Forex Street Weblog

ITC 2007 Videos

Hello,

Just to let you know we have displayed more videos of the ITC 2007 , the conference we organized last year in Barcelona...

You can view full keynote speeches of some speakers as well as other montages to know them better... as well as some short video trailers as announced 10 days ago. More videos should be available soon, we still are waiting for the green light of the concerned companies.

You'll find all the recordings here: http://www.traders-conference.com/resources-2007.aspx
I remind you that some Powertpoint presentations are also available for free on the same page.

We will announce very soon the exact dates and venue of the ITC 2008 which will be held this year again in Barcelona.

I hope you will enjoy the videos and I'll to meet some of you in person in a few months for the second edition of our conference!

Francesc

FX Trader of the Year 2008 Contest - Top 40 for the week of March 31th

Hi everyone

Here you have the top40 and bottom20 list of FXstreet's FX Trader of the Year 2008 Contest

Ranking 31st March
Participants: 764
Disqualified Participants: 23 (disqualified due to total loss of equity)                      

   

Top40                                                  Bottom20       

1    yohanes 501419    452,29%            Agung Novian Lunarto -99,63%
2    Adrian Teixeira    426,18%              Akram Obeidat T    -99,43%
3    Radim Frycka    380,15%               Sinan Karademir    -99,20%
4    Mr Mike Young    355,55%             Justin Mahwikizi -98,69%
5    Mr Jesus R. Moya353,92%             Victor Salazar    -98,54%
6    Stephen Adil    308,62%                Gary Ku-Sebestyen -97,37%
7    See Yew Teck    248,68%             Gustavo Aguirre Ch. -96,09%
8    wing yee ho    190,18%                 Mateo Garcia Gonzalez -95,82%
9    Nick Samaroo    170,44%              khalaf nasrallah -95,43%
10    Mr Rajesh P. Puranik 166,79%     Slavisa Dosenovic -93,40%
11    Leonaard Charles Taka 161,00%   susan kiwanuka    -90,19%
12    AYODEJI AJIBODUN 150,54%      Hiten Pandya    -89,43%
13    Yakov Ramsden    145,49%          johnie tan wee liang    -88,60%
14    Deki Sunardi    145,12%               elia romba    -88,40%
15    SL Ezekiel Tan    143,53%           Krishna Aditya Rachman    -88,02%
16    Alfredo Armanini 131,46%            Margaret Kimokeo    -87,92%
17    Ruslander Peru    128,25%          Mr Ismail Abdul Mutalib    -85,52%
18    cayle 501    128,12%                   Kenny Ng    -85,21%
19    FAUZI MOHAMED    127,96%      Peter 501218    -83,85%
20    MACIEJ KRAJEWSKI 125,17%    Bhavin Arunbhai Patel    -83,08%
21    victor manuel reyna 124,23%               
22    Thomas A. Waller 120,86%               
23    David Jones    117,01%               
24    Maulana Bachtiar 113,70%               
25    Mr John Bussey    113,27%               
26    tamaji 501573    112,32%               
27    Mr i.dial 501691 105,60%               
28    fund-vantage 501667 103,36%               
29    Agus Supriatna    102,50%               
30    Jeffrey White    94,24%               
31    Alex Melman    93,31%               
32    Olga Lyakh    93,16%               
33    Ben Williams    92,61%               
34    Ryan Dixon    77,11%               
35    Denny Christian    76,82%               
36    Mr. Alex L. Setiawan 72,34%               
37    Gianni 501603    70,85%               
38    Tommy Garcia    68,89%               
39    Dubois 501243    67,64%               
40    KrutojTrader DEMO 64,90%               

U.S. Forex - A Monopoly Industry?

Hi everyone

I wanted to share with all of you an article I just got from Felix Shipkevich, V.P. & General Counsel at Capital Market Services, LLC, a FX FDM from the U.S.

The article highlights the risks of the new requirements the NFA wishes to implement in the U.S. FX industry in order to better control such teenager industry.

The article does not add much new information about the whole situation but I found it interesting though.

Enjoy it

Francesc

Are regulators creating a monopoly of the Forex industry?
In his recent speech regarding the re-authorization of the Commodity Futures Trading Commission (CFTC), Dan Roth, president of the National Futures Association (NFA), announced a proposal for new rules and regulatory measures to its two dozen Forex Dealer Members (FDMs). The NFA regulates the retail Over-the-Counter Foreign Exchange (Forex) industry under the jurisdiction of the CFTC. The proposal outlines rule changes designed to better protect investors’ funds. However, it will have a drastic effect on the industry as it undermines the ability of some FDMs to continue their business or properly protect their financial exposure. 

