Dubai Based, MMA Forex Owner Detained on Allegations of Fraud

The Financial Supervisory Service (FSS) has imposed administrative punishment against 150 unlawful foreign exchange transaction cases in the January-June period, up from 119 cases the previous year, according to the financial regulator. Nearly 65 percent of the cases came from foreign direct investment, with 13.3 percent related to loans in foreign currencies and others, the FSS said. The regulator gave warnings to one-third of the cases, imposing fines on 55 other cases and suspending foreign exchange deals on 39 cases. The data came as the government stepped up to uncover illegal foreign exchange transactions as part of a broader effort to clamp down on tax evasion and money laundering that often involve high-profile Koreans in corporate and political spheres. Most of the cases found by the FSS breached the rule by choosing not to report the foreign exchange transaction to the bank, which is required by local forex law. The FSS said it has notified the tax and customs agencies here of 43 suspicious deals in relation to possible tax-dodging.
Source: http://www.globalpost.com/dispatch/news/yonhap-news-agency/130826/illegal-forex-deals-soar-26-pct-h1-regulator

“Someone needed to do something, so in 2005, I created a very small website, where I shared opinions and gave ratings to all forex companies I personally dealt with. Shortly after advertising this website, I started receiving emails from people, asking me to post their reviews.A I obliged, and the site started growing quickly. Eventually I offered my site visitors to give me their email address, so that I could share with them my trading views. At that time, all other forex signal providers charged money for their services, so my website became first in the world to provide free forex trading signals to people.
Source: http://www.bizjournals.com/prnewswire/press_releases/2013/08/23/PH68686

Forex Peace Army CEO Dmitri Chavkerov Warns Against Industry-wide Fraud from Unregulated Brokers and Other Forex Companies

The competition starts on 1st September and is open to all. The Forex Article Contest is creative in nature. You dont need to be a master of trading to take part in the competition. Good quality content is the main focus therefore an interesting Forex-related article is a candidate for participation in the contest. The new competition would suit both theorists and practitioners.
Source: http://www.pr.com/press-release/512121

Forex Profit Matrix System Released with $100 Discount

dropped 13.4% to 394,000 units in July, far worse than market expectations for a 1.4% decline. The dollar weakened earlier though it did take back losses against other currencies as many market participants concluded that the Federal Reserve remains on track to begin winding down the pace of its asset purchases this year, with many convinced tapering will begin in September. The Federal Reserve has said it will pay close attention to data before deciding on the fate of stimulus programs, and many investors were looking ahead to Thursday for the release of second-quarter GDP growth revisions and to next week’s release of the August jobs report. The greenback was down against the pound, with GBP/USD up 0.09% at 1.5582.
Source: http://www.moneycontrol.com/news/rupee/forex-dollar-holds-steady-as-market-shrugs-off-weak-data_940996.html

FXOpen Launches the Forex Article Contest

On his personal Facebook page and on MMA Group pages, Awan continues to plead his innocence. According to his comments, customers will all be paid back once the police end their investigation in 30-50 days. On Facebook, Awan was all business as usual and surprisingly continues to promote MMA Forex to prospective clients along with MMA Groups other businesses. With the case pending to hit the courts, the story is now in the hands of local authorities.
Source: http://forexmagnates.com/dubai-based-mma-forex-owner-detained-on-allegations-of-fraud/

Forex Time named World Finance best newcomer for 2013

The product is already on prelaunch phase and Welsey is giving away free indicators and EAs testing. Wesley convinces people that his system will work for all traders in any financal time by giving away some of the trading methodologies and indicators in the system for free at official website of forex profit matrix at http://www.forex-profit-matrix.com/ . The announcement of the the launch of another forex system from Wesley has already created a huge buzz in the forex industry. Forex Profit Matrix unlike other systems, is a pack of 6 DVDs with videos to train you on basic to advanced currency trading, teaching you how to effectively trade using a new method discovered by Wesley, a comprehensive Trading manual, access to online membership area with scheduled webinars and to get help from finest mind in the forex and all delivered to your physical address. The system also includes lifetime 24/7 Support and updates and user can get any help regarding trading and the system.
Source: http://www.sbwire.com/press-releases/forex-profit-matrix-system-released-with-100-discount-314602.htm

