Weekly winners of the Demo Championship

United World Capital is pleased to announce the following weekly winners of the Forex Demo Championship for the week 22-26 October:

1st place - Prize $1000 

Goes to: john acc. 46804

2nd place - Prize $800 

Goes to: forexguru acc. 46772, 

3rd place – Prize $500

Goes to: Ebog acc. 45201, 

Most Active Trder Award- $100 

Goes to: Chrek acc. 46278

Congratulations to all winners!

We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship

Remember the Earlier You Join the Contest- the Bigger the Chance You Have of Winning!Sign Up Now! 

http://www.uwcfx.com/en/forex-trading-championship.html

31 October 2012| UWCFX Daily Market Video Reviews

Asian markets are recovering

Today Asian stocks markets except for China are gaining in price. Better than the others looks Japanese Nikkei which has lost yesterday before closing of a trading session about 1%. The bank of Japan expanded yesterday the program of repayment of bonds on 11 trillion yens (to 91 trillion) that practically coincided with expectations, thus was declared that fight against a deflation is a priority task. Accordingly to a regulator estimates, by 2014 inflation in the country should reach level of 0,8%, but the target level is 1%. On this background investors safely can expect further continuous monetary easing policies in Japan. Meanwhile the Japanese yen continues some strengthening after last wave of decrease, and today currency pair USD/JPY already bargains at level 79,6 against 80 on Friday.
Today the trading at the exchanges of USA should renew. The main blow of hurricane “Sandy” is over; the building of the New York stock exchange did not suffer. Investors with big tension expected information on renewal of the auctions - at the end of the week there is coming a lot of an important macroeconomic statistics. In the centre of attention there will be data on a labor market, the last one before the elections in the United States.
In absence of the trading in the USA, the prices for oil following the results of last session showed multidirectional dynamics. The spread in December contracts between the Brent and WTI brands makes at present 23,4 dollars. Volumes naturally appeared essentially below averages. According to Reuters, owing to elements on east coast of the USA, 2/3 of all oil refining enterprises appeared closed. Besides, the stop touched also the largest oil pipeline. Nevertheless, already in the nearest future the situation should be stabilized. Today in the morning we can see Brent traded on 109.20 and Light on a level of 85.99.
One of the world's largest investment companies BlackRock on Tuesday issued the review concerning the market of metals in which expressed opinion on an undervaluation of this type of raw materials. In their opinion, demand from China still remains high, despite decrease in growth rates of economy of Heavenly Empire, and the economic situation in Europe and the USA essentially improved. In this regard, in their opinion, it is possible to expect growth of cost of such goods, as copper, iron ore and others.
We could already observe the result of this statement during Asian trading session; there metal companies were measurably growing this morning.
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30 October 2012| UWCFX Daily Market Video Reviews

USA markets won't work the second day in a row because of the hurricane "Sandy"

Boards of USA have cancelled it work in connection with hurricane for the second day in a row for the first time in a century. So, on Tuesday, October 30, in the USA trading will not be held not only in shares and options, but also bonds.

Also it has been reported that on Tuesday will be closed for citizens’ visits buildings of the federal government in Washington, and the staff of not emergency services will have holiday. Thus the personnel of the companies in the Wall Street will be presented at the New York offices in limited structure, the big part will spend the working day far off.

It is necessary to note that the Ministry of Labor of the USA declared the intentions on report publication for October on Wednesday, as it is planned according to the schedule, despite the problems connected with hurricane.

Hurricane can also influence oil prices. Earlier already it was noted that on its way there can be some oil refineries in the general capacity of 1,2 million barrels per day, or 7% of oil refining capacities of the USA. In this regard production on the majority of the enterprises is already closed. Also we will note that because oil refineries reduce the capacities, oil stocks this week should grow that indirectly conducts to decrease in the oil prices in North America and also to growth of spread of Brent-WTI.

Today, this morning oil is decreasing and traded on a level of 109.05 dollars per barrel for a BRENT and 85.33 dollars for LIGHT.

Gold and silver are moving in a positive direction and are traded on levels of 1711.43 and 31.88 accordingly. Euro is a bit stronger then dollar and is traded on 1.2921. 