The regulators are seeking to ensure that FDMs carry enough capital to cover customer funds. In an attempt to achieve that goal, in the past 2 years alone, the NFA has raised the minimum adjusted net capital (ANC) of the financial requirements to $1 million, then to $5 million effective December 21st, 2007. Without seeing the effects of these newly established thresholds, the proposed requirement is now $20 million. If the new requirements go into effect, it may cause a major overhaul of the Forex industry. FDMs which offer the option of leverage higher than 1:100 would be required to maintain an amount double the ANC. This additional requirement raises the threshold as high as $40 million. This means that an FDM would be required to have $40 million dollars safely stowed away and sitting in a bank account.

The new threshold may force some existing dealers to consolidate and would make it undeniably harder for new and prospective FDMs to form in this relatively new industry, only a decade or so in existence. The industry is already small, with only about two dozen firms operating at this time, and the proposed regulation will make it that much more anti-competitive. At this time, only a handful of the FDMs have the resources to independently withstand such a drastic increase in capital requirements. All but the largest FDMs, are alarmed that adoption of the proposed rules will put them in the position of considering two unappealing possibilities; merging or liquidating. NFA’s proposal would potentially weed out the smaller firms, less capable of holding the necessary capital, and would put hundreds of jobs in jeopardy. At the same time it would reward the larger, more capable companies with a bigger market share, potentially monopolizing the industry.

What the regulators fail to address is that the majority of the actions brought against entities for illegal Forex activities have involved unregistered solicitors. It is these dealers that pose one of the biggest threats to the industry. The industry seems to be helpless in an effort to protect customers’ funds handled by unregistered parties. Limiting the types of firms with which an FDM may do business with should be an efficient, justifiable and reasonable solution. It could include entities that are regulated by the NFA, or other foreign equivalent self-regulatory or government agency of the jurisdiction in which the affiliate is registered.

Forex is not new on the international arena with two thirds of the customers coming from abroad and generating well over $1 billion in customer funds, bringing money into the US even at the time of recession. Foreign jurisdictions such as the UK, Japan and Hong Kong have an established Forex industry, without the same problems faced by the US due to the fraudulent activities brought on by unregistered solicitors. The capital requirements in these jurisdictions allow for the assessment of the particular risks and needs of the firm member. For example, the largest base capital requirement in UK is €730,000 with additional risk-assessment based formulas. Japan’s capital requirements are entirely formula based.

It is understandable that the intent behind raising the ANC is to provide some form of a safety net for existing customers and potential investors. The lack of bankruptcy protection for US customers’ funds in Forex is one of the primary concerns of the regulators and so the proposal is a step in the NFA’s broader effort to fill that gap. The effect however, would go well beyond merely bumping up an already existing regulation to practically wiping out most members of the industry. The new financial requirements as they are proposed with the $20M adjusted net capital requirement, would make the industry anti-competitive and would seem to have the opposite effect of the intent of the regulators by putting Customers’ funds at risk by virtue of greater financial exposure and risk of insolvency for its members.

Felix Shipkevich
V.P. & General Counsel
Capital Market Services, LLC

CFTC merging SEC?

Hi everyone

This weekend the New York Times published proposed reforms from the Treasury Department on ways to improve oversight of the financial services sector.

One of the key aspects for the FX market is the proposed merger between CFTC and SEC.

The plan is expected to be unveiled today Monday March 31st 2008

To read more, here you have some useful links:

1. Treasury’s Summary of Regulatory Proposal
2. Treasury’s Plan Would Give Fed Wide New Power
3. US Farm Panel Chief - Misguided Idea to Abolish CFTC
4. News Analysis: In Treasury Plan, a Reluctant Eye Over Wall Street

Francesc

How We Got Into This Mess! - interesting article from Comstock Partners Inc.

Hi everyone

I found this interesting article while surfing FXstreet.com

I hope you´ll like it

How we got into this mess!

Some other interesting articles about the U.S. economy & inflation.

The links have been taken from Coco News

1. The next credit crisis: Overextended U.S. home loans

2. Inflation is back all over the world

3. Fed underrates Inflation

4. Let’s talk about inflation

Francesc

David Solin's view - Eur/$, new highs...eventually.....

Hi everyone

Before going for the weekend, here you have the latest insights about EURUSD from my friend David Solin, partner at Foreign Exchange Analytics

Enjoy it

Francesc

Download eur-daily-mar28.pdf

EURUSD @ 1.60 in 3 months?

Hi everyone

I just got Danske Bank's Weekly Focus and I thougth it could be nice to share it with you.

They expect EURUSD to reach 1.60 in 3 months, while EURCHF should be at 1.50 on the 12-month horizon and EUR/GBP to a peak of 0.82 within six months.

