Japanese Forex Trading Preview - forex trading uk tax implications

Japanese Forex Trading Preview ~ forex trading uk tax implications

The dollar starts the week softer against the euro, sterling and Swiss franc, but firmer versus the yen. Traders are in store for a slower week in the way of US economic reports, with the following slated for release; May housing starts, building permits, weekly jobless claims, May leading indicators and May durable goods orders. Returning to the fore is uncertainty from Asia, with North Korea completing fuelling of missiles with a range to reach the US.

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Is the Bloodletting in the Forex Business Complete - free forex trading academy

Is the Bloodletting in the Forex Business Complete ~ free forex trading academy

As we start the new week, many of us are reeling in shock that our brokers could have sustained losses. Some of the largest firms have seen tremendous sums disappear as their clients sustained huge losses last week.



In future we will see some changes in the business as companies acquire other companies and little companies disappear forever.

There has been quite a bit of disclosure by many firms, and there will be regulatory audits very soon and some of the brokers will do their best to cover their losses and not disclose until they are bankrupt. Such is the nature of the trading business, traders are not always good managers.

Here is a small list that I have compiled from searching different publications. These firms have disclosed that they have suffered losses and I have to point out that not all are in trouble, most of the firms on this list are well capitalized and are solid.

• FXCM
• Interactive Brokers
• IG Markets
• ACM Gold
• Oanda
• MB Trading
• CMC Markets
• FxPro
• Swissquote
• IC Markets
• Alpari UK

Some of these have suspended trading in CHF

The Financial Conduct Authority has given its members until Tuesday to report any difficulties.

There will be more firms added to this list, no doubt, as weeks pass. The carnage has doubtlessly been buried by some firms for as long as possible.

It appears that FXCM has funding and will be absorbing Alpari UK.

(Information in this post from Forex Magnates)
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Chinese Stocks Are Getting Obliterated Business Insider - forex online trading academy

Chinese Stocks Are Getting Obliterated Business Insider ~ forex online trading academy

Based on actions in Forex and now stocks, it may be time to review your trading strategies.


This is the article heading used by Business Insider today to describe the action on the Shanghai Stock Exchange today.

Here is the chart they published showing the carnage.

According to the South China Morning Post, three major brokerages were banned from opening new margin lending accounts for three months, causing the slump. The brokers would usually offer people opening accounts a multiple of their money to invest with (at a hefty interest rate), but they wont be allowed to now.
Heres more from the SCMP:

"There had been a guessing game on the level of tolerance by the regulator on margin trading," said Pan Hongwen, an analyst at UBS. "The regulator obviously wants to see the index rise at an orderly pace.

"Therefore, it would take a harsh stance on margin trading to prevent a hefty increase of the market."

******

Whether this shakeout will be contagious is difficult to establish at this time.

So far, direction for the Shanghai Composite seems to be north as shown by this Point & Figure Chart.  One proviso, the chart uses data to the close January 16.

I have gathered a number of articles that may interest you, some will be similar in content as news sources are limited.

Chinese Stocks Are Getting Crushed - Business Insider

 Mon, 19 Jan 2015 03:24:05 GMT
Moneycontrol.comChinese Stocks Are Getting CrushedBusiness InsiderStocks in Shanghai are tanking soon after the open with the composite down 5.31%, 179.44 points at 3,197.06. Market chatter is that this is a result of the Chinese regulator barring 3 ...

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Crude Oil Drops on Iraq Output While Swiss Stocks Advance - Bloomberg

 Mon, 19 Jan 2015 15:44:44 GMT
BloombergCrude Oil Drops on Iraq Output While Swiss Stocks AdvanceBloombergThe Shanghai Composite Index fell 7.7 percent and Chinas credit risk rose to a 10-month high. Japans 10-year bond yield dropped to a record. The franc fell against the euro ...

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Markets come off days high; Shanghai Composite drops 8% - Business Standard

 Mon, 19 Jan 2015 07:31:16 GMT
Financial ExpressMarkets come off days high; Shanghai Composite drops 8%Business StandardBenchmark indices have come off days high but are trading firm in the noon trades on the back of strong quarterly numbers posted the companies with Wipro and R ...

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CS1300 Index – 7.7% at 3355.16 - ForexLive (blog)

 Mon, 19 Jan 2015 07:23:05 GMT
CS1300 Index – 7.7% at 3355.16ForexLive (blog)Mike Paterson has more than 30 years of experience trading FX including key market-making roles as a senior spot trader with UBS and Credit Suisse. He was also head of FX at the State Bank of Victoria in ...

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Shanghai Composite sinks as financial, property stocks slip - Moneycontrol.com

Mon, 19 Jan 2015 02:27:30 GMT
Moneycontrol.comShanghai Composite sinks as financial, property stocks slipMoneycontrol.comShanghai Composite sinks as financial, property stocks slip. Japans benchmark index pared gains after breaching the 17,000 level earlier in the session. Still ...

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Chinese Stocks Are Getting Obliterated - Business Insider

 Mon, 19 Jan 2015 13:19:14 GMT
Chinese Stocks Are Getting ObliteratedBusiness InsiderShanghais composite index of the biggest stocks in China just had its worst day since the middle of 2008, when the financial crisis was still getting into full swing. The index, which was a world ...

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China stocks suffers most since 2009 on margin trading, Shanghai Composite ... - Customs Today Newspaper

 Mon, 19 Jan 2015 05:46:55 GMT
Customs Today NewspaperChina stocks suffers most since 2009 on margin trading, Shanghai Composite ...Customs Today NewspaperThe Shanghai Composite Index (SHCOMP) sank 6.3 percent to 3,163.72 at 11:30 a.m. local time, poised for the steepest drop sinc ...

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Chinese Stocks Plunge Most in Six Years on Lending Curbs - Bloomberg

 Mon, 19 Jan 2015 01:49:14 GMT
BloombergChinese Stocks Plunge Most in Six Years on Lending CurbsBloombergChinese equities plunged the most in six years, led by brokerages, after regulatory efforts to rein in record margin lending sparked concern that speculative traders will pull ...

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