Sharing experience with FBS

[andreyfx]

Good news for IB,

now we can more easy to reach our success with FBS.

 

yes it is good news for the IB and the client FBS

I hope we can be successful with FBS

[firmanta]

correct, and that's one of the advantages possessed by FBS

very rarely has such a good broker FBS

 

yeah, I never find broker like FBS too, that always do the best to make the traders really comfortable to trading with FBS...

[firmanta]

and safer as well, of course

and local banks do not seem to use very long process

yes, although not as fast as using the LR

 

yup, but it's so simple and make us more easier to convert our funds to real money with WD by local bank =D I think it more safer too, to do transaction with our FBS account if we use local bank...

[firmanta]

I think so

brokers rarely hold such a program

FBS may be just such a program is held

 

absolutely, FBS really always do improvement like do many innovation for the traders =D

and this breakeven promotion is really an amazing innovation from FBS

[firmanta]

yes it is good news for the IB and the client FBS

I hope we can be successful with FBS

 

I hope like that too, I'm sure we can get success if we can maximize all the advantages that FBS give for us =D

[anggunjess]

Thats right... I think there are much more trader using micro account than standard.

Hopefully the improvement not only for standard, but next for micro too...

 

our hopes come true sir

FBS is now also update the micro account

thank's FBS

[anggunjess]

yes, breakeven trading is really work to protect our balance from MC. and how shocking when I knew someone also got bonus from FBS because he's the first client who use his beakeven trading.

 

yes it is very unusual, FBS was always a surprise to his client

Mr Muhammad idris A. wahid very lucky

[anggunjess]

yup, I really interested to try this breakeven promotion... I will try this breakeven promotion too... maybe one day this promotion from FBS can help me to get my lost money back =D do you have try this promotion??

 

yes definitely breakeven helps us when we MC

and our funds will be refunded if we have lots volume to meet its

[anggunjess]

★★★ New Office in Indonesia! ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Tuesday, April 3, 2012 - 14:00

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbsindo.jpg

 

 

Dear traders,

 

FBS has expanded its horizons! We are pleased to inform you about new FBS office in Indonesia, Surakarta (Solo)!

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbssolo.jpg

 

Office address: Honggowongso Square, Jalan Honggowongso No.57 Block B6, Surakarta/Solo, Jawa Tengah, Indonesia

 

Telepon/Fax: 0271.632846

 

Welcome!

 

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

congratulations to FBS and the solo people who have had FBS office in solo

hopefully offices in other cities will soon follow

[anggunjess]

Your welcome sist

before it may be impossible to trade first with a comfortable and quiet without fear of losing our money, but now FBS makes it possible

 

you are so right,, FBS was always realize all the dreams of the trader

after FBS provides everything we need for trading, in the hope that we can move forward together and succeed

[riki143]

★★★ FBS improves conditions of Introducing Broker program ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Tuesday, April 3, 2012 - 13:45

 

 

Dear clients!

 

In recent times FBS has considerably improved trading conditions for traders. Now it’s time to please the partners. We are happy to inform you that from the 9th of April partner commission on Micro trading accounts will be fixed and increased to 1.5 pips.

 

Traders with Micro accounts will notice appreciable execution speed increase. Market execution will be available on Micro account as well as on Standard and Unlimited ones. Note please that minimal fixed spreads on Micro accounts will be extended. Spreads during news release and high volatility can still be widened.

 

http://www.taseiger.com/wp-content/uploads/2011/05/jempol5-228x300.jpg

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

wow!! more great news from FBS!!

from the 9th of April partner commission on Micro trading accounts will be fixed and increased to 1.5 pips...congrate for the all FBS IB!!! :)

 

and for the FBStrader in micro account now have more increase speed in market execution as standard acc and unlimited acc...!!!

Edited April 4, 2012 by riki143

[pas]

★★★ New Office in Indonesia! ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Tuesday, April 3, 2012 - 14:00

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbsindo.jpg

 

 

Dear traders,

 

FBS has expanded its horizons! We are pleased to inform you about new FBS office in Indonesia, Surakarta (Solo)!

