USD/JPY fell 0.07% at 102.27. In other trade, AUD/USD went down 0.04% at 0.8997, while NZD/USD rose 0.08% at 0.8278. On Wednesday, the greenback traded mixed to higher against most major currencies after the Federal Reserve said in the minutes of its January policy meeting that it should continue tapering its monthly bond-purchasing program, which weakens the greenback to spur recovery. At its Jan. 28-29 policy meeting, the Fed voted to trim its monthly asset purchasing program to $65 billion from $75 billion and stressed benchmark interest rates will stay at 0.00-0.25% until the unemployment rates approaches 6.5% or even dips below that mark, depending on the health of the economy in the context of price stability. The minutes released on Wednesday, however, revealed that monetary authorities debated ditching language suggesting rates may rise if the unemployment rate falls past 6.5%, a policy tool known as forward guidance.
Dmitri Chavkerov has helped bust many myths surrounding forex trading and has contributed to the development of the forex field. (Photo: http://photos.prnewswire.com/prnh/20140218/PH66360-b ) According to Dmitri Chavkerov, it is the inner factors that influence people’s actions and trading decisions, while outside factors often cause only superficial effects. “There were many apple trees growing in the city that I grew up in, so during my childhood I picked apples from these trees. Some of the trees bore sweet apples, others bore sour apples, while others bore bitter apples that were almost impossible to eat.
Banks review private account trading by forex traders – FT
Each individual trade is also recorded often through an automatic email that is sent out when a trade is made. But in forex, it is more complicated as a trader converting euros into dollars for a US holiday or selling his holiday home in Spain could theoretically breach the rules. Deutsche is now considering a threshold for how much personal money a trader will be allowed to trade in each currency, people familiar with the plans said. Lloyds Banking Group has a similar rule in place, allowing currency trades below a de minimis threshold for “legitimate ad hoc dealings” such as obtaining travel currency or repatriating money from abroad. Bitcoin price on Mt Gox collapses The UK’s Financial Conduct Authority is probing the use of private accounts by forex traders, the Financial Times revealed in November.
With that being said, there is NO way to prevent false breakouts. All we can do is to manage our risk when price moves back against a breakout. Above is an example of a false breakout this morning on the GBPJPY. Notice how price broke cleanly through support, and then abruptly changed directions. Even though at one time the trade might have been profitable, when the market moves back above the designated breakout area, traders http://www.etftradingsignals.com should have a plan for exiting the market.
Deutsche Bank declined to comment on the story. UBS and Royal Bank of Scotland could not be reached outside of regular business hours. Citing people familiar with the plans, FT said that Deutsche Bank is mulling a threshold for how much personal money a trader will be allowed to trade in each currency. The FT had reported in November that the UK’s Financial Conduct Authority is probing the use of private accounts by forex traders. A person close to the situation told the newspaper that the FCA probe was ongoing and comes amid allegations that some traders might have used private accounts to place bets based on information gleaned by exchanging details about client orders with rivals. Personal accounts trades are usually declared to the bank, and are recorded via automatic emails.