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Hi all! Find FBS on Facebook and twitter, and say it all. . . Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ Update 999 Demo Contest ★★★ Wednesday, May 09, 2012 Account#268515 Position: 1st Country: Ukraine Balance: 62908.29 USD Account#264964 Position: 2nd Country: Italy Balance: 57084.85 USD Account#268448 Position: 3rd Country: Ukraine Balance: 48355.85 USD We are expecting a dynamic and exciting competition with a lot of surprises ahead. FBS wishes all the participants good luck! Contestants ranking: http://www.fbs.com/9...ipants?type=cur The contest will take place during 01.05.12 - 01.06.12 Contest details: http://www.fbs.com/999-demo-contest Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ “Predict NFP”: contest results ★★★ Friday, May 4, 2012 - 12:45 Dear friends! According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for January is 115K. Maory Aryani’s guess is the closest one. The contestant gets an exclusive T-shirt from FBS. Congratulations to the winner. Kind regards, FBS Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Reminding for Predict NFP Contest. ★★★ Predict NFP (April) ★★★ We offer you to take part in “Predict Nonfarm Payrolls” forecast contest . It’s so simple: write your guess for the non-farm payrolls, which will be published at 12:30 GMT 04.05.12. First one to use the right number or the closest one will be the winner of the contest. Duplicate entries will be disqualified. Your guesses are accepted till 17:00 GMT 09.03.12. Post your guess here : http://www.facebook.com/note.php?note_id=339168909470422 Winner will receive a brand T-shirt from FBS. Good luck! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ Trading without losses with FBS! ★★★ A civilized society hasn’t invented better way of protection than insurance. It guaranties compensation of any sudden losses. By this means, insurance is really necessary for everyone. There are many different types of insurance that exist to live a stress free life. So why don’t you reduce the risks and insure your trading?! FBS is the world’s first broker that offers its clients to get their lost money back. Now you have an opportunity to protect your deposit and focus only on making profit. You can insure from 10% to 100% of your deposit. In case your initial deposit is lost FBS will return insurance amount at once.* “FBS Breakeven Trading” details: http://www.fbs.com/breakeven *Only if insurance conditions are met. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ Getting on-line news in MetaTrader ★★★ Dear traders! Now you have an opportunity to get main financial news right in your trading platform FBS Trader 4. After choosing “News” section you will find the list of overviews of the global currency markets in real time. This new function will let you keep updated with the latest market news without taking your eyes off the trading. Have a profitable trading with FBS! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ 999 Contest got started ★★★ Tuesday, May 01, 2012 Dear traders! Today, on the first of May, your favourite 999 Contest has got started. As of today 1564 traders from all over the world will do their best to win the competition. The idea of the contest is pretty simple: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed. 3 participants with the highest balances by the end of the contest period are announced the winners. It will be them who will withdrawable receive prizes from FBS (555 USD, 333 USD, 111 USD). And the contestant with the lowest deposit will get a free FBS MasterCard. Contestants ranking: http://www.fbs.com/9...ipants?type=cur The contest will take place during 01.05.12-01.06.12 Contest details: http://www.fbs.com/999-demo-contest FBS wishes all the participants good luck! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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A full week of activities, time for a break. Have a great weekend for all... Don't forget for next <<999>> demo contest FBS. Registration is open from 17.04.12 until 30.04.12. Contest period: 1.05.12 – 1.06.12. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Forex success secrets are revealed Thursday, April 26, 2012 - 11:30 Dear traders! On the 13th April your favourite demo-contest was over. Hundreds of traders from all over the world were taking part in the month race for the leadership. The winners were finally announced: Usmonov Bahtiyor from Uzbekistan, Sumarsanto Athanasius from Indonesia and Puzina Pavel from Ukraine. We asked our happy contestants to share their impressions about 999 contest participation and reveal their Forex success secrets. Usmonov Bahtiyor How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I’ve been trading Forex for 6 years. How did I get involved in it? Well, I set myself a goal. And while looking for some ways to achieve this goal I decide to know more about Forex trading. What currency pair do you prefer to trade? Why? Generally I trade EURUSD, GBPUSD and AUDUSD. My trading strategy is mostly based on Fibonacci levels determination. These currency pairs are the most convenient for