If you are interested to read it, here you have the link:

http://danskeresearch.danskebank.com/link/WeeklyFocus28032008/$file/WeeklyFocus.pdf

Enjoy your weekend

Francesc

Dollar Dilemma with Kathy Lien

Hi everyone

Kathy Lien, Chief Strategist at Dailyfx.com was yesterday on Fox Business discussing about the situation of the USD.

It seems she did a great job - well done Kathy - so they have invited her to co-host their Opening Bell Segment every morning for one week .

Mark your Calendars!  April 14-18 (9am - 10am)

If you wish to watch Kathy's performance, here you have the link

http://www.foxbusiness.com/video/index.html

Francesc

David Solin's view - $/yen, good risk/reward....

I everyone

A new good view this time about USDJPY from my friend David Solin, partner at Foreign Exchange Analytics

For those of you that enjoy David's work, here you have a new piece of his work

Francesc

Download yen-daily-mar27.pdf

FT Alphaville... Maybe a useful new site for you

Hi everyone

Please, forgive my ignorance, but I've not discovered till today the new Financial Time's Alphaville.

FT Alphaville is a free daily news and commentary service that focuses on M&A activity, fund raising and the core financial sector, including the private equity and hedge fund industries.

http://ftalphaville.ft.com/marketslive/

If you have any interest in those fields, give it a look

I’ll keep an eye on it

Francesc

FX Trader of the Year 2008 Contest - Top 40 for the week of March 24th

Hi everyone

Here you have the FX Trader of the Year 2008 ranking for the week of March 24th

Congratulations for the good job done so far guys!

Francesc

Ranking 24th March. Top 40
Total Contestants: 764   

1 yohanes 501419 324,36%
2 Adrian Teixeira 304,54%
3 Stephen Adil    265,20%
4 Radim Frycka    237,71%
5 wing yee ho    196,68%
6 cayle 501    170,48%
7 Deki Sunardi    164,24%
8 Nick Samaroo    158,98%
9 David Jones    158,16%
10 MACIEJ KRAJEWSKI 143,52%
11 tamaji 501573 140,83%
12 Mr Mike Young 139,54%
13 Thomas Waller 119,27%
14 AYODEJI AJIBODUN 112,22%
15 Jesus Moya    109,48%
16 See Yew Teck    108,08%
17 Yakov Ramsden 98,93%
18 MOHD ZAKIMI    93,16%
19 Ben Williams    89,63%
20 Mr i.dial 501691 87,32%
21 victor manuel reyna 80,11%
22 Denny Christian 76,82%
23 stanislav zarubin 73,00%
24 Mr Rajesh P. Puranik    72,15%
25 Tommy Garcia    70,11%
26 Carlton J. Tischler    69,20%
27 Ryan Dixon    66,25%
28 Jeffrey White 65,04%
29 Dubois 501243 64,44%
30 Hugh McKinley 63,26%
31 Raghavendra 502047 61,88%
32 Alex Melman 60,58%
33 Alfredo Armanini 59,82%
34 SL Ezekiel Tan 56,03%
35 james brown    55,28%
36 Douce 501360    54,65%
37 Carl Shaw    53,58%
38 Ionela Yeo    51,64%
39 antonio DEMO    51,20%
40 Gianni 501603 51,18%

View the Top80 and Bottom20 list here

Danske's Global Scenarios for March 2008 highlights the financial crisis continues to worsen

Hi everyone

I also just got Global Scenarios for March 2008, the monthly publication we receive from Danske Bank Research Team.

Definetly good stuff indeed

Francesc

A fixed exchange rate: back to the future? - "la Caixa" asks in its latest monthly report

Hi everyone

I just got from "la Caixa" - one of the biggest banks here in Spain - its latest monthly report that reviews Spanish and Latinamerica economies, aside the recent developments in the US and the EU.

The report will soon to be published at FXstreet.com

An interesting reading could be the article "A fixed exchange rate: back to the future?"

Enjoy it!

Francesc

ITC2007 short videos already available

Hi everyone

My people sent me a link that contains a couple of videos they have put together with views from attendees, speakers and FXstreet's staff about the past ITC2007.

The person in charge of making such videos wanted to know our opinion before displaying them on FXstreet.com site.

I personally liked what I saw - except myself, the worst English I´ve seen in years!!! - but I thought maybe you could give us your opinion so here you have the link.

http://www.traders-conference.com/resources-2007.aspx

If you have some spare time during the next few days come along and view Dianne, Ray or Gonçalo giving their views about the event the attended and I hope it will help you decide to come to Barcelona next October to attend ITC2008.

Happy eastern

Francesc

http://www.traders-conference.com/resources-2007.aspx

Forex JumpStart Videos

Hi,

FXstreet.com presents, in collaboration with 4xLounge.com, an exclusive and free series of Forex education lessons.
It's been a time we wanted to strengthen our Education section and address our beginners public with video contents. Adam Rosen, a regular speaker of our webinars, produced these lessons we decided to display in FXstreet.com in exclusivity.

