Jump to content

UWC Neeraj

Company
  • Posts

    424
  • Joined

  • Last visited

Everything posted by UWC Neeraj

  1. UWC PRESENTS A NEW STP ACCOUNT United World Capital team continues to streamline its wide range of product and services by creating thought-through, advanced trading options to match every client’s expectations. UWC is honored to present its STP Account -a new leading edge trading account for experienced traders. STP account is now one of the many account types presented to UWC clients: it is a result of innovative work, that includes a consideration of clients’ needs and requirements. It offers more than fifty Forex pairs on the MetaTrader 4 platform. The privileged STP account is oriented towards institutional clients as well as private investors. STP account provides a direct access to liquidity and Interbank pricing. It features the best prices from the top-tier liquidity providers, low spreads, 5 digits pricing and even allows hedging and scalping trading strategies. Open your STP account now and experience unlimited opportunities in Forex trading !
  2. UWC MIRROR TRADER ACCOUNT IS NOW AVAILABLE United World Capital (“UWCFX”) is delighted to inform that our Mirror Trader live account is now available for trading. The Mirror Trading account is an awaited addition to UWCFX's arsenal of trading services. It introduces clients to innovative technologies of Semi-Automatic Mirror Trading, Automatic Mirror Trading or Manual Trading Strategies. Mirror Trader is a unique platform that gathers a wide range of trading strategies developed by experienced traders around the world. These strategies are monitored by strategy developers and are adapted to the market conditions when needed. When using the Mirror Trader platform our clients can look on activities of experienced traders. They can select the most effective strategies, follow them as long as it is needed, and replace them at any time. Each trader can develop its own unique portfolio of effective trading strategies! This platform is a gateway to a professional knowledge database of a wide range of trading strategies, which are, synced across the MetaTrader 4 platform. This means that all trades executed through MT4 will be visible via Mirror Trader and vice versa. Let the Mirror Trader work for you! Open a Mirror Trader Account Now!
  3. 4TH BIRTHDAY OF UWCFX On the 8th of August United World Capital Limited will be celebrating its 4th birthday! It seems like only yesterday UWCFX has made its first step into an amazing world of online trading. Today, after 4 years of our hard work, we are proud to be an integral part of global Forex, Commodities, Shares and Futures markets! We would like to say “thank you” to all our clients for placing your trust in us. Also, on this occasion we have prepared some nice surprises for you! First of all you can take part in our new Facebook contest: “The Best Birthday Video Card for UWCFX”! All you need to do is to prepare a video birthday card for our company. Record your wishes for UWCFX and post the video clip on our Facebook page by the 16th of August. The author of the Best Birthday Video Card will be awarded with a $300 prize. Secondly, you can take part in our “Birthday Gift Lottery” and win a BMW X5 car! In order to participate in the Lottery you need to deposit a minimum $1000 to one of you trading accounts by the 8th of August 2013. Once the deposit is made, you will automatically enter the prize draw, which will take place during the celebrations of the 5th birthday of UWCFX next year! Don’t miss the chance to get a piece of our birthday cake! We sincerely wish you future financial prosperity and good luck in our birthday Contest and the Lottery!
