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December 2007

December 28, 2007

Foreign Exchange & Economic Forecasts for 2008

Hi everyone

Some more interesting readings before the year end.

Foreign Exchange Forecasts:
1. RBC
2. ANZ
3. CIBC World Markets

Other good stuff:
1. ANZ Liquidity Monitor
2. CIBC Monthly Forex Outlook
3. CIBC StrategEcon
4. RCB US Economic Forecasts
5. TD Quarterly Economic Forecasts
6. Wachovia 2008 Annual Outlook

Enjoy them

Francesc

December 26, 2007

Everybody deserves a minute of glory

Hi everyone

I was surfing today across FXstreet's Forum - I´m waiting my children to wake up from lunch siesta - when I saw a very interesting thread that I want to share with you all.

It is a thread started by KChief where he asks for the best trading moment you have ever had.

So KChief is asking us to explain our minute of glory in the though FX market... As you very well know, I can´t participate as I´ve never placed a trade in my entire life, but I´ll be definetly interested into hear your kharma moment when trading.

If you have five minutes, come and join in:

http://www.fxstreet.com/forum/showthread.php?t=1749

I think it will be fun and also it can be a good learning experience for all of us

Francesc

note: btw, my children woke up long ago... I just didn´t realize that they were in their bedroom dressing up with a nice princess custom :)
It seems Santa brought them just what they most wanted :)

Danske Bank and Scotiabank good stuff

Hi everyone

Some more recommended readings for you if you still have some spare time these days :)

A link that you should have bookmarked. I strongly recommend it and I just hope one day we will be able to convince Scotiabank to publish such great stuff on FXstreet.com

http://www.scotiabank.com/cda/content/0,1608,CID8339_LIDen,00.html

From all the stuff you´ll find there, do not miss their Foreign Exchange Monthly Outlook

http://www.scotiacapital.com/English/bns_econ/fxout.pdf

Also, I recommend you to read the last Global Scenarios from my friends at Danske Bank. Good stuff indeed!

http://danskeresearch.danskebank.com/link/GSdec07final/$file/GS_dec07_final.pdf

And another page strongly recommended to bookmark. Is the research section of Danske Bank's web site. Do not miss it!

http://www-2.danskebank.com/danskeresearch

Francesc

December 24, 2007

1st Quarter 2008 Forecasts for Equity Indexes, Interest Rates, Currencies and Commodities

Hi every one

Before going to my mother's place to have Christmas eve dinner, I wanted to share with you all the latest piece of research I just got from Trading Central.

Please, find attached Trading Central's GLOBAL OUTLOOK, a review of Equity Indexes, Interest Rates, Currencies and Commodities.

The only "but" I´ve got about suggesting you all such reading is that all forecasts are based on their proprietary Behavioural Studies and Quant models.

Even though that, I though it could be of your interest

Merry Christmas

Francesc

Download TC_GLOBAL_MACRO_2008.pdf

Financial Outlook 2008

Hi everyone

As end of the year is getting closer, we start wondering what the next year will bring us all.

If you would like to read some good stuff about what can we expect from 2008, I strongly recommend you to give a look at what The Telegraph has put together. You´ll find there what the big guys expect for the next year as HSBC, Santander, Barclays, RBS, JPMorgan...

Good stuff indeed!

http://www.telegraph.co.uk

Also, if you are bearish about the US economy's health, you would like to read this article from professor Don Armentano titled "Economic Outlook 2008: Darkening Clouds"

For those of you that believe in Christmas, I wish you a Merry Christmas and a very happy new year

For those of you that don´t, happy holidays and a very happy new year too!

Francesc

December 20, 2007

Swiss brokers: Should they have the right to be in FXstreet's Brokers list?

This is an email I just sent:

Dear XXXX,

We at FXstreet.com only accept companies regulated in the US, UK, Switzerland, Nordic Countries, Australia and Japan.

A couple of years ago - maybe it was even before but I can´t remember it for sure - we accepted firms regulated in Switzerland and recently we have accepted firms from Nordic countries.

What's going on with Switzerland?
We had many discussions at FXstreet whether to accept Swiss firms or not.
On one hand, Switzerland is a main financial place and Swiss firms can'¡t be excluded because they are an important part of the FX market.