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbssolo.jpg

 

Office address: Honggowongso Square, Jalan Honggowongso No.57 Block B6, Surakarta/Solo, Jawa Tengah, Indonesia

 

Telepon/Fax: 0271.632846

 

Welcome!

 

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

Nice, FBS more growing in Indonesia.

I am waiting for the representatif from Bandung, Indonesia.

[pas]

a big bonus, always a surprise, fast servers, fast transactions, etc.

that's what makes us comfortable and happy to join the FBS

 

Yup, and to make all clients more comfortable, FBS has making improment for the server. This will make FBS the best! :D

[pas]

yes there is evidence about breakeven after, I believe more and more traders will follow the breakeven trading to protect their funds from the MC

 

Yup, the breakeven trading really work in making trading safety.

[pas]

★★★ FBS improves conditions of Introducing Broker program ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Tuesday, April 3, 2012 - 13:45

 

 

Dear clients!

 

In recent times FBS has considerably improved trading conditions for traders. Now it’s time to please the partners. We are happy to inform you that from the 9th of April partner commission on Micro trading accounts will be fixed and increased to 1.5 pips.

 

Traders with Micro accounts will notice appreciable execution speed increase. Market execution will be available on Micro account as well as on Standard and Unlimited ones. Note please that minimal fixed spreads on Micro accounts will be extended. Spreads during news release and high volatility can still be widened.

 

http://www.taseiger.com/wp-content/uploads/2011/05/jempol5-228x300.jpg

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

This is the best news waiting by all clients, especially for IB FBS.

[⭐ kaito kid]

★★★FBS Quarterly Report ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Wednesday, April 4, 2012 - 10:00

 

http://desmond.imageshack.us/Himg42/scaled.php?server=42&filename=fbsanalysis.jpg&res=medium

Q1 Review

 

Traders will remember Q1 2012 for mixed economic data. On the one hand, US economy kept improving. On the other hand, we got some disturbing news from China and the threat of recession in Europe. Geopolitical risk (Syria) and sovereign debt worries (Europe) were also among the main drives of the global financial activity in the first quarter.

 

American stock markets rallied aiming to return to the levels seen before Lehman Brothers collapse (NASDAQ was up by 18%, S&P was up by 14%). Brent crude oil price remains in the area of 125 dollars per barrel. On the upside oil prices are affected by the Iran, on the downside – by the talks about the potential release of strategic petroleum reserves. Higher prices harm global demand hurting the developed economies.

 

Let’s begin our analysis with a look at how the economies of United States, euro area and China have been performing since the beginning of this year.

 

The United States

 

US GDP growth accelerated from 0.4% (q/q) in the first 3 months of 2011 to 3.0% in the final quarter of the last year.

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/ssha_vvp.png

 

Source: Bureau of Economic Analysis, U.S. Department of Commerce

 

Activity in US manufacturing and services sectors is resilient, and manufacturing output has been gaining pace for the 3 months to March. The situation at US labor market has also improved. By March jobless claims have reached a 4-year minimum, while the nation’s economy has been adding in winter over 200K jobs per month, and unemployment rate fell from 9.0% in September, 2011 to 8.3% in January and February, 2012.

 

However, even in the United States not everything is so bright. First of all, America isn’t isolated from the rest of the world, so China’s landing – soft or hard – and euro zone’s problems will surely affect its state. Secondly, inflationary pressures in the US are slowly picking up, trade deficit is widening, while the housing market is still in trouble.

 

Note that trying to predict the market’s sentiment is a tricky thing. US investors seem to think that American economy may stay away from the issues elsewhere and keep growing. As the global markets represent a really complicated mechanism they may even be right: China’s slowdown does not pose systemic risks for markets in a way the credit crisis would. If it leads to weaker commodity prices, this could ultimately be a positive factor for future growth.

 

Europe

 

Euro zone’s economy contracted in Q4 by 0.3%. Moreover, it’s necessary to note that about a third part of the EA17 nations have already entered recession which is defined as GDP contraction during 2 consecutive quarters.

 

The region’s manufacturing sector suffered a poor March: Manufacturing PMI of the currency union came in at 47.7, a 3-month low and the eighth month in row in which output has shrank. The unemployment rate across the euro area jumped to 10.8% in February, the maximal level in at least 14 years.

