Month: February 2010

By Fast Brokers – The EUR/USD’s run topped out and the currency pair has dropped quickly, sinking below 2/22 lows in the wake of weaker than expected EU data.  Germany’s Ifo Business Climate number came in a point below analyst expectations.  However, the more disconcerting release today is the huge decline in French Consumer Spending.  The figure printed -2.1% lower than analyst expectations and is the weakest reading since October 2006.  Negative fundamentals are certainly not what the EUR/USD needs considering the extent of last week’s downturn.  Investors responded abruptly by selling off the EUR/USD and sending the EUR/GBP on a large leg down.  However, the EUR/USD is still trading well above its psychological 1.35 level and previous February lows.  Hence, the currency pair has an opportunity to consolidate and salvage some form of a near-term uptrend.  Once again, the EUR/USD’s resilience will likely depend upon upcoming EU and U.S. data as well as developments in Greece and the other PIIGS economies.  It will be interesting to see how the risk trade reacts to U.S. data.  Should U.S. fundamentals print stronger than expected, this could place downward pressure on the EUR/USD so long as EU data comes in weak.  On the other hand, upbeat U.S. data could give investors confidence in the global economy and favor the risk trade.  That being said, the FX markets are still very dynamic and a bit unpredictable.  Hence, investors should continue to monitor activity in the EUR/USD closely.

Technically speaking, the EUR/USD faces multiple downtrend lines considering the extent of this year’s downturn in the currency pair.  The EUR/USD also has 2/22 and 2/23 highs serving as technical barriers should they be reached.  As for the downside, the EUR/USD has several uptrend lines serving as technical cushions along with 2/19 and 2/18 lows.  Furthermore, the psychological 1.35 area could come back into play should it be tested.

Present Price: 1.3549

Resistances: 1.3572, 1.3592, 1.3612, 1.3632, 1.3652, 1.3679

Supports:  1.3542, 1.3526, 1.3511, 1.3493, 1.3473, 1.3453

Psychological: February lows, 1.35

(click to enlarge)

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Yan Petters – Platinum is currently being traded within a range of $1,520 to $1,550 an ounce. As the chart looks right now, platinum is likely to reach the $1,550 level later on today, with potential to reach even higher.

• The chart below is the platinum 4-hour chart by ForexYard.
• The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD/OsMA and the Relative Strength Index (RSI). The Fibonacci Retracement levels were used as well.
• It’s quite clear the platinum is currently traded between the 38.2% level to the 50% level.
• Both the Slow Stochastic and the MACD are providing a bullish cross, suggesting that the recent bullish move has more steam in it, with potential to reach the $1,550 level.
• If platinum will manage to breach though the $1,550 level, it is likely to reach towards the $1,578 level.
• However if it fails to breach it, it has potential to drop down do the $1,520 level.

Forex Market Analysis provided by Forex Yard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

By Russell Glaser – The EUR/USD 4-hour chart shows an opportunity for forex traders to enter into the market on a strong downtrend.

A technical analysis of the of 4-hour EUR/USD displays a distinct downward sloping trend line, beginning on January 26th. The price made its third point of contact with the trend line today at 9:00am GMT. The third point of contact signals that this is a strong trend line that should be respected.

Three sell indicators were triggered today.

1. The first when the price of the EUR/USD pair began to head lower after it arrived at the downward sloping trend line.

2. The second sell indicator was triggered by the Parabolic SAR. The parabolic dot now appears above the price line, indicating a bearish trend .A confirmation of the strong downward trend was given by the upward sloping ADX indicator that is floating above the 30.00 mark.

3. The price has breached below the 20-day moving average line of the Bollinger Bands. We can therefore anticipate the pair’s price falling to its lower Bollinger Band.

Those forex traders whose technical analysis did not immediately identify the trend line and did not enter short in anticipation of the lower breakout can still enter into the market at a relatively attractive price. We can expect the pair to fall close to its support line of 1.3480, near its lower Bollinger Band.

Forex Market Analysis provided by Forex Yard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

The U.S. Dollar briefly stayed higher versus the EUR on Monday and near an 8-month high versus other major currencies as traders await Fed Chairman Ben Bernanke’s testimony on Wednesday and Thursday that would set the tone for the greenback in the coming days and possibly highlight future decisions regarding interest rates following the recent rise in the discount rate.

