EL ALCANCE GLOBAL DE FOREXTIME COMIENZA CON SU PRIMERA PARTICIPACIÓN EN LA MONEY FAIR DE SHANGHÁI

El bróker internacional de Forex online, ForexTime, ha dado una muestra definitiva de su potente crecimiento y de sus ambiciosos planes de desarrollo con su participación en la XI Money Fair de Shanghái, el evento más importante del sector de las finanzas personales y corporativas en China.

ForexTime tiene la intención de establecer una oficina local con el fin de ofrecer formación y apoyo especializado a los operadores chinos, acentuando los beneficios de ForexTime, que incluyen, desde agosto de 2013, una página web disponible en chino mandarín. De esta manera, el bróker de divisas reconoce el enorme potencial del mercado chino y su propia capacidad de ofrecer propuestas de valor únicas y personalizadas que complementan las necesidades del mercado.

Esto supone un paso más en la expansión global de la compañía tras establecerse en otros mercados internacionales como España, donde FXTM comenzó a ofrecer sus servicios en castellano a través de su página web en julio de este año.

A la vanguardia en el mundo de las finanzas, China es una de las economías más grandes y fuertes del mundo y la mayor potencia de trading: el 12% de todas las operaciones a nivel mundial se realizan en colaboración con el país. Con un crecimiento económico superior al 7,5%, el de Renminbi chino o Yuan, es la novena divisa con la que más se opera en el mundo, constituyendo un 2,2% de las operaciones a nivel mundial.

Olga Rybalkina, CEO de ForexTime, ha explicado: “No es de extrañar que los traders chinos estén buscando nuevas oportunidades de inversión atractivas. Mientras la riqueza económica de China continúa creciendo, vemos como cada vez más inversores chinos recurren a activos alternativos, como los que ofrece el mercado forex, para gestionar su patrimonio personal. Esta es la razón principal de la creciente popularidad de la Feria de Shanghái, pues se trata de una excelente ocasión para que los chinos exploren las diferentes oportunidades de inversión disponibles.”

ForexTime se fundó en 2012 con el objetivo de ofrecer soluciones innovadoras basadas en la transparencia y la seguridad, y con el compromiso de proporcionar la formación y los conocimientos necesarios a sus clientes a través de las herramientas y la preparación necesarias para optimizar su experiencia. ForexTime trabaja con los bancos más importantes, invierte en el desarrollo continuo y trabaja sin descanso para satisfacer las necesidades de los clientes a nivel local. Ahora ha decidido centrarse en China y está planeando dar sus primeros pasos en este mercado.

“Aunque conlleva cierto nivel de riesgo, el mercado forex ha demostrado ser una buena alternativa a las operaciones en bolsa, pues ofrece oportunidades de inversión con un reducido capital inicial y la posibilidad de conseguir altos rendimientos, lo que resulta muy atractivo para los inversores chinos”, explica Olga Rybalkina. “Nuestros planes para el futuro próximo incluyen tener presencia local para apoyar a nuestros potenciales clientes en China y comprender mejor las necesidades y motivaciones de este mercado y así responderlas adecuadamente. En ForexTime nos centramos en la experiencia del cliente, para nosotros es importante estar cerca de ellos con el fin de obtener información valiosa que nos ayude a adaptar nuestra oferta a sus necesidades.”

La participación de ForexTime en la Money Fair de Shanghái muestra claramente su intención de establecerse en China. Aunque la primera parada es el mercado chino, esto es tan solo el principio del viaje internacional en el que se ha embarcado la compañía.

Para más información visite: http://www.forextime.com/es

Advertencia de riesgo: Existe un alto nivel de riesgo en la realización de operaciones con productos apalancados como Forex y CFD. No debe arriesgar más de lo que pueda permitirse perder; es posible que pierda más que su inversión inicial. No debe realizar operaciones a menos que comprenda plenamente el alcance verdadero de su exposición al riesgo de pérdida. Cuando realice operaciones, siempre debe tener en cuenta su nivel de experiencia. Si los riesgos que conlleva no le quedan claros, solicite un asesoramiento independiente.

The post ForexTime participa en la Money Fair de Shangai appeared first on El Rincón del Inversor.

Eurozone inflation becomes the focus as the market looks for signs of global recovery

The euro endured a tough start to last week with the EUR/USD dipping to fresh lows below the 1.3500 handle in the wake of the mixed data from Germany’s ZEW survey and disappointing Eurozone manufacturing and services PMIs.  The market will be hoping Friday’s Consumer Price Index announcement will be more positive, with analysts predicting a slight rise in inflation.  Generally, a high CPI reading is seen as positive or bullish for the EUR, while a low reading is negative.  If the result is lower than forecast, ECB President Draghi is likely to feel increasing pressure from those countries where deflation is a real issue, such as Spain, Greece and Portugal.  EUR/USD has rebounded since last week to now be trading around 1.3500 with the first resistance point at 1.3558.

