Sunday, June 19, 2011

Germans rethink bailout, UK banks abandon Eurozone

Posted by at

Friday, June 17, 2011

15 Million Lots available in MT4

EES FX ECN now offering 15 Million Lots in MT4 http://eesfx.com/ecn

MT4 normally restricts demo and live accounts to 1,000 lots.  Of course, with 50:1 leverage, in order to trade 15 Million Lots, which is 1.5 Trillion, would require a deposit of 30 Billion.

1,000 Lots is 100 Million, so with a deposit of 10 Million, the 1,000 lot limit would be restrictive.  15 Million is a high enough limit that it is for most accounts high enough where only leverage limitations would be implemented.

http://eesfx.com/ecn
Posted by at

Tuesday, June 14, 2011

Bilderbergers promulgate their opinions

Posted by at

Gold to reach 5,000 - mainstream media

An exhaustive report by Standard Chartered predicts that gold [GCCV1  1525.50   1.10  (+0.07%)   ] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls.
Posted by at

Sunday, June 12, 2011

EES Releases Velocity Indicator on MQL4

http://codebase.mql4.com/7625


Velocity = High-Low / Time. Time is changeable to minutes, hours, or days. Seconds is the default. In physics, Velocity = distance / time.
Velocity can be a good indication of price action divided by time, differing from indicators such as ATR and Volatility indicators that do not include time.
Posted by at
Labels:

Wednesday, June 8, 2011

Department of Education sends SWAT team to collect student loan


STOCKTON, CA - Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.
"I look out of my window and I see 15 police officers," Wright said.
Wright came downstairs in his boxer shorts as a S.W.A.T team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.
"He had his knee on my back and I had no idea why they were there," Wright said.
According to Wright, officers also woke his three young children ages 3, 7, and 11 and put them in a Stockton police patrol car with him. Officers then searched his house.
As it turned out, the person law enforcement was looking for was not there - Wright's estranged wife.
"They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids," Wright said.


http://www.news10.net/news/article/141072/2/Dept-of-Education-breaks-down-Stockton-mans-door
Posted by at

Tuesday, June 7, 2011

IMF Says Loan Program to Portugal Entails ‘Important Risks’


The International Monetary Fund’s 26 billion-euro ($38.1 billion) loan to Portugal “entails important risks,” the agency’s staff said in a report prepared to assess the country’s request for assistance.
The measures attached to the loan “may fail to alleviate sovereign debt concerns, with an adverse impact on government financing prospects,” IMF staff wrote in a May 17 report that was posted on the fund’s website today. “In particular, refinancing risks from the closure or contraction of the Treasury bills market represent a near-term refinancing risk for the government.”

http://www.bloomberg.com/news/2011-06-07/imf-says-loan-program-to-portugal-entails-important-risks-.html  
Posted by at

Monday, June 6, 2011

EES FX adds 2 new indicators

For EES FX Subscribers, 2 new indicators are added.  To get your indicators, sync your Elite Meta Sync software via FTP.  Indicators are:


  • EES Velocity (High-Low/Time)
  • Tick Chart in MT4
To get these indicators, visit http://eesfx.com 
Posted by at

EES announces Trader Incubator program

The EES FX Incubator is designed for traders who want to trade in an ECN environment for the specific purpose of developing their track records for capital allocation, either by EES or our partners.

http://eesfx.com/portal/partners/ees-fx-incubator-program.html
Posted by at

Sunday, June 5, 2011

EU Preparing new aid package for Greece


European Union officials will focus on preparing a new aid package forGreece that includes a “voluntary” role for investors after the EU and the International Monetary Fund approved the fifth installment of Greece’s 110 billion-euro ($161 billion) bailout.
“I expect the euro group to agree to additional financing to be provided to Greece under strict conditionality,” Luxembourg Prime Minister Jean-Claude Juncker said after meeting with Greek Prime Minister George Papandreou in Luxembourg on June 3. “This conditionality will include private-sector involvement on a voluntary basis.”
Papandreou agreed to 78 billion euros in additional austerity measures and asset sales through 2015 to secure the 12 billion-euro bailout payment and meet conditions for receiving an additional rescue package. He agreed to make “significant” cuts in public-sector employment and establish an agency to manage accelerated asset sales, according to a statement released in Athens on June 3. The plan is fueling popular opposition and protests across Greece.
Greek bonds gained on the prospect of a new aid plan, with the yield on the country’s two-year notes falling 172 basis points yesterday to 22.8 percent, the lowest since April 20. The agreements came at the end of a week when Greece’s fiscal crisis worsened enough for Moody’s Investors Service to raise the probability of a default to 50 percent.
Posted by at

