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Capital Economics: the BoE will increase QE

 

Economists at UBS give 3 reasons to be concerned about Spain’s economic prospects: firstly, the high possibility that the country misses its deficit-reduction target, secondly, the risk of Spain’s falling into recession the next year and, thirdly, the precarious position of Spanish banks which will likely need more state money.

 

Spanish Finance Ministry announced that the nation’s GDP will add 0.8% in 2011 failing to meet the 1.3% growth target. Spain’s economy stagnated in the third quarter. The country’s jobless rate is close to 23%.

 

It’s too early to make predictions whether the deficit goal of 6% of GDP will be attained this year as the regions’ third-quarter budget data aren’t available yet. In 2010 Spain’s shortfall was equal to 9.3% of GDP.

 

Spain faces general elections on Sunday, November 20. The ruling Socialist Party is likely to lose to the opposition People’s Party which pledges to meet the deficit goal of 4.4% of GDP in 2012.

The 10-year Spanish bond yield rose to 6.4% for the first time since August. The specialists warn that the market’s rather optimistic attitude to Spain in comparison with Italy may change in the coming months or even weeks.

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From the desk of FBS analytics and market news:

 

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Analysts are still negative on euro

 

Spain’s borrowing costs rose to the maximal level since 1997 – the nation’s 10-year bond auction today has fueled concerns about the spreading of the European crisis to France and other core euro zone economies, such as the Netherlands and Finland.

 

Short-term forecasts

 

Morgan Stanley: negative outlook for the single currency. The specialists advise to sell euro targeting $1.31 lowering stops to $1.3580.

 

UBS: if EUR/USD breaks below support at $1.3406, it will begin declining to $1.3346.

 

Middle-term forecasts

 

Nomura: euro will slip to $1.30 by the end of the year, so it’s recommended to sell EUR/SUD.

 

Brown Brothers Harriman: the pair will finish 2011 at $1.29.

 

Mizuho Corporate Bank: euro will fall to $1.30 by the year-end, trading will be very volatile.

 

Citigroup: EUR/USD will decline to $1.31 by the end of 2011 and to $1.25 in the first half of 2012.

 

Source: http://www.fbs.com/analytics/news_markets/view/11168

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Dear traders!

 

Only five days left till the end of registration for “999” Contest.

 

The idea of the contest is pretty simple: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed.

 

As a result, all the participants have an opportunity to implement their new strategies, test their ideas of investing, be entitled as the best trader and win 555USD, 333 USD and 111 USD!

 

Note that registration is open untill 22.11.11.

 

Take part in “999” Contest: https://my.fbs.com/contests/999

 

Contest period: 23.11.11-23.12.11

 

Contest details: http://www.fbs.com/contest/999

 

 

 

 

 

Work with FBS , be friends with FBS and be successful!

 

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Best Mini Forex Broker 2010 - 2011

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From the desk of FBS analytics and market news:

 

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Options market expects euro’s slump

 

Wall Street Journal reports that 1-month risk-reversal indicator, which measures the weight of the bearish options bets on the single currency on the bullish ones, surged to 4 volatility points overcoming the level of 3.5 volatility points where it was seen at the peak of the financial crisis in 2008. That means that investors expect a sharp fall in EUR/USD during the next month.

 

Analysts at ING underline that rising yields on European bonds stirs up the market’s concerns. Specialists at Brown Brothers Harriman think that euro will react to the growing concerns about France, Belgium, Austria and other core countries that threaten to take the sovereign debt crisis to a new level.

 

Source: http://www.fbs.com/analytics/news_markets/view/11174

 

Citigroup: scenarios for US dollar after the Supercommittee

 

Analysts at Citigroup believe that investors’ attention that so far has been focused on the situation in the euro zone will turn next week to the United States where the so-called Supercommittee which consists of Democrats and Republicans is trying to reach a deal on deficit reduction. The specialists note that according to the survey they have conducted among investors, fewer than 20% of the respondents expect the committee to reach agreement on how to proceed with the cuts. It will be recalled that if the parties fail to agree, the nation will face automatic cuts.

