Forex

Forex

The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.

Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.

Extreme liquidity and the availability of high leverage have helped to spur the market’s rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.

The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We’ll cover the basics of exchange rates, the market’s history and the key concepts you need to understand in order to be able to participate in this market. We’ll also venture into how to start trading foreign currencies and the different types of strategies that can be employed.

Trade Binary Options

How to Trade Binary Options

General Risk Warning:

&nbspThe financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.&nbsp
  1. Binary options – the world’s financial instrument. They allow traders to  from price movements across all the world’s markets.
  2. There are only 2 types of transactions you can make with binary options: CALL and PUT.

The IQ Option platform allows our traders to make investments starting from just $1.

 

1

  1. Call – Option for rising prices. If you believe the price is about to go up, choose this option.

PUT – Option for falling prices. Buy this option when you expect the price to decrease.

If you see on the chart that the price isn’t rising or falling, that means that right now there’s a “neutral trend.” In this case, it’s best to hold off on buying this option. Consider choosing a different asset to invest in.

Trend examples:

2 3

 

  1. Never invest more than 2% of your capital in a single option. This is the golden rule for any investor. This way you can manage your investing without losing your head…or your money
  2. In order to improve the quality of your results, use technical & fundamental market analysis.
  3. Try different asset classes. If you’re not getting results with currency pairs, try stock indices. On IQ Option you can  find over 500 types of assets, including Amazon, Facebook, and Google.
  4. Sign up for IQ Option’s, where you’ll find out how to analyze trends, choose a trading pattern, and personally answer any questions you may have.

How to register & trade on IQ Option

General Risk Warning:

&nbspThe financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.&nbsp





General Risk Warning:

&nbspThe financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.&nbsp

Minneapolis police chief resigns after shooting by officer

Author: 
AP
Sat, 2017-07-22 08:00
ID: 
1500690372562156600

MINNEAPOLIS: Minneapolis police Chief Janee Harteau resigned Friday at the request of the mayor, who said she lost confidence in the chief after last weekend’s fatal police shooting of an unarmed Australian woman who had called 911.
In a statement released Friday, Harteau said: “I’ve decided I am willing to step aside to let a fresh set of leadership eyes see what more can be done for the MPD to be the very best it can be.”
Mayor Betsy Hodges said she asked for the chief’s resignation.
“I’ve lost confidence in the Chief’s ability to lead us further ... it is clear that she has lost the confidence of the people of Minneapolis as well,” Hodges said. “For us to continue to transform policing — and community trust in policing — we need new leadership at MPD.”
Hours later, Hodges tried to elaborate on Harteau’s departure at a City Hall news conference but a few dozen protesters walked in and shouted her down. They waved signs with the phrases “Messy Betsy” and “You are next” on them and chanted “Bye-bye Betsy.” Hodges eventually gave up and left.
Harteau, who worked her way up from the bottom of the department to become the city’s first female, first openly gay and first Native American police chief, said she was proud of the work she accomplished and honored to serve as chief. But she said the shooting of 40-year-old Justine Damond by one of her officers and other incidents “have caused me to engage in deep reflection.”
The chief, who once successfully filed a discrimination and sexual harassment complaint against the police force along with her partner, said she must “put the communities we serve first” despite the department’s accomplishments under her leadership.
Harteau was out of the city on personal time for nearly a week following last Saturday’s shooting of Damond, a life coach and bride-to-be who was killed by an officer responding to her 911 call of a possible rape.
The state is investigating the shooting. In Harteau’s first remarks on the case Thursday — when she returned to work — she was sharply critical of Officer Mohamed Noor, who is Somali-American, while defending his training.
“The actions in question go against who we are in the department, how we train and the expectations we have for our officers,” Harteau said Thursday. “These were the actions and judgment of one individual.”
That wasn’t enough for some City Council members. Linea Palmisano, who represents the ward where Damond died, called for a change in leadership Friday and told her fellow council members that she was “done with image control and crisis management” and that it’s “time for action.”
After Harteau’s resignation, Palmisano thanked the mayor and her colleagues. She also thanked Harteau for her years of service, but said she looks forward to the start of changes that she feels the department needs to make.
A department spokesman said Harteau would not be available for an interview after Friday’s resignation.
Shortly after the announcement, Hodges nominated Assistant Chief Medaria Arradondo to be the next chief. Nicknamed “Rondo,” he served as the department’s public face after Damond’s shooting while Harteau was out of town.
Arradondo, who is African-American, has been with the department since 1989.
Harteau has spent her career with the department, starting as a beat cop in 1987 when she was just 22. After working her way up the ranks, she was appointed chief in 2012.
She’s had a rocky tenure in the top post and had become a political liability for Hodges, who’s in a tough re-election fight. Their relationship was strained, particularly after the fatal shooting of 24-year-old Jamar Clark during a confrontation with two white police officers in 2015. The black man’s death, amid heightened tensions around the US, sparked protests citywide that included an 18-day occupation outside the police station on the city’s north side. A US Department of Justice review faulted poor communications between the mayor and the chief.
The chief and mayor butted heads again in April when Hodges blocked Harteau’s promotion of Lt. John Delmonico to lead the Fourth Precinct, after the chief had already made the public announcement. Delmonico had been a critic of Hodges when he headed the police union.
And it didn’t help that Harteau was out of town when Damond was killed. Harteau, who said she was backpacking in an area with limited cellphone reception, told reporters Thursday that it would have been “challenging” to return but that she had kept in touch with her command staff.
Harteau and her longtime patrol partner, Holly Keegel, were featured in a 1990 episode of the reality TV series “Cops.” The partners endured years of harassment from some male colleagues, and it escalated to the point where they felt endangered because they weren’t getting help when they would call for backup. The Minnesota Department of Human Rights upheld their discrimination and sexual harassment complaint, which led to changes in training and to discipline against some officers.
Harteau and Keegel got married in 2013 after gay marriage became legal in Minnesota. Harteau told the Star Tribune a year later that they had separated amid the strains of her being chief.
The chief was honored as grand marshal of the city’s annual Pride Parade three years ago. But she found herself on the defensive in June when organizers asked law enforcement to minimize their participation due to tensions over the recent acquittal of St. Anthony police officer Jeronimo Yanez in the fatal shooting of another black man, Philando Castile, in the St. Paul suburb of Falcon Heights last summer.
She said she was “beyond disappointed” that she was not consulted beforehand, but later persuaded the organizers to welcome LGBT officers after all.
___
Associated Press writer Kyle Potter contributed from St. Paul, Minnesota.