 

China

 

Chinese Premier Wen Jiabao cut 2012 growth target to 7.5% from the 8% goal which was in place since 2005 as officials seek to shift the economy toward more consumption. Last year Chinese GDP increased by 9.2%. The Bank of China, however, claimed recently that China’s economic growth will be able to remain over 8% for the whole of 2012.

 

China posted the largest trade deficit in February in at least a decade of $31.5 billion as import growth exceeded that of exports in more than 2 times. The deterioration of China’s trade balance may be explained by lower demand from the euro area which is suffering from the debt crisis as Europe accounts for 20% of all Chinese exports. Taking into account reduced overseas demand it’s possible to expect China’s exports to stay weak at least for the next few months.

 

At the end of March the nation’s PMI data made investors experience mixed feelings: while HSBC Manufacturing PMI was below the critical mark of 50, the official index of purchasing managers turned out to be above this level. Official figures helped to lighten the market’s mood, though the concerns about Chinese slowdown haven’t faded and will likely continue haunting investors’ sentiment.

 

Currency majors in Q1 2012

 

New Zealand’s dollar was the best performing G20 currency this quarter, rising more than 5% against the greenback. Japanese yen performed the worst, falling more than 7% versus US dollar.

 

American currency lost to all its major counterparts except yen (due to monetary stimulus by the Bank of Japan). The greenback was weakening in January and February and then retraced some of its losses in March.

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/pairs.png

 

 

Q2 prospects

 

Euro

 

European policymakers have finally started showing real efforts in combating the crisis in the first quarter. There was the Greek restructuring deal, approval of the second bailout to Greece and expansion of the anti-crisis firewall.

 

However, significant risks still exist. Among them one may cite the risks of/that:

 

- Potential euro zone’s economic slowdown and recession;

- Defaults of other indebted European economies;

- The size of the bailout funds may turn out to be insufficient;

- Of implementation associated with the European rescue and reform packages.

 

The first risk seems to be the most severe. As the so-called PIIGS countries have to conduct severe austerity measures, it becomes more and more difficult for them to restore their competitiveness that is leading to social unrest. Combined with the electoral cycle in these countries, the political landscape is shifting to right wing nationalist parties. If these parties are successful, the implementation risks surrounding these austerity programs will be escalated. French presidential elections on April 22 and May 6 could also be a catalyst for intensifying trouble.

 

As a result, despite the political progress made so far it’s really hard to find in Europe some drivers which are capable to trigger the growth of the single currency in the medium term.

 

US dollar

 

One may say with high certainty that the greenback’s performance will depend primarily on further actions of the Federal Reserve. The main question remains the same: will the Fed launch QE3 to promote economic growth or not?

 

In March the Fed’s Chairman Ben Bernanke acknowledged the US economic improvement, but underlined that the option of more quantitative easing should be left open, because the economy isn't strong enough to continue quickly reducing unemployment. Bernanke doesn’t expect jobless rate to keep declining. The policymaker warned that the recent signs of improvement at the labor market may be the result of statistical errors.

 

Some experts also note that the market has began expecting too much from US economy and, consequently, may be easier disappointed if the actual data fails to exceed the forecasts which tend to get higher and higher.

 

Another important development is that the inverse relationship between US dollar and investors’ risk appetite started to fade. Never the less, don’t hurry to take risk. We see steady growth for American currency possible only if QE3 is completely taken out of the Fed’s agenda and that isn’t very likely in Q2.

 

In addition, US GDP growth may have slowed in the first quarter. Don’t forget about the negative effects of higher oil prices which may increase inflationary pressure and the fact that tax cuts are set to expire by the end of the year.

 

British pound

 

UK economy is still having a lot of problems and consumer sentiment is weak as high unemployment and weak wage growth don’t encourage British to spend.

 

At the same time, there are some positive things ahead: Diamond Jubliee and Olympics will certainly support the nation’s economy. UK inflation is also expected to decline further which would make consumers feel better. In addition, Britain’s Manufacturing and Construction PMIs posted the readings above 50 in March beating the forecasts pointing at the expansion of these industries.

 

If GBP/USD manages to steady itself above the 200-week MA, its chances to continue growth will significantly increase. Remember, though, that Britain is strongly affected by the situation in the euro area, its main trading partner, so the downside risks still seem considerable.