using this method of trading. Please tell us about your impressions of participation in «999» contest? The contest is very exciting. When you are among the leaders and there are 10 days left until the end of the competition, the feeling is like you are trading real account. What I like the most is that the real-time ranking is shown on the list of contestants. You can always look through the current position of the participants. What trading strategy did you use during the contest «999»? My trading strategy is technical analysis based on Fibonacci numbers. To affirm my trading decisions I use 3 indicators: Stochastic Oscillator, MACD and CCI. During the contest most of my orders were made with AUDUSD, because more order can be opened with this currency pair. You can barely win without risk, but if your balance is huge you’d better use only the half of it. So that would be able to keep thing going well enough even if you are mistaken. What qualities should a trader possess to be successful in trading? In my opinion, not everyone is fated to become a trader. First of all you need to be patient and diligent. Secondly, you should be fond of what you are doing. If you are, we are on the right track! And the last thing, that comes only with experience, you should always stick to your trading strategy. Don’t try to change it every 5 minutes starring at M5 charts. What advice could you give to beginners? It is necessary to study Forex literature. There are scores of different books and you will be able to find something useful for you. Choose those technical indicators that are accessible and understandable for you. Spend more time studying charts (from M1 and M5 to H4, D1, W1). Look for some repeated figures, tendency. The main thing is patience and you will sure to develop your own trading strategy. Sumarsanto Athanasius How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I’ve been trading for 2 years. I found in the Internet some advertising about the new way to make extra money. I studied Forex trading at forums, such as forexindo. What currency pair do you prefer to trade? Why? I prefer trading the following currency pairs: EURUSD, GPBUSD. Because they have the lowest spread. Please tell us about your impressions of participation in «999» contest. I am very happy to win this time. That was not my first time to participate in «999» Contest and finally I managed to win! What trading strategy did you use during the contest «999»? I like to use simple strategies. I used moving averages 100 tf 15, MACD, trend lines breakout , support and resistance, and followed news in forexfactory. What qualities should a trader possess to be successful in trading? Discipline and conformity with your trading strategy. What advice could you give to beginners? Try not to deviate from your trading strategy. Always take into account the global economic news release. And do not forget about Money Management. Your future depends on your today’s decision. Puzina Pavel How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I have been trading Forex about 5 years. I’ve got to know about Forex in the Internet. What currency pair do you prefer to trade? Why? I prefer EURUSD and USDGBP. Please tell us about your impressions of participation in «999» contest? My impressions about 999 are only positive. During the contest I think all the contestants felt the excitement. What trading strategy did you use during the contest «999»? My trading strategy is very simple, based on couple of standard indicators. What qualities should a trader possess to be successful in trading? A trader should be hard-working, have a stable nervous system and not succumb to emotions. What advice could you give to beginners? There is no need for a beginner to cover all the market movement. You should be patient. You need time to gain valuable trading experience. Learn, do your best and you’ll succeed. Please note that you still have a chance to take part our super demo-contest 999. Registration is open until April 30. Hurry to take part and show your worth! Contest details: http://www.fbs.com/999-demo-contest Take part: https://my.fbs.com/contests/999 Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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“Add FBS as Friend”: winner of this week. Tuesday, April 24, 2012 - 10:00 Dear friends! Correct answer for our weekly “Add FBS as Friend” contest is: 6. The winner who gets 10 USD from FBS to his trading account is Mohd Arif Che Murad. Kind regards, FBS Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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FBS Trader 4 is now available for Android! Wednesday, April 18, 2012 - 12:00 Dear traders! We are pleased to announce that now all Android users can enjoy Forex trading with FBS everywhere and anytime. FBS MetaTrader 4 Mobile is now available for Android-based mobile communication devices. MetaTrader 4 Mobile is reliable and convenient platform to trade Forex that is always at hand. The simple and elegant interface of the software hides the powerful features offered to both the professional and novice trader. Download MetaTrader 4 mobile for free and enjoy trading! See the details here: http://www.fbs.com/platforms Have a profitable trading! