Forex Street Weblog

Gold, time to get long.... A reading for the weekend

Hi guys

Here you have a reading for the weekend

As always, a nice article from David Solin, partner at Foreign Exchange Analytics

Have a great week end

Francesc

Download gold-daily-may16.pdf

A New FXstreet's Live Section - Forex Blogs

Hi everyone

I am glad to inform you about the latest section launched at FXstreet.com:

Forex Blogs: http://www.fxstreet.com/live/forex-blogs/blogs/

You can see all available blogs listed there.

This is a starting point as we are working hard to get new great bloggers joining us there. At this time, we have two bloggers being tested and more to come.

The funny thing of it is the description content department made of this blog:

Follow Francesc Riverola’s daily comments and thoughts. FXstreet.com CEO and founder covers the relevant news that affect the Forex Industry as well as open discussions about the more polemic market regulations. You will also find FXstreet.com's announcements and events in this interesting blog.

How hard is to talk about the boss right?

I´m not going to fire them yet as it feels good to be praised once in a while :)

Just kidding ;)

Francesc

Sam Seiden confirmed key speaker at ITC 2008

I'm glad to announce you that Sam Seiden has just been confirmed as key speaker at our International Traders Conference (ITC 2008) of October.

As the other confirmed speakers, he will present a key speech and be team leader of the Live Trading Sessions

Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.
Sam has been involved in the markets since 1991 both on and off the floor of the Chicago Mercantile Exchange. He has served as the Director of Technical Research for two trading firms and regularly contributes articles to industry publications. Sam is known for his trading, technical research, and educational guidance.

Sam's method is based on these principles: "In trading, you get paid when others do what you do, after you do it. Sam's method is based on market principles that have stood the test of time. This method quantifies the supply / demand and human behavior relationship that exists in any marketplace. This relationship is ultimately what determines price. Knowing this allows you to enter trades at the right time so you get paid when others follow."

Sam regularly holds webinars at FXstreet.com and is among our most followed speakers. The recordings of his sessions are maybe the most successful too (you will find these videos listed on his contributor's profile page). Sam is an excellent educator and I'm sure that ITC attendees will learn a lot from him!

Francesc

U.S Senate passes farm bill

Hi everyone,

It seems today is the starting date for a new FX industry in the U.S as the Senate has passed Farm Bill with a strong majority that overrides any intent of veto by president Bush.

The full bill is available at the House of Representatives website:
http://agriculture.house.gov/inside/FarmBill.html

Title 12th (page 548) is the part of interest for all of us:
http://agriculture.house.gov/inside/...onf/CRlang.pdf

Francesc

$ index, topping....

Hi everyone,

An interesting article from David Solin, partner at Foreign Exchange Analytics

Enjoy it

Francesc

Download indexdailymay151.pdf

Ron Schelling special guest at ITC 2008

Hi everyone

Ron Schelling, Owner/Trader at 2HEDGE, is going to attend the International Traders Conference to be held in Barcelona next October 29th-31st as special guest.

Ron's presence will definitely increases the value of our floor and I'm sure traders who will attend our conference will be glad to meet Ron and exchange knowledge and experiences with him!

Thanks Ron

Francesc

Btw, do not forget to ask Ron how he managed to fly Brussels-Madrid for Euro 2 cents all in!!

Amazing....

Dow Jones Newswires Named Best News Provider

Hi everyone,

Dow Jones has informed us that Dow Jones Newswires was named  Best News Provider by Inside Market Data.
This is the second consecutive year that Dow Jones has won the award and the fourth time in the past six years.

As you may already know, Dow Jones is a FXstreet's news provider along Thomson. Also, Dow Jones provides us with a real-time news feed for our Premium Service.

Congrats DJ!

Francesc

The Forex Game soon on FXstreet.com - June 2007

Hi everyone

I'm delighted to announce here today that FXstreet.com has just signed an agreement with the French company Entropic Synergies SAS to offer at FXstreet.com a great and very fun Forex game based on one-to-one duels.
The game is very simple: the winner takes all the duellars - the dueling currency- from the looser, and the more you win, the more duellars you get.

In June 2006 we will launch the first game that will offer great prizes worth €2,500. The event will last 6 weeks - the first two weeks for testing and playing at will and the last 4 weeks for the game itself.

This first event is made possible thanks to the collaboration and sponsorship of Alpari UK.