Economic News

USD – Dollar Gains vs. EUR on Rate Increase News

The U.S. Dollar rose against the EUR on Monday as investors worried about the sustainability of the economic recovery in the wake of last week’s discount rate rise by the Federal Reserve. The U.S Dollar also pared some of its losses on the Yen, rising to 91.25 yen, from 91.11 yen. According to analysts, near-term resistance is seen around 92.15 yen; the 1-month high struck last week.

This week, all eyes will be on Fed Chairman Ben Bernanke’s testimony in Congress on Wednesday and Thursday. Investors will be looking for clues on rates after the Fed surprised many by raising the discount rate last week Economists have said that any such signal from Bernanke in the coming days could lead to some unwinding of huge long positions built on the U.S. Dollar in recent weeks. Still, traders say, any fall in the Dollar is likely to be short-lived on the back a growing belief that the Fed was likely to move first amongst the major central banks in tightening interest rates.

Traders are apparently expecting the greenback to trade in a range ahead of Bernanke’s testimony and a slew of other U.S. economic data. U.S. housing prices for December are due today at 14:00 GMT as is the Consumer Confidence survey for February shortly thereafter.

EUR – EUR Stays Low against Dollar on Greece Concern

The European currency traded near a 9-month low against the U.S. Dollar as speculation that Greece’s fiscal woes will worsen reduced demand for the 16-nation single currency. The EUR fell on concern that the debt crisis among the Euro-Zone’s smaller nations will slow the region’s economic recovery, forcing the European Central Bank (ECB) to keep its main refinancing rate at a record low.

The single currency was down at $1.3594 from $1.3596 yesterday. It touched $1.3444 on Feb. 19, the lowest since May 18. Against the Japanese yen, the EUR inched up to 124.12 yen, having lost over 0.6% on Monday after a German Finance Ministry spokesman said that the country has made no decisions on a lifeline for Greece.

Weekend reports had suggested that a 20-25 billion EUR package was being prepared, providing a brief boost to the EUR earlier in the trading day. Concerns about heavily indebted Euro-Zone countries, and worries whether they will be bailed out, continue to hurt the EUR, with the single currency shedding around 5% so far this year.

JPY – Yen Weakens vs. Rivals

The Yen fell against higher-yielding currencies on prospects that Japanese investment trusts will send funds overseas this week. The JPY fell against 15 of its 16 most-traded counterparts on a speculation that Japanese investors may be preparing to buy overseas assets. The Yen fell to 124.21 per EUR from 123.92 yesterday. Against the U.S. Dollar, the Japanese currency weakened to 91.26 to from 91.14.

Finance companies are seeking to raise at least 3.8 trillion yen ($41.7 billion) for so-called Toshin mutual funds focused on higher-yielding securities this week, according to analysts. There is a concern among investors that a lot of these mutual funds are being set up this week, and it’s a factor for the Yen to be sold, they said.

Crude Oil – Spot Crude Oil Tops $80 a Barrel!

Crude Oil traded above $80 a barrel on Monday as a 2-week rally had prices of the commodity hitting little resistance in their ascent. Further support came on short-covering ahead of the expiration of the March U.S. Crude Oil contract and from buying up of U.S. RBOB gasoline futures as the market gears up for the summer driving season in the United States.

Oil’s gains came even as the Dollar edged up against the EUR as markets remained anxious about unresolved debt problems in Greece and a surprise rise in the Federal Reserve’s emergency lending rate. Traders are now trying to anticipate whether the upward movement can sustain itself.

Technical News

EUR/USD

It appears as if yesterday’s upward movement pushed this pair into the over-bought territory on both the hourly and 4-hour RSI, indicating some downward pressure. An impending bearish cross may be forming on the hourly Stochastic (slow), suggesting that a down-turn is being anticipated for mid-day. Going short appears to be today’s preferable strategy.

GBP/USD

The price of this pair has recently entered the over-bought territory on the 4-hour RSI, but the indicator remains pointing upward. An impending bearish cross on the hourly Stochastic (slow) suggests that the 4-hour RSI may turn downward in the nearest future, putting added pressure on this pair. Going short after the down-swing may be a wise tactic in today’s trading.

USD/JPY

This pair seems to be giving off a few mixed signals. Mid-term indications are showing a possible upward movement. This is supported by the recent bullish cross on the 4-hour Stochastic (slow). However, the daily RSI shows the price of this pair cascading out of the over-bought territory, highlighting longer-term downward price movement. Buying on lows and selling on highs within today’s range may be a smart decision.