  4. Happy Birthday of the UWCFX : 4 years we work for you! Every year since 2008 on the 8th of August the company United World Capital Ltd. celebrates its birthday! The UWCFX Team is happy to share this important event of the company with the people who believe in us and are ready for a great future improvement. Birthday is not just a holiday, it's time to summarize what we have already done and unquestioningly follow the marked plan. Looking back, we are proud to remember the chronology of the principal events for the last 4 successful working years: The United World Capital Ltd. started working hard in the field of brokerage services at exchange market from the August 2008. Our first confident steps were Registration Company, getting a certification from CySec and settling down the Main office. [media] [/media]2009 year was valuable of certification to go Global, opening a new branch in Singapore and taking part in the ShowFxAsia in Kuala- Lumpur. 2010 year brought Swap Free Accounts available; Affiliate program for our partners, OKpay and CONTACT e-payment methods, UWC Quick cards, participation in Trend's exhibition in Cairo. 2011 year saved in memory the official inauguration of the Malaysian branch office, reducing the minimum deposits for all kinds of trading accounts, execution STP account, adding futures CFD, multi-level business for UWC partners, Currenex platform for guru and rolling in Singapore Forex Expo once again. This current 2012 year is bright with a lot of innovations and updates: the new www.uwcfx.com web-site was launched in short period; the latest in the world of trading platforms MT5 and Mirror Trader were set up one by one, the 5th digits accuracy of the price quotations was added for the REALForex account users, Russian and German versions of the web-site are already available, support in Bengali, Polish and Bulgarian languages provides. Keeping up with the times, the UWC always involved in the most significant events whatever is that a seminar in Bangladesh or exhibitions in Jordan and Egypt. During the whole period of existence the United World Capital Ltd. tried to work for making its clients pleased with permanent bonus programs, exciting contests and attractive promotions. It's a big honour for us to support people who have health problem, to sponsor talent sportsmen (Mairis Briendis) and new technologies (AT). Our priority mission is to provide propitious atmosphere of trading for our clients. Obviously, for past 4 years UWC achieved many goals, but we always strive to the next level and keep new ideas and surprises for him who with us. Regarding the Happy birthday week we would like to say "Thank you" to all our clients for placing your trust in us. Our sincere Congratulation to all of you!! On behalf of the company we prepared a holiday gift for You! Everyone can get through participation in our "Birthday Gift" Lottery and get a BMW car from the UWCFX!!! We sincerely wish you a good luck in the "Birthday Gift" Lottery and future financial prosperity!
  5. United World Capital Limited (UWCFX) is glad to announce the launch of the live MT5 platform and the MT5 Real trading account. The first 100 clients, who download the new platform , open a MT5 Real account and make a minimum deposit of $300* will get a $100 bonus! ** For deposits larger than $500, please contact your Personal Account Manager to negotiate a larger bonus. Any other reasons why you should trade on the MT5 platform with UWCFX? Of course! Our new MT5 Real account offers you the following: • Access to trading operations of several markets: Forex, Futures, Shares and Metals • 5 digit accounts • Leverage up to 1:500 • Access to DOM - Depth of Market Feature • Advanced analytical system, including 3 chart-types, 21 timeframes and over 70 analytical tools • 5 order types and 4 execution modes available for trading • Multicurrency strategy tester giving unlimited possibilities for testing and optimizing traders’ Expert Advisors • Advanced simple MQL5 use: extended data types, structures, classes and easier transfer of C ++ source codes into MQL5 Plus many more unique features! Click here to read more! Please note that trading on the live MT5 platform will be open from 00:01 (GMT+3) on Monday, 16th July! *Applies only for deposits made from external sources. **Trading Credit Policy applies.
  6. UWCFX introduces new trading credit program UWC BONUS CASH OUT PROGRAM – TURN YOUR TRADING BONUS INTO CASH! We would like to inform you that the UWCFX Trading Credit Amnesty program is now replaced by the BONUS CASH OUT program. What does it mean for you? Good news! Now you can get up to $3 per traded lot! Ever wished you could get real cash instead of a virtual bonus? United World Capital now offers you a unique chance! Trade with us and get up to $3 per each traded lot! Whether you are a forex master or a beginner, we can reward you for each lot that you have traded with us! This is the foremost easiest way to get some extra cash. Why don’t you give it a try? Check out how much $$$ extra you can get by trading with UWC. Please note that the BONUS CASH OUT program is not set up by default. Each client who would like to participate in the program has to send an email to [email protected] to claim the bonus cash out. Please also note that our Trading Credit Policy regulates all bonus conditions. For more information, please contact your Personal Account Manager or our Support Department via Live Chat.
