BMFN — Regulated Forex Broker

BMFN (Boston Merchant Financial) is a Forex broker with a rather strict regulation over it, because it’s registered with NFA, FINRA, PolyReg and Russian FFMS. It’s a MetaTrader broker, but it offers several other trading platform, one of which is Currenex — a rather advanced and powerful trading tool. BMFN is quite a new on-line broker but they are already becoming popular. Other highlights of this broker include:
Gold, oil, CFD and futures trading
No-interest accounts on request
Payments via WebMoney, credit cards and wire transfer
$100 minim account size, 0.01 lot minim position and 2 pip spread on EUR/USD
Tags: Currenex, Forex broker, gold, MetaTrader, oilNo Comments »
EUR/USD Floats Near Open After Small Rise in Jobless ClaimsAugust 20th, 2009
The euro is trading slightly below its open level against the greenback after the initial jobless claims report showed a small rise today. EUR/USD is currently floating near 1.4219 after opening at 1.4233.
Initial jobless claims went up from 561k to 576k during the last week, while they were expected to go down to 550k.
Philadelphia Fed index increased from -7.5 to 4.2 in August. A rise to -2 was expected by the market analysts. Positive value of the indicator suggests that the business conditions in the region are improving.
Leading economic indicators index rose by 0.6% in United States in July. That wasn’t much of a surprise to the Forex traders as this indicator is based on already known values.
Tags: initial jobless claims, leading indicators, Philadelphia FedNo Comments »