In this article I will be looking at the tactics the scammers use in-order to trick the inexperienced newbies to lure them to send money to them. Take note that forex industry has nothing to do with scammers, and they should not be associated or referred as ‘forex scammers’. These people just claim to be expert traders and account managers to make you believe they are your ticket to becoming rich quickly. Therefore I urge those who are new and interested to start trading to take note of the following…
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China moves forward with its De-Dollarization strategy
Submitted by Stefan Gleason via The Mises Institute, The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world trade? Over time, it certainly could. But the more immediate implications for gold’s monetary role center on its increasing accumulation by central banks such as China’s. As of October 1st, the Chinese yuan has…
Read More“Pounded” – How Not To Manage A Fiat Currency
Submitted by Alasdair Macleod via GoldMoney.com, Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps intellectual arrogance on the part of the Bank of England’s Monetary Policy Committee. The MPC in turn is not and cannot be independent from the influence of Mark Carney, the Bank’s Governor, who made…
Read MoreWhat The Fed Hasn’t Fixed (And Actually Made Worse)
Submitted by Charles Hugh-Smith via OfTwoMinds blog, The Fed has not only failed to fix what's broken in the U.S. economy–it has actively made those problems worse. The Federal Reserve claims its monetary interventions saved America from economic ruin in 2009, and have bolstered growth ever since. Don't hurt yourself patting your own backs, Fed governors past and present: it's bad enough that the Fed can't fix the economy's real problems–its policies actively make them worse. After seven long years of politicos and the financial media glorifying the Federal Reserve's…
Read MoreIs The Donald A Dollar Risk?
The U.S. dollar will weaken sharply if Donald Trump wins the presidential election in November, according to Bloomberg's Mark Cudmore. But it’s less clear if the sell-off has legs beyond his potential inauguration in January. Given some of the pronouncements made during his campaign to date, markets will rightly be concerned about the direction of Trump’s policy. But, without taking a view on whether he actually intends to preside as indicated, the reality is that he’ll be severely constrained in his ability to dictate policy. Recent polls show that a…
Read MoreIn 50 Years This Has Never Failed To Trigger A Bear Market
Authored by Jesse Felder of TheFelderReport.com,
It’s earnings season once again and it looks as if, as a group, corporate America still can’t find the end of its earnings decline since profits peaked over a year ago. What’s more analysts, renowned for their Pollyannish expectations, can’t seem to find it, either.
So I thought it might be interesting to look at what the stock market has done in the past during earnings recessions comparable to the current one. And it’s pretty eye-opening. Over the past half-century, we have never seen a decline in earnings of this magnitude without at least a 20% fall in stock prices, a hurdle many use to define a bear market.
In other words, buying the new highs in the S&P 500 today means you believe “this time is different.” It could turn out that way but history shows that sort of thinking to be very dangerous to your financial wellbeing.
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Bank Of Japan Shocks Market, Shuns Government Pressure: Leaves QE, Rates Unchanged, Questions Policy Effectiveness
Expectations were extremely high heading into tonight's BoJ decision, and market liquidity disappeared with massive violent swings in FX, rates, and equity markets before Kuroda unleashed his disappointing statement: *BANK OF JAPAN TAKES ADDITIONAL ACTION *BOJ EXPANDS PURCHASES OF ETFS TO 6T YEN *BOJ DOUBLES USD LENDING PROGRAM TO $24B But… *BOJ MAINTAINS POLICY BALANCE RATE AT MINUS 0.100% *BOJ BOARD VOTES 7-2 TO KEEP NEG RATE UNCHANGED *BOJ MAINTAINS MONETARY BASE TARGET AT 80T YEN Finally, details are emerging of the stimulus package, NHK reporting: ~7.5t yen of fiscal…
Read MoreThe Fed Is Preparing For Negative Rates – Here’s The Sign Everyone Missed
Submitted by John Mauldin via MauldinEconomics.com, I think it’s possible that the Fed will push rates below zero when the next recession arrives. I explained why a few months ago in my free weekly column, Thoughts from the Frontline, at Mauldin Economics. In that regard, something important happened recently. And not many people noticed. I’ll do a quick review to explain. In Congressional testimony last February, a member of Congress asked Janet Yellen if the Fed had legal authority to use negative interest rates. Her answer was this: In the spirit…
Read MoreWhat investors need to know about USA’s FOREX rules
US lawmakers dropped a nuclear bomb on the Forex industry called “Dodd-Frank” which implemented a series of rules and regulations that killed all life in the budding Forex industry, in USA. We explain this is detail in Splitting Pennies – Understanding Forex; the rules are widely misunderstood, and widely catastrophic for trading Forex. You can read more about this massive legislation here, in summary. A summary of the rules, that impact Forex traders: 50:1 leverage, no cross netting (meaning, if you are long EUR/USD and long USD/CHF, it eats into…
Read More3 Things Stock Investors Need To Know About Fx
The stock market cap in the United States is about $22 Trillion. The amount of money in Managed Currency strategies is unknown, but it’s very small, even by CTA standards. According to data based on CTAs listed with Barclay Hedge, there’s about 19 Billion in Currency Strategies. That’s a lot of money, but not a drop in the bucket when compared with equities. And remember that although money in equities isn’t all ‘managed’ – all money in equities is an investment of some kind – because people don’t need equities…
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