US markets will be on Thanksgiving holiday next Thursday but in general, we don’t expect market volatility to drop a lot as a number of important economic data are scheduled to release throughout the week. But in any case, main focus will still be on developments in the stock markets. As mentioned before, most major currency pairs and crosses are still bounded in established range and sustained selling in the stock markets is needed to trigger a decisive breakout from the current ranges.

From US, existing home sales, new home sales, house price index Q3 GDP revision, consumer confidence, Oct Personal income and spending, durable goods will be released. From Eurozone, main focus will be on Germany Ifo on Monday and HICP flash and unemployment on Friday. Other data include Germany Gfk and unemployment, Eurozone business climes, industrial orders, and current account. UK Q3 GDP, Gfk consumer sentiment will be featured. From Japan, main focus will be on Friday’s string of economic data including Oct CPI, household spending, industrial production, retail sales and housing starts. Canadian retail sales and PPI will be released. Swiss KOF will also be featured.

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FXCM 2008: Even Lower Spreads

FXCM’s (www.fxcm.com) No Dealing Desk trading platform recently added an additional bank as a price provider, bringing the total to seven global banks that compete to provide pricing for FXCM’s Trading Station. Over the last three months, typical spreads have already tightened.

Watch closely for lower spreads in the following currency pairs:

Currency Pair
Typical Spread
As Low As

EUR/USD
2.3
0.9

USD/JPY
2.9
0.5

GBP/USD
3.7
0.8

USD/CHF
3.8
1

EUR/CHF
2
0.1

AUD/USD
3.7
1

USD/CAD
4.8
1

NZD/USD
4
0.8

EUR/GBP
2.4
0.6

EUR/JPY
3.9
0.6

GBP/JPY
5.3
3

CHF/JPY
3.5
1

"FXCM’s No Dealing Desk trading platform aims to provide transparent and fair execution. Every trade is executed back to back with one of the world’s premier banks, or financial institutions, which compete to provide FXCM with bid and ask prices," said Drew Niv CEO of FXCM. "The best spreads available to FXCM are streamed to you with a small mark-up, which is generally one pip or less for major currency pairs."

For a complete list of currency pairs and their new tighter spreads, please go to www.fxcm.com

If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at 888-503-6739, or email us at info@fxcm.comThis email address is being protected from spam bots, you need Javascript enabled to view it .

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FXCM Facts
Forex Capital Markets LLC is one the Largest Forex Dealer Members
More than 100,000 live accounts are traded on FXCM trading platforms
Over $200 billion in notional volume is traded each month on FXCM trading platforms
As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM.
FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
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Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660