FXCM Announcements - Page 2
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  1. #11
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by Clint View Post
    Hi, Jason

    Thanks for the detailed reply.

    On the correlation question, I didn't mean to imply that the new Dow Jones FXCM US Dollar Index SHOULD be highly correlated to the standard US Dollar Index. Rather, I was wondering how the two compare. I'd be curious to see an overlay chart of the two.
    I see what you mean now. This blog research puzzle pix by tom brakke has the only correlation comparison chart I have seen thus far which was created on a Bloomberg terminal.

  2. #12
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    Quote Originally Posted by Jason Rogers View Post

    This blog ... has the only correlation comparison chart I have seen thus far...
    Thanks, Jason, that's exactly what I was looking for.

    It's interesting that (currently, at least) the DJ/FXCM Index flattens out the extreme highs and extreme lows of the DXY.

  3. #13
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Default Out of the Office...Back Soon :)

    Hi Everyone,

    I will be out of the office and away from the forums until May 30th. If you need any assistance from FXCM before then, please feel free to contact client services directly Contact FXCM. Otherwise I will reply when I return. And as always, FXStatus.com will be updated in the event of a technical issue .

    Until then, happy trading and see everyone again on May 30th.

    -Jason

  4. #14
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Quote Originally Posted by Jason Rogers View Post
    MT4 Announcement (April 19, 2011): All new MT4 accounts with FXCM US (LLC) are being setup with the ability to trade micro lots. If you have an existing MT4 account with FXCM and would like to trade micro lots, please contact client support to have it enabled.

    Let me know if you have any questions.

    -Jason
    FXCM UK MT4 Microlots: In April, we enabled micro lot trading on MT4 accounts with FXCM US. We are happy to announce that micro lot trading is now available on MT4 accounts with FXCM UK as well. Micro lots will automatically be enabled when you open a new MT4 account with FXCM UK. If you have an existing MT4 account, please contact client services to request the addition of micro lots.

    Silver on MT4: Silver has been added to all MT4 demo and live accounts. Look for the symbol XAG/USD in the Market Watch window to trade silver. If you don't see the symbol, right click anywhere over the Market Watch window and choose Show All in the menu.

  5. #15
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Hello all!

    There will be no changes to forex trading hours this weekend due to the July 4 holiday in the US. Trading closes on Friday at 4:00pm ET and opens again on Sunday at 5:15pm ET.

    However, there are changes to the rollover schedule due to bank holidays. There is 5X rollover today (June 29) for CAD and HKD pairs and 4X rollover for all other pairs due to bank holidays. This Friday (July 1) there is no rollover for any currency pairs. Please keep this in mind if holding any trades open at 5:00pm ET.

    -Jason

  6. #16
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    If you're trading the CHF/JPY, CHF/SEK, or CHF/NOK, please be advised that the margin requirement for these CHF pairs is changing after the close of trading today due to changes in the value of the Swiss Franc.

    2.0% margin requirements for 1K lot sizes will be:
    (32 USD) for US Dollar denominated accounts.
    (22 EUR) for Euro denominated accounts.
    (20 GBP) for Pound denominated accounts.
    (32 CAD) for Canadian Dollar denominated accounts.
    (36 NZD) for New Zealand denominated accounts.
    (2,400 JPY) for Japanese Yen denominated accounts.

    0.5% margin requirements for 10K lot sizes will be:
    (80 USD) for US Dollar denominated accounts.
    (55 EUR) for Euro denominated accounts.
    (50 GBP) for Pound denominated accounts.
    (80 CAD) for Canadian Dollar denominated accounts.
    (90 NZD) for New Zealand denominated accounts.
    (6,000 JPY) for Japanese Yen denominated accounts.

    Again, this only impacts 3 currency pairs: CHF/JPY, CHF/NOK, and CHF/SEK. Let me know if you have any questions.

    -Jason

  7. #17
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    Default CHF Rollover

    If you're trading the CHF pairs, you may notice that the rollover rates for going long the CHF are becoming more expensive. This is happening because the Swiss National Bank has dropped overnight rates to near zero in order to make it expensive to hold swiss francs. DailyFX has an article about this and here's an excerpt from it:

    The Swiss Franc’s meteoric rise against the Euro and US Dollar has left the Swiss National Bank on the defensive, and the currency’s latest moves make it exceedingly expensive to hold CHF long positions for the forex trader.

    On August 3 at approximately 07:00 GMT, the Swiss National Bank announced that it would cut its short-term interest rate to as close to zero as possible—effectively making it far more expensive to hold Swiss Franc positions.

    Indeed, overnight interest rates have recently fallen near record lows. At 0.035%, the current overnight yield is effectively at zero and makes the currency a far less attractive long against much higher-yielding counterparts.


    Swiss Franc Spot/Next Interest Rate

    Source: Bloomberg Professional Service


  8. #18
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Default Update on holiday trading hours and rollover

    There is 4X rollover today (August 31) for all currency pairs (except TRY pairs) due to a US bank holiday on Monday, September 5th. This Friday (September 2) there is no rollover for any currency pairs. Please keep this in mind if holding any trades open at 5:00pm ET.

    There will be no changes for forex trading hours due to the September 5th holiday in the US, but there will be modifications for some of the CFD trading hours on Monday September 5th. Below is a list and all times are in GMT.

    CFD Trading Hours for Monday September 5th


  9. #19
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Default Introducing FXCM’s New Online Web Platform

    I’m excited to announce the launch of FXCM’s new online web platform called Trading Station Web. Login Now

    The Trading Station Web platform is available at https://tsweb.fxcorporate.com/

    You now have access to the Trading Station in three formats – on your web browser, desktop software and mobile devices.

    We’ve added a link to access the web platform from our FXCM US and FXCM UK homepages:



    For our UK traders near London, FXCM is hosting live, free seminars every second Wednesday at 6 PM in our London Office. In these seminars, our in-house Analysts and Traders will show you how to combine technical with fundamental analysis, how to place trades via the platform and how to formulate your own trading strategy. You can view the schedule and register at Spread Betting Daily Webinars, Financial Spread Betting Tips | FXCM. We look forward to seeing you there!

    If you have feedback or questions, then let me know!


    - Jason

  10. #20
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    Jason Rogers is offline Verified Broker Support and Analyst for FXCM FX-Men Honorary Member
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    Default FXCM Debuts Currency Rates on the NYSE Trading Floor

    The NYSE trading floor now has streaming currency rates provided by FXCM. The currency boards were turned on yesterday. Check it out!





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