Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?
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Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?
The Fed representatives still claim that dollar’s weakening during the last months has been ordered and stable. That means in case the currency looses a few more positions that would not cause trouble to the US economy and would not force Fed stray from their present policy and turn to money toughening policy.
Analysts have already warned that at this week might have a huge potential. Euro, at last, has punched the bewitched level of 1.500 against dollar, and in general the American currency has had huge losses. First of all, such dynamics is defined by “lazy” market typical for holiday weeks. The second thing is already familiar to all: diversification of currency reserves which has stepped on the stage again after Russia’s announcement that they will consider Canadian dollar as a reserve currency. Now the main question is: what happens next? Whether dollar will be able restore its positions with the beginning of new week and after leaving alone the debates over currency diversification? We are ready to believe that as it is necessary to remember that in such hard times countries don’t want to have expensive national currency and if the euro goes further, officials will probably make some interventions.
Besides all of that, dollar’s weakness was caused by less attention to the currency and more attention paid to risky assets in response to positive economic data from the US and Europe (particularly Germany).
Well, i though it is a common thing that companies avoid tax paying =) but the question here is if they comply with the laws of offshore and if they perform properly...
Strange situation on the course eur / usd. Yesterday there were good data on news from the U.S., so the application for unemployment benefits declined and sales of new homes have increased, the dollar had strengthened, but there was strong euro. Who can explain this situation?
Well, actually there dollar was not that strong - all focused on gold and euro (BTW, euro strengthened due to european central bank monetary policy and economic figures from the US) - nothing surprising... tomorrow everything will change
Today it would be better to refrain from any significant trading steps as it seems quite difficult to forecast market dynamics in view of lax of market participants. Here are two major options: either everything will stay almost the same, or we should expect a considerable breakthrough as we have seen it with euro. For about a month the European currency has trying to hit 1.500 point and finally managed to do that.
But this happened hardly thanks to positive economic data from EU countries. Market moods have been forced mostly by economic data coming from the USA and weaker dollar.
Now we can only wait and see.
It is not a news but from yesterday till today dollar has been falling up to its 15-month's minimum, and EUR/USD made up at 1.51 - another strategic point for euro (really strange).
Anaylsts claim this happened due to (oh, again!) negative data from the USA, and moreover they predict further dollar fall and euro strengthening.
Today eur/usd shows volatility but still it's around 1.51
http://www.youtube
.com/watch?v=CJqDT
sfb1CQ
Email:allfakeids@y
ahoo.com
ICQ:573080185
hola to my spanish speaking friend are hello to my english speaking
pals i have some very neet stuff your welcome to add me and we talk
about things ok
10 ***** without pin = 300usd
10 ***** with pin = 350usd
Western union transfers = 1000usd for 150usd
bank transfers = 1000usd for 130usd
bank logins US,UK = as low as 150usd
msr606 = 200usd
All fake ids = 130usd
visa, master card embossing templates = 120usd for 3
USA passports = 100usd
teaching how to emboss your own credit cards and drivers liscense = 200
visa and master card already embossed = 150usd
Western union bug 2009 120usd
Email:allfakeids@y
ahoo.com
ICQ:573080185
http://www.youtube.com/watch?v=CJqDTsfb1CQ
Dear Andrea,
There is no problem with law. Brokers willingly register in offshore financial centers because of tax optimization. Like any other company we want to minimize taxpaying. Nothing illegal. This is a common practice when financial companies (as well as companies of any other sort) go offshore.
While Americans were enjoying their turkey, financial markets performed a strange scene: Dubai's government announced its intention to restructure its state financial fund Dubai World. This piece of news caused some concerns and worries in the market, which forced dollar up against euro and, hence, gold lost a few cents.
Thus, markets have all rights to give back dollar its power and once again to make it the most reliable currency.
We shall wait and see
with all that it is unlikely that world economy will recover soon. Three main variants: buy euro or gold or dollar - at least one of them will go up
Last Thursday dollar gained much of its lost positions making new trend by EUR/USD which is believed since then will be falling.
Investors are still focused on Dubai World problem (Dubai State Fund responsible for external debt – the company owes over 59 billion dollars to British government) performing risk-aversion and leaving stock market aside.
Probably this dynamic of the last will remain the same at the beginning of a new one.
