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Trials Open For 9 Over China Tainted Milk Scandal

2008-12-29T14:15:00.000-08:00

9 defendants go on trial in China over tainted milk scandal amid moves to compensate victims

Nine people went on trial Monday in connection with China's tainted milk scandal, state media reported, following the announcement of steps to compensate the families of hundreds of thousands of children harmed by contaminated infant formula.
The tainted formula gave babies painful kidney stones and news of the problem sent parents around the country rushing their babies to emergency rooms for tests to see if they were affected. Chinese dairy exports such as chocolate and yogurt were also found to be tainted, triggering a slew of product recalls elsewhere in Asia and in Europe, Africa and Latin America.

At least four of the suspects on trial Monday could be given the death penalty.
Hearings were held in the northern city of Shijiazhuang, where the company at the heart of the scandal -- Sanlu Group Co. -- is headquartered, along with three other cities in surrounding Hebei province, according to state broadcaster CCTV and the Xinhua News Agency.

The first trials in the case began for six men on Friday.
All 15 on trial have been charged with producing and selling melamine. The industrial chemical was added to raw milk because -- like protein -- it is high in nitrogen and can make protein levels appear higher.
Sanlu's chairwoman and general manager, Tian Wenhua, is scheduled to go before a Shijiazhuang court Wednesday.
At least six babies died and 294,000 other children suffered kidney and urinary problems from drinking the baby formula made from the contaminated milk.

The four suspects in the Shijiazhuang trial are accused of endangering public safety and could face sentences ranging from 10 years in prison to the death penalty. It identified them as Gao Junjie, his wife Xiao Yu, Xue Jianzhong, and Zhang Yanjun.
The four are accused of having produced 200 tons of a mixture of melamine and malt dextrin, a food additive made from starch, that they marketed to milk producers, according to the reports.
Between November 2007 and August 2008, they sold 110 tons to milk producers -- including Sanlu -- for a total of 1.23 million yuan ($180,000), the reports said.
Although melamine, a common industrial chemical used to make plastics and fertilizer, is legal to produce and sell in China, CCTV said the court believed the men's actions had "greatly harmed the health and safety of the consumers, especially infants, therefore violating the criminal law of China."

It was unclear if CCTV was quoting the court. Calls to the Intermediate People's Court went unanswered.
Xinhua said the other five are charged with producing and selling poisonous food, but did not give their names or other details.
The trials come amid moves by authorities to end a national disgrace that highlighted widespread problems with food safety and corporate and governmental malfeasance.
On Saturday, China's Dairy Industry Association said 22 dairy producers would make a one-time cash payment to families of victims and establish a fund to cover medical bills for future health problems.

Lawyers -- who are seeking to bring a lawsuit against the companies involved -- say they understand most children who suffered kidney stones from the tainted milk would get 2,000 yuan ($290), while sicker children would be paid 30,000 yuan ($4,380).
Chinese courts have rejected all claims filed by the victims' families, including a lawsuit filed this month by lawyers representing 63 defendants that sought nearly 14 million yuan ($2 million) in compensation from Sanlu.
The state-owned company has been declared bankrupt according to New Zealand's Fonterra Group, which owns a 43 percent stake in Sanlu.

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British Pound Outlook Remains Bearish as Growth Forecasts Weaken Further

2008-12-28T17:15:00.000-08:00

Fundamental Outlook for British Pound: Bearish

- 3Q GDP Revised to -0.6% from -0.5%
- British Pound Tests Record Low Against Euro

The British Pound continued its move towards parity against the Euro and slid lower against the U.S. Dollar ahead of the New Year, which suggests that investors remain bearish against the currency as market participants widely expect the Bank of England to lower borrowing costs even further in January. Nevertheless, financial uncertainties paired with the ongoing downturn in the housing sector is likely to stoke increased selling pressures for the currency over the near-term as the economic calendar continues to reflect a dour outlook for growth.

The lowest interest rate since 1951 highlights the extraordinary efforts taken on by the central bank, and market participants anticipate policymakers to ease policy further as they do everything possible within their authority to mitigate the downturn in the economy. A Bloomberg News survey shows that 27 of the 38 economists polled anticipate BoE Governor Mervyn King and Co. to lower the benchmark interest rate by 50bp to 1.50% at the January 8th policy meeting. Meanwhile, weakening fundamentals have certainly dragged on the British Pound throughout the second half of the year, and the event risks scheduled for the following week could weigh on the currency as growth prospects deteriorate at a rapid pace. The BoE’s housing equity withdrawals index is projected to fall to -3.3B from -2.8B in the second quarter as a result of tumbling home prices paired with tightening lending practices, while consumer credit is expected to decline to 0.6B from 0.8B in October. As credit conditions remain far from normal, private sector spending, which is one of the biggest drivers of growth, is likely to remain subdued throughout the coming months, and would only heighten the downside risks for growth going forward.

From a technical standpoint, the British Pound is expected to remain range-bound in the week ahead, and should hold major trends against its currency counterparts over the near-term. Accordingly, as investors round-trip their open positions for the year, thin markets are unlikely to impel a drastic shift in trader sentiment, and the Sterling is likely to face headwinds ahead of the event risks scheduled for the coming week.

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Forex Scalping - The Myths

2008-12-24T17:42:00.000-08:00

By and large, scalping as a trading method is widely misunderstood. Here are some common opinions on what scalping is:

1. Forex scalpers are usually seen as traders who sit in front of the screen all day, executing trade after trade while trying to play the "spread game" - attempting to profit from the difference between the broker spread and the amount of pips they make per trade.

2. Because the relative small time frame in which scalpers operate, forex scalping strategies are often seen as risky.

3. Finally, scalping is seen as a separate trading system and different from the other trading systems.

These are in most part large misconceptions and illustrate a general lack of understanding by the mainstream trading community about scalping as a trading technique and what it actually offers.

So what is scalping then?

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Euro Zone Current Account Deficit to Threaten Currency

2008-12-23T12:30:00.000-08:00

Euro Zone Current Account Deficit to Threaten Currency in Coming Months (Euro Open)

The Euro Zone Current Account report headlines the economic calendar in the coming session, with all signs pointing to a sixth consecutive monthly decline in annualized trading terms. Economists forecast that 2008 will mark the first year in seven that the Euro Zone will see a trade deficit, putting downward pressure on the value of the region’s currency.

Key Overnight Developments

• New Zealand Recession Deepens as Economy Shrinks Again in Q3

• Euro, British Pound See Muted Price Action Ahead of Holiday

Critical Levels

The Euro inched higher in thin, pre-holiday trading, reclaiming a bit of the ground lost in New York hours to test above the 1.40 level. The British Pound was confined to a well-defined 40-pip range below 1.4850.

Asia Session Highlights

New Zealand’s Gross Domestic Product data showed that economy shrank for the third consecutive quarter in the three months to September, dropping -0.4% to bring the annualized growth rate into negative territory for the first time in 10 years (-0.1%). The current downturn is clearly deepening: The jobless rate has soared to the highest in 5 years and retail sales activity has fallen to the lowest since 1998. Still, RBNZ Governor Alan Bollard has said that he sees the economy resuming growth in the second half of 2009 and backed off explicit promises of further rate cuts. The new government of Prime Minister John Key is not so optimistic, saying last week that expansion may not resume until 2010. Key had pledged to cut taxes by NZ$4.4 billion ahead of November’s election. Traders are pricing a 50-75 basis point cut when the RBNZ announces policy in January.

Euro Session: What to Expect

The Euro Zone Current Account may see a bit of improvement in October: the trade balance portion of the report released last week swung back into positive territory in the same period after three consecutive monthly deficits. Importantly, the improvement in the headline figure was driven by a -4.6% drop in imports rather than vibrant overseas shipments. Indeed, exports fell -2.5%. The month-to-month volatility in trade figures makes looking an annualized numbers much more telling: despite the monthly improvement, trading terms deteriorated a hefty -78% in October from a year before. In fact, this marked the sixth consecutive month that the currency bloc’s trade position has registered large, double-digit drops from the same time in 2007. Indeed, economists forecast that 2008 will mark the first year in seven that the Euro Zone will see a trade deficit. Expectations extend to call for another deficit in 2009. This implies long-term downward pressure on the exchange rate: the deficit causes a net outflow of Euros which invariably floods the market with currency and drives down its value.

