Australian watchdog suspends two ... - Forex Crunch

Will Aussie repeat the hat trick? Forecast as of 03.11.2020

Will Aussie repeat the hat trick? Forecast as of 03.11.2020
The second quarter is likely to be the same as the second one. However, the disaster is not going to be so dramatic. If so, we have a pattern to trade the AUDUSD. Let us discuss the Australian dollar outlook and make up a trading plan.

Monthly Australian dollar fundamental analysis

What doesn't kill makes one stronger. The RBA’s monetary expansion should have crashed the Australian dollar. RBA not only cut the cash rate down to the all-time low of 0.1% but also boosted the purchases of assets with a maturity of 5-10 years within QE by AU$100 billion. The RBA has become one of the first to react to the second pandemic wave. However, the AUDUSD, instead of falling, surged up to the bottom of figure 71. Bloomberg experts anticipate such measures of the regulator, and the time for maneuver was not right. It is not wise to ease monetary policy on the day of the US presidential election, is it?
According to Philip Lowe, the increase of the QE size will support economic recovery amid lower costs of funding and exchange rate, as well as higher assets’ price than it would be in the opposite case. RBA must have tried to improve financial conditions, as the Fed did. It was one of the reasons for the US economic growth in the third quarter. In the fourth quarter, the US GDP should face a downturn because of the difficult epidemiological situation. Australia, on the contrary, has coped with the coronavirus through a strict lockdown in Victoria. So, Australia’s GDP can well go up.

Dynamics of COVID-19 cases in Australia


https://preview.redd.it/z0b18quhc0x51.jpg?width=629&format=pjpg&auto=webp&s=ed290b23768a625aba0bb3c0a891f975388ab309
Source: Trading Economics
According to the RBA forecasts, Australia’s GDP in the 2020/2021 financial year will expand by 6%, in 2021/2022 - by another 4%. The forecast for the unemployment peak has been cut from 10% to 8%. The core inflation will grow by 1% in 2021, and by 1.5% in 2022.
In addition to the domestic positive factors, foreign news also supports Aussie. Despite the disputes between Australia and China, which imposed tariffs on Australian barley, launched an anti-dumping investigation into Australian wine, and suspended imports of coal and lobsters from Australia, I believe that the trade relationships will be improved. China is the largest market for Australia. China’s economic growth by 1.9%, according to the IMF forecast, will support the AUDUSD bulls. Based on the yuan price changes, the AUDUSD looks undervalued.

Dynamics of AUDUSD and USDCNY


https://preview.redd.it/mqvioyaic0x51.jpg?width=634&format=pjpg&auto=webp&s=8db6d6a5debdaf671ce4902ce6fc43f2960f4ebb
Source: Trading Economics

Monthly AUDUSD trading plan

In general, market sentiment indicates that the fourth quarter for the global economy will be similar to the second one, although the disaster scale will be smaller. If so, we have a pattern to trade the Aussie. In late March, I recommended buying the Australian dollar in the range of $0.59-$0.62 amid the expectations of the V-shaped recovery of China’s economy, and this trading idea was winning. Now, there is another chance to repeat the hat trick provided that Joe Biden wins the election.
Biden also promises to attack China for its economic and human rights violations, the US-China relations are going to improve. As a result, the entire Pacific region will benefit. Australia, with its successful COVID-19 strategy, is no exception. If Biden wins, buy the AUDUSD with targets at 0.729 and 0.733.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/will-aussie-repeat-the-hat-trick-forecast-as-of-03112020/?uid=285861726&cid=62423

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The Daily Autist, By An Autist, For Autists. 03/24/20

The Daily Autist

03/24/20

Hot Off The Spectrum

TLDR of the News to Inform Your Moves (Monday was a lot. Even my post is long)

What’s up sluts. I’m back with another burst of autism. I’ve been Rick fuggin Rollin in the tendies (AKA not hemorrhaging money) and these posts have been fairly accurate. I’ll be adding plays to the NostraLosses section as a result to bring more clarity to my dumbass takes.
FIRST THINGS FUCKING FIRST THE ORIGINAL AUTIST ARTIST WHO DREW THE OLD LOGO HAS COME TO LIGHT IM SO FUCKING HAPPY. We’ll never get it back, but sometimes closure on it’s own feels good enough. What am I a fucking teenager? The rest of the sub was shit yesterday/this morning.I was shadowbanned for posting “Fear mongering Corona Content,” and yet 75% of the sub’s hot posts are exactly that but with even less info than I had. Rest is memes. No plays or info. Honestly kinda sad.
https://www.reddit.com/wallstreetbets/comments/fnpz20/hey_yall_i_drew_the_original_baby_ama/
Obligatory Corona Dump (Monday news could not stop throating COVID content)
Things are in such a Twilight Zone State Amazon is getting credit for being “altruistic,” like they didn’t hike up prices since late January themselves and only altered their practices once Trump threatened Defense Production Act (DPA) notice they’re also only suspending, so once things are just slightly back to normal please price gouge errthang.
https://www.scmp.com/tech/big-tech/article/3076638/amazon-suspends-almost-4000-seller-accounts-unfairly-priced-products
Costco is also getting unwarranted credit. They won’t take back your tower of toilet paper or tub of hand sanitizer, which COSTS them money they already made. Did they have any problem hiking the price, refusing to limit sales per person, not give their employees PPE, or donate any relief from their excess food products due to banning eating at the location and numbers going down? Nah? ok. So the good guy is the company that profited off of fear and won’t provide the minimum financial relief to those who thought it was that extreme. Stop demonizing your fellow worker citizens.
https://brobible.com/culture/article/costco-toilet-paper-returns-hoarders/
Companies getting high praise and both articles implying a return to normalcy soon. How does that affect the markets? Normies are being told everything is okay and they will follow suit. Is everything okay? Absolutely not. These MFs in charge just announced unlimited QE yesterday nothing’s okay financially. Retard normie pump coming in.
Financial News:
Trump is saying that unless 10,000 die in the streets soon he’s gonna “re-open” the economy after the 15 days. At this point it’s a bit of a walking Onion article. Thursday?” ITS A WAR WE WILL CAPTURE AND KNIFE COVID’S ASSHOLE”. Friday? “This is serious. I do not want to use any drastic measures but I will. This is very verry serious.” Monday? “Isn’t being stuck inside fucking wack? Let’s open the pit up bro” I recommend watching the video with subtitles to get a transcript of his speech patterns.
https://www.reuters.com/video/watch/america-will-again-and-soon-be-open-for-id701434357?chan=9qsux198
I predicted the Fed couldn’t devalue the dollar as fast as other countries could want it and it seems to be holding up. A very small dip from the news they’re willing to print unlimited moneys? The global economy is in trouble if that's still the stability bearer. Puts are lookin good, but they need to be farther out. 04/17 soonest for my comfort. Especially with the temporary re-open of the US economy. Seeing Reuters use “money bazooka,’ multiple times in the last week has been fantastic.
https://www.reuters.com/article/global-forex/forex-dollar-slips-as-feds-money-bazooka-raises-hopes-of-easier-cash-supply-idUSL4N2BH2AF
Italy’s debt, tax, and unemployment relief are all being held up by congressional disputes and an ability to only handle a tenth of the paperwork that comes in. Sound familiar? Maybe ominous? The population density in regions of Italy is our closest analog to how a free (eat my dick South Korea) country is gonna get hit. Their healthcare system is also tainted by for-profit companies and insurance so it’s also pretty similar medical coverage wise per capita.
https://www.reuters.com/article/us-health-coronavirus-banks-insight/banks-struggle-to-ride-to-the-rescue-in-europes-cash-crunch-battle-idUSKBN21B0OE
United Airlines is threatening to fire workers if they don’t get a bailout. I hope to fuck this is the tipping point and the government forces United to hand over their payroll list so the gov. Provide financial relief to their employees while United liquidates their assets or sells to some Saudi Conglomerate. Effect on market? PUTS ON UNITED BITCH THEY GOIN OUT
https://www.npr.org/sections/coronavirus-live-updates/2020/03/20/819401028/united-airlines-threatens-to-cut-jobs-if-coronavirus-aid-package-isnt-passed (From 03/20 but was drowned out by other news. Looks more and more likely airlines won’t be bailed out)
Everyday Fox business posts something for Boomers to buy more Ford or Dine stocks (idk what old people buy) and today they have some good ammo. Overnight futures were up. Pre-market today as of 06:31 EST is $234.72 after touching 238. Looks like today is going to be the bull trap day as the rumors of stimulus are hot again. If it gets passed I expect a 245-248 top before the unemployment numbers Thursday fist everyone. Market effect? Short term calls as everyone gets high on optimism and long term puts for when they come down.
https://www.foxbusiness.com/markets/stock-futures-gain-ground-as-congress-moves-closer-to-a-stimulus-deal
Crypto is taking off after tanking yesterday. Overnight rally (NZ markets followed by Asian markets) carried it up 14% in the last 16 hours. It started to rise slowly after the QE announcement but really flew overnight and this morning. Cooling off now but already had a dip to 6650 and right back up to 6700+ While not always correlated, crypto is a key indicator right now in speculative confidence while people are budgeting for maintaining their lives versus increasing their future wealth. No link because every crypto site is owned by a Ponzi schemer. Fight me and my tinfoil fucking hat. Here are some squigglies and bars
https://www.tradingview.com/symbols/BTCUSD/?exchange=BITBAY
My NostraLosses Prediction? The rumors of stimulus and the passed unlimited QE will provide market optimism today and tomorrow. Thursday’s unemployment numbers is the next scheduled big news so I wouldn’t get any short term puts unless scalping. If anything unexpected news could bring the market even higher with it being random good news versus any random catastrophic news. Market open will be up about 6% from the previous day’s close, so I expect a short term dip at open which would be a good spot to get quick calls to then ride the pump. Market closes above 235 and if stimulus passes along with more false optimism statements by Trump there’s possibly a sharp bull run to 245-248 by end of Wednesday.
Plays to follow:
SPY: 240c 03/27 once the first dip of day happens. If your bankroll allows for a few days farther out I would go for it. If SPY does hit 240, SELL call and BUY put for 228 04/01 at soonest.
DIA: 190P 04/17 It hasn’t fallen nearly as hard as it should (another 5% imo) and the industries making it up are going to have numbers showing how bad the payroll cuts and profit loss has been. During today’s pump get some not so fucking expensive puts (made sure not to say cheap)
Any Stupid Tech Company: Retarded OTM call for 03/27 or later. With so many people being stuck at home the last week or so the tech companies are outperforming the market with the idea that: The high user rate means more $$$, but if there’s more people on because they are not working or laid off, how do they have the money to buy shitty sponsored products on their feed? The kicker here is ads have always had near useless efficacy rates on social media so the fact they will continue to do a shit job might not change much. Anyway people are fucking dumb and tech gonna continue to rally this week. Signed, someone with 1.5k in TWTR Puts expiring over next 4 weeks.
Most people don’t even give you one play. I’m giving you multiple ways to lose your money.
TLDR of my TLDR: Companies who profited off the crisis getting karma points for no reason. Normies think the crisis will be over next Friday. International currencies are still erratic but the markets are rallying today globally (sign of lacking underlying stability for said rally). Italy can’t pass anything or handle the paperwork from their previously set up process (AKA USA in 7-10 days under current stimulus proposals) and they don’t have a solution in sight. Stimulus has everyone rock hard for calls again, ride the short term rise and pick up puts while you’re up there. Just be a long term gay bear experimenting with bulls depending on the day.
Results on my thoughts from last post 03/23: I was incorrect on circuit breaker open but was only 1% away and it did run up mid-day as called. So if you sold at 218 to buy calls to sell a few hours later, we nailed it boys. If you were aiming for price instead of time, it never hit 234 again which was a key test and you’re likely sitting on a fat red option right now. I was about half right which is all you need to be. I’ve also switched up Market affect and effect because I’m retarded and am unsure which is right anymore. Nvm grammarly fixed it.
And again, I mean this sincerely,