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Joint with FBS and get more advanteges with us... Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ The week ahead: events to watch ★★★ Monday, April 9, 2012 - 06:00 Monday, April 16: • Switzerland: Producer price index, a leading indicator of consumer inflation, is expected to increase 0.5% in March against a 0.8% growth in Feb. • U.S.: On Monday a bunch of negative data is expected. Core retail sales (retail sales excluding automobiles) in March are expected to increase by 0.6% compared with a 0.9% increase in Feb. Retail sales growth is also forecasted to slow to 0.4% after 1.1% in Feb. Analysts expect the Empire State Manufacturing Index to stay positive, but to decline from 20.2 to 18.2. Net Long-term Securities Transactions in Feb. may drop to $41B after outstanding $101B in Jan. Business inventories are forecasted to grow 0.7% in Feb. • Australia: Minutes of RBA’s recent board meeting release is scheduled. Sales of new motor vehicles were flat in February, there is no market forecast for March. In the year to February, new motor vehicle sales rose 1.7%. Tuesday, April 17: • Britain: CPI in March may grow 3.5% compared with 3.4% in Feb. • Europe: Spanish, Greek T-bill auctions will take place. In April German ZEW economic-sentiment indicator is forecasted to decline slightly to 20.2 from 22.3. • U.S.: Number of new residential building permits in March may slightly decrease to 0.71M from 0.72M in Feb. • Canada: According to a consensus-forecast, Bank of Canada may leave the overnight rate unchanged at 1%. The median forecast in a Reuters poll of 40 economists shows the next interest rate hike will come in the second quarter of 2013. However, analysts at RBS believe the bank statement may be more hawkish than expected. Manufacturing sales contraction in Feb. may be down to a 0.1% decline against 0.9% in Jan. Wednesday, April 18 • Europe: Spanish, French bond auctions. Meeting of Group of 20 deputy finance ministers (through April 22). • Britain: April meeting minutes of the Bank of England's Monetary Policy Committee will be released. At the April MPC meeting, the committee made no further changes to policy after deciding to extend QE by a further £50 billion at its February meeting. Interest rates were also kept low at 0.5% level. The unemployment rate in February is forecasted to remain at 8.4%. Meanwhile, on the claimant count, economists are forecasting unemployment to have risen by 6.6K in March versus 7.2K in Feb. • Canada: Bank of Canada will offer detailed forecasts in its quarterly Monetary Policy Report, followed by a press conference by Governor Mark Carney. • Japan: March trade deficit is forecasted to expand to 0.43T from 0.31T in February. • New Zealand: Quarterly CPI may show a 0.6% growth against a 0.3% decline in the last quarter 2011. Thursday, April 19 • U.S.: Weekly number of unemployment claims may decline to 370K from 380K on the previous week. Home resales in March are expected to go up slightly (4.62M versus 4.59M in Feb.). Philly Fed Manufacturing Index, however, may decline to 12.1 compared with the previous 12.5. Friday, April 20 • Europe: April German Ifo Business Climate index is forecasted to decrease to 109.6 from 109.8 in March. Also note the annual spring meeting of the International Monetary Fund/World Bank (through April 22) and the extended deadline for some Greek foreign-law bond holdouts (to tender their bonds and for second leg of debt-restructuring accord). • Britain: March retail sales data is expected to show an appreciable 0.4% growth after suffering a sharp decline in February. Retail sales volumes fell 0.8% in February after rising 0.3% in January and 0.7% in December. “If March retail sales do see significant growth, it will significantly boost the likelihood that overall consumer spending was positive in the first quarter and helped the overall economy return to growth after GDP contracted by 0.3% quarter-on-quarter in the fourth quarter of 2011”, analysts at IHS Global Insight say. • Canada: CPI may demonstrate a 0.3% growth in March compared with 0.4% in Feb. Sunday, April 22 • Europe: French presidential election, first round. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Congratulations for all the winners! We wish you Finance, Freedom and Success with FBS! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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FBS Brokerage Services FBS is an international brokerage house providing top quality financial and investment services all over the world. $5 Cash Reward Breakeven Trading Gold Trading Get FBS MasterCard for FREE! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ Trading without losses with FBS! ★★★ A civilized society hasn’t invented better way of protection than insurance. It guaranties compensation of any sudden losses. By this means, insurance is really necessary for everyone. There are many different types of insurance that exist to live a stress free life. So why don’t you reduce the risks and insure your trading?! FBS is the world’s first broker that offers its clients to get their lost money back. Now you have an opportunity to protect your deposit and focus only on making profit. You can insure from 10% to 100% of your deposit. In case your initial deposit is lost FBS will return insurance amount at once.