The UK Current Account is expected to show a quarterly deficit of -11.9 billion pounds in the three months through September, a 25% improvement from a year before. The 12-month rolling change in UK trading terms has shown improvement since the beginning of last year. The change reflects the a weakening British Pound: the sterling lost an average of 7.28% and 25.8% in 2007 and thus far in 2008, respectively. The final revision of the third-quarter Gross Domestic Product reading is expected to confirm the economy shrank -0.5% in the three months to September. Economists expect the economy to contract by 1.0% in the fourth quarter to confirm the UK is in recession.

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A look at Economic Developments Around The World

2008-12-22T14:20:00.000-08:00

A look at economic developments, activity in stock markets around the world Monday

A look at economic developments and stock-market activity around the world Monday:

TOKYO -- Toyota Motor Corp. slashed its earnings forecast, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. Toyota forecast an operating loss of 150 billion yen ($1.66 billion) for the fiscal year ending March 2009. Meanwhile, the Ministry of Finance said Japanese exports plunged a record 26.7 percent in November, highlighting the drop in global consumer demand for Japanese products. Economists warned that exports such as Toyota's cars -- a mainstay of the world's second-largest economy -- would tumble further with no recovery in sight for the global economy. Even exports to the rest of Asia are falling sharply. Despite the bad news, Tokyo bucked the downward trend in Asia, Its Nikkei 225 stock average rose 135.26 points, or 1.6 percent, to 8,723.78.

LONDON -- Two rate-setting members of the Bank of England indicated they favor deeper rate cuts to help the economy through the looming recession, causing a further fall in the value of the pound. The Bank of England's deputy head, John Gieve, who also sits on the bank's rate-setting committee, said the bank had been surprised by the severity of the financial crisis. The FTSE 100 index of leading British shares closed down 37.77 points, or 0.9 percent, at 4,249.16.

BERLIN -- German consumers' economic expectations for January stabilized at very low levels -- despite the economy falling into recession -- as slower inflation offset growing fears of unemployment, a survey showed Monday. The GfK research group said its forward-looking consumer climate index for January stood at 2.1 points -- flat against a revised 2.1 points in December. The part of the index measuring Germans' income expectations, however, dropped markedly after four consecutive increases -- down 8.5 points to minus 15.4. The DAX index ended down 57.68 points, or 1.2 percent, at 4,639.02.

BRUSSELS, Belgium -- The EU statistics agency, Eurostat, said that industrial orders data for the euro-zone plunged by a monthly 4.7 percent in October for a 15.1 percent year-on-year decline. Most countries posted declines, including industrial heavyweights Germany and France.

DUBLIN, Ireland -- Ireland's finance minister revealed plans for a euro5.5 billion ($7.7 billion) bailout of three leading banks -- made necessary by what he called reckless property lending during Ireland's long Celtic Tiger boom. Brian Lenihan said all three banks -- Allied Irish, Bank of Ireland and Anglo-Irish -- needed to boost their cash reserves to counter international doubts about their ability to withstand Ireland's deepening recession. Anglo-Irish Bank Corp., a specialist lender heavily exposed to the collapse of Ireland's property and construction markets, would fall under government control. Traders on the Irish Stock Exchange embraced state support for Ireland's dominant two banks, but kept questioning whether Anglo-Irish could survive.

BEIJING -- China cut interest rates for the fifth time in four months in a new effort to revive economic growth amid government anxiety about spreading job losses and worker protests. The benchmark one-year lending rate will fall by 0.27 percentage point to 2.25 percent, effective Tuesday, the central bank said. That came just four weeks after China's biggest rate cut in 11 years and left the benchmark rate at its lowest level since February 2004. Beijing is trying to prod consumers and businesses to spend in an effort to support a massive government stimulus package intended to rev up domestic economic activity and shield China from a global downturn. Manufacturing, investment and other key drivers of the economy are still weakening despite earlier rate cuts. The benchmark Shanghai Composite Index fell 1.5 percent, or 30.71 points, to 1,987.76. The blue-chip Hang Seng Index lost 505.12 points, or 3.3 percent, to finish at 14,622.39, its lowest close in more than two weeks. Since hitting its November lows, the benchmark had bounced back more than 20 percent as of Friday.

PARIS -- Michelin SCA's recent production cuts, made to adjust to sharply falling demand amid the global economic crisis, will cost euro150 million ($209 million) in the fourth quarter, the French tire maker said. Demand for tires in Europe, North America, Asia and South America fell in November as car makers slashed production in the face of a steep drop in sales. The CAC-40 fell 74.54 points, or 2.3 percent, to 3,151.36.

SEOUL, South Korea -- South Korea plans to slash 13 percent of jobs at public corporations over the next three to four years to improve efficiency and cut costs, the government. A total of 19,000 positions at South Korea's 69 public corporations will be cut over three to four years. Meanwhile, Hyundai Motor Co. and Kia Motors Corp., which dominate the South Korean car industry, cut their joint 2008 sales forecast by 12.5 percent and said they would freeze pay for managers amid slumping vehicle demand. Separately, Ssangyong Motor Co., South Korea's smallest automaker, said it may not be able to meet its December payroll on time. South Korea's Kospi dipped 0.1 percent. Singapore, Australia and mainland China benchmarks were each down over 1.5 percent.

MOSCOW -- The ruble dropped further as the Central Bank again eased its support of the Russian currency, under constant pressure from plunging oil prices and economic woes. The ruble lost 1.6 percent on the main foreign currency exchange and closed at 33.5 rubles against the bank's euro-dollar basket at the MICEX. The depreciation was the third in just four days, and the ninth since Nov. 11 when the Central Bank began backing off support of the ailing ruble. The Kremlin is anxious to avoid a repeat of the 1998 financial crisis when Russians rushed to withdraw their savings as the ruble plummeted. It has stuck to the line that it will not allow any dramatic falls in the ruble. Many economists, however, have called for a one-off full devaluation to stop the sharp drain on the country's hard currency reserves and capital outflow.

RIO DE JANEIRO, Brazil -- Brazil's Central Bank said economic growth this year should be faster than expected -- adjusting its estimate of GDP growth to 5.6 percent from 5 percent. Growth for next year is forecast at 3.2 percent. The central bank also said Monday that inflation should reach 6.2 percent this year, but only 4.7 in 2009, due partly to recently increased interest raises. The Ibovespa index was down 3.5 percent to 37,774 in midday trading.

RIYADH, Saudi Arabia -- Saudi Arabia is projected to record a budget deficit of 65 billion riyals ($17.3 billion) in fiscal 2009, its first in over five years, as the Arab economic powerhouse ratchets up efforts to support domestic growth in the face of plummeting oil prices and a global economic meltdown. In a new budget, the Ministry of Finance said government expenditures were budgeted at 475 billion riyals for fiscal 2009, and total revenues were estimated at 410 billion riyals. That contrasted sharply with fiscal 2008 projections, with the ministry forecasting 1.1 trillion riyals in revenue for that year and expenditures hitting 510 billion riyals. The country was expected to record a surplus of 590 billion riyals this year, it said.

KIEV, Ukraine -- Thousands of car drivers in the Ukrainian capital angrily blew their horns for several minutes, protesting what they call incompetent and corrupt government policies that led to a devastating financial crisis. The Ukrainian currency has lost some 40 percent of its value since September as a fall in the export of steel, the heart of the economy, led to a shortage of foreign currency. That was coupled with a loss of confidence in the hryvna and the banking system. Monday's protests, branded "Enough" and organized mainly through the Internet, were a sign of growing anger and opposition to the government which experts say could boil over into mass protests in the coming months.

