Forex News: Australian Dollar Pares Losses As Eur Stays Well-bid

Forex Peace Army , the brainchild of Dmitri Chavkerov, is a highly reputed online source that provides high quality forex trading information. Forex Peace Army was founded 8 years ago by Dmitri Chavkerov , a prominent name in the forex trading space. “Tithing or giving 10% of your income to charity is the single and most important law of prosperity. Those who learn this law quickly and start practicing it will become wealthy very quickly,” says Dmitri Chavkerov of Forex Peace Army.
Source: http://www.bizjournals.com/prnewswire/press_releases/2013/12/23/PH37205

Forex Peace Army President Dmitri Chavkerov Advises Traders To Discover The Power Of Giving By Making a 6-months Tithing Experiment

The EUR/JPY pair ushered in the week just a bit upwards, but the momentum was negative calling for further downside correction. A light resistance is seen at 142.42/50 then pre-143.00. The EUR/USD pair opened well-bid in Asia. The pair bounced back from its Friday low after the US gross domestic product surprised on the upside. Bouncing back The EUR/USD improved to 1.3694 earlier today as positive offers from leveraged entities are said to be in the 1.3700/10 region. Option bids are skewed on the upside and the EUR/GBP pair opened the week testing 0.83800-resistance.
Source: http://fxpips.com/forex-news-australian-dollar-pares-losses-as-eur-stays-well-bid/

Firm Unveils Forex Trading Scheme

To this end, in order to support the growing local interest in the forex market, the firm has announced the commencement of free training course in professional forex trading. The programme would run between January 24 and 25 in Rivers State. A statement from the firm said: Forex is an exciting and dynamic asset class to trade and it is important that any investors looking to trade take the time to educate themselves and truly understand how the market works before making any financial commitments. This stimulating, free, two day course will provide individuals with an understanding of how to trade in the Forex market, as well as key skills and systems for forecasting currency movements. The statement quoted the Chief Executive Officer, ForexTime, Olga Rybalkina as saying: Forex is one of the most volatile and exciting markets to trade with many opportunities for smart investors to benefit. However, Forex trading is a serious matter and, just like it is important to train and prepare for a skilled job, it is essential to ensure you have the proper training before commencing in any trades.
Source: http://www.thisdaylive.com/articles/firm-unveils-forex-trading-scheme/167309/

Top Forex Trading Resolutions For 2014

Daily Chart – Created Using FXCM Marketscope 2.0 — Written by Ilya Spivak, Currency Strategist for DailyFX.com Contact and follow Ilya on Twitter: @IlyaSpivak For live market updates, visit the Real Time News Feed DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM . Finance Trading Havas Worldwide president Andrew Benett studied… Business Insider It was an easy year to emulate Warren Buffett even as Congress almost wrecked the economy. U.S. stocks rocketed to new heights, and markets in Japan and Europe jumped, too.
Source: http://finance.yahoo.com/news/forex-usd-cad-technical-analysis-105700908.html

Forex: USD/CAD Technical Analysis – Testing Key Channel Bottom

This question is posed because even those who have extreme business intelligence consult the opinions and research of other to prevent an overconfidence bias becoming responsible for their downfall that could affect others. To help you avoid the pitfalls of a similar single-minded bias, DailyFX has recently put together a tool to expose you to some of the top research in the market via DailyFX on Demand . DailyFX on Demand Home Page While DailyFX on Demand is not free, trading EFT’s you can take advantage of a 30-day Money Back Guarantee. This guarantee can help you see if the real-time feedback on your trades from DailyFX analysts, insights and perspective from institutional trading desks, real-time SSI and live coverage of G10 data prints like FOMC & NFP can help guide you through volatility day in and day out. Keep an Eye for Diverging Monetary Policy in 2014 This article started with encouraging you to get comfortable with a technical approach to trading trends but will end with keeping an eye for fundamental reasons why a trend develops in 2014.
Source: http://finance.yahoo.com/news/top-forex-trading-resolutions-2014-040000843.html