Friday, June 3, 2011

Get your Free Email Digital Signature from EES

Posted by at

NFP: Payrolls expanded by 54,000 last month

http://www.bloomberg.com/news/2011-06-03/dollar-declines-against-yen-as-u-s-adds-fewer-jobs-damping-u-s-outlook.html


The dollar extended its decline against the yen after a report showed U.S. employers in May added the fewest number of workers in eight months and unemployment unexpectedly rose to 9.1 percent, increasing concern the U.S. economic recovery is slowing.
Payrolls expanded by 54,000 last month, after a revised 232,000 increase in April, the Labor Department said today in Washington. The jobless rate rose to 9.1 percent. Employment was forecast to grow by 165,000 last month, according to the median estimate of economists surveyed by Bloomberg News.
Posted by at

Thursday, June 2, 2011

US Rating could be placed under review: Moody's

DEBT FEARS: US Rating Could Be Placed Under Review, warns MOODY'S...

Gives lawmakers until mid-July to show progress in talks...


Finally, a logical warning on US credit.
Moody's is out with a comment saying that if there's no imminent progress on the debt ceiling fight, the US credit rating will be cut.
This makes total sense, and we applaud Moody's for doing their job: Identifying an imminent (real) issue, and sensibly advising (ahead of time) about what could be a threat to US debt holders.
This should help put an end to this idea that a technical default would be just fine, and that somehow all this brinksmanship would be good for US credit somehow.
Back in January, we called on Moody's to do exactly this: Threaten a ratings cut as a way of warning about the harmful effects of this fight.
They've done exactly that.


Read more: http://www.businessinsider.com/moodys-warns-on-us-debt-rating-2011-6#ixzz1O9JY6fGm
Posted by at

Wednesday, June 1, 2011

Sweeteners for Greek Debt Extension


European officials preparing Greece’s second bailout in two years may offer bondholders incentives to roll over maturing debt without triggering a credit-rating downgrade that would roil Europe’s banking system, two people with knowledge of the talks said.
Investors may be given preferred status, higher coupon payments or collateral as inducements to buy bonds replacing Greek debt maturing between 2012 and 2014, said the people, who declined to be identified because the talks are in progress.
European leaders are trying to prevent the euro area’s first sovereign default. Last year’s 110 billion-euro ($159 billion) rescue failed to prevent an investor exodus from Greece, saddled with Europe’s highest debt load amid a three- year economic slump. The upgraded package would share costs with investors while skirting a technical default, the people said.
Posted by at

Oil up, jobs down

Posted by at

Bond markets betting on QE3


Investors should prepare themselves for a third round of quantitative easing, Simon Maughn, co-head of European equities at MF Global, told CNBC Wednesday.
“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” said Maughn. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”

http://www.cnbc.com/id/43233866
Posted by at

Tuesday, May 31, 2011

EU bails out Greece

http://www.bloomberg.com/news/2011-05-31/new-aid-package-for-greece-to-be-decided-by-end-of-june-eu-s-juncker-says.html

European Union leaders will decide on additional aid for Greece by the end of June and have ruled out a “total restructuring” of the nation’s debt, said Jean-Claude Juncker, head of the group of euro-area finance ministers.
Inspectors from the EU, the International Monetary Fund and theEuropean Central Bank are set to wrap up a review of Greece’s progress in meeting the terms of last year’s 110 billion-euro ($158 billion) bailout in the next few days. The EU will then formulate its plan for further aid to Greece, which remains shut out of financial markets a year after the rescue.
“We are waiting for their final judgment,” Juncker, who is also Luxembourg’s prime minister, said yesterday in Paris after meeting with French President Nicolas Sarkozy. “Their position will partly determine our position, so it’s too early. We will try to solve the Greek problem by the end of June.”
Posted by at

Sunday, May 29, 2011

Bitcoin Market


Bitcoincharts provides financial and technical data related to the Bitcoin network. If you're not familiar with the numbers on the left you can find explanations here.
Posted by at

Bitcoin Virtual p2p currency

Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
http://www.bitcoin.org/
Posted by at