 

Citigroup economists are more optimistic. In their view, approaching election will urge the lawmakers to compromise. If these projections come true, Australian dollar will be able to make significant advance. Talking into account the fact that trading volumes will likely be small ahead of the Thanksgiving holiday on November 24, the bank thinks that AUD/USD could add 2-3% on the positive outcome.

 

At the same time, the strategists warn that the odds are that the Supercommittee fails to come up with an agreement are rather high. In such case the greenback will get a 1-2% lift as a safe haven. The biggest gains of US currency will be seen versus euro and Canadian dollar. Specialists at RBC Capital Markets, however, don’t agree with the latter, they think that in the latter case US dollar will weaken as it did in July and August.

 

Source: http://www.fbs.com/analytics/news_markets/view/11178

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999_en.png

 

Dear traders!

 

Only five days left till the end of registration for “999” Contest.

 

The idea of the contest is pretty simple: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed.

 

As a result, all the participants have an opportunity to implement their new strategies, test their ideas of investing, be entitled as the best trader and win 555USD, 333 USD and 111 USD!

 

Note that registration is open untill 22.11.11.

 

Take part in “999” Contest: https://my.fbs.com/contests/999

 

Contest period: 23.11.11-23.12.11

 

Contest details: http://www.fbs.com/contest/999

 

 

 

 

 

 

Work with FBS , be friends with FBS and be successful!

 

fbsaward0.jpg fbsaward1.jpg fbsaward2.jpg

 

Best Mini Forex Broker 2010 - 2011

 

come on,,, just 3 days remaining for register... =D it's a chance for us to test our ability =D

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Visit our Indonesian office and get a Blackberry

 

 

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Dear traders!

 

As of today each Indonesian trader has a real chance to win a new Blackberry Torch from FBS.

 

Blackberry prize draw will be held every month and open only to those who visit our representative office in Jakarta and deposit his FBS account via Indonesian Local Bank Transfer.

 

Please note that you need to open FBS trading account first if you don’t have one.

 

For more detailed information about promotion please refer to:

 

INDONESIA FBS Support & Education Office

 

SKYLINE BUILDING 19TH Floor, Sakura Suites

 

Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia

 

Telepon : 021-3430.6161

 

021-3430.6262

 

021-3430.6363

 

Faks : 021-3905141

 

SMS Center : 083871.300.777

Blackberry ID : 25681da8

 

 

Work with FBS , be friends with FBS and be successful!

 

fbsaward0.jpg fbsaward1.jpg fbsaward2.jpg

Best Mini Forex Broker 2010 - 2011

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Visit our Indonesian office and get a Blackberry!!!

 

 

 

 

 

 

21112946b1ZanJUJNEW1.png

21111257NAJxBBCR.jpg

 

 

 

 

Dear traders!

 

As of today each Indonesian trader has a real chance to win a new Blackberry Torch from FBS.

 

new Blackberry Torch prize draw will be held every month and open only to those who visit our representative office in Jakarta and deposit his FBS account via Indonesian Local Bank Transfer.

 

Please note that you need to open FBS trading account first if you don’t have one.

 

For more detailed information about promotion please refer to:

INDONESIA FBS Support & Education Office

 

SKYLINE BUILDING 19TH Floor, Sakura Suites

 

Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia

 

Telepon : 021-3430.6161

 

021-3430.6262

 

021-3430.6363

 

Faks : 021-3905141

 

SMS Center : 083871.300.777

Blackberry ID : 25681da8

 

 

FBS wishes you Finance,Freedom and Success in trading!

(Best mini Forex Broker of 2010 - 2011)

fbsmono.png

 

 

 

Stay connected with FBS because its all about you!

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J.P.Morgan: comments on GBP/USD

 

 

The Bank of England’s November meeting minutes are released on Wednesday, November 23 at 9:30 a.m. GMT.

 

Analysts at J.P. Morgan believe that British Monetary Policy Committee will sound extremely dovish. The specialists also think that US Congressional deficit supercommittee won’t come up with the debt reduction steps. As a result, the market’s risk aversion, in their view, will remain very strong. Negative risk sentiment, in its turn, will make sterling decline versus the greenback.