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Asian shares edge up on US growth

Asian shares edge higher this morning in signs of stable growth in the United States. The MSCI index of Asia-Pacific shares outside Japan added 0,2 percent after posting its biggest drop in two months last week. Australia and the South Korean Kospi are also up. The Hong Kong and Shanghai indexes ended marginally down. The US markets are closed today due to the storm forecast. New York is expected to be hard hit by Hurricane Sandy and Mayor Bloomberg has ordered evacuation of parts of lower Manhattan.
The US Gross Domestic Product, GDP, rose a mediocre 0,2 in the third quarter to expected 2,0 % for 2012. Housing gave the economy a boost, but business investment is lagging. The growth data point to an economy with little momentum, and leave considerable doubt about its resilience to the so called “fiscal cliff” of tax rises and spending cuts due to take place at the end of the year. With little sign that the growth is poised to accelerate, the US Federal Reserve will have every reason to continue its third round of quantitative easing known as Q3.
Non-residential investment continues to decelerate. There seems to be two reasons for the reversal in capital spending: a weakening in global growth and worries about the fiscal cliff. It is hard to judge which effect is greater. The slowdown in China and other emerging markets which have soaked up US export in recent years probably accounts for a good part of the fall in investment. Investors are also reacting strongly to doubt s about the fiscal environments. Slow steady growth in consumption seems to be the main force supporting growth in the third quarter.
The USD is stronger against the Euro in early trading in Asia at 1.2932. It has though recovered from Friday’s two-week low at 1.2882. The Yen is gaining. USD/JPY trades at 79,72. Big and violent street demonstrations against austerity in Italia, Spain and Greece underline the social and economic explosives caused by the debt crisis in the Euro zone. The dollar index DXY measured against a basket of six major currencies hit a near seven-week high on Friday and is at the same level today. The grim weather forecasts and Hurricane Sandy has stabilized oil prices. Brent crude is trading above 109. Gold and silver are trading slightly higher; 1715 and 32.15.
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Apple iPad sales disappoints

Apple, one of the most valuable public companies in the United States, posted quarterly earnings that fell short of expectations after the close of the US markets yesterday. Earnings a share came in lower than expected and Apple fell 1,4 percent in after hour trading. Equity futures fell on the news Dow Jones and Nasdaq ended up in another uninspiring session on Wall Street. Investors continue to worry about the US economy and a string of weaker than expected company results. 70 % of the companies hitherto reporting have reported lower results than expected.
The negative trend continued in Asia this morning where the major indexes fell. Global concerns on the economic outlook are in the back of investors mind. This together with uncertainties on forthcoming leadership changes in the two biggest economies in the world, US and China, affect the market sentiments negatively. Asian exporters struggle against shrinking global demand for their products. Samsung Electronics, however, is an exception. Samsung reported third quarterly profits for a fourth straight quarter. Profits reached USD 7,4 Billion. Bank of China also reported good results with its biggest quarterly profit in a year. Procter and Gamble was yesterday’s positive exception on the US stock exchanges.
The dollar index and the Japanese yen are down. Bank of Japan has announced aggressive monetary easing which drove the Yen down to 80,05 against the USD. The Euro is also falling. Euro/USD is at 1.2937 after inching towards 1.30 during yesterday’s trade. There are no other big changes in the currency picture.
Oil prices recovered yesterday, but oil is again on defensive in early Asian trade after steep falls over the last ten days. Brent crude is at 107,63. Gold and silver prices, which also recovered yesterday, are again under downward pressure. After staring Asian trade on 1715, gold has fallen ten dollars to 1705. Silver has dipped below USD 32 an ounce. It is expected continued volatility in currency and commodity markets during the last trading day of this week. Stock futures are pointing down.
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Asian shares edge higher

Asian shares edged higher in early Asian trading as signs of recovery in China and the United States eased fears of deteriorating global growth. Market sentiment remained, however, vulnerable when weak corporate earnings continued to undermine investors confidence. The MSCI index for the Asia-Pacific shares were up 0,3 percent. The South Korean Kospi and Australia were also up after a new week session in New York. Both Dow Jones and Nasdaq fell. 

Oil prices fell for its seventh consecutive session on Wednesday after US oil storages were reported higher than expected.  Brent crude has recovered in morning trade at 108,25. NYMEX, New York crude, is at its lowest level since July trading at USD 85,73 a barrel. Copper, a reliable barometer for commodities added 0,9 % to 788,685 a metric ton. Gold which has a strong technical support level on 1700, rose to 1709 after trading close to 17600 yesterday. Silver seems to stabilize on bottom levels in the range between 31,50 and 32.

The USD dollar was stronger against an index of six major currencies. The Japanese yen is at 79,95 against the USD.  The stock markets in Japan have stabilized over the last days after the steep fall in previous weeks. The yen is regarded by many investors as a “safe haven” and tend to increase on uncertainties in the market. The Euro has gained ground both against the yen and the USD, trading close to the 1,30 level against the dollar.  The President of the European Central Bank, Mario Draghi, met German parliamentarians yesterday in an effort to convince law makers on the soundness of ECB’s monetary easing. 

