Posts from: June 2012

PipJet Launched

Yesterday was an incredible success! People can’t stop talking about PipJet!

Forums, chat rooms, emails… The net is buzzing with activity from every corner!

We’ve launched the world’s new #1 EA and we did it in style! The response from traders has been just fantastic.

No matter how much preparation you put in to something, you still always have that nagging feeling that people won’t like it.

Those fears have been well laid to rest!

It’s hard to believe how far we’ve come from noticing weird activity on the market years ago…to creating the world’s #1 Fx Bot…AGAIN!

If you haven’t seen our latest creation yet, you can find it at:

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Forecast for the week 25.06.2012 – 29.06.2012

Starting from Monday, June 25th, the Dollar will be under the influence of the final results of the EU finance ministers’ summit which will be held at the weekend. It is expected that by Monday the situation around the financial assistance for the banking sector of Spain can clear up. This event will be central for the whole upcoming week from June 25th to June 29th. No significant macroeconomic statistics from the U.S. is planned for this period. If the EU financial authorities’ meeting ends without any special announcements, the Dollar has the potential to further increase its pressure on the competitors.

The bidders on the EUR/USD pair will also closely monitor the meeting of the EU finance ministers. The European currency strengthened its positions in the previous weeks on the expectations of a successful outcome of the parliamentary elections in Greece. However, as the optimism inspired by this event runs out and Spain with its problems in the debt capital market, economy and the banking sector shifts into the spotlight, the European currency comes under pressure again. We believe that within the next week it can test the support in the area of 1.2330.

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Review of the trading week 18.06.2012 – 22.06.2012

The Dollar was trading in different directions in the period from June 18th to June 22nd, as the currency market participants digested a number of key events: the results of parliamentary elections in Greece, the summit of the “Big Twenty” in Mexico, the U.S. Federal Reserve meeting and the results of the audit of the banking sector in Spain.

The USDX Dollar Index lost about 0.9% at the beginning of the week, after it became known that the majority of the votes were given in favor of the “New Democracy”. However, difficult negotiations with its competitors about the possibility of forming the ruling coalition were awaiting it. Moreover, the yield on the ten-year bonds of the Government of Spain was again under pressure, and exceeded the mark of 7%, which was considered critical due to the fact that it was at that level that the governments of Greece, Portugal and Ireland asked for the financial assistance. Accordingly, the risky assets were again under pressure, and the Dollar began to strengthen its positions as a traditional defensive tool.

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PipJet Strategy Disclosed IN FULL!

Yesterday after we released the strategy disclosure video and our five live trading accounts, we were inundated by a deluge of emails from all over the globe!

Our support staff still haven’t been able to dig themselves out from under this avalanche!

It’s terrific though, we’re glad that it shook up the FX world because it made people sit up and take notice of what’s going on!

We love doing the “First Time Ever” in FX because it forces every other developer out there to up their game.

That’s what happens in this industry, people get too comfortable and that’s when the nefarious vendors crop up and start taking advantage!

Let’s see them expose the inner workings of THEIR bots!

It’s got to make sense to the trader, if it doesn’t make sense you just don’t trade it – it’s that’s simple!

But, hey…there’s something else that I’m think about right now and that is….

Tomorrow is LAUNCH DAY!

We’ve been building up to this for two years now. We’re very proud of everyone who’s worked on this project with us. It’s been quite a journey, and for some of us, it’s just beginning.

Tomorrow we hope to welcome many, many new members into the PipJet family.

That’s all for today, we’ll have more for you tomorrow!

PipJet goes LIVE at 9am EST the 26th of June (Tuesday)!

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