Category: Forex Bits
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
FXCM Saw More Tradeable Accounts, Higher Retail Volume, Lower Institutional Volume
US forex broker FXCM released its trading metrics for the month of November 2011. This includes separate figures for retail and institutional clients. The number of retail tradeable accounts continued rising and reached 192,772. Also trading volume among retail customers continued rising and reached $345 billion. Regarding institutional trading, the broker saw a drop in
Bloomberg UTV to Feature Analysis from XTB India
XTB India announces that its analysis will now be available on Bloomberg UTV on the “Minting Money” shows. This is another step forward for the broker. A few months ago, XTB India launched its xStation platform. This additional recognition helps it advance. For more details, here is the official press release: Announcement of XTB India’s
For 46 Million Americans, There’s No Recovery
Recent US indicators have been positive, and this finally includes also employment figures: jobs are created at a steady pace and unemployment is dropping. The job figures also revealed a drop of many Americans from the work force, and another figure reflects the drop of too many Americans from mainstream society. No less than 46,268,257 Americans
Slovakia Introduces Debt Ceiling Law Into Constitution
The parliament of Slovakia approved a new constitutional that limits the debt to 60% of GDP. The law includes automatic sanctions that are triggered when the debt level passes the 50% threshold. Slovakia is one of the poorest nations in the euro-zone. It was the last country though to approve the new EFSF powers. It
German Factory Orders Leap by 5.2% – EUR/USD at High End of Range
Germany still enjoys a robust economy. Factory orders jumped by 5.2% and corrected the drop of 4.6% seen last month. Expectations stood on a more modest rise of 0.9%. The original report for last month was a drop of 4.3%. EUR/USD is higher now, at the high end of the 1.3360 – 1.3420 range. This