New numbers from the US housing sector gave further evidence that the sector is picking up. New single family home sales surged in September to the highest levels seen in two and a half years. Weak earnings outlooks and US multinationals missing targets, made investors nervous about a slowing economy.  Apple which is the biggest capitalized company in the world is going to present quarterly results today.

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24 October 2012| UWCFX Daily Market Video Reviews

Facebook surprises and jumps 13%

Facebook surprised markets and delivered much better than expected when presenting third quarterly results yesterday. The number one social network rose 13 percent helped by strong mobile advertising revenues. 14 percent of its advertising revenue comes from mobile ads. This is a clear indication that Facebook starts to figure out how to earn money of smartphone and tablet users. Mobile ad revenues totaled USD 150 million in the third quarter compared with 50 million in second and nothing in the first quarter of the year.
Apple launched its mini iPad during the last session. The cost would be USD 299 considerably more expansive than the competitors, Google and Amazon, but half the price of its iPad. The presentation failed to impress markets, and the share fell 3 percent. It was a new dismal session at the US stock exchanges. Dow Jones fell 1,82 and Nasdaq 0,82 percent. The markets are somewhat stronger in Asia this morning helped by stronger PMI-results from China in September. The HSBC’s bank Flash Manufacturing Purchasing Managers index (PMI) rose to a three month high in October signaling a strengthening recovery.
The PMI results are seen by investors as a token that the bottom in the short term downward cycle might be reached in China. The Shanghai composite is up, and futures for Europe and US are positive helped by better commodity prices. Copper prices are stronger than in one week. The Australian dollar which has been under pressure earlier this week is trading stronger on the better perspectives for commodities and a recovery in China. Weak quarterly company results and uncertainties regarding the upcoming presidential elections have put the stock markets under pressure during the last days and reduced the appetite for risk. This has strengthened the dollar and put the Euro under new pressure. EURO/USD is trading at 1.2987 pulling back from last week’s high on 1.3140, but well above October month’s low at 1.2804. The President of the European Central Bank (ECB), Mario Draghi is meeting the German Bundestag today in an effort to convince skeptical parliamentarians on the importance of monetary easing.
Oil prices fell anew dollar yesterday. Brent crude has recovered to 108,50. Also gold and silver prices are trading higher in Asia after new steep falls yesterday.
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23 October 2012| UWCFX Daily Market Video Reviews

Apple saved Wall Street

Apple again saved the day on Wall Street. After the US markets had hovered in the red for most of the session, Apple brought new life into Dow and Nasdaq at the last hour before closing yesterday. Apple is going to announce at press conference today its biggest market product move since the debut of the iPad two years ago. Apple is going to launch a smaller, cheaper tablet in competition Amazon and Google. Apple’s clear intention is to protect its market share and make innovative inroads into new markets. Analysts have for the last month claimed that Apple was planning a less expensive version of the iPad to take on cheaper competitive devices.
Apple shares jumped four percent on the news. In Asia shares inched down on caution over the region’s new corporate earnings season. Global shares faltered overnight on weak earnings reports and outlook. The MSCI index of Asia-Pacific shares outside Japan eased 0,1% dragged down by a decline in South Korean stocks. Nikkei was also down. US stocks were in the red for most of the session after Caterpillar slashed down its forecast for 2012, warning that the global economy was slowing quicker than expected.
USD rose to 80,02 yen, the highest level seen since early July, on expectations on announcements on new monetary easing from the Bank of Japan. The Yen has recovered in early Asian trade. USD/JPY is at 79,85. Euro/USD is steady at 1.3050 level on expectations on bailouts to Spain and Greece in coming weeks. The Euro was also strengthened by a statement from a high European Central Bank official reiterating that ECB is committed to do everything to show the Euro is irreversible.
Crude prices fell one dollar during yesterday. Brent is at 109,30 and NYMEX trades at 89. Gold fluctuated heavily during the New York session. It reached 1730 to within minutes fall back to 1718. Gold is again trading up at 1726. Silver rose to 32,40 but has fallen back to 32,25. Copper prices are stronger in morning trade.
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Asia falls on weak US earnings

