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We will run this contest monthly. The contest will take place during 04.10.11-04.11.11

 

Pre-registration for the contest will be open since 19.09.11 till 03.10.11.

 

Hurry up to take part and win!

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Deposit 25%

 

Get a 25% bonus to your deposit!

 

FBS offers a bonus program “25% deposit bonus”.

 

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Commerzbank: franc’s strengthening versus the greenback

 

Swiss franc is declining versus its American counterpart on the talk that the Swiss National Bank may conduct more measures aimed at depreciation of the national currency.

 

The SNB reported that its currency reserves rose from 253.4 billion francs in August to 282.4 billion francs ($306 billion) at the end of September. Last month the central bank pegged franc to euro and pledged to buy unlimited amounts of foreign currencies in order to keep the pair EUR/CHF above $1.20. Many investors now think that the SNB may raise this threshold, notes Commerzbank.

 

It’s necessary to note that the interventions increase the money supply strengthening inflation pressure. Switzerland’s consumer prices added 0.3% in September on the monthly basis after declining by 0.3% in August. The annual CPI growth was 0.5% versus the forecast of 0.3% and 0.2% advance in August.

 

The pair USD/CHF rose from the record minimum at 0.7064 hit on August 9 to the levels above 0.9200. Resistance for the pair is situated at 0.9370 (March 2010 maximum) and 0.9400 (50% retracement of the decline from 2010 to 2011). Support levels are found at 0.9220 (daily minimum), 0.9185 (September 22 minimum) and 0.9145 (October 4 minimum).

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http://i1207.photobucket.com/albums/bb472/abory/2011-10-10_103642.jpg

 

http://www.fbs.com/contest/999/participants

 

Wow!!!! the further course participants are from Russia's balance ...........

For other participants, do not be discouraged, the contest is still three weeks away

Keep Spirit !!!!!

 

 

still three weeks brother before this contest end.

we have still chance to be a winner hehehe

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Analysts about EUR/USD future

2011-10-11 13:54

 

 

Many leading currency experts believe that the Federal Reserve will launch the third round of quantitative easing in order to encourage the national economy and that the greenback will stop strengthening.

 

Analysts at JPMorgan Chase reduced their average forecasts for the greenback in the fourth quarter from $1.3387 to $1.34 per euro and from 77.06 to 76.6 yen. In their view, the Fed may begin discussing QE3 by the end of 2011 and begin asset purchases at the beginning of the next year. The specialists expect EUR/USD to end the year at $1.38 and the USD/JPY – at 75 yen.

 

Strategists at Westpac think that the bears won’t be able to push EUR/USD below $1.30. In their view, the pair will trade at $1.31 at the year-end.

 

All in all forecasters surveyed by Bloomberg project euro to appreciate to $1.40 by the end of 2012. Never the less, there still are those who prefer US currency.

 

Economists at Credit Agricole think that the risk of recession is exaggerated. In their view, in the medium term the greenback would benefit from the fact that US economy is in the better condition than the other major economies. According to the bank, EUR/USD will end the year at $1.33 and then drop to $1.26 by the end of 2012.

 

Analysts at Wells Fargo say dollar will end the year at $1.32 per euro pointing out that they are more optimistic on dollar’s future than on euro’s prospects.

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Dear traders!

 

We are happy to invite you to Forex-seminar in Kuantan on the 22nd of October (Saturday) as part of

FBS Road Tour in Malaysia.

 

Lectures on Forex physiology and Money management, usage of Elliott Wave Principle and trading system will be conducted. In addition to the lectures, FBS has prepared exciting contests, special bonuses and valuable prizes for you.

 

Authoritative analysts and trading experts will answer all your questions and give useful advice on Forex trading strategies. The seminar will be very effective not only for complete beginners but also for experienced traders.

 

Date:

22 October, 2011 (Saturday)

 

Time:

11.00 am – 5.00 pm

 

Venue:

Shahzan Inn Hotel, Puteri Lela Ballroom 2

Lot Pt240, Jalan Bukit Ubi / Jalan Masjid,

25000 Kuantan, Pahang Darul Makmur.

 

Admission is free.

 

Don’t miss your chance to get involved in the focus of Malaysian Forex life!

 

Stay connected with FBS because its all about you!

 

http://www.fbs.com/themes/fbsnew/images/bmfb_en.png

 

_______________________________

FBS - FINANCE FREEDOM SUCCESS

Edited by lanlan
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Deutsche Bank about yen as a refuge

 

Currency strategists at Deutsche Bank note that Japanese currency has depreciated during the last few weeks.

 

The pair USD/JPY kept trading sideways, but it seems that investors are no longer tempted to leave everything for yen assets: there have been foreign equity outflows, and foreign bond buying by the Japanese which weren’t of much help to yen so far.

 

The more important thing is that the declining current account surplus and low interest rates bring the situation in Japan closer to what’s seen in other developed nations.

 

The bank points out that the number of short positions on yen has increased. In their view, that presents an opportunity to resume buying yen and selling US dollar.

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Dear traders!

 

We are happy to invite you to Forex-seminar in Kuantan on the 22nd of October (Saturday) as part of

FBS Road Tour in Malaysia.

 

Lectures on Forex physiology and Money management, usage of Elliott Wave Principle and trading system will be conducted. In addition to the lectures, FBS has prepared exciting contests, special bonuses and valuable prizes for you.

 

Authoritative analysts and trading experts will answer all your questions and give useful advice on Forex trading strategies. The seminar will be very effective not only for complete beginners but also for experienced traders.

 

Date:

22 October, 2011 (Saturday)

 

Time:

11.00 am – 5.00 pm

 

Venue:

Shahzan Inn Hotel, Puteri Lela Ballroom 2

Lot Pt240, Jalan Bukit Ubi / Jalan Masjid,

25000 Kuantan, Pahang Darul Makmur.

 

Admission is free.

 

Don’t miss your chance to get involved in the focus of Malaysian Forex life!

 

Stay connected with FBS because its all about you!

 

http://www.fbs.com/themes/fbsnew/images/bmfb_en.png

 

_______________________________

FBS - FINANCE FREEDOM SUCCESS

 

There's too far from my hometown, i'm waiting FBS make seminar in Indonesia

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