On the other, as you very well said, FX is completely unregulated in Switzerland. The so called regulatory organizations as

    * Groupement Suisse des Conseils en Gestion Indépendants
    * Polyreg
    * Organisme d'autorégulation fondé par le GSCGI
    * Association Romande des intermediares financiers

are no more than private self regulatory services and probably you are right that their only duty is to apply the Anti-Money-Laundering Act.

On May 18th I published on my blog a post titled "Gossip from Switzerland". I was explaining that the SFBC (Swiss Federal Banking Commission) had finally decided to rule the Swiss FX market. My source told me that this process should be concluded in 2 to 3 years.

So we decided to accept Swiss firms and keep an eye on them. Since then, we have had proven claims against some Swiss firms and we have intervened siding the trader, but we have not received more proven complaints against Swiss firms than against US firms, all of them regulated by the NFA.

Recently we've accepted Nordic firms because firms in all fields from those countries are well known for their honest practices and we trust their local regulators.

We can´t be sure that all firms included in our brokers list will behave as they should, but I can guarantee that we are watching them and backing traders if they come to us with proven claims against brokers.

We are not a body regulator but we do not want bad people on our site. If you have any solid prove against any of the companies listed there, please let me know.

Regarding Swiss firms, we will keep them on our site and wait for the SFBC to do its job.

We will try to monitor things as close as possible and keep our visitors posted.

I´m going to post this reply on my personal blog

http://weblog.fxstreet.com

Feel free to reply me there if you wish so

All the best

Francesc

----- Original Message -----
This is just something you may not be aware of:
The so called regulation of Brokers in Switzerland is in no case ANY regulation.
The whole Forex market is completely unregulated in Switzerland. The often mentioned Self Regulation Service is only due to the Anti-Money-Laundering Act. No authority in Switzerland cares for any activity of the FX brokers there. But the SFBC is just closing FX brokers there. There is no official mentioned reason. You may ask the SFBC yourself for those often mentioned SWISS "regulations".
Also the Swiss Finance Ministry does not care of FX.

Just some facts and our question why do your promoted Non regulated brokers following your "rules"
Thanks for your attention.

Sincerely Yours, XXXX

December 19, 2007

Enter the FX Arena.... a new approach in advertising FX

Hi everyone

I just received a link to a new commercial from CMSFX.

Judge by yourself:

http://www.cmsfx.com/en/forex-resources/forex-commercial/

Definetly a new approach to advertise FX.... I can see that competence is getting tougher and FDM's must look for new and original ways to leave the others behind.

Francesc

Don´t miss Thursday monthly webinar with Sunil Mangwani

Hi everyone

Tomorrw Thursday December 20, from 15:00 to 18:30 GMT we will hold our 3 hours monthly educational webinar. This month it will be with Sunil Mangwani, Director of Education at FX Instructor.

The webinar is broken in two parts, part I is free and open for everybody, while part II is closed only for Premium members.

But as we are almost in Christmas and WHAT THE HECK! I´M THE BOSS HERE :)

So the first 25 readers who express their will to attend are invited to join in and attend both parts as Francesc's Guests!

Just reply to this post saying "I would like to attend" and send me an e-mail right away at

francescATfxstreet.com

that would be all

I'll take care Maud Gilson will send you an invitation

Francesc




Here you have more information about the webinar

DECEMBER 2007 MONTHLY WEBINAR.
Sunil Mangwani (Director of Education at FX Instructor) will hold a special 3 hours special educational live session.

DATE
Thursday December 20, from 15:00 to 18:30 GMT
(New York time is GMT-5, London time is GMT).

Part 1 - 15:00 GMT to 16:30 GMT - Open Basis (Free Access) - Register here
Part 2 - 17:00 GMT to 18:30 GMT - Just for Premium Members

THE SPEAKER
Sunil Mangwani is a Physics graduate with a degree in Financial Management. He has been trading futures and indices for many years, and the forex market since 2001. Sunil devises simple yet effective trading strategies based on his vast knowledge and in-depth study in the field of technical analysis.
In addition to being a professional trader, Sunil is a frequent writer and technical analyst, providing content on many printed and online media all over the world, including the prestigious "Traders" magazine.

TOPICS
PART 1: (Open) - Using stops effectively
The incorrect method of putting stops often defeats the very purpose of placing a stop, since a trader will be forced out of a trade before the price goes in the anticipated direction. See the technique of placing stops at the correct technical stops.