BOGOTA, Colombia -- Colombia's national statistics agency says the pace of growth is slowing, with third quarter GDP growth counted at 3.1 percent above the same period a year earlier. The report shows a mere 0.7 percent rise in gross domestic product between the second and third quarters of the year. Quarterly year to year growth rates have slipped from a torrid 8.5 percent in the first quarter of 2007. The rate was down to 4.5 in the first quarter of 2008 and to 3.8 percent in the second quarter. The government says it expects overall growth of 4 percent this year, down from 8 percent in 2007.

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Big Winners of The Past Were Losers in 2008

2008-12-21T18:45:00.000-08:00

Reversal of fortune: Big winners of past years were bigger losers in 2008

As 2008 ends, you may feel like the year's biggest loser is you.
If you have a job, it probably feels shaky. If you have a 401(k), you can't bear to open the statements. If you bought a house in the last five years, you feel like a sucker (unless you were the winning bidder at a foreclosure auction).
It's cold comfort to know that the financial crash upended everyone -- calloused Maine lobstermen, french-manicured San Diego real estate brokers, Rolex-wearing Greenwich hedge fund managers.
High diesel prices as the year began ran independent truckers off the road. Soaring summer commodity costs choked businesses from bakeries to airlines. Frozen credit markets left small business owners dialing their moms for loans.

Many of the biggest winners of the past lost their shirts in 2008.
The kings of Wall Street watched as their banks either disappeared through mergers or bankruptcy or received injections of tax dollars to stay alive. The congressmen who once hung on Alan Greenspan's every indecipherable utterance turned hostile, as the once-revered oracle was reassessed, and found to be an oaf. Investors who had trusted Bernard Madoff with $50 billion saw the money manager who had given them steady returns for decades admit it was all a Ponzi scheme.
The financial hurricane made the winners stand out even more.

Hedge fund manager John Paulson made billions by betting against the housing boom. Economist Nouriel Roubini and money manager Peter Schiff, who'd been laughed off as economic Cassandras, were proven right as their dire predictions came true, again and again. Despite conventional wisdom that the labor movement is near death, Boeing Co.'s machinists union flexed its muscle during an eight-week strike.
Some winners and losers don't bear explanation -- renters win, owners lose; retirees with old-fashioned pensions win -- for the time being -- while those with 401(k) plans lose. Florida, California and Nevada lose on home price depreciation, Michigan and Ohio lose on jobs, and nearly every state seems likely to lose tax revenue.

The year's many losers and scant winners are below, listed by group:

LOSERS: Gamblers

Rich men who made big bets used to be lionized. Not this year.
One billionaire beset by debt was Sumner Redstone, who held a fire sale, selling $233 million of his CBS Corp. and Viacom Inc. stock as he struggled to restructure $1.6 billion in debt. He also sold his majority stake in Midway Games Inc., which makes "Mortal Kombat" video games, for $100,000 -- less than one-one-hundredth of a penny per share.
Sheldon Adelson, billionaire majority owner of the Las Vegas Sands Corp., also got himself in trouble with debt. The company's expansion into overheated Macau failed to pay off and gambling revenue dropped in the recession, forcing he and his wife to come up with $475 million of their own money to pay down some of the company's $9.21 billion in long-term debt. Shareholders are still waiting for a rescue: The company's shares have lost about 95 percent of their value this year.
Some bets were personal. Aubrey McClendon, CEO of Chesapeake Energy Corp. was forced in October to sell almost 95 percent of his holdings -- representing more than a 5 percent stake in the natural gas giant -- to meet a personal margin call. His fire sale of more than $570 million worth of stock pressed share prices lower.

LOSERS: Private equity kings

Private equity champ Edward Lampert looked smart when he bought Kmart out of bankruptcy, then began selling off its real estate. Wall Street anticipated another success when he scooped up Sears. It hasn't turned out that way. While Lampert is great at selling off a company's pieces, he's less great at the fundamentals of retail: selling more lawnmowers, bath towels and sweaters. Sears Holdings Corp. lost $146 million in the most recent quarter, the stock is down about 60 percent for the year and the company is still searching for a chief executive, nearly a year after its last CEO resigned.
Likewise, real estate mogul Sam Zell burdened Tribune Co. with $13 billion in debt when he bought the company last year, leading it to file for bankruptcy in December. While he blamed the economy, employees and observers blamed him.
"We knew he was going to take this business under," said Philip Gregory, a lawyer for a Los Angeles Times auto critic and five former newsroom employees who sued Tribune in September over Zell's takeover. "Of course he's blaming the market, but it's really the $13 billion in debt that he brought into the business."

LOSERS: Pollyannas

Jerry Yang, Yahoo Inc.'s chief executive, kept waiting for Microsoft Corp. to offer a better price than $47.5 billion for Yahoo. It never happened. Instead, Yahoo's stock sagged near five-year lows, making his refusal look less like an effort to get the best price for shareholders and more like excessive optimism. Yang said in November that he'd step down and Yahoo, in December, overhauled its severance plan in a move that would save a buyer somewhere between $462 million and $2.1 billion.
Former Texas Sen. Phil Gramm, also a vice chairman of Swiss Bank UBS, made headlines -- and enemies -- in July, when he said the U.S. was in "a mental recession."
"We may have a recession; we haven't had one yet," said Gramm, who was, at the time, an economic adviser to presidential candidate John McCain. "We have sort of become a nation of whiners."

LOSERS: U.S. automakers

The CEOs of the Detroit Three went to Washington to beg for billions in bailout money. But it wasn't on their hands and knees.
As new car sales cratered, the group flew private jets to D.C. in November to ask for billions in bailout money. Worse, they came without a plan.
After they drove to Washington for a repeat visit, the Senate quashed a bailout, but the Bush administration approved a $17.4 billion rescue loan.
"Allowing the auto companies to collapse is not a responsible course of action," Bush said.

WINNERS: Cassandras

As markets plummeted, the dourest economic observers gained respect.
Nouriel Roubini, a New York University economics professor, said in 2006 that the worst recession in four decades was on its way. He predicted that mortgage defaults would spread, investment banks would no longer exist in their current form and Fannie Mae and Freddie Mac would tumble.
Peter Schiff, president of Euro Pacific Capital, has been saying for years that the economy was built on too much consumption and not enough saving. "The disease is all this debt-financed consumption," he said on a 2006 CNBC appearance. "The cure is that we stop consuming and start saving and producing again. That's a recession. Sometimes, medicine tastes bad, but you gotta swallow it."

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US Dollar Forecast to Recover Against Euro, British Pound

2008-12-18T16:24:00.000-08:00

EURUSD – Euro Forecast to Turn Against US Dollar on Shift in Forex Sentiment

USDJPY – US Dollar May Lose Further Against the Japanese Yen

USDCHF – Forex Sentiment Accurately Forecasts Massive Swiss Franc Rally

GBPUSD – British Pound Outlook Bearish Against Downtrodden US Dollar

USDCAD – Canadian Dollar Forecast Unclear Against US Dollar

Forex Positioning in the Euro/US Dollar

EURUSD – Forecasts for the Euro/US Dollar currency pair have now shifted to the downside, as a flip in retail forex positioning signals that the recent Euro/US Dollar uptrend may reverse. Last week we cited extremely net-short “crowd” positioning as a clear sign that the Euro would rally, but the forex crowd has now capitulated and the majority of traders are now long the EUR/USD. Indeed, the SSI ratio currently stands at 1.18 as nearly 54 percent of traders are long the pair. Yesterday only 40 percent of traders were long, and these reversals most often occur at turns in price.

Forex Positioning in the US Dollar/Japanese Yen

USDJPY – The forex trading crowd continues to buy into US Dollar/Japanese Yen declines, and such stubbornness suggests that the pair may yet fall further. That said, positioning has become far less extreme through recent trading. The ratio of long to short positions in the USDJPY stands at 1.31 as nearly 57% of traders are long. This stands in contrast with a ratio of 2.11 at this point last week, and the slow capitulation from the forex trading crowd tells us that we are zeroing in on a bottom. Through the very short term we may expect the US Dollar to continue falling against the Japanese Yen, but a stronger shift in sentiment would signal that a turn is likely.

