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A special meeting being held in Brussels today may yield some steps for solidifying the region’s shaky economy, but it also serves to highlight the region’s severe financial distress. Though the Euro strengthened yesterday in trading against 13 of its 16 most commonly traded counterparts, analysts are concerned as to whether this rally will quell the fears of contagion that have surfaced following the debt crises in Greece and Italy.
The signals and analyses below should help you trade successfully in this uncertain market.
In other European news, the well-known brokerage, iForex has had its license suspended by the Hungarian Financial Services Administration for breaching consumer-protection regulations. Get the full story here – and protect yourself by trading with a regulated brokerage!
iForex Regulation Suspended by HFSA
Here are some notable services that we've tested recently:
cTrader is a new forex platform by Cyprus based company, cTrader Limited. It has been custom designed for ECN brokers with its initial launch for the ECN broker, FXPro. The cTrader platform serves two functions: firstly, execution of trades, and secondly, charting. In terms of performance, the cTrader platform is like a Ferrari. It may not have cup holders or a place for your golf clubs such as a Bentley, but it is designed for speed and execution which it does extremely well.
Read Full cTrader Review
ForexYard is a retail Forex broker that was established in 2004, and was acquired by the CySec regulated firm Safecap Investments Ltd. in March 2011. The broker offers online trading of twenty-seven different currency pairs as well as stock indices and 3 commodities: gold, silver, and oil. ForexYard offers fixed spreads, including 3 pips on EUR/USD, and 3-5 pips on other major currency pairs. We tested the trading platforms, customer service and other aspects of this brokerage during our ForexYard review to help you determine whether this is the right Forex broker for you.
Read Full ForexYard Review
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