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Binance.US -- STEALS USERS MONEY

To everyone using Binance.US and whoever is thinking about it..
DONT DO IT!!
THEY WILL STEAL FROM YOU AND WONT PROVIDE ANY SUPPORT WHATSOEVER!!
I was using Coinbase Pro for a while and decided to try out Binance.US for a bit and at the beginning everything was fine. I did the MAX level of verification and have deposited about $2,000 in there and have been making trades testing everything out before making more significant deposits.
Everything was ok as long as I was depositing money.. but the second I wanted to transfer money out to my Trust wallet they all of a sudden suspend my account during the withdrawal process and now they won't reply to a single ticket I've submitted for the past 7 days.. Not one. The only spec of information that I got was as I was trying to transfer the ETH it popped up saying ”error” and then after that it said ”risk management” and now it's locked up and they've ignored all my attempts to resolve things.
My friend warned me about this exact thing that happened to him but I thought he was just messing around with me.. but I guess not.
Binance.US has no live chat available and consists of the most basic of support ticket systems for contact.. and an absolutely pathetic FAQ section and not a single spec of information to help guide through this process.
I tried contacting the regular Binance and they told me that they can't help me and don't know anything about Binance.US and what to do.
DO YOURSELF A FAVOR AND DONT USE THIS DOG SHIT SERVICE!!
Here's a list of all the other exchanges and services I've used and continue to use without any issues whatsoever.
KuCoin, Crypto.com (App), Bittrex, BitMart, ABRA, Trust Wallet, Shapeshift, Kyber, Loopring, Gate.io, Bilaxy, BitForex..
There's a couple more but you get the point. If you want a referral let me know.. I can use the help after this bullshit.
Anyways.. If you're thinking about using Binance.US just do yourself a favor and throw your money out of a speeding car while beating off with your eyes closed.. and then try and backtrack to find the cash with your head down in shame.
You'll have a better chance recovering your money by doing that.. then having one of these cucks actually reply.
🖕😷🖕YOU SUCK BINANCE
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Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20

Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20
Heyo folks! Want to get off the COVID-19 news cycle? Hop onto the Parachute express. Here’s your week at Parachute + partners (20 Mar - 26 Mar'20):

Doc Vic hosted a CoD Mobile Battle Royale in the Parachute War Zone while Alejandro hosted a gun mode flash game followed by a free for all flash game. The PAR4PAR raffle continues too. Get on in the action to win some cool $PAR just for HODLing. Afful held a trivia in TTR for 1k $PAR in prizes per question. While Gamerboy’s history trivia in tiproom was a ton of fun, Charlotte’s math quiz bamboozled everyone. Foo held a blink-and-you-miss Parena this week. Gian’s Two-for-Tuesday was a welcome respite in these testing times with Parachuters invited to post music from their home countries. Sebastian, like always, was a Godsend for setting up a playlist of all the posts. For #wholesomewed, Parachuters looked for "the most ridiculous item for sale of Amazon". Haha!
The wackiest #wholesomewed entries from Streamr, Franklin and Christian (L-R)
Click here to watch this week’s aXpire update video. For the weekly token burn, 20k $AXPR was sent to the Ethereum Genesis Address. 2gether has observed a 236% rise in crypto purchases during the COVID-19 crisis period. Results of these findings were published on Cointelegraph as well as shared in a video by YouTuber Tiziano Tridico. Bounty0x Telegram community members were in for a treat this week. The project partnered with Unstoppable Domains to offer a free .crypto domain to everybody who followed the instructions here. Switch published their latest product update this week. Click here to read about Fantom’s views on regulations and expansion plans in Korea. The latest technical update was published as well. Following the project’s partnership with Band Protocol which was announced last week, the two teams got together for an AMA this week. Plus, congrats on reaching 1Bn staked $FTM! A brand new API was released so that it could keep up with the chain followed by the release of its chain explorer – Fantom Vision. Uptrennd founder Jeff Kirdeikis hosted a community AMA to take feedback on how to improve the platform. Jeff also wrote about the markets and how they have affected Uptrennd amidst the COVID-19 situation. And congrats on the merch shop. Get your Uptrennd gear, folks! Digibyte won the public vote which started last week to select a project for a free free review + marketing package from Uptrennd. The report will be published next week. Entries for the Article of the Month contest ended this week with a public vote to adjudge the best. CyberFM suspended all On-Air advertising this week to be replaced by public service announcements and free advertising for small local businesses.
That is a big jump indeed
Harmony’s #pow thread is a detailed summry of the individual-level work of all team members over the last week. The weekly video digest can be seen here. The crew also conducted a meetup over Zoom this week. Validators, delegators and stakers have their own chat room now as well. The winners of the $ONE trading competition on ViteX started few weeks back were announced this week. Privacy protocol Suterusu partnered with Harmony to add new privacy features to the $ONE blockchain. $ONE got listed on SimpleSwap. Mainnet swap was completed on HitBTC. Did you know it would less than a minute to recover your node after a network hard reset? Check out this video to see for yourself. Plus, a demo of how cheap a transaction can be showed you could do almost a thousand transactions with 1 $ONE. The project also joined hands with several other blockchain companies to contribute computing power for COVID-19 research through BOINC Network. Intellishare announced a deadline (24 Apr’20) with withdraw all funds from their website to prepare for an upgrade. GET Protocol CEO Maarten Bloemers wrote penned his thoughts on the present COVID-19 crisis and how the platform is coping with it. Despite the lockdown, the team’s “spirits” continue to remain high. Get it, get it? Haha. As the Q1 2020 burn report gets close, the community got together to guess the burn amount to win some cool $GET tokens. THE $COTI top management were invited by Cardano this week to talk about payment networks. Following the claim reward option released last week, the unstake option was also made available to stakers on the mainnet wallet starting this week. A new upgrade was made to the transaction distribution algorithm to ensure fair chance to all participating nodes in the network. For the latest project status report, click here. Plus, congratulations on the new funding round. $ETH HODLers, you might want to check your wallets. DoYourTip airdropped 20 $DYT tokens to each wallet that held some ParJar supported tokens this week.
New unstake option in the COTI mainnet wallet
This week’s District0x Dapp Digest had former professional basketball player and founder of DAOhub Auryn Macmillan as an interviewee. The District Weekly covers the last 7 days in the District0xverse. Hydrogen announced an integration with KYC provider Trulioo this week. The project was also mentioned in a Forbes article listing fintechs that were offering free technology in the COVID-19 crisis. Thinking of building a fintech app? The crew explained what it takes to make one in their latest blog post. Crypto chartist Stacking USD announced a partnership with Sentivate where he will be creating curated $SNTVT-focused content. Still haven’t seen Sentivate’s social site? Check out the FAQs to learn more. BitForex partnered with Mycro to have their latest campaign on the Mycro Hunter App. SelfKey joined Blockfolio Signal this week. This allows them to share project updates as notifications with Blockfolio users. How could COVID-19 affect your data security? Read all about it in SelfKey’s latest blog post. Plus, tips for WFH (Work From Home) during the lockdown. WhiteBIT was added to the exchange marketplace this week. The team also answered some FAQs on the $KEY token and tokenomics. Additionally, the team wrote about how China’s Social Credit System would mean for the digital identity ecosystem. KuCoin announced support for Constellation’s $DAG mainnet swap. CEO Ben Jorgensen also shared some updates on the swap and onboarding node operators. Owing to the COVID-19 lockdowns, Wibson crew attended this week’s Ethereum Buenos Aires meetup on Zoom.

And with that, it’s a close for this week at Parachute! See you again with another update. Bye for now!
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The ePayments system suspends work after the UK regulatory check

The ePayments system suspends work after the UK regulatory check

https://preview.redd.it/tzkmj8prlig41.jpg?width=1000&format=pjpg&auto=webp&s=0d465987aa782a8a67bec53ee703bb9cc18e3f9c
There is nothing to worry about now. The payment system did not cease operating, it only suspended user operations at the request of the regulator. User funds remain in the accounts of the company, which is officially registered and operates in accordance with the British law.
It is important to remember that, considering the amount of funds in accounts of the platform and the vast number of users, the UK financial authorities will strongly control the situation with ePayments. Upon elimination of violations revealed during the review, assets will be unfrozen.
Most likely, current events may be connected with EU’s Anti-Money Laundering Directive (AMLD5), which has already affected many projects related to cryptocurrency. So, for example, the Derbit exchange was forced to leave the European Union and start operating from Panama.
The majority of the payment system’s users are representatives of affiliate marketing systems and various forex brokers, some freelancers and representatives of online businesses.
We advise users whose funds have been frozen to wait for the resolution of the legal requirements. Perhaps it will take just a few days. The details of the current situation have not yet been disclosed, but from the company’s official letters it can be concluded that they were ordered to suspend operations at the request of the FCA and will unfreeze their customer accounts as soon as they fix lapses in their anti-money-laundering procedures.
Currently, the new account openings have also been banned but it is expected to be resolved soon too.
submitted by bestchange_pr to bestchange [link] [comments]

Some news you may have missed out on part 79.