Eurozone inflation will also be closely monitored over the other side of the Atlantic with policy makers keen for any indications that the global economy is improving.  Last week the US dollar enjoyed significant gains against the yen and all the commodity currencies, but couldn’t beat the euro and the pound.  The US Consumer Price Index came out slightly below expectation at 0.1% compared to the expected 0.0% which caused the USD/JPY to jump back above the 100.00 mark last Wednesday, November 20th.  This week’s Consumer Confidence on Tuesday will be closely watched, with a small rise from 71.2 to 72.5 forecast and expected to boost USD strength further.

The major focus for the US continues to be the ever present question of when the Federal Reserve will announce a tapering in their $85bn asset purchasing program.  Last week’s minutes from the Fed’s rate-setting committee, the FOMC, revealed little change in the economic outlook since September and the single currency is maintaining composure after the release of the FOMC minutes, with the EUR/USD hovering over lows near 1.3430.  Given that Fed Chairman Ben Bernanke has repeatedly said the stimulus will not be tapered until he sees robust improvement in the economy, analysts are having difficulty forecasting when the tapering will begin.  Despite the uncertainty, a degree of pricing into the market has already commenced which is expected to lead to lessened pressure on the USD when the tapering program does finally commence.

The British pound enjoyed a good week, benefiting from uncertainty in the US and indications of continued growth in the UK economy, although a dip in mortgage approvals on Monday for the first time in seven months has come as a small negative.  Wednesday’s Gross Domestic Product (GDP) announcement will be important to GBP traders as the announcement is expected to confirm the UK economy grew by a strong 0.8% in the third quarter, which will be the third consecutive quarter of expansion.  The GBP/USD is now trading around 1.6130 and positive GDP data could boost the pair beyond the first resistance point of 1.6240

The USD/JPY rose slightly from 100.35 to 100.49 after the Bank of Japan monetary policy announcement where the central bank announced it will retain its plan for a ¥60-70 trillion annual increase in the monetary base. Similar price action was observed elsewhere, with EUR/JPY advancing from 134.71 to 134.90, and AUDJPY inching higher from 93.36 to 93.49.  The policy statement accompanying the announcement said the Bank expects Japan’s economy to continue a moderate recovery and repeated its intent to help Japan reach a sustained inflation rate of 2% in 2015. However, the outlook for Japan’s economy remains uncertain amid risks from European debt problems, developments in the emerging and commodity-extorting economies, and the pace of recovery in the US.  Further yen weakness was seen last Friday when the USD/JPY broke the 101 mark for the first time since July 2013 and the next resistance point is at 101.32.

What to Watch this Week:

EUR/USD continues to be the main pair to watch with the pivot point at 1.3553.  If eurozone data is more positive than expected it is possible the resistance level of 1.3558 will be tested.  USD/JPY is also an interesting pair to watch for volatility with the pivot point at 101.27 and first resistance at 101.32.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post La inflación en el punto de mira de la Eurozona appeared first on El Rincón del Inversor.

US Monetary Stimulus Strategy Under Pressure As Economic Recovery Continues To Be Challenged

The US economic recovery is once again the focus of the market with investors eagerly awaiting this week’s highlight event, the release of the minutes from the US Federal Reserve’s rate-setting committee, the FOMC. Janet Yellen, current vice-chair of the Fed and chairperson-elect, last week indicated that she will continue with the current monetary stimulus strategy until she sees a robust recovery, including a lowering of the nation’s 7.3 percent unemployment rate.  She said the US economy must improve before the Fed will taper quantitative easing, adding that there are dangers both to end the stimulus too early or too late.  The EUR/USD reacted to this news by climbing further towards 1.3470 at the beginning of Yellen’s speech.

Yellen’s comments were further justified by mixed employment and trade data; more Americans than forecast filed applications for unemployment benefits last week, with the jobless claims for the week ending November 9 falling to 339,000 from a revised 341,000 the week before. Meanwhile the trade deficit in the US widened more than forecast in September to a four-month high, and exports declined for a third month.  The gap in goods and services trade increased 8 percent to $41.8 billion from a revised $38.7 billion in August.  Wednesday’s FOMC minutes are expected to affect the performance of the USD, with forecasts indicating that positive economic and financial positions are likely to have a bullish impact on USD pairs; the EUR/USD will probably test new lows for the month of around 1.3295.

After the shock cut in Eurozone interest rates, the Council stressed that the move was in line with the central bank’s forward guidance on rates, introduced in July 2013, “given the latest indications of further diminishing underlying price pressures in the euro area over the media term, starting from currently low annual inflation rates of below 1%”.

The Eurozone inflation rate fell to 0.7% in October, mainly in line with expectations but the lowest rate since November 2009.  German inflation was also announced to have fallen by 0.2% in October, after remaining flat the previous month.  Although this data seems disappointing, it was in line with analysts’ forecasts and, on an annual basis, German CPI grew 1.2% in October, down from the 1.4% rise in September.  The EUR/USD slid to a low of 1.3430 but found support at the 100-hour SMA and bounced slightly.  Friday’s German GDP announcement is anticipated at 0.3% and, in the rare case that this comes out not as expected, this will have a huge impact on EUR pairs.