Forex – Dollar holds steady as market shrugs off weak data

The World Finance Awards was created in 2007 to identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the business world. Forex Time, which was established by Andrey Dashin, co-founder and shareholder of Alpari, launched on the forex market earlier this year with the aim of providing investors with a fresh and dynamic approach to forex trading. Offering world-class service and product developments which constantly put the trader and the trading experience first, the accolade from the World Finance Awards is the culmination of a highly successful global launch for the brand. As part of the World Finance Awards presentation ceremony, George Stylianou, Chief Marketing Officer at Forex Time, gave an interview to World Finance TV where he explained how Forex Time has achieved such success in the short period of time since the company launched in http://www.etftradingsignals.com February. Forex Time is built on the benchmark of time as a highly valuable commodity, and everything we do is focused on how we can save time for our clients, he said. The senior management team at Forex Time has over 50 years of experience in the forex industry and this experience and expertise is what has helped us to achieve maturity quicker and challenge more established brands. The forex market is considered one of the fastest growing financial markets in the world and holds great future potential, with increasing interest from investors in emerging economies.
Source: http://businessdayonline.com/2013/08/forex-time-named-world-finance-best-newcomer-for-2013-2/

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Stocks close higher. Microsoft surges.

Stocks rose on Wall Street Friday with a big jump in Microsoft lifting the Dow Jones Industrial average.Stocks stumbled at mid-morning after the government reported a plunge in new home sales, then drifted 4-3-13 best stocks to buy? steadily higher in the afternoon. By Steve Rothwell,Associated Press / August 23, 2013 Trader John Santiago, left, and John Liotti work on the floor of the New York Stock Exchange. Stocks have sagged in August on concerns that the Federal Reserve will start to pull back on its economic stimulus. Richard Drew/AP/File The Christian Science Monitor Weekly Digital Edition Microsoft had its biggest gain in four years after CEO Steve Ballmer said he will retire.
Source: http://www.csmonitor.com/Business/Latest-News-Wires/2013/0823/Stocks-close-higher.-Microsoft-surges

U.S. Stocks Rise Amid Plunge in Home Sales, Fed Gathering

The S&P Supercomposite Homebuilding Index sank 3.1 percent, with all 11 members declining. PulteGroup Inc. retreated 1.6 percent to $16.06 and D.R. Horton slid 2.9 percent to $18.73.
Source: http://www.bloomberg.com/news/2013-08-23/u-s-stock-index-futures-little-changed-before-house-data.html

Tech stocks: Pandora shares plunge

The Nasdaq climbed 1.1% to 3,638.71. The highly unusual flash freeze that crippled Nasdaq and blocked trading in Apple, Facebook and other popular stocks did not appear to have been caused by computer hacking, said a federal law enforcement official who did not want to be named because he was not authorized to speak publicly on the episode. Before the opening bell, Bob Greifeld, the CEO of Nasdaq-OMX, told CNBC that he was “deeply disappointed with what happened yesterday,” but defended the exchange’s handling of the long trading delay. He was responding to critics that say the Nasdaq failed to communicate adequately with the public.
Source: http://www.usatoday.com/story/money/markets/2013/08/23/stocks-friday/2690715/

Deere among 10 stocks to watch

23 Company 9 StockScouter beats the market Here at MSN Money, we think our StockScouter rating system is about as good as it gets when you’re trying to decide where to invest. StockScouter looks for stocks whose business fundamentals, price behavior, valuation and stock-ownership characteristics appear to predict a rising price in the future, based on how those factors have influenced stock prices in the past. The system assigns each stock an expected six-month return and balances that return against the stock’s expected volatility. Scouter rates stocks on a scale of 1 to 10, and ratings can change daily. Ratings and data in the chart above were current as of this article’s publication date. In addition to the daily top 10 list described above, StockScouter is used by investment research firm Verus Analytics (previously known as the quantitative business unit of Gradient Analytics) to generate a monthly benchmark portfolio of stocks that, refreshed monthly, has outperformed the market since its inception in August 2001.
Source: http://money.msn.com/stock-broker-guided/deere-among-10-stocks-to-watch

