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Follow on Google News | Q1 looking good (so far) for Forex firms – thanks to high gas prices??Increasingly high petrol prices have led, not unexpectedly, to decreased driving and increased online shopping, also positively impacting the online trading world.
By: LeapRate These decent results are not unexpected given the increase in general volatility since mid-February in certain key Forex pairs, commodities, and stock indices – and in this industry greater volatility (usually) translates into higher volumes. However, we at LeapRate believe that something deeper in happening, with online Forex firms enjoying an increase in activity being seen by all kinds of online and e-commerce businesses. An interesting report by MasterCard Advisors, as reported in the Financial Times last week (http://www.ft.com/ The reason for the increase? Mainly high gas prices – with prices at the pump continuing to climb, consumers are pumping less gas (US petrol consumption was down 1.9% in April vs. the prior year), and doing more shopping from home, online. We believe this stay-and-do- Early next week we should learn more with the Q1 results reports of FXCM and Gain Capital expected (although we already have FXCM’s Q1 volume numbers). Stay tuned..... # # # Which Forex firm should I trade with? LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at www.leaprate.com. End
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