-Pakistan to host ‘AdAsia – Asian Advertising Congress’ this year
In a logo unveiling ceremony held at Faletti’s Hotel Lahore, on Sunday, it was revealed that AdAsia 2019 —Asian Advertising Congress is going to be held in Pakistan this year. AdAsia is the largest and most prestigious advertising congress in Asia, organized bi-annually by the Asian Federation of Advertising Associations (AFAA). The AdAsia 2019 Congress will be held in Lahore at the Lahore International Expo Centre from December 3 to 5. The theme for the Congress is ‘Celebrasian: Celebration of Advertising and Creativity in Asia’.
-IDB to lend Pakistan oil worth $4.5 bn
The spokesperson for the Ministry of Finance on Saturday claimed that the Saudi-backed Islamic Development Bank (IsDB) will lend Pakistan oil worth $4.5 billion. “The IsDB will lend Pakistan oil worth $4.5 billion over three years. The oil will be lent in three installments of $1.5 billion each every year,” the spokesperson added. The Ministry of Finance spokesperson further said that in the first phase they have received oil worth $100 million and oil worth $270 million will be lent in the second phase. “We are also in talks with the IsDB regarding lending of liquefied natural gas (LNG),” the spokesperson added.
-Economic revival: PTI government relief package earns Rs 125 billion immediately
The federal government’s relief package for the stock market in the ‘Mini-budget’ on January 23 has brought positive impact. KSE-100 index settled at 40,254 points with a rise of 958 points within one week. The business-friendly concessions including abolition of the advance tax of 0.02pc on share trading under Presumptive Tax Regime and super tax in the mini-budget have been welcomed by the stockbrokers and industrialists altogether.
-69 women constables complete elite commando training in K-P
Over 7,000 personnel of the Khyber-Pakhtunkhwa (K-P) police, including 69 women constables, have successfully completed a grueling Elite Commando Training Course. As per a statement issued by K-P police’s public relations, the police personnel completed training in 15 basic courses conducted at different training centres. Most policemen, including the women constables, voluntarily opted for the tough four-month long course. The communique also said another batch of women commandos is currently being trained and shall soon be elevated to the rank of elite commandos.
-Karachi police chief makes surprise visits, suspends four police officials
In a surprise move, Additional Inspector General Police Dr Amir Shaikh on Saturday visited different areas of the city, disguising himself as a common citizen to witness the performance the police force. A police spokesperson said that the Karachi police chief suspended four police officials, including two ASIs over violation of duty rules and harassing public. He said that the police officials were found harassing people instead of controlling traffic at MT Khan Road in Sultanabad. The officials were from Jackson and Sultanabad police stations, said the spokesperson and added that the police chief had directed SP Traffic city and DSP to submit report over the issue. In-charges of Jackson and Sultanabad police stations along with record keepers were also summoned by the AIG Dr Amir Shaikh, said the spokesperson.
-In a historical move, Pakistan elected as Vice Chair of Asia Pacific Ministerial Forum
Pakistan was elected as the vice chair at the third UN Environment’s Forum of Ministers and Environment Authorities of Asia Pacific that was held in Singapore from January 23 till January 25. The newswas revealed in a tweet by Adviser to Prime Minister on Climate Change Malik Amin Aslam. He said Pakistan got elected to the position owing to the country’s ‘sincere and dedicated’ environment preservation endeavours.
-Pakistan Army achieves historic milestone on Pakistan Afghanistan border fencing
Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor Sunday said work on about 900 kilometer fence along the Pakistan-Afghanistan border had been completed. Briefing a team of journalists and anchor-persons at Ghulam Khan, a bordering village in North Waziristan Agency,he said the work on erection of about 1200 km chunk, the most sensitive portion out of the total 2600 km long border with the neighbouring country, had commenced last year. Zero Point is the entry and exit point of Pakistan from Afghanistan where a formal border post was constructed last year Major Gen Asif Ghafoor said the project would cost about Rs 70 billion, which also included the cost of gadgets and surveillance equipment to keep strict vigil on the illicit movement from across the border. He said the fence had amply helped check the movement of terrorists from across the border and it would further assist after completion of the project which was expected to culminate next year. The visit of media-persons was conducted for the first time in the country's history as no such activity could have happened as all the area had been “no go area” for the civilians or even by the security forces themselves.
-Foreign Media representatives visit North Waziristan, stunned with Pakistan Army successes against terrorism
Local and foreign media representatives on Sunday visited Peshawar, Miranshah, and Ghulam Khan Border terminals along with Director General ISPR Major General Asif Ghafoor for the first time after military operations. It was the first direct interaction of the media with local people, who while standing in Miranshah Bazar, talked to reporters about improved peace situation and administrative issues in the area. They lauded Pakistan Army for its efforts in restoring peace and development.
-Pakistan Cement Exports register significant rise in first half of FY 2018 - 19
The export of cement from the country witnessed increase of 32.4 percent during first half of current fiscal year as compared to same period of last year. The export of the commodity increased to $157 million in July-December (2018-19) against the export worth of $118.586 million in sameperiod of last year, a latest data released by Pakistan Bureau of Statistics (PBS) said. In term of quantity, the cement export recorded 55.52 percent increase to 3.671 million Metric Ton (MT) during the period under review as compared to export of 2.36 million MT cement during same period of previous year. On year-on-year basis, the cement export jumped by 78.02 percent to $25.89 million in December 2018 from $14.54 million of cement export during December 2017, the data revealed. The overall export of goods during first half of current fiscal year recorded an increase of 2.19 percent to $11.216 billion against the exports of $10.976 billion recorded during same period of last year.
-KP Tourism. Potential stuns audience at International Tourism Fair in Europe
A large number of visitors, tourists and investors thronged the stall of Tourism Corporation Khyber Pakhtunkhwa (TCKP) at the tourism trade fair at Feria de Madrid, Spain, and showed keen interest in the KP’s tourism potential. The TCKP team highlighted salient features of the cultural and tourist resorts through video documentaries, pictures, brochures and posters. The visitors were informed that 70 percent of tourist resorts were located in KP and the foreign tourists can now visit any place without any restriction and obtaining Non-Objection Certificate. The KP participation in fair encouraged the international tour operators to bring cultural and mountaineering expeditions to the province, which will highlight Pakistan as one of the best tourist destinations for international tourists.
-Foundation stone laid for $200 million knowledge city in Pakistan, first ever in County's history
Prime Minister Imran Khan Sunday inaugurated the first academic block of the NAMAL Knowledge City. The vision behind Namal Knowledge City is to create a hub of knowledge exchange and research in Mianwali. The Knowledge City will include academic blocks, a knowledge center, a sports complex, sports grounds, a hospital, technology parks, business centers, shopping malls, a dairy farm, a resort, software houses, hotels, a primary school, and a housing colony for the faculty. A total of US$ 200 million will be spent on the construction of the Knowledge City which will be built on the concept of a zero carbon foot print and completed by the year 2027. It will have a population of 11,000 with construction spread over 4 million square feet. It will accommodate 7,000 students with 600 faculty members.
-E Rozgar Programme launched, Click for Registration
The Punjab IT Board and Ministry of Youth Affairs has jointly launched a three-month free E-Rozgar Training Programe for the youth, aimed at imparting vocational training to the jobless, enabling them to earn their livelihood honourably. In this regard, the admission has started for enrollment in these technical courses and the last date for the on-line registration is the 9th of the next month. The requisites of getting admission include that the applicant should have an NCIC, his minimum age 16, maximum age 35 and should be jobless.
-Pakistan China ink deal worth billions of dollars today: Report
A Chinese company will invest billion of dollars in mineral exploration and processing projects in Khyber Pakhtunkhwa. A Memorandum of Understanding in this regard has been signed in China today. According to Khyber Pakhtunkhwa Minister for Mineral Development Dr. Amjad Ali, the Chinese company will setup mineral industrial park in Rashakai Special Economic Zone.
-Pakistan's NESPAK completes 3,900 mega projects in Pakistan and across 37 countries of World worth Rs 19,000 billions
National Engineering Services Pakistan (NESPAK) has successfully completed 3,900 development projects within Pakistan and 37 in other countries with an accumulative cost of Rs 19,000 billion since its establishment, 45 years ago. NESPAK Managing Director Dr. Tahir Masood told media here Saturday that foreign countries where NESPAK has extended engineering consultancy services were mostly located in the Middle East, Far East, Central Asia and Africa. In this way, he added, NESPAK had placed the country on the export map of the world and was committed to provide multi-disciplinary engineering consultancy services with the highest level of professionalism and dedication.
-Government launches Dominted Bank bond
PTI government is launching yet another economic initiative for overseas Pakistanis to attract billions of dollars for balance of payment and enhancing reserves. PTI government is launching dollar-denominated diaspora bond named Pakistan Banao Certificate (PBC) on January 31st. The diaspora bond is being launched to take advantage of international savings of overseas Pakistani’s and bolstering its foreign exchange reserves. According to details shared by the Finance Minister Asad Umar , the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return. Mr Umar said four banks had been selected to complete the transactions.
-Rupee hits seven-week high at 138.78
Pakistani currency has recovered to a seven-week high at Rs138.78 against the US dollar in inter-bank market on Friday, according to the State Bank of Pakistan, after the country successfully mitigated the risk of default following receipt of $2 billion from friendly countries. Simultaneously, the rupee revived to a four-week high at retail market to 139 against the greenback on Saturday, according to a forex website. “The $2 billion inflows from the UAE and Saudi Arabia (on Thursday and Friday) has partially eased the panic at currency markets,” said a banker on condition of anonymity.
-PM Imran discusses major proposals to revive PIA
As Pakistan International Airlines (PIA) struggles to rein in mounting losses, Prime Minister Imran Khan discussed major proposals presented at a high-level meeting to turn around the financially troubled national flag carrier. The prime minister chaired the meeting at the PM Office earlier this month, which was attended by top cabinet members, civil bureaucracy and military officers. The premier directed the authorities to arrange additional guarantees of Rs15 billion as interim relief for PIA. A proposal was endorsed to freeze PIA’s outstanding dues, amounting to over Rs80 billion, which were payable to the Civil Aviation Authority (CAA) along with late payment surcharge, according to minutes of the meeting available with The Express Tribune.
-World Bank releases $58m for house financing
The World Bank has disbursed $58 million for house financing in Pakistan and the federal cabinet has approved the transfer of the fund to Pakistan Mortgage Refinance Company (PMRC). “It ($58 million – Rs7.8 billion) is a World Bank credit line for PMRC,” PMRC Managing Director and Chief Executive Officer Mudassir Hussain Khan told The Express Tribune. “The cabinet has approved the transfer of the fund. It will take around a week to 10 days before the money reaches PMRC account.”
-Talks between Pakistan, China for FTA to begin next month
Federal Secretary for Trade, Younus Dagha has said that the talks between Pakistan and China for a Free Trade Agreement (FTA) will commence next month. Talking to a delegation of the Trade Development Authority’s officials in Lahore, he expressed optimism that the new trade agreement with China will help thrive national economy and would be in the best interests of both the friendly countries.
“The trade deficit of Pakistan has decreased by five per cent during the incumbent government and our exports are increasing day by day.” He said the expansion of the trade volume with India depends on the decisions of the governments of both the countries. He informed that trade with Afghanistan is also improving.
-Amended finance bill to reduce cost of doing business: PEW
The Pakistan Economy Watch (PEW) on Sunday said the recently amended finance bill will reduce the cost of doing business which in turn, will reduce the prices of many items. The move will support businesses and help exporters regain ground in the international market as the government has reduced and abolished several taxes to lift economic activities, it said.
The government will lose almost seven billion rupees in revenue but it will gain more in the shape of foreign exchange, said PEW President Dr. Murtaza Mughal. He said the recommendations will be applicable from the next fiscal term but it has already elevated business sentiments as many leading business groups are planning to boost investments.
-Economic reforms help PSX gain 958 points in week
The benchmark KSE-100 index accelerated by 958 points in the outgoing week and settled at 40,265 points, providing a weekly return of 2.44pc, owing to improved sentiment on account of the economic reforms package announced by the government.
The Finance Supplementary (Second Amendment) Bill, 2019 was broadly focused on improving ease of doing business, incentivizing export-oriented/industrial sectors and elimination of domestic growth hampering impediments. A key demand from the stock market to abolish the advance tax of 0.02pc was accepted, while the government also allowed capital losses to be carried forward for three years, thereby impacting the investor sentiment positively.
-Govt to announce medium-term economic framework in coming week: Hammad Azhar
The Minister of State for Revenue Hammad Azhar on Friday said the government will announce a medium-term economic framework in the coming week. The forthcoming medium-term economic framework will bring measures that will enhance exports and investments, said Azhar while speaking at a seminar on “Economic Reforms: Way forward”, organised by the Sustainable Development Policy Institute (SDPI), reports an English daily.
He shared the government is moving towards execution a direct taxation regime whilst gradually restricting indirect taxes. Mr Azhar underlined that the supplementary budget which was announced on Wednesday didn’t target fiscal and monetary measures but was an economic reforms package to resuscitate and enhance growth and investment.
-Economic reforms package to help boost exports, trade and investment
State Minister for Revenue Hamad Azhar on Friday said that economic reforms package announced by the PTI government will help in boosting exports, trade and investment.
Talking to a private news channel, he said the economic reforms package will prove to be helpful in overcoming the trade and fiscal deficit. Mr Azhar said due to effective economic policies of the Pakistan Tehreek-e-Insaf (PTI) government, the international investors are desirous of investment in Pakistan. The government is taking many steps for the revival and betterment of the economy, he added.
-Tale as old as time: Labyrinth of tunnels discovered under Lahore Fort
A labyrinth of underground tunnels, as well as hidden basements, has been discovered under Lahore Fort. Immortalised in short stories, these passages have always been hidden from the naked eye. However, during excavation, the Walled City of Lahore Authority (WCLA) has discovered two underground tunnels and an arsenal which are currently under restoration.
A symbol of the opulence of the Mughals, Lahore Fort has kept many a secret for hundreds of years; secrets which are now slowly being revealed.
During excavation and restoration work, WCLA recently discovered a passage of underground tunnels which run underneath the fortress. This has caused tourists, hungry for information on the underground tunnels, to throng to the citadel and present their own theories on how the passages were used.
-Indonesia, Pakistan ties poised for a quantum leap, says envoy
Counsellor and head of cultural section Embassy of Republic of Indonesia Deny Tri Basuki has said Indonesia and Pakistan share strong socio-cultural and religious bond rooted in history. Pakistan and Indonesia stand proudly together as two of the largest Muslim populated countries and emerging economies of creative and talented people. He expressed these views on the occasion of a business gathering organised by tourism ministry of Indonesia in collaboration with the Indonesian embassy. A large number of stakeholders hailing from the travel and aviation industry of Pakistan attended the event.
-Japanese aircraft take part in pre Aman-19 exercise
The Pakistan Navy is hosting the 6th series of AMAN-19 – a Multinational Maritime Exercise – in February 2019 in Karachi, and two Japanese Naval P3C aircrafts of Deployed Maritime Force for Anti-Piracy Enforcement (DAPE) visited the PNS Mehran in Karachi for the pre-AMAN-19 exercise.
According to a press statement issued by the navy’s Director General Public Relations (DGPR) on Saturday, the Japanese aircrew participated in various events including search and rescue (SAR) and counter piracy (CP) exercises along with the navy aircrew. The Japanese contingent also visited maritime and Pakistan Air Force (PAF) museums to learn about the historic achievements of the two forces.
-‘Chinese, Russian firms keen to invest in PSM’
Adviser to Prime Minister on Commerce Abdul Razak Dawood revealed that three Chinese and three Russian firms have shown interest in investing in Pakistan Steel Mills (PSM).
Addressing a ceremony held for the inauguration of International Steels Limited’s new plant, he said that the committee tasked with revival of PSM has drafted its recommendations and the Economic Coordination Committee (ECC) will make a decision by March.
-China has given Pakistan additional access to its market: Dawood
Prime Minister’s Adviser for Trade and Industry Abdul Razzak Dawood on Saturday said the government is working to hammer out national industrial and tariff policies, ARY News reported. Dawood while talking to industrialists in Karachi, said that China has granted Pakistan an additional access to its market. “We are working to slash unnecessary imports and increase exports”.
He said unnecessary items will be removed from shelves of super markets and precious foreign exchange will not be spent on such imports. The adviser said the government has taken effective steps to facilitate business in mini budget, which will be approved in next seven day.
-Pakistani Teacher Shortlisted for Cambridge’s Most Dedicated Teacher Award
Cambridge University Press has shortlisted a Pakistani teacher, Ahmed Saya, for the ‘Most Dedicated Teacher’ award. Ahmed Saya, an A-level teacher from Karachi, is one of the six brilliant minds around the world to be shortlisted for the prize. The competition included entries of 3500+ teachers from over 140 countries for the prestigious award. Cambridge’s official Twitter handle said it was a tough call, but they shortlisted six teachers for this year’s Dedicated Teacher Awards.
-Swiss Investor to Open A Chain of Luxury Hotels in Pakistan
Swiss International Hotels & Resorts is mulling to open a chain of its luxury hotels in different cities of Khyber Pakhtunkhwa (KP). The President and CEO of Swiss International Hotels & Resorts, Henri (Hans) WR Kennedie informed this to Chief Minister KP Mahmood Khan during a meeting on Friday. During the meeting, Henri told CM Khan that they were already working on a plan to establish luxury hospitalities in various parts of the province.
submitted by FashBasher1 to pakistan [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