 

Japanese yen

 

Japanese yen has weakened versus the greenback in Q1 as the Bank of Japan has given in to political pressure increasing in February its asset-purchase program by 10 trillion yen ($128 billion) and setting an inflation target at 1%. The greenback on its part was driven by the rising yields in the United States (10-year Treasury yields added 27 basis points).

 

USD/JPY has managed to break above its long-term downtrend leaving the range within which it was trading in the second quarter of 2011. The pair consolidated above 100-week MA. We’ll get a bullish signal if the weekly Ichimoku Cloud switches upward.

 

Note though that April has been traditionally a good month for the yen because domestic investors tend to transfer funds abroad the start of the fiscal year after the March repatriation. However, this year the demand for yen wasn’t that high as Japanese importers were selling large amounts of the national currency –

 

Japan has to import much nowadays (energy resources). So, yen’s expected to weaken modestly due to the BOJ’s loose policy, weak fundamentals and an increase in risk appetite – the factors which don’t encourage demand for yen as a safe haven.

 

Swiss franc

 

Although euro zone sovereign debt crisis hurts Swiss exports, Switzerland may avoid contraction with the help of relatively resilient domestic demand. Swiss fundamentals remain very strong: the nation has balanced the fiscal account, public debt is declining and government bond yields are lower than in Germany and the US.

 

The nation’s economy has regained some strength: investors’ confidence rose for the third month in March. Foreign sales, adjusted for inflation and seasonal swings, increased by 9.2% in February (m/m). The Swiss National Bank raised 2012 GDP growth forecast from 0.5% to 1%.

 

The SNB’s EUR/CHF floor at 1.2000 helped to stabilize Swiss franc. Market participants expressed enough confidence to this level and we have seen the pair’s trading range narrow to the levels between 1.2000 and 1.2100.

 

At the same time, deflation remains a considerable threat which could push Swiss economy into recession. If deflationary pressures intensify in the coming months, the SNB will likely opt to raise the currency floor, though with oil prices rising steadily year-to-date, the likelihood of such outcome has diminished. Swiss consumer prices rose by 0.3% in February after decreasing by 0.4% in January.

 

Australian dollar

 

Australia is heavily influenced by China’s business cycle. Speculation that China may experience a harder landing than expected weighted on the Aussie dollar this quarter and will likely continue to do so.

 

Many economists expect the Reserve Bank of Australia to cut rates in May. The central bank itself decided to take a “wait-and-see” approach intending to take into account the first-quarter CPI data (released on April 24). In March the nation’s consumer prices rose by 1.8% (y/y) showing the slowest pace since October 2009.

 

In addition, Australian annual budget is released on May 10. If the signal from the budget is deep fiscal cuts, the RBA will likely be forced to ease monetary policy to accommodate tighter fiscal conditions.

 

Canadian dollar

 

Canadian economy grew in line with forecast at 0.1% in January. Although the nation’s GDP growth has slowed from the last quarter of 2011, its economic outlook seems optimistic as it gains from US growth and higher oil prices.

 

As Canada released the spending plan with a goal to balance the country’s budget in 2014-2015 and achieve surplus in 2015-2016, S&P confirmed Canadian top credit rating – the factor which makes Canada stand out among G10 nations. As a result, loonie has all chances to continue gradual appreciation.

Forecasts from major banks

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/prognozy_30.03.png

 

Data was submitted on March 30, 2012.

Source: FX Week

 

 

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

[yacksyfx]

★★★ New Office in Indonesia! ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Tuesday, April 3, 2012 - 14:00

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbsindo.jpg

 

 

Dear traders,

 

FBS has expanded its horizons! We are pleased to inform you about new FBS office in Indonesia, Surakarta (Solo)!

 

http://i1219.photobucket.com/albums/dd424/registerupload/fbssolo.jpg

 

Office address: Honggowongso Square, Jalan Honggowongso No.57 Block B6, Surakarta/Solo, Jawa Tengah, Indonesia

 

Telepon/Fax: 0271.632846

 

Welcome!

