Global launch of the World Economic Situation and Prospects 2013

Every year some 60 staff members from the UN Department of Economic and Social Affairs (DESA), the UN Conference on Trade and Development (UNCTAD) and the five UN Regional Commissions, as well as most recently the United Nations World Tourism Organization (UNWTO), work together to produce a joint publication of the World Economic Situation and Prospects 2013 (WESP), the report of the United Nations on the state of the world economy.

EUR/USD Extend Drop for Second Session

EUR/USD extended its yesterday’s drop for the second session today as Forex market participants are still tries to swallow the comments of US policy makers. The data was mixed as the robust housing data and the unexpected expansion of manufacturing did not help the leading index to rise much. What is even more important, unemployment claims rose yet again, suggesting that stable employment growth was not reached yet. This means that an end to quantitative easing will likely be postponed.

Forex Brokers Update

This week has brought one new broker:
Alpha Trading — a shady company of obscure origin. The broker offers MetaTrader 4 accounts starting from $1,000 and provides floating spreads that are rather low. Despite the high minimum account size, micro-trading is enabled. Only Forex instruments (and not too many of them) are available with Alpha Trading.