial crime. Mr. Belanchuk, a Costa Rican citizen of Ukranian origin, was under investigation since 2011 after authorities flagged his firm for money laundering. Apart from financial and general e-commerce, it is thought by the investigators that the company engages in illicit payments from criminal activity such as child pornography and drug trafficking.
Forex brokers have been benefiting from Liberty Reserve’s vast access as a payment provider, especially in countries where traders face difficulties in transferring funds. “Liberty Reserve was a ‘gift’ for several traders, especially after the State Banks’ (State Bank of Pakistan) changed to international money transfers”, said Masroor Ghoori an introducing broker and analyst from Karachi, Pakistan, in a comment to Forex Magnates. Liberty Reserve is a payment channel whereby people can send and receive secure payments without revealing their account numbers or identities.
Forex brokers operating from heavily regulated markets such as the UK are obliged to use payment channels that are regulated, for example UK brokers use services provided by the likes of Money Bookers. Liberty Reserve (LR) is used by several international forex brokers, such as Marketiva, FXOpen, Markets, Instaforex and others.
Liberty Reserve has been widely used by traders where central banks restrict bank transfers to foreign entities; for example in countries such as Malaysia, Pakistan, Argentina, Nigeria and Brazil the company has been the preferred payment method. The service offers traders a fast and cost effective method with charges capped at $2.99. Liberty Reserve’s website has been shut down and none of their international representatives in India or Malaysia were reachable for comment.Dery Rusdan one of the largest introducing brokers in Indonesia said in a comment to Forex Magnates: “We always thought that Liberty Reserve could have issues like e-gold but this was a shock, business will suffer.”
A Dubai based brokerage firm who wished to remain anonymous told us: “We average around $250,000 to half a million in monthly deposits, mainly from Asia and Africa. Forex traders have faced issues with payment providers in the past, like with e-gold, a digital currency provider that was found guilty of money launder by US authorities”.
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The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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Global policy rates fell by a net 425 basis points during March as nine central banks – including four major emerging market central banks – cut rates, pushing the global average policy rate down to 5.79 percent at the end of the first quarter from 5.83 percent after the first two months. It was the size of the rate cuts by Mexico, Colombia and Poland – each by 50 basis points – that took observers by surprise, with the central banks attempting to give their economies a jolt to avoid disinflation becoming embedded. India was another major emerging market central bank that cut rates in March, though by an expected 25 basis points, as it is still struggling to dampen inflation amid a weakening economy. The cumulative 425 basis point cut in policy rates in March was sharply above February’s total decline of 150 basis points and higher than January’s 342 points, signaling growing concern over the strength of global demand. Through March, global policy rates have fallen by 967 basis points, well below a cumulative fall of 2,162 after the first quarter of 2012, illustrating that rates are heading lower this year, though at a slower pace than last year, as many central banks take a wait-and-see approach to gauge the effect of last year’s substantial rate cuts, the depth of Europe’s recession and the impact of U.S. budget cuts.
INTEREST RATE CUTS, YEAR-TO-DATE IN BASIS POINTS, END-MARCH 2013:
COUNTRY
MSCI
CURRENT RATE
YTD CHANGE
BELARUS
28.50%
-150
KENYA
FM
9.50%
-150
COLOMBIA
EM
3.25%
-100
POLAND
EM
3.25%
-100
VIETNAM
FM
8.00%
-100
GEORGIA
4.50%
-75
HUNGARY
EM
5.00%
-75
MONGOLIA
11.50%
-75
INDIA
EM
7.50%
-50
JAMAICA
5.75%
-50
MEXICO
EM
4.00%
-50
ALBANIA
3.75%
-25
ANGOLA
10.00%
-25
AZERBAIJAN
4.75%
-25
MACEDONIA
3.50%
-25
W. AFRICAN STATES
3.75%
-25
BULGARIA
FM
0.01%
-2
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EUR/USD is steady, as the pair was trading in the mid-1.35 range. In the US, the GDP release looked awful, posting its first decline since 2009. The Federal Reserve wrapped up its policy meeting, and said that QE3 would continue. Thursday is another busy day, with a host of economic releases. In Germany, Retail Sales declined, but the Unemployment Change was very sharp. Today’s key release is US Unemployment Claims.