 

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

congratulations to the FBS that has opened another office in the solo

and of course this is very encouraging to clients who are in solo FBS

[yacksyfx]

Your welcome sist

before it may be impossible to trade first with a comfortable and quiet without fear of losing our money, but now FBS makes it possible

 

yes maybe it is just a dream first traders

but now that dream has been embodied by FBS

[yacksyfx]

a big bonus, always a surprise, fast servers, fast transactions, etc.

that's what makes us comfortable and happy to join the FBS

 

yes and all we want is already in FBS

so what do we doubt the FBS

[yacksyfx]

yup, but it's so simple and make us more easier to convert our funds to real money with WD by local bank =D I think it more safer too, to do transaction with our FBS account if we use local bank...

 

yes of course we are safer to use a local bank

but for now I'm still comfortable using the LR

because I have not been consistent profit

[yacksyfx]

yes definitely breakeven helps us when we MC

and our funds will be refunded if we have lots volume to meet its

 

right before we get insurance

we have to meet a lot depends on how much volume and we will insure

[riki143]

★★★FBS Quarterly Report ★★★

http://img.photobucket.com/albums/v466/rodny/GarisSinar.gif

Wednesday, April 4, 2012 - 10:00

 

http://desmond.imageshack.us/Himg42/scaled.php?server=42&filename=fbsanalysis.jpg&res=medium

Q1 Review

 

Traders will remember Q1 2012 for mixed economic data. On the one hand, US economy kept improving. On the other hand, we got some disturbing news from China and the threat of recession in Europe. Geopolitical risk (Syria) and sovereign debt worries (Europe) were also among the main drives of the global financial activity in the first quarter.

 

American stock markets rallied aiming to return to the levels seen before Lehman Brothers collapse (NASDAQ was up by 18%, S&P was up by 14%). Brent crude oil price remains in the area of 125 dollars per barrel. On the upside oil prices are affected by the Iran, on the downside – by the talks about the potential release of strategic petroleum reserves. Higher prices harm global demand hurting the developed economies.

 

Let’s begin our analysis with a look at how the economies of United States, euro area and China have been performing since the beginning of this year.

 

The United States

 

US GDP growth accelerated from 0.4% (q/q) in the first 3 months of 2011 to 3.0% in the final quarter of the last year.

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/ssha_vvp.png

 

Source: Bureau of Economic Analysis, U.S. Department of Commerce

 

Activity in US manufacturing and services sectors is resilient, and manufacturing output has been gaining pace for the 3 months to March. The situation at US labor market has also improved. By March jobless claims have reached a 4-year minimum, while the nation’s economy has been adding in winter over 200K jobs per month, and unemployment rate fell from 9.0% in September, 2011 to 8.3% in January and February, 2012.

 

However, even in the United States not everything is so bright. First of all, America isn’t isolated from the rest of the world, so China’s landing – soft or hard – and euro zone’s problems will surely affect its state. Secondly, inflationary pressures in the US are slowly picking up, trade deficit is widening, while the housing market is still in trouble.

 

Note that trying to predict the market’s sentiment is a tricky thing. US investors seem to think that American economy may stay away from the issues elsewhere and keep growing. As the global markets represent a really complicated mechanism they may even be right: China’s slowdown does not pose systemic risks for markets in a way the credit crisis would. If it leads to weaker commodity prices, this could ultimately be a positive factor for future growth.

 

Europe

 

Euro zone’s economy contracted in Q4 by 0.3%. Moreover, it’s necessary to note that about a third part of the EA17 nations have already entered recession which is defined as GDP contraction during 2 consecutive quarters.

 

The region’s manufacturing sector suffered a poor March: Manufacturing PMI of the currency union came in at 47.7, a 3-month low and the eighth month in row in which output has shrank. The unemployment rate across the euro area jumped to 10.8% in February, the maximal level in at least 14 years.

 

China

 

Chinese Premier Wen Jiabao cut 2012 growth target to 7.5% from the 8% goal which was in place since 2005 as officials seek to shift the economy toward more consumption. Last year Chinese GDP increased by 9.2%. The Bank of China, however, claimed recently that China’s economic growth will be able to remain over 8% for the whole of 2012.