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Pakistan’s apex court weighs dismissal of PM Sharif over corruption report

Author: 
Sat, 2017-07-22 03:00
ID: 
1500687395912046500

ISLAMABAD: Pakistan’s Supreme Court on Friday finished hearing arguments on a scathing corruption report into the family wealth of Prime Minister Nawaz Sharif, and will begin deliberating whether to disqualify the premier.
The court is expected to make a decision in a week or two, with analysts split on whether it will dismiss Sharif outright or recommend a fresh investigation and corruption trial by the National Accountability Bureau (NAB).
Few expect the judges to drop the case, since the Supreme Court appointed the investigatory panel that alleged the Sharif family’s wealth was beyond its means.
It further accused his children, including presumed heir Maryam, of signing forged documents to hide ownership of posh London flats.
Sharif has denied wrongdoing and slammed the 254-page report by the Joint Investigation Team (JIT) as biased and slanderous. He has also rejected opposition demands to stand down.
Sharif’s lawyers have been arguing that the JIT overstepped its remit, and disputed its findings.
Ejaz Afzal Khan, who heads the three-judge Supreme Court panel hearing Sharif’s case, on Friday announced the hearings had been concluded by saying: “Judgment reserved.” Khan did not say when the Supreme Court would announce its decision, however.
Opposition parties believe Sharif is wobbling and expect the Supreme Court to deliver a knockout blow to his premiership by employing a little-used constitutional provision to dismiss a sitting official.
“From our legal perspective it’s crystal clear: He can’t survive this,” said Shafqat Mahmood, a lawmaker and senior official with the opposition PTI party.
Sharif’s allies interpret the court’s decision not to summon him as indicating that it will order a NAB investigation.
Such an outcome would be seen as something of a victory by the ruling PML-N party because it would probably allow Sharif to finish his term and even contest the next polls in 2018.
Sharif has faced numerous investigations since he served his first two terms in the 1990s and now has many pending NAB cases. Both those terms were cut short, and he spent a long time in exile after being deposed in a military coup in 1999.
Sharif, son of an industrialist, has denied all the claims against him and his supporters say he has never been convicted of anything despite facing unprecedented scrutiny during three stints in power.

Pentagon trims
military aid
Meanwhile, the US Defense Department has withheld $50 million in Pakistan military payments after Pentagon chief Jim Mattis determined Islamabad is not doing enough to counter the Taliban-affiliated Haqqani network, an official said Friday.
“Secretary Mattis has informed congressional defense committees that he was not able to certify that Pakistan has taken sufficient actions against the Haqqani network to permit full reimbursement of Fiscal Year 2016 Coalition Support Funds,” Pentagon spokesman Adam Stump said.
The US had allotted $900 million in military aid to Pakistan through the special fund, which is used to reimburse the costs of counter-terror operations.

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PM Sharif over corruption report
appeared first on bestforexmoney.info.

