http://eesfx.com/dollarindex/ Direct Download
http://eesfx.com/eesfx/index.php/forum/15-custom-indicators/35-dollar-index-for-meta-trader-4.html EES FX Forum Thread USDX
http://codebase.mql4.com/6018 MQL4 page
Monday, September 21, 2009
EES Releases Dollar Index Custom Indicator, featured on MQL4.com and EESFX.com
Sunday, September 20, 2009
Friday, September 18, 2009
EES reaches 10,000 downloads from MQL4.com
http://codebase.mql4.com/en/author/eliteeservices
Original eFibo trader: 6240
EES Hedger: 2025
V Speed Indicator: 674
Wednesday, September 16, 2009
New NFA Rule - Forex only managers do not need to register
Account Managers
Generally, a person exercising trading authority over a customer's futures or
options account must register as a commodity trading advisor (CTA). The
Advisory states, however, that a person that manages the funds of
customers held by an authorized counterparty solely to trade forex is not
required to register as a CTA but may do so voluntarily. Obviously, if the
person also exercises trading authority over a customer's account for
exchange-traded futures or options contracts, the person must register as a
CTA.
A person exercising trading authority over a customer's account may not
receive or hold the customer's funds. Those funds must be held by an
authorized counterparty.
Nfa Forex Regulatory Guide
Generally, a person exercising trading authority over a customer's futures or
options account must register as a commodity trading advisor (CTA). The
Advisory states, however, that a person that manages the funds of
customers held by an authorized counterparty solely to trade forex is not
required to register as a CTA but may do so voluntarily. Obviously, if the
person also exercises trading authority over a customer's account for
exchange-traded futures or options contracts, the person must register as a
CTA.
A person exercising trading authority over a customer's account may not
receive or hold the customer's funds. Those funds must be held by an
authorized counterparty.
Nfa Forex Regulatory Guide
Tuesday, September 15, 2009
Introduction to Regulation of Hedge Funds in Germany
hedge funds companies -
SEC Staff Clarifies that Cash Solicitation Rule
Does Not Apply to Investment Pool Referrals
http://www.dechert.com/library/FS_09_10_08.pdf
Monday, September 14, 2009
China US Trade war begins
Mr. Obama's Trade War
If President Obama thought he could pander to his domestic political base without any consequences abroad, he needs to think again. Beijing's response to the tire tariffs Mr. Obama announced late Friday evening is a warning that America's trading partners won't take protectionism lying down.
China's Ministry of Commerce announced Sunday that it will launch antidumping investigations against imported U.S. auto parts and chickens. The move is being interpreted as retaliation for Mr. Obama's imposition of a 35% tariff on cheap Chinese tires imported into the U.S. (Beijing denies a link.) Apparently Beijing wasn't mollified by the fact the tariff is less than the 55% domestic lobbies in the U.S. had sought. The Commerce Ministry also put out a strongly worded statement denouncing the tire tariffs and not-so-gently reminding Mr. Obama of the Group of 20 statements he has endorsed about the importance of resisting protectionism amid a world-wide slowdown.
On their own these measures won't mark dramatic protectionism. Many imports of U.S. poultry already face stiff limits stemming from a pre-existing trade dispute over a U.S. ban on some Chinese chickens. Beijing had already slapped duties on car parts during an earlier trade dispute, too.
Rather, the Chinese government may want to send a signal to discourage Mr. Obama from future protectionism. They have reason to worry. Unlike in normal antidumping cases, Mr. Obama can't plead that his tire decision was simply made by career bureaucrats following a standard rule book. The trade law he applied, Section 421, gives the President full discretion, and Mr. Obama signaled he's willing to use his discretion to pay back domestic political supporters like the United Steelworkers union that filed the tire case. And because Mr. Obama's decision sets a precedent for similar cases, Beijing has to worry it will face more protectionism in short order if it doesn't nip this trend in the bud now.
This kind of Chinese response was predictable, if the Obama Administration had cared to read the signs. As a political matter, Beijing can't afford to do nothing. The China Rubber Industry Association, a trade group, puts the potential cost to the Chinese economy of the U.S. tariffs at $1 billion and 100,000 lost Chinese jobs. The Commerce Ministry said yesterday it wants to discuss the issue with the U.S. at the World Trade Organization, but a formal WTO challenge would face an uphill climb. Section 421 was specifically allowed as part of China's agreement to join the WTO in 2001.
Plus, China has its own protectionist lobbies at home. "Chinese poultry companies have been struggling over the past couple of years amid bird flu and a flood of imports, and the financial crisis is making that worse," Ma Chuang of the China Animal Agriculture Association, told Bloomberg over the weekend. Tire tariffs from the world's traditional free-trade leader makes it harder for governments like China's to stand up to such pressure from their own domestic interests.
That doesn't make Beijing's apparent retaliation right, of course. Beijing could best claim the global economic leadership role it craves by resisting tit-for-tat protectionism and instead further reducing its own subsidies, trade protections and limits on foreign investment. That might be wishful thinking, but at a minimum it would be wise to drop these antidumping cases as soon as attention has shifted elsewhere.
