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Hi All !!! I have gone over all of your replies and didn't see anyone mention the name of any PROP FX FIRMS. That's because there are none EXCEPT for ONE, THE ONLY FIRM IN THE INDUSTRY RIGHT NOW IS THE COMPANY I WORK FOR - Global FX Remote Group, LLC Check out their web site at...

Hi All !!! I have gone over all of your replies and didn't see anyone mention the name of any PROP FX FIRMS. That's because there are none EXCEPT for ONE, THE ONLY FIRM IN THE INDUSTRY RIGHT NOW IS THE COMPANY I WORK FOR - Global FX Remote Group, LLC Check out their web site at...

The decline in gold today has accelerated on the back of the China rate hike speculation.Gold has dropped another notch lower through $389.00 support to trade to $384.90. The USD rally in response to the falling gold price has seen USD/JPY finally test 110.00. Offers are still seen...

At 4:30 am EST, Trichet will speak in front of Parliament. Taking clues from his previous remarks at the G7 and the Eco club in NY, he will likely stress structural reform heavily over more monetary stimuli. I think he wants to keep some fire power in case the consumer sector does not pick up...

USD/JPY looking like a nice short into strength. JPY inflation data higher last night (inflation a good thing in Japan) EUR/USD made new lows, it didn't get near its high of 109.90, Clearly overbought on the daily; Fib 50% Retracement looks around 106.55. Look for tonight's Consumer...

June gold added $1.00 to trade $396.70 in late morning trade as a downward correction in the US dollar sparked buying. The early high at $398.80 along with psychological resistance at $400.00 looks ike the nearby obstacle, with last Monday's $406.50 high and the failed support at $414.50 as...

The hourly downtrend drawn off the April 19 high at 1.2077 comes in this morning at the 1.1885 level, and the market looks to be making a run for it early on. Small stops are seen above the trendline at just above 1.1900, dealers report. A number of rallies have stalled in the 1.1920/45 area in...

German IFO out in a few minutes. Expectations are 95. Might come in weaker, but I can't see the Euro dropping much on it. I think alot of bad news is already priced in. Euro might have already hit its low earlier in the session.

Greenspan has not backtracked on his message to the Senate Banking Committee yesterday. In testimony before the Joint Economic Committee this morning, Greenspan says the economy is now a in a period of "more vigorous expansion" and that the labor market appears to be gradually advancing. He...

The weaker than expected ZEW survey out of Germany followed by hawkish comments from the Fed"s McTeer had the EUR/USD slipping lower even before Fed Chairman Greenspan gave testimony. The market wasn"t expecting too much from Greenspan, as he wasn"t scheduled to speak about the state of the U.S...

Iwould trade the foreign exchange market if you looking to trade the late hours. Currencies are more stable to trade.

I find Financial Times to be the very informative.

Basel is a city nestled in the Three Countries of Germany, France and Switzerland. But that's not what i meant by Definition Basel1 and Basel 2 have been mentioned in Greenspan's speech so I gave a link so everyone could understand what they mean when BASEL is mentioned not the location

In case you guys were wondering what BASEL stands for It has been mentioned frequently in Greenspan speech http://www.bis.org/bcbs/aboutbcbs.htm

While it should come as little surprise, Greenspan pulls no punches in saying that US banks are prepared for interest rates to rise. Likewise, the banking system will not be destabilized once the Fed begins tightening monetary policy. Greenspan says banks have managed their growing mortgage...

Traders say that the EUR rally, on the back of ECB member comments, has also sparked the short-squeeze in Cable. GBP/USD rallied through stops at 1.7935 to trade to 1.7960/70. This market is very choppy with traders keeping tight stops on the currency pairs for fear of a sharp reaction to...

June gold was $2.40 lower at $398.80 in midday trade Tuesday as the US dollar index rallied to retest its recent highs on expectations that the US Federal Reserve Board would raise rates off their 48-year low. The market traded as low as $396.30, a near retest of both the $396.20 low from...

It is debatable whether the EUR would still have avoided a fresh collapse vs the dollar even without the release of a very poor German ZEW report. The dollar has been on a mission from the off and has made steady gains across the board Tuesday. The European session got underway with the...

Leading Eco INdex coming out in a few minutes. Should be strong. USD/JPY already has anticipated it.

USD looks like it could be weak this week._ Talk of no interest rate hike in the US in June, like some people thought and caused the USD to go up big. Spain pulling out of Iraq, Israel killing another top hamas leader, Snow making remarks about letting the currency market dictate exchange rates...