 

According to the bank, it’s necessary to sell GBP/USD in the $1.5785 zone stopping above $1.6000 and expecting the pair to drop to $1.5385.

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Visit our Indonesian office and get a Blackberry!!!

 

 

 

 

 

 

21112946b1ZanJUJNEW1.png

21111257NAJxBBCR.jpg

 

 

 

 

Dear traders!

 

As of today each Indonesian trader has a real chance to win a new Blackberry Torch from FBS.

 

new Blackberry Torch prize draw will be held every month and open only to those who visit our representative office in Jakarta and deposit his FBS account via Indonesian Local Bank Transfer.

 

Please note that you need to open FBS trading account first if you don’t have one.

 

For more detailed information about promotion please refer to:

INDONESIA FBS Support & Education Office

 

SKYLINE BUILDING 19TH Floor, Sakura Suites

 

Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia

 

Telepon : 021-3430.6161

 

021-3430.6262

 

021-3430.6363

 

Faks : 021-3905141

 

SMS Center : 083871.300.777

Blackberry ID : 25681da8

 

 

FBS wishes you Finance,Freedom and Success in trading!

(Best mini Forex Broker of 2010 - 2011)

fbsmono.png

 

 

 

Stay connected with FBS because its all about you!

 

wah,,, really nice if i can win the Blackberry huehue,,,, make more interest the Indonesian trader to visit the office =D let's go visit it and get the Blackberry huehue

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From the desk of FBS analytics and market news:

 

logo_en.png

 

 

Commerzbank: comments on EUR/USD

 

Technical analysts at Commerzbank note that euro’s decline versus the greenback paused ahead of support provided by the level of 78.6% Fibonacci retracement in the $1.3380/60 area.

 

The specialists think that EUR/USD will correct upwards rising to $1.3835/80. Then the bank expects the pair to resume decline moving down to $1.3270 (support line) and $1.3145 (October 4 minimum).

 

Resistance is seen in the $1.4250/85 zone. The long-term target remains at $1.20.

 

Source: http://www.fbs.com/analytics/news_markets/view/11178

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Be Ready...

«999» Demo contest will be start tomorrow...

 

999_en.jpg

 

 

 

The contest will take place during 23.11.11-23.12.11

 

Pre-registration for the contest will be closed today (22.11.11)

 

Don't miss an opportunity to implement their new strategies, test their ideas of investing, be entitled as the best trader and win 555USD, 333 USD and 111USD!

 

 

 

Work with FBS , be friends with FBS and be successful!

 

fbsaward0.jpg fbsaward1.jpg fbsaward2.jpg

Best Mini Forex Broker 2010 - 2011

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From the desk of FBS analytics and market news:

 

logo_en.png

 

 

UBS: forecasts for British pound

 

In the short term the specialists see British pound under pressure versus the greenback as the Bank of England went through additional QE last month.

 

In the medium term, however, UBS expects demand for sterling increase as the UK will act to reduce its budget shortfall and the declining inflation will make the real rates in Britain higher.

 

The bank lifted up its 3- and 6-month forecasts for GBP/USD from $1.48 to $1.52 and from $1.62 to $1.65 respectively. The estimates of EUR/GBP future rate were lowered from 0.88 to 0.85 in 3 months and from 0.83 to 0.81 in half a year.

 

1468cb828bb322972309f1f0b8152e42_500_0_0.jpg

 

Source: http://www.fbs.com/analytics/news_markets/view/11206

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Visit our Indonesian office and get a Blackberry!!!

 

 

 

 

 

 

21112946b1ZanJUJNEW1.png

21111257NAJxBBCR.jpg

 

 

 

 

Dear traders!

 

As of today each Indonesian trader has a real chance to win a new Blackberry Torch from FBS.

 

new Blackberry Torch prize draw will be held every month and open only to those who visit our representative office in Jakarta and deposit his FBS account via Indonesian Local Bank Transfer.

 

Please note that you need to open FBS trading account first if you don’t have one.