So I want to take this opportunity to thank Alpari UK for their great support on this project which, I hope, will help traders worldwide to relax a little bit and take fun breaks in the middle of their stressful trading.

The official agreement will be released in a few days but I wanted you to know from me before anyone else :)

EUR/USD - LONG @ 1.515 with 1.60 & 1.62 in sight

Hi everyone

Here you have the great weekly read I use to offer you, the Weekly Forex Focus Report from Trading Central

Enjoy it!

Francesc

Download GURUFOREX-3.pdf

NZD followers - A daily read from Bank of New Zealand

Hi everyone,

My movies post has generated some laughs at FXstreet's office so I decided to go back to business as usual :)

For those of you that follow NZD, this should be a must read every day.

BNZ Daily FX Wrap & Strategy by the Bank of New Zealand

This daily article is one of the few reports published in open basis at NAB Capital's web site

Francesc

Two 2 thumbs up movies

Hi everyone,

Today I´m not going to talk about FXstreet nor to offer you a macro or fx related reading.

I would like to share with you two movies I just saw in the last few weeks and that I enjoyed very much... definetly two 2-thumbs up movies:

1. Once (2006)
Ireland
directed by John Carney

2. Into the Wild (2007)
United States
directed by Sean Penn

Francesc

FX Trader of the Year 2008 Contest - Top80 for the week of May 12th

Hi everyone,

Here you have the top80 and bottom20 list of FXstreet's FX Trader of the Year 2008 demo contest. If I´m not wrong, the contest is already in its 10th week and it is still leaded by Adrian Teixeira. Adrian took the leadership last week and the previous leader  See Yew Teck is still holding the 3rd position.

This week is worth to highlight the big raise of James Brown, climbing from the 23rd position to the 5th, while  in the negative front  we must highlight the fall of  fachry loebis from the 4th position to the 16th.

This is getting interesting

Francesc

Ranking 12th May       

Top80               
1 Adrian Teixeira 560,57%
2 Maulana Bachtiar 510,30%
3 See Yew Teck    466,82%
4 Ruslander Peru 432,38%
5 james brown 410,84%
6 Douce 501360 343,51%
7 Leonaard Charles Taka 328,90%
8 Pedro Carreira 317,70%
9 SL Ezekiel Tan 308,47%
10 Ionela Yeo    303,89%
11 AYODEJI AJIBODUN 286,80%
12 Mikulas Molnar 249,76%
13 Stephen Adil    245,29%
14 yohanes 501419 219,98%
15 Byn 501641    201,70%
16 fachry loebis 201,44%
17 Ryan Dixon 196,21%
18 AMIT MISRA 183,23%
19 David Jones 176,86%
20 Eduardo Plazuelo 161,40%
21 Dagoberto Rocael Perez 160,66%
22 Yakov Ramsden 140,60%
23 Shahzeb 501675 138,75%
24 Nick Samaroo    138,46%
25 FXTrader 5018 138,23%
26 Olga Lyakh 132,66%
27 J Heath 125,37%
28 Thomas A. Waller 120,86%
29 Achmad Zainuchron 117,54%
30 Shahzeb Raees 111,52%
31 Dubois 501243 110,34%
32 KrutojTrader DEMO 109,68%
33 Agus Supriatna 106,02%
34 Mr Ahmad Mahat 95,58%
35 MACIEJ KRAJEWSKI 94,95%
36 Mohammed Zayed 86,61%
37 David Ramsden 84,13%
38 Donatas Jasiunas 83,18%
39 Asad Ullah 79,66%
40 Farhad Asrar 79,57%
41 Mr Rajesh P. Puranik 76,83%
42 Denny Christian 76,82%
43 carlos ibanez 73,85%
44 Deki Sunardi    72,07%
45 Satrio Bagoes Soesilo 71,27%
46 stanislav zarubin 69,40%
47 Carlton J. Tischler 68,34%
48 Bernardo Martinez 68,28%
49 Gary Wong 63,68%
50 Hugh McKinley 63,26%
51 Raghavendra 502047 61,88%
52 Tommy Garcia    60,17%
53 Indra Kusumadinata 59,32%
54 Padraig McEnerney 59,17%
55 Terrell Carey 57,20%
56 Muhammad Irfan Yogi 55,98%
57 Linda Lin 55,97%
58 Carl Shaw 53,58%
59 Rand Hindi 52,42%
60 Donald W. Presley 50,62%
61 Amro Ali 48,51%
62 Joze Krizan 48,33%
63 Pristiwa Endrosiwi 48,30%
64 Jorge Fontes    45,71%
65 Reza Ajorloei 43,60%
66 oonaoonamourier@aol.com mourier 42,60%
67 chris 501 42,33%
68 Hussein Yahfoufi 40,61%
69 Ahmed G. Hashim 39,10%
70 serasi bangun 37,36%
71 Mr Nima Moayed Najafi 36,13%
72 Connie A. Blanco 35,38%
73 William Pearson 35,28%
74 Stephen Nefdt 32,15%
75 Hitender 501456 30,80%
76 Ross Yamashita 30,66%
77 Savitri Endrosiwi 30,13%
78 Ted Shieh 28,12%
79 mehalleg 501541 27,06%
80 Mr Mohammad Zubir Abd Rahman    25,22%

