Archive for May, 2010

Forex broker ODL Markets today announced they have been bought up by FXCM.

Why did FXCM buy ODL Markets?

The main reasons for the acquisition seems to be the facts that ODL Markets have a very good reputation and huge client base in UK and Europe. FXCM are trying to increase market shares in this region.

How will this effect ODL Markets customers?

All clients of ODL Markets will continue to trade under the same platform as they signed up. But we belive FXCM will (more…)

After the IMF, EU and the ECB put a 750 billion package to save the Euro and supporting Greece, the interventions from ECB has become inevitable. The euro’s not able to rise and the pressure is huge right now that the currency will continue to fall.

Lets see how big the pressure will be and whether the euro can continue to remain at similar levels, or if considerable (more…)

After a few days of discussions, many observers believe Tories and Liberal Democrats are forming a coalition government in United Kingdom. Currency analysts are now relieved that Gordon Brown seems to step down as Labours leader from September this year.

The new government are likely to cut borrowing sooner then a Labour government would and in general, it should do well for the economy and the british currency. Forex analysts already predict a hung parliment between conservatives and liberal democrats and they seem to like it – pound sterling rose by almost 1 % today. Interest rates (more…)