The first Bank of England inflation report since new Governor Mark Carney took over the position has indicated robust growth in the UK economy. This has spurred the UK’s central bank policy makers to bring forward the forecast date for unemployment to reach the target 7% level, which is when they expect an interest rate increase will become a real possibility. The authors of the inflation report also cut the near-term predication for consumer-price increases and expect them to slow to just below the target 2% by the first quarter of 2015.

UK unemployment data was positive showing a drop by 41.7K of those claiming unemployment during September, bettering the estimated drop of 35K albeit a tad higher than August’s drop of 44.7K (revised). This week investors will be closely watching for Wednesday’s minutes from the last Monetary Policy Committee meeting which will reveal how the members voted and give indications for future monetary policy in the UK.

Last week saw positive news out of Japan, with the economy posting a current account surplus of 587.3 billion yen in September. The headline figure topped expectations for a surplus of 400.8 billion yen following the 161.5 billion yen surplus in August. The surplus jumped 14.3 percent on year, also beating forecasts for a contraction of 10.4 percent following the 63.7 percent annual plummet a month earlier.  Additionally, Japan’s economy is expected to have risen 0.4% on quarter, or an annualized +1.7%, posting a fourth straight quarterly growth in July-September, but its pace has decelerated from a sharp 0.9% expansion (an annualized +3.8%) in Q2 due to a slump in exports to the U.S. and China and slower consumer spending, economists forecast.  Investors are now awaiting the Bank of Japan’s interest rate decision on Thursday, with rates anticipated to remain at 0.10%.

What to Watch this Week:

USD pairs are the ones to watch on Wednesday when the FOMC minutes are released.  If the minutes indicate the US economy is in a positive financial and economic condition, the USD will likely gain power against his rivals as the likelihood of tapering becomes closer. If the news about the economic recovery is negative, the USD will be pegged on lows against its major rivals of EUR, JPY, AUD, and GBP.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post El mercado se mueve al son de los estímulos appeared first on El Rincón del Inversor.

Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates

A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed boost of positivity. The Markit PMI Composite for the eurozone came in at 51.9 as opposed to the anticipated 51.5, the Markit Services PMI for the eurozone was released at 51.6 instead of the expected 50.9, the German Markit Manufacturing PMI at 51.7 versus the predicted 51.5 and the German Markit Services PMI at 52.9 above expectations of a 52.3 release. To top the streak of encouraging news, the eurozone’s Sentix Investor Confidence jumped to 9.3, significantly higher than the forecast 6.0. But just as the euro seemed to spike on the back of this positive news, the ECB’s crucial decision to lower its interest rate to a historical minimum of 0.25% came crashing down on the euro and caused it to plummet from 1.3550 to 1.3310. Though the decision was somewhat anticipated, few predicted that it would be announced as early as November. Economists believe that the decision was made in order to prevent the eurozone from falling into a vicious pit of deflation. This week, the eurozone is anticipating the German Consumer Price Index and Harmonised Index of Consumer Prices on November 12th, the preliminary GDPs of Germany and the eurozone on November 14th and the eurozone Consumer Price Index for October on November 15th. All the mentioned indicators are expected to fare poorly, in which case the euro will be dragged down even more.

The USA was greeted with good news on the 7th of November last week, with the preliminary annualized GDP for Q3 released at the encouraging figure of 2.8%, not only beating expectations of 2.0% but also rising from the previous figure of 2.5%. Initial jobless claims were also encouraging as they dropped from 345K to 336K on November 7th, and non-farm payrolls surprised investors by climbing to 204K for October, way above the 125K which was predicted and above September’s 163K. Though positive, investors received the news with mixed feelings as the unemployment rate for October actually shifted slightly upwards to 7.3% from September’s 7.2%. This week in the USA the most important thing to watch out for is Federal Reserve President Ben Bernanke’s speech on November 14th, which could have a strong impact on the forex market and cause volatility. Another event this week which could have just as substantial an impact as Bernanke’s speech is the Monthly Budget Statement which is due to be released a day earlier, on the 13th.

The UK was immersed in good news for yet another week last week, as the majority of sociopolitical indicators acted in the GBP’s favor, strengthening the currency across the entire week. The Markit Services PMI came out above expectations, climbing to 62.5 from 60.3 and beating forecasts of a drop to 59.8. The Industrial Production in the UK was also released significantly above expectations, reaching an impressive 2.2% as opposed to last month’s 1.5% and the prediction of a 1.8% figure for this month. Another pleasant figure, the Manufacturing Production soared from last month’s 0.2%, hitting the 0.8% mark and coming through in line with expectations. The Bank of England (BoE) has held firm in its decision to keep interest rates at 0.5% and the Asset Purchase Facility at 375B pounds, not intending to take any extra measures for the time being. Investors should be on the watch this week for the Consumer Price Index which is due to be released on November 12th and for labor market statistics on the 13th including the Claimant Count Change and the ILO Unemployment Rate.

