Hi SimpleTrades, While I'm not authorized to comment on our stock, you can keep up to date with the latest financials and statements on our Investor Relations website.
CORRECTION to previously listed holiday trading hours: ANZAC Day will not have any impact on AUS200 trading hours.
Every year brings new regulations, so we've got together with Green & Company Inc. for an exclusive webinar on Forex Tax Treatment on Thursday, April 9th at 4:15pm New York Time. Join Robert A. Green, CEO of Green & Company, Inc. and forex tax expert, as he prepares you for your income tax returns. Topics will Include: Income tax returns on spot, forward and OTC options Section 988 ordinary gain or loss treatment How to qualify for lower Section 1256(g) 60/40 capital gains rates And much more This webinar is a key step in your preparation before filing your taxes. Ensure you get the most out of your tax preparation. Space is limited, so register today. A recording of the webinar will be available for a cost of $9.95 to GreenTraderTax.com
Please note there is a holiday in the US on Monday, May 30th for Memorial Day. You can see our holiday trading hours for CFD's here: http://bit.ly/1MF8d2l Forex trading hours remain unchanged, and you can view the holiday rollover interest schedule here: http://bit.ly/20Hpj6s I will be out of the office until Tuesday, May 31st and will respond to your forum posts and private messages when I return. Have a great weekend!
Watch Retail Sentiment on British Pound into Brexit Vote Quantitative strategist David Rodriguez had the following to say about the British Pound in his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com: "Retail FX traders have bought aggressively into the British Pound’s recent slide versus the US Dollar, and a contrarian view of ‘crowd’ positioning acts as signal the GBP/USD may continue lower. Our data shows traders remained net-long GBP/USD as it fell from $1.53 to lows near $1.38, but more recently we have seen periods in which traders turned net-short. "If we nonetheless see a continued shift towards buying—much as we have this week—our sentiment indicator will keep us firmly in favor of selling the GBP/USD. It will be critical to watch Sterling price action headed into the highly-anticipated UK ‘Brexit’ vote, and we expect the GBP may remain volatile in the weeks ahead." The DailyFX research team can help you to navigate the ongoing Brexit volatility in a unique series of webinars ending with a rally in the final week. What would a Brexit mean for the UK economy, assessing both the short and long term impacts? How will the decision affect traders across multiple markets? How will the Pound react? To hear their insights and analyses on the impact of this vote, you can sign up for the free webinar series.
Beta Test FXCM's New Web-based Platform! Hi Everyone, We're currently developing a new trading platform, and I invite you to join our beta testing group. While this new platform offers charting and trading functionality on par with Trading Station Desktop, it's web-based. That means it requires no downloading and works on all computers including Macs to offer you convenience and greater accessibility with many bells and whistles. For example, we're integrating unique features into the platform like our economic calendar, videos, and news feeds with more to come! WE WANT YOUR FEEDBACK! Tell us what you want in the platform as part of your everyday trading experience. Gathering valuable feedback on your initial reaction and level of satisfaction for the platform will help us identify areas that need improvement. Beta testing the platform is easy. Log in using your existing account credentials at https://www-beta.fxcorporate.com/ Use the platform as you normally would. NOTE: Beta testing is only available on demo accounts. Make the platform "your own". Move things around, use any features you want, etc. Provide your feedback, suggestions, bugs or errors via email to beta@fxcm.com We're very excited about this platform and look forward to your feedback and comments. In appreciation for your time, we'll give you $300 free credit to spend in the FXCM App Store. Once we receive your feedback, we'll send you a promotional code to use at FXCMapps.com. It's that simple. Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. Also, please let me know if you have any questions. Thanks, Jason
Traders trying to pick bottom suggest GBP could drop further Global markets were shocked by the UK's vote to leave the EU in yesterday's referendum. The British pound (GBP) dropped from a session high of 1.50197 to a session low of 1.32263, and is currently trading around 1.38 at the time of this post versus the US dollar (USD). However, the latest readings from our Historical SSI indicator* show retail traders are back to buying the pound with more than half of retail positions (68.74%) long GBP/USD. That's close to the pre-Brexit high of 70.87% long positions. * The Historical SSI indicator charts readings from our Speculative Sentiment Index in real time. SSI is a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that GBP/USD may continue lower.
FXCM Updates Margin Requirements Post British Referendum Hi Everyone, We have begun to reduce margin requirements on select instruments back to pre-British referendum levels and will continue to do so gradually based on market conditions. For the most up-to-date margin requirements that apply to your account, please look at the minimum margin requirement (MMR) column of the Simple Dealing Rates window on your Trading Station. If you use Mirror Trader, MT4 or NinjaTrader, your account login details will give you access to all three versions of Trading Station (desktop, web and mobile) to check your MMR. Your exact MMR will depend on your trading entity (FXCM US, UK or Australia), account denomination (USD, GBP, AUD, etc.) and whether you have a Mini or Standard account. The screenshot above is from my Standard US dollar-denominated FXCM US account. My MMR for GBP/USD is 96.00, which means I have to set aside $96 as used margin (Usd Mr) for each micro lot (1K) position I have open. Carefully consider how margin changes may impact your open positions and resting orders. Please Note: In case market conditions become very volatile, we could raise margin requirements further. Please monitor your usable margin (Usbl Mr) closely, making sure it stays above zero. We recommend a usable margin that's at least 80% of your account equity (usable margin plus used margin). Remember that forex trading can result in losses that could exceed your deposited funds and therefore may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Please note there is a holiday in the US on Monday, July 4th for Independence Day. You can see our holiday trading hours for CFD's here: Holiday Trading Hours | CFDtrading.com Forex trading hours remain unchanged, and you can view the holiday rollover interest schedule here: Forex Rollover Calendar | DailyFX.com I will be out of the office until Tuesday, July 5th and will respond to your forum posts and private messages when I return. Have a great weekend!
Gold Prices Channel Ahead of FOMC GOLD, 4-Hour Chart Charts and analysis from Walker England of DailyFX.com "It should be noted that the first bearish historical distribution currently resides at $1,318.00. The Grid Sight Index found that prices declined $2.00 or more in just 23% of the matching 833 historical matching events. A move through this value would suggest new bearish momentum emerging for Gold prices. Ultimately, if prices continue to trade lower, traders may begin to focus on the channel low near $1,300.00." Gold 5 Minute GSI Chart Past performance is not necessarily indicative of future results.