Thursday, May 26, 2011

Ready to Erase Whiteboards, IdeaPaint Lands 1,700 Lowe’s Stores

http://www.bloomberg.com/news/2011-05-25/ready-to-erase-whiteboards-ideapaint-lands-1-700-lowe-s-stores.html

Ready to Erase Whiteboards, IdeaPaint Lands 1,700 Lowe’s Stores 

Digital advertising shop HUGE has close to two-thirds of its Brooklyn, N.Y., office’s walls covered with IdeaPaint. “You can feel free with your ideas, and not all of them are going to be great. That’s okay -- you can just erase it and start all over,” says HUGE partner Michal Pasternak. Promising sketches are photographed before they are erased, then shared like documents. Flexible office space facility Cambridge Innovation Center in Boston started using the paint expansively last fall; much of its 130,000-square-foot space is covered now. “It definitely has the ‘cool factor’ that we strive to include to make our space unique and keep our clients coming back,” says Anna Whitlock, a customer ‘relationship manager’ at the space.
Posted by at

Wednesday, May 25, 2011

Domestic Spying, Mainstream Source - NSA, Internet Spying, AT&T

Posted by at
Labels:

Wednesday, May 18, 2011

Dollar Drop Boosts Tourist Spending in U.S.


The price is right for foreign shoppers in the U.S. as the sagging dollar boosts their purchasing power on everything from jewelry to vitamins.
“When I come to New York, it feels like I am getting great deals,” said Molly Lewis, a 40-year-old nurse from Manchester,England, who spent an afternoon last week hunting down bargains on Louis Vuitton handbags in Manhattan. “Things are much cheaper here than back home.”
The British pound had climbed 13 percent against the U.S. dollar in the past year, along with gains in the euro and Canadian and Australian dollars. That’s given travelers a zest for spending, which may help U.S. retailers make up sales as budget-wary U.S. consumers stick to the sidelines. Travelers from abroad spent $8.9 billion on food, lodging, gifts and entertainment in the U.S. in February, up 7 percent from last year, according to the Department of Commerce.
The Mall of America, the biggest shopping center in the U.S. with 520 stores, is reporting a surge in international visitors, hitting retailers from Columbia Sportswear Co. (COLM) to Coach Inc. in search of American goods.
The dollar has weakened by about 4 percent this year, according to Bloomberg Correlation-Weighted Currency Indices. The measure of 10 developed-nation currencies has fallen 15 percent in the past year amid concern the Federal Reserve’s accommodative monetary policy will debase the value of the dollar and spur inflation.
Posted by at

Tuesday, May 17, 2011

IMF Strauss-Kahn Setup alleged



From the Media Research Center
While reporting on the sexual assault case against International Monetary Fund Chairman Dominique Strauss-Kahn on Tuesday's Today, NBC correspondent Jeff Rossen noted how the would-be Socialist Party candidate for the French presidency had "worried his political opponent, current French President Nicolas Sarkozy, would try to frame him with a fake rape..."
Rossen further added that Strauss-Kahn once told a French newspaper that the rape victim would be "promised 500,000 or a million euros to invent this story" by Sarkozy. Following Rossen's report, correspondent Michelle Kosinski highlighted French outrage over Strauss-Kahn's arrest: "I would say that the reaction ranges from disbelief to outright disgust. To see their VIP paraded before cameras, the socialists are calling it 'inhumane'....they're saying that this looks like a humiliating public exhibition like something from ancient times."
The headline on screen during the segment read: "French Conspiracy Theories; Was Banker Set Up as Part of Political Plot?"
After Kosinski's report, co-host Meredith Vieira discussed the case with the former head of the New York City Sex Crimes Unit, Linda Fairstein. Vieira began by touting: "There are some people in France who are speculating that this could be a political set-up." The headline on screen at that time had changed to read: "Sexual Assault or Political Plot?; The Case Against French Banker Strauss-Kahn."
Posted by at
Labels:

Monday, May 16, 2011

DRS R 3.6 on USD/JPY for the week

Posted by at
Labels:

