Events

Forex London Network

Posted by on Apr 1, 2014 in Events, Featured, Learning to Trade?, Market News, Uncategorized

Forex London Network

Profit and Loss are a company that specialise in financial markets and business and technology information. They also hold forex events throughout the world and there just so happens to be one in London later this month. Personally, I thoroughly enjoy going to events such as these. Hearing expert opinions while meeting other traders from the Forex London Network is a great way to spend the day. On Wednesday 23rd April 2014 Profit and Loss have secured some fantastic speakers and a great variety of subjects for them to speak about. The sessions are as follows: – Better Execution: Do best execution rules reflect the changing market structure and modern technology available? – FX Options, The Year We Find Out: Is 2014 the year the ‘new’ options market evolves? – Vision of the Future: How do service providers react and adjust? How will the industry build an efficient structure for the next decade? – New Channels, New Challenges: What are the pros and cons of new trading medians and how does the market infrastructure need to adapt to cope? – Think Tank: Lit, Dark or Dusky? The future of the marketing model. The speakers we are most looking forward to are Joanthan Wykes and David Holcombe. Jonathan Wykes is the head of e-FX sales, EMEA and the global head of FX Algo Sales at Bank of America Merrill Lynch. He will be one of the speakers throughout the better execution session. We are keen to hear his experience of when he was a key player in advancing the execution services Algo product from equities into FX. David Holcombe is the senior MD, FX, Nadaq OMX. David will be speaking about the future and challenges of technology and how existing services will evolve. What Forex events are you looking forward to this year? Leave us a comment and let us know or get in touch via Twitter, also follow the event by using the hashtag #ForexNetworkLondon and check out @Profit_and_Loss Twitter...

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QE3 arrives

Posted by on Sep 14, 2012 in Events, Market News, News

QE3 arrives

This has been quite a momentous week on the currency markets. On Wednesday, the German constitutional court okay-ed the German governments contribution to the European Stability Mechanism (ESM), removing one potential obstacle in the Forex markets. It means the Eurozone countries have a backstop, for now. The Euro is trading close to 1.3100 against the US Dollar as I write this piece. A couple of months ago, the Euro was trading at 1.2250 and heading south. I would not have predicted a rise of this nature. So what has caused it? It is certainly not the strong Eurozone economy, that’s for sure. Well, from the ECB, Mario Draghi has shown some leadership on the Euro crisis and is attempting to solve the issues single handed. He will need some political support in this process. There are many obstacles ahead and the track record over the past few months does not inspire confidence. The real support for the Euro came from the Fed yesterday evening, with the announcement of further quantitative easing, or QE3. This means the Fed is going to start the printing presses again, pumping $40 billion into the economy every month until is gets going and unemployment is down to a reasonable level. So far, much of the money being printed does not seem to flow into economic activity. With consumers still concerned about debt levels, free spending on credit cards and economic growth as we’ve known it remain a distant prospect to...

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UK GDP and the Olympics

Posted by on Jul 27, 2012 in Commentary, Events, Featured, Market News, News

UK GDP and the Olympics

UK GDP figures show a third consecutive quarter with the economy shrinking, or as the official term goes, negative growth. The quarter on quarter drop of 0.7% was far greater than the 0.2% anticipated by the markets. Naturally, the value of sterling fell after the announcement. I don’t know about you, but I have some sympathy for those claiming the weather slowed the economy down. With the wettest April and June for more than a century, it was hardly surprising that construction output fell. I can just imagine all of the muddy waterlogged building sites at a virtual standstill. I have not seen any figures for agricultural output, but I can imagine this was another area of the economy to falter. I recall listening to a piece on Radio 4 talking about the pea harvest and the additional costs being involved in extricating expensive machinery out of the bogs that used to be fields. In my own garden, many crops are late or have simply given up. And the extra bank holiday, yes it was 1 day out of 91 in the quarter where output was other than normal. Now, we have the Olympics about to start and who knows what impact that will have on next quarters GDP figures. I must say it was easy getting a restaurant reservation for tonight. This suggests that whatever the positive impact of the Olympics on next quarters GDP, there will be compensating factors. With additional visitors here for the Olympics, there are probably as many nationals that have left to escape the crowds and the British summer. I won’t be guessing the next set of figures, but I’ll be anticipating them all the same....

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