Currency Trading Online

Nexa Technologies, Inc. Debuts New Trading Platform

Nexa Technologies, Inc. (http://www.nexatech.com/ ), a leading provider of advanced trading solutions and wholly-owned subsidiary of Penson Worldwide, Inc. , today announced the launch of Aspect TMS, its new ASP-based Direct Market Access (DMA) trading platform.

Aspect TMS, powered by InfoReach, is an ASP-based trade management system that combines advanced order entry, rule-based trading, order management and FIX connectivity for equities, options, futures, and FOREX in a single broker- neutral trading platform. Fully customizable, Aspect TMS gives institutional traders broad flexibility to configure the platform to suit their particular trading styles and methodologies. The platform has features to suit buy-side and sell-side users and an API for the implementation of additional tools.

Weekly Commentary

The dollarfell sharply late last week amid concern that the Federal Reserve will have to pause in August and probably end its tightening cycle. Talk of the slow down of the US economy is circulating but proof is not really there. The US currency should consolidate early this week and if it fails to recover quickly, then the next wave of selling will be aggressive.

The US currency ended the week and the second quarter on a weak note on fear of receding economic growth amid still biting inflation. The pace of growth seen in the second quarter will be halved in the third quarter and strong commodity prices will further slow consumption. But in the short term the slide was overdone.

The dollar fell on profit taking on Monday after surging during the previous two days.

Pennies may soon be a thing of the past

PLYMOUTH, Mass. -- In this village settled by thrifty Pilgrims, you can still buy penny candy for a penny, but tourist Alan Ferguson doubts he'll be able to dig any 1-cent pieces out of his pockets.

He rarely carries pennies because "they take up a lot of room for how much value they have." Instead, like so many other Americans, he dumps his pennies into a bucket back home in Sarasota, Fla.

Pity the poor penny!

It packs so little value that merry kids chuck pennies into the fountain near the candy store, just to watch them splash and sink. Stray pennies turn up everywhere: in streets, cars, sofas, beaches, even landfills with the rest of the garbage.

A penny bought a loaf of bread in early America, but it's a loafer of a coin in an age of inflation and affluence, slowly sliding into monetary obsolescence.

EBS Dealing Resources Extends EDS Relationship; EDS Will Continue ...

PLANO, Texas, June 7 /PRNewswire-FirstCall/ -- EDS today announced it is extending its nearly decade-long relationship with EBS Dealing Resources, the world's leading provider of trading and market data solutions to the professional FX and precious metals communities. Financial details of the agreement were not disclosed.

EDS (http://www.eds.com/ ) will continue to enable EBS' (http://www.ebs.com/ ) global growth with a range of IT services including management of the company's global network operations, field services and telecommunications.

"By the nature of our business, we need to ensure that our clients have the most accurate trading information and market data in real time," said Bill Moran, Chief Operating Officer of EBS. "Key is our ability to improve trading response time across a globally distributed network as we respond to an increasingly more competitive marketplace.

The US Dollar Emerges as an Unlikely Safe Haven

Hot money flows into and out of foreign countries come in big waves. Losses in one market trigger sales in other markets. And foreign investors, who hold huge stakes in emerging markets such as Brazil, India, Russia, and South Africa, will often influence local investors, when there is a whiff of panic is in the air. If the global tightening campaign is off the mark, and leads to a hard landing, traders could continue to unload risky assets abroad for safer pastures at home.

Yen Held Gains Against Dollar, Pound; Weakened Against Euro Ahead ...

(RTTNews) - The Japanese yen showed mixed trading against other majors during New York trading Thursday. This came as the market looks toward Japanese official reserve assets due out later this evening. Earlier, Japanese leading economic indicator data for May reported in line with expectations. However, the coincident index reported lower-than-expected.

The yen advanced against the greenback amid hawkish comments by the ECB President during mid-morning trading. The Japanese currency rallied to an intraday high of about 114.91 amid the release of weaker-than-expected U.S. ISM non-manufacturing data. However, the yen was unable to hold all of its gains against the dollar and slightly weakened. As of 2:45 pm ET, the dollar traded at 115.13 against its Japanese counterpart.

Meanwhile, the Japanese currency gave up most of its gains against the Euro.