Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Eric Johnson

Major Forex Regulation Proposed

Recommended Posts

The CFTC is trying to change leverage requirements and control all US forex transactions. This will result in maximum leverage of 10 to 1 leverage on all accounts.

The action is open to comment for a time, and I hope it is stopped. I do not want 10 times more of my money deposited to trade the same size lots. For one thing that money is already subject to plenty of regulations. It also makes it subject to loss if there is more large financial problems. I will probably only trade with foreign brokers, and that is so much extra paperwork and expense to make transactions.

 

Here is a link to learn more, sorry it has a pop up, but it was one of the best articles,

 

http://www.fxstreet.com/education/forex-basics/cftc-forex-proposal-us-retail-market-to-disappear/2010-01-19.html

 

here is where to write to send comments

 

http://www.forexcrunch.com/act-against-the-cftc-110-leverage-proposal/

 

I guess this is an active email secretary@cftc.gov

Edited by Eric Johnson

Share this post


Link to post
Share on other sites

As long as it doesn't effect an American's ability to open, fund, and trade an off shore account, let them do whatever they wish. Personally, I would welcome more liquidity flowing to the CME futures. There actually is an EURJPY listed future, but no one trades it. What a shame!

 

As a friend of mine stated, however, I doubt very many bucket shop customers have the funds to trade futures, so any hoped for increase in trade flows to the listed futures is likely mere misguided wishful thinking.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

Hi,

This is a timely discussion as Obama announces plans to "regulate" the financial sector, and we see stocks go down. It is my bias, but the big funds always seem to have a way around the regulations, and the smaller trader just gets more run arounds. Also they step up their "security anti terrorism " paperwork, that means they freeze your assets and ask questions later if you have anything unusual. It sounds harmless until you are overseas citizen trying to get a bank account without visiting a branch in the USA, (no personal account=no withdrawal) and so on. My point is that these regulatory commissions need to be kept in check. The US regulatory and anti terrorism agenda has a way of forcing it's way around the globe.

As for futures and the CFTC (commodity futures trading commission ), I enjoyed trading futures for years but, the quote prices for futures are high, trades expensive, and ability to vary lot size is less. I don't really want that kind of direction for forex. They would be placing liability demands on brokers that may lead to higher fees. We may see the decrease in volume in FX if regulation goes too far. Also early 2011 the capital gains may be dramatically increased, if the tax cuts are let to expire.

Anyhow, as they say, love it or leave it, I guess I left a long time ago.

Edited by Eric Johnson

Share this post


Link to post
Share on other sites
Also they step up their "security anti terrorism " paperwork, that means they freeze your assets and ask questions later if you have anything unusual.

 

Hiya,

 

This 'security' has been active for a couple years already. I had this happen with an IB account about 2 years ago. What annoyed me about the whole thing was that they freeze it automatically and didn't bother to tell me about it. It took me well over 6 hours and 4 separate phone calls until I could actually speak to someone that was able to address the problem. I was livid. Someone outside the USA and outside the EU could really garner some solid business if they setup a quality brokerage firm in locations with less absurd regulation.

 

Oh yeah, I also think this forex regulation is dumb. Reduce leverage on FX but you can go right ahead and trade the ES with only $500 day trade margin at some brokers. All the leverage reduction does is reduce the small players, and they are not the ones moving the market anyhow, so what is the point? It's not going to stabilize anything.

Share this post


Link to post
Share on other sites

Doesn't it just reduce US based forex companies.

 

Its like all the anti-corruption legislation. US businesses in the gulf, india or indonesia become uncompetitive unless they add a middle man who pays the bribes ... and if they do they'd better be able to "prove" they didn't know.

 

The holier than thou ... and can impose it on others ... didn't stop the french and it sure won't stop the chinese. Goodbye US competitiveness.

Share this post


Link to post
Share on other sites

There is a big difference between trading/leverage regulation and anti-money laundering (AML) anti terrorism regulation and the tax man. The AML and tax man are going to increase regulations regardless - this is what makes opening accounts, closing accounts, freezing accounts a pain. This is different to the leverage regulation -the main killer for a lot of retail traders. (larger retail traders will get around this most likely as they can be registered as companies or have enough money to qualify as non retail, or will have no problems shifting to offshore)

AML and tax are not going to go away - and are a different animal. This is always moving to a more globally focused coverage.

