FOREX NEWS & BLOG

Live stream from MoneyMaker FX EA Trading Robot

Live stream from MoneyMaker FX EA Trading Robot

September 24, 2022 3:49 pm |

Forex EA Trading Robot
https://mmfx.vvip-members.com/ If your account balance is less than US$3,000, open an FBS Cent account via the link below.
https://fbs.com/cabinet/registration/trader/?ppu=9438088&account=stand&lang=en If your account balance is more than US$30,000, open an Tickmill Pro or VIP account via the link below.
https://secure.tickmill.com/?utm_campaign=ib_link&utm_content=IB79616275&utm_medium=%EA%B3%84%EC%A0%95+%EC%9C%A0%ED%98%95&utm_source=link&lp=https%3A%2F%2Ftickmill.com%2Fen%2Faccounts%2F
MoneyMaker FX EA Trading Robot

read more
US major indices trade lower at the open

US major indices trade lower at the open

May 31, 2023 3:38 pm |

The major indices in the US are opening lower. The Dow Industrial Average is down for the 7th out of 8 trading days. NASDAQ index is also lower after 3 straight days of gains. The S&P index is back below its 100-week moving average at 4198.61

A snapshot of the market 9 minutes into the open is showing:

  • Dow Industrial Average -171.65 points or -0.52% at 32871 .14
  • S&P index -17.84 points or -0.42% at 4187.69
  • NASDAQ index -19.85 points or -0.15% at 12997.58

Looking at the US at that market, yields are lower:

  • 2-year yield 4.419% -5.4 basis points
  • 5-year yield 3.784% -3.7 basis points
  • 10-year yield 3.673% -2.3 basis points
  • 30-year yield 3.894% -0.7 basis points

A look at other markets currently shows:

  • Crude oil has recovered some of its losses and trades down $0.56 or -0.81% at $68.91. The low price reached $67.03 before bouncing higher
  • Gold is trading up $10.41 or 0.53% at $1968.60
  • Silver is up $0.20 or 0.84% at $23.36

It is month and so there could be some additional volatility (although after the settlement date of most instruments)

This article was written by Greg Michalowski at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more
FinCom Discontinues BalansFX Membership over Compliance Failure

FinCom Discontinues BalansFX Membership over Compliance Failure

May 31, 2023 3:28 pm |

The
Financial Commission (FinCom), the independent external dispute resolution
(EDR) body for the forex industry, has expelled retail FX broker BalansFX from its organization. The mediator announced the development on
Monday, attributing the decision to the brokerage’s numerous failures to comply
with its rules and guidelines.

BalansFX’s
membership of FinCom afforded the brokerage’s clients deposit protection of up
to €20,000 for each complaint they filed, among other membership benefits.
However, with BalansFX’s membership now cancelled, these benefits are no longer
accessible, FinCom said.

“As a
result of the expulsion, the Financial Commission will not be able to reimburse
using the organization’s Compensation Fund since clients of approved members
can only use the compensation fund and is subject to the ruling of our Dispute
Resolution Committee,” FinCom explained in a statement.

BalansFX
Joins FinCom’s Expulsion List

BalansFX’s
application to join FinCom was approved in July
2020, with the
brokerage becoming the 49th company to join the ranks of the self-regulatory
organization. The firm offers services for trading in FX,
indices, CFDs, and commodities.

According
to FinCom, BalansFX has operated in European countries since 2011 and entered
the Turkish financial markets in 2018. The brokerage was founded in London through collaboration between top industry
investors.

BalansFX is only one of several members FinCom pushed out of its organization in recent months. Forex and contracts for difference brokers recently expelled include firms such as Bold Prime, Fiber Markets and LordFX. On
the other hand, FinCom also welcomed new members such as ThreeTrader, TMGM and Pepperstone in recent months.

FinCom
Warns Traders against TresorFX

Meanwhile,
FinCom this week added TresorFX to its warning list, urging traders and investors to avoid the
company’s website. TresorFX is a broker and an online investment management advisory
platform targeted at forex traders.

The EDR organization said it took the decision based on
complaints from traders. However, it did not disclose the specific complaints
laid.

“Upon
reviewing the submitted information from potential customers of this broker,
the Financial Commission has determined that the indicated company and
associated website may be used to scam and defraud traders and investors,”
FinCom explained. “As such, the Commission does not recommend doing business
with this entity, either individual purporting to represent this broker on
social media and in private messages on popular messaging apps.”

TresorFX is
also one of the 26 illegal trading and investment platforms recently flagged by the UK Financial Conduct Authority.

Options’ Paris office; BidX’s new Liquidity Manager; read today’s news nuggets.

This article was written by Solomon Oladipupo at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA Trading Robot

read more
US April JOLTS job openings 10.103m vs 9.375m expected

US April JOLTS job openings 10.103m vs 9.375m expected

May 31, 2023 3:22 pm |

  • Prior was 9.59m
  • Hires 3.9% vs 4.0% prior
  • Separations rate 3.7% vs 2.5% prior
  • Quits 2.4% vs 2.5% prior

The dollar has jumped on this report, which indicates that companies are still gung-ho to find workers. The market is pricing in a 62% chance of a June hike.

I’m not a fan of this indicator because I believe that automated hiring practices create too much noise but the Fed watches it closely and they will see this as another reason to hike.

This article was written by Adam Button at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA Trading Robot

read more