Check out this article from Bloomberg: "Global Currency Trading Will Grow to $10 Trillion a Day by 2020, UBS Says" http://www.bloomberg.com/news/2010-1...-ubs-says.html
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DislikedCheck out this article from Bloomberg: "Global Currency Trading Will Grow to $10 Trillion a Day by 2020, UBS Says" http://www.bloomberg.com/news/2010-1...-ubs-says.htmlIgnored
DislikedMan, that's insane... but I like it.
Cannot imagine governments allowing this to continue unchecked without some draconian capital controls. Hope I'm wrongIgnored
"Check writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme. Public debt, actually, has always had a Ponzi-like characteristic. http://www.pimco.com/Pages/RunTurkeyRun.aspx"
http://media.dailyfx.com/illustratio..._IC_Screen.png
Bank of Japan Rate Decision – Oct 5–
There is little chance that the BoJ changes their interest rate, but markets will be watching their policy decision to see if the central bank undertakes additional quantitative easing. After their failed intervention attempts, buying bonds may be the last bullet in their gun to stem Yen appreciation. Policy makers continue to express concern over the impact on the economy from the local currency’s strength, increasing the likelihood that they will take action. Traders should be careful when perusing the headlines as an extension of the current program is an option, but will fail to have the same impact as a new round of purchases. Regardless, the central bank’s actions may not be enough to trigger a larger reversal, if global growth concerns continue to emerge.
RBA Rate Decision – Oct 5– 00:30 GMT
Economists are predicting that the RBA will raise rates by another 25 bps at their upcoming policy meeting as recent rhetoric from the central bank has shown their concern over falling behind the inflation curve. Price growth accelerated to 3.2% in September (above their 2-3% target range), and with the economy adding another 30,900 jobs in August more upward pressure on prices is expected. However, signs are emerging that the global and domestic economies are starting to flatten which could leave the MPC on the sidelines. A rise in the target rate to 4.75% should provide initial Aussie support, but if Governor Stevens hints that it is a one off event and not the beginning of a second tightening cycle, a larger reversal could follow. Join a DailyFX analyst for livecoverage of event.
Australian Employment Change (SEP) – Oct 7 – 00:30 GMT
The Australian employment change report coming on the heels of the RBA policy meeting may draw little interest if policy makers outline a clear path for interest rates. An ambivalent central bank could turn the focus to the strength of the labor market and its potential contribution to inflation. Strong job growth would support further tightening as policy makers look to stay ahead of the inflation curve. Conversely, signs that hiring is slowing could darken the outlook for yields, potentially weighing on the com-dollar. Join a DailyFX analyst for live coverage of event.
BoE Rate Decision – Oct 7 – 11:00 GMT
The Bank of England is expected to leave their benchmark rate and asset purchase program on hold following their upcoming policy meeting. Recent rhetoric from MPC member Adam Posen who stated that there is a “clear” argument for additional stimulus, will bring some anxiety ahead of the announcement, as new quantitative easing measures from the central bank could sink the pound. Policy makers will most likely need to coordinate any action with those that are already under way by the new government, decreasing the odds that we will see such an undertaking in the short-term. Inflation remaining above the 3.0% threshold will also make it formidable for the BoE, furthering the case that they will stand idle. The pound is starting to find support as the argument for non-action strengthens, which may firm following a quiet announcement. Join a DailyFX analyst for live coverage of event.
U.S. Non-farm Payroll (SEP) – Oct 8 – 12:30 GMT
The U.S. economy saw no change in employment in September according to economists polled by Bloomberg. Private sector job creation is expected to have been offset by losses by federal and local governments. Recent public sector layoffs have been attributed to the Census, making continued weakness a concern. If state and local hiring is suffering due to the absence of government stimulus then we could see a jobless recovery come to fruition. A struggling labor market will add to the building case for additional QE from the Fed, potentially continuing current bearish dollar momentum. A bullish case could be made on the private sector’s ability to add jobs, as markets may start to price out any action from the central bank. Join a DailyFX analyst for live coverage of event.
DislikedHi Jason,
Is there anyway to adjust vertical grid lines for trading station so that space between ( or candles between) them represent 1 day when switched to 30mins candle? This is default in MT4.
cheersIgnored
http://img812.imageshack.us/img812/4...nuteschart.png
http://img812.imageshack.us/img812/4...usd1122010.png
The U.S. dollar may depreciate 20 percent in the next few years following easing measures by the Federal Reserve, Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said in an interview with Reuters.
.....Americans should consider getting out of dollar-based assets and seek higher returns in emerging markets, Gross told Reuters.
http://www.bloomberg.com/news/2010-1...s-reports.html
DislikedThere is not unfortunately.
I opened a demo on MT4, but I'm not see the grid encompass one day's worth of candles when I have it set to a 30 minute candlestick chart. The grid size looks to be constant when switching timeframes. Is this setting somewhere in the options? If I can see how it's working, maybe I can suggest it for Marketscope. Below is a copy of the chart I'm viewing if you would like to post a copy also of yours so I can see what it looks like.-JasonIgnored
DislikedIf you right click on your MT4 chart and turn off the grid option, then right click again and check the Period Separator you see the vertical lines.Ignored
DislikedThanks Slack
I'll see if the programming team can throw something together for Marketscope along the same lines.Ignored
DislikedHi Jason,
One more query :-)
This http://www.fxcm.co.uk/compare-forex-platforms.jsp URL compares all the FXCM platforms. This shows that both CFDs and FX are supported on MT4 platform. While when I click "Try it Now" for MT4, there is a following message just below the image of the MT4 terminal
*Download MetaTrader 4 even if you have it on your computer.
Only spot FX can be traded on this MT4 platform with FXCM.
Can you please advise.
cheersIgnored
http://img816.imageshack.us/img816/9...01043929pm.png
DislikedThanks for letting me know about this. I checked with our MT4 team and the sentence "Only spot FX can be traded on this MT4 platform with FXCM." is an error. CFD's are available on the MT4 platform when the account is opened through FXCM UK.
We will have the error corrected!
-JasonIgnored
DislikedThanks Jason, appreciate you checking with the team.
Does this apply to demo accounts as well? I created demo account with FXCM UK MT4 to test drive and I was not able to get all CFDs ( except S&P). Is there anyway to add these under "New Chart" menu item?
cheers againIgnored
DislikedNow that FOMC is over and done with, take a look at the big dollar picture by looking at the USD Index chart below. We're testing the lows made last month. If this level doesn't hold, the dollar could very well drop down to 75.000.
So be aware of the potential for a larger dollar sell-off...Ignored
http://img89.imageshack.us/img89/333...01085432am.png
Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.
Source: http://www.washingtonpost.com/wp-dyn...110307372.html
US30 (tracks the Dow)
http://img203.imageshack.us/img203/3...10111309am.png
AUS200 (tracks the S&P/ASX index of Australian listed shares)
http://img51.imageshack.us/img51/378...10111358am.png
DislikedYes, it applies to the demo accounts as well. You may have to add the symbols to the market watch window. Try this. Right click anywhere over the Market Watch window, and in the menu that appears, click on "Show All". That should add all of the available currency pairs and CFD's to the list. Below is a screenshot of the menu and where to find Show All. Let me know if that works.
Ignored