USD/CHF

The USD/CHF appears to be showing some indication of a continuation to its recent bullishness. Both the hourly and the 4-hour RSI have the pair just exiting the over-sold territory, suggesting upward pressure. Going long may not be a bad choice today.

The Wild Card

Crude Oil

Looking at the weekly chart for this commodity shows a very distinct bullish channel with clear peaks and troughs. The $80 a barrel mark seems to represent the most significant price barrier for this commodity. As the price currently sits on this barrier, forex traders would be wise to note the recent bearish cross on the daily Stochastic (slow) and the over-bought indication on the daily RSI, both suggesting that the $80 mark is indeed putting heavy pressure on the price of oil. Going short and capturing the downward price move may be a wise decision.

Forex Market Analysis provided by Forex Yard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Last week the Fed surprised markets by hiking the discount lending rate to banks by 25 Basis points to 0.75%.The Fed went out of its way to emphasize this is solely a move towards normality and does not reflect on the highly watched benchmark rate which affects lending costs directly. Nevertheless Forex players perceived this move as a preliminary step towards eventual hike of the key benchmark rate and moved into Dollar buying across the board. The Euro Dollar dipped the 1.34 level the Sterling Dollar traded at the 1.535$ zone and the Yen hovered around 92.Althogh Dollar buying eased a bit with most currencies bouncing back, Forex sentiment remains rather sensitive to the probability of Fed tightening.

The Fed chairman Ben Bernanke is expected to give his semi-annual testimony on Wednesday evening (GMT Time) and investors will be keen to figure where exactly the Fed is aiming with this change in discount rate.

Buy signal- If indeed the Fed will confirm it is aiming for an eventual tightening in rate policy or mention this is part of a grand scheme towards exiting emergency measures this will be considered a bullish Dollar signal. Moreover with the US annual GDP due (due in Friday) in sight investors will assume positive numbers.

Sell Signal-With the Dollar currently stabilizing and failing to close at new highs any statement from the Fed that this is an isolated decision (raising the discount rate last week) and add cautious comments on the economy it will be perceived as a bearish signal and could trigger a Dollar selling.

Sterling sentiment recovering in recent hours

Daily Forex Market Analysis provided by eToro

Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don’t trade with money you can’t afford to lose.

© 2009 eToro Blog.

By Editorial Staff

Investor expectations are decidely bullish right now, and many people expect an economic turnaround this year. What do the underlying economic conditions suggest? The Chinese mall “The Place” demonstrates the contrast between investor hope and economic reality.

The following is an excerpt from the February issue of Global Market Perspective. For a limited time, you can visit Elliott Wave International to download the rest of the 100+ page issue free.

Bullish expectations (shown by the top three panels) may not be quite as extreme as they were in 2007, but adjusted for underlying economic conditions (bottom panels), the current psychology probably ranks right up there with the most complacent outlook in history. The charts of housing, consumer credit and unemployment show the systemically sluggish state of the economy. We know that fundamentals always lag psychological trends, but the lag is generally only a matter of months. It’s been nearly 11 months since the outset of the Primary wave 2 rally; by these critical economic measures the rebound is barely registering.The wide disparity between the hope of investor expectations and the reality of economic strength shows that the great bear market — already ten years old — remains in its early stages. As the next legdown matures, hope will turn to despair, and it will become impossible to ignore the persistence of the economic contraction.

The same chasm between fundamental performance and stock market expectations is visible in other parts of the world. In China, for instance, ground reports reveal how out-of-whack financial
expectations are with street-level demand. A blog called The Peking Duck described Beijing’s “stunningly dysfunctional, catastrophic mall, The Place. Fifty percent of the eateries in the basement were boarded up. The cheap food court, too, was gone, covered up with ugly blue boarding, making the basement especially grim and dreary. There is simply too much stuff, too many stores and no buyers.” The world’s largest mall in southern China is completely empty. Most investors do not see past the performance of the Shenzhen or Shanghai stock indexes, just as most of the buying and selling of U.S. stock indexes remains detached from the real economy. We see lots of hope but no change in the reality.

EURUSD had formed a short term cycle bottom at 1.3443 level on 4-hour chart. Another bounce to test 1.3838 key resistance is expected later today. As long as this level holds, the price action from 1.3585 is treated as consolidation of downtrend from 1.4579, and one more fall towards 1.3400 area is still possible. However, a break above 1.3838 resistance will indicate that the downward movement from 1.4579 has completed at 1.3443 already, then further rally could be seen to 1.4000 or even 1.4500.