 

My first thoughts are that it will generally only hurt those companies that are operating on the edge which will then lead to more concentration into the existing bigger brokers, which means less competition which generally leads to higher costs..... never good for anyone.

 

Most of the bigger more established companies already properly focus on the regulations and any costs to them will be marginal - it will hurt the smaller or more lax firms (might be a good thing). Clearly however the growth of the retail FX broking firms in recent years have been the driving force of reducing costs and spreads.....getting rid of competition is never good.

 

However - If it pushes people onto the exchange futures... I am with Thalestrader....that works for me, and I dont necessarily see it as such a bad thing. (I find it hard to sympathise when people complain about the costs and the spreads as they are pretty good.) They will probably introduce minis.They have said previously they are worried about the growth of the largely unregulated retail FX market and at least they may head off possible future problems.

Most retail people probably play with too much leverage. But a 10:1 restriction is probably too harsh.

 

NET RESULT: regulators are missing the point (but are at least trying to head off an issue in the future), regulation is here to stay and going to increase, competition decreases, costs increase (after massive improvements in recent years), US continues to decline in world dominance of markets and trading.

hmmmm.......not much really changing then.;)

 

(I actually don't think the exchanges should ever have been left to run at a profit as private companies - but thats a whole other issue. )

The bigger worry is Wall street not being able to run prop desks.... that is more likely to push up costs and reduce leverage and move people off shore of the US.

Edited by DugDug

Share this post


Link to post
Share on other sites
(I actually don't think the exchanges should ever have been left to run at a profit as private companies - but thats a whole other issue. )

 

I fully agree - exchanges serve a public utility and as such ought to have as a goal to generate revenue enough to cover the costs of operations, and not have the added incentive to increase costs to the public in order to attain a profit over and above the cost of operations..

 

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

thanks thalestrader - the exact reason why I don't think they should be privately owned. I believe they actually do very little for what amounts to a virtual monopoly (it is slightly different these days as they have opened themselves up to being public and hence competition) but I have always believed that its a paradoxical situation where by we have the best people to regulate the markets ie; the exchanges, also under an obligation to maximise their shareholders profits - hellloooo - potential for conflicts. They take no risk as they are not a market maker, the members and insurance companies are the ones who bail out defaults and are largely protected by government regulation and barriers to entry (as the dark pools and FX are now finding out)....what better type of institution to be operated by the government - yet administered by private enterprise under a different compensation scheme to profit in order to work as a public utility for the good of the participants. Funny - just like the old days when brokers collectively owned it.:roll eyes:

I apologise for the rant.....its a bug bear of mine, and its Friday afternoon. I took my own advice from another thread - made some money and then went to a good old fashioned long lunch.

Share this post


Link to post
Share on other sites

Been trading for a long time and I've never stopped to actually think about this.

 

Please correct me if I am wrong. :confused:

 

So in comparing margin power of ES to that of spot currencies:

 

Roughly speaking,

ES - $500 in margin allows you to control ($50 x index value of 1100 =) $55,000 in trading power.

 

Eur/Usd - $1600 in margin allows you to control $100,000 in trading power.

 

So $1600 in ES margin gives you $176,000 of trading power vs FX giving you $141,000 basis the Euro/usd.

 

So as margin levels stand presently ES actually offers more leverage the FX does.

 

I don't get it, why are they picking on FX? I agree 100% with regulating the industry to get rid of the fraudsters but why do they think they have to treat traders like a bunch of kids and tell them what is the correct level to speculate (or gamble as some do) with?:angry:

Share this post


Link to post
Share on other sites

From the CME website

INITIAL MAINTENENCE

S&P 500 (SP)-S&P 500 FUTURES (SP) Spec $28,125 $22,500

Hedge/Member $22,500 $22,500

S&P 500 (SP)-E-MINI S&P 500 FUTURES (ES) Spec $5,625 $4,500

Hedge/Member $4,500 $4,500

 

So I am not sure where smaller margins of $500 comes from.