Stocks end up; glitch-free day for Nasdaq

13, 2013, file photo, Trader Frederick Reimer works on the floor of the New York Stock Exchange. Encouraging economic figures from Asia and Europe helped stocks advance and broke a six-day losing streak for the Dow Jones industrial average on Thursday, Aug.22, 2013, though trading on the Nasdaq was interrupted by a technical glitch just after midday. Photo: Richard Drew FILE – In this Tuesday, Aug. 13, 2013, file photo, Trader Frederick…
Source: http://www.sfgate.com/news/article/Stocks-end-higher-on-Wall-Street-Microsoft-jumps-4756611.php

Stocks end higher on Wall Street; Microsoft jumps

dollar to buy assets in countries with higher interest rates. As investors started to rethink prospects for U.S. rates the trade started to fall apart , extinguishing funding to bid up Brazilian stocks or the Australian dollar. Everyone was making big bets on emerging-markets fixed-income instruments and local currencies, said Mark Mobius , executive chairman of Franklin Templetons Templeton Emerging Markets Group.
Source: http://www.marketwatch.com/story/carry-trade-unwind-could-spell-trouble-for-stocks-2013-08-23

Carry-trade unwind could spell trouble for stocks

Despite second-quarter results that topped analyst Post to Facebook Tech stocks: Pandora shares plunge on USAToday.com: http://usat.ly/1bZVaaV Incorrect please try again A link has been posted to your Facebook feed. Sent! A link has been sent to your friend’s email address. 1 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Tech stocks: Pandora shares plunge Brett Molina, USA TODAY 7:59 a.m.
Source: http://www.usatoday.com/story/tech/2013/08/23/tech-stocks-pandora/2690891/

GOP Rep: Impeaching Obama ‘would be a dream come true’

Booker said he was humbled by the endorsement. If elected in a special election Oct. 16, “I will go to the Senate to advance our shared vision of a nation where opportunity is available to anyone willing to work for it,” he said. Booker, now Newark’s mayor, faces former Bogota Mayor Steve Lonegan. Lonegan, who stepped down this one as state director of the anti-tax group Americans for Prosperity to run for office, was endorsed Tuesday by Gov.
Source: http://hosted.ap.org/dynamic/stories/N/NJ_NJ_SENATE_OBAMA_NJOL-?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

Sent! A link has been sent to your friend’s email address. 6 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama Obama hits the road on education, the economy David Jackson, USA TODAY 4:27 p.m. EDT August 21, 2013 President Obama will take to the road on a bus tour to promote lowering college costs. President Obama on the bus in 2011.
Source: http://www.usatoday.com/story/news/politics/2013/08/21/obama-bus-trip-new-york-pennsylvania-college-education-costs/2680605/

sounds like someone who should be writing laws. He should fit right in with the rest of the GOP… August 21, 2013 05:34 pm at 5:34 pm | Jeff Brown in Jersey The right wing tried to impeach Bill Clinton on nonsense and the entire world watched as our dirty laundry was put out for all to see. These fools don’t care about the US. They just HATE “liberals” and people who aren’t wealthy donors.
Source: http://politicalticker.blogs.cnn.com/2013/08/21/gop-rep-impeaching-obama-would-be-a-dream-come-true/

Maine governor denies saying Obama ‘hates white people’