Asia started in red this morning in line where the US and European markets ended last week. Disappointing corporate earnings from General Electric and McDonalds, along with steep fall in oil prices and increased worries on Europe’s dept crisis, influenced market sentiments. Negative sentiments are once again prevailing at when a new trading week opens in Asia. Numbers for Japanese exports, a key driver of the world’s third-biggest economy, saw a sharp fall impacting the MSCI-index of Asia-Pacific shares which fell 0,6 percent. Also Korea and Australia are down.
The result season is continuing in the United States this week with Facebook, Yahoo and Apple ready to present third quarterly results. First out is Facebook on Tuesday. Google, Microsoft and Intel disappointed investors last week. That turned around the positive trend we have seen in the stock markets since the Federal Reserve and European Central Bank’s decisions for monetary easing. The outcome of the forthcoming US presidential elections are also weighing in on investor’s sentiments encouraging profit taking and sitting on the fence.
The euro is resilient despite mixed signal from the euro zone over the progress of its three years debt crisis. Euro/USD is trading 0,3 percent up at 1.3046. The final outcome of the Spanish municipal elections which is regarded a test on the government’s austerity policies, are not final. Japanese yen continues to fall. USD/JPY is at 79,50 with the yen 0,3 % weaker. Brent crude has recovered from its bottom close to USD 110 a barrel trading at 110,85. Precious metals that fall steeply last week have recovered somewhat this morning. Gold is at 1726 up from 171. Silver is trading at 32,30, one percent up from bottom levels seen on Friday.
The rating agency Standard and Poor raised over the weekend question marks whether the last Chinese GDP numbers of 7,4% economic growth have been politically manipulated? The real figures were presumed to be closer to 6,5 %. Some analysts see this as part of the Chinese bashing; which has been “popular” in some American political circles lately. From Beijing there is news that Chinese top leaders have asked policy think-tanks to present the most ambitious economic reform proposals for decades. The proposals shall contain to curb the power of state companies and open for bigger discretionary freedom to set interest rates and the value of the Yuan currency.
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EU bank union ready by 2014

EU leaders agreed yesterday to establish a single banking supervisor for the 6000 banks inside the Euro zone by 2014, opening the way for its rescue fund to inject capital directly into debt ridden banks. A legal framework shall be adopted by the end of this year giving the European Central Bank (ECB) overall responsibility for banking supervision. Most day-to-day oversight will still be delegated to national bodies. An effective banking union is regarded as a first important step to overcome the euro zone three-year old debt crisis.

Asian shares eased on Friday as markets consolidated gains from a three-day rally. Last night also Dow Jones and Nasdaq ended in negative territory.  Both Google and Microsoft delivered weaker than expected quarterly results.  This weighed in on market sentiments.

The Euro was resilient trading at 1.3070 in morning hours in Asia 70 basis points down from the one-month high on 1.3140 reached on Wednesday. The single currency edged higher toward Japanese yen which also continued to fall against the USD. The down-side risk for the Euro is looking weaker short-term. The Euro/USD will probably remain in its recent broad range.  Momentum seems to build up to a new test on the technical resistance level on 1.3175.  The dollar index against six most traded currencies remains stabile.

Gold prices slipped to 1735 and trades at present on 1739. Recent positive third quarter company results have together with better housing numbers boosted US Treasury bill yield and supported the dollar. Appetite for precious metals bullions have consequently decreased over the last days. Silver reached 32,70 yesterday down from 33.30. Brent crude fell to USD 112 a barrel.  It has stabilized in morning trade, at 112,40. NYMEX. New York crude is still trading above 92.

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Weekly winners of the Demo Championship

UWC is pleased to announce the following weekly winners of the Forex Demo Championship

for the week 8 - 12 October:

1st Prize - $1000 Bonus 

goes to: fibonacci acc. 433219

2nd Prize - $800 Bonus

goes to: Dira acc. 436038 

3rd Prize - $500 Bonus

goes to: fxeric acc. 431608 

Most Active Trader Award - $100 Bonus

goes to: Ramadan acc. 434841

Congratulations to all winners!

We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship

Remember the Earlier You Join the Contest- the Bigger the Chance You Have of Winning!

