Home
entries friends calendar user info
journalsigmafx

Advertisement

Add to Memories
Tell a Friend

Trade Desk Thoughts
U.K. GfK Consumer Confidence


U.K. GfK Consumer Confidence Actual -36, Expected -41, Previous -39
Release Explanation: This is a survey that queries economic participants on their current and future expectations for the UK economy. The figure is released at the start of each month, making consumer confidence a timely measure of consumer sentiment now and in the immediate future.


It helps to build a picture of the consumer’s mood towards the economy.
Trade Desk Thoughts: There has been a small improvement in the GfK consumer confidence reading from -39 to -36. This release is still 32 points lower than it was in August of 2007. This improvement can be attributed to several causes including lower commodity prices and a feeling from consumers that it just cannot get any worse.


Forex Technical Reaction: The sterling has lost approximately 15 pips since the release and is trading below the neutral pivot point.

Tags: , , , , , , , , , , , , , , , , , ,

Add to Memories
Tell a Friend

Trade Desk Thoughts
Japanese Overall Household Spending


Japanese Overall Household Spending Actual -0.5%, Expected -1.8%, Previous -1.8%
Release Explanation: The overall household spending report measures the total amount spent by households on goods and services in Japan. A rising trend tends to have a positive influence on a nations currency because consumer spending is a major part of the overall health of the economy.
Trade Desk Thoughts: Household spending fell 0.5 percent from the previous year. This is the fifth monthly decline as households budgets are tightened in the face of a recession.
Forex Technical Reaction: The yen is currently entangled in its 20 day SMA as it has been for the past seven trading days. The pair has also failed to break above R1 or below S1 for the past four days.

Tags: , , , , , , , ,

Add to Memories
Tell a Friend

Greenback Gains As US Q2 GDP Tops Estimates


The dollar rose against most of its rivals Thursday on higher-than expected US Q2 GDP revisions and falling oil prices. The euro reversed overnight gains on declining oil prices. Sterling fell against the dollar and approached a record low against the euro as the UK economic outlook continued to deteriorate. The Canadian dollar fell in tandem with oil prices after the Energy Department said it is ready to release oil from the Strategic Petroleum Reserve if supplies are reduced by tropical storm Gustav. The yen declined as US stocks rose for a third day. The Australian dollar rose after Australia's Q2 business investment increased almost three times as much as forecast.
The GBP/USD dropped after reports showed UK house prices fell for a tenth consecutive month and retail sales fell to the lowest since 1983. Pressured by both diminishing growth and interest rate expectations, the GBP/USD is on tap for a six consecutive weekly decline. Oversold on all measures, the pound, however, will likely continue to fall. Support exists at 1.81 and resistance at 1.85.

Tags: , , , , ,

Add to Memories
Tell a Friend


 

FSA's headquarters, 25 The North Collonade, Ca...

The difference Between NFA (National Future Association) And FSA (Financial Services Authority)

NFA [National Future Association]:
To Be Able To Register in NFA you must have the following:
    • You Brokerage Firm Based in United State
    • Working in Futures
These two rules are basically must be there to be able to regulate with NFA

FSA [Financial Services Authority]:
To be able to register with The FSA your brokerage firm must be exist & based in United Kingdom

Question: I have a brokerage Firm in United Kingdom. Can I register with NFA?
Answer: No You Can't. But If you have branches in USA you can do it

Question:
I have a brokerage Firm in USA. Can I register with FSA?
Answer: No You Can't

Tags: , , , , , , , , , , ,

Add to Memories
Tell a Friend


 

Difference Between Regulated And Complying

The Most Common Question that traders ask brokers is:
Seal of the United States Commodity Futures Tr...

"Are You Regulated by NFA?"
"Are You Regulated by FSA?"
"Are You Regulated by CFTC?"
"Are You Regulated by SEC?"
"Are You Regulated by SIPC?"
"Are You Regulated by FINRA?"
"Are You Regulated by Mr.X?" :)

No, Don't Ask this question because there are many fictions regulations. Don't Be The Fish!
The Right Action to take is to compare between the rules and restrictions of the regulatory associations and the rules that the broker follow.

Complying With FSA means that this broker working in the regulation process and follow all the rules that the regulatory body has.

Regulated By FSA means that this broker already regulated by FSA & may Follow the rules.

Why?
NFA, FSA, CFTC, SIPC, SEC, .....etc all of these associations are private sectors in the origin. The Main Aim is to Collect as much brokers as they can to increase from their popularity beside the governmental associations
Do You Know that FSA, NFA or others charge Millions Of Dollars to authorize the regulation of brokers. All these money are distributed as following;
1- Part For The Tax Authority
2- Part For The Private Sector
3- Part For Governmental Sector
Some Brokers Play with these rules after paying all of these parts and it's time for scamming.

Don't Take Your Decision After The 1st Impression
Test The Services
Test The Trust
Test The Security
Test The Attitude
Test The Credibility
Test The History
Test The Quality
Test The Speed
Compare With Others
The Take Your Decision!

Tags: , , , , , , , , ,

Add to Memories
Tell a Friend



SigmaForex LTD is leading European professional online trading Brokers registered in the United Kingdom and most of the EU countries.

What is meaning by registered?

Registered means that there is a company called SigmaForex LTD inside united kingdom & registered by United Kingdom Law & follow the governmental rules.