PART 2: (Premium) - Trading the FxInstructor Setups
See the effectiveness of 2 of the most popular setups used in the Live Trading Room:
(1) The Pivots technique with the proprietary 'Momentum Value' indicator.
(2) The Divergence setup with the correct use of the Fibonacci ratios.

December 18, 2007

World Indices page back on FXstreet.com

Hi everyone,

We used to have a World Indices page that was attracting many people.

The provider was GCI, an off-shore brokerage firm. One day GCI came to us claiming that we were not meeting our part of the deal - and they were right, with the change of the old site to the new site we failed in keeping an ad space for them there as a payback for the service - so we tried to renegotiated the deal.

As we didn´t reach a deal, the page was removed from the site.

I know can announce that the page is back on track. Using data from top exchanges through Interactive Data we have put together a page with the main world market indices. The page lacks from a wide range of world stock indices but gathers the most important indices from all markets as DJIA Index, S&P 500 Index, Eurobund, Gold 100, Silver 500, Brent Crude (North Sea)....

http://www.fxstreet.com/rates-charts/world-indices/

Enjoy it!

Francesc

note: the list was made by Toni Juste, so if you miss any important indice, please let me know and we will make fun at Mr. Juste claiming how was it possible he missed it! :)

Concentrate on your strengths

Hi everyone

Last December 13th I published a post announcing that we were thinking to close our chat room.

As always I requested your feed-back and I want to thank you all for the good feed-back I´ve received through my personnal e-mail:

francescATfxstreet.com

I want also to thank Stewart for his great feed-back.

Stewart told something as abvious as you always forget about it when you grow and try to be bigger. Stewart said:

Concentrate on your strengths - the chat room isn't one.

A few words that says a lot and as a responsible of a business I should never forget them

Francesc

Follow Daily Trendex's Contributors results now at Signals Tracker

Hi everyone,

From November 12th 2007 David Michael, the manager of FXstreet's Signals Tracker service and owner of the independent FX site FX-Review.com is tracking results from Trendex's contributors Gerard Bergsma, Toni Juste, Dave Floyd, James Wiley and Timothy Straton.

You can follow their results every day at:

http://www.fxstreet.com/services/signals-tracker/

I hope this initiative will help you all to judge by yourself what all this guys are doing on daily basis.

And with the guarantee of accuracy and honesty of David Michael and his Signals Tracker Service

Francesc

December 17, 2007

Do not miss today's interview with Drew Niv at 14:30GMT/9:30EST

Hi everyone,

Just a quick reminder that today Monday December 17th at 14:30GMT/9:30EST Toni Juste will be interviewing Drew Niv, CEO at FXCM in a short webinar that will last until 10:00 EST(AM of course).

Toni and Drew will discuss the auction of the 35% Stake in FXCM and the NFA capital requirements deadline as well as other general topics of interest as the whole picture of the FX market and the entrance of incumbents in the FX retail business.

If you wish to attend, click here

I had to interview Drew myself but it won´t be possible.

I´ve been suffering from vertigo's attacks for the last month. If you are so lucky to not know what vertigo is, it is a big dizzyness that you can´t move and you have to laid off and be steady.

On Thursday I had a new one and on Saturday too, so I´m going to the doctor today at same time we had the webinar scheduled.

The doctor didn´t give me any chance to take this hour or nothing.

Doctors have been doing many tests on me, and it is not clear yet if the cause of my vertigo attacks is internal hear, cervicals or a virus. They are trying to find out.

I just know that since I became 40 years old, I got a very strange virus that had me ko for a month and now this vertigo. Also I got the flu in my birthday so I spent such beautiful day in bed... the problem was that I was not in Barcelona but in Morocco having a great long weekend with all my friends :(

Francesc

GFT's relationship with FXstreet.com reinforced

Hi everyone

I'm very pleased to announce that GFT (Global Forex Trading) has renewed its sponsorship of the FXstreet.com website for the second consecutive year.

From November 2007 to October 2008, GFT will sponsor all of FXstreet.com's webpages which are forecasted to reach approximately 50 millions page views. During the same period of time last year, the portal received more than 41 million pageviews.

GFT has built a solid relationship with FXStreet.com due to its continued sponsorship and support. Besides participating in the FXstreet.com Premium Service, GFT also sponsors the Trendex service, which was launched in September 2007.

