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National Futures Association  

News for forex traders

If you're a forex trader, you might be interested in two short video interviews with NFA President Dan Roth. The interviews were conducted by MoneyShow, Inc. MoneyShow produces a wide range of programs, including the Traders Expo, The Forex Trading Expo and The Financial Advisor Symposium. In 2006, MoneyShow launched MoneyShow.com, providing live and on-demand access to presentations featuring advice, strategies, recommendations and education for individual investors, active traders and financial advisors.

In the first interview, "Before You Make a Spot Forex Trade", Mr. Roth explains how the regulations have changed in the forex markets and names key considerations that traders must be aware of. In the second interview, "Before You Start FX Trading", he poses some key questions that beginners must consider before they even open their first trading account.

In related forex news, NFA will again this year participate in the Forex Trading Expo, held on September 23-25 at Caesar's Palace in Las Vegas. NFA will sponsor an information booth in the exhibit hall, where staff will distribute forex education brochures and discuss how to conduct online background checks of forex firms and brokers.

"Investors attending the Expo spend a lot of time learning forex trading strategies," says Larry Dyekman, director of Communications and Education at NFA. "We give them the opportunity to spend an equal amount of time learning about the risks involved in trading forex and the firms who are vying for their money."

For more information on the expo, visit the expo's website.


  

                                                                        




Forex Market Update Fri Sep 3 09:02 2010

Economic News

Sep 3, 2010 Eurozone Retail Sales Grow For Third Straight Month
Eurozone retail sales volume increased in July for the third straight month, largely led by sales of food. Full Article
Sep 3, 2010 South Korean Final GDP Up 1.4% On Quarter
South Korea's gross domestic product expanded 1.4 percent in the second quarter of 2010 compared to the previous quarter, the Bank of Korea said on Friday. Full Article
Sep 3, 2010 Swiss Consumer Prices Remain Flat In August
Switzerland's consumer prices remained unchanged in August from the previous month, data from the Federal Statistical Office showed on Friday. Full Article
Sep 3, 2010 Norway Jobless Rate Drops In August: NAV
Norway's unemployment rate eased in August for the first time in three months. Full Article
Sep 3, 2010 Employment Falls By Much Less Than Expected In August
Employment in the month of August fell by much less than economists had been expecting, according to a report released by the Labor Department on Friday, with the report also showing a much smaller than previously reported drop in employment in July. Full Article

Forex Top Story

Sep 3, 2010 Japan Capital Spending Falls For 13th Quarter
Capital expenditure by Japanese companies continued to decline in the June quarter extending the current sequence of decline to 39 months, official figures showed on Friday. Full Article
Sep 3, 2010 Indonesia Orders Banks To Raise Reserves
Indonesia's central bank on Friday decided to raise banks' reserve requirement ratio in a bid to curb lending amid rising inflation. It also left its benchmark interest rate unchanged at 6.5% as expected. Full Article
Sep 3, 2010 Eurozone Private Sector Expansion Continues In August
Eurozone private sector continued its expansion with services activity picking up to a three-month high in August. Full Article
Sep 3, 2010 Slower UK Services Growth Raises Double-Dip Concerns
U.K. service sector recovery continued to loss momentum with growth flagging to a sixteen-month low in August as employers shed more jobs owing to uncertain economic outlook amid tough austerity measures and the value added tax hike. Full Article

Commodities

Sep 3, 2010 Gold Hovers Above $1,250 Amid Weak Dollar
The price of gold was steady above $1,250 Friday morning as all eyes were set on the key employment data from the U.S. Full Article
Sep 3, 2010 Crude Eases Below $75; Jobs Data In Limelight
The price of crude oil was easing Friday morning as traders turned cautious ahead of the key employment data from the U.S. Full Article

Political News

Sep 3, 2010 Regular Follow-up Meetings For Middle East Peace Framework Deal
A high-profile Middle East direct peace talks that were revived after nearly two years in Washington on Thursday decided to hold regular follow-up meetings every two weeks. Full Article
Sep 3, 2010 Romanian Finance Minister Sacked
Romanian Prime Minister Emil Boc has made a major reshuffle of his Cabinet aimed at continuing reforms and revitalizing the economy. Full Article
Sep 3, 2010 Israel Resists IAEA Move To Unravel Its Nuclear Status
Israel has outrightly rejected the International Atomic Energy Agency's (IAEA) attempts to gain access to its nuclear program and join the global campaign to check the proliferation of nuclear weapons, the IAEA said in a report on Friday. Full Article
Sep 3, 2010 US Forces To Battle Taliban During Post-Pullout Phase: Gates
American troops in Afghanistan will continue to fight Taliban militants even after the scheduled date for the drawdown, reports quoting U.S. Defense Secretary Robert Gates said. Full Article
Sep 3, 2010 Japan Imposes Fresh Sanctions On Iran Over Nuclear Program
Japan on Friday slapped additional sanctions on Iran over its disputed nuclear program, reports said. Full Article