The Forex JumpStart Lessons are videos designed to help traders of all levels. Everything from the basics to advanced trading concepts in clear and informative presentations. 

The course begins with a concise analysis of the fundamental factors, which drive the most actively traded currencies around the world. This includes summary of the most important economic numbers we should watch every trading day.

Then Adam dives right into technical analysis, and the art of reading and interpreting the price charts. The most commonly used indicators are explained in a very straight forward and easy to comprehend format, where even the novice trader will be able to apply a slew of indicators such as Fibonacci, RSI, and much more.

The best part is we will continue to add new chapters on a regular basis, as you may continue to expand your market knowledge and add to your wealth of trading tools in the time to come.

You can access these videos here.

Francesc

David Solin's view - Nasdaq (qqqq), still working to perfection.....

Hi everyone

To close the day, another interesting article from David Solin, partner at Foreign Exchange Analytics

Have a great day

Francesc

Download qqqq-daily-mar19.pdf

Upgraded Live Charts Window

New Indicators have been added in our Rates and Charts section for deeper technical analysis:

1.Weighted Moving Average
2.Envelopes
3.Linear Regression
4.Commodity Channel Index
5.Price rate of Change
6.ADX
7.Detrended Price Osillator
8.Schaff Trend Cycle

Go through these exceptional indicators to analyze price actions in our Live Charts Window

Enjoy it!

Francesc

Fed makes of March 18th the second best day ever beating the previous day

Hi all,

As you very well know, yesterday's Fed decision of cutting rates by another 75 bp to 2.25% drew a lot of attention,
so March 18th became the second best day ever in terms of traffic highs for FXstreet.com, beating the previous day, March 17th!

Here you have yesterday's numbers compared with Monday's:

75,061 Visits
Previous: 74,879 (+0.24%)

45,815 Absolute Unique Visitors
Previous: 44,435 (+3.11%)

216,656 Pageviews
Previous: 230,292 (-5.92%)

2.89 Average Pageviews
Previous: 3.08 (-6.15%)

00:04:21 Time on Site
Previous: 00:04:52 (-10.83%)

Thanks for your trust

Francesc

Goldman, Lehman Report Net Income Declines 53% and 57%

Hi everyone

A Very interesting read and very interesting blog to follow

http://calculatedrisk.blogspot.com/2008/03/goldman-lehman-report-net-income.html

Francesc

March 17th, second best day ever.... do I have to be happy?

Hi everyone

Every time that the USD gets in serious trouble, FXstreet.com website experiences a big increase of visitors.

Yesterday March 17th it happened again.

March 17th is now the second best day ever of our 8-year history.

Yesterday's number are:
74,879 Visits
44,435 Absolute Unique Visitors
230,291 Pageviews---- new all time high
3.08 Average Pageviews
00:04:52 Time on Site

Previous record was on January 22nd, when Fed surprised the markets with an unexpected 75 basic points cut of its main interest rate.

January 22nd 2008
83,686 Visits
53,388 Absolute Unique Visitors
220,829 Pageviews

As you may probably know, most of FXstreet's income comes in USD so a EURUSD exchange rate around 1,58/1,60 is something that is really getting on my nerves :)

I wish new FXstreet's all time records will come from a big drop into EURUSD... just for parity :)

Francesc

FX Trader of the Year 2008 Contest - 764 participants

Hi all

Just a quick post to let you know that we closed the period of acceptance of new participants into our this year's FX Trader of the Year 2008 Contest.

We have participating 764 contestants.

I´ll keep you posted about new developments in the contest

Francesc

FX Trader of the Year 2008 Top80 ranking - 2nd week

Hi all!

Nordmarkets sent us the FX Trader of the Year 2008 top 80 and the bottom 20 for the second week.