Daily Forex Forecast

By GCI Forex Research

Fundamental Outlook at 1500 GMT (EDT + 0500)

€

The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3575 level and was capped around the $1.3655 level.  A flat day for U.S. equities capped the common currency as did rumous of an “emergency bailout” of up to €25 billion for Greece’s economy.  European Central Bank member Bini Smaghi said European Union states need to support Greece financially, adding he opposes an International Monetary Fund bailout for Greece.  Many traders believe the ECB will be forced to keep its interest rates low for some time on account of the fiscal crises – including Greece’s – in the eurozone.  Short-term euro forward borrowing rates have collapsed this month, an indication of expectations for lower rates.  ECB member Provopoulos said the Greek government will meet its “very ambitious” deficit reduction goals and finance minister Papaconstantinou is on the tape saying the country is “ahead of schedule” on reducing its budget deficit and will not require a “bailout.”  In U.S. news, data released today saw the January Chicago Fed natinal activity index improve to +0.02, up from the revised print of -0.58, while the February Dallas Fed manufacturing index came in much weaker-than-expected at -0.1%, down from the +8.3% previous reading.  Data to be released tomorrow include the December S&P/ CaseShiller home price index, February Richmond Fed manufacturing index, and February consumer confidence.  San Francisco Fed President Yellen said the “economy still needs the support of extraordinarily low rates.”  Yellen also warned the economy is likely to operate “well below its potential throughout this year and next.”  She also indicated interest on bank reserves will pay a “lead role” when policy is eventually tightening, signaling the Fed is likely to make adjustments to its monetary targets and perhaps become less dependent on the federal funds rate.  Euro bids are cited around the US$ 1.3335 level.

¥/ CNY

The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥91.00 figure and was capped around the ¥91.90 level.  Finance minister Kan called on Bank of Japan to “make more efforts” to combat deflation, just days after suggesting the central bank target an inflation target.  BoJ Governor Shirakawa today said Japan is “providing ample liquidity” and again called on the government to rein its massive public debt burden.  Prime Minister Hatoyama yesterday indicated he “sincerely” hopes the BoJ will implement “monetary policy appropriately.” The spat between the central bank and government is worsening just days after data revealed deflationary pressures are deepening in Japan.  Vice finance minister Minezaki suggested the government should suspend a temporary measure that reduces taxes on income from dividends and capital gains.  The central bank last week voted to keep monetary policy unchanged and some dealers expressed surprise the central bank did not expand its monthly Japanese government bond buying operations.  Some traders have already starting repatriation inflows of yen back to Japan ahead of the fiscal year end at the end of March.  The Nikkei 225 stock index climbed 2.74% to close at ¥10,400.47.  U.S. dollar offers are cited around the ¥94.75 level.  The euro moved lower vis-à-vis the yen as the single currency tested bids around the ¥123.60 level and was capped around the ¥125.20 level.  The British pound moved lower vis-à-vis the yen as sterling tested bids around the ¥140.75 level while the Swiss franc moved lower vis-à-vis the yen and tested bids around the ¥84.40 level. In Chinese news, the U.S. dollar depreciated vis-à-vis the Chinese yuan as the greenback closed at CNY 6.8265 in the over-the-counter market, down from CNY 6.8333.  Chinese financial markets were closed last week for the Chinese New Year holiday.  Chinese leaders today said the country will maintain an “appropriately loose” monetary policy in 2010 and seek to balance the objectives of fostering growth and managing inflation expectations.  Some media reports are suggesting China is becoming increasingly concerned with the “carry trade” in which hot money inflows are finding their way into the Chinese financial system after borrowings are being made in cheaper currencies like the U.S. dollar.

₤

The British pound moved higher vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.5520 level and was supported around the $1.5430 level.  Bank of England Monetary Policy Committee member Fisher last week said the economic outlook is “hugely uncertain.”  Fisher added “Double dip (recession) is something that would likely happen if there was some exogenous, extraneous shock that came along and hit the economy.  It’s not something that you can forecast.”  It was announced last week that Kate Barker will leave the MPC and Spencer Dale was reappointed to the MPC.  Cable bids are cited around the US$ 1.5340 level.  The euro moved lower vis-à-vis the British pound as the single currency tested bids around the ₤0.8760 level and was capped around the ₤0.8815 level.

