Near Term Weakens But . . . The US dollar weakened Friday morning after the release of US 2nd quarter GDP data. The data was strong at 2.6% but only as-expected and there was a downward revision to the previous month which seemed to accelerate the near term down trend. By mid morning the tables […]
There was a small market rally last week – looking ahead, investors will be keenly watching these upcoming data releases. They are expected to have an impact on the CAD, Euro and US dollar pairs. Tuesday 25th July German IFO Business Climate Index. (08:00 GMT) The German business confidence index reflects the current sentiment among business leaders. Produced by […]
Citrades Shut Down By The CFTC The CFTC revealed charges against Jason B. Scharf this week. The alleged charges include his operation of multiple fraudulent binary options brokerages and working in collusion with affiliate marketer Michael Shah to scam traders of more than $16 million dollars. The companies include a network of shell and front […]
Correlations Are A Two Edged Sword Currency correlation is a big deal in the forex world. It defines the way in which currency pairs move in relation to each other. On one hand there are pairs which share a currency like EUR/USD and USD/JPY and on the other individual currencies which tend to move in […]
Statistics Say You Should Be Trading Believe it or not the statistics say you should be trading. Not only that, the newest internal trade Data from IQOptions shows you should be trading, what you should be trading and when you should be trading it. As a technician and short-term trader I have to say I […]
Please note that SpotOption is no longer active. They have since long ceased trading. SpotOption’s New Digital Contracts, Warnings And More Spotoption just announced the release of their latest innovation, Digital Contracts. The Digital Contracts are another step toward providing the most transparent and regulator friendly binary options trading outside the US. This latest effort […]
VIX Index Sending Signal Not Seen In 10 Years The month of May has been notable for many reasons. Trump scandals grew in proportion, OPEC extended its production caps, global equity markets hit all-time highs and volatility retreat to a low not seen since before the Global Financial Crisis. In most cases a low reading […]
Political Unease Leaves Markets Vulnerable Mounting unease has the market reeling. Scandal on Pennsylvania Avenue is taking on a life of its own and may embroil President Trump in an ongoing saga of accusations, investigations and possibly criminal proceedings. The story took a noted turn for the worse in early May with the firing of […]
Unregulated Brokers Slipping Through The Cracks In a report first broken by FinanceMagnates in an exclusive story unregulated brokers are switching tactics. At least, they are moving to new locales and targeting new markets with the same old tricks. The problem they faced, a crack down on non-regulated brokerages and on their marketing tactics, forced […]
NADEX, Self-Regulated Safe Broker NADEX has provided an example of how a broker, and exchange and the binary options should operate; self-regulating. The exchange has recently banned a husband and wife team found guilty of operating a money-pass scheme. Money-pass, a practiced deemed unethical and illegal by NADEX and regulators, is a fraud in which […]