ACM offers online forex trading services for traders wanting to make speculative transactions on the exchange rate between two currencies.
These rates may be influenced by world economic and political events, currency rate differentials, as well as many other factors including extreme weather conditions (hurricanes), acts of terror etc.
Forex is the largest marketplace in the world with more than 3.2 trillion dollars changing hands daily and so making it one of the most attractive and lucrative markets.
Sunday, February 15, 2009
Forex News and Events:
The dollar weakened throughout the night as continued speculation the U.S Stimulus package wouldn’t be sustainable marred sentiment. The EURUSD traded a 1.2879 – 1.2949 range with a slight bias to the upside. However, we continue to believe any move on the part of the pair is dollar driven. Euro zone GDP figures are expected at 10:00 GMT today (-1.2% vs. -0.2%).
A key event today and tomorrow is the G7 summit in Rome. 7 of the largest economies will discuss monetary policy and interest rates – with a focus on the dollar and the Yen. Some may remember the concerted intervention in 1985 and 1987 on the dollar – however we don’t see this meeting being a major currency mover, except if some sort of landmark agreement spawns from this meeting.
Markets will continue to trade with risk aversion as the main impetus. It is interesting to note that with global interest rates so low the YEN isn’t necessarily that strong against other currencies – however with a local economy so dependant on exports, the relatively strong Yen continues to hurt the economy. The inverse can be said of the Sterling, which has been greatly oversold – on worsening economic data.
News in brief: Australia votes and accepts the previously rejected $27.3m stimulus plan. Europe set to confirm deep recession with GDP numbers today. US initial jobless claims falls short of consensus at -623K (vs. prev. -626K). Improvement in Retail sales shouldn’t be taken as a real sign of recovery – heavy discounts and a strong Christmas season are to blame. News is light today.
A key event today and tomorrow is the G7 summit in Rome. 7 of the largest economies will discuss monetary policy and interest rates – with a focus on the dollar and the Yen. Some may remember the concerted intervention in 1985 and 1987 on the dollar – however we don’t see this meeting being a major currency mover, except if some sort of landmark agreement spawns from this meeting.
Markets will continue to trade with risk aversion as the main impetus. It is interesting to note that with global interest rates so low the YEN isn’t necessarily that strong against other currencies – however with a local economy so dependant on exports, the relatively strong Yen continues to hurt the economy. The inverse can be said of the Sterling, which has been greatly oversold – on worsening economic data.
News in brief: Australia votes and accepts the previously rejected $27.3m stimulus plan. Europe set to confirm deep recession with GDP numbers today. US initial jobless claims falls short of consensus at -623K (vs. prev. -626K). Improvement in Retail sales shouldn’t be taken as a real sign of recovery – heavy discounts and a strong Christmas season are to blame. News is light today.
ACM Geneva
Switzerland has a long tradition of offering the finest banking and financial services in the world. It is among the top 10 financial centers that generate the most foreign exchange trading turnover.
Geneva is the private banking capital of the world and boasts some of the largest banking institutions and a multitude of financial companies and asset managers.
Our offices are located at no. 50 rue du Rhône in the very heart of Geneva's financial center.
Geneva is the private banking capital of the world and boasts some of the largest banking institutions and a multitude of financial companies and asset managers.
Our offices are located at no. 50 rue du Rhône in the very heart of Geneva's financial center.
Friday, February 6, 2009
GCI In the Press
GCI is recognized globally as one of the premier foreign exchange market makers and providers of industry research and analysis. GCI's analysis appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, G.E. Capital, UBS AG, Lazard Asset Management, and Goldman Sachs.
Regulation
GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.
Recommend by Top Industry Participants
GCI is recommended by top industry participants and has had its market analysis featured in leading publications, including the Financial Times. Click here for a partial list of company websites that recommend GCI Financial Ltd.
GCI's analysis also appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, HSBC Asset Management, and Goldman Sachs.
GCI's analysis also appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, HSBC Asset Management, and Goldman Sachs.
Overview of GCI Financial
GCI Financial Ltd ("GCI") is a regulated securities and commodities trading firm, specializing in online Foreign Exchange ("Forex") brokerage. 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.
Subscribe to:
Posts (Atom)