Hello Liteforex representatives, I just learning forex. Las Friday I was going to do a buy trade on EUR but confused buttons in the terminal and clicked Sell instead of Buy. I didn’t want to sell EUR at all. Price was at 1.4855 and now it’s higher than 1.500. How can I cancel that trade cuz it was just a mistake?
Dear Irochka19,
Unfortunately we cannot help you in this situation even if you confused buttons by mistake. Once opened the trade can be canceled only by taking the opposite trade. It means that you have to do a Buy side trade to close your position and fix the losses. There is an alternative – you can wait for the price go down. But this can be very dangerous.
Monday, November 30th - Forex trades show advantage of the European currency over dollar. Demand for risky assets has grown again against the safe prospects Dubai Worlds debt problem: in the end of the past week, the largest state conglomerate Dubai Worlds has asked its creditors for delay in payments, which had provoked nervousness of the investors who have seen in these messages serious threat to European and American banks.
At the moment the former heat is gone, however negative influence still remains. The central bank of the United Arab Emirates announced its readiness to support Dubai Worlds’ creditors. Also emergency financing mechanism has been created to support necessary bank liquidity level, which is of vital importance for recovering economies.
Monday’s macroeconomic data reflect the mixed views. In October the fall of industrial production in Japan was a big surprise: 0.5% against 2.1% in September. Data from UK, as a whole, did not much support pound.
In practice markets are very timid, and can forget almost anything. Several days ago traders believed that world economy recovery is not far off, however Dubai occasion has at once broken all hopes. Demand for dollar as currency-refuge was so great, that it has helped dollar to win recognition in the markets. The new trend was supported also by that fact that Friday’s trades remained very “thin”, as the majority of players did not enter the market after Thanksgiving.
Despite the lax of economic data from the USA, Friday’s events have a great value. The point is that in the United States this day large retail companies offer very big discounts for the goods which forces many Americans to cluster in front of shops since early morning. Hence, depending on the data coming from the US soon on the American domestic demand and Americans’ propensity to spend we may face either economic growth or the next “wave” of crisis as if Americans do not perform much trust to dollar it may break down the biggest economy in the world.
Daer irochka19, we are sorry for the problems you've faced lately, but let's clear up a few things. First of all, this is not LiteForex who made and invented MetaTrader Platform, but it's MetaQuotes Company.
Secondly, in case you've made such a mistake you should have closed your position, not wait for four days till it's getting worse.
From now you can only open new position to counter your former loses
On Tuesday, December 1st, Forex market again shows growth of the European currency against dollar. The heated debates on Dubai World problem gradually ended, and though negative influence still remains, risky currencies are in demand again thanks to increase of liquidity which ECB and other banks continue to pump up in the markets. Nevertheless, experts consider this dynamics quite sceptically. In general, the macroeconomic image remains the same. Only some sectors of economy show growth, however it is caused by the governmental support, there are no real investments in the economy. At the same time, fears concerning next steps of policymakers towards current monetary policy. It is quite probable, that the situation with Dubai Worlds can occur once again, and that in the future some other company will request for financial help in order to settle of multi-billion debts.
Meanwhile, macroeconomic data came out, in general, according to expectations. The reserve Bank of Australia has raised interest rate to 3.75%. Volumes of retails in Germany have shown planned growth by 0.5 %. The Rate of unemployment in the Eurozone in October has risen to 9.8%. It is likely, that current ascending dynamics of euro will remain up to Thursday when the next portion of the important data among which gross national product gain in the Eurozone for 3 quarter 2009, unemployment in the USA.
European stock platform finished the first day of winter increases on 1,5-2%. Novelty "number one" was the improvement in public funds Dubai World, which began negotiations with creditors. Statistics also did not disappoint. For example, China has a dynamic industrial growth. Investors are now waiting for an increase in demand for commodities, so the price of oil went up. In London, the cost of a barrel of oil Brent went up to $ 79. Not lag behind and gold, which met in December a new record - $ 1200 per troy ounce. A very American currency - in free fall: Euro entrenched above the 1.51 dollar mark.
November 15th and 16th, 2009 - the international exhibition ShowFxAsia took place in Kuala Lumpur (Malaysia), LiteForex Group became a ShowFxAsia Award winner.