Asia Stocks-thai Stocks Underperform On Political Worries

HOT August 2014 Options Begin Trading


Federal Reserve’s decision last week to start tapering its asset purchases in January 2014 had not come as a surprise to the majority of market, the research house said in its strategy report. “Given the strong domestic liquidity and provided that global growth trajectory remains on track – a key condition for tapering to continue, we believe the impact of Fed tapering on Malaysia will not http://www.todayhotstocks.com be as severe as feared,” it said. The Fed’s tapering announcement appeared to be removing some uncertainty and helped markets in the region further recoup some of their recent losses. Singapore’s key index gained 0.7 percent to 3,116.22, the highest close in more than two weeks, continuing last week’s rebounding trend.
Source: http://uk.reuters.com/article/2013/12/23/markets-southeastasia-stocks-idUKL3N0K21HA20131223

Cramer reveals major sell signal for otherwise hot stock

2, and the biggest game of the year equates to the ultimate event for wings. In 2012 it was projected Super Bowl week would see more than 1.2 billion wings eaten, making it the busiest season by far. In the past four years, Buffalo Wild Wings’ stock has risen an average of 7.6% from the first trading day of the year through the Friday before the game. This is clearly not guaranteed to repeat, and in years past, most recently 2009, shares have fallen.
Source: http://finance.yahoo.com/blogs/the-exchange/hot-sauce–hot-stock–can-buffalo-wild-wings-keep-scorching-233444992.html

Hot sauce, hot stock: can Buffalo Wild Wings stay on fire?

Should the contract expire worthless, the premium would represent a 7.29% return on the cash commitment, or 11.28% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the S&P 500 Below is a chart showing the trailing twelve month trading history for Starwood Hotels & Resorts Worldwide Inc, and highlighting in green where the $77.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $5.40. If an investor was to purchase shares of HOT stock at the current price level of $78.91/share, and then sell-to-open that call contract as a covered call, they are committing to sell the stock at $80.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.22% if the stock gets called away at the August 2014 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if HOT shares really soar, which is why looking at the trailing twelve month trading history for Starwood Hotels & Resorts Worldwide Inc, as well as studying the business fundamentals becomes important.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/12/23/hot-august-2014-options-begin-trading/

“I’d be afraid to buy them too if I didn’t have a discipline that let me know when to get out,” Cramer said. Here’s how Cramer does it. Adam Jeffery | CNBC “Usually these stocks begin with very little research coverage from the major Wall Street brokerage houses ,” Cramer said. That’s important because Cramer thinks the sell signal comes from an increase in analyst coverage.
Source: http://www.cnbc.com/id/100918024


Stocks Mixed After Three-day Downturn

The Standard & Poors 500 index fell 0.18 points, or 0.01 percent, to 1,775.32. The Nasdaq composite rose 2.57 points, or 0.06 percent, to 4,000.98. All three indexes fell for the week despite strong reports on employment, housing and retail spending. Investors have been worried that the stronger the Fed thinks the economy is, the more likely it is to stop buying http://answers.yahoo.com/question/index?qid=20131207102553AAXvB0j $85 billion per month in bonds. The purchases have been aimed at keeping interest rates low, which makes it cheaper to borrow. That has sent investors into stocks as they seek higher returns. The big indexes are up 20 percent or more this year. The central banks policy-making committee meets next week and will announce decisions, if any, on Wednesday.
Full story: http://www.ohio.com/business/stocks-mixed-after-three-day-downturn-1.452444


4 Ways To Cut Student Loan Debt While You’re Still In School

The latest bill helps all students. The basic principle is that it ties student loan rates to the bond markets. This fall, undergraduate students will pay an overall interest rate of 3.86% on their loans. It is comprised of the yield on the 10-year Treasury note on June 1, plus an additional 2.05%. Graduate students will have to pay 5.41% on loans this fall, or 3.6% over the 10-year Treasury, also on June 1.
Source: http://money.cnn.com/2013/07/24/news/economy/senate-student-loans/index.html

Education Department Finds Numerous Problems At Sallie Mae, Levies No Fines

25 that it was time to recoup some $22 million in improper payments made to Sallie Mae several years ago, following a 2009 recommendation by the departments inspector general that it recover the money. Also on HuffPost: Loading Slideshow D.B. RT @desusnice: Everyone hates you RT @SallieMae When Sallie Mae opened 1973, we had 7 employees. Today we employ 7,000 people nationwide. Rafael De La Ghetto Lmao @No_Cut_Card: Don’t complain about us complaining about Sallie Mae.
Source: http://www.huffingtonpost.com/2013/12/11/education-sallie-mae_n_4428048.html