Bank of Japan (BoJ) Governor Kuroda’s speech was delivered with confidence and determination on November 5th, where he affirmed that the BoJ was determined and ready to modify its policy if it means reaching the 2% inflation target. He stated that the BoJ would “take appropriate policy adjustments without hesitation if either upside or downside risks materialize”. Furthermore, he admitted that withdrawing stimulus is not entirely out of the question for the BoJ, though if it were to take place it would not likely be any time soon. This week in Japan, the most important news include the Consumer Confidence Index for October, predicted to rise to 46.3 from 45.4 and the annualized GDP for Q3 which is expected to decrease from 3.8% to 1.7%.

What to Watch this Week:
In the previous week EUR/USD continued its fall, breaking the previous week’s support levels of 1.3460, going down to 1.3290 following the news. As 1.3000 is quite a strong support level, EUR/USD could not keep itself below this level and finally closed at 1.3365. This week the statistics for the eurozone are expected to be slightly worse. Previous support levels have now turned to resistance levels, so EUR/USD this week will face resistance at the levels of 1.3415, 1.3425 and 1.3440. In case of a fall, the support levels can be found at 1.3355, 1.3316, and 1.3300.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Semana de datos Macro para la Eurozona appeared first on El Rincón del Inversor.

US finds itself on rocky ground while UK steadily records rapid recovery

The US seems to have lost its momentum with the arrival of autumn, as Non-Farm Payrolls for September disappointed at 148K, missing a predicted estimate of 180K substantially and acting as a stark contrast to August’s impressive figure of 193K. Adding fuel to the fire was September’s unemployment rate, which at 7.2% indicated a measly drop from the 7.3% of the previous month and in terms of year-over-year change proved to be rather insubstantial. The bad news wounded the US dollar and caused the EUR/USD to soar by 0.82% to 1.3799. The week continued to prove sour for the US, as Existing Home Sales declined for the first time since June, the increase in both prices and mortgage rates discouraging buyers and causing purchases to fall to 5.29M. On a more positive note, US Durable Goods Orders increased 3.7% in September, exceeding expectations of a 2.0% rise. The boost to this figure is said to be a result of an increase in aircraft orders according to the Commerce Department. The most important news in the pipeline for the US this week include the Fed’s Monetary Policy Statement and Press Conference which are taking place on Wednesday October 30th, and the Consumer Price Index (YoY) for September which is forecast at 1.2%.

Europe showed signs of optimism last week as data released on October 23rd revealed that Consumer Confidence in the eurozone climbed to -14.5% for the month of October, improving from the -14.9% recorded in September and indicating a small, albeit important lift in spirits amongst eurozone households. The Markit Manufacturing PMI for the eurozone climbed to 51.3 in October according to data released on October 24th, but despite being an improvement from September’s 51.1, it disappointed expectations of a rise to 51.4. The same can be said for the Markit Services PMI for October, which at 50.9 was substantially below expectations of an increase to 52.4. At the two day EU Summit which took place on October 24th and 25th, the topics which were at the top of the agenda included migrant deaths off the Italian island Lampedusa, allegations of the US Intelligence monitoring the phone calls of EU politicians and talks of a eurozone banking union. This week in the eurozone, the most important data due is the Consumer Price Index and the Core Consumer Price Index for October, both due to be released on October 31st.

The Bank of England Meeting Minutes released on October 23rd pointed towards satisfactory economic progress in the UK, with no member rooting for more stimulus measures and new data showing that the economy is enjoying a 1% quarterly growth rate. The reasons for this rapid recovery have been the strength of the housing sector, the lower market interest rates and a strong GBP. In addition, wages appear to be on the rise slowly but gradually and employment figures have been better than what was estimated in the August Inflation Report. This week will see the release of a variety of data from the UK including the Gfk Consumer Confidence and Nationwide Housing Prices for October, due on October 31st, the Unemployment Rate for September due on the same day and the Markit Manufacturing PMI for October, due on November 1st.

Japan is steadily continuing in its mission to end the years of deflation and is making significant steps towards its goal; government data released on October 25th revealed that Japan’s Core Consumer Prices climbed 0.7% in September in comparison to September 2012, reaching almost as high an increase as August’s 0.8% which was the fastest growth recorded in 5 years. On the political front, Japanese Prime Minister Shinzo Abe has replied to China’s call to power by affirming that Japan will not allow China to rock the balance of power in Asia and intends on adopting a more dynamic role in Asian politics. Such political tensions tend to scare investors into risk aversion, which in turn usually leads them to the yen which is a safe haven. The most important news expected in Japan this week is the Bank of Japan Interest Rate Decision which will be announced on October 31st. Other fundamental news include the release of the Annualized Housing Starts and the Nomura/ JMMA Manufacturing Purchasing Managers Index for October.

What to Watch this Week! Fed’s Monetary Policy Statement and Press Conference on Wednesday October 30th: If the Fed Conference is negative the EUR/USD will overwrite the 1.3835 level, making 1.3835 a possible resistance level. If the EUR/USD breaks up, it will become a strong support level with the next resistance at 1.3900 psychological and 1.4350. The nearest support level is 1.3560; if it is broken, the next support levels are likely to be 1.3460 and 1.3160.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Dudas sobre recuperación USA appeared first on El Rincón del Inversor.