Forex Positioning in the British Pound/US Dollar

GBPUSD –Forex positioning in the British Pound/US Dollar pair has been inconsistent through recent trading, but a recent increase in GBP/USD-long positions supports the case for near-term British Pound weakness against the US Dollar. Indeed, the ratio of long to short positions in the GBP/USD currently stands at 1.48, as nearly 60 percent of traders are currently long. Given that our Speculative Sentiment Index is most often contrarian in nature, the forex crowd’s long bias gives us reason to look for a downturn in the GBP/USD through the foreseeable future.

Forex Positioning in the US Dollar/Swiss Franc

USDCHF – Recent US Dollar/Swiss Franc price action is a testament to the effectiveness of Speculative Sentiment Index-based currency forecasts. Forex trading crowds had remained heavily net-short the USD/CHF since July, and the pair went on to mount an impressive multi-month rally. Most recently, that same crowd capitulated and actually went net-long the USD/CHF near the 1.2000 mark. The US Dollar subsequently went on to post its biggest monthly loss against the Swiss Franc in history—incredible by any standards. Looking to very short-term trading, the crowd is currently net-short the pair, with short positions outnumbering longs by 1.08 to 1. Such a flip gives us reason to look for a reversal, but a sharp drop in open interest gives us little conviction in our forecast.

Forex Positioning in the US Dollar/Canadian Dollar

USDCAD – The ratio of long to short positions in the USDCAD stands at 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at -1.05 as 51% of open positions were short. In detail, long positions are 1.7% higher than yesterday and 50.6% weaker since last week. Short positions are 8.9% lower than yesterday and 11.1% stronger since last week. Open interest is 3.7% weaker than yesterday and 56.7% below its monthly average.

[ForexGen.com] is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

USD/JPY HINTS

2008-12-17T19:58:00.000-08:00

One of the silly rules of thumb in USD/JPY trading is it rarely moves 700-800 pips in a row without 200 pips or more correction in the middle and it almost always retraces back to 350 pips advance point from the start of its 700-800 pips move. All because of liquidity problem in Yen market.
The real battle of bulls and bears for medium-term trend is always around 20 day MA line in Yen market. Daily option activities here and there are of no relevance as far as medium-term trend is concerned.

Yen position traders sit on their positions gunning for several hundred pips at one go. For day trades, much more nimble approach is required. As Yen position trader, please never buy anything below falling daily 20 MA and never sell anything above rising daily 20 MA, no matter how attractive they look. So start buying only when daily 20 MA starts rising, from whatever level, is not only safe but also proven way of making money although it sounds so simple. Imho. Good trades.
You can read how Yen traders make intraday moves by watching 30 min USD/JPY candlestick chart or line chart if you are not familiar with candle nuance. 4, 8 hourlies are for positional moves. Good trades.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make [ForexGen]
incomparable to any other rival.

Employee Reductions in 2008

2008-12-16T16:29:00.000-08:00

Employee Reductions in 2008 Have Totaled 3,400; Further Cost Reductions in Final Stages of Evaluation Net Savings of $125 Million Expected in 2009 from Cost-Reduction Actions

Diversified industrial manufacturer Eaton Corporation (NYSE:ETN - News) today announced revised earnings guidance for the fourth quarter, reflecting the impact of the global economic crisis on its end markets.

“We have experienced recent, dramatic deceleration in global demand in our Automotive, Truck and Hydraulics segments,” said Alexander M. Cutler, Eaton chairman and chief executive officer. “The weakness in these segments has been accentuated by customer decisions to sharply curtail production starting in late November and continuing into December. We have also begun to see weakness in certain markets within our Electrical and Aerospace businesses.

Read The Full Post Here

2 Pages Can Get You a Bailout Billion

2008-12-15T18:54:00.000-08:00

"Not specifically," Kashkari replied. "It's very hard for us to try to micromanage and say this is how you should run your business, because each bank and each community is a little bit different. So we wanted to work with the regulators to identify the healthy banks, put capital in on the same terms, and then create the economic incentives for them to want to go make new loans."

Bachus, in an interview, contrasted the bank application process to the paces Congress put the auto industry through when Detroit's Big Three automakers asked for financial relief.

"Automobile companies came to the Congress for four lengthy hearings," Bachus said. "They were told, 'We're not going to even consider giving you money unless you tell us everything you're going to do to return to profitability.'"

Of course, General Motors and Chrysler were pleading for their lives. The bank capitalization program is designed only for financially stable institutions.

But for Steve Ellis, vice president of the nonpartisan Taxpayers for Common Sense, there's that two-page application.

"It's still somewhat shocking to the senses," he said, "when you think that credit card applications are a heck of a lot longer than that."

Read The Full Post Here

General Electric Award

2008-12-15T18:52:00.000-08:00

General Electric awarded $128 million contract modification for Navy engines

The Navy said Monday that it has given General Electric Co. a $128 million contract modification for engine parts and equipment for fighter jets.

READ MORE HERE

Titan Machinery Raises

2008-12-15T18:35:00.000-08:00

Titan Machinery Inc. (Nasdaq:TITN - News), a leading network of full service agricultural and construction equipment stores, today reported financial results for the third quarter and nine-month period ended October 31, 2008.

For the third quarter of fiscal 2009, revenue increased to $214.0 million from revenue of $132.2 million in the third quarter of the prior year. All three of the Company’s main revenue sources - equipment, parts and service - contributed to this period-over-period revenue growth. Equipment sales were $168.0 million, compared to $103.4 million in the same period last year. Parts sales were $29.8 million in the third quarter, up from $18.4 million in the prior-year period. Revenue generated from service improved to $12.9 million in the quarter, compared to $7.9 million in the third quarter of last year.

READ THE FULL POST HERE

The Price of Oil

2008-12-14T20:30:00.000-08:00

Investors head into what for many will be the last full trading week of the year expecting more stimulative U.S. interest rate cuts but rattled by emerging dissent over how governments should boost ailing economies.
The price of oil, meanwhile, is likely to be in particular focus with oil-producing nations meeting to discuss supply cuts at a time when lower prices are one of the few areas of easing pressure on monetary authorities.
Investors needed no new stress after a year which has seen the global banking model break down, the value of stocks halve, lending freeze up and volatility soar, but the new wrinkle is squabbling among authorities about how to proceed.

Read The Full Post Here

FORMER FED VICE CHAIRMAN ALAN BLINDER

2008-12-14T20:25:00.000-08:00

The one-word advice to Dustin Hoffman in The Graduate was "plastics." My one-word advice to the Fed now is "spreads." Fortunately, I don't think Ben Bernanke needs this advice. He gets it.

The problem is not that risk-free (or nearly so) interest rates are too high; rather, they are ludicrously low as investors shun risk-taking of any kind. The Fed will soon drop the funds rate to 50 bps, but this will be strictly a feel-good gesture that won't accomplish anything. That's a good thing, too, since with funds at 50 bps and Treasury bills at zero, there's no more ammunition there.
The real problem today is that market interest rates that are built over the Treasury or Fed funds base -- the rates at which real borrowers borrow and real lenders lend -- now range from high to prohibitive. If we are to get credit flowing again, the spreads must come down -- a lot. When the Fed buys commercial paper, guarantees GSE debt, or backs asset-backed securities, it is trying to reduce the spreads on each of these instruments over Fed funds or Treasuries. It should keep doing that.

Read The Full Post Here

Keeping the Credit Markets in a Stranglehold

2008-12-14T20:20:00.000-08:00

Investors know the future will bring either inflation or deflation, but they can't decide which. So they're erring on the side of a worst case scenario, keeping the credit markets in a stranglehold and Treasury notes extremely popular.