Student loan deal passes Senate

The agency declined to name companies. But the list will likely include Sallie Mae, Nelnet, Great Lakes Educational Loan Services, and FedLoan Servicing/PHEAA all of which service large numbers of federal student more info loans. Some servicers that work with federal student loans will likely still fall under the threshold for getting the stepped-up oversight. Thats because, as weve noted , the Education Department has in the last few years expanded its stable of loan servicers to roughly a dozen. Shows that went on way too long “Californication” (seven seasons) This show is the current most-unlikely-to-still-be-on champ. Its perhaps the least-discussed show on Showtime, and has been for years.
Source: http://www.salon.com/2013/12/05/finally_real_oversight_for_student_loan_servicers_partner/

Finally, real oversight for student loan servicers

But if you think the greatest debt burden is falling on the poorest students, think again. At a time when the cost to attend some colleges exceeds $60,000, lower middle income students carry more student loan debt, on average, than students in any other economic group, according to a forthcoming study. About 41 percent of the 4,400 students in the study left school with some level of debt. But debt burdens did not decrease steadily as students’ family income rose. The study’s author, Jason Houle, an assistant professor of sociology at Dartmouth, found that students from families earning $40,000 to $59,000 are incurring about $11,000 more in student loan debt than students from families earning less than $40,000.
Source: http://www.cnbc.com/id/101262383

Private student loans no better than using a credit card for college

PSLs comprised seven percent of student loans taken out last year and are 15 percent of the nations total outstanding student loan debt. American consumers currently owe approximately $165 billion on PSLs. Choosing to pay for college through a private student loan is no better than paying for it on a credit card. Private student loans are generally more expensive and risky for consumers than more-common federal student loans, and dealing with private student lenders can be a tremendous hassle, states the PIRG analysis. PIRG also found that high debt borrowers are also disproportionately PSL borrowers, often with $40,000 or more in total debt. Even worse, PSL repayment was the subject of nearly 65 percent of the more than 4,300 complaints received by CFPB from Oct.
Source: http://www.frostillustrated.com/2013/private-student-loans-no-better-than-using-a-credit-card-for-college/

Guess which students have the highest college loan debt

Student debt is likely the biggest debt you will ever take on besides a mortgage, says Rachel Cruze, daughter of debt-free guru Dave Ramsey and speaker on student debt. Since you are the one ultimately signing on the dotted line, you must understand how the the different loans work and how the amount you borrow can affect you after you graduate. Cruze advises your main focus should be on your studies and staying in school, but you should also do everything you can to minimize the amount you are borrowing. It is especially important when using unsubsidized government student loans or private student loans which begin charging interest as soon as you receive the money in school versus lower-interest rate subsidized government student loans which are used interest-free during college. Think hard about your future repayment of student loans and use these ways to borrow less while you are still in school. Take out fewer loans If you are a first-time freshman, take the full amount offered in your financial aid package, advises Reyna Gobel, author of CliffsNotes Graduation Debt, fully updated in its second edition. Once you see what the true costs are and how the loans are applied, you can opt to reject future loans and look for ways to borrow less in subsequent semesters. Gobel advises under-used free financial counseling services available at your college.
Source: http://finance.yahoo.com/news/4-ways-cut-student-loan-140023243.html


Volcker Rule To Curb Wall Street Bank Trading Bets

Banks have already done away with many of the riskiest trading operations common before the crisis. Morgan Stanley in January 2011 said it would spin off its proprietary trading unit Process Driven Trading, which had 60 employees around the world. Goldman Sachs said it had shut down two proprietary trading desks, one known as GSPS and another that did global macro trading, by February 2011. And Citigroup has closed a loss-making unit that had traded stocks. These banks have such sprawling legal structures engaging in different financial activities that the rule needs to be adopted by a patchwork of U.S.
Source: http://www.reuters.com/article/2013/12/10/us-financial-regulation-volcker-idUSBRE9B705120131210?feedType=RSS

High Frequency Trading: Clear and Present Danger?