* “FBS Breakeven Trading” details: http://www.fbs.com/breakeven *Only if insurance conditions are met. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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FBS Malaysia Road Tour in Kota Kinabalu Wednesday, April 11, 2012 - 14:00 Dear traders! On the 24th of March the regular Forex seminar as part of FBS Road Tour took place in Malaysia. This time FBS team visited Kota Kinabalu. All the guests had a chance to learn more about FBS and Forex. Hot topics of the seminar: FBS and Breakeven trading promotion Basic Forex Trading Guide Elliot Wave and Trading System How to became successful IB Traders put questions about FBS breakeven Trading and discussed Forex trading with the leading trading experts and analysts. Moreover, everyone who attended the seminar could take part in exciting contests, get special bonuses and win valuable prizes. Detailed information on the next seminar will be available soon on our website. Keep updated! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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Want to more closely with FBS? We do our best to be available to you via all possible means of communication: e-mail, live chat and certainly we understand the role of social networking. Facebook and Twitter are great ways of keeping in touch with traders. We are always online! We also run some contests, such as “Add FBS as a friend” and “Predict NFP”. Traders can discuss their ideas, share experience and also take part and win! It’s very important for us to know your opinion. We pay attention to the ideas and recommendations from our clients. We would like you to know more about our work. And social networking is another perfect way to be friends and stay in touch. We are always online for you! Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ The week ahead: events to watch ★★★ Monday, April 9, 2012 - 06:00 Monday: New Zealand, Australia, Germany, France, Switzerland, Italy and Great Britain: Bank holidays (Easter). Ben Bernanke speaks (11:15 p.m. GMT) in Stone Mountain. The Fed’s Chairman will likely mention the unexpectedly weak NFP (payrolls added only 120K in March vs. the expected increase of 207K). Tuesday: Japan: The release of monetary policy statement and overnight call rate is scheduled. At a policy-setting meeting the BOJ is supposed to refrain from further quantitative easing steps due to weak yen and signs of improving economic conditions, although policymakers could take action at the following meeting on April 27. With interest rate expected to stay near zero, the BOJ doesn’t possess a remarkable liberty of action. China: Trade balance in March is likely to be less terrifying than in February: analysts forecast the trade deficit to decline from 31.5 billion to 3.0 billion. Investors have become increasingly nervous about China's depressed economy in recent sessions. Greek T-bill auction. Wednesday: • Italian T-bill auction. Thursday: Australia: Labor market data should be widely watched. The unemployment rate in March is forecasted to increase slightly from 5.2% to 5.3%. Number of employed people may increase by 6,700 versus February’s 15,400 contraction. Weak February figures may mean that strong Aussie burdens the Australian economy and that the RBA may decide to cut rates in the coming months. U.S.: PPI growth accelerated from 0.1% in January to 0.4% in February. In March American producer prices are seen gaining 0.3%. The PPI is climbing more than the Fed anticipated, though the central bank claims that the rise in energy prices is only temporary. Higher prices diminish the chances for additional QE. Trade deficit in March may contract from $52.6 billion to $51.9 billion. However, according to TD Economics, rising energy prices will continue to widen the trade deficit in February; analysts expect the deficit to rise to $53 billion, the maximum since October 2008. A slight decrease in a weekly number of unemployment claims is forecasted (355,000 versus previous 357,000 – a 4-year minimum posted last week). However, broader outlook on the U.S. labor market in 2012 remains cloudy. Italian bond (BTP) auction. Friday: China: Economy is expected to contract in the first quarter: GDP may decline to 8.4% from 8.9% in the last quarter 2011. Strategists at Barclays Capital warn that the Aussie and other commodity currencies could be weighed down until it is clear the China’s slowdown has bottomed out. U.S.: Consumer Price Index is forecasted to rise to 0.2% in March versus 0.1% in February. TD Economics analysts expect the downward trajectory in annual CPI (drop to 2.5% y/y from 2.9% y/y in February) regardless of the surge in energy prices. Ben Bernanke speaks (5:00 p.m. GMT). There may be a surge of volatility on the Chairman’s comments. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ Update 999 Demo Contest ★★★ Saturday, April 07, 2012 Account#240153 Position: 1st Country: Uzbekistan Balance: 73924.46365657.30 USD Account#244681 Position: 2nd Country: Ukraine Balance: 155279.26 USD Account#244436 Position: 3rd Country: Egypt Balance: 138727.10 USD One week left. We are expecting a dynamic and exciting competition with a lot of surprises ahead. FBS wishes all the participants good luck! Contestants ranking: http://www.fbs.com/9...ipants?type=cur The contest will take place during 13.03.12 - 13.04.12 Contest details: http://www.fbs.com/999-demo-contest Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ FBS Quarterly Report ★★★ Wednesday, April 4, 2012 - 10:00 Q1 Review Traders will remember Q1 2012 for mixed economic data. On the one hand, US economy kept improving. On the other hand, we got some disturbing news from China and the threat of recession in Europe. Geopolitical risk (Syria) and sovereign debt worries (Europe) were also among the main drives of the global financial activity in the first quarter. American stock markets rallied aiming to return to the levels seen before Lehman Brothers collapse (NASDAQ was up by 18%, S&P was up by 14%). Brent crude oil price remains in the area of 125 dollars per barrel. On the upside oil prices are affected by the Iran, on the downside – by the talks about the potential release of strategic petroleum reserves. Higher prices harm global demand hurting the developed economies. Let’s begin our analysis with a look at how the economies of United States, euro area and China have been performing since the beginning of this year. The United States US GDP growth accelerated from 0.4% (q/q) in the first 3 months of 2011 to 3.0% in the final quarter of the last year. Source: Bureau of Economic Analysis, U.S. Department of Commerce Activity in US manufacturing and services sectors is resilient, and manufacturing output has been gaining pace for the 3 months to March. The situation at US labor market has also improved. By March jobless claims have reached a 4-year minimum, while the nation’s economy has been adding in winter over 200K jobs per month, and unemployment rate fell from 9.0% in September, 2011 to 8.3% in January and February, 2012. However, even in the United States not everything is so bright. First of all, America isn’t isolated from the rest of the world, so China’s landing – soft or hard – and euro zone’s problems will surely affect its state. Secondly, inflationary pressures in the US are slowly picking up, trade deficit is widening, while the housing market is still in trouble. Note that trying to predict the market’s sentiment is a tricky thing. US investors seem to think that American economy may stay away from the issues elsewhere and keep growing. As the global markets represent a really complicated mechanism they may even be right: China’s slowdown does not pose systemic risks for markets in a way the credit crisis would. If it leads to weaker commodity prices, this could ultimately be a positive factor for future growth. Europe Euro zone’s economy contracted in Q4 by 0.3%. Moreover, it’s necessary to note that about a third part of the EA17 nations have already entered recession which is defined as GDP contraction during 2 consecutive quarters. The region’s manufacturing sector suffered a poor March: Manufacturing PMI of the currency union came in at 47.7, a 3-month low and the eighth month in row in which output has shrank. The unemployment rate across the euro area jumped to 10.8% in February, the maximal level in at least 14 years. China Chinese Premier Wen Jiabao cut 2012 growth target to 7.5% from the 8% goal which was in place since 2005 as officials seek to shift the economy toward more consumption. Last year Chinese GDP increased by 9.2%. The Bank of China, however, claimed recently that China’s economic growth will be able to remain over 8% for the whole of 2012. China posted the largest trade deficit in February in at least a decade of $31.5 billion as import growth exceeded that of exports in more than 2 times. The deterioration of China’s trade balance may be explained by lower demand from the euro area which is suffering from the debt crisis as Europe accounts for 20% of all Chinese exports. Taking into account reduced overseas demand it’s possible to expect China’s exports to stay weak at least for the next few months. At the end of March the nation’s PMI data made investors experience mixed feelings: while HSBC Manufacturing PMI was below the critical mark of 50, the official index of purchasing managers turned out to be above this level. Official figures helped to lighten the market’s mood, though the concerns about Chinese slowdown haven’t faded and will likely continue haunting investors’ sentiment. Currency majors in Q1 2012 New Zealand’s dollar was the best performing G20 currency this quarter, rising more than 5% against the greenback. Japanese yen performed the worst, falling more than 7% versus US dollar. American currency lost to all its major counterparts except yen (due to monetary stimulus by the Bank of Japan). The greenback was weakening in January and