Hirose Financial UK Ltd. (FSA Regulated Broker)

[anders]

I am an American trader. Will your broker allow me to hedge my forex trades?

[phi]

I am an American trader. Will your broker allow me to hedge my forex trades?

Hi anders

Unfortunately, Hirose UK is not regulated by US regulator, so we can't accept clients who reside in US.

[phi]

The Fed's Ben Bernanke unveiled that stimulus tapering plan will likely to start by the end of this year during FOMC Meeting last week, resulting in USD strengthened around 200pips agaisnt other major currencies. For this week, aside from the usual economic indicators announcement, there will be speeches from The Fed's members which will give more clues regarding future tapering plan.

Tuesday, 25th June
12:30 GMT - US Durable Goods Order (USD)
14:00 GMT- Consumer Confidence Index (USD)

Wednesday, 26th June
09:30 GMT - UK Financial Stability Report (GBP)

Thursday, 27th June
07:55 GMT - German Unemployment Change and Unemployment rate (EUR)
14:00 GMT - US Pending Home Sales (USD)
23:30 GMT - Japan Consumer Price Index (JPY)

Friday, 28th June
12:00 GMT - German Consumer Price Index (EUR)
12:30 GMT - Canada Consumer Price Index (CAD)

Good luck in your trading!

[phi]

The first week of the month is always the busiest time for traders. We have rate decisions from Central Banks, and the much-anticipated US Employment Report to watch out for!

Tuesday, 2nd July
04:30 GMT Reserve Bank of Australia Rate Decision (AUD)

Wednesday, 3rd July
12:30 GMT US Trade Balance (USD)

Thursday, 4th July
11:00 GMT Bank of England Rate Decision (GBP)
11:45 GMT ECB Rate Decision (EUR)

Friday, 5th July
12:30 GMT US Change in Non-Farm Payroll (USD)
12:30 GMT US Unemployment Rate (USD)

BoE new governor, Mark Carney will have his first Rate Decision this week. Little expectation for Mark Carney to make any dramatic statements as he is still familiarizing with BoE itself.

Meanwhile, US markets will close on 4th July (US Independence Day), liquidity will be less than usual so watch out for volatility in EUR/USD triggered by ECB Rate Decision. As rate is expected to be unchanged, the tone from ECB's Mario Draghi statement will decide EUR/USD movement.

Good luck in your trading!

[Paprika]

Does this broker have any no deposit bonus deals so I can try it out risk free for a while?

[phi]

Does this broker have any no deposit bonus deals so I can try it out risk free for a while?

Hi Paprika, sorry for the late reply. We're having $10 Free Trading Credit campaign for new clients. Details are here: Free Trading Credits Campaign

[phi]

Japan held upper house election on Sunday, and current PM Shinzo Abe's party coalition won the majority of the votes. With this victory, Abenomics will likely go ahead as planned which further affirm JPY potential fall against other currencies in the future.

As for this week's calendar, a less eventful week lays ahead as fewer major economic indicators are scheduled to be announced:

Tuesday, 23 July
12:30 GMT Canada Retail Sales (CAD)

Wednesday, 24 July
01:30 GMT Australia Consumer Price Index (AUD)
07:30 GMT German Purchasing Manager Index (EUR)
21:00 GMT New Zealand Rate Decision (NZD)

Thursday, 25 July
08:30 GMT UK Q2 Prelim Gross Domestic Product (GBP)
12:30 GMT US Durable Goods Order (USD)
23:30 GMT Japan Consumer Price Index (JPY)

US Durable Goods will likely be the highlight of this week, as The Fed's Bernanke firmly announced last week that future tapering plan will depend on any economic indicator data ahead. Also, Japan's CPI report will also be important as it is the first major economic data to be released after PM Abe's election victory.


Happy Trading!