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Author: Adam Button

CFTC approves stricter rules on US brokers

The roster of forex brokers for US traders is ever-dwindling and the latest regulations will make it even more difficult for a retail trader to find somewhere to find a bid and ask.

The rule amendments and interpretive notice enhance protections afforded to retail customers of NFA Forex Dealer Members (FDMs) by, among other things:

  1. Imposing additional capital requirements on FDMs;
  2. Requiring FDMs to collect security deposits for off-exchange foreign currency transactions from eligible contract participant counterparties in addition to retail counterparties;
  3. Requiring FDMs to adopt and implement rigorous risk management programs; and
  4. Requiring FDMs to provide additional market disclosures and firm-specific information on their websites to permit current and potential counterparties to better assess the risks of engaging in off-exchange foreign currency transactions and with conducting business with a particular FDM.

They call it 'enhancing protections' but it's part of a longer term campaign to clear out all the upstart forex brokers and replace them with the old guard.

By the way, seen FXCM's stock price lately? Not looking so good.

And all that was after the fall from $17 following the SNB.

If you're looking for a forex broker, help Forexlive by checking out our broker listing or signing up for any of the advertisers on our site.

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Author: Adam Button

Oil climbs most since 2009

October WTI contract up almost 10% - -the most since 2009 Massive rally in oil today as shorts get obliterated. The front month contract closed up $3.96, or 10.26%, to $42.53.

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Author: Adam Button
2

JPMorgan quant watcher warns of selling in the coming days

Interesting note from JPMorgan: on highlights of a research note from JPMorgan quant Marko Kolanovic. Zerohedge is reporting In the just released note, the head JPM quant warns that a large pool of assets controlled by price-insensitive managers including derivatives hedgers, Trend Following strategies (CTAs), Risk Parity portfolios and Volatility Managed strategies, which is programmatically trading equities regardless of underlying fundamentals, is about to start selling equities, "and will negatively affect market in coming days and weeks." For good measure, he casually tosses the word "crash" in the note as well. He also warns about high volatility continuing around the end of the trading day over the coming days and weeks.

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Author: Adam Button

The world's best performing stock market in USD terms this year may surprise you

For all the talk about Japan's struggling economy, the Nikkei is on top Very few global equity markets are in positive territory this year in domestic currency terms and even fewer factoring the advance of the US dollar. But Japan is the exception as the market anticipates better days ahead.

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Author: Adam Button

Free ForexLive webinar taking place now

Greg Michalowski offers the tools to guide you through any market We're hosting a free webinar right now. . You can sign up and get instant access here If you prefer to attend later, Greg will be hosting the webinar again in 5 hours at 7 pm ET.

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Author: Adam Button

Speaking schedule for Jackson Hole 2015

The highlights of the schedule for the 2015 Jackson Hole Fed symposium The full event schedule won't be released until 8 pm ET today but we now know the highlights:

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Author: Adam Button

Exactly what the Fed's Dudley said on Wednesday

I always like to refer to the verbatim quotes The next events to watch are Jackson Hole speeches this weekend. "From my perspective, at this moment, the decision to begin the normalization process at the September FOMC meeting seems less compelling to me than it was a few weeks ago.

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Author: Adam Button

S&P 500 retraces 50% of the rout

Stock market recovers half the decline The S&P 500 touched a fresh session high at 1985.41, which is fractionally above the 50% retracement of the decline that started on August 18.

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Author: Ryan Littlestone

And on we go to 121.40

The bulls are back The break through 120.70/75 has apparently woken up the bulls who have started adding additional longs. That's going to make the level even stronger as support, even though it's speedily becoming a blip in the rear view mirror

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Author: Ryan Littlestone

Well that didn't take long as USDJPY flushes 121.00

Onwards and upwards for the buck and risk 121.16 the high now and even that looks threatened. Oil continues to gain with WTI having touched 42.28 in the last few minutes, up nearly 4 bucks on the day

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Author: Ryan Littlestone
2

USDJPY makes the break

Recovery continues late in the European day Stocks are holding their gains, oil continues to rise and the dollar is in step with them both 120.70 has now gone good and proper. Watch for support to come in at the level now

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Author: Ryan Littlestone

Another decent bounce for European stocks

European stock market close 27 August 2015 - FTSE +3.7% - Cac +3.6% - Dax +3.4% - Ibex +3.0% - FTSE Mib +3.4% European bonds - Italy 1.93% -5bp - Spain 2.06% -5bp

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Author: Ryan Littlestone
3

Dollar mounts another attack and the pound suffers

GBPUSD cracks 1.5400 while EURUSD heads closer to 1.1200 It's looking woeful for the currency of my fair land, against the dollar at least, and we're getting down to some fairly important levels in the 1.53's

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Author: Greg Michalowski
1

EURUSD moves back lower...Fixing and stocks to blame, but bounces.

Month end may be an influence at fixing time The EURUSD is moving back lower and trades at new session lows. The 4 pm London fixing may play a part. There is some speculation that since it is a UK holiday on Monday, the month end fixing might be in play early. It seems that might be in the direction of dollar buying (EURUSD selling). Indeed at 11 AM the low levels was printed. 

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Author: Ryan Littlestone

August 2015 Kansas City Fed manufacturing index -16 vs -5 prior

Details of the August 2015 Kansas City Fed manufacturing index data report 27 August 2015 - Composite -9 vs -7 prior - New orders -9 vs -6 prior - Employment -10 vs -19 prior Those that took part in the survey said that weak oil and gas activity and the strong dollar continued to weigh on activity in the region

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Author: Adam Button
1

This may have (finally) been the last-gasp of the Treasury rally

China likely to sell $40 billion in bonds per month through year end The story that's being passed around today is China cutting its holdings of US Treasuries. That's nothing new as we already know that foreign exchange reserves were down $315 billion in the past year.

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Author: Ryan Littlestone

Old lows play hard to get as oil bounces

Brent crude knocking against the broken Jan lows As everything is alright in the world now oil is joining in with the cheer and staging a bounce We've been up to 45.20 odd in futures and have found the broken Jan low holding resistance

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Author: Greg Michalowski
1

USDJPY dips after pending homes sales data

Pair stays below 200 day MA The USDJPY is moving lower after pending home sales came in weaker on the month at 0.5% vs 1.0% expectations. The prior month was revised to -1.7% from -1.8%.

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