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POUND STERLING EXUDES VOLATILITY AS UK GENERAL ELECTIONS NEAR!!!!!!!!

By: Economic & Finance Report

UK elections are drawing closer, and the British pound is very volatile as the elections progress in the country.  The pound sterling dissipated this past Friday, (May 26th, 2017) as new election polling data from the United Kingdom, showed that Prime Minister Theresa May was in the forefront of the general elections by a mere 5 points.  During the course of 2017, Prime Minister May had been leading her challengers by over 20 points. The drop has been placing the sterling silver on a roller coaster ride.

May who has a majority currently in national parliament and local branches of government, is now seen as not being able to hold a wider majority throughout the country as anticipated. If this becomes a reality then the Torres (Prime Minister May’s party) will have a smaller faction, then they had in 2015-2016 elections; which can then translate in a downward trend for the currency. -SB

TRADERS ARE BRACING FOR US FED HIKE!!!!!! WHEN IT HAPPENS….

 

federal reserve system

By: Economic & Finance Report

As the Fed readies to deliver remarks of their Fed Policy meeting tomorrow March 18, 2015 (Wednesday). Stock, Futures, Commodities, Forex traders are bracing if the Federal Reserve Board are going to raise interest rates. 

The Fed will make their announcement after the two day policy meeting, which is usually the case by most standards. The stock market has been profiting and doing fairly well with low interest rates so increasing the interest rates could have an opposite effect toward the markets.

Noone knows exactly when the rates will actually be heightened but many analyst and observers believe it will be later in the year in the middle of the year precisely. Tomorrow trading will probably be limited until after the Feds remarks, which only makes sense, “No need to jump in front of a moving train”, as the saying goes.  We shall see. -SB

FOREX TRADING: MAXIMIZING THE GAINS BUT DON’T FORGET ABOUT MINIMIZING THE RISK

         forex pic 2

BY: Economic & Finance Report  

Trading in the Forex markets comes with its rewards but also entails many risks.  Knowing how to minimize the risk and outperforming to attain greater rewards is key in attaining a strong edge in the markets. In the week of January 12-16, 2015; the second full week of the New Year, the market witnessed probably one of the greatest losses in the forex and trading markets. The Swiss National Bank indicated they were allowing their Swiss Franc regulatory program against the Euro to be freely traded, and the reaction sent investors, traders, analyst, brokerages, market makers, and market movers into a windfall of turmoil.

 Brokerages such as FXCM, one of the top retail forex brokerage in the US, were forced to attain a loan to cover their clients’ losses. The damages adhered were in excess of $300 million dollars USD. Private equity asset lenders had to come in to foot the bill. Financial banks such as Citigroup lost anywhere from $150-$200 million dollars, and other brokerages closed their shops indefinitely.  Deutsche Bank (DB) lost excess of $150 million USD and Barclay’s Plc loss a little under $100 million USD. United Kingdom Brokers such as Alpari folded their uniformed shop and they are now gone in the oblivion because of this unfortunate Forex demise.

The wakeup call now places traders, especially retail traders in a tough position because of what happened underlying the Swiss National Bank.  In the United States Forex and Futures is monitored by the NFA (National Futures Association) and the CFTC (Commodity Futures Trade Commission). These regulatory bodies have oversight on the futures and Forex markets and the regulations and rules are essential on what occurs in the Forex and Futures markets. So exactly what happens next from the entire debacle that had occurred? Well, once thing is quite sure, and that is retail traders now will be more on alert as discretional volatility will of course continue, maybe weeks and months ahead in this destabilizing Forex marketplace. –SB

About the Columnist/Writer:

Mr. Samuel Bassey is a Futures/Stocks/Forex Trader, based in New York City. He has an MBA in Media Management and is a licensed real estate professional and investor.  He is the founder and operator of the international/global economic, finance, and business blog website called www.EconomicandFinanceReport.com, which he writes for as well; and he has a real estate property management/investing website entitled www.SammyBuyHomes.com. He can be contacted @ Samuelbassey@msn.com and info@SammyBuysHomes.com

 

 

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SIGNIFICANT LOSSES IN THE FOREX MARKET…. BECAUSE OF DECISION BY SWISS BANK….

forex

By: Economic & Finance Report

The forex market took serious losses because of the move by the Swiss Bank to not rationalize the Swiss franc per the Euro.. This sent a shock wave to the forex markets. Forex brokers and banks took some serious drawdowns….

Citigroup predicted it lost over $150 million USD to $200 million USD, in the forex markets because the decision presented by the Swiss National Bank (SNB). Well known broker FXCM received a huge buyout by   Leucadia National (LUK). Leucadia invested $300 million in FXCM to save the forex firm.

 This incident is being regarded as one of the major blows to the financial markets in a long time, especially so early in the new year of 2015.

-SB