Despite a moderate rise in the stock market Friday, the yield on the two-year Treasury note hit another record low, falling to about 0.76 percent for the first time since the note has been issued.

Adding fuel to the argument that the economy is headed for deflation, the Labor Department said its Producer Price Index, which tracks costs of goods before they reach consumers, fell 2.2 percent last month -- more than anticipated -- as gasoline and other energy prices retreated.

Read Full Post Here

Japan Business Sentiment Dives; BOJ Sees More Pain

2008-12-14T19:47:00.000-08:00

Japanese business sentiment has suffered its sharpest crash in three decades, a Bank of Japan survey showed on Monday, and the central bank said no early turnaround was expected with the economy set to shrink next year.

But markets rallied despite the gloomy news from Asia's biggest economy, buoyed by expectations that the White House would step in to prevent the collapse of the "Big Three" U.S. automakers after the Senate's rejection of a bailout.
That news had sent world markets reeling on Friday as investors feared another ugly turn in a global crisis that began last year with the collapse of U.S. subprime mortgages and which has now sent major economies, including Japan, into recession.
The Bank of Japan's tankan survey gauging big manufacturers' sentiment fell to minus 24, slightly worse than expected, from minus 3 the previous quarter. It was the biggest fall since the oil crises of the 1970s and the bleakest outlook since 2002, when Japan was recovering from a slump sparked by a banking crisis.
The survey pointed to more economic gloom.

"The extent of the worsening outlook for March is a bit shocking," said Susumu Kato, chief economist at Calyon Capital Markets Japan. "The figures were within expectations but the outlook for March is seen worsening further. Thus, it's hard to predict the bottom of the current economic cycle."
Bank of Japan Governor Masaaki Shirakawa told the Financial Times the Japanese economy may contract in the year to March 2010. The central bank had previously forecast a modest recovery with 0.6 percent growth in the next fiscal year.
"Until recently, the Japanese economy was relatively immune from turbulence in credit markets overseas. But the picture changed after the collapse of Lehman Brothers," Shirakawa said.
In a historic meeting on Saturday, Japan, China and South Korea pledged joint action to tackle the impact of the global crisis, despite decades of animosity.
But while they promised not to create new trade barriers over the next year and backed efforts to bolster a regional safety net of currency swaps, they did not unveil any new initiatives.

CHINESE OUTPUT GROWTH FALTERS
China and India, Asia's key emerging economies, expect robust growth despite the global slowdown. But they are still suffering.
China's annual industrial output growth slowed to 5.4 percent in November, the weakest in at least nine years for a non-holiday month and down from 8.2 in October, the National Bureau of Statistics said on Monday. The median forecast of 26 economists polled by Reuters was for growth of 7.1 percent.
President Hu Jintao said the employment situation would be "very serious" in 2009.
"Next year's employment market will be very serious, affected by the international financial crisis," Xinhua quoted Hu as saying. Analysts say unemployment could fuel more social unrest.

Data on Friday showed Indian factory output fell in October for the first time in 13 years.
"It is a shocking figure," said T.K. Bhaumik, economist at JK Industries Group. "This is a wake up call for the government."
As U.S. President George W. Bush arrived in Afghanistan after a visit to Iraq, the White House said any announcement on a rescue plan for the auto industry was unlikely until he returned to the United States.
"I don't anticipate anything before we return. ... I just don't expect anything for a while," spokeswoman Dana Perino told reporters on Air Force One.

Bush said last week his administration would consider using part of the Treasury's $700 billion bailout package for financial institutions to keep U.S. automakers afloat in the short term.
The bankruptcy of one of Detroit's Big Three would be another blow for the U.S. economy, with knock-on effects hitting many secondary industries and reverberating around the globe.
Hopes of a rescue buoyed Asian shares -- at 0315 GMT Japan's benchmark Nikkei 225 was up 4.7 percent, the Hang Seng had gained 3.25 percent, and Seoul's bourse was 4.5 percent stronger. Automaker stocks gained across the region.
Australia's S&P/ASX 200 index rose 3 percent.
The yen was trading around 91 per dollar after shooting higher on Friday to nearly 88 per dollar, a 13-year high, when investors bought it as a safe haven following the collapse of the auto talks in the Senate.

[ForexGen Academy]

If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

THE ECONOMIC CONSEQUENCES OF THE PEACE

2008-12-12T16:19:00.000-08:00

The power to become habituated to his surroundings is a
marked characteristic of mankind. Very few of us realise with
conviction the intensely unusual, unstable, complicated,
unreliable, temporary nature of the economic organisation by
which Western Europe has lived for the last half century. We
assume some of the most peculiar and temporary of our late
advantages as natural, permanent, and to be depended on, and we
lay our plans accordingly. On this sandy and false foundation we
scheme for social improvement and dress our political platforms,
pursue our animosities and particular ambitions, and feel
ourselves with enough margin in hand to foster, not assuage,
civil conflict in the European family. Moved by insane delusion
and reckless self-regard, the German people overturned the
foundations on which we all lived and built. But the spokesmen of
the French and British peoples have run the risk of completing
the ruin which Germany began, by a peace which, if it is carried
into effect, must impair yet further, when it might have
restored, the delicate, complicated organisation, already shaken
and broken by war, through which alone the European peoples can
employ themselves and live.

In England the outward aspect of life does not yet teach us
to feel or realise in the least that an age is over. We are busy
picking up the threads of our life where we dropped them, with
this difference only, that many of us seem a good deal richer
than we were before. Where we spent millions before the war, we
have now learnt that we can spend hundreds of millions and
apparently not suffer for it. Evidently we did not exploit to the
utmost the possibilities of our economic life. We look,
therefore, not only to a return to the comforts of 1914, but to
an immense broadening and intensification of them. All classes
alike thus build their plans, the rich to spend more and save
less, the poor to spend more and work less.

But perhaps it is only in England (and America) that it is
possible to be so unconscious. In continental Europe the earth
heaves and no one but is aware of the rumblings. There it is not
just a matter of extravagance or 'labour troubles'; but of life
and death, of starvation and existence, and of the fearful
convulsions of a dying civilisation

[Refer A Client]

If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

What is (A Star)????

2008-12-10T13:16:00.000-08:00

Forexgen presents “A Star” appears when a small body gaps ABOVE the previous day's long body. Stars are part of more complicated candlestick patterns, especially the reversal patterns. A Rain Drop appears when a small body gaps BELOW the previous day's long body. Rain Drops are part of the more complicated patterns, especially the reversal patterns. The Paper Umbrella appears when a small body comes with a long lower shadow. The Paper Umbrella is a strong reversal sign.

Hammer is a potentially bullish pattern which occurs during a downtrend. It is named because the market is hammering out a bottom. Recognition Criteria:

The long lower shadow is about two to three times of the real body.
Little or no upper shadow.
The real body is at the upper end of the trading range.

The color of the real body is not important. (Confirmation is suggested.)

potentially bearish pattern

2008-12-10T13:13:00.000-08:00

Forexgen and Hanging Man is a potentially bearish pattern which occurs during an uptrend. It is named because it looks like a hanging man with dangling legs.

Recognition Criteria:

A long lower shadow which is about two to three times of the real body.
Little or no upper shadow.
The real body is at the upper end of the trading range.
The color of the body is not important, though a black body is more bearish than a white body. (Confirmation is suggested.)

Engulfing is a reversal pattern, especially after a prolonged trend. It has a long body that totally engulfs the prior day's body.

Recognition Criteria:

The first day's color indicates the trend of the trading day.
The second real body should have the opposite color of the first real body.

The second day's body should completely engulf the previous day's body.

Consumers cut spending

2008-11-26T13:57:00.000-08:00

Housing, consumer spending and business investment all weakened sharply last month as the dizzying downward spiral of the world's largest economy gathered speed, data showed on Wednesday.

Economic reports also showed unemployment rolls remained swollen at recessionary levels in the latest week, providing further support to economists who think the U.S. economy has entered its worst downturn in decades.