Keep up the good work

Francesc

FX Trader of the Year Contest Ranking - 2nd Week

Top80

1. YANGYE 501480  526,80%
2. Radim Frycka   209,87%
3. yohanes 501419  205,08%
4. Mr Mike Young  192,55%
5. VINOD KUMAR AGARWAL 156,00%
6. wing yee ho 135,25%
7. Mohammed Abutuaima 127,93%
8. MOHD ZAKIMI 113,56%
9. AYODEJI AJIBODUN 112,22%
10. Adrian Teixeira 109,07%
11. Kenny Ng 106,41%
12. David Jones 106,38%
13. Deki Sunardi 102,17%
14. Agus Supriatna 94,72%
15. cayle 501 93,59%
16. Ionela Yeo 88,11%
17. victor manuel reyna 86,49%
18. Agung Tristianto 80,47%
19. Thomas Waller 77,44%
20. Denny Christian 76,82%
21. Alex Melman 73,22%
22. william lucana 67,65%
23. Radosław Hope 65,40%
24. Dubois 501243 64,44%
25. Nick Samaroo   59,21%
26. Maulana Bachtiar   57,50%
27. fund-vantage 501667   55,72%
28. Carl Shaw 53,58%
29. Alfredo Armanini 53,32%
30. Byn 501641 50,56%
31. Rudisom Rodrigues de Paula 49,49%
32. Stephen Adil 49,07%
33. Diana 501275 46,56%
34. Hugh McKinley 45,76%
35. tamaji 501573 45,52%
36. james brown 43,17%
37. Douce 501360 42,16%
38. Pres. Patrick Haxton 40,95%
39. Tony Gee 40,16%
40. alfie willoughby 39,05%
41. Jorge Fontes 38,24%
42. Ismael Velez 37,49%
43. serasi bangun 37,36%
44. Leonaard Charles Taka 33,80%
45. Stephen Nefdt 32,15%
46. Gianni 501603 29,84%
47. MACIEJ KRAJEWSKI 29,72%
48. budhi al muddaris 28,22%
49. Nicolae Popescu 26,37%
50. Mr Mohammad Zubir Abd Rahman   25,22%
51. Daniel Benz 24,88%
52. elia romba 24,40%
53. Padraig McEnerney 24,32%
54. Eduardo Plazuelo 23,61%
55. chris 501 22,69%
56. Ben Williams 22,51%
57. Terrell Carey 22,32%
58. James Wagner 21,44%
59. Shahzeb 501675 19,78%
60. Ivan Brkljaca 19,47%
61. Byron W. Wilks 18,35%
62. Pieter Jansen van Vuuren 18,04%
63. i.dial 501691 17,50%
64. Samiullah Samiullah 14,36%
65. Mr. Alex L. Setiawan 14,28%
66. Karel 501704 14,23%
67. Gary Wong 12,82%
68. Andrej Presern 12,36%
69. Amro Ali 12,35%
70. Gabriel Reyna 12,30%
71. Thomas Becker 12,26%
72. Mikulas Molnar 12,11%
73. Pristiwa Endrosiwi 10,72%
74. Mr Prastowo A. Judana 10,71%
75. mehalleg 501541 10,68%
76. Dagoberto Rocael Perez 10,46%
77. Tommy Garcia 10,34%
78. roger uglow 10,28%
79. Christian Kerner 8,80%
80. sanming 501 8,57%

Bottom20

1. Putu Ngurah Haryantha -100,00%
2. Mark Francisco -100,00%
3. Fesol Resesi -100,00%
4. azhari bin idris -100,00%
5. Nurulzulkarnain Ahmad -100,00%
6. abdelali 501530 -100,00%
7. Rudi Volk -100,00%
8. Akram Obeidat T -99,43%
9. Justin Mahwikizi -98,69%
10. Victor Salazar -98,54%
11. Gary Ku-Sebestyen -97,37%
12. Marc Ramsden -95,82%
13. Mr Ismail Abdul Mutalib -93,64%
14. susan kiwanuka -90,19%
15. swjatoslaw gerus -90,01%
16. Zenonas Kvedaras -89,93%
17. Hiten Pandya -89,43%
18. Ricardo Portugau -89,38%
19. johnie tan wee liang -88,60%
20. Krishna Aditya Rachman -88,02%

Homepage redesign today!

We're excited today, because some interesting news came from our design department. Today we're launching a new layout for our homepage and our sections. We find it's a rather clean, uncluttered look & feel that'll definitely help you find everything you need for your trading.

I think we've improved content hierarchy and we'll make further steps in this direction.

Surely you'll run across mistakes and glitches. If you do, please comment this post and we'll be fixing it as soon as possible.

http://www.fxstreet.com/

Well, what do you think? :)

FXA David Solin view on USD/CAD

Hi everyone

A nice report on USD/CAD from my friend David Solin, partner at Foreign Exchange Analytics

Enjoy it

Francesc

Download cad-daily.pdf

Live radio for traders with Rob Booker

Hi everyone,

I´m very honoured to share with you that you can listen now the last Daily Radio Show by Rob Booker and Dave Murphy exclusivelly from FXstreet.com.

Daily half an hour of lively Forex Market analysis: discussion of current economic events, interviews with some of the most important players of the industry, trading education and knowledge and many more.

http://www.fxstreet.com/fundamental/market-view/daily-radio-show/

Broadcast from 08:30 am Eastern Time - 12:30 GMT, Monday - Friday.
Rebroadcast available approximately at 10:00 am Estern Time - 14:00 GMT.

