Here is what happened on Turtle Soup this past trading week from Sunday, March 6 through Friday, March 11, 2011.
Eurozone: A Bunch of Bloc-Heads - The eurozone is in danger of flunking its own stress test. With all their bickering, who knows if this thing is ever going to get fixed?
What Drives Currency Prices? - In a 3 minute video, economist Edwin M. Truman says the Chinese yuan is a good long-term bet and why he would short the Brazilian real.
The Death Knell For Middle East Oil? - Will the long-term increase in oil prices expedite the West's efforts to decrease its dependence on Middle East oil? I'm all for it. Gas is up to $3.50 a gallon in Atlanta and at least a dollar more in California.
IronForex Launches Online Operations - Do we really need another Cyprus-based Forex broker? Well, this one has something special up its sleeve. Something they call their 'One Account, Five Platforms' strategy.
10 Changes That Improved My Currency Trading - Not a sexy title but, after blowing up two accounts in a year, these 10 things were the difference makers that helped me start making money in Forex.
CFTC Dings Weber For $1.1 Million Forex Fraud - CFTC caught Helmut Weber. Helmut is not the sharpest pencil in the box, but what does that say about the folks who Helmut fleeced?
CFTC: Top 10 Forex Brokers - We put together a report that shows the top 10 retail Forex brokers in the U.S. and sorted it by the amount of client funds they are holding. GAIN tops the list with more than $142 million.
FXCM Investigated For RICO Violations - Speaking of GAIN, FXCM isn't doing to bad either. However, someone thinks FXCM violated some racketeering laws on their way to their IPO last December.
Forex Company Profiles In PDF Format - We found this neat little tool that lets you dynamically turn a webpage into a PDF file, so we incorporated it into our company profiles. Now you can save a company profile to your desktop with just the click of a button. So far, we've had almost 800 downloads.
Alpari Launches FX Options Trading - There aren't a lot of U.S. Forex brokers who offer FX options trading but Alpari (US) is the latest.
CFTC Charges Jade With $3.2 Million Forex Fraud - Jacob Juma Omukwe knew that CFTC usually catches the bad players in the Forex market. So he figured that he could get away with stealing $3 million with his Forex scam by not even registering as a broker. It's like a little kid who covers their eyes to hide from ghosts at night, "...if I can't see them then they can't see me." Sorry Jacob, CFTC can still see you.
China Reports $7.3 Billion Trade Deficit - China rarely reports trade deficits, but analysts said the February trade deficit figures they reported had most likely been distorted by the effects of the Lunar New Year holiday period, because many exporters had to ship in January. I'm sorry. Does that sound plausible to you?
What Dummy Gave This Guy $50k To Trade? - Dennis Todd Hagemann told an investor he "would rock her world" and turn her $50,000 investment into $115,000 in one month.
Who's Who In Forex: Olli Rehn - ...and for our last post of the week - if you live in the U.S. then you probably never heard of Olli Rehn, but he's one of those unsung heroes who will probably wind up saving our bacon.
So, the end of another trading week. Please don't forget to explore Forexturtle this week. We've added some companies and updated a few dozen more. Don't be a stranger.