Currency Alerts

Sep 3, 2010 Australian Dollar Declines Ahead Of U.S. Jobs Data
The Australian dollar weakened against its major rivals on Friday in Asia as markets participants are cautiously awaiting the job report from U.S.. Full Article
Sep 3, 2010 Pound Pares Recent Gains Against Majors On Weak U.K. Services PMI Report
The pound that strengthened against other major currencies in early European deals on Friday on strong equities pared its gains after a report showed at 4:30 am ET that U.K.'s services PMI dropped more than expected in August. Full Article
Sep 3, 2010 Euro Climbs As Equities Advance Ahead Of U.S. Jobs Data
Friday in early European deals, the euro strengthened against other major currencies as equities rose ahead of key U.S. jobs data due later in the day. The euro jumped to a 2-day high against the yen. Full Article

General News

Sep 3, 2010 Hurricane Earl Weakens As It Approaches North Carolina
Tropical storm Hurricane Earl has been downgraded to a Category Two Storm, with an hourly top windspeed of 165 kilometers, as it was nearing the coast of North Carolina on the Atlantic coast, reports said late Thursday. Full Article
Sep 3, 2010 Russian Grain Export Ban Extended To Next Year
Russian Prime Minister Vladimir Putin has said that an year-long ban on the export of grain and other agriculture products made from grain will remain in force at least until the harvest of next year. Full Article
Sep 3, 2010 Philippines Begins Three-Day Hostage Crisis Probe
Authorities in the Philippines have begun a three-day investigation into a botched hostage rescue operation in which eight Hong Kong tourists on a bus were killed in the capital Manila. Full Article
Sep 3, 2010 Mexican President Claims Progress In Anti-Crime Battle
In a national address highlighting Mexico's achievements in fighting organized crime, President Felipe Calderon said drug-cartels were turning to extreme violence in the wake of the crackdown on drugs-smuggling into the United States. Full Article
Sep 3, 2010 Ohio Governor Commutes Sentence Of Death Row Inmate
Ohio Governor Ted Strickland on Thursday commuted the death sentence of a triple murderer to life imprisonment without the possibility for parole due to "unanswered questions" in the case. Full Article





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Economic Calendar

WASHINGTON DATEBOOK | ECONOMY & POLITICS | ECONOMIC PREVIEW | MARKETS
 
 
 
time (et) report period Actual Consensus
forecast
previous
MONDAY, AUG. 23
  None scheduled        
Tuesday, AUG. 24
10 am Existing home sales July   4.70 mln 5.37 mln
Wednesday, AUG. 25
8:30 am Durable goods orders July   2.7% -1.0%
10 am New home sales July   339,000 330,000
10 am FHFA home prices June   N/A 0.5%
Thursday, AUG. 26
8:30 am Jobless claims 8/21   490,000 500,000
FRIDAY, Aug. 27
8:30 am GDP revision 2Q   1.2% 2.4%
10 am Consumer sentiment Aug.   69.0 69.6
 
Next week's U.S. economic reports
time (et) report period Actual CONSENSUS
forecast
previous
MONDAY, AUG. 30
8:30 am Personal income July   0.2% 0.0%
8:30 am Consumer spending July   0.3% 0.0%
Tuesday, AUG. 31
9 am Case-Shiller home prices June   N/A 1.3%
9:45 am Chicago PMI Aug.   59.0% 62.3%
10 am Consumer confidence Aug.   51.0 50.4
Wednesday, SEPT. 1
8:15 am ADP employment Aug.   N/A 42,000
10 am ISM Aug.   53.5% 55.5%
10 am Construction spending July   -0.5% 0.1%
TBA Motor vehicle sales Aug.   11.6 mln 11.5 mln
Thursday, SEPT.. 2
8:30 am Jobless claims 8/28   N/A N/A
8:30 am Productivity 2Q   -1.9% -1.0%
10 am Factory orders July   1.1% -1.2%
10 am Pending home sales July   -1.0% -2.6%
FRIDAY, SEPT. 3
8:30 am Nonfarm payrolls Aug.   -106,000 -131,000
8:30 am Private payrolls Aug.   45,000 71,000
8:30 am Unemployment rate Aug.   9.6% 9.5%
8:30 am Average hourly earnings Aug.   0.1% 0.2%
10 am ISM services Aug.   53.8% 54.3%
 
Long-term GDP forecasts
DATE report period forecast previous
Oct. 29 GDP 3Q 2.5% 2.4% (2Q)
Jan. 2011 GDP 4Q 2.5% 2.4% (2Q)
April 2011 GDP 1Q 2.5% 2.4% (2Q)
 
Federal funds forecasts
DATE forecast CURRENT
Sept. 21 0% to 0.25% 0% to 0.25%
Nov. 3 0% to 0.25% 0% to 0.25%
Jan. 26 0% to 0.25% 0% to 0.25%
 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher FINANCIAL AND FOREX INFO or FGC FOREX. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the  methodologies or systems in this website will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.


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