Telegram allowed that TON launch could be postponed for six months or a year

Telegram allowed that TON launch could be postponed for six months or a year
The team wants to resolve disputes with the US regulator during this time, sources said.
https://preview.redd.it/rrrqk7690xs31.png?width=745&format=png&auto=webp&s=62af6f03415eaff2307ed73711fba639c441d6a9
Telegram may postpone the launch of the TON blockchain platform for six months or a year due to an injunction in the United States. About this, Forbes told two project investors.
According to one of the interlocutors of the publication, the team of the founder of Telegram, Pavel Durov, is confident that during this time, he will be able to resolve all disputed issues with the US Securities and Exchange Commission (SEC).
The Telegram management will make the final decision after the court on October 24 considers the SEC statement to suspend the release of the Gram cryptocurrency. Up to this point, Telegram representatives will limit their communication with investors, said the source of the publication, close to the team of Durov.
On October 11, the US Securities and Exchange Commission secured a temporary injunction against the issuance and further sale of Gram tokens in the United States by Telegram Group and TON Issuer. SEC insists that Gram is a security, which means issuing it involves issuing a prospectus and disclosing information about the financial condition, management, and risk factors.
Telegram planned to launch the TON blockchain platform by October 31. Otherwise, the company promised to return the invested $ 1.7 billion to investors. However, The Bell writes that Telegram management can avoid the need to return the investment since the agreement classifies the SEC ban as force majeure.
Officially, Telegram representatives did not comment on the cryptocurrency ban.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

Telegram allowed that TON launch could be postponed for six months or a year

Telegram allowed that TON launch could be postponed for six months or a year
The team wants to resolve disputes with the US regulator during this time, sources said.
https://preview.redd.it/v27xl5xh0xs31.png?width=810&format=png&auto=webp&s=577119d8ca9968e2e329afb4bc0807b14a72655e
Telegram may postpone the launch of the TON blockchain platform for six months or a year due to an injunction in the United States. About this, Forbes told two project investors.
According to one of the interlocutors of the publication, the team of the founder of Telegram, Pavel Durov, is confident that during this time, he will be able to resolve all disputed issues with the US Securities and Exchange Commission (SEC).
The Telegram management will make the final decision after the court on October 24 considers the SEC statement to suspend the release of the Gram cryptocurrency. Up to this point, Telegram representatives will limit their communication with investors, said the source of the publication, close to the team of Durov.
On October 11, the US Securities and Exchange Commission secured a temporary injunction against the issuance and further sale of Gram tokens in the United States by Telegram Group and TON Issuer. SEC insists that Gram is a security, which means issuing it involves issuing a prospectus and disclosing information about the financial condition, management, and risk factors.
Telegram planned to launch the TON blockchain platform by October 31. Otherwise, the company promised to return the invested $ 1.7 billion to investors. However, The Bell writes that Telegram management can avoid the need to return the investment since the agreement classifies the SEC ban as force majeure.
Officially, Telegram representatives did not comment on the cryptocurrency ban.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