The bigger lesson here is for Mr. Obama, though. He appears to have thought he could both appease his far-left antitrade supporters in the U.S. and paper over the resulting disagreements with America's trading partners. No such luck. Instead he ceded America's historical leadership on trade when he imposed the tire tariffs. Now China's weekend moves are offering a first sign of where this will end up if he doesn't rediscover the virtues of free trade soon.
Is this a looming trade war between the US and the world's largest holder of US debt? Or is it saber-rattling setting up the G-20 meeting in Pittsburgh
http://online.wsj.com/article/BT-CO-20090914-702705.html
European stock markets traded lower Monday, weighed down by fears of protectionism and a possible US/China trade war.
http://www.marketwatch.com/story/dollar-gives-up-early-gains-after-trade-war-fears-2009-09-14
By marketwatch The US dollar slides against major rivals in late morning, giving up a small lift amid rising US-China trade tensions
Saturday, September 12, 2009
New Merk funds offers currencies for all
BOSTON (Reuters) - Money manager Axel Merk has a proposition for average investors: play the currency markets like a hedge fund for a mere $2,500.
Normally the world's foreign exchange markets -- where dollars, euros and yen exchange hands at lightning speed and in enormous sums -- are off limits to people who are saving a few hundred dollars a week for retirement or college tuition.
But on Wednesday, Merk -- a computer scientist turned asset manager with a growing reputation for bringing currencies to Main Street investors -- will launch his third fund that will be stocked with the world's biggest and most liquid currencies.
The Merk Absolute Return Currency Fund will join the four-year-old Merk Hard Currency Fund and the one-year-old Merk Asian Currency Fund as part of the Merk Mutual Funds' lineup.
"This fund will allow the public to have access to the forex markets," Merk said in a telephone interview.
"The main goal is to offer true diversification with a mix of currencies that can go long or short," Merk said, describing the portfolio as something for investors who want to own more than stocks and bonds.
Investors will be able to access the fund through the Internet, brokerages such as Fidelity and Charles Schwab (SCHW.O), and through financial advisors.
The new fund will share characteristics of the two existing funds: it will never use leverage or borrowed money to make returns grow faster and it will make long-term allocations, not minute by minute calls, Merk said.
Thursday, September 10, 2009
Barclays Capital launches enhanced FX Algorithmic Trading
http://www.automatedtrader.net/news/algorithmic-trading-news/15924/barclays-capital-launches-enhanced-fx-algorithmic-trading
Barclays Capital, the investment banking division of Barclays Bank PLC, has announced the launch of PowerFill+, a suite of online foreign exchange tools providing clients with order management and access to deeper liquidity. This new functionality on BARX, the firm's electronic trading platform, is free to use, providing execution capability without brokerage fees.
The main feature of PowerFill+ is that it allows clients to anonymously work bids and offers. The best bid/offer forms part of the price that users see, which is intended to enable BARX to provide all clients with tighter spreads and deeper liquidity.
"Traditionally, platforms offering this level of order functionality charge their clients fees, but PowerFill+ is brokerage free," said Tim Cartledge, Head of BARX FX Trading at Barclays Capital. "Zero brokerage plus Barclays Capital's certainty and depth of liquidity, coupled with the extra liquidity resulting from our clients' own orders, means we are providing clients with an optimal trading environment."
"PowerFill+ demonstrates Barclays Capital's commitment to providing clients with outstanding service and reinforces our position as a leader in market innovation," said Nick Howard, Head of Foreign Exchange and Emerging Markets Distribution at Barclays Capital. "This is a great addition to our BARX platform which is recognised globally for its reliability and stability with a proven track record during times of market volatility."
Treasuring Thrift: 'In Cheap We Trust'
http://www.npr.org/templates/story/story.php?storyId=112557219
Journalist Lauren Weber knows a little something about being cheap. When she was growing up, her father refused to set the heat above 50 degrees during the winter in New England.
He turned out the lights, even if someone had left a room for just a moment. And for a little while he even tried to ration the family's use of toilet paper. Seriously.
Rather than traumatize Weber, all that — and more — made her the perfect person to explore the roots of frugality in the United States.
Wednesday, September 9, 2009
Nobody Liking Dollar Deficits Makes Rogoff Favorite
No 'Performance Advantage'
The need for foreign investors may only increase in the final four months of 2009.
After purchases by the Fed, the net supply of long-term U.S. government and agency debt has been about $50 billion a month this year, Dean Maki, head of U.S. economics research at Barclays Capital in New York, wrote in a Sept. 4 report. As the Fed slows its so-called quantitative easing program, net supply may reach $200 billion by year-end, he wrote.
"In the broadest sense, the dollar tends to prosper when a unique U.S. asset attracts foreign buyers," such as high real yields in the early 1980s and the Internet boom in early 2000s, Steven Englander, the chief currency strategist at Barclays, wrote in a research note on Aug. 27. "There is no asset class in which U.S. assets have a clear performance advantage"
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUzQTB9klLmM
Sunday, September 6, 2009
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