February and then retraced some of its losses in March. Q2 prospects Euro European policymakers have finally started showing real efforts in combating the crisis in the first quarter. There was the Greek restructuring deal, approval of the second bailout to Greece and expansion of the anti-crisis firewall. However, significant risks still exist. Among them one may cite the risks of/that: - Potential euro zone’s economic slowdown and recession; - Defaults of other indebted European economies; - The size of the bailout funds may turn out to be insufficient; - Of implementation associated with the European rescue and reform packages. The first risk seems to be the most severe. As the so-called PIIGS countries have to conduct severe austerity measures, it becomes more and more difficult for them to restore their competitiveness that is leading to social unrest. Combined with the electoral cycle in these countries, the political landscape is shifting to right wing nationalist parties. If these parties are successful, the implementation risks surrounding these austerity programs will be escalated. French presidential elections on April 22 and May 6 could also be a catalyst for intensifying trouble. As a result, despite the political progress made so far it’s really hard to find in Europe some drivers which are capable to trigger the growth of the single currency in the medium term. US dollar One may say with high certainty that the greenback’s performance will depend primarily on further actions of the Federal Reserve. The main question remains the same: will the Fed launch QE3 to promote economic growth or not? In March the Fed’s Chairman Ben Bernanke acknowledged the US economic improvement, but underlined that the option of more quantitative easing should be left open, because the economy isn't strong enough to continue quickly reducing unemployment. Bernanke doesn’t expect jobless rate to keep declining. The policymaker warned that the recent signs of improvement at the labor market may be the result of statistical errors. Some experts also note that the market has began expecting too much from US economy and, consequently, may be easier disappointed if the actual data fails to exceed the forecasts which tend to get higher and higher. Another important development is that the inverse relationship between US dollar and investors’ risk appetite started to fade. Never the less, don’t hurry to take risk. We see steady growth for American currency possible only if QE3 is completely taken out of the Fed’s agenda and that isn’t very likely in Q2. In addition, US GDP growth may have slowed in the first quarter. Don’t forget about the negative effects of higher oil prices which may increase inflationary pressure and the fact that tax cuts are set to expire by the end of the year. British pound UK economy is still having a lot of problems and consumer sentiment is weak as high unemployment and weak wage growth don’t encourage British to spend. At the same time, there are some positive things ahead: Diamond Jubliee and Olympics will certainly support the nation’s economy. UK inflation is also expected to decline further which would make consumers feel better. In addition, Britain’s Manufacturing and Construction PMIs posted the readings above 50 in March beating the forecasts pointing at the expansion of these industries. If GBP/USD manages to steady itself above the 200-week MA, its chances to continue growth will significantly increase. Remember, though, that Britain is strongly affected by the situation in the euro area, its main trading partner, so the downside risks still seem considerable. Japanese yen Japanese yen has weakened versus the greenback in Q1 as the Bank of Japan has given in to political pressure increasing in February its asset-purchase program by 10 trillion yen ($128 billion) and setting an inflation target at 1%. The greenback on its part was driven by the rising yields in the United States (10-year Treasury yields added 27 basis points). USD/JPY has managed to break above its long-term downtrend leaving the range within which it was trading in the second quarter of 2011. The pair consolidated above 100-week MA. We’ll get a bullish signal if the weekly Ichimoku Cloud switches upward. Note though that April has been traditionally a good month for the yen because domestic investors tend to transfer funds abroad the start of the fiscal year after the March repatriation. However, this year the demand for yen wasn’t that high as Japanese importers were selling large amounts of the national currency – Japan has to import much nowadays (energy resources). So, yen’s expected to weaken modestly due to the BOJ’s loose policy, weak fundamentals and an increase in risk appetite – the factors which don’t encourage demand for yen as a safe haven. Swiss franc Although euro zone sovereign debt crisis hurts Swiss exports, Switzerland may avoid contraction with the help of relatively resilient domestic demand. Swiss fundamentals remain very strong: the nation has balanced the fiscal account, public debt is declining and government bond yields are lower than in Germany and the US. The