Thursday, May 5, 2011

Automated Trader Global AlgoMarkets Update


Orc released a new version of the Orc Spreader 2.0, Colt is to buy a majority stake in MarketPrizm from Instinet, and Saxo Bank has begun publishing market data from the OTC FX Options market. Options IT's PIPE Velocity reduced Chicago - New York round trip latency by 2 milliseconds, ISE selected CorvilNet and CorvilClear solutions for its new options trading system, smartTrade Technologies completed CME Group Connectivity Certification for FX Futures, and TOM (The Order Machine) MTF market data is to be included in Thomson Reuters European real-time feeds.
ConvergEx enhanced its NorthPoint platform for mutual funds using alternative strategies, TAG launched Meteor platform for Custom Analytics, Fidessa is to host its Canadian trading platform in Equinix's Toronto IBX data centre, Brazilian brokerage Banif Corretora selected the Progress Apama platform for high frequency trading strategies, and also in Brazil BM&FBOVESPA joined TradingScreen's TradeNet.
Edge combined the data feed and order routing capabilities of RealTick and Sterling Trader with new software, FIX Flyer signed a distribution agreement with German company FIX Solutions,  Direct Edge is offering customers market access to seven major dark pools through Connect Edge, and UBS announced a new suite of intuitive algorithms for trading US Options. 
Posted by at

Euro Slides as Trichet Signals Rate Rise Won’t Come in June


The euro slid against the dollar and yen after European Central Bank President Jean-Claude Trichet said inflation risks will be watched “very closely,” signaling the ECB may wait until after June to raise interest rates again.
Speaking at a news conference in Helsinki, Trichet refrained from using the phrase “strong vigilance,” which might have signaled a June rate increase. European policy makers left the main refinancing rate unchanged at 1.25 percent today, as predicted by all 48 economists in a Bloomberg survey. Japan’s currency climbed against all of its 16 most actively traded peers. The Australian dollar declined for a fourth day.
The euro dropped 1 percent to $1.4684 at 2:45 p.m. in London, posting the biggest intraday decline since April 18. It earlier climbed to $1.4900. The 17-member common currency slid 1.8 percent to 117.39 yen, while the Japanese currency surged 0.8 percent to 79.93 per dollar.
“By signaling that a June rate hike is not likely, Trichet has put the euro under pressure,” said Kasper Kirkegaard, a senior currency strategist at Danske Bank A/S in Copenhagen. “A June hike has to be priced out of the market.”
The central bank last month raised the rate by 25 basis points, the first increase in almost three years. While inflation accelerated to 2.8 percent last month and economic growth is gaining momentum, higher borrowing costs may exacerbate Europe’s debt crisis, which has already forced Greece, Ireland and Portugal to ask for external help.


http://www.bloomberg.com/news/2011-05-05/euro-is-little-changed-after-ecb-keeps-key-interest-rate-stable-at-1-25-.html
Posted by at

Jobless Claims in U.S. Unexpectedly Jump Due to Anomalies


WASHINGTON (Reuters) - The number of Americans filing for jobless benefits rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August, the Labor Department said on Thursday.
Claims were pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program.
Economists had expected claims to fall to 410,000.
A second report from the department showed nonfarm productivity increased at a 1.6 percent annual rate, braking from a 2.9 percent pace in the fourth quarter. The growth pace was above economists' expectations for 1 percent.
"I think we're in a situation where the markets and the Fed have been too optimistic," said Bob Andres, chief investment strategist and economist at Merion Wealth Partners in Berwyn, Pennsylvania.
"I don't think we're going to fall off a cliff but the road to real recovery and full unemployment is going to take a long time, and people ought to get back into that mode."
U.S. stock index futures extended losses after the jobless claims data, while government debt prices touched session highs the data. The dollar extended losses against the yen, but rose against the euro.
Posted by at

Tuesday, May 3, 2011

EES Releases Tick Monster High Frequency EA

Tick Monster High Frequency EA


Tick Monster is an automated expert advisor robot that trades off of ticks.  Common filters such as Pivot Points,  SMA, RSI, and EES V Speed, traders can use Tick Monster with their favorite indicators.
With an extensive amount of features, Tick Monster can be used in many different ways.  At it's core, Tick Monster is a high frequency EA.  By changing tick settings, it can be modified to trade less frequently.  It has been designed with the concept of structural and modular programming providing flexibility and choices for traders to decide which modules to use.