CHF

The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0785 level and was supported around the CHF 1.0740 level. Swiss National Bank member Jordan said the franc’s strength is “no obstacle” to recovery and added financial regulation needs to increase.  Data released in Switzerland last week saw the January trade surplus climb to CHF 2.42 billion from CHF 1.36 billion in December while the ZEW February expectations survey fell to 52.5 from 56.2 in January.  Dealers last week speculated the Swiss National Bank sold francs for euro in an intervention to help Swiss foreign trade.  Many dealers believe the Swiss National Bank will not be able to prevent the Swiss U.S. dollar offers are cited around the CHF 1.0930 level.  The euro moved lower vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.4630 level while the British pound appreciated vis-à-vis the Swiss franc and tested offers around the CHF 1.6715 level.

Forex Daily Market Commentary provided by GCI Financial Ltd.

GCI Financial Ltd (”GCI”) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (”Forex”) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (”CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

By Fast Brokers – The AUD/USD continues to outperform and is currently challenging its highly psychological .90 level.  The AUD/USD has held strong despite uncertainty in the risk trade due to the RBA’s relatively tight monetary policy stance as opposed to the central banks of other developed economies.  That being said, should the Euro and Pound post a recovery the Aussie should benefit since uncertainty in the EU was a determining factor when the RBA decided to halt its rate increases at the last policy meeting.  Positive performances in the Euro and Pound along with strong Australian economic data could propel the Aussie higher in anticipation of another rate hike.  On the other hand, should uncertainty in the EU return and the Aussie underperform the Aussie could lose a bit of its luster since the RBA may be inclined to continue its wait and see approach to monetary policy.  Hence, investors should keep an eye on how the overall risk trade performs along with any new news concerning Greece and the other PIIGS nations.  Investors will receive some key data points from the EU and U.S. along with a public address from one of the RBA’s governors.  Hence, volatility could pick up a bit as tomorrow’s trading session progresses.

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 2/18, and 2/19 lows.  As for the topside, the Aussie has multiple downtrend line serving as technical barriers.  However, the downtrend lines are widening, meaning a topside breakout could yield considerable near-term gains.  Meanwhile, the .90 level could continue to have a psychological influence on the Aussie.

Price: .9007

Resistances:   .9009, .9026, .9045, .9058, .9073, .9093

Supports: .8981, .8964, .8949, .8930, .8917, .8903

Psychological: .90

(click to enlarge)

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

By Fast Brokers – The USD/JPY is sinking from Friday’s highs despite calls from Prime Minister Hatoyama and Finance Minister Kan for the BoJ to do what is necessary to fight deflationary pressures.  However, the BoJ seems to be doing what it can to avoid more bond purchases in order to restore investor confidence in Japan’s economy.  After all, the BoJ wants to do what it can to avoid speculation that Japan will fall into another lost decade.  The USD/JPY’s current decline shows that investors may not be giving much weight to comments from Hatoyama and Kan.  For if investors thought the BoJ would be proactive in fighting deflationary pressures, the USD/JPY would likely rise in preparation from a looser monetary policy from the BoJ.  On the other hand, this may just be a healthy dip in the USD/JPY after last week’s solid rally resulting from a broad-based exit from the risk trade.  Meanwhile, the FX market is cooling altogether due to the lack of news and data.  However, activity could pick up tomorrow due to key economic releases from the EU and U.S.  Additionally, it will be interesting to see how intent the BoJ is in battling deflation when tomorrow’s monetary meeting minutes are released.  Meanwhile, investors should monitor the USD/JPY’s ability to stay above our uptrend lines and avoid a retest of the highly psychological 90 level.

Technically speaking, the USD/JPY has multiple downtrend lines serving as technical barriers along with intraday and 2/19 highs.  Our 3rd tier downtrend line serves as a key barrier since it runs through January highs.  Hence, an eclipse of our 3rd tier could signal a continuation in the rally towards the 93 area.  As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with intraday and 2/18 lows.  Furthermore, the highly psychological 90 level becomes a technical cushion should it be retested.  That being said, the longer the USD/JPY holds above 90 the strong the currency pair’s uptrend becomes due to the level’s psychological relevance in the past.

Present Price: 91.32

Resistances: 91.45, 91.56, 91.70, 91.82, 91.93, 92.07

Supports: 91.28, 91.17, 91.06, 90.97, 90.88, 90.77

Psychological: 90, February highs

(click to enlarge)

Market Commentary provided by Fast Brokers.

Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.

Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.