GFT also sponsored the first FXstreet.com International Traders Conference (ITC) which was held in Barcelona (Spain) in October 2007

Thanks GFT for helping and supporting FXstreet's web site and new projects!

Francesc

note: We have prepared a Presse Release about this that you can read here if you please. Click below

Download press_release_gft_sponsor_map.pdf

December 13, 2007

High Frequency Economics publishing at FXstreet.com

Upon High Frequency Economics request, we must clarify that:

*FXstreet.com do not and never have had permission to distribute the economic research of high frequency economics in any form.
I regret to tell you that we never had such permission.

*High Frequency Economics, Ltd, in Valhalla, New York, is the sole distributor of its Daily and Weekly Notes and Snapshots products. For more information they can be contacted at info@hifreqecon.com."

-------------------------------------------

Posted December 13th 2007

Hi everyone

I didn't want to leave the office without sharing good news with you ;)

High Frequency Economics has included FXstreet.com in its media distribution list, so FXstreet.com will be honoured to publish research notes from its experts Mr. Ian Shepherdson and Mr. Carl B. Weinberg among others.

High Frequency Economics, be very welcome to FXstreet.com

Francesc

Good-bye to FXstreet's Chat Room?

Hi everyone,

Well, not everyday I can come to you to explain you good things, sometimes I´ve got to come to share with you bad things on FXstreet.com

After more than 3 years trying to make our chat room a success we are seriously considering to close the room before the end of the year and focus all our efforts in pushing up FXstreet's Forum numbers as the Forum is picking up lately.

When Toni Juste was moderating the room it reached almost 90 users during US opening and European afternoon. But since Toni moved to other duties the room has not stopped of getting smaller and smaller so I´m affraid we are now wasting Tatsuya's time having him so many hours taking care of the room.

Do you think it would be a smart move to close the chat room down and focus ourselves into the Forum?

As always, your feedback here or by e-mail will be more than welcome

Francesc

December 12, 2007

FXCM UK now a Premium FDM

Hi everyone,

Today is FXCM's day. I hope nobody will take it in the hard way :)

Well, I´m very pleased to announce that FXCM UK is now a Premium FDM, so if you were thinking in opening an account with them and you would like to get free access to FXstreet's Premium Service for FX traders, just remember to state FOREXSTREET SL (FXstreet.com) as the referral agent of your account.

Once your account will generate rebates worth $150 - 15 lots traded in a standard 1,000k account and 150 lots traded in a mini account - then we will contact you to give you at least 3 months free access to Premium.

FXCM UK is now the 9th FDM participating in our Premium Service along:

FXCM US
GFT US
MF Global UK
Forex.com
FXSolutions
InterbankFX (MT4 FDM)
ACM
MG Forex

All the best

Francesc

Interview with Drew Niv, CEO at FXCM Monday Dec 17th

Hi everyone,

I´m very happy to let you all know that Monday December 17th at 14:30GMT/9:30EST I´ll be interviewing Drew Niv, CEO at FXCM in a short webinar that will last until 10:00 EST(AM of course). We will only have 30 minutes as there is another webinar starting at 10:00 EST.

We will discuss the auction of the 35% Stake in FXCM and the NFA capital requirements deadline as well as other general topics of interest as the whole picture of the FX market and the entrance of incumbents in the FX retail business.

As always, your help is welcomed and desired, so if you have any question for Drew Niv, please leave them here.

Thanks

Francesc

December 11, 2007

Larry Levin on FXstreet's LIVE FREE DAY Wednesday 12th

Hi everyone

This Wednesday 12th at 13:00 GMT / 08:00 EST Larry Levin, President & Founder at Secrets of Traders, LLC, will be at FXstreet.com for his successful webinar

"Why I Believe 95% of Futures Traders are Unprofitable & What you Need to Know to be in the Successful 5%"!

We have already more than 160 people registered, don't miss it!

REGISTER HERE

Larry Levin is the Founder & President of Secrets of Traders- a commodity trading educational firm dedicated to helping traders succeed in the futures markets.

Larry trades the S&P 500 at the Chicago Mercantile Exchange, the world’s largest and most diverse financial exchange. Larry has been trading his own account or company's proprietary accounts since 1993, trading an average of 2500-3000 E-mini S&P contracts a day. He has been in and around the S&P 500 futures pit at the CME for almost 20 years, where he started as a runner for Lind-Waldock.

