Forex Street Weblog

World Commodity and Food Crisis: Trends and Expectations by YapiKredi

Hi everyone,

An interesting reading for the weekend

Francesc

Download macro_note_20080509.pdf

FXDD Announces Pending NFA Approval

Hi everyone,

Yesterday FXDD announced its applications for becoming a National Futures Association (NFA) member and for registration as a Futures Commission Merchant (FCM) with the CFTC are pending approval.

I was already aware of that as Mr. James E. Green, Managing Director & General Counsel at FXDD informed about it a few months ago.

That´s definetly good news!

Francesc

Here you have oficial presse release from FXDD

FXDD Announces Pending NFA Approval

NEW YORK, May 8, 2008 - FXDD, a global leader in online foreign exchange trading, today announced its applications for becoming a National Futures Association (NFA) member and for registration as a Futures Commission Merchant (FCM) with the CFTC are pending approval. Clients may follow FXDD progress through the registration process by logging on to the NFA’s website (www.nfa.futures.org) and searching the BASIC system under its NFA ID number 0397435.

“The pending reauthorization legislation for the CFTC will fill the gaps left by previous legislation and narrow the playing field for entities in the Forex space. The value of companies as registered entities and non-registered entities is driven by many factors; registration is certainly one of those factors,” commented James E. Green, FXDD’s chief legal counsel. “FXDD is always interested in increasing its business under the appropriate circumstances by providing professional service and promoting certainty and clarity as to the government and private agencies responsible for regulating Forex dealers.”

Inquiries
James Green, Chief Legal Counsel     +1.212.791.6475
Jennifer Van Hofwegen, Head of Marketing and Communications     +1.212.791.6491

About FXDD
FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service and powerful technology to retail traders, hedge funds and money managers. FXDD is also a reliable liquidity provider for brokerage companies and institutional investors. The Company offers 24-hour forex trading via its trading platforms: FXDD Trader and Meta Trader (retail), Power Trader (institutional) and FXDD Auto (automated). FXDD provides true interbank pricing; no-interest accounts; fully-automated execution; 100:1 leverage for regular accounts and 200:1 leverage for mini accounts; and narrow bid-to-ask spreads (2-3-wide on most majors. For a free demo, please visit www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD or +1.212.791.3933.

David Solin's view - Dow Jones Indus, near term upside potential?

Hi everyone

For those of you enjoying David Solin's view, here you have an article about Dow Jones Industrials

David is a partner at Foreign Exchange Analytics

Francesc

Download Djia-daily-may08.pdf

ECB & BoE live coverage tops 1,000 viewers

Hi everyone

I´m very happy to share with you that today's live coverage of the ECB & BoE interest rates announcements along Trichet speech, gathered almost 1,000 viewers at FXstreet's home page where the live coverage took place.

As you probably already know, we at FXstreet.com are covering live the release and impact on FX markets of the most important economic indicators and central banks decisions.

Today's numbers were as follows:

ECB & BoE Coverage from 12,45 a 15,00 GMT
Total Unique Viewers: 957
Viewer Chat Messages Sent: 153
Viewer Chat Messages Published: 84

Congratulations to Noemí, Sandra and Tatsuya that made it possible.

Good job guys

Francesc

April 2008 - Top5 readings at FXstreet.com

Hi everyone,

Today is a reading day again :)

What to know the most readed reports at FXstreet.com?

Here you have them:

1. Today's Technical Trading Points by Danske Bank

2. Daily Technical Analysis by Nicole Elliot, Mizuho Bank

3. Currency Majors Technical Analysis by Arnaud Jeulin, Mataf.net

4. Mid-day Forex Technical Report by Action Forex

5. Daily Recommended Trades by E-Forex

Enjoy them

Francesc

Our weekly reading - Weekly Forex Focus from Trading Central

Hi everyone

Please find enclosed our weekly reading the WEEKLY FOREX FOCUS from Trading Central.

The report covers pairs as:

    * EUR/USD - USD/JPY
    * GBP/USD - USD/CHF
    * USD/CAD - AUD/USD
    * EUR/JPY - EUR/CHF
    * EUR/GBP - DOLLAR INDEX

Download GURUFOREX2.pdf

Enjoy it

Francesc

Netdania's FX charts back on FXstreet.com thanks to FXCM

Hi everyone

I´m very glad to let you all know that Netdania's FX Charts - probably one of the best web optimized FX charts- are back on FXstreet.com thanks to FXCM.

Netdania's charts are very fast to load and they are very user friendly, making easy to work with them.

We are now offering Netdania's FX Charts with the price feed provided by FXCM, the biggest FX retail FDM on the net.

Enjoy them

http://www.fxstreet.com/rates-charts/forex-charts/

Francesc

Has the greenback bottomed out?

The downward trend in the U.S. dollar which started in February 2002 has now lasted for more than 73 months. Has the greenback bottomed out?

Here you have an interesting reading from National Bank Financial, a subsidiary of National Bank of Canada. 

The monthly Currency Outlook report was prepared this time by Yanick Desnoyers, Senior Economist at NBF

Enjoy it

Francesc

Download Forex_may08_e.pdf

EcoCal 3.0 Released today

Hi everyone,

I´m happy to announce you all that Economic Calendar Version 3.0 was with a lot of pain released today. We have improved our Real-Time Economic Calendar with a lot of new Features. Take a look at the brand new Filter options such as Country, Volatility or Category. You can also tell us what you think of the new Look&Feel.

All data is real-time updated. Just stay on the calendar page and check how the actual data is updated by itself. There's no need to do the boring refresh clicking.

No ctrl+F5 anymore! :)

You can also review all the new options that the inside information of the events offers. All the events with a green triangle offer more information. Click on them and you'll view the official source link, the related news and reports, or even the video description of the event itself.

You will find the Real-Time Economic Calendar at:

http://www.fxstreet.com/fundamental/economic-calendar/

If you have questions about the renewed Calendar section, do not hesitate to contact me here.

Francesc

FX Trader of the Year 2008 Contest - Ranking for the week of May 5th

Hi everyone

I just got top80 and bottom20 ranking for the FX Trader of the Year Contest 2008.

I saw some important moves in the list. Adrian Teixeira  is now leading the contest and previous leaders See Yew Teck and Stephen Adil have fallen to the 3rd and 11th position.

This is getting interesting

Here you have the full list

Francesc

Download Ranking_contest.xls