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  1. #31
    fxb trading is online now Senior Member
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    Who should you trust with your money?

    How many of you reading this have or had a bank account with HSBC? My guess is that more of you have banked with them than any other major bank. And why shouldn’t you. After all, they were known for being the world’s local bank and are amongst the biggest in the world.

    They’ve been around so long and are so big that trusting them is implicit. You don’t even bother looking at the library of licences they hold for the myriad of financial services they offer.

    But have they earned your trust?

    Cairn Energy trusted HSBC to carry out a $3.5 billion foreign exchange deal for them in 2011.

    The Financial Times reported recently that US prosecutors have accused HSBC of turning an illicit profit from the exchange by exploiting the confidential information they had of Cairn’s sizeable order.

    It’s a practice also referred to as scalping and authorities claim it earned HSBC over $8 million at Cairn’s expense.

    It’s far from an isolated incident.

    Reuters reported in December 2012 that HSBC agreed to pay a record $1.92 billion in fines to US authorities for allowing itself to be used to launder drug money flowing out of Mexico and terrorist organisations as well as other offences which were loosely described as banking lapses.

    HSBC benefited from a deferred prosecution agreement from the Justice Department and Chief Executive Stuart Gulliver said at the time of the judgement: “We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again. The HSBC of today is a fundamentally different organization from the one that made those mistakes.

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  2. #32
    fxb trading is online now Senior Member
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    Bitcoin takes a big stride away from fringes of finance

    CME Group’s announcement on Tuesday (October 31) that it intends to offer futures on Bitcoin this month sent the cryptocurrency surging past $6,400 for the first time; the group’s move has been viewed as bringing Bitcoin a step closer to acceptance within mainstream finance by placing it alongside the CME’s stable of futures on interest rates, stock indices, commodities and currencies.

    Bitcoin’s price has soared from $966 at the start of the year, breaking through the $5,000 mark for the first time on October 11 before settling at $6,362.65 in afternoon trading on October 31, up by 4% for the day.

    Futures are derivatives contracts that investors and companies typically use to speculate on prices or hedge risk against turns in the market. Other major markets like stocks, bonds, commodities and currencies all have derivatives based on them. CME’s futures option would allow investors to hedge bets that the price of bitcoin will rise, something that is difficult at present.

    CME Group, the world’s largest derivatives exchange, explained that the futures will be cash-settled and based on the CME CF Bitcoin Reference Rate, a Bitcoin price index it launched last year.

    The news comes as a surprise because in September CME president Bryan Durkin told Bloomberg: “I really don’t see us going forward with a futures contract in the very near future.”

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  3. #33
    fxb trading is online now Senior Member
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    Starbucks might be about to surprise Wall Street


    For years Starbucks Corporation’s (SBUX) shares have mirrored their phenomenal success, but recently the coffee giant has come under attack from the likes of McDonalds and other fast food giants as well as indie coffee shops which has been reflected in the value of their share price.

    After reaching a peak price of $64.87 in June, Starbucks shares are down 1.41% overall this year. However, Starbucks has expanded into new territories and brought greater convenience to its clients with the use of innovation which has prompted some analysts to predict that the coffee-making giant will surprise Wall Street when it releases its fourth quarter earnings on November 2.

    Starbucks experienced tremendous growth between 2011 and 2016 with sales growth above 5%. It all changed in the third quarter of 2016 when sales growth was just 4% while for the first time transaction growth was flat. For the next quarter, sales growth remained below 5% while transaction growth was negative (-1%).

    Starbucks’ growth has been affected by competition from indie coffee shops and traditional fast food giants who have widened their menus to capture some of the coffee drinking market.

    Indie coffee shops are opening everywhere and have taken away the trend-focused millennials market, while the price-focused crowd is now going to McDonalds for their coffee.

    Changing consumer preferences have had a big influence on Starbuck’s recent performance. The competition has expanded their menu options and physical store locations to better reach a wider customer base which has drawn consumers away from Starbucks and resulted in the slow down of sales growth.

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  4. #34
    fxb trading is online now Senior Member
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    Alibaba’s global perspective sends share price soaring

    Alibaba’s (BABA) ongoing experimentation with new ways to lure shoppers into spending their money, diversification and expansion into new territories has earned widespread approval in the markets, pushing its share price to record highs of $192.12 ahead of their quarterly earnings report (November 2).

    The Chinese e-commerce giant’s shares have more than doubled in value this year (see chart) with much of Alibaba’s growth being fueled by the internet retailing boom in China. The move into cloud computing is currently loss-making, but with the number of users almost doubling to 1 million in a year and expansion into Malaysia and India it is expected to turn that around. Also, Alibaba’s diversification into groceries, digital entertainment and financial services are showing potential for future growth.