 

For more detailed information about promotion please refer to:

INDONESIA FBS Support & Education Office

 

SKYLINE BUILDING 19TH Floor, Sakura Suites

 

Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia

 

Telepon : 021-3430.6161

 

021-3430.6262

 

021-3430.6363

 

Faks : 021-3905141

 

SMS Center : 083871.300.777

Blackberry ID : 25681da8

 

 

FBS wishes you Finance,Freedom and Success in trading!

(Best mini Forex Broker of 2010 - 2011)

fbsmono.png

 

 

 

Stay connected with FBS because its all about you!

 

 

 

 

very interesting prize,,, FBS really good broker,,, so many opportunities and interesting prize,, so, let's come to FBS's office in Jakarta, guys.. and get your Blackberry Torch.. B)

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Commerzbank: comments on AUD/USD

 

Technical analysts at Commerzbank note that Australian dollar breached yesterday support versus its US counterpart in the $0.9929/10 area (August minimum, Fibonacci level).

 

The specialists expect AUD/USD to fall to $0.9688 (78.6% Fibonacci retracement) and plan to take profit at this point. If the bears keep pulling the market, the next downside target will lie at $0.9388 (October 4 minimum).

 

According to the bank, resistance levels are situated at $1.0127 (resistance line), $1.0340 (November 14 maximum) and $1.0445.

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Visit our Indonesian office and get a Blackberry!!!

 

 

 

 

 

 

21112946b1ZanJUJNEW1.png

21111257NAJxBBCR.jpg

 

 

 

 

Dear traders!

 

As of today each Indonesian trader has a real chance to win a new Blackberry Torch from FBS.

 

new Blackberry Torch prize draw will be held every month and open only to those who visit our representative office in Jakarta and deposit his FBS account via Indonesian Local Bank Transfer.

 

Please note that you need to open FBS trading account first if you don’t have one.

 

For more detailed information about promotion please refer to:

INDONESIA FBS Support & Education Office

 

SKYLINE BUILDING 19TH Floor, Sakura Suites

 

Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia

 

Telepon : 021-3430.6161

 

021-3430.6262

 

021-3430.6363

 

Faks : 021-3905141

 

SMS Center : 083871.300.777

Blackberry ID : 25681da8

 

 

FBS wishes you Finance,Freedom and Success in trading!

(Best mini Forex Broker of 2010 - 2011)

fbsmono.png

 

 

 

Stay connected with FBS because its all about you!

 

 

wua,,, the prize is really interesting.... i hope i can get that prize huehue,,, are we must open a new account and deposit in the spot to get the prize?

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Dear traders!

 

Today, 23th of November, your favourite 999 Contest has got started. As of today a new record number of participants has started trading: 1781 traders from all over the world will do their best to be the best.

 

The idea of the contest is pretty simple: each participant gets a demo account with 9999 USD balance in it and 1:100 leverage. You can trade 28 major currency pairs and EAs are allowed.

 

3 participants with the highest balances by the end of the contest period are announced the winners. It will be them who will withdrawable receive prizes from FBS (555 USD, 333 USD, 111 USD). And the contestant with the lowest deposit will get a free FBS MasterCard.FBS wishes all the participants good luck!

 

FBS wishes all the participants good luck!

 

Contestants ranking: http://www.fbs.com/contest/999/participants?type=cur

 

The contest will take place during 23.11.11-23.12.11

 

Contest details: http://www.fbs.com/contest/999

 

 

 

 

Work with FBS , be friends with FBS and be successful!

 

fbsaward0.jpg fbsaward1.jpg fbsaward2.jpg

Best Mini Forex Broker 2010 - 2011

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Consensus Economics: seasonal effect on euro

 

Consensus Economics, a macroeconomic survey firm, notes the demand for the single currency tends to pick up in December. It happens because portfolio managers buy euro as the riskier asset trying to get more profit to make their holdings look better ahead of the year-end.

 

According to the data processed by the company, the European currency usually gains about 0.4% and US dollar retains its value, while Canadian dollar and British pound weaken.

 

Strategists at BMO Capital Markets, however, underline that the euro zone’s debt crisis may change the situation and doubt that in the current circumstances euro will be able to get a lift from the seasonal effect.

 

Some experts say that taking into account everything mentioned above, the market’s pressure on the ECB to ease policy will play the role of euro's rate determinant.

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