The geographical factor was a determinant when has been made a decision to participate in the exhibition because more than 30% of all traders who always work with LiteForex Group are Malaysian residents. “Direct contacts with clients” was one of the key objectives of the presence of LiteForex Group in ShowFxAsia in Kuala Lumpur.
“Preparing for the exhibition, we expected to get assessments of our services and our work with clients because it is impossible to choose the right direction of our further development without such assessments”, said Yuriy Voloshin, CEO of “Trend Line” Ltd., representing LiteForex in Russia. “This objective was completely achieved: we got the necessary information from our real and would-be clients for the further correction of the group of companies’ activity. In addition, the good assessments of services and work of LiteForex Group from the Malaysian traders who collaborate with us were as a peculiar pleasant bonus.”
During the two days of ShowFxAsia in the pavilion of LiteForex Group it was possible not only to get to know trading conditions, the presence of representatives in Malaysia, the advantages, the account types but also to get all information about the support team. The group of companies’ managers also represented the services of opening a trading account and the instant deposit into it in real time. This presentation was in popular demand especially on the second day of exhibition. According to LiteForex Group specialists, “the most part of clients who opened the accounts on the second day of the exhibition did it following their friends’ advice, people who have already worked with the LiteForex group of companies”. According to the promotion “Open a trading account right now!” which was organized on the exhibition, 10 USD were deposited into each opened trading account for every new client to begin trading.
The clients who opened trading accounts during the exhibition also received the set of *****-name gifts which contained umbrellas, flesh cards, T-shirts, pens and calendars. The bonus-cards of different value ($500, $200, $100, $50, $30 and $10) were much in demand among the exhibition visitors and these cards also were the exclusive gifts from LiteForex Group.
“During the two days of exhibition the visitors could become participants of hourly lottery, raffling gifts presented by the companies-participants of the exhibition”, Yuriy Voloshin added. “The bonus amounts equal to $500 charged to trading accounts were drawn on behalf of our company”.
About the company:
Straighthold Investment Group, Inc. is presented by the well known LiteForex trade mark and thus is a part of the LiteForex group of companies. Placing financial assets on Forex, foreign exchange market, on world Stock Markets, on precious metals and Futures markets as well as providing brokerage services are among the basic activities of the LiteForex group of companies.
LiteForex company website – www.liteforex.org
European finance ministers meeting in Brussels the European Commission approved proposals to create new bodies to monitor the activities of banks. Decisions in these organizations will be taken by simple majority.
The idea to tighten the supervision and control over the banks came after the bankruptcy of Lehman Brothers and American broke then the crisis. But a compromise was not easy: Britain was opposed to the project, fearing that excessive regulation by the EU would go against the interests of individual countries of the Union. Before the meeting "Ecofin" British Finance Minister Alistair Darling urged his colleagues not to get involved in the regulation, so as not to cause damage to London, the financial center of the European Union. Darling recalled that in Europe only London can equal konkuririrovat to New York in this field.
I wonder how it will react to the currency. Apparently dissatisfied with the finance ministers of the monetary policy pursued by banks.
On December the 2nd, 2009 Forex market once again shown an ascending trend of the european currency. Demand for risky assets has increased again, after Dubai World problem was settled. In particular, the conglomerate has decided to conduct re-structuring of its assets having a total debt equal to 26 bln. dollars. Euro was also supported by quite good macroeconomic data which was published on Tuesday, December the 1st. Thus, in October volumes of retails in Germany in demonstrated growth by 0.5% monthly. Business activity index increased as well in November compared to that in October.
Thus, as a whole, the macroeconomic situation remains substantial mostly owing to government support. Nevertheless, there were some serious problems. The situation on a labour market remains extremely intense, both in the USA, and in Europe. There are also not enough investments into real economy, and growth of the markets which has taken place recently, is purely speculative and does not reflect proper economic recovery.
December 2nd Forex trades shown quiet dynamics, changes in EUR/USD are insignificant.
December 3rd promises to add activity to dynamics of the trades. Today Eurozone GDP for 3 quarter 2009 will be published, which can put some pressure on dollar.
According to the recent data, ADP unemployment in November in the USA numbered 169,000 against forecasted 150,000 which can seriously damage the influence of other data from USA, if so, dollar might soon enjoy slight recovery. However, it is necessary to pay attention to the EU also.
