Category: Forex Bits
MetaTrader Server Teleport Service Launched by Tools4Brokers
Tools4Brokers, a company with 3 years of experience with MetaTrader, is launching a service for forex brokers. The service enables transferring clients and order databases between MT4 servers. Forex software is on the move all the time. MetaQuotes recently announced the integration of the liquidity of CitiFX. For more details about Teleport Service, here is
Philly Fed Manufacturing Index Exceeds Expectations
The US Philly Fed Manufacturing Index rose to 10.2 points. A score of 9 was predicted. This adds to the positive signs seen earlier. The Philly index is a forward looking one, which makes it a very important and also a good indicator towards the Non-Farm Payrolls. The downside here is that the employment component dropped to
Spain Already Completed Around 25% of 2012 Bond Isuance
The euro-zone’s fourth largest economy, Spain, continues distancing itself from the crisis. Yet another bond auction saw lower yields with a full coverage. As of the beginning of February, Spain has managed to cover nearly 25% of all funding needs. There are 3 reasons for that. Bonds for 2015, 2016 and 2017 all got lower yields than
Roubini: EUR/USD Parity Needed to Avoid Euro-zone Doom
There’s a reason they call him Dr. Doom. Nouriel Roubini, who foresaw the 2008 financial crisis, has a tough prescription for the euro – a 30% cut in value, to get it closer to parity with the US dollar. Without this devaluation, Roubini sees the euro-zone as doomed. A drop in the value of the
CySEC License Obtained by PIM Prime Investments (Leverate)
PIM Prime Investments Ltd. a subsidiary of Leverate rerceived an official licence from CySEC, the regulatory body in Cyprus. Leverate provides software solutions for brokers. The move continues the expansion of Leverate, which is partially owned by Saxo Bank. The firm recently opened datacenters in London. For more details about this licence, the full press release is
French and German Pension Liabilities – 3 Times GDP
With peripheral countries facing tough bond payments every month, it’s too easy to miss the longer term – the retirement. France and Germany have big liabilities, reaching 3 times their GDP. This is a time bomb with a large fuse, but it’s out there. According to a research by the Research Center for Generational Contract in Freiburg
Archer International Consultants Introduces Corporate Solutions For Start Up Forex Brokers
Archer International Consultants announces a product for start up forex brokers. The company specializes in forex company formations, opening of bank accounts and more. It now enables an easier way to open companies in various countries, and with different regulations. For more details, see the press release below: Archer International Consultants Launches Supreme Corporate Solutions
Germany’s Negative Yields – Another Reflection of Distrust in Periphery
For the first time, Germany’s bond auction yielded negative yields. Its 6 month bond auction resulted in 3.9 billion euros in fresh funds, with a yield of -0.012%. This means that investors are willing to take a loss in order to hold on to the precious German papers. This emphasizes the loss of trust in
Draghi Pushing for Full QE – Report
According to a report, the president of the European Central Bank is pushing for a full blown and direct Quantitative Easing program, bending the arms of the Germans. This long awaited move could In recent days, the ECB accelerated its SMP bond buying program especially with Italian bonds. This was a response to rising yields,
FXCM Receives a $75 Million Credit Line from Bank of America
US Forex broker FXCM announces a credit line of $75 million from Bank of America (BAC). This credit line could be doubled in the future, and will enable the company to expand its operations and perform further mergers and acquisitions. FXCM already had some M&A action following its IPO around a year ago and continues