  7. About United World Capital Limited United World Capital Limited is an international financial company founded in 2008 with headquarters in Limassol, Cyprus, and offices all over the world from Malaysia to Canada. Company’s main goal is to provide the superb service for the clients interested in Forex (Foreign Exchange) and other financial markets, such as CFD, Futures, and Commodities. As a solid investment platform, United World Capital excels at services like brokerage, insurance, money transfer and currency exchange, with the mission to deliver custom-tailored products, easy to use e-trading tools, instant execution and professional support for its clients worldwide. At the moment the Company is serving clients from more than 150 countries. Regulations United World Capital Limited operates within a strict regulatory framework, which includes being registered as a CIF (Cyprus Investment Firm) with the registration number HE23012 and licensed by CySEC (Cyprus Securities and Exchange Commission) under the license number 093/08, in accordance with the new MiFID (Markets in Financial Instruments Directive). FSA-regulated and registered under the license number 504862 the Company is also a member of the European Investor Compensation Fund, which ensures safety of the clients' deposits. Platforms and Account Types The Company provides access to the 2 most popular and professional trading platforms in the world – MetaTrader4 and Currenex. MetaTrader4 accounts include the following: LiteForex is maintained on a dedicated UWC-Lite.com server with low fixed spreads on the most popular Forex instruments with leverage – 1:500 and 0.01 lots minimum trading volume. RealForex offers live market spreads (starting from 2 pips on a vast variety of trading instruments. It is maintained on a dedicated and powerful UWC-Real.com server offering denomination in the most popular world currencies with leverage – 1:500 and 0.1 lots minimum trading volume. Swap Free (Islamic) Accounts are available only for RealForex account type and is only intended for our clients of Islamic faith. Currenex platform has 2 account types – Viking and Classic. The main feature of Currenex account is the NDD system that offers the highest liquidity and quickest order execution. New functions available on these platforms give traders an opportunity to take an optimal advantage of market movement and improved order execution at lower costs. Multilingual LiveChat: Available 24/5 from Monday to Friday (GMT +2) Platforms: UWC Trader4, UWC Web Trader, UWC i Trader, UWC b Trader, UWC a Trader, UWC Trader 4 Multi Terminal, UWC Trader 4 Mobile, UWC Trader 4 Mobile SE, Currenex Viking, Currenex Classic Headquarters: 22 Georgiou Griva Digheni Street, Limassol, 3106, Cyprus. Other offices: Czech Republic, Germany, Malaysia, Egypt, Canada; official representatives in Russia, China, Mexico, Brazil, Nigeria, Bangladesh, Poland and Bulgaria.
  8. VIDEO MARKET REVIEWS 11 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  9. 11 JANUARY 2013: DRAGHI BOOSTS EURO STRENGTH DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments As expected the European Central Bank (ECB) kept interest rate unchanged at 0,75 % in its board meeting yesterday. In a following up press conference its president, Mario Draghi, offered a carefully worded optimistic view, indicating a turnaround in the euro zone at the end of 2013. His cautious remarks had the EURO to jump 150 basis points against the dollar reaching a one week high at 1.3280. The dollar lost ground against most currencies, but on announcement of Japan’s economic stimulus policies, USD/JPY jumped to 89,35, the highest level seen since June 2010. Asian shares eased back on profit taking this morning on news on higher inflation in China. The annual consumer inflation rate accelerated in December to a seven-month high on higher food prices. The growth in Chinese export and a strengthened balance of trade numbers helped the US indexes towards new highs. Nasdaq and Dow Jones rose 0,45 % with the S&P at its highest level in 5 years. The Asian stock indexes are falling back on Chinese inflation fears. Prime Minister Shinzo Abe announced today that the Japanese government is going to pump USD 150 billion into roads, schools and increased safety for its nuclear plants. These economic stimulus might lead to an increase of 2 % in Gross Domestic Product (GDP) and get Japan out of the vicious deflation spiral. His intended policies have had a very positive impact on Japan’s benchmark Nikkei stock average which climbed a new 1,7 % to a 23 month high. His Keynesian spending measures have, however, been met with criticism from finance traditionalists. The Chinese export numbers and Draghi’s cautious optimism had a positive impact on oil and commodities. Brent crude jumped to USD 112,50 a barrel, but has eased back below 112 on the inflation fears. Spain first bond auction in 2013 raised more money than expected on lower borrowing costs. 