18 October 2012| UWCFX Daily Market Video Reviews

Asian shares strike seven-month high

Asian stocks reached a seven-month high this morning on positive US housing data and signs of stabilization in China. The MSCI-index for south east Asia, Shanghai composite and the Australian stock market rose between 0,5 and 1 percent. This, in spite of the fact that China’s GDP third quarter domestic product grew 7.4 percent from a year earlier. This is the seven straight quarter of slower growth.
The numbers, however, met expectations; it is furthermore encouraging that asset investment, retail sales and industrial output exceeded forecasts. Statistical figures for September, the last month in the quarter, are much stronger than the previous two months. The political succession which has created question marks and economic instability seems closer to a solution. These combined factors point to stabilization of the Chinese economy and have lifted the economic sentiment which is more positive than in months reflected by the jump in the Shanghai index over the last days.
The US markets ended flat yesterday night. IBM which constitutes 11 % of Dow Jones, fell 4,91 percent. Intel and Cisco delivered weaker than expected results. US home building came in much stronger than expected and surged to its highest level since the summer of 2008. Together with better than expected third quarterly company results and stabilization in China, the housing numbers shall probably increase investors risk appetite and higher demand for commodities. The bell water Copper futures are pointing strongly upwards. Japanese yen, a safe haven for investors, have fallen substantially during the last week. USD/JPY is trading at 79,165.
The Euro/USD is at 1.3097 after reaching 1.3125 in yesterday’s trade. The Euro has fallen somewhat back in early trading in Asia. That might be seen a technical correction after a strong rally over the last days. Gold has fallen back from yesterdays high on 1753 and trades at 1749. Silver is stabile on 33,18. Brent crude has recovered in Asia again trading close to USD 114 a barrel after falling back to 113. NYMEX is stabile on USD 92. Australian dollar touched a two-week high of USD 1,0395 after the Chinese data. It is now trading at 1.0384. The Scandinavian currencies, Swedish krones (SEK), Norwegian krones (NOK) and Danish krones (DK) are posting gains against the dollar.
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Euro/USD hits one month high

Euro/USD jumped to its highest level since September 17th trading at 1.3092 in Asia this morning. The Euro has increased more than 100 basis points over the last 24 hours after the rating agency Moody’s affirmed its investment grade sovereign rating of Baa3 on Spain, giving investors hope that Madrid shall be able to handle its huge public debt. Moody’s stressed the European Central Bank’s (ECB) willingness to purchase Spanish government bonds and Spain’s willingness to undertake austerity measures.
Some analysts saw, however, the strong increase of the Euro over the last couple of days as merely short covering. Many market players remain cautious of unwinding their bearish stand on the single currency, given the uncertain prospects of how to resolve the euro zone debt crisis anytime soon. A test on how high Euro/USD shall reach in the short term perspective is whether the Euro will push through the strong technical resistance level on 1.3170 which it reached in September.
Stock markets in USA, Europe and Asia had their best days in months helped by stronger than expected quarterly results from major US-companies. Dow Jones added 0,95 % while the technology index, Nasdaq, jumped 1,21 percent. Intel, Caterpillar, United Technology, American express and Boeing all added close to 2 percent and more. Growing risk appetite among investors weighed in on dollar index, measured against a basket of six key currencies, which fell to 10 days low boosting dollar based commodities and commodity linked currencies as the Australian and Canadian dollar and the Norwegian krones (NOK).
Japanese stocks continued to gain after last week’s sell out which took Nikkei to a two and half month low. Investors seem to realize that the stocks have fallen, too, fast and see present prices as a buying opportunity. Precious metals as gold and silver have rebounded from early week’s losses. Gold is at 1753 and silver 33.10. NYMEX, New York crude, continues up and reached above USD 92a barrel. Brent crude is losing momentum from its high yesterday and trades at 114.
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United World Capital Introduces Halloween Booster Promotion!

From today until 31st October every bonus will be boosted with an additional 10%. This means that UWCFX will give an additional 10% on top of every regular bonus in such, the initial deposits will be eligible even up to 40% bonus!
To find out more information about the Halloween Booster promotion contact our representative via Live Chat or send an email to support@uwcfx.com.
*Please note that each client has to contact his or her personal account manager before crediting the accounts to ensure that the deposit is eligible for bonus.

16 October 2012| UWCFX Daily Market Video Reviews

Citi results change market sentiment

What a difference a day in the market might make. The trading week started on a pessimistic note and worry over expected quarterly results from the US banking heavy weights. When Citi group, which was first out, delivered strong results during the early New York session, the sentiment changed. J P Morgan and Bank of America which are next in line jumped 3,5 % on expectations that they will follow suit. Both Dow Jones (plus 0,72 percent) and Nasdaq (0,66) climbed and so did the MSCI index for the South East Asian Pacific (up 0,5 %) followed by Nikkei (0,9 % gain) in Japan and the Shanghai composite.
The Euro which has been under a lot of pressure during the last days, seemed for a moment to have forgotten debt problems in Greece and Spain. The Euro added 70 basis points towards the USD and trades at 1.2962 USD/JPY is falling to 78,89 indicating that a stronger risk appetite is back among investors. Greece’s benchmark 10 year bond yield fell to 17,51 percent, which is the lowest level seen since August 2011. This as investors scaled back bets on Greece leaving the Euro.
Also commodities rose after lackluster trading yesterday. Copper is up followed by precious metals. Gold is at 1737 after hitting its lowest level in over one month at 1728 on Monday. Silver is trading at 32,85.
Brent futures is holding steady above USD 115 a barrel on supply concerns after the European Union slapped more sanctions on Iran. Ample supplies and healthy inventory in the United States capped further gains. NYMEX, New York crude, was stabile at USD 91 level. EU imposed further sanctions on Iran’s banking, shipping and industrial sectors in an effort to force Tehran to halt its disputed nuclear program. The measures came days after Iran said it would negotiate on halting higher-grade uranium enrichment if they were given fuel for a research reactor. Iran maintains that its nuclear project has only peaceful energy purposes.
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15 October 2012| UWCFX Daily Market Video Reviews