Tim Kaine (D-Va.) said he was deeply troubled by the ongoing violence in Egypt. I understand the complexities and depth of our relationship with Egypt, especially with regard to our assistance package, Kaine said in a statement. Today I am calling on the U.S. government to immediately cease all assistance to the Egyptian government as we conduct a thorough policy review. Sen. Pat Toomey (R-Pa.) called the situation in Egypt disturbing. We should stop giving foreign aid to Egypt and its military unless the country moves toward an inclusive democratic system. American taxpayers should not contribute to a military that slaughters civilians in the street, Toomey said in a statement. Meanwhile, Rep. Steve Stockman (R-Texas) insisted that cutting off aid to Egypt would pose a threat to Israel, Saudi Arabia and other allies in the region.
Source: http://www.latimes.com/world/worldnow/la-fg-wn-egypt-obama-aid-20130820,0,3527471.story

Obama administration says aid to Egypt is under review, not on hold

I never heard anybody mention it.” LePage’s reported comment about Obama marks the latest in a string of off-color remarks by the first-term governor, who plans to run for re-election next year. Earlier this month, LePage joked that he wanted to blow up the headquarters of the Press Herald. According to the Sunlight Foundation , the paper’s majority owner is Donald Sussman, a billionaire manager of boutique hedge funds and a major political donor to Democratic super PACs in 2012, as well as other Democratic campaigns over the years. Sussman is married to Rep. Chellie Pingree, D-Maine.
Source: http://politicalticker.blogs.cnn.com/2013/08/20/maine-governor-obama-hates-white-people-reports-say/

Handbags and Champagne: Japan’s Young Forex Divas Make Their Mark

The index has shed 1 percent this week as some trimmed favourable bets on the dollar as U.S. bond yields eased. U.S. 10-year Treasury yields remain below the highs above 2.70 percent seen before last week’s U.S. payrolls data and the spread between similarly-dated German and Japanese bonds have narrowed in the past few days. That has prompted investors to trim long dollar positions.
Source: http://uk.reuters.com/article/2013/08/09/markets-forex-idUKL6N0GA2N920130809

The greenback later bounced back on position squaring, however, after running into bids near the 96.00 yen level. “The dollar is starting to show some firmness on the downside, at levels below 96.00 yen,” said a trader for a Japanese bank in Singapore. Market players said the near-term outlook for the dollar against the yen will hinge on U.S. economic data due this week, such as retail sales coming up on Tuesday, as well as moves in Tokyo share prices. The yen could be headed for further gains if Tokyo shares continue to weaken after the disappointing GDP data, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.
Source: http://www.reuters.com/article/2013/08/12/markets-forex-idUSL4N0GD0SH20130812

Forex Strategy: Waiting to Get Long AUD/USD

The past period showed a 1.2 percent growth. This is the third consecutive month of positive data. Also at the same time Japanas Q2 Preliminary GDP Price Index y/y fell by 0.3 percent, compared to the forecasted 0.7 percent drop and the prior 1.1 percent decline. Japanas Revised Industrial Production m/m report was released at 05.30 BST, showing a 3.1 percent decrease, matching expectations. Japanas Prelim Machine Tool Orders y/y came out at 07.03 BST, revealing a 12.1 percent decrease in July, compared to the prior 12.4 percent fall.
Source: http://invezz.com/news/forex/4721-Forex-Daily-outlook-Swiss-retail-sales-expected-to-rise-in-June

Forex: Daily outlook: Swiss http://www.etftradingsignals.com retail sales expected to rise in June

Let’s compare the Telecom stock trade example above with a similar value trade in the forex market on NZDUSD. The total trade value for 10,000 shares at $2.29 was just shy of NZD$23,000 worth of stock. We can take a NZD$23,000 position on NZDUSD which gives us the same dollar value for a fair comparison. Let’s say the kiwi is trading at 0.7834/0.7837 – a 3 pip spread.
Source: http://www.nzherald.co.nz/sharemarket/news/article.cfm?c_id=316&objectid=10910547

What does it cost to trade Forex?

You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions Any trades, opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Capital3x will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Capital3x have taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
Source: http://www.fxstreet.com/analysis/intermarket-analysis-and-trading/2013/08/12/

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Source: http://finance.yahoo.com/news/forex-strategy-waiting-long-aud-123000561.html