Recent conversation with google chat about my suspended app

MAJOR UPDATE: THE App was reinstated, details here
Google gives no help, it's sad
THIS WAS WITH THE FIRST AGENT
Mia
1:29 AM
You are now connected to Mia. Please type your message and hit 'Enter' to send.
Mia
1:29 AM
Hi there, thanks for contacting Google Play Developer Support! There will be a short survey at the end of our chat so you can provide feedback on the service I'm providing. How can I help you today?
ME
1:29 AM
We currently have an app that is suspended on the play store......
Mia
1:30 AM
May I please have the package name of the app you're referring to?
ME
1:30 AM
(I SUBMITTED THE NAME)
Mia
1:30 AM
Please hold
Mia
1:35 AM
After checking, it looks like the issue is related to our policy.
Mia
1:35 AM
Unfortunately our team does not support policy issues.
Mia
1:35 AM
I will route this case to our policy team for you so that you can get further information from them via email.
ME
1:35 AM
hold on
ME
1:35 AM
I actually have a few questions for you
ME
1:36 AM
I've been routed to the policy team and they do not respond, I've filed more than one appeal and they do not respond
ME
1:36 AM
it's been almost a month
ME
1:37 AM
The first thing I need to know is googles account suspension policy
ME
1:39 AM
during research on how to get help from google with out problem, I have basically found that google will not help with any further explanation on a suspension despite the vague explanation but if we resubmit the app without fixing the problem our account can get suspended
ME
1:40 AM
The app was suspended for SPAM..... there is nothing like that in our app, nothing close to it, so it's hard to fix something that does not exist
Mia
1:43 AM
If you don't have any other questions I will end this chat session. Have a great day!
Mia
1:43 AM
Thanks for chatting with Google Play Developer Support today! Your chat session is now complete.
CONVERSATION WITH AGENT 2
Bella1:44 AM
You are now connected to Bella. Please type your message and hit 'Enter' to send.
Bella1:44 AM
Hi there, thanks for contacting Google Play Developer Support!
There will be a short survey at the end of our chat so you can provide feedback on the service I'm providing.
How can I help you today?
ME1:44 AM
I just tried to chat with an agent and my chat was just ended without any respnse
Bella1:45 AM
okay
ME1:45 AM
please review this
ME1:45 AM
ME
1:37 AM
The first thing I need to know is googles account suspension policy
ME
1:39 AM
during research on how to get help from google with out problem, I have basically found that google will not help with any further explanation on a suspension despite the vague explanation but if we resubmit the app without fixing the problem our account can get suspended
ME
1:40 AM
The app was suspended for SPAM..... there is nothing like that in our app, nothing close to it, so it's hard to fix something that does not exist
Mia
1:43 AM
If you don't have any other questions I will end this chat session. Have a great day!
Mia
1:43 AM
Thanks for chatting with Google Play Developer Support today! Your chat session is now complete.
ME1:46 AM
I am asking for help and I am not getting any
ME1:46 AM
I do not want to submit a new version of our app having not caught the problem and get our account closed
ME1:47 AM
We are trying to fix and comply with whatever policy google has but this seems to be impossible
Bella1:48 AM
okay, I understand your concern.
Bella1:48 AM
First, May I please have the package name of the app you're referring to?
ME1:48 AM
(I SUBMITTED THE NAME)
ME1:49 AM
I have filed appeals and gotten no help
ME1:49 AM
at this point we just don't want to get our account closed for a new submission
ME1:49 AM
the policy team does not respond
Bella1:51 AM
okay, I understand your concern.
Bella1:52 AM
However, since I am not a member of the policy team, I have no information about why your app is suspended, and how to fix it.
Bella1:52 AM
at this time, the only thing I can do is help you to route the case to our policy team
ME1:52 AM
I get tthat
Bella1:52 AM
I hope you can understand
ME1:52 AM
I want to know about account suspension
ME1:52 AM
I'm trying to understand what can cause a account shut down
ME1:53 AM
we have redesigned our app and want to resubmit it but if the policy team does not respond, what do we do?
Bella1:53 AM
This is still a policy issue, I can add this question in the note, and let the policy team to answer your question.
ME1:54 AM
Sure I guess
ME1:54 AM
well can you tell me what your team is able to help with?
ME1:54 AM
I have never gotten one question answered through this chat.....
ME1:55 AM
what exactly does your department help with?
Bella1:55 AM
most of issues about using play console.
Bella1:56 AM
for example, how to publish an app, how to use the app statistics....
ME1:56 AM
is there any way to go above the policy team?
ME1:56 AM
any other team or person?
Bella1:56 AM
Unfortunately, no.
ME1:57 AM
So, I've sent them 2 appeals and about 3-4 emails and gotten no response, what do I do next?
Bella2:00 AM
At this time, the only thing I can do for you is to route the case to our policy team.
Bella2:00 AM
I have no idea what kind of decision they will make.
ME2:00 AM
ok, unable to answer my question?
ME2:01 AM
it seems like the decision is to not respond
Bella2:01 AM
I am not sure about that
ME2:02 AM
The last thing I got was after submitting the appeal it said someone will contact me within 72 hours, that was on 5/30
ME2:03 AM
I have had 3 agents on chat tell me they will route my concerns
ME2:03 AM
Our app is a teaching tool
ME2:03 AM
there is no spam
ME2:03 AM
no posting
ME2:03 AM
we never even sent a push notification
ME2:04 AM
but we were suspended for a spam violation
ME2:04 AM
I filed a very very detailed appeal and there has been no response
ME2:04 AM
this is actually effecting our funding
ME2:05 AM
there has to be more that one way to get help
Bella2:06 AM
I understand.
ME2:06 AM
I'm just trying to get help here but it seems like the biggest company in the world isn't even able to try and help
ME2:07 AM
is there any kind of number I can call?
Bella2:07 AM
Unfortunately, policy team didn't provide phone support.
ME2:08 AM
ok, but are there any other help numbers in google, for anything else that might be able to help?
Bella2:08 AM
At this time, only policy team are able to help you.
ME2:09 AM
ok fine
ME2:09 AM
I get it
ME2:09 AM
basically no help at all
ME2:09 AM
Can you note that, "CUSTOMER HAS RECEIVED NO HELP AT ALL"
Bella2:09 AM
sure I will
ME2:10 AM
when you route this issue to the policy team how long is it supposed to take to get a response?
Bella2:11 AM
I have no idea, since I am not a policy team member
ME2:11 AM
ok
Bella2:11 AM
Is there anything else I can help you today?
ME2:11 AM
nope
Bella2:11 AM
Hope that I'm being helpful! Have a good day, bye bye!
Bella2:12 AM
Thanks for chatting with Google Play Developer Support today! Your chat session is now complete.
Bella ended the chat
...............................................................................................................
****UPDATE: I decided to post that conversation out of frustration in the moment but since there's been so much support and feedback here's some more details.
The app was suspended on 5/30, this was the email:
After review, Bit Trainer – A Live Cryptocurrency Simulator, has been suspended and removed from Google Play as a policy strike because it violates the spampolicy by posting repetitive content.
Next Steps
  1. Read through the Spampolicy for more details and examples of policy violations.
  2. Make sure your app is compliant with all other policies listed in the Developer Program Policies. Remember that additional enforcement could occur if there are further policy issues with your apps.
  3. Sign in to your Play Consoleand submit the policy compliant app using a new package name and a new app name.
Additional suspensions of any nature may result in the termination of your developer account, and investigation and possible termination of related Google accounts. If your account is terminated, payments will cease and Google may recover the proceeds of any past sales and/or the cost of any associated fees (such as chargebacks and transaction fees) from you.
If you’ve reviewed the policy and feel this suspension may have been in error, please reach out to our policy support team. One of my colleagues will get back to you within 2 business days.
Regards,
The Google Play Review Team
THIS WAS MY RESPONSE:
Our app was suspended for "Repetitive content violates our Spampolicy "
Our app is a educational tool. It is designed to help people learn how to trade cryptocurrency without the risk. it simulates the process using real time prices. As of right now our app does not contain any posting of "content". It is currently being used in Old Dominion University as part of their crypto currency curriculum.
BASED ON THE SPAM POLICY PAGE
-Message Spam, does not apply becuse our app does not send SMS, email, or other messages.
-Webviews and Affiliate Spam, our app does not drive affiliate traffic to a website or provide a webview of a website. every single page in our app is designed from scratch and the information provided on each page is obtained via the exchanges api based on thier guidelines.
-Wizard Spam, our app was not created by an automated tool or wizard service. Again every single page was designed from scratch by our team and built the Monaca platform.
-Guides, our app is not a guide and serves no ads.
Our app contains 8 pages.
  1. Watchlist, a page to add the cryptocurrencies that you want to keep track of, similar to dozens of other apps on the market like tab trader, blockfolio or cointracker.
  2. Trading, similar to Forex Game, the main function of our app. It let's you use the credits we provide to simulate purchasing the available cryptocurrency of your choice.
  3. Selling, where you sell what you purchased on the trading screen
  4. Leaderboard, all users are displayed and ranked based on how well they do trading.
  5. Wallet, this is where you see all of the currency you are holding, and your transaction history.
  6. Global Market, This screen shows all the coins on the market based on Coinmarketcap API
  7. Earn Credits, where you can play a simple game to earn more credit when you run out.
  8. Coin converter, a simple calculator that let's you get the values of different currencies, no different from any other cryptocurrency converter on the market.
THEY RESPONDED WITH:
Hello,
Thanks for contacting the Google Play team.
After review, we've confirmed our initial decision and we won't be reinstating your app Bit Trainer – A Live Cryptocurrency Simulator at this time.
Repetitive content violates ourSpampolicy and is prohibited on Google Play.
Developers are important partners in maintaining a great user experience on Google Play and we appreciate your cooperation.
If you do choose to re-publish a new version of your app, please review the Developer Program Policiesto make sure your app is compliant with our policies.
Regards,LindaThe Google Play Team
After that I wrote back with a bunch of question, several times, had about 5 live chat sessions that went the exact same way.
UPDATE: I sent two messages one to the general help and the second one was directly back to Linda who had responded to the first suspension appeal and here are the responses I got.
FROM MY MESSAGE TO LINDA: Hi developers at Hashtiv, Thanks again for contacting Google Play Team.
As much as I'd like to help, our team is unable to provide information to your inquiry.
Instead, please refer to the following links for further assistance: Developer Program Policies
Thank you for your understanding and continued support for Google Play.
Regards,
Lisa The Google Play Team
AND THE OTHER: Hi there,
I'm happy to help you with issues related to publishing and distributing apps through the Play Console. At this time, my team is not able to provide information about policy enforcement decisions. I forwarded your question to the appropriate team at Google, and you can expect to hear from them soon. If you have questions about using the Play Console, please let me know.
Regards, Pete Google Play Developer Support Did you know we offer chat support in English? You can chat with us Monday through Friday, 12 a.m. to 12 a.m. Greenwich Time (GMT).
submitted by Chojinki to androiddev [link] [comments]