Consumer confidence fell to a 28-year low in November and tumbling durable goods orders for October illustrated the severe constraints on the economy as households and businesses alike cut spending plans on costly manufactured goods.

Orders for durable goods such as cars, machinery and computers dropped 6.2 percent in October, more than twice as much as Wall Street economists had forecast, as demand weakened across nearly every major sector of manufacturing.

The report's proxy for businesses' investment intentions, orders for non-defense capital goods excluding aircraft, fell 4 percent in October after decreasing 3.3 percent in September.

The slew of weak data pushed the prices of U.S. government bonds sharply higher and the dollar gained against the currencies of major trading partners. U.S. stocks also rallied on strength in the tech sector after Tuesday's sharp sell-off.

The deluge of data included a report from the Institute for Supply Management-Chicago showing business activity in the U.S. Midwest contracted in November at a more severe rate than expected.

Expert Adviser with ForexGen

2008-04-02T04:12:00.000-07:00

Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.

With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.

What is an Expert Advisor?

It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text

Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4.

There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience.

Please visit our site at:

http://www.forexgen.com/

Deposites and withdrawal with ForexGen

2008-04-02T04:11:00.000-07:00

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients’ funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Funds are accepted by wire transfer and e-gold payments. For full details about funding procedures and options kindly click here.

· Please note that during the weekends and official holidays, wire transfers may be delayed.

Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client’s account will be funded in the same day of receipt. For our client’s security, each wire transfer reference section must contain the client’s name and account number.

ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.

Traders can withdraw money from the trading account in a simple and fast way.

Withdrawal to a bank account:

1. Login to your account using your user name and password.

2. Click on “Manage accounts” link on the left menu.

3. Select to submit new withdraw transaction.

Withdrawal to an e-gold account:

Login to your account using your user name and password.
Click on “Manage accounts” link on the left menu.
Select to submit new withdraw transaction.

Withdrawal requests are processed during the same business day. Please allow a few hours for the accounting department to process and clear the payment. Funds may take more time before it arrives to your bank account depending on the bank and location and also the time the wire transfer request is issued.

Please visit our site at:

http://www.forexgen.com/

Why ForexGen?

2008-04-02T04:10:00.000-07:00

Why ForexGen?

Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.
Low capital start, with $250 as a minimum account size.
Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

We consider every client as a special case, a VIP and a partner. A client’s profit is our success and a client’s loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let’s prove to you that you have taken the right step by choosing our partnership.

Please visit our site at:

http://www.forexgen.com/

Why learning with ForexGen?

2008-04-02T04:09:00.000-07:00

Forex is definitely one of the most exciting and profitable markets. If you want to join the elite and start investing you need to follow 5 very simple steps that will eventually lead you to success:

Self Study:
In order to start investing you need to study and observe the Forex market carefully so that you can make the right decisions when the time comes.
You can study the fundamental analysis to monitor the political and economic news’ effect on FX market. Also the study of technical analysis is useful as it predicts the price movement based on past experience. ForexGen offers a Training section developed specially for new traders. This section mainly contain comprehensive summarized documents teaching you how to deal with the Forex market and what procedures you need to follow in order to minimize the risk.

• Practice:
ForexGen’s Demo account gives you the chance to practice your Forex trading skills with absolutely no obligation on your side. You will also be able to learn how to virtually place market orders and stop-loss orders without risking a penny.

• Investment Strategy:
After gaining enough knowledge about the Forex market, you are ready to start putting a strategy for your investment. First thing you should do is make sure not to let your emotions get in the way of your strategy as it’s a common mistake made by new traders.
Secondly you need to make some decisions like how much you are willing to risk, if it’s worth risking, if the market is suitable for that kind of investment and finally you always have to be aware of the amount of money you are risking and if you have enough funds to maintain your margin.

• Observation:
Once you have started your investment, you are now capable of being automatically connected 24/7 throughout ForexGen’s new trailing stop software. Trailing stop allows you to control your balance 24 hours a day.

• Open your live account now:
Knowledge, practice, strategy and tools. You are definitely ready to start your investment by opening your first live account. Not like the demo account, you will now start committing real money. Just remember to stick to your strategy.

Please visit our site at:

http://www.forexgen.com/

Introducing Broker with ForexGen

2008-04-02T04:08:00.000-07:00

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being INTRODUCING BROKERS with ForexGen?

Providing the most huge income sharing plan
Providing several ways for our IB's to charge commission.
ForexGen IB can also charge commission for each lot the traders execute.
Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

Instant order execution.
No dealing desk.
Low spreads.
Free qualified forex charting.
Real time streaming news.

ForexGen main focus is on our client's profitability and satisfaction which increase their online forex trading life time. At ForexGen the trader has the ability to spend most of the time controlling and performing their business rather than troubleshooting.

The most competitive trading conditions:

2 pips spread on six currency pairs.
Leverage of 200:1 leverage for accounts.
Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
The minimum account size with a 250 US has the ability to execute a lot of trading lots.

Qualified and familiar multilingual platform!

Streamline dealing with no request for quote for up to 20 million.
The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.

Please visit our site at:

http://www.forexgen.com/

White Label with ForexGen

2008-04-02T04:06:00.000-07:00

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Full White Label

We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.

Limited White Label

Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.

WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?

A Qualified and familiar online trading platform branded under each company name!

Streamline dealing with no request for quote for up to 200 lots (20 million).
Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
Constantly updated real time prices.
Real time charts with the most common indicators.
Daily account statement.
Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
Streaming news quotes provided by AFX News.
An attractive income sharing plan

Trading White Label enables our partners to charge their clients' commission for each traded lot.

They also have the ability to raise the spread for all or certain customers.

ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.

Commission is paid out every month.

Individualized service

ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.

White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.

White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.

A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
ForexGen leverage could be 200:1 on standard accounts.

The margin requirements on all accounts are:

Account Equity (US Dollars)	Initial Margin	Maintenance Margin end of each weekday (before 23:00 CET)	Maintenance Margin on Friday at 23:00 CET & before holidays
Less than 25,000	0.5%	No minimum required. Accounts are only stopped out at the stop out level.	0.5%
25,000 to 1,000,000	1%	No minimum required. Accounts are only stopped out at the stop out level.	1%
1,000,000 to 5,000,000	2%	2%	2%
5,000,000 to 10,000,000	3%	3%	3%
Above 10,000,000	5%	5%	5%

Getting Started page

Send us E-mail for the application and information packet. whitelabel@ForexGen.com
Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month

Favorable trading conditions

2 pips spread on six currency pairs.
Leverage of 200:1 leverage for accounts of up to $1 million US.
Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
The minimum account size is $2,000 US which allows trading of mini-lots.

Please visit our site at:

http://www.forexgen.com/

Money Manager with ForexGen

2008-04-02T04:05:00.001-07:00

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with ForexGen:

Providing three different commission sources.
Weekly commission plan.
Easy & fast commission withdrawals.
Fixed percentage of the profits.
P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

Individualized services:

ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:

Up-To-Date RSS news feed.
Lowest spreads in the Forex Market.
Tremendous amount of Technical Indicator.
Fast order execution.

An Example for one of the Money Manager’s bonuses:

Deposit Amount (US Dollars)	Bonus	Added to
$50,000	$1,500	Master Account
$100,000	$3,000	Master Account
$250,000	$7,500	Master Account
$500,000	$15,000	Master Account
$1,000,000	$30,000	Master Account

The most competitive trading conditions:

2 pips spread on six currency pairs.
Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
Leverages up to 1:200 for accounts up to $1 million US.
Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Please visit our site at:

http://www.forexgen.com/

Special Promotion for New Clients

2008-04-02T04:01:00.000-07:00

Free cash bonus when you open your new live account within the next 30 days. You will receive a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.

Account Type

Free Cash Bonus

Mini Account

10% of your deposit

maximum $250

Standard Account

10% of your deposit

maximum $500

Open A New Live Account Now

To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months. For more information about our current and future promotions, contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Trade, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,

This is NOT a demo contest

This is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!