FXTM ARRANCA EL PRIMER CONCURSO DE TRADING DEMO EN FOREX

Forex Time Ltd (FXTM), bróker internacional, ha puesto en marcha el primer concurso demo de forex, llamado The Forex Factor, como un paso más en la expansión internacional de la compañía, que en julio de este año lanzaba su web en castellano.

The Forex Factor está especialmente diseñado para los nuevos traders o para quienes desean mejorar sus habilidades y poner a prueba sus estrategias en un entorno libre de riesgos, mientras experimentan los excelentes productos de FXTM, la calidad de sus servicios y el soporte multilingüe.

FXTM está creciendo rápidamente y con fuerza a escala mundial. Por ello, este concurso es una gran oportunidad para que los principiantes de todo el mundo puedan familiarizarse con el entorno forex, mientras perfeccionan sus aptitudes, esforzándose al máximo en este nuevo y divertido desafío, sin asumir ningún riesgo.

El concurso, que empieza el 4 de noviembre, otorgará un premio de 3.000$ al ganador en forma crédito para operar a través de una cuenta en vivo de FXTM. Además, ocho finalistas serán reconocidos con premios que también consistirán en crédito con el que podrán continuar operando a través de Forex Time.

La iniciativa está en línea con el espíritu innovador la empresa, siempre tratando de encontrar nuevas formas de atraer a los traders y fomentar el conocimiento de las claves para tener éxito en el actual mercado forex.

Este concurso es una excelente oportunidad para que los nuevos clientes aprendan a utilizar la plataforma MT4, conciban una estrategia personalizada de trading que sea viable y conozcan de primera mano los servicios y el soporte al cliente de FXTM.
FXTM es plenamente consciente de que cada cliente es diferente y, por ello, se centra en asegurar que las necesidades y las aspiraciones individuales de cada cliente siempre sean atendidas.

Como explica Olga Rybalkina, CEO de Forex Time: “Desde el primer día, hemos hecho hincapié en que Forex Time ha nacido con la vocación de ofrecer la mejor experiencia posible de trading a sus clientes. El lanzamiento de The Forex Factor es un ejemplo más de nuestro compromiso con los traders y la experiencia de trading”.

Para participar en The Forex Factor, los interesados deben inscribirse abriendo una cuenta demo con FXTM entre el 15 de octubre y 3 de noviembre. A partir del 4 de noviembre, FXTM publicará actualizaciones diarias de los traders que estén consiguiendo mayor rendimiento en una tabla de clasificación para que los participantes puedan seguir de cerca el desarrollo del concurso.

¿Cree que tiene las cualidades necesarias? Para obtener más información y registrarse en The Forex Factor, visite: https://www.forextime.com/registration?reg-type=my&utm_blocka=00025_demo_contest

Advertencia de riesgo: Existe un alto nivel de riesgo en la realización de operaciones con productos apalancados como Forex y CFD. No debe arriesgar más de lo que pueda permitirse perder; es posible que pierda más que su inversión inicial. No debe realizar operaciones a menos que comprenda plenamente el alcance verdadero de su exposición al riesgo de pérdida. Cuando realice operaciones, siempre debe tener en cuenta su nivel de experiencia. Si los riesgos que conlleva no le quedan claros, solicite un asesoramiento independiente.

The post ForexTime anuncia concurso trading appeared first on El Rincón del Inversor.

US seals fiscal deal whilst stability begins to surface in Europe

Figures released on Tuesday, October 15th in the eurozone indicated that Germany is showing signs of revival and debt issues in Southern Europe are finally reaching a patch of stability. The ZEW Economic Sentiment Survey for Germany was released at 52.8 in October, up from September’s 49.6 and higher than expectations which didn’t see it moving further up from last month’s levels. The ZEW Economic Sentiment Survey for the eurozone was also pleasing as it rose to 59.1 from 58.6 in September, but the positive news was not enough to give the EUR/USD adequate support and the pair dropped from 1.3543 to 1.3479 before stabilizing at 1.3490.

Wednesday October 16th saw the release of more data from the eurozone including the Core CPI which was in line with expectations at 1.0%; though neutral and expected, the news boosted the EUR/USD ever so slightly to 1.3535. But the real jolt upwards for the euro took place the following day when pair soared to 1.3684 as the deadline approached for US politicians to make decisions in regards to the budget crisis.

Defining the market outlook in the eurozone this week will be the Consumer Confidence for October, forecast at -14.5 on October 23rd and a number of economic indicators in Germany such as the Markit Manufacturing PMI, estimated at 51.6 and the Markit Services PMI which is predicted to rise to 54.0. If the actual data released meets the high estimations, it may open the road for the EUR/USD to reach as high as 1.3800. If however the data is insufficient and fails to give the euro the strength it needs, the pair may correct to 1.3400.