SigmaForex LTD registered & follows the governmental rules in United Kingdom and anyone can check that by visiting this official website: http://wck2.companieshouse.gov.uk/ this is a UK governmental website.

http://wck2.companieshouse.gov.uk/d8846c7fe805874be7c646b1ed4f10ce/companysearch?disp=1&frfsh=1216759237#result this is the full link where you can find SigmaForex LTD with the registration number.

SigmaForex LTD Regulations:

SigmaForex LTD working now to be regulated with FSA (United Kingdom Financial Service Authority) but now SigmaForex LTD is complying with FSA and many financial authorities like NFA, CFTC, FSC and others.

Why SigmaForex LTD not working in the regulation of NFA?

Most of Traders ask this question and it's a common question for any broker. Here's the answer; NFA (National Future Association) regulate the Financial Companies that based in United State and have Future Trading. SigmaForex LTD not inside United State and doesn't has Future Trading. But NFA rules are compatible with the rules that SigmaForex are following and you can check with your self.

Complying: Means that this company follows the rules 100% and meet their regulatory obligations efficiently.

Dear Trader, you must be involved and know the difference between FSA and NFA. Many Forex Brokers inside united State not regulated by NFA because they don't work with Future Trading but they are complying with them & follow the same rules as the Forex broker that regulated with NFA.

Tags: , , , , , ,

Add to Memories
Tell a Friend

Question: Is SigmaForex Partner with FXCM?

Question: Is SigmaForex Partner with North Finance?

Question: Is SigmaForex Partner With Interbankfx?

Answer: For Sure SigmaForex is an independent broker.

Question: Why I see in the statement of SigmaForex Another broker.

Answer: Because you don't follow the instructions of Meta Trader 4

Question: What are these instructions?

Answer: 1st You have to make sure that your new installation is separated from the other installations that already exist.

Question: Please, open a channel of understanding for me

Answer: Tell You What?!

Look there is a problem in Meta Trader which is that most of brokers are using it as a trading station. Also most of traders are using it without any suffer because it's so easy & so simple while trading.

But because most of brokers are using it so you may find a conflict inside your Meta trader & another Meta Trader for a different broker inside our PC.

For Example: SigmaForex & North finance: the both are different brokers

After installing Meta Trader of SigmaForex & After Installing the Meta Trader of North Finance I found SigmaForex-Demo inside North Finance Meta Trader 4! I thought they are related to each others but the truth is that they are different independent brokers, but while installing one of them a file has been transferred from one Meta Trader to the other.

Open C:\Program Files\MetaTrader - SigmaForex\config

Open C:\Program Files\FxPro MetaTrader\config

You Will find SigmaForex.srv

Tags: , , , , , , , , , , , , , , , , ,

Add to Memories
Tell a Friend



As you know that MetaTrader4 used widely among brokers because it is so simple in use & more easy for new traders in Forex market.

There are many advantages for this Forex Software but as we know that there is no advantages without disadvantages; so, one of the most disadvantages in Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SGB (Swiss Global Broker) also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\Swiss Global Broker\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

Tags: , , , , , , , , , , , , , , , , ,

Add to Memories
Tell a Friend



Let's Do It Again Using SigmaForex and FXCM (Forex Capital Market)

MetaTrader4 is mostly used among brokers because it is so simple in use & easier for new traders in Forex market, and more accurate.

There are many advantages for this Forex Software but as we know that there is no perfectness without drawbacks; so, one of the most known drawbacks of Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SigmaForex also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\MetaTrader - SigmaForex\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

Tags: , , , , , , , , , , , , , , , , ,

Add to Memories
Tell a Friend
US GDP Surges Higher Taking Greenback For The Ride

U.S. Dollar Trading (USD) traded near week lows as Oil surged above $120 a barrel on Hurricane Gustav fears, pre US data. US GDP Data took the markets by surprise with a staggering 3.3% Q2 y/y rate. Forecasts had called for a solid 2.7% up from 1.9% in Q1. Government stimulus and surging exports were the main causes for the unexpected bounce which resulted in strong US stocks and Dollar. Oil fell off highs but markets are wary of another rally as Gustav approaches. Weekly Jobless Claims dropped to 425K from 435K previously. In the U.S. share markets, the NASDAQ was up 29 points (1.22%) and the Dow Jones was up 212 points (1.85%). Crude Oil closed up $-2.56 ending the New York session at $115.59 per barrel. Looking ahead, July Core PCE is forecast at 0.3% along with Consumption at 0.2%. Also released is the August Chicago PMI seen slightly lower at 50 from 50.8 previously and the August Michigan consumer confidence expected to rise slightly to 62.
 

The Euro (EUR) was able to test the topside twice as Euro data supported and Oil rallied. US GDP was able to subdue the Euro rally as Oil reveresed and Dollar rallied. German Unemployment dropped by 40K much more than the 10K expected. Overall the EUR/USD traded with a low of 1.4671 and a high of 1.4812 before closing the day at 1.4705 in the New York session. Looking ahead, Eurozone August CPI is seen slightly lower at 3.9% from 4.0% in July. Also released the July Unemployment rate forecast to remain at 7.3% and August Consumer Confidence is forecast at -20.

 

Tags: , , , , , , , , , , , , , , , , ,

profile
Name: journalsigmafx
calendar
Back August 2008
12
3456789
10111213141516
17181920212223
24252627282930
31
page summary
tags

Advertisement

Customize