You can listen it live from FXstreet.com homepage Today's Featured section every day. Later, the broadcast is available all day long.

http://www.traderradio.net/

Enjoy it

Francesc

B2B in London on standby for now... maybe in 2009

Hi again,

I´m very sad to announce today that we have decided to put the B2B event we wanted to organize in London this year into brackets due the lack of resources.

The feedback we got from FX related firms as FDM's, money managers, signals providers, media.... was good enough to take the risk and go for such event. That being said, Toni's moving to Switzerland, my vertigo that still doesn't let me go every day to the office, Maud busy with Barcelona's ITC and FXstreet's Live sessions and Noemí busy with the new features FXstreet.com will launch very soon have led us to decide not to organize that event this year...but who knows, maybe next year.

Francesc

Special Coverage - Central Banks money injection

Hi,

Major central banks today scurried to ease money market strains, in a repeat of the joint action seen at the end of last year.

The US Fed, European Central Bank, Bank of England, Swiss National Bank and the Bank of Canada all announced injections of funds into the money market at roughly the same time while the Swedish and Japanese central banks again proved notable absentees.

Read the special coverage FXstreet has prepared about it at.

Francesc

Live Free Access Day on Thursday 13th

Hi all,

as every second week of the month, we organize a Free Access Day in our Live Section. It will be on this Thursday 13th. All webinars are free that day for all users, including the usual Premium sessions.

Here is the schedule for the day:

- New Speaker! Andrei Pehar: An Overview of Institutional Trading Strategies at 11:00 GMT/07:00 EDT
- Valeria Bednarik: Choosing The Right Currency At The Right Time at 12:00 GMT/08:00 EDT
- Dan Blystone: Weekly Technical Briefing at 13:00 GMT/09:00 EDT
- John Jagerson: Using Fibonacci Retracements To Identify Support And Resistance at 14:00 GMT/10:00 EDT
- Steve Primo: How to Get Started Trading Forex at 15:00 GMT/11:00 EDT
- Sam Seiden: Why Should The Average Person Get Involved In The Forex Markets? at 16:00 GMT/12:00 EDT
- Derek Frey: Live Look At Today's Markets at 17:00 GMT/13:00 EDT

You can register for every session by clicking on the session titles links above or going to our Live homepage.
More details about how to attend a webinar at FXstreet.com to help the new users is available here.

Francesc

FX Trader of the Year 2008 Contest: Traders Ranking 1st Week

Hi everyone

As promised, Nordmarkets.com sent me the list of Top80 traders and worst 20 traders that are participating in our FX Trader of the Year Contest 2008.

David Novin, CEO at Nordmarkets.com and I agree completely that we need to show the contestants and anyone who is watching what kind of progress the real traders are making, so for this reason a long list was critical.

Those gaining several hundred per cent in a matter of days using 90-98% of the margin in every trade will not last very long.

We hope this long list helps to show that most of the traders are/should be managing their funds wisely.

Francesc

FX Trader of the Year Contest Ranking - 1st Week       

Top80       

1    Mohammed Abutuaima    351,98%
2    yohanes 501419    118,55%
3    Caroline Mbi Ayuk    98,46%
4    denny 501444    70,82%
5    Fajar Mulya    63,51%
6    Agus Supriatna    56,29%
7    Vrenita Hatma Lindung Bulan    55,77%
8    RadosÅ‚aw Hope    53,60%
9    Carl Shaw    45,48%
10    Ayodeji Ajibodun    39,24%
11    Rudisom Rodrigues de Paula    38,80%
12    serasi bangun    37,36%
13    Gabriel Reyna    37,29    %
14    Maulana Bachtiar    35,00%
15    victor manuel reyna    32,84%
16    David Jones    32,56%
17    Vinod Kumar Agarwal    32,56%
18    wing yee ho    30,82%
19    Altaaf Aboo    26,21%
20    william lucana    25,68%
21    Elizabeth Mirkin    22,18%
22    Douce 501360    21,97%
23    Ionela Yeo    21,72%
24    Donatas Jasiunas    20,98    %
25    Alex 501413    20,69%
26    Mr. Alex L. Setiawan    20,22%
27    Jorge Fontes    20,13%
28    Alfredo Armanini    19,68%
29    Diana 501275    19,64%
30    Adrian Teixeira    19,44%
31    Nick Samaroo    18,94%
32    Stephen Nefdt    18,72%
33    Stephen Adil    18,70%
34    Pres. Patrick Haxton    16,18%
35    Dubois 501243    16,02%
36    Thomas Waller    15,64%
37    cayle 501    15,45%
38    Nurulzulkarnain Ahmad    15,35%
39    budhi al muddaris    15,06%
40    Samiullah Samiullah    14,60%
41    Ben Williams    14,2%
42    Karel 501704    14,23    %
43    Ahmed G. Hashim    13,47%
44    Asad Ullah    13,22%
45    Amro Ali    12,61%
46    Arief 501623    11,18%
47    Peter 501218    10,76%
48    Reza Ajorloei    10,60%
49    Eduardo Plazuelo    10,39%
50    tamaji 501573    10,37%
51    Ismael Velez    10,21%
52    Padraig McEnerney    10,10%
53    Agung Tristianto    8,98%
54    Christian Kerner    8,80%
55    Mohd Zakimi    8,62%
56    Byron W. Wilks    8,42%
57    fund-vantage 501667    8,36%
58    Gerardo 501260    8,33%
59    Mr Nima Moayed Najafi    7,94%
60    Ivan Brkljaca    7,72%
61    Pieter Jansen van Vuuren    7,04%
62    Shahzeb Raees    6,81%
63    Jon 501567    6,30%
64    Hani Baal Abou Mrad    6,13%
65    Ehab Maher Abdo    5,61%
66    Marc Ramsden    5,57%
67    Muhammad Irfan Yogi    5,26%
68    Shahzeb 501675    4,96%
69    Ronald Tynes    4,83%
70    Gianni 501603    4,77%
71    Deki Sunardi    4,36%
72    chris 501    4,17%
73    Hussein Yahfoufi    3,90%
74    Tim Sprengart    3,80%
75    Christian Hendricks    3,14%
76    Sinan Karademir    3,00%
77    Martin Leidel    2,71%
78    fiki himawan    2,44%
79    Linda Lin    2,40%
80    james brown    2,32%