A last minute consensus reached by US politicians on October 17th saved the US from a default on its debt however was not enough to fuel the US dollar, the greenback catapulting to 97.63 against the JPY and 0.90138 against the CHF. The stock market reacted very positively to the fiscal deal and stocks are predicted to keep rising for the remainder of the year, but there is still uncertainty over the extent to which this deal has actually helped solve the fiscal problems of the US. Other factors weighed on the US dollar last week such as Initial Jobless Claims which were released at 358K, missing estimates of a drop to 335K. The Philadelphia Fed Manufacturing Survey also fell to 19.8 from 23 in September, but although disappointing it was better than the 15 drop which was predicted. The most important news this week in the US are the Non-farm Payrolls out on October 22nd which are forecast to rise to 180K, the Unemployment Rate which is expected to remain unchanged at 7.3% and the Durable Goods Orders on October 25th which are expected to rise to 1.1%.

The United Kingdom’s GBP was supported last week by positive changes all round, with the CPI released on October 15th above expectations at 2.7% and the Retail Sales released on October 17th rising to 2.2%. Both figures are an indication of improvement in the UK economy and the GBP has reacted in a positive movement, rising as high as 1.6224 last week. The most anticipated fundamental news in the market this week are the Bank of England (BoE) Minutes and MPC Vote due on October 23rd which are set to reveal what tendencies are dominant amongst the UK’s monetary policy decision makers. Furthermore, BoE Governor Carney’s speech will take place on October 24th and the country’s GDP for Q3 will be announced, expected to rise to 1.5%. If the outcome of all the expected data is positive, the GBP is expected to rise to as high as 1.6260 or even 1.6400.

October 18th revealed that foreign investment in Japanese stocks has increased to ¥143.6B from ¥-27.0B due to the positive capital inflow the country has been experiencing. In combination with weak industrial production data, this kept the JPY weak against all major currencies except the US dollar which was weak during the course of last week due to the anxiety surrounding the last minute fiscal deal. The USD/JPY closed the week at 97.72 while the EUR/JPY rose to 133.72 and the GBP/JPY closed the week at 157.96. Japan this week anticipates the release of the Merchandise Trade Balance Total predicted at ¥-920.0B, the All Industry Activity Index expected at 0.4% and most importantly the National Consumer Price Index which is expected to stay at 0.9%.

What to watch this week:
EUR/USD: If data from the US is negative the EUR/USD will overwrite the 1.3710 level, making 1.3710 a possible resistance level. If EUR/USD breaks up, it will become a strong support level with the next resistance at 1.3860 and 1.4350. The nearest support level is 1.3560. If it is broken, the next support levels are likely to be 1.3460 and 1.3160.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Acuerdo en USA y recuperación económica en Europa appeared first on El Rincón del Inversor.

QE in the US comes to standstill as Janet Yellen gets in line to fill Bernanke’s shoes

The result of last week’s FOMC Minutes in the US was largely centered on Janet Yellen’s nomination as the next Chairwoman of the Federal Reserve. Whilst estimates foretold that QE tapering was in the cards to be announced at last week’s Minutes – as was an imminent end to QE altogether by mid-2014 – neither topic came up seeing as the mere anticipation of Yellen coming to power in January made Bernanke put the QE subject on pause until she adopts the strategic decision making role. The outcome of the minutes boosted the US dollar, with the EUR/USD trading at 1.3460 and the USD/JPY at 98.30 on the day. US weekly jobless claims brought heavy disappointment when they climbed unexpectedly to 374K, as predictions had pointed towards a significantly lower 307K. The increase was the highest in almost a year, leaving many to ponder upon the underlying reason. Two sources of cause could be the government shutdown which has left many out of a job and computing problems in California following on from last month’s technical errors and the backlog of reports that ensued as a result. The most important fundamental news due this week in the US are the Initial Jobless Claims and the Philadelphia Fed Manufacturing Survey, both out on Thursday 17th and predicted at 357K and 15.4 respectively, with the CB Leading Indicator following on Friday 18th and forecast at 0.40%.

At the ECB press conference last week, it was once more decided that all rates would be left unchanged, with President Mario Draghi expressing that he is not too worried about inflation drifting further away from the central bank’s 2% target seeing as this is what they had anticipated. During the press conference the EUR/USD rose above 1.3540 and ever so briefly above 1.3600 but didn’t manage to hold the latter figure for very long. In Germany, the Trade Balance improved to 15.6B in September, higher than the 15.1B expected, but unfortunately the encouraging figure failed to boost the euro, the single currency in fact declining following the positive data. Statistics released according to the Harmonized Index of Consumer Prices revealed that German inflation increased 1.4% in September as analysts had predicted, whilst the annual CPI did not change from the previous month. The eurozone this week awaits the release of the ZEW Economic Sentiment Survey on Tuesday 15th and the Core Consumer Price Index on Wednesday 16th.