How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.comincluding their "live Account Number".

By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:

First place: 50% of the account profit

Second place: 40% of the account profit

Third place: 30% of the account profit

Fourth place: 20% of the account profit

Fifth place: 10% of the account profit

(Profits will be added to the live account balance)

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives

You can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Win Cash Prizes

ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.comincluding the following information:

- Full name:

- Phone number

Also provide us with the following identification document:

"Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your demo account login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit

2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit

3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities? The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

Click here to refer a friend

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can talk with one of our representatives on the live chat.

Also, you can request a call back from one of our agents stating the best time we can call you back.

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

· Trade the news without intervention or restrictions

· Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.

· Place scalping orders without intervention or restrictions.

· A client-friendly trading environment, No re-quotes.

· Ability to place orders inside the spread

· Competing rates from multiple banks

· Spreads are variable and can move sharply

· Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Please visit our site at:

http://www.forexgen.com/

ForexGen Promotions

2008-04-02T04:00:00.000-07:00

Dear Valued Client,

ForexGen keeping the New Year special promotion which is 20 % bonus on deposit as result of our clients request to extend this offer for February

It has been a great experience and pleasure working with you throughout this year, which witnessed major achievements in the business of ForexGen.

This has been realized thanks to your valuable support and cooperation

In appreciation of our successful cooperation over the past year, our entire team wishes you Happy Holiday Season to you and to your dear ones. We sincerely hope that 2008 will be a year of accomplishments for your business.

May this festive Season and the coming Year bring you Good Health, Happiness and Prosperity!

In this occasion ForexGen would like to offer you 20% bonus on every deposit you will make till the end of January 2008 as a gift to help you staring your trading activities

For more information about ForexGen current promotions and offers we would like to invite you to attend our webinars which will be held daily every 4 hours

If you are interested to attend one of our webinars please send us a feedback on info@forexgen.com and we will provide you with more information, by attending a webinar you will be entitled for a free gift from ForexGen, please contact us at info@forexgen.com for more details

Accept our best wishes,

ForexGen Marketing Department

Please visit our site at:

http://www.forexgen.com/

ForexGen Indicators

2008-04-02T03:59:00.001-07:00

You want to create a cool custom indicator, but you do not have enough experience or resources to do it?

ForexGen offers you the chance of a life time by dedicating a team of experienced developers specialized in Forex market to give you assistance and support in your ideas

CIF (Correlated Indicators Factor)

-The CIF is an indicator based on the extensive efforts of our house experts using their experience in their concentrated search where they found that one indicator is not enough.

-The experts’ conclusion was that the CIF- mother of all indicators- is the only and the perfect solution that facilitates the manual trading which provides indications with the least risk. It is the trader’s perfect support for every faced obstruction.

-Our house experts categorize and make combinations of the trend, oscillators, bill Williams, volumes and other custom indicators, the CIF signal values is generated according to the indicators’ combinations depending on certain calculations, volumes and correlations between more than one indicator and according to a specified function that weights the indicators’ signal. The CIF values are represented graphically via four lines (short .middle, long, current).

Please visit our site at:

http://www.forexgen.com/

Easy Transactions with ForexGen

2008-04-02T03:58:00.001-07:00

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Funds are accepted by wire transfer and e-gold payments.

· Deposit of funds is made easy through our short online form in your account management section, click here for a quick access (needs login)

Account receivable funding could electronically funded by ForexGen after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.

ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.

Please visit our site at:

http://www.forexgen.com/

Meta Trader4 with ForexGen

2008-04-02T03:55:00.000-07:00

The Forex charts are the point of interest at ForexGen. Charts are a significant technical analysis tool for a trader that wants to perform successful trading. Currency charts represent a single period of time and that period could range from one minute to one month to several years.

To open a new Forex chart:

• Right-click the Market Watch window, then select the Chart Window options
• press the Ctrl + W key combination
• through the menu options File > New Chart
• or clicking on "New Chart button" on the toolbar.

Charts have the ability to be customized. Charting Forex package can be manipulated to appear in many different ways. There are kinds of Forex charts that show price action:

• Line Chart: The line chart is a graphical representation of the historical exchange rate of a certain currency pair in a given period of time. The line is established and drew according to the closing prices connection of the day.
• Bar Chart: The bar chart is a currency chart represents the currency price, forming vertical bars in a day (e.g. every 60 minutes). Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval).
• Candlestick Chart: The candlestick Forex charting is used to forecast the market. It represents OCHL prices as 'candlesticks' with a wick at each end. When the opening rate is higher than the closing rate the candlestick is 'solid'. When the closing rate exceeds the opening rate, the candlestick is 'hollow'. As a result of the colored bodies the candlestick provides a visual details more than any other chart.
•Point & figure charts: Point and figure patterns are essentially the same patterns found in bar charts but Xs and Os are used to market changes in price direction. In addition, point and figure charts make no use of time scales to indicate the particular day associated with certain price action.

ForexGen offers the most qualified Forex online trading platform which facilitates the online currency exchange services for different worldwide traders, companies and dealing centers

the major benefits of our platform:

• Following the current news of the Forex market
ForexGen online trading platform could accurately cover all the financial market situation, trading execution actions at Forex, futures and CFD markets.

• Variable currency basis
Variable currency could be exchanged where any currency could be considered as general currency in the whole online trading operation in all the countries with the their national currencies.

• Economy and productivity
Our trading platform enables implemented data transfer for their economy. It allows supporting great number of online currency exchange traders via a single server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB HDD. Using recent protocols decreases the requirements of the data link and their execution cost.

• Consistency (dependability)
ForexGen platform offers a backup and restoration system to handle any damaging to the historical data. In addition, it supports a system which allows restoring the damaged historical databases in course of minutes using another server.

• Security
the whole information exchanged between the different parts of the system is encrypted by 128-bit key which assures the safety of the transferred data and prevents any other person form utilizing this data. To increase the security our system is a built-in DDos attacks guard system it also increases the stability of the server accessing.

• Provided by many languages
A Multilanguage Pack program is provided with ForexGen platform offering many languages where the trading platform interfaces could be translated to any language. Our Multilanguage pack enables the trader to build his language and integrate it into the platform. This multilingual service facilitates utilizing our trading platform to the worldwide trader.

• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the customization of the platform according to the trader's desire. API advantages are:

•Providing additional analyzers to recognize the increasing. Movement of traders.
•Providing integrated application with the other system.
•Increasing the server accessibility.
•Creating its own system functionality management mechanism.
•So many benefits are provided.

• Utilizing the web services
ForexGen provides the integration with the web services to reach the most qualified online trading services (www, wap). Thus, it allows the real time quotations and charts on the trader's site. In addition, it provides changeable tables containing competitive prices.

• Flexibility of the system
ForexGen platform has the ability to be highly customized where the trader has the ability to set all the platform parameters including the dealing session time and many more properties of the trading instruments.

• Sub-administration
This feature permits several important introducing brokers easily just in only one server. One server only is needed in order to execute all the ibs orders and managing the Forex trader account.

The Market Watch window is a floating palette. It has the ability to be dragged anywhere on the screen. The Market Watch window which is also called the Quotes Window shows the current prices of the traded currency pairs and the currency market news in the currency market. It also permits quick dealing with any currency pair.

The Market Watch window item can be accessed using the menu items View > Market Watch or by pressing the Ctrl + M key combination. In addition, the Market Watch button on the toolbar allows showing or hiding the Market Watch window.

The trader can start trading just by double click the desired vehicle and the Order Form will be opened. The Order Form can also be accessed by right-clicking the desired currency pair then selecting New Order.

Please visit our site at:

http://www.forexgen.com/

Different 5 Accounts with ForexGen

2008-04-02T03:54:00.000-07:00

Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250.

ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.

ForexGen will not charge a fee of per traded lot round turn.