OMG, eur is 1.5100 now. how long must i wait for it to go down? why have I got myself into this? this game is not for me, i wanna quit. who knows what i must do now - buy or wait?
Irochka19, how can you still be waiting if you did not want your order to proceed? if you're so disappointed about, just close the position
or wait till dollar goes up - it must happen some time, after all =))
Dear Irochka19,
You must understand that trading involves risk of loss and may not be suitable for some persons. To be a success in any field demands learning and hard work. I suggest you stop trading and get some preparation work done.
As for your current situation if I were you I would close this trade and consider this few hundred dollars that you lost as your payment for future success. Because now your so-called trading is very close to lottery.
On December 3rd, Forex market again shows advantage of the european currency over dollar. Yet today investors buy euro owing to yesterdays “thin” trades and awaiting some economic data to be published. Some publications are already issued and, as a whole, it met analysts’ expectations. The EU GDP for 3 quarter 2009 has shown growth by 0.4% quarterly, confirming former dynamics. Retails also have demonstrated growth, nevertheless, the figures were a little bit worse than expectations. Indexes of activity in the Eurozone, Germany and the Great Britain have shown insignificant decrease.
Anyway, the euro/dollar pair continues the ascension and has managed again to hit 1,510. Second half of Thursday is also rich in macroeconomic indicators. In a few hours the ECB will announce its decision concerning interest rate. Investors are assured, that EU interest rate will remain the same, viz. 1.00%, however, as usual, forthcoming comments by Trishe will have more impact on international markets. Along with that this evening Ben Bernanke of the Fed US will announce further US monetary policy measures.
Analytical department of the company LiteForex.
Euro and U.S. dollar today traded in a narrow corridor, the players are waiting for the Friday statistics
The European currency continues its growth against slumping USD. The Americans are quite content with the current situation as their foreign debt is still substantial and export volumes are increasing mostly owing to cheaper dollar.
On the other hand, EU policymakers should pay attention to growing euro against dollar and pent-up its growth in the near future as euro high exchange rate does not exert significant impact on European export goods in terms of foreign demand. As far as I’m concerned in the near future EU will embark on taking steps towards weaker euro, though cut-backs will be not that sharp due to European Central Bank’s deficiency of economic and political instruments of influence on national currency exchange rate on the verge of financial rebound, hence one can assume further mid-term euro growth against dollar, tough quite insignificant. Another indicator of future possible euro exchange rate adjustment to new economic conditions is MACD that shows divergence within 4 hours’- and day-timeframe.
The major trend of the currency pair in question would be as follows: average MA with a period of 250 on a day graph as well as MA with 350 day period have turned around and are now ramping up, which is a clear sign of further vigorous EUR/USD rebound.
According to Ichimoku indicators investors should refrain from being bearish as Tenkan Sen is higher than Kijun Sen withing 4-hours’- and day-timeframe, its graphs and the price graph are higher than the “cloud”, that is the foundation of the Ichimoku Kinko Hyo charting system. The Senkou span is another one of the time-shifted lines that are unique to Ichimoku, in this case, it is also shifted forwards.
Therefore traders and investors should be bullish after the EU Central Bank puts into practice its currency exchange rate equalizing.
Good luck to everyone.
This week’s last day EUR/USD perform narrow trades between 1.5040-1.5068 as a reaction to yesterday's announcement of the head of the European Central Bank Jean Claude Trishe that the Bank will not raise interest rate and the latter will remain 1 per cent for some time.
Trishe was expected to make vociferous claims which yesterday led to growing demand for risky assets and gold. Market players assumed that the head of ECB will announce stimulative monetary policy is about to come to an end and that economic growth will be sharp and substantial. Meanwhile, Trishe declared that the economy shows a positive trend and has stressed that economic rebound will take a turn for the best in 4th quarter, having underlined, that the economy still depends on temporary measures.
The policymaker seemed to be very accurate and prudent when making his statements, especially concerning the plans to call back stimulus program, hence euro did not perform any sharp changes.
Today, on Friday Forex investors’ attention drawn to factor orders indicator in the USA for October, and also to US labour market.
In case labour market data is not encouraging enough and the number of cut-offs reaches more than-190 thousand, the key support level of EUR/USD valued at 1.4820-1.4825 would not be able to sustain the pressure, and the new path to 1.4630 will begin, though the trend would be short-term. Moreover, if correction actions are too tight, the trend may turn to 1.4360.