The principal economic developments of the week

The principal economic developments of the week
Analysts of the market expect the U.S. Federal Reserve to lower rates again after a stimulus package by the European regulator. The central banks of Great Britain, Japan, and Switzerland will also consider monetary policy.
https://preview.redd.it/qexy11p30ym31.jpg?width=298&format=pjpg&auto=webp&s=671653ea110596efa43e4ee1e4a4f30d16328973
Tuesday, September 17.
U.K. Supreme Court is going to consider Scottish court ruling on the postponement of the parliament
The Scottish court did not satisfy the requirements of the British Parliament group of deputies to impose a temporary ban on the decision of Prime Minister Boris Johnson to suspend the work of the U.K. legislature.
The request was rejected by Judge Raymond Doherty, who did not detect “convincing grounds” for applying a temporary ban on proprietorship (postponement of parliamentary meetings), which some M.P.s consider illegal.
Wednesday, September 18.
Fed Press Conference by Chairman Jerome Powell.
Chairman Jerome Powell did not give enough signs to expect a rate cut by 50 basis points at once during his last public speech before the September meeting, as some Fed officials suggested.
Economists surveyed predict that the Fed will lower rates by 25 basis points next week and in December, after which it will stay unchanged for a long time.
The regulator has no choice but to support the economy in this way in the face of trade uncertainty, as Oxford Economics economist Kathleen Bostyanchich opined.
You can find more information about the stock market, commodity market, and FOREX on the ITRADERsite.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

What Is Forex?

What Is Forex?

A New Era

Although it might seem easy to invest in Forex nowadays, by just logging into an account with a broker, deposit some money and start actively trading; it has not always been like this, as forex industry has rapidly changed in the past three decades.
Before technology and free-floating currencies took over the industry, world currency exchanges were operating under the Bretton Woods System of Money Management. This agreement established rules for commercial and financial relations among top economies, tying their currencies to gold. Hence, a currency note issued by any world government represented a real amount of gold held in a vault by that nation. When in July 1944 delegates from all over the world sign off the pact, the main goal was to reduce lack of cooperation between countries and therefore avoiding currency wars. This process of regulating the foreign exchange brought to the foundation of the international money fund (IMF) and the International Bank of Reconstruction and Development (IBRD), today part of World bank Group.
However, in the early 70s the real-world economics outpaced the system, dollar suffered from severe inflation cutting its value by half. At that time unemployment rate was 6.1% and inflation 5.84%. Finally, in August 1971, U.S. government led by Richard Nixon took away gold standard, creating the first fiat currency and replacing Bretton Woods System with De Facto. Together with this there were other important measures taken by the USA president to combat that high inflation regime:
  1. This decision was driven by many European nations asking to redeem their dollars for gold, till leaving Bretton Woods System. This had an enormous impact on USD which plunged against European currencies. Consequently, USA congress release a report suggesting USD devaluation to protect the currency from foreign gougers. However, dollar dropped again, and Treasury Secretary was directed to suspend the USD convertibility with gold; hence foreign governments could no longer exchange their USD with gold.
  2. The inflation level was skyrocketing and one more action taken by Nixon was to freeze all wages and prices for 90 days, this was the first time since WWII.
  3. Import surcharge of 10% was set up to safeguard American products ensuring no disadvantage in trades.
Today, USD dominates financial markets, accounting together with the EURO, for approximately 50% of all currency exchange transactions in the world.
1971 represents the beginning of a new forex trading era, bringing this market to be the largest and most liquid in the world, with an average of daily trading volume exceeding $5trn. All the world’s combined stock markets don t even come close to this, what does this mean to you?
In an environment which is controlled by free-floating currencies moving constantly, following principles of supply and demand, there are constant and exciting trading opportunities, unavailable when investing in different markets.
In this article are shared main features of what is forex trading today and how can be an incredible new source of income for everyone who is into financial markets.

What Is Forex?

Forex is the acronym for foreign exchange which intends to be a decentralized or over the counter (OTC) marketplace, where currencies from all over the world are traded 24 hours, five days a week. Main financial centres include New York, Chicago, London, Tokyo and Frankfurt for Eurozone. It is by far the largest market in the world in terms of volume, followed by the credit market. Being highly liquid is an important feature that allows traders to be able to enter and exit their positions very quickly. Nevertheless, while trading forex, an investor should be aware of several components:
Dynamicity – forex is an extremely fast environment, this means that currency rates can move very fast, influenced by price action signals and fundamental factors. Therefore, going into forex trading, one needs to be aware of adopting serious risk and money management strategies in order to be effective, limiting losses.
Zero Sum Game – trading forex is not like investing in the stock market but is known to be a zero-sum game. For example, going into the equity market buying some tech shares, they could both rise or decrease in value. In forex is different because currencies work in pairs; for instance, an investor decides Euro will go up he or she is doing it against another currency. Thus, in this specific marketplace one currency will rise while the other will fall, meaning an investor is buying the currency hoping it will appreciate to the other, or selling the one that will depreciate.
See image below:
Figure 1: Main traded currency pairs
https://preview.redd.it/vu77ziuoyle31.png?width=574&format=png&auto=webp&s=9b1693bf27508fcb142705c309de1fc5b3e8fa19
Currency pairs are composed by a base and a price currency. Main forex trading principle is how much price currency an investor can buy using 1 unit of the base, thus, the base currency, which is the first one in line within the quotation, is always equal to 1.
Because like every financial instrument currency pairs are driven by fundamentals of supply and demand, forex is intensively influenced by geopolitical and macroeconomic factors.
Capital Markets – these are the most visible indicators of a country economic health, where usually the healthier the economy the stronger the currency. For example, a rapid sell-off from a country will show that nation is not economically stable, subsequently investors will think negatively of it depreciating its currency.
Moreover, many countries are sector driven, this means that their currencies are strictly correlated with certain resources. For instance, Canada which is a commodity-based market, CAD is strictly linked to price of Brent and metals, a swing in those will affect the Canadian currency.
Finally, credit market is also connected to forex since also relies heavily on interest rate so, a change in bond yield will have major impact on currency prices. like increase in yield will favour bullish market for USD
International Trade – Trade levels serve as a proxy for relative demand of goods from a nation, a country which goods and services that are in high demand internationally, will experience an appreciation to its currency. This is an effect driven by all other countries converting their currencies into the one of that state to purchase its goods and services. Let’s say a product from USA is in high demand globally, all the other countries must sell their currencies to buy dollars to then see their goods shipped, thus USD will appreciate.
Trade surplus and deficit also indicate a nation competitive standing in international trade. Countries with a large trade deficit are usually importers resulting in more of their currencies being sold to buy goods worldwide, thus they will see their currencies devaluate.
Geopolitics – The political landscape of a nation places a major role in the economic outlook for that country and consequently, the perceived value of its own currency. Beside building up price action strategies, based purely on price levels, forex traders constantly look at economic calendars and news to gauge what could move currencies. A geopolitical event which is having a great impact on GBP, is the election of Boris Johnson as UK prime minister, driving the local currency to 2 years low, yesterday 29th of July 2019. Therefore, when investors observe instability from a nation political environment, there are high chances that the currency of that country will depreciate.

Why Trading Forex

Beside swapping from a gold standard to free-floating, which change the whole forex trading game, technology is another crucial factor that helped this financial sector to spread globally. With the introduction of internet in the 90s forex opened to retail investors giving access to various trading platforms. The introduction of online platforms and retail investments have increased forex market volume by 5%, up to $250bn of its daily turnover. Different traders may have different reasons for selecting forex, however, mostly is because this is a fertile market plenty of daily opportunities to gauge price action and profit from it.

Volatility

How traders profit from trading forex? Basics of trading are rather simple to understand. An investor buys an asset at a certain price hoping to get rid of it for a higher price. The more volatile is the market for that specific financial instrument, the more revenue is possible to make. Therefore, a trader is looking for long up and down moves rather than market fluctuating sideways.
Volatility is great in forex and a trader can expect to regularly see prices oscillating 50-100 pips on major currency pairs almost any day of the week. Yet again, due to this enormous constant fluctuation, potential losses or gains can be very high thus, rigours money management must be applied to avoid major damages and become a profitable trader. To conclude, volatility is the main characteristic investors are looking at and that is why it is one of the main feature traders can take advantage.
See image below:

Figure 2: FDAX Volatility, H4 (30th May 2019, 16:00, 30th July 2019, 16:00)

Accessibility & Technology

While volatility is the most important element out in the market that tell us why forex is the best market to trade, accessibility comes straight after. This market is more accessible than all the others, trading forex requires an online desk position and as little as $100 to start off an account.
In comparison with the other financial markets, forex requires a rather low trading capital. Moreover, trading forex can be easily accessible from your PC, tablet or mobile since most of retail broker firms operate online. Although, accessibility cannot tell the quality of the market by itself, it definitely shows a reason why many investors try their first trading experience on forex.
Also, the rapid introduction of technology since the 90s, made trading much easier. There are every year more advanced online platforms to trade on with many possible updates and that is why trading forex is edging for many global investors.

