
Increased risk appetite weakens the U.S. Dollar, boosts stocks
The economic figures published yesterday in the U.S. are another factor [...]
Update: Apparently Wall Street didn’t agree with me – FXCM’s stock price tumbled by more than 13% today. Good thing I’m not a trader.
FXCM’s Q3 2011 numbers are out and show outstanding growth in revenues. October retail forex volumes are down 8% but institutional ones are up by 35%. For the first time FXCM also shows average number of institutional trades a day – which is 90% higher in October comparing to September. All in all solid results that might help FXCM’s stock, which suffered from several downgrades lately, to rebound.
Highlights:
Friday, 11 Nov, 2011 / 5:04
Source : http://forexmagnates.com/fxcm-announces-quarter-2011-results-october-operating-metrics-revenues/
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