10-year Spanish government bond yields fell to a 10-month low at 4,90 %. The result of the auction gave also a boost to the Euro. Gold and silver rose to USD 1672 and 30,85 an ounce respectively. President Barack Obama yesterday appointed his chief of staff, Jack Lew, to succeed Tim Geithner as US secretary of finance. Lew a former Citibank manager and budget expert has also served under President Clinton. The appointment stresses that the focus in US financial and economic policies in the near future will be on the budget and how to tackle the difficult budgetary negotiations between Democrats and Republicans in the US Congress. Copyright: United World Capital
  10. VIDEO MARKET REVIEWS 10 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  11. 10 JANUARY 2013: CHINA BEATS FORECASTS AND RISES EXPECTATIONS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments China’s export grew 14,1 percent compared with December2011 and hit a seven month peak, fresh data revealed. Market expectations were for a 4 percent rise. Import grew 6 % boosting the country’s trade surplus to USD 31,6 billion sharply up from November’s 19,6 and analysts forecasts. The much stronger than expected trade data magnified the positive momentum created by Alcoa’s strong fourth quarterly results Tuesday which boosted Wall Street yesterday. Both Dow Jones and Nasdaq rose with 0,45 % led by Boeing and Hewlett Packard. Asian stocks rise with the Asian Pacific MSCI-index up 0,6 % keeping alive hopes for a recovery in the world’s second largest economy. The export figures also gave a boost to Chinese largest trading partner, Australia. Both the Australian stock index, AXJO, and the Australian dollar was up 0,3 percent. The USD continues to rise against Japanese yen. USD/JPY is trading at 88,10 close to the peak reached last Friday. The dollar/JPY has risen 12 % over the last two months. With determined Japanese quantitative easing this trend is most likely to continue. Massive fiscal spending is set to weaken the yen and create conditions for lifting Japan out of a decade long deflation. Also the Euro/JPY has gained ground and is up 0,1 percent to 114,93 yen. Euro/USD is steady on 1.3146 ahead of today meeting in the European Central Bank (ECB). The Japanese benchmark Nikkei stock exchange extended gains to 0,8 % after a couple of days pause as the yen continued to fall. Copper was up 0,2 %. NYMEX, US crude futures, rose to USD 93,38 a barrel as Chinese data raised hopes for firmer demand for commodities. Brent crude is trading in the interval USD 111 – 112 a barrel. Precious metals, Gold and silver, are trading just below USD 1060 an ounce and USD 30,35 respectively. Copyright: United World Capital
  12. WEEKLY WINNERS OF THE UWC FOREX DEMO CHAMPIONSHIP FOR THE WEEK 31 DECEMBER - 4 JANUARY 2013 United World Capital is pleased to announce weekly winners of the Forex Demo Championship for the week 31 December – 4 January 2013. 1st Place – Prize $1000 goes to: Ninja, acc. 447650 2nd Place – Prize $800 goes to: flower, acc. 447766 3rd Place – Prize $500 goes to: Kevo, acc. 428234 Most Active Trader Award – $100 goes to: luck4trade, acc. 437325 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.
  13. 09 JANUARY 2013: ALCOA OPENS RESULT SEASON WITH PROFIT DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Alcoa, the largest aluminium producer, opened the result season posting a fourth-quarter profit after the closure of the trading session yesterday night. The company expressed cautious optimism that the demand for aluminium will continue to grow in 2013m helped by global growth in aerospace and construction markets. Alcoa-shares rose 1,3 % in after hour trading. The results of the first major company to report results, were welcomed news for investors which breathed a sigh of relief hoping other reporting companies would follow suit. Asian shares rose Wednesday morning after a couple of days of profit taking on optimism on