For more information, visit: http://tickmonster.com

Tick Monster is available included with eesfx.com subscription
Posted by at

Monday, May 2, 2011

Osama bin Laden killed, buried at sea. Al Qaeda to unleash nuclear hellstorm

Posted by at
Labels:

Wednesday, April 27, 2011

NFA bars Clash Financial for greater than 20% commission / equity ratio

NFA's analysis of trades in Clash customer accounts identified commission to
equity ratios that were consistently higher than 20%. Owens generated more than
$91,500 in commissions on invested equity of approximately $314,000 between
July 1 , 2009 and March 31 , 2010. In 2009 alone, Clash customers lost more than
$243,000 while paying almost $50,000 in commissions. Approximately 95o/o of
Clash customers lost money during that year. More than 80% of the trades tested
by NFA had to achieve positive returns of greater than 30% simply to overcome
commissions and fees. In fact, break even points required to cover commissions
and fees reached as high as 81o/o,86% and even 977o.

http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2624


NFA permanently bars Georgia firm, Clash Financial LLC

April 1, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Clash Financial LLC (Clash Financial), an Introducing Broker located in Lawrenceville, Georgia. Phil A. Owens, sole principal and associated person of Clash Financial, is also barred from NFA membership and principal status for a period of six years and barred from associate membership for a period of three years. In the event that he reapplies for NFA membership after the expiration of the bar he must also pay a fine of $15,000. The Decision, issued by an NFA Hearing Panel, is based upon an NFA Complaint filed in October 2010 and a settlement offer submitted by Clash Financial and Owens.
The Complaint charged that Owens and Clash Financial recommended trades that maximized commissions without regard for the best interests of a customer and made deceptive sales solicitations.
Posted by at

Monday, April 25, 2011

DBFX leaves retail FX - moves clients to Gain

We'd like to inform you that from Friday 13 May 2011, Deutsche Bank will no longer provide dbFX, its online FX trading platform for individuals and small institutions. dbFX has made arrangements that will allow existing clients to open an account with FOREX.com, one of the largest providers of retail foreign exchange in the market. http://www.dbfx.com/

In a very surprising move Deutsche Bank, a very large forex liquidity provider, and one of the few ‘retail fx banks’ has announced that it is ceasing to provide dbFX (its retail forex arm). This effectively leaves forex traders with only one forex bank trading option – CitiFX Pro. Gain Capital is the big winner here as it acquires client assets (of those who’ll agree to this move) of dbFX’s current clients while FXCM loses what’s probably its largest White Label. In the latest chapter of the battle between two largest US forex brokers Gain Capital takes the upper hand.
This is what dbFX had to say about the reason for this step: “dbFX has been a strongly performing business for Deutsche Bank but has reached a point where in order to reach its full potential it requires significant investment in specific resources which are not consistent with Deutsche Bank’s current strategic initiatives.” If I read between the lines then what I can gather is that perhaps the White Label relationship with FXCM has become too expensive or non-competitive, perhaps of the ever reducing spreads and/or increased competition and regulatory scrutiny in the US. Another good reason would be that by June this year dbFX would probably be required to become an RFED due to its foreign bank status which would require major restructuring and additional compliance – which probably wasn’t worth it for Deutsche Bank.

http://forexmagnates.com/dbfx-is-exiting-the-retail-forex-market-transfers-clients-to-gain-capital-forex-com/
Posted by at

Thursday, April 21, 2011

Order Deliverable Currencies at Discount Rates with EES

Elite E Services, Inc. and Currencies Direct

Whatever your foreign currency requirements, whether you are transferring savings for your new life in the sun, investing in property abroad, making regular currency transfers overseas or needing holiday money each time you travel, we understand that you will want to get as much for your money as you can. That's why Elite E Services, Inc. has teamed up with Currencies Direct to offer you the best service and the most competitive foreign currency exchange rates available today. With years of experience providing financial solutions, Currencies Direct have developed an innovative range of products and currency transfer services that can help to minimise your foreign exchange risks and take the hassle out of international payments.  Click here to get rates, send payments, or obtain more information

For businesses
Forward Contracts: If your business exports or imports, or makes payments to other countries forward contracts can protect you from exchange rate fluctuations.
Foreign Currency Drafts: Foreign currency drafts are ideal for relatively low value payments. Currencies Direct drafts are drawn 'in country' making then simple to deposit.
Telegraphic Transfers: Telegraphic transfers are the fastest, most secure and inexpensive method of transferring funds internationally.
Risk Solutions: Currencies Direct provides a portfolio of instruments that can assist your organisation to minimize foreign exchange risk.
Regular online payments: Easy, fast, secure online payments. Manage your foreign payments from anywhere you have an internet connection.

Click here to get rates, send payments, or obtain more information
Posted by at
Labels:
Subscribe to: Posts (Atom)