Bottom20       
Ivan Brkljaca -99,96%
Agung Novian Lunarto -99,63%
Akram Obeidat T -99,43%
Byron W. Wilks -99,31%
Sinan Karademir -99,20%
Radim Frycka -99,13%
Justin Mahwikizi -98,69%
Victor Salazar -98,54%
Gary Ku-Sebestyen -97,37%
Mateo Garcia Gonzalez -97,25%
YANGYE 501480    -96,88    %
Mohd Zakimi B. Mohd Yaacob -96,32%
Gustavo Aguirre Ch. -96,09%
budhi al muddaris -96,00%
sandra barragan    -93,55%
Slavisa Dosenovic -93,40%
Cesar DEMO    -90,20%
susan kiwanuka    -90,19%
Hiten Pandya    -89,43%
Raúl Ternavasio    -89,29%

2h, 4h and 8h time frames added to FXstreet's most viewed charts

Hi everyone,

FXstreet's most viewed charts:

Live Charts Window by Prorealtime were lacking from an important feature:

2h, 4h and 8h time frames were missing

Well, now this problem has been solved and now you can enjoy these time frames in our most followed charts.

Thanks Prorealtime!

Francesc

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

Exclusive Podcast - The Mind of a Trader: A 3−Step Approach for Growth

Hi everyone,

Just a quick post to let you all know that we have just released a new issue of the Canadian Company Trading Post Financial Services Inc. exclusive podcasts serie.

The issue released today is:

The Mind of a Trader: A 3−Step Approach for Growth
by Steven Croft, Trading Consultant

I hope you´ll like it

Francesc

Center and Eastern European Countries Economic Data from UniCredit Group

Hi everyone

For those of you interested in the fundamentals of the Central and Eastern European countries, this UniCredit's Group economic data report should be a must for you.

Enjoy it

Francesc

Download CEE-Econ-Data_08-1.pdf

April 2008 didn´t bring along new highs either...

Hi all,

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

After new all-time highs in January 2008, I was expecting to beat them either in March or April.

In March, we were on the way to made it, but eastern break came along and drove numbers down.

So I was very confident that in April we could finally made it, but it seems that January highs are not yet reachable.

The main reason of our failure to reach new highs is definetly caused by the poor performance our new charts and rates sections from Interactive Data. In fact, their performance is a big deception for FXstreet's team.

The good news for April should be the great performance of FXstreet's Economic Calendar raising a 14% from 231k page views to 263k, a new all-time high.

From January 2008, the EcoCal's raise in page views has topped a nice 26.5%.

Also, worth to highlight the great performance of FXstreet's Live, Technical and Fundamental sections.

Our content department is definetly doing a very good job! :)

Francesc

April 2008
1,307,354 Visits
390,102 Absolute Unique Visitors
3,909,374 Pageviews
2.99 Average Pageviews
00:04:31 Time on Site

March 2008
1,347,180 Visits
432,795 Absolute Unique Visitors
4,108,593 Pageviews
3.05 Average Pageviews
00:04:26 Time on Site

February 2008
1,261,205 Visits
390,714 Absolute Unique Visitors
4,013,485 Pageviews
3.21 Average Pageviews
00:04:37 Time on Site

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

David Solin's View - Eur/$, short but not the start of a major downleg....

Hi everyone,

My friend David Solin, partner at Foreign Exchange Analytics is suggesting in his latest article that we could be seen eventual gains back to the 1.6015 and above in EUR/USD.

I hope he will be wrong or this move won´t last much, otherwise I should have to start sending my resumé and look for a 9 to 5 job ;)

Enjoy it!

Francesc

Download eur-daily-may01.pdf