Bottom20       

Hiten Pandya    -86,67%
Alex Ellwood    -79,76%
Krishna Aditya Rachman    -68,88%
Mr Ismail Abdul Mutalib    -62,04%
Justin Mahwikizi    -55,91%
Mark Francisco    -47,04%
susan kiwanuka    -45,50%
Galina Nelson    -44,00%
Evaldux 501659    -43,13%
Margaret Kimokeo    -41,12%
abdelali 501530    -40,86%
Putu Ngurah Haryantha    -38,14%
sara 501565    -36,19%
Javed Tassawar    -33,97%
Rudi Volk    -31,36%
Viktoras Karapetjanc    -31,15%
misbah maoludin    -30,74%
johnie tan wee liang    -29,20%
Akram Obeidat T    -28,15%
Hitender 501456    -25,80%

FX Trader of the Year 2008 Contest: On the way to reach 700 contestants

Hi everyone,

Just a quick post to let you all know that the FX Trader of the Year 2008 contest is on its way to reach 700 contestants.

Read the press release.

Great results indeed :)

Francesc Riverola
CEO
FXstreet.com

Google the king of FXstreet.com in February 2008

Hi everyone

As always has been and it seems always will be, Google was no doubt the king sending people to FXstreet.com in February 2008.

84% of the 372,000 visits sent by search engines to FXstreet.com in February came from Google, followed by Yahoo with 11% of all searches.

In January 2008, 83% of FXstreet's search engines visits came from Google while 12% came from Yahoo

Source/Visits
1. google
312,447

2. yahoo
41,539

3.live
7,309

4. msn
5,362

5. aol
1,973

6. search
1,522

7. ask
764

8. altavista
313

9. netscape
172

10. alice
152

Long live the king :)

Francesc

Top10 Technical & Fundamental Reports - February 2008

Hi everyone

Here you have the list of the most viewed Technical and Fundametal reports at FXstreet.com during the month of February 2008.
Below each report you´ll find the number of page views it generated.

Enjoy them!

Francesc

TOP 10 Technical
Today's Technical Trading Points by Danske Bank
30,682 page views

Currency Majors Technical Analysis by Mataf.net   
11,856

Daily technical Analysis by Mizuho
11,619

Daily Forex Technical Report by Action Forex 
11,226

Daily Recommended Trades by E-Forex      
10,734

Daily Forex Forecasts by FX Dream      
7,788

Spot Forex Trades by Forex Survivor      
7,245

Recent Recommended Trades by Ace Trader   
6,293

Forecast on Forex Majors by FX-Strategy   
5,801

Forex Market Outlook on Majors by Ace Trader
4,518

TOP 10 Fundamental
Daily Global Commentary by Norhtern Trust
2,558   

Emerging Markets Weekly by Erste Bank der oesterreichischen Sparkassen AG   
2,329

Daily Market Briefing by FXCM
2,277   

Weekly Market View
2,144   

European Market Update by Trade the News
2,127   

Daily Forex Overview by Dukascopy Swiss FX Group
1,988   

Morning Report by Westpac Institutional Bank
1,826   

Asia Market Update by Trade the News
1,807

Economics Weekly by Lloyds TSB Financial Markets
1,775   

KBC News Picks by KBC Bank
1,645   

Toni Juste moving to Switzerland but not leaving FXstreet.com

Hi everyone,

As you all know, Toni Juste has been FXstreet's FX Advisor for the last 3 years and head of trading and director of FXstreet's Managed Account Program (MAP) since October 2006 when we launched it.