nation’s economy has regained some strength: investors’ confidence rose for the third month in March. Foreign sales, adjusted for inflation and seasonal swings, increased by 9.2% in February (m/m). The Swiss National Bank raised 2012 GDP growth forecast from 0.5% to 1%. The SNB’s EUR/CHF floor at 1.2000 helped to stabilize Swiss franc. Market participants expressed enough confidence to this level and we have seen the pair’s trading range narrow to the levels between 1.2000 and 1.2100. At the same time, deflation remains a considerable threat which could push Swiss economy into recession. If deflationary pressures intensify in the coming months, the SNB will likely opt to raise the currency floor, though with oil prices rising steadily year-to-date, the likelihood of such outcome has diminished. Swiss consumer prices rose by 0.3% in February after decreasing by 0.4% in January. Australian dollar Australia is heavily influenced by China’s business cycle. Speculation that China may experience a harder landing than expected weighted on the Aussie dollar this quarter and will likely continue to do so. Many economists expect the Reserve Bank of Australia to cut rates in May. The central bank itself decided to take a “wait-and-see” approach intending to take into account the first-quarter CPI data (released on April 24). In March the nation’s consumer prices rose by 1.8% (y/y) showing the slowest pace since October 2009. In addition, Australian annual budget is released on May 10. If the signal from the budget is deep fiscal cuts, the RBA will likely be forced to ease monetary policy to accommodate tighter fiscal conditions. Canadian dollar Canadian economy grew in line with forecast at 0.1% in January. Although the nation’s GDP growth has slowed from the last quarter of 2011, its economic outlook seems optimistic as it gains from US growth and higher oil prices. As Canada released the spending plan with a goal to balance the country’s budget in 2014-2015 and achieve surplus in 2015-2016, S&P confirmed Canadian top credit rating – the factor which makes Canada stand out among G10 nations. As a result, loonie has all chances to continue gradual appreciation. Forecasts from major banks Data was submitted on March 30, 2012. Source: FX Week Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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★★★ FBS improves conditions of Introducing Broker program ★★★ Tuesday, April 3, 2012 - 13:45 Dear clients! In recent times FBS has considerably improved trading conditions for traders. Now it’s time to please the partners. We are happy to inform you that from the 9th of April partner commission on Micro trading accounts will be fixed and increased to 1.5 pips. Traders with Micro accounts will notice appreciable execution speed increase. Market execution will be available on Micro account as well as on Standard and Unlimited ones. Note please that minimal fixed spreads on Micro accounts will be extended. Spreads during news release and high volatility can still be widened. Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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First trader to get the lost money back! Thursday, March 29, 2012 - 13:45 Dear traders! We are happy to announce the good start of FBS Breakeven Promotion. The first trader who got his lost deposit back is Muhammad idris A. wahid from Indonesia. The trader insured 2024 USD (65% of his deposit). As soon as the insured amount was lost and all the conditions were met (required volume was 253 lots) FBS indemnified Muhammad’s lost funds at once. The happy trader got 1000 USD bonus from FBS as the first person to try out advantages of FBS Breakeven Trading. Muhammad visited our Indonesian office and shared his impressions about FBS and Breakeven Promotion. How do you feel when you got your Money back? Amazing, this is really happened! FBS is the only broker who returned my deposit when I LOST it. This is Great! I could be relaxed while trading now. I do not worry anymore if I lose my money again in the future. I wish FBS and FBS traders all the success. How did you know about “Breakeven trading”? I got the information about it from FBS website, but to be honest I understood all the details clearly with the help of me partner Mr. Marlam. What do you like about FBS? FBS has many advantages: 1. Flexible Insurance 2. Indonesian speaking Support and website 3. We can make a deposit using the Local Bank. There is no need to use Liberty Reserve first. Honestly, that is the reason why I choose FBS and also because there is no commission at all. Was it difficult for you to trade required lots volume? I felt it difficult to trade required volume, because of the additional 1 pip. In my opinion that would be better to make only 0.5 extra pip and 2 times larger required volume instead. Will you insure your funds again with FBS Breakeven? Sure, I will. In order to get detailed information about FBS Breakeven Trading simply visit: http://www.fbs.com/breakeven Work with FBS , be friends with FBS and be successful! Best Mini Forex Broker 2010 - 2011
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