In the United Kingdom, the Bank of England interest rate decision on October 10th revealed absolutely no change, with the interest rate remaining at 0.50% – the level it has been since 2009. In addition, the BoE Asset Purchase Facility, otherwise known as the country’s QE program, was also left intact remaining at 375 billion pounds. There has generally been no substantial change recorded neither in Governor Carney’s policy nor in the UK economy as a whole this month. Data released on Wednesday by the National Institute of Economic and Social Research indicated that the British economy expanded by 0.8% in Q3, thanks in large to the outstanding performance witnessed in the industrial sector over the past few months, despite the 1.1% drop recorded in August. This coming Tuesday, October 15th, the UK is holding its breath for key fundamental news such as the Core Consumer Price Index and the PPI Core Output. Wednesday the 16th is to reveal the Claimant Count Change, while the 17th of the month holds UK Retail Sales figures in store.

What has been called a ‘moderate recovery’ will continue in Japan according to the meeting minutes released last week by the country’s central bank, as it moves forward with the money market operations planned in order to increase Japan’s monetary base by 60-70 trillion yen a year and also with the buying of government bonds and ETFs. The Bank of Japan is also intent on using quantitative easing until Japan reaches the desired price stability target of 2%, as all measures decided on by the Bank of Japan always revolve around a much-longed-for end to over a decade of deflation. This week in the cards for Japan are the figures on foreign investment in Japanese stocks due out on Thursday 17th, and the much anticipated speech of Governor Kuroda on Friday 18th.

What to watch this week!

EUR/USD: the major currency pair appears to be calming down following its latest uptrend, with the next levels to watch out for being the support levels of 1.3640, 1.3726 and 1.3898, and the resistance levels of 1.3472, 1.339 and 1.3304.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Janet Yellen seguirá las políticas de Bernanke appeared first on El Rincón del Inversor.

UK boasts impressive recovery overshadowing US and eurozone

The ISM Manufacturing and Non-Manufacturing PMI’s were juxtaposed last week in the USA, as the former exceeded expectations whilst the latter fell short. The ISM Manufacturing PMI gained momentum for the month of September, reaching 56.2 and beating predictions of a drop to 55. The figure is the highest since April 2011 and is reflective of the pick-up in the housing sector, as growth was recorded in industries such as furniture making and appliances. The ISM Non-Manufacturing PMI on the contrary fell below expectations of 57.4 to a weak 54.4, revealing slow growth in comparison to August’s sky high reading of 58.6. Released on the 2nd of October was the ADP Non-Farm Employment Change which at 166K came through lower than expected, missing forecasts of 180K. Job creation has slowed down the past few months in the US, it is nonetheless still better than it was during 2012. Unemployment claims rose to 308K according to data released on October 3rd, very slightly above the previous week’s 307K and still close to 6 year lows. October 9th this week will be a crucial day in the US economy as the country awaits the FOMC Minutes, Non-Farm Payrolls which are estimated at 179k and the unemployment rate which is forecast at 7.3%.

Growth in the eurozone has been moving in much the same rhythm as usual, with the Core CPI down to 1.0%, unable to cling onto 1.1% for September as economists had expected. Bad news was also announced in the strongest of eurozone nations on October 1st, with German Unemployment Change up to 25K, drastically higher than August’s 9K and a shocking miscalculation next to predictions of -5K. The 2nd of October hosted the ECB Monetary Policy Statement and Press Conference whereby the interest rate was left untouched at 0.5% and no other major decisions were made to shift the direction of policy as it has been so far. This week, the ECB Monthly Report is due to be released on October 10th, detailing the central bank’s outlook for the economy. Furthermore, ECB President Mario Draghi will be giving a speech on the same day at the Economic Club of New York, which investors will be watching closely.

The Bank of Japan (BoJ) released its monthly Monetary Policy Statement on October 4th, revealing plans of going forward with action to increase its monetary base by around 60-70 trillion yen yearly. The BoJ also intends on buying government bonds in order for their outstanding amount to rise by a yearly 50 trillion yen, leaving their average maturity to around seven years. The general outlook of the BoJ about the recovery of the economy is that it will continue to improve, albeit at a gradual pace. On the agenda this week in Japan are the Monetary Policy Meeting Minutes, due to be released on October 9th, followed by a press conference on the 10th where leading economic figure Haruhiko Kuroda will be holding a speech about monetary policy.

Data in the UK has indicated a drop in the Manufacturing PMI, from August’s two year high of 57.1% to 56.7%. Despite the small drop, the manufacturing sector is still one of the healthiest in the UK economy, gradually expanding and creating many job opportunities as it does. The Construction PMI was another strong figure for the UK economy last week, released at 58.9. Economists had hoped for a reading of 59.2, however the actual result was nowhere near disappointing seeing as it still revealed robust activity in the construction sector, spurred on by the rapid house building which has been taking place. The last of the PMI’s to be released last week was the Services PMI, which at 60.3 secured the highest quarterly rise the UK has seen in over 16 years, boosting confidence and proving beyond all doubt that the UK economy is recovering at an impressive rate in comparison to most of its European neighbors. This week the market is anticipating the Asset Purchase Facility at a steady 375B, the Official Bank Rate which is predicted to remain at 0.50% and the MPC Rate Statement, all due on October 10th.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Recuperación en Reino Unido eclipsa a USA y Eurozona appeared first on El Rincón del Inversor.

