This Week On Turtle Soup

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Here is what happened on Turtle Soup the trading week ending 02/25/2011.

Sunday, February 20, 2011Who's Who in Forex: Pranab Kumar Mukherjee - India's powerful Finance Minister made it clear that India is not taking sides in the China-U.S. currency wars.

China Hammers G-20 Into Submission - China's hard bargaining forced the G-20 to water down its resolution to correct economic imbalances.

 

Monday, February 21, 2011 - Newsweek named Trichet the world's 5th most powerful man but he's got conspiracy theorists up in arms about his economic Global Governance stand.

FXCM To Announce Q4 Earnings - FXCM will report its 2010 Q4 earnings on March 2, 2011. You can listen in on their conference call.

 

Tuesday, February 22, 2011MIG Bank's New Transparent Dealing Model - MIG Bank is letting its clients see MIG's liquidity providers' bids so everyone knows they're getting the best price.

 

Wednesday, February 23, 2011IMF Reviews Praised Libya & Egypt - Did the IMF screw up when they praised Libya's and Egypt's ambitious reform agendas in a report just before the Middle East broke out in turmoil? Bad timing.

ECB Charges Politicians for Euro Problems - The ECB charged political leaders of member states with excessive spending and borrowing causing the Eurozone's current economic mess.

Stuckey Charged in $2.8 Million Forex Fraud - CFTC was busy again this week as they nabbed the Stuckey Group for yet another Forex scam.

Global Financial Crisis By Design? - John Truman Wolfe thinks the global financial crisis was carefully designed assault on the dollar. Somebody's listening - the man's got a best-selling book.

 

Thursday, February 24, 2011Currency War: Yuan vs. Dollar - Nouriel Roubini thinks that if four key things happen, then China's yuan could replace the dollar as the world's reserve currency.

Forex Tips From the Far East - 127 million Japanese can't be wrong. Japanese traders are so active they account for significant moves in currencies they favor.

 

Friday, February 25, 2011Triple 8 Launches UFXMarkets - A new ParagonEX broker. I called them in London and they would not give me their street address. What's up with that?

 

This was a good week - made a little money, met some new friends, and finished some badly needed changes on ForexTurtle. Hope to see you again next week.

 

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Triple 8 Launches UFXMarkets

UFX Markets

Triple 8 Limited, the Cypress and UK Based Financial Holding Company announced today their plans to launch a new Major Forex Brand under the name, UFXMarkets, which will debut the ParagonEX 4.1 Trading Platform.

Triple 8 is in the final stages of approval for several regulatory agencies and expects to receive regulation before the end of the year. According to Product Manager for UFXMarkets, Stephen Langdon, this will not delay the launching of their new website. “The reality is that many of the major Forex Brokers operate without regulation, and in fact, some clients prefer it,” Mr. Langdon stated. “Once we receive regulation, I imagine that little will change in the way we operate.”

The new planned site, UFXMarkets, is expected to debut ParagonEX’s latest software release, Version 4.1. The new trading platform will still be a browser based platform, requiring no downloads, but it will offer enhanced features and is considered a huge upgrade from its previous software version.The UFXMarkets site is expected to be feature rich including a wide range of trading products, 7 types of Trading accounts, Trading Signals, streaming newsfeeds, and hourly technical analysis, to name a few.

“There has been a tremendous investment of energy, time, and money into this project on the part of everyone involved,” said Lee Stone, Publications Director for UFXMarkets. “We expect that the hard-work and dedication that both teams have put into the new platform and site will ultimately result in great success for this company as a whole.”

About UFXMarketsUFXMarkets is a website and subsidiary of Triple 8 Limited. The company has physical offices in London, England and Nicosia, Cyprus. In addition to UFXMarkets, Triple 8 Ltd also owns and operates numerous online brokers and affiliate programs. For more information about UFXMarkets or the UFX Brand, please visit their website or use the following contact information.
 

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