 

China posted the largest trade deficit in February in at least a decade of $31.5 billion as import growth exceeded that of exports in more than 2 times. The deterioration of China’s trade balance may be explained by lower demand from the euro area which is suffering from the debt crisis as Europe accounts for 20% of all Chinese exports. Taking into account reduced overseas demand it’s possible to expect China’s exports to stay weak at least for the next few months.

 

At the end of March the nation’s PMI data made investors experience mixed feelings: while HSBC Manufacturing PMI was below the critical mark of 50, the official index of purchasing managers turned out to be above this level. Official figures helped to lighten the market’s mood, though the concerns about Chinese slowdown haven’t faded and will likely continue haunting investors’ sentiment.

 

Currency majors in Q1 2012

 

New Zealand’s dollar was the best performing G20 currency this quarter, rising more than 5% against the greenback. Japanese yen performed the worst, falling more than 7% versus US dollar.

 

American currency lost to all its major counterparts except yen (due to monetary stimulus by the Bank of Japan). The greenback was weakening in January and February and then retraced some of its losses in March.

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/pairs.png

 

 

Q2 prospects

 

Euro

 

European policymakers have finally started showing real efforts in combating the crisis in the first quarter. There was the Greek restructuring deal, approval of the second bailout to Greece and expansion of the anti-crisis firewall.

 

However, significant risks still exist. Among them one may cite the risks of/that:

 

- Potential euro zone’s economic slowdown and recession;

- Defaults of other indebted European economies;

- The size of the bailout funds may turn out to be insufficient;

- Of implementation associated with the European rescue and reform packages.

 

The first risk seems to be the most severe. As the so-called PIIGS countries have to conduct severe austerity measures, it becomes more and more difficult for them to restore their competitiveness that is leading to social unrest. Combined with the electoral cycle in these countries, the political landscape is shifting to right wing nationalist parties. If these parties are successful, the implementation risks surrounding these austerity programs will be escalated. French presidential elections on April 22 and May 6 could also be a catalyst for intensifying trouble.

 

As a result, despite the political progress made so far it’s really hard to find in Europe some drivers which are capable to trigger the growth of the single currency in the medium term.

 

US dollar

 

One may say with high certainty that the greenback’s performance will depend primarily on further actions of the Federal Reserve. The main question remains the same: will the Fed launch QE3 to promote economic growth or not?

 

In March the Fed’s Chairman Ben Bernanke acknowledged the US economic improvement, but underlined that the option of more quantitative easing should be left open, because the economy isn't strong enough to continue quickly reducing unemployment. Bernanke doesn’t expect jobless rate to keep declining. The policymaker warned that the recent signs of improvement at the labor market may be the result of statistical errors.

 

Some experts also note that the market has began expecting too much from US economy and, consequently, may be easier disappointed if the actual data fails to exceed the forecasts which tend to get higher and higher.

 

Another important development is that the inverse relationship between US dollar and investors’ risk appetite started to fade. Never the less, don’t hurry to take risk. We see steady growth for American currency possible only if QE3 is completely taken out of the Fed’s agenda and that isn’t very likely in Q2.

 

In addition, US GDP growth may have slowed in the first quarter. Don’t forget about the negative effects of higher oil prices which may increase inflationary pressure and the fact that tax cuts are set to expire by the end of the year.

 

British pound

 

UK economy is still having a lot of problems and consumer sentiment is weak as high unemployment and weak wage growth don’t encourage British to spend.

 

At the same time, there are some positive things ahead: Diamond Jubliee and Olympics will certainly support the nation’s economy. UK inflation is also expected to decline further which would make consumers feel better. In addition, Britain’s Manufacturing and Construction PMIs posted the readings above 50 in March beating the forecasts pointing at the expansion of these industries.

 

If GBP/USD manages to steady itself above the 200-week MA, its chances to continue growth will significantly increase. Remember, though, that Britain is strongly affected by the situation in the euro area, its main trading partner, so the downside risks still seem considerable.

 

Japanese yen

 

Japanese yen has weakened versus the greenback in Q1 as the Bank of Japan has given in to political pressure increasing in February its asset-purchase program by 10 trillion yen ($128 billion) and setting an inflation target at 1%. The greenback on its part was driven by the rising yields in the United States (10-year Treasury yields added 27 basis points).