companies fourth quarterly results. The Asian-Pacific MSCI-index and Australia were up 0,4 %. Analysts have been cautious in their forecasts for the fourth quarter which generally is expected to present results in line with the third quarter. The Japanese Nikkei erased Monday’s losses and climbed 0,5 % as the rebound in the USD/JPY lost steam. USD rose from 86,825 yesterday to 87,43 yen to a dollar. The Bank of Japan, BOJ, is considering further monetary easing during its 21-22 January meeting and double the inflation target to 2 %. The EURO/USD is steady on 1.3075 after reaching on 1.3120 yesterday. Euro/Yen is trading at 114,35 off from yesterday’s lows of 113,35. Statistics released yesterday shows that unemployment in the Eurozone continue to raise reaching 11,8 %. Greece and Spain are hardest hit with unemployment on 25 % with alarming number of unemployed between 18 and 25 years reaching above 50 %. The unemployment figures had no immediate effect on the Euro. There is no major news in the Eurozone before the ECB’s (European Central Bank) meeting on Thursday. Oil prices are flat with NYMEX, New York crude, trading at 93.17 and Brent just below USD 112 a barrel. Gold prices have picked up and trade at 1658. There is also a firmer trend in silver trading at 30,44 after reaching a peak on 30,55 yesterday. Copyright: United World Capital
  14. VIDEO MARKET REVIEWS 8 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  15. 08 JANUARY 2013: US AND ASIAN STOCKS FELL ON PROFIT CAUTION DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments US and Asian shares took a break from the new year’s rallies yesterday and this morning on negative anticipations ahead of the corporate earnings season for last quarter of 2012. The aluminum giant, Alcoa, is as usual the first to present its quarterly results later today. The MSCI-index for Asia-Pacific drifted lower and eased 0,3 % after the New Year rally lifted stocks 2 %. Dow Jones were down 0,38 % with Walt Disney and Boeing the big losers. McDonald was on the top of the winning list gaining 1,18 %. In South Korea Samsung Electronics, the world’s number one producer of memory chips and handsets posted a record operating profit on more than 8 billion dollar. Samsung’s guidance is in line with forecasts for quarterly presentation on January 25th. The South Korean KOSPI lost 0,4 % in spite of Samsung’s announcement. Generally there are a cautious attitude towards the fourth quarter presentations. Results are expected to be generally bad. This is going to weigh in on stock markets the coming two – three weeks. The Euro remained firm against the dollar trading in the interval between 1.30 and 1.3035 on speculation that the European Central Bank (ECB) might refrain from signalling more interest cuts when it meets on Thursday. USD/JPY which jumped to 88,40 at the end of last week, gaining more than 10 percent in two months, has corrected over the last two days trading at 87,50 yen to a dollar. The weakening of the yen is a result of speculation that the new Japanese government will push for aggressive monetary easing to fight deflation. Position adjustments are awaited in currencies ahead of the ECB meeting and earnings reports. Euro/USD might gain ground and push back to the 1,3050 level ahead of Thursday ECB meeting. After the strong rally in USD/JPY a downward correction is waited. There is, however, strong technical resistance at 86,50 yen. Copper prices rose to USD 8 096 a tonne on rumours that China’s annual Gross Domestic Product (GDP) has picked up in the last quarter. It is likely to increase to 7,8 %, higher than the general forecast on 7,5 %. China is the world’s biggest consumer of copper and other commodities. Oil prices remain steady with New York crude, NYMEX trading at USD 93 a barrel. Brent is at 111,50. Gold and silver prices stick above USD 1645 and 30 an ounce. Copyright: United World Capital
  16. UNITED WORLD CAPITAL LAUNCHES ITS WEBSITE AND CLIENT CABINET IN LATVIAN LANGUAGE United World Capital (“UWC”) is excited to announce that our site and client cabinet are now available in Latvian language. Currently our website and Client Cabinet are available in English, Russian, German, Spanish, Portuguese, Czech, Malay, Swedish, Chinese, Polish, and now, in Latvian. We are constantly working on enhancing the quality of our services. More languages such as Arabic, Slovak and French, as well as other service developments are planned for nearest future.