Market Update: US and eurozone exhibit pool of mixed data

The US proclaimed mixed economic news during the course of last week, some areas of the economy showing an onward and upward move and some lagging slightly behind. According to data released on Tuesday, September 24th, the Consumer Confidence for September fell to 79.7 from August’s figure of 81.8, revealing that US consumers are not entirely confident about the progress of the economy and still have some doubts and reservations. The release of Durable Goods Orders followed on the 25th, with a minute yet encouraging increase of 0.1%, backed by growing vehicle orders. The particular figure came under scrutiny by economists however because it excluded transportation, which constitutes a big part of durable goods orders and which in fact declined by 0.1%. On the stronger side of events, the annualized GDP came in at 2.5%, a significant increase from the previous 1.1% and much in line with expectations of a 2.6% rise. Initial jobless claims further dropped from 310K to 305K, far better than the predicted 325K and a boost to the US dollar.  Pending Home Sales for August also proved positive for the dollar, with a 5.8% rise. This week, the market is anticipating the ISM Manufacturing PMI on Tuesday, October 1st, which is expected to rise slightly to 55.8. Thursday October 3rd holds in store Fed Reserve Bernanke’s speech, which could potentially cause major volatility in the market, and Friday the 4th will reveal the month’s most influential data, including Non-farm Payrolls which are estimated at 179K and the September Unemployment Rate which is expected to remain at 7.3%.

The German federal election last Sunday was perhaps the highlight of the month in the eurozone, with Angela Merkel being re-elected with a dynamic 42% of the public behind her. Responsibility thus remains in Chancellor Merkel’s hands to strike coalitions with strategic allies in order to keep investor faith alight in the eurozone. On Friday the 25th of September, the Harmonized Index of Consumer Prices for September was released, unchanged from August and in line with expectations at 1.6%.  The Consumer Price Index for September disappointed, up by only 1.4% which was short of expectations of a 1.5% rise. The remainder of the data released in the eurozone was very mixed, with the Markit Manufacturing PMI and the Consumer Confidence disappointing at 51.1 and -14.9 respectively, but the Markit PMI Composite and the Economic Sentiment Indicator both above expectations at 52.1 and 96.9 respectively. ECB President Mario Draghi spoke to the public twice during the last week, the main point delivered in both his speeches being that the European economy is showing a slow recovery. The most important fundamental news from the Eurozone this week are the ECB interest rate decision and the ECB Monetary Policy statement and press conference on Wednesday, October 2nd.

Data in the UK last week consisted of a better than expected Gfk Consumer Confidence, which hit a 6 year high by rising to -10; 3 points higher than the previous month and the highest figure since November 2007. The CBI Distributive Trades Survey – Realized also grew unexpectedly in September despite forecasts of a downward move, rising to 34 from 27. On the downside, the annual GDP growth disappointed expectations of 1.5%, with a revised outcome of 1.3% for Q2, sowing the seed of doubt about whether the UK economy will continue at the pace of recovery it has enjoyed so far. This week the UK is expecting the PMI Construction on October 2nd, with a small increase to 60.1 anticipated.

The biggest news to come out of Japan for the week that passed were the news on the Overall Consumer Price Index, which rose 0.9% in comparison to the 0.7% recorded in July, and the Core Consumer Price Index, which rose to 0.8% from the previous year. Both these figures were a positive indicator for the JPY because a higher CPI signifies higher inflation, which in this case is positive for a heavily reliant on exports Japan. The end of this week will see the Bank of Japan interest rate decided, with no expectations for any drastic change seeing as the 0.1% rate is beneficial for the Japanese monetary policy which aims to keep the JPY weak to boost exports.

What to watch out for this week:

EUR/USD: if the pair exceeds the resistance level of 1.3600 it may rise to as high as 1.3712 this week. If unable to hit the 1.3570 mark, we may see a downward pressure to the support level of 1.3460.

USD/JPY: currently the pair is in a big resistance level at 97.50 and if it breaks below we may see a clear downward pressure to 97. If however it fails to break above, we may see a potential upside to 98.30 which is the next immediate support level.

GBP/USD: if the pair breaks above the 1.6165 mark, the next resistance level may be 1.6250. If it fails to break above this mark however, we may see a move back to 1.6015.

USD/CHF: if the pair falls below the support level of 0.9000, it may retreat back to 0.8940.

For more information please visit: Forex Time

Disclaimer: This material should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. This material has not been prepared in accordance to legal and regulatory requirements in relation to independent research and is not subject to any prohibition on dealing ahead of its dissemination. Any information relating to past performance of an investment is not a guarantee of or prediction of future performance. The material is for general information only and does not take into account your personal investment objectives or financial situation. ForexTime Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of ForexTime Ltd, a third party or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of ForexTime Ltd. This communication must not be reproduced or further distributed without prior permission.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

The post Datos mixtos en USA y Eurozona appeared first on El Rincón del Inversor.