Shares fall on earnings worry

Stock prices fell in Europe and United States last week on worries on corporate earnings. Stocks also fell in early morning trading in Asia on growth concerns ahead of the third-quarter corporate earnings session. The Euro slipped against the USD on lack of clarity over Spain’s bailout prospects. EURO/USD trade at 1.2901. The dollar index against a curve of six major currencies is up 0,3%. The stronger dollar is undermining dollar denominated commodities. Copper is falling to its lowest level in two weeks. Brent crude is down half a dollar to 114. Precious metals are continuing its fall from last week. Gold drops 20 dollar an ounce trading at 1643. Silver is at 33,20.
European shares are expected to open lower. Futures for the US are flat compared with Friday. The MSCI-index for the South East Asian Pacific fell 0,3 percent. The Japanese Nikkei added 0, 4 %. The forecast for third quarter growth in China is expected to be 7,4% in line with expectations. Some major Chinese firms have issued profit warnings which did not help encourage market sentiments. A decline in Chinese consumer and producer prices in September left scope for policy easing for Chinese authorities to underpin growth.
The US markets wrapped up their worst week in four months led lower by financial shares. More financial institutions are going to report earnings over the next days including Citigroup, Goldman Sachs and the Bank of America. This amid concerns about their shrinking profit margins.
The International Monetary Fund half annual meeting ended in Tokyo over the week end. Federal Reserve’s President Bernanke came under strong pressure from ministers from developing countries. Both the Brazilian, Chinese and to a minor degree the Russian minister of Finance were critical to the world wide effects of monetary easing which put strains on the exports from the developing countries and undermine their currencies by seeing a free flow of cheap dollar entering their markets from the United States. Bernanke countered by stressing that US growth is the very engine for the whole world economy.
Stocks, commodities and currencies are expected to come under heavy downward pressure during the day.

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WEBSITE IS NOW AVAILABLE IN MALAY

United World Capital (“UWCFX”) has good news for all Malay-speaking clients: our website has been launched in Malay.
Clients’ comfort is our top priority, which is why we make all possible efforts in order to make your trading experience with our company as convenient as possible. Our goal is to make your business easy and profitable. Our nearest plans include launch of the Client Cabinet in Malay, as well as translation of both – website and Client Cabinet – to Czech, Chinese, Arabic, Polish and Swedish.

Please follow our Company’s News and our Facebook page for any updates.

USA: by the session end optimism disappeared from the market

On Thursday, main American indexes finished trading session with minor change. If at opening of the session moderate optimism concerning positive statistics on a labor market was observed, by the session end the enthusiasm left the stock markets. Indexes of Dow Jones and Nasdaq rolled down in a small minus; upon Nasdaq, in particular, was pressed by decrease in prices of Apple (-2 %). Appeared information that the European politicians can suggest to delay introduction of the toughened requirements to the capital of banks, was disproved later by Othmar Karas.
Yesterday it became known that the number of primary requests for unemployment benefits fell to the minimum level since February, 2008 of 339 thousand that appeared much better than forecasts of economists (370 thousand). The statistics on trading balance was worse than expectations - deficiency extended in August to $44,22 billion, having exceeded forecasts of economists.
Following the results of the trading session the indicator of "blue chips" the index of Dow Jones Industrial Average lost 0,14 % and was closed on a level of 13326,39 points, the index of the wide market S&P 500 increased for 0,02% to level of 1432,84 points, and the index of the hi-tech companies Nasdaq went down for 0,08 % to a level 3049,41 points.
Shares included under of "blue chips" showed mixed dynamics. Better than the market looked Bank of America (+1,41%), JPMorgan (+0,79 %), UnitedHealth Group (+0,96 %), American Express (+0,86 %), with fall over 1 % finished Verizon Communications, AT&T and Walt Disney.
The price for oil futures for Light brand following the results of the trading session on NYMEX raised on 82 cents or 0,9 % to level of $92,07 for barrel. Oil rose in price as a result of retreat of dollar and against improvement of the American data on employment.
The price for futures for gold on COMEX raised for $5,50 or 0,3 % to value of $1770,60 for troy ounce. Gold added in the price owing to dollar weakening of the position in a basket of world currencies.
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11 October 2012| UWCFX Daily Market Video Reviews