 

Also I think they are largely looking to pick on FX for a few reasons ....

1) there has been phenomenal growth in the retail FX market in recent years - this always worries people due to bubbles, regulation not keeping up with progress and companies being able to over things like 500 x leverage.

2) its not on an exchange - one of the key ideas is that they are trying to push a lot of OTC business onto exchanges including the things that a lot of the institutions do.

3) FX retail is an easy target. However I would not forget that some of the big banks and institutions are getting close to being massively overhauled as well - its just they have better lobbyists to fight or at least delay and better influence the politicians.

Share this post


Link to post
Share on other sites

I have traded with many brokerages, companies like JR futures have small S+P mini margin levels, and forex brokers offer varied leverage. Basically I hope that those who are concerned do send an email, and we can hope these regulators can understand things like decreased tax revenues, brokerages losing money, investment going overseas, and so on. I think I read that there will be a restructuring of brokerage liability, and that may include excess cash reserve, or insurance for them, aka higher fees.

Share this post


Link to post
Share on other sites
So I am not sure where smaller margins of $500 comes from..

 

Hi Dug Dug,

 

Many futures brokers allow special "day trade"margin for the e-mini's, with $500/contract having become fairly common. Funny that the CFTC is coming after FX margin, but no one seems to mind the e-mini futures margin. That is why I suspect this has everything to do with Obama & Chicago and nothing to do with a saving retail traders and there $500 bucket shop accounts. The motive is not consumer protection - it is to move more trade flow to the CME. If the government were smart, they'd treat bucket shop bets like table gaming bets, and collect a 1/10th of a pip "tax" on every bucket shop bet. As far as I know, there is no limit on how much someone can bet at a casino. Why is the governent worried I might lose some chicken scratch with a bucket shop but allows me to ose my house to the Sands? Why else would the government suddenly become interested in the "well being" of three figure accounts? It is hard for me to see how this is not related to directing trade flows to the exchanges.

 

Best Wishes,

 

Thales

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

I agree thalestrader, thats why in the other parts of my post points I think that the retail FX due to their growth and the fact they are off market are an easy target. Ideally by the better lobbyists to push things onto exchanges. How better to save retail traders!

 

I thought if you were actually trading via the exchange there was a minimum requirement of the margin set by the exchange as a client, unless the broker amalgamates everyone's trades via the day and acted as the one client. - you learn something new every day. thanks.

Maybe that will be the next easy target.

 

My view is that if firms are offering excessive leverage to retail clients who cant prove themselves as competent traders first. ie; they start off with lower levels first, then its much the same as a bank continually sending out credit cards to people who can least afford it, casinos who encourage the poor to gamble knowing the odds are against them and such similar often frowned upon practices. (even if you or I don't necessarily frown upon them)

Ultimately it is up to/or should be up to the individual to police themselves.

 

Did you notice Goldmans CEO Lloyd Blankfein distance himself from being a bank in the recent hearings..... in summary I heard the gist being - we are a market maker, we are not there to act in the best interests of our clients, they were big enough and professional enough to know what they were getting themselves into. PYA seems the name of the game.... always has. Always will be.

Share this post


Link to post
Share on other sites
Ultimately it is up to/or should be up to the individual to police themselves.

 

With respect to financial risk taking, I agree (I would not presume murderers and rapists could be expected to "police themselves," for example).

 

I also would have let the banks fail. The real kick will come if these corporations which were saved only by government aid ultimately fail anyway.

 

Capitalism is dead! Long live Capitalism!

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

I don't get it, why are they picking on FX? I agree 100% with regulating the industry to get rid of the fraudsters but why do they think they have to treat traders like a bunch of kids and tell them what is the correct level to speculate (or gamble as some do) with?:angry:

 

Because there's money to be made in regulation, which is why an unregulated CFD market operating in the US just isn't allowed :angry:

 

Obama is a nice guy but he's looking pretty shaky on the second term if a half decent candidate steps up.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.