  17. VIDEO MARKET REVIEWS 7 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  18. 07 JANUARY 2013: ASIAN STOCKS DRIFT ON PROFIT TAKING DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian stocks drifted on Monday as investors booked profits from a New Year rally pushed market to highs not seen in months. Financial stocks gained after global regulators relaxed draft plans for tougher banking liquidity rules. The Asian Pacific MSCI-index retreated 0,9 % on Friday and was flat today after reaching its highest level since August 2011. The Japanese Nikkei retreated after last week touching a 23-month high. US jobless claims reported in line with expectations on Friday adding 155 000 new jobs. The unemployment rate is at 7,8 % indicating a slow, but steady recovery in the US economy which has propelled Wall Street stocks to a five year high. Minutes from the December meeting of the Federal Reserve, FED, released Thursday led to tumults in global, financial markets having riskier currencies and commodities to plunge. The USD index towards a basket of currencies rose to its highest level in week as the minutes were interpreted as FED is considering to end its bond-buying program as early as this year. The jobless data which strengthen the prospects of economic growth, had a stabilizing effect on commodity and precious metal prices. Gold rebounded from its USD 1625 an ounce level and trades at 1652 in the morning. Also silver has turned from USD 29,50 to 30,30. The dollar is close to a two-and-a-half-year high against the yen as investors adjusted to the possibility of more monetary stimulus from the Bank of Japan (BOJ) and less from FED. The dollar posted a gain on 2,7 % against yen after reaching a 88,40 peak on Friday. USD/JPY is currently trading at 87,941. EURO/USD fell to 1.30 on Friday on the interpretation that monetary easing is about to end. It has recovered over the weekend trading at 1.3032. The US benchmark S&P index, SPX, closed at its highest level since December 2007 on Friday after the publishing of job data which also showed a healthy expansion of jobs in the services sector. For the first time since 2001 the United States dominates the list of places that global real estate investors would prefer to put their money in 2013. A published survey reflects a sharply more optimistic view on the US economy and property market for 2013. New York and London top the list with San Francisco number 3 and Houston, Texas climbing to number 5 with Washington in fourth place. Among countries US is ranked number one followed by Brazil, UK and Turkey. Among emerging countries Brazil is the top spot followed by China, Turkey, India and Mexico. Copyright: United World Capital
  19. VIDEO MARKET REVIEWS 4 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  20. 04 JANUARY 2013: FED MINUTES BOOST USD. STOCKS AND GOLD PLUNGE DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The Wall Street New Year’s rally came to an abrupt end yesterday when minutes from the Federal Reserve, FED’s, December policy meeting put severe questions marks to whether monetary policy stimuli will continue. The minutes were released Thursday and the optimistic markets reacted immediately by sending US and Asian markets down. The USD skyrocketed while commodities and precious metals were in free fall. Euro/USD trades at 1.3034, a 250 basis points fall from the first trading day in January. Gold plunged USD 45 from its new year’s peak, and oil prices lose ground. The released minutes showed that some voting members of FED were increasingly concerned about the potential risks of FED’s asset purchases. The asset-buying policy has been pivotal in underpinning investor risk appetite and supporting global equities. The more hawkish FED minutes unnerved financial markets. Stocks gave up earlier gains and benchmark US Treasury yields rose to a near eight month high having a strong negative impact oil, commodities and equities lifting the dollar. US private sector hiring was pointing upwards before the monthly payrolls report is due later today. The monthly payroll report is one crucial indicator for FED deciding on future policy course. The rise in the dollar hit precious metals and oil especially hard. A firmer dollar makes dollar-based assets more expensive for non-dollar holders. The strong moves in the markets reflect positioning after the recent rallies and before the nonfarm payrolls report which can tip markets either way. While Nasdag and Dow Jones fell moderately, the MSCI index for Asia-Pacific fell 0,8 % after reaching a 19-months high on Thursday. The dollar hit its highest level against Yen since July 2010 at 87,78. The Euro fell to a three week low of 1.3018 against the dollar on Friday. The US dollar index, DXY, touched a four-week high against a basket of major currencies. The fall in the yen will probably continue with 90 yen against USD as likely in the short term. Yen’s fall continues to strengthen Nikkei which is at its highest level since March 2011. Copyright: United World Capital