Meanwhile, analysts still believe euro has something in store. Experts forecast ascending trend on Forex market for European currency, as euro still has way to go and that way may be amounted at 1.5285 – 15-month’s maximum – during the forthcoming sex months in case all the economic basis for the trend remain the same: high oil prices and new gold price tops.
boys and girls, I made it! I just closed with +111 pips profit. :) you wanna know how? this was astrology that helped me! i noticed a long time ago it really works! last friday I went to my astrologer who recommended me not to worry because on monday eur would go down. there was simply no other way for it to end! :)) hey, Shuvalov! were you not the one who was telling me to close with few hundred bucks loss? lol, maybe you’d better go and read smth to become real professional? :)))
Irochka, it's nice to hear about your success, especially taking into account the ways it has been achieved =)
However, here's some information that might be interesting:
On Monday morning, despite recent strengthening of european currency, EUR was traded 1.486-1.490 dollars, having no chance to get higher that 1.4900 because the interest to USD. Dollar grows today against major currencies, and the short-term ascending trend of US dollar is not something outstanding. The only exception today is yen which partially wins back Friday’s shameful falling.
On Monday dollar is also supported by positive macroeconomic data on labour market, showing 20% against 10.2% earlier. Together with the USA labour market indicators (-11 thousand unemployed) investors have acted against former practice - they began to buy dollars. Apparently, owing to market optimism the Fed has reviewed its intentions concerning interest rate: at first it was expected to increase not earlier than 2012 but now it is predicted to happen in the middle of 2010.
Friday’s data on labour market should not be overestimated though – it was a first silver lining, a sign of recovery but still each tenth American has no job. Therefore preliminary interest rate increase is quite doubtful, as there are still problems with labour market. In addition, we shall stress, that the Fed is unlikely to embark on loose monetary policy soon - after all it is very convenient for the economy in current conditions of falling consumer demand, low inflation and absence of price pressure. Hence, the conclusion might be as follows: dollar will remain cheap for some time as its growth today was nothing else but great expression of investors’ optimism.
Today in second half of day the number of speculative transactions in the currency market can grow, as for lack of any significant macroeconomic statistics, hence, traders will cautious about performance of Mr. Bernanke, the head of the Fed, at 20:00, Moscow time. But the dollar is unlikely to break through 1.4720-1.4850 even if Bernanke’s speech is very encouraging.
Now it seems obvious that dollar’s growth this Monday is a temporary reaction; on the other hand in the next six months Euro will show substantial growth.
Looks like forecasts concerning future fall of dollar are doubtful:
Monday, December the 7th shown that market is getting a new trend and allowed to make forecasts for the near future. The fact that dollar kept its positions is a sign that last Friday's motion was not a short-term reaction to the unexpectedly positive data on the US labor market. Recent dynamics has revealed the positive approach of investors to both the USA and its currency owing to encouraging data from the continent. It is also important to stress, that even Bernanke’s discreet performance on current situation did not cause more or less significant damage to dollar, even though he put to question last Friday’s market volatility. He tried to convince us that it is necessary to obtain further evidence for the stabilization of labour market before jumping to any conclusions.
In addition, yesterday some important data on consumer credit was published better than expected, while negative trends are still present.
So for now the only occasion that could undermine dollar’s strengthening could be a report on retail sales.
On the other hand, euro seriously disappointed investors by not having regained its positions against dollar. Economic news was mixed. In November the index of public moods was higher than for the last five months in 16 countries of the EU. Euro-zone economy performed slow recovery in the third quarter, after European governments have spent billions of euros on anti-crisis measures, and the global economy continues to gain momentum, thereby increasing demand for European exports.
Euro zone economic Calendar has more issues than that in the United States. Today will be published data on industrial production. It’s interesting to see if fall in foreign demand for the production of this sector has influenced EU economy. Nevertheless, it is unlikely that this data will be of a significant impact on the markets.
Guys, what’ going on? Liteforex trying to scam? I cannot withdraw my money. Hope someone will explain me how I got into this trouble.
Willy M16, please specify your withdrawal problem, or better contact our Support Department
How LiteForex will celebrate the New Year? I remember the summer of your company has done a great holiday for children. Will the company arrange anything interesting for your customers?