Arvind Kejriwal who formed AAP just an year ago has rattled the mainstream parties with his politics. His haul of 28 seats has led to a hung assembly in Delhi and with Lok Sabha elections just a few months away its almost as if both the BJP and AAP are saying ‘Pehle AAP’. Kejriwal has made it clear that AAP was not interested in taking support or giving it to any party for government formation. Earlier in the day, the Congress which won eight seats appeared to be extending an olive branch to AAP to form a government. Congress’s Delhi in-charge Shakeel Ahmed said the party is prepared to give outside support to the AAP. “Many of our leaders feel that if AAP forms government, we should lend them unconditional support from outside.
Source: http://ibnlive.in.com/news/no-government-no-horsetrading-in-delhi-as-bjp-aap-play-safe/438899-80-258.html

US Set To Adopt New Rules To Reduce Risky Bank Trading

A huge proportion of the market is certainly electronic trading and gone are the days of open outcry trading. However, much of that is more traditional large orders, for example on behalf of a pension fund, which may use algorithms to break them down into more manageable chunks and sequence these chunks in the market. Then there may be other totally automated algorithms trading for a proprietary trading firms that might hold their positions for hours or days. The Chairman of the CFTC technology advisory committee (on which I serve) Commissioner Scott O’Malia has been trying to get a good definition of HFT. He’s now got one, which is essentially “fully automated super speedy, short holding time”. Within the ranks of HFT there are almost certainly bad apples.
Source: http://www.huffingtonpost.com/john-bates/high-frequency-trading-cl_b_4393276.html

No government, no horse-trading in Delhi as BJP, AAP play safe

The rule explicitly exempts many of those kinds of funds andalso more narrowly defines commodity pools so that only thoseoperating most like hedge funds are captured. Regulators also extended the deadline by which banks have tofully comply with the new regulations by one year to July 2015,a widely expected move after they repeatedly missed deadlinesfor the rule. Further delays were also possible, the regulatorssaid in the text of the rule. DISSENTERS Even before the five regulators adopted the rule on Tuesday,lawyers were looking for weak spots, preparing for a potentialfight in court to try to knock out the legislation – possiblyhelped by dissent within the agencies.
Source: http://finance.yahoo.com/news/u-set-adopt-volcker-rule-133130834.html

ANZ Bank Said to Hire Coal Trading Team From Thailand’s PTT

In market making, for instance, they have inventories of shares or other securities in order to quickly satisfy client orders, but banks fear new limits on how long they can hold these may make it harder to stock up. Banks are also worried regulators will clip their wings when it comes to entering risky positions to mitigate financial risk arising in their business, so-called risk hedging. This can still be done when there is a direct connection to the underlying risk, but banks are used to doing this in multiple and often loosely defined ways – so-called portfolio hedging – and fear this will no longer be allowed. JPMorgan initially explained itsLondonWhale trades as portfolio hedges and regulators have since made it clear the final rule will render such trades impossible. While the narrowing of theVolckerrule trading exemptions is expected to bite, banks have already wound down http://www.etftradingsignals.com/ their proprietary trading since the crisis. Morgan Stanley in January 2011 said it would spin off its proprietary trading unitProcess Driven Trading, which had 60 employees around the world.
Source: http://www.businessinsider.com/us-set-to-adopt-new-rules-to-reduce-risky-bank-trading-2013-12

U.S. Volcker rule to curb Wall Street bank trading bets

ANZ hired the team from Tiger Energy Trading Pte, a unit of PTTs Sakari Resources Ltd. (PTT) , which markets coal from the Sebuku and Jembayan thermal coal mines in Indonesia , said the person, who asked not to be named because the details are private. ANZ will also employ Perth-based Nicholas Stephens, Sakaris managing director of marketing, the person said. State-controlled PTT, which completed the takeover of Sakari earlier this year, is shutting Tiger Energys office in Perth and will take over its trading activities, PTTs Chief Financial Officer Surong Bulakul said in a phone interview. We are closing down the Perth office as it is no longer strategically relevant to our operations, which are now concentrated in Singapore and Jakarta, Surong, who has about 20 years of oil trading experience, said by phone yesterday.
Source: http://www.bloomberg.com/news/2013-12-10/anz-bank-said-to-hire-coal-trading-team-from-thailand-s-ptt.html