August 12, 2014 BY Mike Fox

Swissquote Daily Technical Report: USD/JPY- Unimpressive bounce thus far

In Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and GBP/USD. Download the full report by clicking here. USD/JPY: Unimpressive bounce thus far USD/JPY has strengthened but bearish pressures remain. Last week, the hourly support at…

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August 12, 2014 BY Gerald Segal

Plus500 shares trade up 51% in advance of Q2 results details

It looks like investors are expecting a bang. Shares in CFD broker Plus500 (LON:PLUS) have traded up more than 51% in the past month, including 15% in the past week and 6% yesterday, in advance of the company's release of Q2 results tomorrow, Wednesday August 13. Plus500 already gave us a glimpse into what it…

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August 12, 2014 BY Mike Fox

Forex Fraud Watch: CFTC orders New York resident and fraudulent fund operator Jacob N. Stein to pay restitution

The U.S. Commodity Futures Trading Commission (CFTC) officially announced today that it entered an Order requiring Jacob N. Stein of Hankins, New York, individually and doing business as TEPdesign, Inc., to pay restitution of $244,400 to defrauded customers and a $100,000 civil monetary penalty, for committing fraud and misappropriation in connection with a commodity pool…

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