UFXBank is a relatively new Forex broker based in the UK and in Cyprus. They have recently acquired multiple brokers, names are withheld, and thus were able to emerge as a new face on the retail Forex scene. When first encountering UFXBank, you will notice that their website is clear and easy to navigate, which is an indication of the kind of broker they are in general.
Monthly Archives: November 2009
Global Equity Markets All Mixed Up
Global Equity Markets were mixed across the board yesterday. In the U.S, the DJIA recovered most of its losses after losing nearly 100 points following the poorer than expect housing data numbers.
Japanese Yen Nears 5-week Peak on Potential Changes to Capital Requirements
The Japanese Yen traded close to a 5-week peak versus the U.S. Dollar on speculation that there is growing pressure on Japan’s banks to raise capital. As reported at 6:51 a.m. (GMT) in London, the Yen was trading at 89.15 Yen against the U.S. currency, off of yesterday’s peak of 88.74 Yen in New York.
U.S. Dollar edges up Off of 15-month Low, but Downtrend Continues
The slide of the U.S. Dollar continues the 15-month downtrend in Sydney trading today, reinforced by the Federal Reserve stance to maintain the status quo. On Monday, the Chairman of the U.S.
FXCM
FXCM is a large and strong company, with a large world-wide user base, high liquidity and large financial assets. This enables them to offer attractive rates, innovative tools and features, and high standards of customer support. These all make FXCM a safe choice of a FOREX trading platform.