Archive for September, 2010
Will Foreign Forex Brokers Get “Gambling” Classification
The new CFTC rules consist of 50:1 leverage decision as well as many other regulations for the industry. But there might be one big hidden rule: US clients won’t be able to open accounts with foreign brokers. This can be implemented by assigning the notorious 7995 credit card classification to foreign brokers – preventing American
Aussie Rising With Economy
Australian GDP surprised in Q2 with a strong growth rate of 1.2%, higher than expected. This helped AUD/USD settle above 0.90 and aim for the next resistance level. Update on this high yielding currency. Australia publishes its Gross Domestic Product quite late, and doesn’t provide preliminary releases. After all the wait, the news were good
EUR/USD Sep. 1 – Struggling in Range
EUR/USD got into narrow range trading, clinging to the uptrend support but breaking higher. Will the pair pick a direction? Here’s a quick update on technicals, fundamentals and community trends
Forex Daily Outlook – September 1 2010
U.S. DAP Employment Report, ISM Manufacturing Index and Australian GDP are at the top of our market moving events for today. Here is an outlook on the economic activities awaiting us. In the US, Automatic Data Processing Employment Report, a measure of jobs lost or added to the private sector of the economy, also serving