As some of you already know, Toni is moving to Switzerland for family reasons. So Tony's wife grabbed his left ear and with a big kick showed him the need to move the family to a much better place to live than Blanes, a village 60 km away from Barcelona. ;)

Toni has been a crucial person in FXstreet's success so far and my intention is that he will keep being crucial now from Switzerland.

At our Barcelona's offices we are 24 (including Toni), but we also have people working full time for us in India, Indonesia and China, so I do not see any problem to have Toni working for FXstreet from the sunny Switzerland :)

So those of you that the last few days have heard Toni saying good-bye I must say that is a see you soon.

Toni will need around a month to move his family to Switzerland and establish them well. Then, I´m expecting him to resume working with and for FXstreet.com for many years to come.

My goal is that Toni will keep up and running his successful blog and webinars, will keep leading the Trendex Service and MAP programs and advising FXstreet.com as a FX expert.

At this time, I am only grateful to Toni and I want you and him to know that we WANT him on board as long as he stands us/me :)

Francesc

UPDATE (04/29/08): Toni Juste no longer working at FXstreet.com

FXstreet.com new news provider in its Chinese site

Hi everyone,

Just a quick post to let you all know that FXstreet.com is joining DailyFX and Thomson as a news provider of FXstreet's Chinese web site

http://china.fxstreet.com/

The purpose of producing our own news in Chinese is the same that led us to produce our own news in English and Spanish: providing a real time or as real time as possible news feed in open - free - basis.

As you know, professional news providers such Thomson send their news with some delay when they are offered in open web sites. That delay can be very critical when economic indicators are released, so with our own news we try to make such economic releases more immediate.

That work should make of our Chinese EcoCal and news feeds one of the best in that language currently available on the net.

Francesc

MAP 8304 CYCLE FX UNLEVERAGED Program now listed @ Barclays' CTA database

Hi everyone,

I´m very happy to let you know that The MAP 8304 CYCLE FX UNLEVERAGED Program is now listed at the Barclays' CTA database.

http://www.barclayhedge.com

This prestigious database gathers an extensive list of CTA Programs both in Futures and in Forex. It is a good opportunity to make the Program be known at a bigger scale, as the database is daily searched by hedge funds, family offices and intorducing brokers, aiming at finding a new alternative asset manager that can provide them with the service they are looking for.

Francesc

EUR/USD - open scope for further “net” gains ahead says David Solin Partner at Foreign Exchange Analytics

Hi everyone

I just got this article from David Solin, Partner at Foreign Exchange Analytics.

It is not the first time I´m publishing an article from David, but I found it very interesting and I recommend its reading.

Download eur-daily-mar04.pdf

Enjoy it

Francesc

FX Trader of the Year 2008 Contest: Registration extended till March 17th

Hi everyone,

Just a quick post to let you know that we have extended the period to register to FX Trader of the Year 2008 Contest till March 17th.

David Novin, CEO at Nordmarkets.com sent me an e-mail a few minutes ago letting me know that we have a this time 554 participants in the contest and that one member of his support team is constantly monitoring the thread

http://www.fxstreet.com/forum/showthread.php?t=2102

in order to help participants in any problem they may experience with registration or Nordmarkets demo account.

I also have seen participants helping each other so this thread is the place to go to keep yourself updated about the contest.

To participate, please go to:

http://www.nordmarkets.com/toty/

Francesc

No new traffic highs in February but numbers point to a great March

Hi all,

Here you have Google analytics stats for FXstreet's web site in February 2008.

February didn't bring along new highs but we considerably increased average pageviews per visit and time on site increasedby 36 seconds.

The time on site increase should be consequence of the change of rates&charts providers we made on February 1st 2008, when we changed Netdania for Interactive Data and IT-Finance.

Let´s see if March brings us good news in terms of traffic highs.

The Economic Calendar page is keeping its extraordinary performance with a new all-time high in February with 233k page views, well above 209k high from the previous month.

EcoCal page is already the 3rd most visited page on FXstreet.com after Homepage and Live charts.

EcoCal January 2008
209,041 Pageviews
00:05:09 Time on Page

EcoCal February 2008
233,692 Pageviews
00:05:11 Time on Page

FXstreet.com January 2008 (All-time highs)
1,456,401 Visits
455,489 Absolute Unique Visitors
4,178,521 Pageviews
2.87 Average Pageviews
00:04:01 Time on Site

FXstreet.com February 2008
1,261,205 Visits
390,714 Absolute Unique Visitors
4,013,485 Pageviews
3.21 Average Pageviews

Francesc