EUR/USD Technical
Asian session: Euro/dollar was quiet, reaching a high of 1.3585. The pair consolidated at 1.3555. The pair is unchanged in the European session.
Euro/dollar steady after weak US data – click on the graph to enlarge.
EUR/USD Fundamentals
7:00 German Retail Sales. Exp. 0.1%. Actual -1.7%.
All Day: German Preliminary CPI. Exp. -0.5%
7:45 French Consumer Spending. Exp. 0.3%. Actual 0.0%.
8:55 German Unemployment Change. Exp. 9K. Actual -16K.
12:30 US Challenger Job Cuts.
13:30 US Unemployment Claims. Exp. 362K.
13:30 US Core PCE Price Index. Exp. 0.1%.
13:30 US Employment Cost Index. Exp. 0.6%.
13:30 US Personal Spending. Exp. 0.4%.
13:30 US Personal Income. Exp. 0.7%.
14:45 US Chicago PMI. Exp. 51.1 points.
15:30 US Natural Gas Storage. Exp. -202B.
EUR/USD Sentiment
No surprises from Fed: All eyes were on the Federal Reserve this week, as the powerful US central bank met for a two-day policy meeting. There were no surprise developments, as the Fed stated it would continue its open-ended QE3 program until the outlook for the labor market “improves substantially”. This put to rest any doubts that the current round of QE, under which the Fed is purchasing $85 billion a month in securities, might be terminated anytime soon. The Fed maintained its ultra-low benchmark interest rate, saying there would be no change until unemployment drops below 6.5%. With US unemployment close to 8%, we will likely be hearing this refrain for the foreseeable future.
Euro sparkles: The euro continues to fly high, and has climbed above the 1.35 line, its highest level since December 2011. EUR/USD has now jumped almost 500 points since early January. The continental currency has been bolstered by improving German data, as well as optimistic forecasts about the Eurozone economy from ECB President Mario Draghi and others. These officials acknowledge that the Eurozone is going through a tough time, but are confident that the economy will bounce back later in 2013. Although a range of indicators, notably employment and PMI numbers, point to a deepening recession and continuing fallout from the debt crisis, the euro is enjoying the ride, at least for now.
German Data Mixed: The German locomotive will have to get back on track if the Eurozone is to get back on its feet in 2013. So how is the German economy doing? The answer seems to be lukewarm, based on recent data. Business Sentiment has improved, and unemployment numbers were excellent. At the same time, inflation indicators have been in negative territory, pointing to subdued economic activity. The manufacturing sector is struggling, and Retail Sales fell by 1.7%, well below the estimate. The markets are well aware that as goes Germany, so goes Europe, and will be hoping for better news from the bloc’s largest economy.
Markets fret over weak US housing numbers Although the US has posted been able to point to some strong releases recently, recent housing numbers have been in the tank. New Home Sales was a disappointment, falling well below the estimate. Pending Home Sales fared no better, plunging by 4.3%. This was the key indicator’s worst showing since last May. These dismal readings points to weakness in the US housing industry, a critical component for economic growth. The bumpy US recovery will continue to limp along if these numbers don’t improve soon.
US recovery continues to hit bumps: The extent of the US recovery is anyone’s guess, as US numbers continue to keep the markets guessing. Employment and retail sales numbers have been very positive, but this has been offset by weak housing and consumer confidence data. This week’s GDP reading was abysmal, as the US economy declined by 0.1%. Although a very modest loss, there is bound to be negative market reaction, as this was the first decline since 2009, and the markets had anticipated a 1.1% gain. The US will be releasing key employment numbers on Thursday and Friday, and the markets will be hoping that the US employment picture continues to brighten.
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The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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As you might know already, on December 7, 2012 our legal name "United World Capital Limited" has been changed to "Mayzus Investment Company Limited." At the moment the Company is in the process of rebranding, the new Company’s name and logo on the website and in all official documents will be replaced with new ones shortly.