Asian shares trade weaker

Asian shares tracked Wall Street lower on Thursday morning as weak forecasts for major US corporations underscored concern over global demand. Dow Jones traded 0,95 percent down and the technology sell out seen in the beginning of the week continued with Nasdaq losing 0,43 percent. Alcoa, Chevron, Cisco and Home Depot were the big losers. The oil giant Chevron issued a profit warning for its third quarter result and fell 4 percent. Alcoas grim outlook for global aluminum consumption led to a similar fall. The Asian indexes continue to fall. The Nikkei index for Japan was down for the third day in row.
Commodity prices are under pressure. The Euro remained on the back foot due to uncertainty over Spain’s bailout prospect and Standard and Poor’s downgrading of Spanish debt. The Euro is trading at its lowest level in October. It dipped to 1.2835 on Wednesday and recovered to 1.2865 in early Asian trade. USD/JPY is stronger at 78.05. There are small changes in the overall currency picture. Employment number from Australia was stronger than expected, and the Australian dollar rose for the third day against the USD. Two of the leading emerging market economies, Brazil and South Korea, have both lowered their interest rate.
The tension in the Middle East escalated yesterday when Turkey forced a civilian airplane on route from Moscow to Damascus to land in Ankara. The tense situation continues to have an impact on the oil prices which are steadily up due to concerns over supply. There is fear that the Syrian-Turkey crisis could spill over and further escalate the high tension level between the West and Iran on its nuclear program. Brent crude is trading close to USD 115 a barrel. Precious metals are stable. Gold is trading between 1760 and 1765 with silver stabilizing on USD 34 an ounce.
The International Monetary Fund, IMF, which presented its global growth half yearly forecast this week ahead of its meeting in Tokyo, expresses concern on the slower growth in China and urges swifter action in Europe as the euro zone debt crisis drags on. IMF expressed frustration over Europe’s piecemeal response to its debt crisis, and warned that the respite in borrowing costs in debt laden countries as Spain and Italy might prove short-lived unless Euro zone leaders take more firm action.
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Weekly winners of the Demo Championship

UWC is pleased to announce the following weekly winners of the Forex Demo Championship
for the week 1 - 5 October:

1st Prize - $1000 Bonus
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10 October 2012| UWCFX Daily Market Video Reviews

Dollar rises on gloom concerns

Asian shares fell on Wednesday after a technology sell out on Wall Street last night. The Japanese Nikkei dropped 1,86 percent after car exports to China tumbled. Toyota, Nissan and Mazda saw their exports reduced to half in September. The Euro/USD also tumbled to 1.2859, down 75 points from its high on Tuesday. Angela Merkel was met by mass demonstrations and street fights between austerity measure protesters and police in Athens. Merkel assured the Samaras-government that Germany would support continued Greek membership in the EURO conditioned of willingness to carry through the tough austerity measures.
Concerns on companies’ third quarter results and the Chinese economy dragged stock markets down and created new volatility in currency markets. Shares of the world’s largest semiconductor maker, Intel, lost 2,7 percent on downgrading due to weak demand for notebooks. The whole technology sector came under strong pressure. Both Apple and Google have fallen strongly during the last trading days. The aluminum producer Alcoa issued a profit warning due to weaker Chinese demand. A Chinese expert in the French Credit Agricole, countered by saying that some Western medias and companies are trying to bash China negatively. Chinese aluminum export has increased strongly over the last year, and big infrastructure projects mean that China will continue to import huge quantities of raw materials. Growth forecasts of 7, 5 – 8 % for China for 2012 is far outnumbering a recession stricken Western economy.
Oil prices have risen strongly over the last 24 hours. Brent crude reached USD 114 a barrel with New York crude, NYMEX, again trading above USD 92. Increased tension in the Middle East is behind the spike in oil. Turkish forces have amassed tanks and troops in the Syrian border ready to hit. An escalation in the late border skirmishes between the two countries will increase the risk for a NATO intervention Turkey being a NATO member. Precious metals were down yesterday and in early Asian trade with Gold 1765.
The last half yearly report from the International Monetary Fund, IMF, is highlighting the problems the Euro zone represents to the global economy. IMF urged European politicians to deepen its financial and fiscal ties to restore sagging confidence in the global financial system. The austerity measures offered by the IMF and leading Euro-countries like Germany, have, however, worked poorly. Greece is entering its sixth year of recession with strong social and economic costs, witnessed by Merkel’s visit to Athens. Merkel’s visit has done little to calm the unrest in the streets. It might, however, have given the three part coalition of Antonis Samaras a briefing spell to carry through highly unpopular cuts which primarily hit the weakest strata of the population like pensioners and the increasing number of unemployed. The currency markets answer to the last pictures from Greece is to send the Euro down illustrating the volatility inside the Euro zone and question marks whether European finance minister have done enough to turn the tide around.