Larry appears regularly on CNBC, Bloomberg Television, Rob TV, BizRadio, as well as various other media outlets, providing his expertise and insight on the current market. Larry’s lifelong vision is teaching people to learn how to trade the right way.

Wednesday 12th will also be our monthly LIVE Free Access Day. You can attend for free live market and educational webinars with our regular collaborators: Tony Juste (Fxstreet.com), Antonio Sousa (FXCM), Ed Ponsi (FX Educator), John Jagerson (Profiting with Forex), Adam Rosen (4xLounge), Sam Seiden (Online Trading Academy) or Derek Frey (Odom & Frey Futures, FOREX & Options).

Live educational presentations for free all day long! Don't miss it! Check our Live page now:

http://www.fxstreet.com/live/

Enjoy it

Francesc

EcoCal the 4th most visited page on FXstreet.com

Hi everyone

I´m very happy to share with you the great acceptance FXstreet's Economic Calendar is having from you FX traders.

In November 2007, EcoCal's page was the 4th most visited page on FXstreet.com with almost 160k page views and an outstanding 5 minutes and 12 seconds of average time on page.

The page represented the 4% of the total traffic of the site.

EcoCal - November 2007
159,589 Pageviews
118,607 Unique Views
00:05:12 Time on Page

EcoCal was launched March 2007 and got that month 59k page views. It reached its all time high in October when topped 165,000 page views.

Congrats again to all those at FXstreet.com involved with the EcoCal

Francesc

December 10, 2007

InterbankFX and FXLQ hidden links... are they really relevant?

Hi everyone,

I just thought I should brought up this issue again here as the previous post I made about this it is generating some strongs responses.

Last December 6th I published a post titled "InterbankFX related to FXLQ?.... I do not think so"

There I was publishing an e-mail from Mr. Crossland, CEO and President at InterbankFX, dennying any relationship between his company and FXLQ, a FDM under investigation by the NFA. I also said that Mr. Crossland's words were more than fine to me to close this issue unless I receive solid proves that accussations were true.

Two guys answered the post insisting that there is a relationship between Mr. Crossland and FXLQ's Mr. Gray, so this relationship should put us on guard against IBFX.

Well, I do not know what relationship this guys had in the past if any. No clue.

I do not know either if it is really relevant that this relationship existed or not. Under my point of view what is relevant here is that US FDM's meet with NFA's requirements and we stop seeing them being fined or investigated day in day out by the NFA. Cases like Refco or FXLQ really hurt us all.

In my country Spain, everyone is innocent unless proves shows that he is guilty. I´m 100% agree with that.

So unless I receive proves of any accusation, I´ll believe in the innocence of the person/company being accused.

Francesc

December 07, 2007

Google never stops amazing me

Hi everyone

As today is Friday and we are all ready to go for the "thanks god" weekend, I thought it would be an interesting idea to share with you some of our secrets.

I would like to speak about Google.... it never stops amazing me!

Let me explain: one of the key of success of FXstreet.com is our very high number of repeated visitors. Our site "only" attracts 24% of new visitors every month. So visitors come back over and over and this make possible that we beat new highs in unique visitors, visits and page views month after month.

I would like to speak about this 24% of new visitors.

We at FXstreet.com have as growth strategies to be present in as many financial and forex sites as possible through offering them good content, be media partner of magazines and events related to FX and above all, we try to be very well positioned on search engines.

Google is the king of search engines. I can guarantee that.

For instance, in December we got 391,000 visits from 17 sources considered by Google analytics as search engines. 317,000 visits came from Google, so that´s a 81% of the total visits coming from search engines. Second search engine sending people to FXstreet.com is Yahoo with 50,000, followed by Microsoft's Live and MSN with "only" 8,000 and 6,000 visits.

As I previously said, Google is no doubt the king of FX in terms of search engines... at least for what FXstreet's is concerned ;)

Enjoy your weekend

Francesc

December 06, 2007

InterbankFX related to FXLQ?.... I do not think so

Hi everybody,

Yesterday at a site called forexpeacearmy.com a guy published a post saying that InterbankFX was a white label of FXLQ, a company under NFA's investigation and not allowed to take customers nor to operate in the market.