Live Account Type	Mini Account	Standard Account	Pro Account	Premium Account	No Dealing Account
Minimum Account Size $	250	2500	5000	50.000	20.000
Recommended Account Size	1000	10,000	20,000	100,000	50,000
Maximum Account Size $	2500	n/a	n/a	n/a	n/a
Swap/commissions	n/a	n/a	n/a	n/a	n/a
Lots Available	mini-micro	stand-mini	stand-mini	stand-mini	stand-mini
Lot Size	10,000 unites for mini lot and 1000 unites for micro lot	100,000 unites for standard lot and 10,000 unites for mini lot	100,000 unites for standard lot and 10,000 unites for mini lot	100,000 unites for standard lot and 10,000 unites for mini lot	100,000 unites for standard lot and 10,000 unites for mini lot
Leverage	From 1:200 up to 1:500	1:100	1:100	1:50	1:100
Trading symbols	24 major and cross forex spots+ silver and gold	24 major and cross forex spots+ silver and gold	24 major and cross forex spots+ silver and gold	24 major and cross forex spots+ silver and gold	24 major and cross forex spots+ silver and gold
Spread Majors	Fixed 2 pips spread	Fixed 2 pips spread	Fixed 1 pip spread in 10 pairs (EURUSD,USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY)	Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY)	By market
Spread Crosses	Fixed (3+ pips spread)	Fixed (3+ pips spread)	Fixed (3+ pips spread)	Fixed (3+ pips spread)	By market
Aprox. Pip Value for spots	$1 Per Pip -mini lot and $ 0.1- micro lot	$10 Per Pip-standard lot and $ 1-mini lot	$10 Per Pip-standard lot and $ 1-mini lot	$10 Per Pip-standard lot and $ 1-mini lot	$10 Per Pip-standard lot and $ 1-mini lot
News & Charts directly on platform	Yes	Yes	Yes	Yes	Yes
Lot Margin	($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500	$ 1000-standard lot and $ 100- mini lot	$ 1000-standard lot and $ 100- mini lot	$ 1000-standard lot and $ 100- mini lot	$ 1000-standard lot and $ 100- mini lot
Trading execution	Dealing Desk Enabled, OTC execution	Dealing Desk Enabled, OTC execution	Dealing Desk Enabled, OTC execution	Dealing Desk Enabled, OTC execution	NDD (sells and buys by market)

Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.

Account Size
The minimum amount required for opening a ForexGen Live trading account is $2,500 for standard Account and $250 for Mini Account but the recommended minimum investment size is $10,000 for standard Account and $1,000 for Mini Account. That is because of the high leverage and the extremely volatile nature of the Forex market.

Trade Size
All trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen trading platform. There is no maximum trading volume on the ForexGen trading platform.

Pip/Tick Value
Trading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.

Margin Requirement
Guaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.

Spread
All spreads are fixed intra-day and night and ForexGen maintains fixed spreads during normal market conditions.

Dealing Spreads
(Standard & Mini Accounts Only)
Currency Pair	Spread	Currency Pair	Spread
EUR/USD	2 pips	EUR/CHF	2 pips
USD/JPY	2 pips	EUR/CAD	7 pips
USD/CHF	3 pips	EUR/AUD	6 pips
USD/CAD	3 pips	GBP/JPY	7 pips
GBP/USD	3 pips	GBP/CHF	6 pips
EUR/JPY	3 pips	CHF/JPY	2-4 pips
AUD/USD	2 pips	AUD/CAD	10 pips
NZD/USD	5 pips	AUD/JPY	5 pips
EUR/GBP	2 pips	AUD/NZD	10 pips
NZD/JPY	6 pips

ForexGen also offers a "No Dealing Desk" execution option which does not provide fixed spreads or guarantee regarding slippage. Clients are able to select this option at ForexGen's discretion.

Liquidation
Any depreciation occurring to a point of depletion of an entire balance in Forex account, will be liquidated automatically without any margin calls.

Fees
ForexGen customers enjoy trading without commissions, transaction fees, overnight performance fees or execution.

Overnight positions (swap)
ForexGen offers swap-free accounts. Swaps will not be applied to ForexGen accounts.

Deposit currency
Clients can select to fund their live accounts with USD or EURO.

Reporting
Complete and full detailed reporting about the account trading activities are generated 24 hours a day, 7 days a week.

Opening a live Account Online
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just minutes. Representatives are available 24 hours a day, 7 days a week.

Please visit our site at:

http://www.forexgen.com/

Trading with ForexGen

2008-04-02T03:51:00.000-07:00

ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient. Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers. ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.

ForexGen LLC is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.

ForexGen LLC is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.

At ForexGen LLC filling the orders is instantly and accurate without difference between the quoted price and the execution price. In addition, Provided Stops and limits have no slippage. Generally we assure and guarantee that under all situations except the most unexpected volatile condition.

The bid and ask prices usually modified, to buy the client's ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don't allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.

ForexGen LLC Advanced trading tools are at the client's reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.

TRADING LIMITATIONS.

ForexGen LLC at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LLC, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LLC has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LLC if Customer is required to file any reports on positions.

ForexGen LLC preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties. This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.

ForexGen LLC Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:

- Illegal pip hunting.
- Illegal scalping.
- Multi IP login at the same time.
- Suspicious hedging of the same currency.
- Harmful strategies.
- Expert Advisor that are not approved by ForexGen.
- Security threatening activities.
- Any other hostile activities that threatens ForexGen, its customers, business partners and counter parties.

ForexGen LLC risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension.

Please visit our site at:

http://www.forexgen.com/

ForexGen Customer Care

2008-04-02T03:50:00.001-07:00

ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.

ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Clients can contact ForexGen by using on of the following methods:

Global Phone Number.

Phone number: +1 212 4613 279

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

If you are not able to access the internet.

Failing to receive a confirmation on an online order.

Failing to connect to ForexGen server.

Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.

Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.

Determine whether the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.

Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . ."

Remark: The given price is un-negotiable. Traders have no permission to hang on the phone waiting for price changes. All phone calls are recorded to ensure the integrity of transactions.

Request call back.

Please specify your comments or inquiry and one of our customer support representatives will contact you shortly.

Please visit our site at:

http://www.forexgen.com/

About ForexGen

2008-04-02T03:33:00.000-07:00

ForexGen LLC is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen LLC provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen LLXserves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
The ForexGen LLC services are all controlled by the international banking and financial regulatory standards. ForexGen LLC is continuously providing the Forex market’s safest trading terms & conditions. Providing professional currency trading services that meet our client’s expectations is our first priority.

ForexGen principals:
ForexGen LLC customer satisfaction is our major objective. To reach our business goals, we strive to put our client’s goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

The ForexGen’s provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer’s confidentiality. ForexGen LLC is continuously providing the market’s most competitive conditions.

ForexGen LLC complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).

Profile regulatory information
ForexGen LLC is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

According to the Federal Trading Commission (FTC) and Commodity Futures Trading Commission, all financial institutions are obligated in conformity with the anti money laundering laws (AML) that control money laundering and maintain the integrity and security of the international banking and financial institutions. ForexGen is regulated by the international authorities against money laundering and in full compliance with the International Laws.

This is the reason why our customers have to provide us with identifying documentation and the documents proofing the origin of their funds in order to secure that the funds that ForexGen LLC will receive are fully and legally originated according to the European Trading Commission and the European Anti-Fraud Office.

As the international banking standards imply, we preserve all the customer’s account information both personal and financial. Our target is to achieve our principal goal, which is gaining the customer’s confidence and reach to the maximum satisfaction level.

ForexGen LLC state-of-the-art encryption and confirmation rules and certification ensure that every trader’s contract is verified and secured.

Please visit our site at:

http://www.forexgen.com/

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General Electric Award

Titan Machinery Raises

The Price of Oil

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FORMER FED VICE CHAIRMAN ALAN BLINDER

Keeping the Credit Markets in a Stranglehold

Japan Business Sentiment Dives; BOJ Sees More Pain

THE ECONOMIC CONSEQUENCES OF THE PEACE

What is (A Star)????

potentially bearish pattern

Consumers cut spending

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