 

USD/JPY has managed to break above its long-term downtrend leaving the range within which it was trading in the second quarter of 2011. The pair consolidated above 100-week MA. We’ll get a bullish signal if the weekly Ichimoku Cloud switches upward.

 

Note though that April has been traditionally a good month for the yen because domestic investors tend to transfer funds abroad the start of the fiscal year after the March repatriation. However, this year the demand for yen wasn’t that high as Japanese importers were selling large amounts of the national currency –

 

Japan has to import much nowadays (energy resources). So, yen’s expected to weaken modestly due to the BOJ’s loose policy, weak fundamentals and an increase in risk appetite – the factors which don’t encourage demand for yen as a safe haven.

 

Swiss franc

 

Although euro zone sovereign debt crisis hurts Swiss exports, Switzerland may avoid contraction with the help of relatively resilient domestic demand. Swiss fundamentals remain very strong: the nation has balanced the fiscal account, public debt is declining and government bond yields are lower than in Germany and the US.

 

The nation’s economy has regained some strength: investors’ confidence rose for the third month in March. Foreign sales, adjusted for inflation and seasonal swings, increased by 9.2% in February (m/m). The Swiss National Bank raised 2012 GDP growth forecast from 0.5% to 1%.

 

The SNB’s EUR/CHF floor at 1.2000 helped to stabilize Swiss franc. Market participants expressed enough confidence to this level and we have seen the pair’s trading range narrow to the levels between 1.2000 and 1.2100.

 

At the same time, deflation remains a considerable threat which could push Swiss economy into recession. If deflationary pressures intensify in the coming months, the SNB will likely opt to raise the currency floor, though with oil prices rising steadily year-to-date, the likelihood of such outcome has diminished. Swiss consumer prices rose by 0.3% in February after decreasing by 0.4% in January.

 

Australian dollar

 

Australia is heavily influenced by China’s business cycle. Speculation that China may experience a harder landing than expected weighted on the Aussie dollar this quarter and will likely continue to do so.

 

Many economists expect the Reserve Bank of Australia to cut rates in May. The central bank itself decided to take a “wait-and-see” approach intending to take into account the first-quarter CPI data (released on April 24). In March the nation’s consumer prices rose by 1.8% (y/y) showing the slowest pace since October 2009.

 

In addition, Australian annual budget is released on May 10. If the signal from the budget is deep fiscal cuts, the RBA will likely be forced to ease monetary policy to accommodate tighter fiscal conditions.

 

Canadian dollar

 

Canadian economy grew in line with forecast at 0.1% in January. Although the nation’s GDP growth has slowed from the last quarter of 2011, its economic outlook seems optimistic as it gains from US growth and higher oil prices.

 

As Canada released the spending plan with a goal to balance the country’s budget in 2014-2015 and achieve surplus in 2015-2016, S&P confirmed Canadian top credit rating – the factor which makes Canada stand out among G10 nations. As a result, loonie has all chances to continue gradual appreciation.

Forecasts from major banks

 

http://www.fbs.com/sites/default/files/image/analysis/April2012/04_04_12/prognozy_30.03.png

 

Data was submitted on March 30, 2012.

Source: FX Week

 

 

 

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

 

http://i1219.photobucket.com/albums/dd424/registerupload/awa_2010.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/logo_en.pnghttp://i1219.photobucket.com/albums/dd424/registerupload/awa_2011.png

Best Mini Forex Broker 2010 - 2011

 

Thanks alot for the share @kaitokid...this information verry usefull for us...

FBS always give us the detail of information to help us see the market direction.

[maory82]

and safer as well, of course

and local banks do not seem to use very long process

yes, although not as fast as using the LR

 

Yes, you are right.

For processing our withdrawal LR is the faster,

but if we think about change into our currencies,

local bank is more simple than LR.

[maory82]

yes it is good news for the IB and the client FBS

I hope we can be successful with FBS

 

If we do our best,

I believe that we will success with FBS,

because FBS has prepare all we need to get comfortable trades.

And to reach our success.

[maory82]

yeah, I never find broker like FBS too, that always do the best to make the traders really comfortable to trading with FBS...

 

The one broker who always cares to their client,

not reach the successful its self,

but want success together with their client.