Forex Crunch FXCM Worth $1 Billion?

Forex Crunch FXCM Worth $1 Billion?


FXCM Worth $1 Billion?

Posted: 18 Nov 2010 02:00 AM PST

We’ll soon get an answer to the question above. FXCM filed for an IPO in New York’s stock exchange, for a value of $975 million to 1.1 billion dollars. When the stock will start trading, it may serve as an interesting barometer for the forex industry. The prospectus towards the offering of stocks already reveals [...]

AUD/USD: Corrective Recovery From 0.9720

Posted: 18 Nov 2010 12:00 AM PST

On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when f

EUR/USD Nov. 18 – On the Road to Recovery

Posted: 17 Nov 2010 11:31 PM PST

EUR/USD manged to recover as hopes for a resolution in Ireland begin to take shape. Will the Euro reconquer important lines it lost, or is it just a retracement before another drop? Here's a quick update on technicals, fundamentals and community tr

What It Really Takes To Be Successful

Posted: 17 Nov 2010 06:00 PM PST

Trading is a business. Now you may be thinking to yourself "Yeah know that, tell me something I don't know" but you would be surprised at how many people don't realize this and if they do they certainly don't treat it like one. They start trading

Forex Daily Outlook – November 18 2010

Posted: 17 Nov 2010 02:00 PM PST

Philly Fed Manufacturing Index in the US, MPC Member Posen Speaks and much more on today's outlook. Let's see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past

Pound At The Channel Support

Posted: 17 Nov 2010 10:25 AM PST

Pound was one of the weakest currencies yesterday, especially against the US dollar, when Gbp/Usd broke through 1.5950 support region. A very sharp bearish price action from 1.6180 suggests that pair could be in a third wave here; a red wave 3) which

Elliot Wave Analysis – S&P500: Corrective Pull-back

Posted: 17 Nov 2010 09:31 AM PST

S&P is covering some yesterday's losses, but probably trades only in a corrective pull-back, labelled as a blue wave (iv), as a sharp decline from the 1207 shows a personality of a third wave. With this being said, a current trend remains b

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