Forex Players

Before the introduction of free-floating currency and more importantly cutting hedge technology, forex was a market that could have been traded only by institutional investors. Nowadays however, even retail and individual investor can take advantage of the huge volume forex offers every day.
Banks
Interbank market is the major responsible for the high volume registered daily in forex. This is the place where banks exchange currency among each other, facilitating forex transactions for customers and speculate for their trading desks.
  • Clients transactions: in this case banks of all size act as dealer for clients, where the bid-ask spread represents the profit for the institutions.
  • Speculation: currencies are traded to profit from their price fluctuations as well as to increase diversification on their portfolio
Because banking institutions are the biggest players in foreign exchange market, they are able to push up and down the price of currencies giving an extreme advantage and higher volatility to individual traders who are trying to gauge price moves.
Central Banks
Central banks representing their nation’s government, are crucial in forex. They oversee monetary and fiscal policies having massive influence on currency rates. A central bank is responsible for fixing the price level of its native currency on the market, in other words they take care of the regime currencies will float in the open market.
  • Floating: these are the currencies which price floats on the open market based on principles of supply and demand relative to other currencies
  • Pegged (fixed exchange rate): opposite to floating currencies pegged ones are not free-floating in the open market however, their government rather tie them to the value of a stronger foreign currency. Pegged currencies are more seen in developing countries (CYN to USD).
Because central banks manage interest rates in order to increase the competitiveness of their native nation to another.
  • Dovish: these policies will be lowering down interest rates. A central bank which applies dovish conditions aims to give economic stimulus and guard against deflation. Usually a policy intended to give economy stimulus will weakening the currency value.
  • Hawkish: on the other hand, hawkish policies lead to an increase in interest rate. A central bank that uses hawkish measures aims to reduce inflation. Typically, this kind of policies will reinforce the country currency value.
Investment Managers & Hedge Funds
Portfolio managers and hedge funds are the second investors in forex after central and investment banks. They are hired by huge institutions such as pension to manage their assets. However while portfolio managers of pool funds will buy currency to speculate on foreign securities, hedge funds execute speculative trades as part of their strategies.
Corporations
Also international corporation play a big role in forex. Those firms operating globally, buying and selling goods and services are involved in forex transactions daily. Imagine an American company producing pipes that imports Japanese components and sell the finished product to China. After the sale is closed the CYN must be converted back to USD, while the American company must exchange USD into JPY to repay for the components supply.
Moreover, company involved in international trade have an interest in forex in order to hedge the risk associated with currencies fluctuations making several foreign exchange transactions. For instance, the same American company might buy JPY at spot rate, or enter a swap agreement to obtain JPY in advance, overtaking the risk of the Japanese currency to rise in the future. Therefore, forex become crucial to run companies with many subsidiaries and suppliers all over the word.
Individual & Retail Investors
Even though this investor cluster brings to forex a very limited volume compared to financial institutions and corporations, it is rapidly growing in numbers and popularity. These base their trades on a mixture of fundamentals and technical analysis.
Bottom line, main reason why forex is the most traded market in the world is because gives everyone, from top financial institutions to retail and individual trades, opportunities to make returns on capital invested from currencies price fluctuations related to global economy.
submitted by Horizon_Trading to u/Horizon_Trading [link] [comments]

Zebrarank:April 30 deadline has expired, ASIC broker IFGM announced its withdrawal from the Chinese market

Fast news, foreign exchange spy received platform information, ASIC regulatory platform IFGM announced to suspend the mainland China market related services, namely exit China.
1.IFGM terminates cooperation with a third party company in China;
2.IFGM will not accept new account opening application and deposit in mainland China from now on;
  1. For the current position holding customers in mainland China, they will close their positions at 17:00 on May 8, 2019 (Australian eastern time) and apply for gold. Overdue accounts will be subject to enforcement.
  2. Customer funds are liquidated successively.
It can be seen from the news that IFGM account in mainland China will not be opened in the future, because IFGM only has an Australian license. Whether because of ASIC regulatory requirements or the result of poor domestic operation, this withdrawal from the spy is recognized, at least the customer is properly cleared, rather than quietly run away.
What happens next with other platforms regulated only by ASIC? Investors need to keep an eye on foreign exchange spy information.
List of platforms with ASIC licence only (in no particular order) :
amdforex
Cardiff
The Advanced Markets
The Best Leader
charterprime
Rubix FX
PGWG
EightCap
GS Deep Ocean
Global Prime
Millennium capital
WistonFX
INVAST
OGFX
Ken company MARKETS
DV Markets (IFS Markets)
JB Alpha
City index
ILQ
Trend
FOREX CT
VT Markets
ETO Markets
TradeMax
AUGS Markets
Hantec Markets
GMT Markets
SuperTrader
BCR
ACY
Capstone
TBC
submitted by Zebrahelps to u/Zebrahelps [link] [comments]

Developer from Indonesia became a billionaire after the growth of his company shares by 500%

Developer from Indonesia became a billionaire after the growth of his company shares by 500%
The value of the shares of the developer Pollux Properti Indonesia has grown by more than 500% since mid-July 2019. As a result, the primary owner and CEO of the company, Nico Purnomo Poe, became a dollar billionaire with an estimated value of $ 3.6 billion, Bloomberg writes.
https://preview.redd.it/xm6e20zchps31.png?width=780&format=png&auto=webp&s=a37adb91f1bfcff89b2113cb4145fb98fd1aed67
As of October 14, Pollux shares are trading at 7,000 Indonesian rupees per share ($ 0.49), with a capitalization of 58.02 trillion Indonesian rupees (about $ 4.1 billion).
According to Bloomberg estimates, a company's value is 34 times the size of its net assets and ten times the market average. Since mid-June, the daily trading volume of Pollux shares has reached $ 70,000, which is not a very large volume for such a sharp increase in value, the publication notes.
The rapid rise in stock prices reflects the investment attractiveness of future projects and the company's prospects, says Nico Purnomo Poe. According to the owner of Pollux Properti, the stock is growing because the company has shown that it can fulfill promises to customers.
The company recently completed the construction of the World Capital Tower business complex, which has become one of the tallest buildings in Jakarta. However, other Pollux Properti projects have not yet been completed, Bloomberg points out.
Pollux Properti's profit for the first half of 2019 increased by 201% compared to the same period in 2018 and reached 35.9 billion rupees ($ 2.5 million), it follows from the company's statements.
The sharp rise in shares of Pollux Properti attracted the attention of the Financial Services Authority of Indonesia. The regulator monitors the situation together with the Indonesia Stock Exchange, which in early September temporarily suspended trading in Pollux Properti shares. Now trading resumed.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

Saudi Aramco could list IPO in Tokyo

Saudi Aramco could list IPO in Tokyo
Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) considers Tokyo as a platform for the placement of its shares. The Wall Street Journal reports.
https://preview.redd.it/ijpstxiztbk31.png?width=800&format=png&auto=webp&s=3c53aecf98e7f9d622bfbf029dbd5cb9d7698da5
The initial public offering of shares in Saudi Aramco will take place in two stages. The placement of shares on the Saudi stock exchange will take place later this year. An international listing will be carried out in 2020 or 2021, the outlet writes regarding advisers and officials familiar with IPO plans.
Saudi Aramco plans to sell up to 5% of the shares during the IPO, which should be the largest in history. Riyadh hoped to raise a record $ 100 billion in the IPO, but it is not yet clear what the final amount will be.
Many stock exchanges around the world have sought to become Aramco's listing site. London and Hong Kong were favorites in this race. However, both cities faced political uncertainty. The risks associated with Brexit and protests in Hong Kong have diminished the attractiveness of London and Hong Kong.
Nonetheless, Sarami officials and advisers to Aramco told WSJ that although they are inclined towards the IPO option in Tokyo, a final decision has not yet been made.
The company told WSJ that the timing of the placement would depend on market conditions.
The offering is part of Vision 2030, the plan of Crown Prince Mohammed bin Salman to diversify the economy, create the world's largest sovereign investment fund and reduce dependence on hydrocarbons.
Work on the IPO was suspended in 2018 when Aramco turned its attention to the acquisition of shares in the petrochemicals producer Saudi Basic Industries Corp.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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submitted by Itrader_com to u/Itrader_com [link] [comments]

Bitcoin, SWIFT and the BRICS

One thing has not happened with Bitcoin that I am surprised by.
But firstly, a roundup of political and economic recent history as data points.
What has not happened, is for the BRICS countries to actively sideline SWIFT to remove the leverage that it gives the USA. What the BRICS need is a global payments system that is beyond US control and can cope with the type of settlements that SWIFT is used for.
The Bitcoin network already exists globally, and is mostly beyond control of any single country (though it's usage can be locally throttled as shown by the subtle restrictions instituted by China). As such, it has promise as a drop-in replacement for SWIFT. There is just one problem - the current 'pricing' of Bitcoin is not high enough to support world trade.
The Bitcoin pricing (approx USD 500 at present), is actively manipulated by 'whales' in the thin markets that exist. They move price up, then down and spike hope and panic to extract trading profits. Because the Bitcoin markets are so small and illiquid, the 'whales' are in fact only very small currency traders when compared with their peers in the global Forex markets.
That means, a sovereign backed trader could simply begin to 'buy the market' and achieve two goals almost instantly.
At one level, this would also be remarkably profitable in it's own right. The 're-pricing' of the payments system automatically generates a capital gain for the Bitcoin units obtains. For example: When I last looked, it would take only about USD 20 Million on two exchanges (BTC-e and Bitstamp) to buy 90% of the liquidity. That would drive the pricing up to over USD 1000 per BTC ... and generate on a 'mark to market' basis, about a USD 8 Million profit. The more extreme the 'buy in', the more this effect gets magnified. Add to that, the panic buy it would induce from other players and the upward re-pricing could easily be more extreme.
So the question is: What Bitcoin price is needed to compete with SWIFT?
One way to estimate this, is to take total official world trade (USD 71 Trillion) plus the black economy or System D (est USD 30 Trillion), and map it against the approx 13 Million Bitcoins that have been mined. Very roughly, that means if one Bitcoin is the equivalent of USD 10 Million, Bitcoin could settle all world trade. Clearly, Bitcoin would still be competing with USD as they will still exist, and the USD has it's supporters. So a lower target exchange rate would suffice - perhaps USD 1 Million to start.
At a guess, spending about USD 250 Million right now, especially as part of announced policy, would drive the re-pricing of Bitcoin towards a level suitable for trade settlement. For a BRICS sovereign nation, USD 250 million is small change.
From the BRICS perspective, the capital gains are not very interesting, but re-pricing the Bitcoin system to make it competitive against SWIFT really is.
Just as interesting from their perspective, even though Bitcoin is beyond the direct control of any government, the BRICS countries are not threatened by that lack of control. They all have actual hard assets and population at the core of their wealth. They are directly threatened by the financialisation of the world which disproportionately benefits the US and it's close allies to the BRICS detriment. The SWIFT system is one of the major components of that financial system.
Only the elites of the west (and not the general public), are threatened if US control of world finances is reduced via a competitor for SWIFT.
I am surprised that the various economics and treasury advisors in the BRICS countries have not suggested this obvious solution. A solution that is available almost instantly to a sovereign nation, without any major risk if it does not work.
In the mean time, even minor 'whales' from the wider Forex world could trigger this upward re-pricing if they want to!!
So I wonder who will be first to move.
Final note: Sovereign nations like China have a unique advantage. China could achieve the same out come by decree - simply by fixing an exchange rate for one Satoshi equal to one external Yuan (CNH) ... that would leave their capital controls intact, but instantly create the competitor to SWIFT that they need.
S.N.
Edit: Formatting
submitted by snagain to Bitcoin [link] [comments]