60 ANC MPs ready to dump Zuma, says leader

Author: 
Reuters
Sat, 2017-07-22 03:00
ID: 
1500687395912045900

JOHANNESBURG: More than 60 African National Congress (ANC) members in South Africa’s Parliament will back a no-confidence vote against President Jacob Zuma if the ballot is secret, the leader of the far-left Economic Freedom Fighters party (EFF), Julius Malema, said.
Toppling Zuma requires 50 of the 249 ANC members of Parliament (MPs) to support the no-confidence motion and some have said publicly they want him removed, including former Finance Minister Pravin Gordhan, whose sacking in March triggered damaging debt ratings downgrades. South Africa’s National Assembly has 400 members.
Malema, a firebrand politician known for his colorful language, said in an interview late on Thursday, he had received personal commitments that ANC MPs would dump Zuma.
Malema, a former head of the ANC’s Youth League before his expulsion from the party, could plausibly still have plenty of contacts in the organization.
“I personally spoke to more than 60 MPs of the ANC who have committed that if we give them a secret ballot they will deliver,” Malema told Reuters in his office.
“They’ve asked that this thing must be secret. They are not happy themselves,” said Malema, seated in front of an EFF sign featuring a clenched black fist holding a spear, super-imposed over an African map. Zuma faces the no-confidence motion on Aug. 8, the ninth time the opposition will have tried to unseat him by peeling off dissidents from the ruling party, whose majority has so far protected him.
But unlike previous attempts, this time the vote may not be open. The Constitutional Court has cleared the way for the Speaker to allow a secret ballot, though it remains unclear she will.
The ANC’s official line is that the party will close ranks and back Zuma. Party officials did not immediately respond to requests for comment on Malema’s remarks.
ANC MP Makhosi Khoza chose Nelson Mandela’s birthday on Tuesday to denounce Zuma, making clear she would break party ranks. “If you see one person doing that under such a hostile environment you must know that she must have powerful backing. She has a lot of backing,” Malema said.
One ANC MP has told Reuters they would vote for Zuma’s removal and the South African Communist Party, whose 17 MPs back the ANC in Parliament, said in April Zuma should resign.
Tens of thousands of people took part in marches in April calling for Zuma, 75, to step down over a string of graft scandals and missteps as the economy is in recession and unemployment rising.
Malema, whose party supports expropriating white-owned land and the nationalization of mines and banks, said economic misrule under Zuma was deepening apartheid’s racial disparities.
“The problem is that as the gap widens the blacks become more poor and the whites become richer. As a result then we are two nations in one country, the rich people who are white and the poor people who are black,” he said.
Malema said his party was still urging the landless to occupy unutilized land despite charges he faces for inciting property grabs.
“It’s an EFF resolution and that resolution has not been suspended by any court of law. We are calling upon our people to occupy the land,” he said.
Malema formed the EFF, known for its trademark red berets and rowdy behavior in parliament, four years ago, and the party plans to hold a birthday bash next week in the port city of Durban in the heart of Zuma’s Zulu political power base.
Durban’s streets that day will run red with cattle blood.
“We are slaughtering 10 cattle because in our African culture it is not a celebration until there is slaughter. There must be some slaughter to thank the ancestors,” Malema said.

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Philippines’ Duterte says will never visit ‘lousy’ US

Author: 
AFP
Sat, 2017-07-22 03:00
ID: 
1500687395912046100

MANILA: Philippine President Rodrigo Duterte on Friday vowed that he would never visit “lousy” America despite an earlier invitation extended by US President Donald Trump.
Duterte made the declaration as he expressed anger at a US Congress human rights commission hearing where various advocate groups assailed his bloody war on drugs.
“There will never be a time during my term when I will be going to America or thereafter,” he told reporters.
“I’ve seen America and it’s lousy. They have many human rights violations,” he added, referring to US troops fighting in the Middle East.
Duterte, who took office last year, previously announced he was distancing the country from its main defense ally the US after the administration of then-US President Barack Obama criticized his bloody anti-drug campaign which has left thousands dead.
But after Trump was elected president, he called up Duterte in April and praised the campaign, even inviting him to the White House.
At the time, Duterte said he could not commit to such a visit because he had other overseas trips scheduled.
At a hearing on Thursday in Washington on human rights violations under Duterte’s war on drugs, US Congressman James McGovern said that Duterte should not have been invited and that he would lead protests against the Philippine leader if he appeared.
This prompted the angry rejoinder from Duterte who said “what makes that guy think I will go to America?” The Philippine president had previously called Obama a “son of a whore” for his criticism but has been friendly toward Trump.
Duterte continues to enjoy wide popular support despite the spate of killings.

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Canadian Dollar: Don’t Fight The Trend

The Canadian Dollar has been strengthening against its US cousin since early May and that trend will most likely continue as long as further interest rate hikes remain probable.

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Australian Dollar on Watch for RBA Interventions After Debelle

The Australian Dollar market can look forward to a US monetary policy call and official local consumer price data, but the RBA may now be a more obvious focus than either.

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USD/JPY Eyes June-Low Ahead of FOMC Meeting, 2Q U.S. GDP Report

The Japanese Yen may continue to appreciate against its U.S. counterpart next week should the Federal Open Market Committee (FOMC) soften its hawkish outlook for monetary policy.

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British Pound Falls as Inflation Disappoints, but Will GDP Revive the Trend?

The British Pound came into this week with legitimate prospects for bullish continuation. But with inflation printing below expectations, that bullish move may be on pause for the foreseeable future.

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Can the Euro Continue to Defy a Dovish ECB and Soft Data Flow?

The Euro faces a telltale period ahead as the bulls’ defiance of a dovish ECB is tested with the passage of top-tier economic data and official commentary.

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