Some of our visitors came to me regarding this issue and also we at FXstreet.com have a close relationship with InterbankFX as they participate as FDM and investor in our MAP program.

So I decided that the best way to find out what was going on here was to contact InterbankFX's CEO Todd Crosland... so I did.

You can see below the post published at forexpeacearmy.com, my e-mail to Todd and at the top Todd's answer.

For me and my company, Todd's answer is more than fine

Francesc


From: "Todd Crosland" <todd.crosland@interbankfx.com>
To: "Francesc Riverola [FXstreet.com]" <francesc@fxstreet.com>
Sent: 06 December 2007 17:24:10 o'clock (GMT+0100) Europe/Berlin
Subject: RE: FXLQ and NFA

Interbank FX was founded in 2001. We were the first company to purchase the MetaTrader software from Metaquotes. FXLQ was formed in 2006.  Our prime broker for clearing our trades is Citi Bank. Our executing banks include: Citi Bank, Deutsche Bank, Bank of America, Goldman Sachs, Barclays Bank and Lava Trading. Let me know if you have any more questions. Also attached is a release of a recent award IBFX has won. Can we post this on FX Street?

Todd B. Crosland
Chairman and President
Interbank FX
www.interbankfx.com

From: Francesc Riverola [FXstreet.com] [mailto:francesc@fxstreet.com]
Sent: Thursday, December 06, 2007 8:47 AM
To: Todd Crosland
Cc: Dale Brown; toni
Subject: FXLQ and NFA

Hi Todd

I´m following very closelly the NFA's action against FXLQ.

I´ve been approached by several people claiming that InterbankFX is a white label of FXLQ.

I didn´t give any credibility to it but before saying anything regarding it in my blog I wanted to get your feed-back.

Can you please give me some info about this?

Thanks

Francesc

Francesc Riverola
CEO & Founder
FXstreet.com
FOREXSTREET S.L
Portaferrissa 7, 1er 2ona
Barcelona, 08002
Tel. +34 93 3040495
Fax +34 93 3040496


From: Dan Campbell, Pipland, USA
Date of Post: 2007-12-05

Review: I've been trying to warn folks for over 2 years now (read my threads below, I used to work there), but justice is finally being servered, "to some degree". Forex Liquidity (FXLQ) is finally under investigation from the NFA. To recap: InterbankFX (IBFX) is a white label of FXLQ. Hense they are able to say "no dealing desk". Because in fact "IBFX" does not have a dealing, but rather it's at FXLQ where all IBFX customers clear their trades...

Sadly, as with most NFA "investigations", nothing will be done, but this should be a hugh warning bell for everyone using IBFX. Following the bread crumbs folks...

http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0362216&rn=Y
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0362216&case=07MRA00013&contrib=NFA
http://www.fxlq.com/

NFA issues a member responsability action against Forex Liquidity

Tuesday, December 04, 2007 The National Futures Association issued a Member Responsibility Action against FXLQ.  You can find the notice on the NFA’s website:

http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0362216&rn=Y.

Effective immediately, FXLQ is not allowed to take on any new customer positions.

We will follow this further

Francesc

December 05, 2007

Doug Schaff's Trend Cycle indicator code soon on FXstreet.com

Hi everybody

I´m very happy to let you all know that we are in conversations with Doug Schaff, the creator of the Schaff Trend Cycle indicator, to open its code to all trading community.

The free release of the Schaff Trend Cycle code will allow traders, for the first time, to be able to use the STC in any way they want to, on any platform they wish. The STC is a popular indicator that can be useful to any currency trader.

For me and FXstreet.com this are great news indeed and we want to thank Doug and Terry Schaff for their interest in FXstreet.com to be the right place to give this very usefull information to the trading community.

We are now in the process of closing the deal but I´m sure there won´t be any bad surprise as both parties are very interested in working together.

From here I want to thank again Doug and Terry for choosing FXstreet.com. To trading community, I just want to say stay tunned for new developments to come very soon.

Francesc

December 04, 2007

EADS 'to produce outside Europe'

Hi everyone

I guess you have already hear about this on the news, but I think it is important:

EADS 'to produce outside Europe' 

I´m very glad to see that FXstreet.com is not the only company in the EU that the strong euro is causing BIG pain :)

No seriously, USD weakness against the EUR is a big concern for all EU companies with clients or competitors in the dollar zone.