  21. VIDEO MARKET REVIEWS 3 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  22. 03 JANUARY 2013: EURO FALLS BACK ON PROFIT TAKING DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The relief rally in securities after the US avoided the fiscal cliff, continued in Europe, the United States and Asia this morning. The Dow Jones industrial average jumped 2,35 % to 13 412. Nasdaq reached 3 112 up more than 3 %. The technology and banking sectors posted the biggest gains with Bank of America up 3,7 % and Apple as the winners. The gains came on heavy volumes with funds leaving the bond market entering into equities. 7,8 billion shares were traded against an average of 6.42 billion. The dollar slid against high-yielding currencies with investors selling “safe haven” currencies as dollar and yen on strong risk appetite. The losses in dollar and yen might, however, be temporary. Difficult negotiation on US spending restraints and the debt ceiling are waiting in the wings. The EURO which was favourite among investors in morning hours yesterday, lost all its gain during trading yesterday and plunged 150 points to Euro/USD 1.3136 on aggressive profit taking. Commodities which saw big increases on the budget compromise in expectations on stabile growth, have as well technically corrected with the exception of oil. Brent crude still trades above USD 112,40 a barrel. The compromise agreement on the “cliff” is seen as a victory for President Barack Obama in succeeding to increase taxes on the rich , but set up potentially bruising showdowns between Republicans and Democrats over the next two months on spending cuts and a limit on borrowing. Republicans who on the top are fighting disarray in own ranks with member principally against any tax hikes, were furious that the obtained deal did little to curb the financial deficit. There is a tense atmosphere between the two parties. The Republican House Speaker, John Boehner, is said to have told his Democrat counterparty, Harry Reid, to “go f*** yourself” before a final deal was reached. Asian stocks continued to post gains in morning hours Thursday on hopes for a steady economic revival in China. After Wednesday’s two % jump, the MSCI index for the Asian Pacific was up 0,3 %. Service sector data from China in December point to a healthy recovery. Both the China Enterprise index and Hon Kong’s Hang Sheng are up. A momentum that can last at least for some months seem to be building up. The Japanese yen bounced back after hitting a 29-month low versus USD. Even if USD/JPY looks somewhat overbought any strength in the yen is likely to be short-lived. USD/JPY trades at 87,24. GBP has also fallen back against the dollar, but the trend seems to be in favour of a stronger British pound. The Scandinavian currencies, NOK, SEK and DKK which also boomed on the Congress deal, has technically corrected and fallen back 0,5 to 1 %. Copyright: United World Capital
  23. WEEKLY WINNERS OF THE UWC FOREX DEMO CHAMPIONSHIP FOR THE WEEK 24-28 DECEMBER 2012 United World Capital is happy to announce last winners of 2012 (24-28 of December) for our Forex Demo Championship. 1st Place – Prize $1000 goes to: May Dziy, acc. 440084 2nd Place – Prize $800 goes to: hellboy, acc. 447091 3rd Place – Prize $500 goes to: SULCHATO, acc. 439021 Most Active Trader Award – $100 goes to: Kity, acc. 446708 Congratulations to all winners! Our Championship keeps running in 2013, please join it and win generous prizes! To learn more about results from previous weeks and to track the live results of this week, please click here.
  24. VIDEO MARKET REVIEWS 2 January 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)
  25. 02 JANUARY 2013: FISCAL DEAL GIVES RELIEF RALLY IN STOCKS AND COMMODITIES DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments A compromise in the 24th hour avoided the fiscal cliff at least for now. After tough negotiations running into the new year, Democrats and Republicans succeeded in reaching partial agreement on a threshold which imposes tax increases on incomes above USD 400 000. The “grand deal” of bigger taxes on the rich combined with spending cuts which President Barack Obama aimed for, has been suspended till March. The Senate and the House of Representatives voted during night hours in favor of the compromise deal, which has been difficult to swallow for all parties. The drama around the fiscal cliff which has dominated US and global markets for the last months, has thereby found a temporarily solution. Markets reacted with relief and sent stock markets in Asia to new highs after a bumpy session in the US on New Year’s Eve. Investors shifted between optimism and pessimism till the majority gambled on a deal. Both Dow Jones and Nasdaq posted healthy gains. With president Obama’s signing of the deal this morning that gamble has paid off. The compromise has given global markets a good start on the year in spite of general consensus that major economic and financial challenges have to be dealt with especially the big US deficits and the problems inside the Eurozone. Angela Merkel in her New Year speech reminded that problems inside the Euro-zone by no means had reached an end. The deal in Congress means, however, that there are good chances that the recovery of the US and global economy will continue. Better prospects for still high growth in China will boost global markets. This more positive sentiment is reflected in today’s trades where oil and commodity prices are up in expectations of increased growth. New York crude, NYMEX, is above USD 93 a barrel and Brent crude is above 111. Copper, gold and silver prices are also up. The positive attitude is also reflected in the currency markets where there are increased appetite for more risky currencies as Euro and British pounds. EURO/USD trades at 1.3280 up 100 basis points. USD/GBP is above 1.63. Japanese yen, a “safe haven” currency continues to lose ground against both Euro and the USD. USD/JPY is above 87 yen a dollar. Typical commodity currencies as Australian and Canadian dollar are up together with the Scandinavian; Swedish, Norwegian and Danish krones. Copyright: United World Capital
×
×
  • Create New...