Internationalization of the RMB by 2040?

by China Digital Times

With the renminbi in the headlines again last week after the People’s Bank of China set the dollar reference rate at a record high, The People’s Daily addressed the future of China’s currency on Monday:

China should mainly focus on the international settlement function of the renminbi…

10 Reasons The Reign Of The Dollar Is About To End

Michael Snyder at Business Insider

The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen. For decades, the use of the U.S. dollar has been absolutely dominant in international trade. This has had tremendous benefits for the U.S.…

BRICS Forex Pact Not Seen As Game Changer

By Eva Szalay Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--A new push by key emerging markets to boost the role of local currencies when trading with each other could eventually challenge the greenback's dominance of global trade, but most experts see it as just symbolic, at least for now.

The heads of Brazil, Russia, India,…

Interesting read for Metatrader users... great job Alexander!

Francesc

MetaTrader Build 418 Bug Alarm: How to Switch back to the Previous Build Version!

A couple of days ago, Meta Quotes released build 418 of the Meta Trader 4 terminal. The problem is that the build includes a serous bug and as the result most expert advisors…

Scary... isn't it?

Francesc

M&G’s Mike Riddell: UK economic recovery worse than Great Depression, and no sign of improving

It was announced this morning that the UK economy grew just +0.5% in 2011, a downward revision from +0.7% previously announced. As the chart below from Citi illustrates, the UK economy has stalled. UK real GDP is 4.1% below its pre recession peak, which makes this ‘recovery’ worse than the Great Depression.

The UK’s experience…

FXDD 1st to Offer Four New Currency Pairs Including US Dollar/Onshore Renminbi

NEW YORK, March 28, 2012 /PRNewswire via COMTEX/ -- FXDD, a leader in online Forex trading and education, today announced the addition of four new currency pairs available to retail traders through the firm's MetaTrader 4 platform:

USD/CNY…

FOREX CLUB APPOINTS NEW US CEO 

FOREX CLUB, a leading online brokerage company in Russia and the CIS, has today announced the appointment of Michael Klena as CEO of FOREX CLUB, LLC, its US business headquartered on Wall Street. The appointment, which is effective immediately, re-affirms the company’s commitment to global network growth and development, introducing new platforms and services to clients.

In this new role, Michael will…

Most Watched Recordings: Week of March 19th to March 25th 2012

#1 Sam Seiden - Trading and Analysis

#2 David Pegler - How to find buy and sell zones on your…

Federal Court in Puerto Rico Orders Angel F. Collazo and ACJ Capital, Inc. to Pay over $3.7 Million for Solicitation Fraud and Issuing False Statements in an Off-Exchange Foreign Currency Scheme

The CFTC announced that it obtained a federal court consent order requiring defendants Angel F. Collazo, of Salinas, Puerto Rico, and his company, ACJ Capital, Inc., jointly and severally to…

I want to congratulate the guys at Seekingalpha.com for reaching 1 million members and for the amazing job they are doing. I'm a huge fan of their site and I visit it almost on a daily basis, mainly for some of the good articles they have.

Seekingalpha.com is also a site of inspiration for me as they have some great features I wish I had on my own site.

Two thumbs up…

Regulator investigating currency scheme

by Anthony Klan at The Australian

The Australian Securities & Investments Commission is investigating whether the company, Your Trading Room, operated by banned company director Les Freeman, has…

Best forex promotion ever – get paid to lose

by Michael Greenberg at Forex Magnates

Forex marketing was never as competitive as it is now – low technology costs and consolidation in the market drove client acquisition prices considerably up.

This trend requires brokers to think of more and more creative ways to market their services to clients. We’ve seen…

BATS faced revolt over IPO

The Wall Street Journal

BATS Global Markets killed its initial public offering on Friday to head off possible litigation and minimise damage to the computerised stock exchange's credibility on Wall Street, people familiar with the matter said.

A glitch on Friday morning disrupted trading of the stock within seconds of its…

Our head of e-Sales Colm Mullan sent me this... unfortunatelly, we still have plenty of these guys in our industry... hopefully we will get rid of them someday

Francesc

Investors cash in on web-based scams

By Mark Ward Technology correspondent, BBC News

Some people are putting money into online scams even though they know they are fraudulent, suggests…

Hi everyone

MahiFX is a New Zealand's Retail Forex Brokerage firm that has been recently launched in London. It has generated a lot of interest in the industry not just for picking up a very original name for the company but also because of a buzz campaign through an interactive info-graphic "Your Salary vs. John Paulson's" that calculates…

Tradenext Launches in London with Enhanced Trading Experience

LONDON--(EON: Enhanced Online News)--Entrepreneur Saira Khan, officially opened Tradenext Ltd’s London operation.

“Our accumulated local knowledge and experience is invaluable, and combined with our global expertise, we firmly believe we have the tools to become a dominant force in the emerging…

Forex Club sells minority stake to Quadro Capital Partners, plans an IPO

by Michael Greenberg at Forex Magnates

Forex Club just announced that it sold a minority stake (believed to be in the region of 5-10%) to Quadro Capital Partners, a Moscow based private equity firm.

Forex Club is one of the largest and oldest brokers in the…

European banks try to get around Dodd-Frank

By Stephen Gandel, senior editor at CNN Fortune

For foreign banks, Dodd-Frank might have an escape hatch.

FORTUNE -- Foreign banks may have come up with a way to remain eligible for U.S. bailouts without having to follow some of the pesky rules that came out of the financial crisis, rules that were meant to prevent…

As you might already know, Ed Ponsi, long time contributor on FXstreet.com website, will be one of the guest speakers of our International Traders Conference in Barcelona next June.

He just confirmed the topic of his one-hour speech: "The Future of the Dollar"…

Most Watched Recordings: Week of March 12th - March 18th 2012

 #1 Sam Seiden - Trading and Analysis

#2 Greg Michalowski - Stepping through the…