Why Mayzus Investment Company? We give our own names to the best of our projects. Sergey and Anna Mayzus, the founders of United World Capital, have established numerous successful enterprises in industries like construction, investment, insurance, security, finance, aviation and maritime services. The time has come to unite them under one common name: MAYZUS.
Rebranding is not just about changing the name. For us, it is an integral part of our business development strategy that ultimately leads to the improvement of our services and products.
What does it mean for you? The change of our name will not affect any legal obligations and commitments that our Company has with clients. Your Client Cabinet settings, accounts, platforms and etc.- will all remain the same. Moreover, MAYZUS combines the best features of UWC with most enhanced and innovative developments on Forex market. Click here for more information!
Make sure to bookmark our new web address:http://www.mayzus.com/en so that you can stay tuned for any upcoming news!
Sincerely yours,
United World Capital Ltd.
TRADE BERSAMA KAMI SEKARANG !
Sangkalan Analisis kami berikan didasarkan pada perkiraan rata-rata pergerakan harga dalam satu hari. Tidak menjamin apa yang kami hasilkan sebenarnya adalah tepat dan benar. Segala sesuatu yang terjadi dalam keputusan yang Anda buat pada transaksi trading anda adalah menjadi tanggung jawab Anda.
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The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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Dollar Gains amid Signs of Slowdown in Global Economy
The safe-haven US dollar saw gains virtually all of its main currency rivals on Friday, as signs of a slowdown in economic growth in China, combined with disappointing British and American economic indicators encouraged risk aversion among investors. This week, traders will want to pay attention to a variety of potentially significant international economic news. Specifically, tomorrow’s Japanese Monetary Policy Statement and a German economic sentiment figure, unemployment data out of the UK on Wednesday, French and German manufacturing data on Thursday, and the US New Home Sales figure on Friday, all have the potential to create market volatility.
Economic News
USD – Dollar Hits 31-Month High vs. Yen
The US dollar hit a 31-month high against the Japanese yen on Friday, amid speculations that the Bank of Japan will take steps this week to increase inflation. The USD/JPY gained more than 30 pips during Asian trading to eventually peak at 90.18. The pair saw a slight downward correction later in the day to reach as low as 89.68, before finishing out the week at 90.05. A slowdown in economic growth in China led to dollar gains against the AUD. The AUD/USD fell close to 70 pips during the first half of the day, eventually reaching as low as 1.0484, before closing out the week at 1.0507.
Today, dollar traders will want to note that a bank holiday in the US means that no American economic indicators will be released. Later in the week, the main pieces of US news are likely to be the Existing Home Sales and New Home Sales figures, scheduled to be respectively released tomorrow and Friday. Analysts expect both indicators to come in slightly higher than last month, which if true, may help the dollar extend its recent bullish trend in the coming days.
EUR – Euro Reverses Bullish Trend
The euro reversed its recent bullish trend on Friday, as fears of a slowdown in the global economy led to risk aversion in the marketplace. The EUR/CHF, which hit a 20-month high at 1.2567 during early morning trading, fell some 180 pips to trade as low as 1.2389 before bouncing back to 1.2440 when markets closed for the week. Against the US dollar, the common currency fell some 115 pips during the European session, eventually reaching as low as 1.3278, before staging a reversal to finish out the week at 1.3313.
This week, a number of potentially significant euro-zone economic indicators are scheduled to be released. Eurogroup meetings today, the German ZEW Economic Sentiment figure tomorrow, German and French manufacturing and services data on Thursday, and finally the German Ifo Business Climate figure on Friday all have the potential to impact euro pairs. If any of the news indicates a further economic slowdown in the EU, the euro may take losses against its safe-haven currency rivals.
Gold – Bullish Dollar Leads to Losses for Gold
The price of gold took moderate losses during afternoon trading on Friday, as a strengthened US dollar resulted in the precious metal becoming more expensive for international buyers. Prices fell from a high of $1694.93 an ounce during the mid-day session, to $1683.80 by the time markets closed for the weekend.
This week, gold traders will want to pay attention to several potentially significant euro-zone economic indicators and their impact on risk taking among investors. If the euro extends its downward trend in the coming days against the US dollar, gold prices may take additional losses.