    Alibaba’s goal is to reach 2 billion customers around the world within 20 years. In some cases, it has begun with digital payments, as in India. In others it has invested in e-commerce sites, as with Lazada, in South-East Asia. But it intends to build a broad range of services within each market, including payments, e-commerce and travel services, and then link local platforms with Alibaba’s in China.

    Alibaba’s recent success has, in part, been helped by Beijing’s severe restrictions on foreign internet companies which has allowed them to benefit from the boom in e-commerce while only contending with domestic competition.

    However, at the core of Alibaba’s success has been innovation. Sales events like its ‘11.11 Global Shopping Festival’ have been phenomenally successful and provide a platform upon which Alibaba experiment with new forms of retail and customer engagement which rely extensively on interactivity, technology and consumer analytics.

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  5. #35
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    Australia’s economy is going down and under

    Australia recently recorded its 104th consecutive quarter of growth without a recession, an achievement which breaks the record set by the Netherlands. It prompted Australia’s federal Treasurer Scott Morrison to claim that the economy was in “surprisingly good shape”. His statement is reminiscent of that old joke. How can you tell if a politician is lying? His lips are moving.

    Australia’s economy is not in good shape. Its growth has been built on demand for commodities like coal and steel from China and investment in an over-inflated property market that has been fuelled by years of cheap credit. These dual dependencies are about to be brutally exposed.

    The exact timing and full impact of Australia’s economic tailspin is unknown. However, a precise date and exact knowledge of its magnitude are unnecessary in order to take advantage of the collapse as a trader. The circumstances that make an economic crash inevitable are already in place and it is far better to be five months early rather than five minutes late for an opportunity like this.

    The inevitability of Australia’s financial meltdown is in part due to an external factor which it has no control over: China.

    Societe Generale’s China economist Wei Yao recently said: “Chinese banks are looking down the barrel of a staggering $1.7 trillion worth of losses”. Hyaman Capital’s Kyle Bass calls China a “$34 trillion experiment” which is “exploding”, where Chinese bank losses “could exceed 400% of the US banking losses incurred during the sub-prime crisis”.

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  6. #36
    fxb trading is online now Senior Member
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    Join the few who gain from economic Armageddon

    The warning signs that a market crash is looming are becoming louder and more frequent. Despite this, most market participants are behaving like it can never happen. In fact, bullish trading is pushing the markets to new highs on an almost daily basis. The warnings are seen, heard and then ignored.

    Join the few who will take advantage of what’s about to happen. The same few who profited handsomely when billions were lost in the last global economic crisis almost a decade ago rather than those who simply follow the herd.

    For most people these warnings are like the graphic images printed on today’s packets of cigarettes, they spell out the dangers and yet all the same people are still smoking.

    Warnings about an impending market crash are being made by people who predicted with considerable accuracy in 2006 and 2007 what was ahead when the US sub-prime mortgage market collapsed and triggered the global financial crisis.

    The one thing these analysts can’t predict is an exact time and place for when the crash will happen. It’s the same reason people continue to smoke; nobody can say with certainty the number of cigarettes required to kill a person.

    So, trading continues regardless until the day the sudden dramatic drop in prices exceeds the 10 per cent threshold that officially marks the point that the crash has arrived.

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  7. #37
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    Grow with us

    FXB Trading is reaching out to money managers and introducing brokers (IB) in online trading with a partnership opportunity that will take your revenue to the next level, and which can expand your business beyond the scope of its current limits.

    Our highly successful business model also accommodates affiliate managers and investors who are looking for a vehicle that will provide a new revenue stream without the need for any hands-on involvement in online trading itself.

    FXB Trading’s rise in the online trading industry has been a qualified success with exceptional growth achieved in this highly competitive $5 trillion industry over a relatively short period of time. Our success has been underpinned by a formula that combines unbeatable spread prices and industry leading commission rates combined with a support package that is more than a match for anyone in the industry.

    Part of our growth has been as a result of partnering with individuals who are looking to grow their networks but need someone who can provide the expertise, tools and incentives necessary to accelerate their own growth.

    At FXB Trading, our business model is broad enough to accommodate simple ‘Refer a Friend’ partnerships (which yield $250 per referral) to fully established white labels that have reached their potential in their current guise and are now ready to benefit from new support and marketing services.

    FXB is able to provide partners with branded education programmes encompassing webinars, seminars, workshops and events which will maximise your existing traders’ volume and attract new clients.

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