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Forex News
Jul 04 2007, 07:30 - 0 Comments
The largest building community in UK had stated that the market will already feel the higher interest rates by the banks. The nationwide survey had shown that the people’s confidence index had declined last month, this was the first time since December. The decline of four points up to 95 already reverse, this was half in the increase as May’s record shown.
Jul 04 2007, 06:00 - 0 Comments
Amidst tame inflation Australian Reserve Bank had leaved the cash rates for 6.25% in the 8th consecutive month, as anticipated by the market.
Jul 03 2007, 13:00 - 0 Comments
The US Independence day had an impact in the decline in gold this mid-afternoon next with other goods, as there was a loss of interest from buyers.
Jul 03 2007, 09:00 - 0 Comments
Last Tuesday, the Mexican peso opens a little weaker against US Dollar, strengthened gain from the past few days behind the positive rate result in Standard and Poor.
Jul 03 2007, 07:30 - 0 Comments
The US factory on orders fallen to 0.5% this May, it was lesser than what was expected in a 1.3% decline.
Jul 03 2007, 05:30 - 0 Comments
There was again a decline in the sales of previously owned houses as told by a forecasting tool, this was the third month.
Jul 02 2007, 10:00 - 0 Comments
The impact made by the increase interest rates lead to a slow down in the house price growth, sellers immediately put the properties in the market providing Home Information Packs to figure out from the living property website. There is an increase at 0.3% in the Hometracks survey which was half last months increase at 0.6%.
Jul 02 2007, 07:00 - 0 Comments
The manufacturing sector in Australia has recorded a slow growth maybe due to the impact of a strong Australian dollar, as shown by a performance level indicator, an industrial group.
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Broker
of the Month

UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
    

Promotion
of the Month

UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.


    
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Interview
with Matthew Sheppard
Senior Forex
Advisor at XForex


1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?
In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?
We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?
Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?
Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..
Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?
My advice to the beginning trader entering the Forex world is as follows:
• Learn the market and understand what you’re getting into.
• Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
• Invest smartly and calculate your risks
• Always know when to get out of a trade

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