On Monday, February 8th, 2017 the CFTC’s National Futures Association charged Forex Capital Markets LLC, Chief Executive Officer Dror Niv and Director William Adhout with “engaging in fraudulent activities with respect to its FXCM’s retail customers,” by telling them they used a “No Dealing Desk” order execution model, meaning orders would be executed directly in…
Credibility is a funny thing. It takes a long time to develop, but it’s lost fairly quickly. Credibility is a word that refers to the believability of a source or message. And there are two components of credibility: Trustworthiness and expertise. For example, in the world of journalism, professional integrity is the cornerstone of a…
On March 10, The Reserve Bank of New Zealand (RBNZ) surprisingly cut rates by a quarter of a percentage point to 2.25 per cent, and then, NZD/USD instantly fell nearly 2 percent. Interestingly, just two months earlier, Reserve Bank Governor Graeme Wheeler sounded as if there would be no upcoming rate cuts, and the markets…
On March 10, 2016, the European Central Bank (ECB) announced their current monetary policy decision. The financial markets heard that they were cutting interest rates in the eurozone, expanding its money printing program, and reducing a key deposit rate further into negative territory. The intention of all this was to revive the economy and fend…
In my last article, I revealed that various banks and government agencies are working behind the scenes to abolish the use of cash. In today’s article, I will further solidify my claim by showing you proof this is being discussed throughout the world at the highest levels of government and banking. Then, at the end…
Many responsible people believe in paying with cash instead of credit. They also may store their cash at home, in a bank, or in a safety deposit box. But unbeknownst to them (and perhaps many of you), various banks and governmental agencies have been working behind the scenes to abolish your use and storage of…
On Sunday the citizens of Greece will hold a historic vote that will forever change the fate of their place in Europe. I wont get into the details of what they are voting on. If you are reading this blog and are a trader you probably already know. I will go over a very simplified…
For three weeks, in July of 1944, there was a gathering of delegates from all of the Allied nations in Bretton Wood, New Hampshire to regulate the monetary and financial order after the conclusion of World War II. This “Bretton Woods Conference “ is where the US reconstructed the global monetary system with the dollar…
Lately, many industry experts have been commenting about a potential Fed rate hike later this year. And with this as a backdrop, a rally in the dollar looks as if it’s ready to resume. For example, notice what Vassili Serebriakov, a New York-based foreign-exchange strategist at BNP Paribas SA said: “I think the markets are…
[dropcap]T[/dropcap]he news is filled with articles about the Greek Debt Crisis. However, the real problem the world financial system currently faces is our monetary and banking systems require continuous economic growth, because of how the system itself is designed. When money is loaned into existence, there is an exponential increase of money and debt…