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Shanghai jumps on policy support

The Shanghai composite index jumped with 1,2 percent this morning as the governor of the Chinese central bank stressed the need for monetary flexibility, sustained growth and financial reform. The statement was seen as Chinese political willingness to take necessary steps to encourage the economy which according to the last global economic analysis from the International Monetary Fund (IMF), will grew 7,8 % in 2012. IMF has lowered its forecast for global economic growth from 3,5% in July to 3,3 percent. IMF is painting a grim picture especially of the development in the euro zone where economic growth forecasts are lowered from 0,5 to 0, 3 %.
Other Asian exchanges were also up in Asian trading except for the Japanese Nikkei which falls 0,3 %. MSCI for the south east Asian Pacific is up 0,6 and Australia with 0,5 percent helped by higher copper and precious metal prices. Oil prices are also up. Brent crude is at 112,67. Futures for the stock exchanges in Europe and the US are pointing to a positive start after concern over China and weaker third quarter profit earnings for US-companies, spoiled the party both in Europe and US yesterday. Dow Jones was down 0,19 percent while the technology stock index, Nasdaq, fell with 0,69 percent.
EURO/USD has been trading far below its Friday peak on 1.3172. The Euro fall below 1.29, but has recovered slightly at 1.2987 in early morning trade. The EU Finance Ministers met in Luxembourg and have agreed on an emergency fund on 472 billion Euros to eventually pump into banks and sovereign states. The ministers seem also to have agreed on a single supervision for euro zone bank which will strengthen cohesion and the mutual currency. Spain has not yet decided on whether to ask for a sovereign bail-out. German chancellor Angela Merkel is visiting Athens today in an effort to boost the three party coalition governments which has come under increased pressure following new scandals and accusations of cover up of a list of Greek politicians and business people seeking to avoid taxes by stuffing funds in Swiss banking accounts.
The USD/JPY has recovered from yesterday’s low trading at 78,40. The Australian dollar which reached a three week low yesterday, has gained 0,5 % in relation to dollar on the statement from the Chinese central bank governor. Precious metals are on rise. Gold which fell to 1771 yesterday is trading eight dollars up at 1779. Silver is recovering from the low of 33,75 and trades at 34,20. In Europe the Swiss franc is under pressure.
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Currencies mixed after jobless data

The United States unemployment rate dropped to 7,8 percent, a near four-year low, down from 8,1 percent, on Friday giving markets a welcome boost at the end of last week. There are different interpretations of the better unemployment figures, but the overall picture is that America’s labor market appears to be in better shape than originally thought, if only slightly. The chief economist of one of the world’s biggest banks stated that “The labor market situation in US is slowly improving”.

The most encouraging aspect of the data is the large and unexpected decline in the jobless rate which gives President Barack Obama some reason for joy after a disappointing first debate with this Republican opponent, Mitt Romney, last Wednesday. The fall in unemployment occurred due to the numbers of employed Americans soared by 873 000 while the number of unemployed fell by 456 000. A worrying signal though is the jump in part-time workers suggesting that many Americans are not finding the well paying full time positions they would like to see.

The dollar index fell 0,2 percent as the euro gained 0,3 percent to USD 1.3049. The euro is falling back in Asian trade during the morning hours and is at 1.2987 against the USD. There are nervousness regarding the meeting with EU finance ministers in Brussels today and Angela Merkel’s surprise visit to Greece tomorrow where an apparent cover up of a memory stick with a list of nearly 2 000 Greeks with Swiss bank accounts threatens to become a political firestorm with demonstrations against the Samaras-government.

The dollar, however, surged against the Japanese yen, gaining 0,5 % after the release of the better unemployment figures. The Yen also fell against the EURO. USD/JPY has recovered slightly in morning trade and stand at 78,54. Both crude oil and precious metals fell on the unemployment news. Brent crude is trading at USD 11,40 a barrel and gold is at 1772. The Asian stock exchanges are all trading down before the Brussels finance ministers meeting. Shanghai composite index fell 0,9 % after being closed one week for holidays.

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