Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.
Evaluating A Forex Broker

Evaluating A Forex Broker

Trading Articles
For many people who may be considering forex trading for the first time, one of the benefits is that it's considered to be a simpler process than, say, delving into the stock market. The ease of entry into the forex market is sometimes cited as one of its most alluring features. To an extent, this means you can set up an account to trade forex with a relatively small sum, particularly compared to other markets. But it also refers to the relative ease of setting up a portfolio. The misconception, however, is that many interpret "ease of entry" to mean that they can simply go online and buy and sell currencies the way they might do when purchasing a commodity like gold or silver (or even Bitcoin). While some experienced forex traders would argue that trades can be executed in a more hassl...
Salesforce.com (NYSE:CRM) could fall to $66

Salesforce.com (NYSE:CRM) could fall to $66

Technical Analysis
Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00. Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here? Year to date, Salesforce.com’s stock has performed at 4.38%.  Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016). RETURNS AND RECOMMENDATION While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration a
Weekly Currency (Futures) Outlook – Jun 13 – 17

Weekly Currency (Futures) Outlook – Jun 13 – 17

Technical Analysis
Weekly Technical Outlook for the currency and commodity markets. Euro: After falling steadily for nearly four weeks, the euro retraced its gains the week before. However, last week saw prices testing the highs above 1.140 but failed to gain higher. As a result the euro fell, to close the week at $1.1298. The retracement to 1.140 this week marks a correction to the upside and we could anticipate near term weakness to continue. The next key levels to watch out for are 1.120 and 1.10. Resistance: 1.140 Support: 1.120 Sterling: The sterling remains capped within a range with last week showing prices breaking out lower. While the sterling closed Friday at 1.426, a 6-week low. Further downside is likely in the near term, with 1.42 coming in as the initial supp...
What is ‘Helicopter Money’ Policy?

What is ‘Helicopter Money’ Policy?

Financial Markets Explained
Helicopter Money is a proposed alternative in the world of easy monetary policy. One could be forgiven to mistake the term as a phenomenon where loads of money is simply dropped from a Helicopter. Helicopter Money is seen by many critics as the next step after Quantitative Easing. Helicopter Money, although might seem new to many has been around for years. The term is attributed to Milton Friedman and his parable of 'Helicopter drop of money' in 1969. “Let us suppose now that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky, .... Let us suppose further that everyone is convinced that this is a unique event which will never be repeated,” (Friedman 1969, pp 4–5) In this article you will learn how helicopter money works, how it can be implem
What is the ECB’s Corporate Bond purchase program?

What is the ECB’s Corporate Bond purchase program?

Financial Markets Explained
After the ECB ventured into the world of quantitative easing as a policy response to deflationary threats and lack of growth in the Eurozone, the markets are abuzz with the latest venture, known as corporate bond purchases starting June 8th. So what are corporate bond purchases how are corporate bond purchases different from regular bond purchases and what impact will it have on the Eurozone economy? This and more questions are answered in this article. ECB's QE - Timeline and Context The European Central bank, embarked on Quantitative Easing when it announced on January 2015 that the central bank would purchase sovereign bonds to stimulate growth in the European economies. While initially starting with a monthly bond purchase program of 60 billion euros, the ECB quickly ramped up their ...