Crude Oil – Crude Oil Remains Within Reach of 4-Month High
Crude oil prices saw relatively little significant movement throughout the day on Friday, despite signs of a possible slowdown in the global economy, including disappointing British and US economic indicators. The commodity fluctuated between $94.90 and $95.64 a barrel, not far from a recent four-month high of $96.01. Crude finished last week at $95.30.
This week, both euro-zone and US economic indicators have the potential to impact crude oil prices. If any of the European news comes in above expectations, risk taking could boost the price of oil. Furthermore, better than forecasted US housing data may be seen as a sign that American demand for oil is increasing, which could keep oil bullish.
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TuneForex, a leading forex trading broker from Panama has announced the official release of their Metatrader-based interactive and social trading application, TuneFX. As a market-entry strategy, TuneForex is now opening the $35.000 monthly and weekly prizes for all traders .
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TuneForex.com website contents are not an offer or solicitation for products nor services in any jurisdiction where such would be restricted or prohibited by local laws. Tune International Investments Inc. is an independent entity within the association of TuneFX companies. Metatrader is a registered trademark of Metaquotes Software Corp. / bahamas
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Until recently, social media has been the exclusive domain of experts and marketers. There is a good reason for this as social media is innovative and exciting. However, eToro believes that social media should be based on the community as well. Social media can be equally fulfilling to both professionals and the entire social network community. The impact of social media is truly amazing and it provides many exciting opportunities.
The eToro Social Web
Social media is both personal and powerful. eToro understands the importance of the social network community and we strive to promote relationships between the members of our community. The people in the eToro community are nodes and they can connect and share experiences and information through the network. This has helped create a unique way for people to invest and learn about the financial markets. A social network should be dynamic and based on personalization, optimization and the experience of the members in thecommunity. A social web represents information, experiences and most importantly – people. Below is a video about the eToro OpenBook social investment network.
Social Web Psychology
It is not hard to figure out why so many of us are drawn in by social networks and social media. It allows you to be a member of a community and to express yourself to others with similar interests. A social web is all about sharing and helping the community. There are many reasons why social networks are important and why we want to connect with them. Primarily, people enjoy sharing with others who have similar goals, interests and thoughts. We want to learn from others so that we can better ourselves and that is exactly what eToro allows our traders to do. Learning and sharing experiences with other like-minded people makes all of us feel welcome and gives us a meaningful and lasting experience. The social web simply creates a unique and exciting way to interact with the community.
How do you feel about social media and social networks? Do you enjoy the social and community aspect of eToro? Please feel free to leave your questions and comments below.
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Dear clients,
Due to the change of the computer equipment at 20.01.2013 from 01-00 CET «Clients Cabinet» and the server MetaTrader 4 will be inaccessible.
The operation of the server of MetaTrader 4 will be recommenced at 20.01.2013 from 01-30 CET
The operation of «Clients Cabinet» will be recommenced at 20.01.2013 from 18-00 CET
These measures increase the capacity and reliability of the computer equipment that will improve the quality of the clients service.
Best regards, FIBO Group, Ltd.
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Fiscal negotiations hope to avoid destabilizing a fragile US economy
The remainder of 2012 and early 2013 has thus far been dominated by the “fiscal cliff” negotiations in Washington and the unfinished business associated with them. The repercussions of these political decisions will have far-reaching consequences on the economy, confidence, financial markets and perhaps most importantly, the US credit rating. In the immediate sense, automatic tax increases and mandatory spending cuts set to go into effect in January, amounting to as much as 5% of GDP would – if implemented – most likely drive an already fragile US economy into recession. “By contrast, a ‘kicking the can down the road; solution or underlying mentality of extending all tax cuts and forestalling any spending cuts would only simply defer many tough decisions and would likely lead to another US credit downgrade and weaker business and consumer confidence.” warns Larry V. Adam, an analyst at Deutsche Bank.