I think this could force ECB to do something, otherwise the EU must prepare itself to loose all its manufacturers.

Francesc

December 03, 2007

Long Ridge & Lehman Brothers Among Investors Agreeing To Buy 35% of FXCM

New York, December 3, 2007 -- Today, Forex Capital Markets LLC (FXCM) announced that the Refco estate agreed to sell its 35% ownership interest in FXCM to Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers. The financial terms of the transaction were not disclosed.

The announcement of the sale was made today by Drew Niv, CEO of Forex Capital Markets LLC (FXCM), the Wall Street currency trader.

“We are extremely pleased with the outcome of the auction,” said Niv, “and we look forward to Lehman Brothers and Long Ridge becoming shareholders in FXCM. We believe Lehman Brothers' expertise in the global foreign exchange market and insight into growing our business will be extremely beneficial both for our company and for our clients.”

Upon completion of the transfer of ownership: FXCM will no longer have any financial connection or business relationship with the Refco estate; The FXCM Board of Directors will be composed of seven members. Five seats will be held by original founders of FXCM and two will be held by members nominated by the new investors excluding Lehman Brothers; There will be no change in FXCM's management, operations or services.

Refco Exits As A Shareholder
“As a result of the transfer of ownership, the Refco estate will have no equity stake in FXCM,” said Niv. “Replacing Refco as a shareholder will be a positive in the marketplace, enabling the industry and individual traders to focus on FXCM's strong financial position, its growing business and its product innovations.”
No Change In Leadership Or Management

“The results of the auction will change neither the leadership nor the management of FXCM,” said Niv. “The investment being purchased constitutes a minority interest in FXCM. The original founding partners of FXCM still control a majority of 5 of the 7 seats on our Board of Directors, and will collectively make all major decisions. The new investors are fully in sync with management's plans, so FXCM will not be making any changes in personnel, operations, or strategic direction as a result of the auction.”

Who is Long Ridge Equity Partners?

Long Ridge Equity Partners (www.lrepllc.com) is a private equity firm. Founded in 2007, its primary focus is transactions in later-stage financial services companies with established revenue streams, profitable business models, and strong management teams. An active, long-term investor in businesses, Long Ridge creates value by contributing financial, strategic, technical, and operational resources. Its contributions take a variety of shapes and forms, including developing and implementing growth strategies; identifying sales opportunities; evaluating and consummating acquisitions; building management teams; and raising capital.

CVJ wins Rob Booker's last book Adventures of a Currency Trader

Hi everyone,

I want to congratulate CVJ for contributing everyday with his trading plan at Rob Booker's thread in FXstreet's forum:

http://www.fxstreet.com/forum/showthread.php?t=1614

CVJ has been posting his notecard trading plan every single day for the last weeks so we will be delighted to send him the last book from Mr. Booker titled Adventures of a Currency Trader

Congratulations CVJ!

Thanks for the nice work done

Francesc

December 01, 2007

New All-time record highs in November 2007

Hi everyone,

It was a mater of only a few thousands but in November we made it again and reached new all-time highs at FXstreet.com.

This time there was not a new high in unique visitors but we got new highs in visits and page views.

October 2007
1,316,167 Visits
377,545 Absolute Unique Visitors
3,951,017 Pageviews
3.00 Average Pageviews
00:04:11 Time on Site

November 2007
1,326,871 Visits
370,762 Absolute Unique Visitors
3,970,914 Pageviews
2.99 Average Pageviews
00:04:12 Time on Site

I hope in January 2008 you´ll all give me a hand a help us to break this strong resistance levels at 380,000 unique visitors and 4,000,000 page views.

Again, thanks you very much to all of you.

Without you guys this wouldn´t be possible.

Francesc

4,000 unique visitors have already seen our recorded webinars

Hi everybody,

I do not want to be too pushy as I already made a post yesterday about the success of the recorded webinars we currently publish at:

http://transcripts.fxstreet.com/

I was reviewing numbers and I got shocked when I saw that from Tuesday November 13th - the day we uploaded the first recorded webinar from Rob Booker - and Friday November 30th, 4,166 unique visitors have entered LIVE transcripts to enjoy any of the webinars recorded there.

Do not miss them!

Francesc
 

FXstreet.com

  • Forex Street

    Francesc Riverola

    Francesc Riverola,
    CEO & Founder of FXstreet.com

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