Crypto Exchanges Line Up to Support Bitcoin Cash's Hard Fork

Crypto Exchanges Line Up to Support Bitcoin Cash's Hard Fork

https://preview.redd.it/by8dm8aj5yw11.jpg?width=960&format=pjpg&auto=webp&s=d27a77d392399057248fde6230323e87a4d71c4b
Six of the top 10 crypto exchanges by bitcoin cash (BCH) trading volume have announced plans to support the cryptocurrency's upcoming hard fork on Nov 15.
Bitcoin cash's roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network have raised the specter that two distinct branches of the cryptocurrency could take shape, given that two implementations – Bitcoin ABC and Bitcoin SV – are being put forward by competing teams. While the outcome isn't clear, one scenario would see two separate cryptocurrencies arise from the fork.
A number of exchanges have now made clear their positions should a split occur, with OKEx, Binance, Bitforex and Huobi having all stated that they will "support the hard fork." Poloniex, a rank 51 exchange for BCH, stated more explicitly that it is "prepared to support trading markets for both tokens."
Coinbase was more reserved, saying it will support the current roadmap, but it added:
"In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain."
In preparation for the event, most exchanges have said they will suspend bitcoin cash withdrawals and deposits soon before the fork to ensure customer funds are not at risk due to instability of the post-fork network(s). Users should take care not to deposit BCH during this period in such cases.
And it's not only exchanges that are having to take decisions over the potential split. France-based hardware wallet maker Ledger has said that, if the fork results in separate bitcoin cash chains, "eventually, one of these would be the dominant chain, which we will evaluate to support again then."
The BCH hard fork is set to go occur on Nov. 15 at 17:00 UTC.
Here's the current status of the top 12 BCH markets on CoinMarketCap regarding the hard fork at press time:
OKEx – support confirmed
BitForex – support confirmed
Binance – support confirmed
Digifinex – no statement
Huobi – support confirmed
Bitfinex – no statement
Upbit – support confirmed
HitBTC – no statement
Coinbase Pro – support confirmed
Bitbank – not confirmed
Coinsuper – support confirmed
GDAC – no statement
Wallets
  1. Ledger – review confirmed
submitted by iTradeBit to u/iTradeBit [link] [comments]

What's a good Demo account/Virtual trading crypto exchange?

I want to experiment, but my experiments often cost -10-15%, so it's not so cheap. I know in Forex trading almost any exchange has demo mode, sooo do you guys know any good crypto exchange w/ demo mode? I know HitBTC, but they've apparently suspended their demo account operations as they look to develop them further. Are there any other big players? I'm very, very surprised that I actually need to ask such a question. It's a big miss for the crypto community, because not everybody is willing to risk their money straight away and if you want higher mainstream adaptation demo accounts is one very safe and pain free way to do it.
submitted by ivanalesi to CryptoCurrency [link] [comments]

China’s foreign exchange regulator will cap overseas withdrawals using domestic Chinese bank cards at 100,000 yuan ($15,370) per year in an effort to target money laundering, terrorist financing and tax evasion, it said on Saturday.

This is the best tl;dr I could make, original reduced by 23%. (I'm a bot)
BEIJING - China's foreign exchange regulator will cap overseas withdrawals using domestic Chinese bank cards at 100,000 yuan per year in an effort to target money laundering, terrorist financing and tax evasion, it said on Saturday.
Individuals who exceed the annual quota will be suspended from overseas transactions for the remainder of the year and an additional year, the State Administration of Foreign Exchange said in a notice posted on its website.
Under the new rules SAFE will submit a daily list of individuals banned from making overseas bank card withdrawals, and banks must suspend the users by no later than 5 p.m. the same day, the notice said.
Domestic card users will also be barred from withdrawing more than 10,000 yuan a day overseas, it said.
China has strengthened regulatory oversight of overseas card transactions in the past year, targeting illegal cross-border transfers and money laundering.
In September SAFE brought in regulations requiring Chinese banks to report daily their bank card holders' overseas withdrawals as well as every transaction exceeding 1,000 yuan.
Summary Source | FAQ | Feedback | Top keywords: overseas#1 bank#2 card#3 year#4 yuan#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

[Event] Foreign exchange reserve diversification

As the new gold mines begin operations this year, the government has seen it as an appropriate time to discuss the future of the foreign exchange reserves of the Philippines.
After a lengthy discussion of the current status of the global economy, especially regarding the Chinese-American tensions, the Senate has approved by a large majority the Forex Diversification Act.
The government of the Philippines will be mandated to purchase all 36.1 tons of annual gold production occurring inside the country's borders using its foreign exchange reserves until the nation's total gold reserves reach 650 tons, at which point the policy will be up for review.
Should a financial crisis strike, in this case being defined as any event which causes gold to appreciate more than 35% within a quarter, the Senate will convene an emergency session to vote on whether to temporarily suspend gold purchases and whether or not to instead attempt to sell gold for a profit.
submitted by varianlogic to Geosim [link] [comments]

Watch out: Frontrunning happening on Cryptopia

Electroneum REALLY needs to get on a few other exchanges. Frontrunning is happening extensively on Cryptopoia.
Trading in small amounts I started to become suspicious because almost nothing was getting filled even right at the sell price. But still, that can happen. So I then put in a 10k trade several Satoshis above the ask and equal to the offer - meaning it should be filled quickly. What happened? A couple hundred filled then I was front-run. That means several thousand orders were placed in front of my order and mine were never filled, AFTER the first few hundred were filled. And the 10k order was in one block!
Ok, so let's test this further. Ran 10 tests of a purchase order of 1k of ETN/BTC, all AT LEAST 5 satoshis above the current offer. This means they really should be filled instantaneously. The result?
Also of interest, the ETN/DOGE market was "temporarily suspended".
So I'm not an expert trader by any means, but I have used at least a dozen web-based exchanges trading crypto, the US market, and some forex. I understand there is an argument to be made about "liquidity" which is complete garbage. This seems quite shady. Maybe someone else can explain this a bit better because I am pissed at the moment.
Edit: spelling, errors
submitted by UnJadedAgain to Electroneum [link] [comments]

#LiQNet

Today I will talk about such a wonderful project as LiQNET The idea of creating LiQNET was born in 2015 by financiers and entrepreneurs Roman Shirokov, Vyacheslav Kasatkin and Evgeny Tarasenko, as a result of a detailed analysis of the problems of the exchange market. The goal of the project is to create a unique and reliable exchange that can combine liquidity with competing platforms and solve the problem of market fragmentation. The main feature of LIQNET is the unique technology of LEN (Liquidity Exchange Network). LEN collects and consolidates orders from exchange customers and third-party platforms into a single book of orders and makes them available for trading to all LIQNET clients. In this regard, traders can conclude deals at the most favorable prices with a minimum spread. In addition, on the server side of the LIQNET platform there is a private cloud consisting of physical servers in several places and client terminals. All of them have passed lengthy and thorough tests in the field of security. Recently in Berlin, an event related to the blocking took place, representatives of LiQNET were present with the idea of obtaining licenses for the stock exchange due to the fact that in the world of crypto currency there was a shift towards the regulation of the crypto-currency market, which is a necessary step to ensure the safety of the user and ease of mind for investors. LiQNET constantly tests new ideas, attracts new consultants, adds coins to new promising projects, learns from market leaders and creates new partnerships.
LiQNET announced a change in tactics to better serve the community, it will implement several necessary updates to raise the project to a new level. To do this, LiQNET temporarily suspended the operation of the ICO and again started the carousel in order to provide the necessary time for making changes to the project. Finally, the work on the project continues in accordance with the announced plans: the connection of a third-party trading terminal, as well as mobile applications, setting up payment gateways for the Fiat team during the ICO. The LiQNET platform continues to work in test mode on liqnet.com. The idea of the project
The LIQNET credit exchange will operate on the basis of the LEN (Liquidity Exchange Network) mechanism, this technology increases liquidity and allows combining orders of users, even third-party platforms work in the common order pool, all this makes trading more accessible to LIQNET customers. At the moment there are many crypto-exchange exchanges but they are all far from perfect.
LIQNET combines liquidity flows from different platforms in one book with a limited order. This is achieved by using the patented LEN (Liquidity Exchange Network) mechanism. It collects and integrates through API purchases or sales orders from various exchanges around the world. This forms a single book with limited exchange. LEN combines this into a single stream so that you can conduct raids at the best prices with minimal dispersion. Using LEN, you can create an improved model of the depth of the market. Unlike the standard model, it provides additional liquidity at a time when the supply meets demand. This solution is excellent, but we need another crypto, even with the new technology. There are so many of them. If you filter out all exchanges based on reliability and availability for traders, you will only have very few that you can work with. LIQNET is available and reliable, the platform is carefully checked and reliably protected. LIQNET safely and effectively unites people and financial flows. The main advantages for investors ICO In the growing crypto currency market, ICO LIQNET can be one of the few options for investors to enter the crypto currency services and exchange the market through a ready-made project. The sale price of the token is only 1 Lenovo token = 1 dollar, and with the investors' demand it is expected that the price of the token will increase. Then, as an investor, you can benefit from this. LIQNET ICO, definitely will stand out among most others because of the tactics of a well-thought-out thought that will be deployed in the coming months. It's not just an idea. This is a real product ready to be launched. It will be able to increase its competitive advantages and allow LIQNET to develop exponentially with the help of tokenization. ROADMAP AND DEVELOPMENT PERSPECTIVE
Information about the creators of the project LiQNET was created by a team of professionals in the field of finance, law and technology with proven experience in traditional investments and trading in the Forex market. The key members of the team are Roman Shirokov (CEO), Evgeny Tarasenko (CTO) and Vyacheslav Kasatkin. LiQNET was registered in 2015. The company is registered at the address in Singapore (10 Maxwell Road, Singapore).
submitted by jottu5 to u/jottu5 [link] [comments]

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