We believe that Congressional leaders will ultimately avoid these two extreme alternatives and form a compromise, however in a two- stage process. The first phase will include not extending the payroll tax cut and additional unemployment benefits into next year. The proceeds will be used as a down payment to avoid the implementation of the “sequestration” (i.e. automatic) cuts and allow the Bush-era tax cuts to be extended for an additional six months. In addition, leaders will then develop a “framework” of reduced tax deductions, possible tax increases, targeted spending cuts and entitlement reform to agree upon a more comprehensive long-term solution in a second phase of negotiations early next year. Ultimately, “assuming a fiscal cliff compromise is achieved in Washington that prudently balances growth and austerity, a recession will likely be averted.” Adam suggests. However, the US economy will grow at a tepid 2% rate over 2013 as a whole, as the “fiscal cliff,” even in its modified form, could cause a drag of approximately 1.5% to GDP.-FXstreet.com
2013-01-18 09:00 GMT
Italy. Industrial Orders n.s.a (YoY) (Nov)
2013-01-18 09:30 GMT
United Kingdom. Retail Sales (YoY) (Dec)
2013-01-18 13:30 GMT
Switzerland. Manufacturing Shipments (MoM) (Nov)
2013-01-18 14:55 GMT
United States. Reuters/Michigan Consumer Sentiment Index (Jan)Preliminar
2013-01-18 04:59 GMT
USD/JPY correction lower may not be complete – Commerzbank
2013-01-18 03:43 GMT
Euro bulls ready to rock
2013-01-18 03:37 GMT
USD/CHF surrenders gains and trading at 0.9310/13
2013-01-18 01:16 GMT
EUR/JPY rallies through 119.00 after Spain and Van Rompuy
Upwards scenario: A positive market tone dominates on the hourly chart frame and further buying interest might arise above the key resistance at 1.3394 (R1). A break through here would suggest next target at 1.3420 (R2) and if the price holds its momentum we can expect an exposure of 1.3446 (R3). Downwards scenario: Fresh low formed today limits recovery attempts for now. Next support level stays right below it at 1.3358 (S1). Break here would suggest next target at 1.3329 (S2) and any further fall would then be limited by last support at 1.3302 (S3).
Resistance Levels: 1.3394, 1.3420, 1.3446
Support Levels: 1.3358, 1.3329, 1.3302
GBPUSD
HIGH1.6006
LOW1.59636
BID1.59857
ASK1.59867
CHANGE-0.05%
TIME07:56:12
OUTLOOK SUMMARY
Down
TREND CONDITION
Downward
penetration
TRADERS SENTIMENT
Bearish
IMPLIED VOLATILITY
Medium
Upwards scenario: The short- term tendency is bearish as both moving averages are pointing up however risk of market strengthening is seen above the resistance level at 1.5989 (R1). Clearance here would open way for towards to next targets at 1.6005 (R2) and 1.6021 (R3). Downwards scenario: Fresh low, formed today is pointing to key short-term support level at 1.5963 (S1). Decline below it would suggest next intraday target at 1.5949 (S2) and any further easing would then be targeting 1.5933 (S3).
Resistance Levels: 1.5989, 1.6005, 1.6021
Support Levels: 1.5963, 1.5949, 1.5933
USDJPY
HIGH90.205
LOW89.634
BID90.049
ASK90.055
CHANGE0.21%
TIME07:56:13
OUTLOOK SUMMARY
Up
TREND CONDITION
Upward
penetration
TRADERS SENTIMENT
Bearish
IMPLIED VOLATILITY
Medium
Upwards scenario: The next hurdle on the upside lies at 90.21 (R1), any uptrend action above it would put in focus resistance barrier at 90.43 (R2) as the near-term target. Next on tap is final resistance at 90.64 (R3). Downwards scenario: Penetration below the 89.64 (S1) is liable to put more downward pressure on the instrument in the near-term perspective and start forming retracement formation. In such scenario our potential targets locates at 89.42 (S2) and 89.20 (S3).
Resistance Levels: 90.21, 90.43, 90.64
Support Levels: 89.64, 89.42, 89.20
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The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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Liberty Reserve has been widely used by traders where central banks restrict bank transfers to foreign entities; for example in countries such as Malaysia, Pakistan, Argentina, Nigeria and Brazil the company has been the preferred payment method. The service offers traders a fast and cost effective method with charges capped at $2.99.
