Market Conditions and Trade Setups – 23rd Apr 09
We have seen quite a bit of drama yesterday with the Annual Budget release from UK. What surprises me was that the news was already heard of before the release and the actual news release saw major dumping of all Gbp based pairs. Gbp/Usd and Gbp/Jpy both slid by about 250-300 points respectively. I had [...]
IBFX first to impose CFTC’s Hedging regulation
Less than 3 days since CFTC imposed its new regulation on disallowing hedging of positionsIBFX has been first(or one of the first i know) who have imposed this regulation onto their trading platforms. Though not with immediate effect, they have put word out of such upcoming changes and are advising of the steps/changes to take [...]
CFTC passes NFA’s ban on hedging
I am not sure how many of you will be actually affected by this but i know of many professional traders and trading systems that make use of hedging primarily as their engine behind their trading systems. All is not dead with hedging though. You would need a non-NFA regulated(probably non-US based) broker to keep [...]
ACM In Fraud Probe
Police raid Geneva forex firm in fraud probe
by Malcolm Curtis
Geneva – 03 April 2009 | 18:05
EXCLUSIVE: A squad of 28 police officers raid the downtown Geneva offices of currency trading company ACM and seize documents, a computer and other evidence in a suspected financial fraud case. Swisster discovers the unprecedented affair, being directed by an [...]
Non-Farm Payroll, NFP Release 3rd April ‘09
Hey people, we have NFP news report coming out later today at about 830am NY time and 830pm, SGT. I hope it won’t be as boring as what we had last month, as though the news was as expected, the market hardly batted an eyelid. However, just about 30-60 mins after the release, if i [...]
Seeni J G
