Forex
Top brokers USA
![Best US brokers](https://letizo.com/wp-content/uploads/2022/08/Top-brokers-USA.jpeg)
Due to the strictness of the supervisory agencies to the investment market in the United States, traders who choose a company from the top U.S. Forex brokers are well protected from fraud and dishonesty on the part of these companies. The very fact that the company is regulated by the NFA and the CFTC is considered proof of high security of investment.
When choosing in favor of Top brokers Usa, you need to be prepared for quite strict requirements and for the work of the trader. It is time to understand the peculiarities, and determine the best broker to serve, considering the nuances of local regulation.
Best US brokers: peculiarities and regulation in the USA
Each of these companies is subject to the following restrictions:
- There is a leverage limit of 1:50 (major pairs) and 1:20 (minor pairs) on trades.
- Investors from the USA have the right to choose for trading only their own brokers, regulated by the NFA.
- The funds, which an investor gives to a broker for transactions, are kept strictly in selected institutions.
- For retail brokers, the minimum threshold for maintained capital is 20 million USD plus 5% of the amount exceeding the 10 million USD threshold on commitments to investors.
- Weekly reporting is provided to the NFA with a demonstration of full compliance of all financial indicators of the company with the requirements of the regulator.
- Not allowed, when the capital is trying to protect against fluctuations in the conclusion of fixed-term contracts at a fixed rate current to the signing. Such behavior is not profitable, though it gives a guarantee of the safety of invested capital.
Best forex brokers 2022
Each of the best forex brokers in 2022 with the regulation is considered reliable for work, but there are no uniform norms and terms of cooperation. It is necessary to dive into the study of brokerage companies, identifying the most suitable ones for working with foreign traders. In the presented review of the US brokers the most interesting companies are described, which deserve the trust of their clients by many years of impeccable work.
- forex.com — is well known to investors in different parts of the world.
- Oanda — activity is organized according to the requirements of NFA (USA)
- FXCM — works since 1999 and has earned the trust of thousands of investors around the world.
- IG — created specifically to promote the famous British brand IG.
- TD Ameritrade — The company created for traders in the U.S.
- Interactive Brokers is one of the oldest companies.
- SaxoBank — the fact of cooperation with the NASDAQ and the New York Stock Exchange speaks of the broker’s status and reliability.
Advantages and disadvantages of trading via an Top brokers USA
In addition to the usual function of the intermediary, a broker acts as a financial guarantor of the safety of transferred capital. If the best US brokers have a license from the regulator, you can safely invest money without fear of fraud or bankruptcy.
If for the investor represents a haven, for the company itself, such a careful attitude from the regulatory agencies means unnecessary problems and difficulties. If a broker cannot meet the strict regulations of the USA, he willingly opens a business in an offshore zone, where there are not so strict controls and restrictions.
Forex
Major Russian lenders say yuan coffers empty, urge central bank action
![](https://letizo.com/wp-content/uploads/2024/09/major-russian-lenders-say-yuan-coffers-empty-urge-centralbank-action_66dc6b1523127.jpeg)
By Elena Fabrichnaya
MOSCOW (Reuters) – Major Russian banks have called on the central bank to take action to counter a yuan liquidity deficit, which has led to the rouble tumbling to its lowest level since April against the Chinese currency and driven yuan swap rates into triple digits.
The rouble fell by almost 5% against the yuan on Sept. 4 on the Moscow Stock Exchange (MOEX) after the finance ministry’s plans for forex interventions implied that the central bank’s daily yuan sales would plunge in the coming month to the equivalent of $200 million.
The central bank had been selling $7.3 billion worth of yuan per day during the past month. The plunge coincided with oil giant Rosneft’s 15 billion yuan bond placement, which also sapped liquidity from the market.
“We cannot lend in yuan because we have nothing to cover our foreign currency positions with,” said Sberbank CEO German Gref, stressing that the central bank needed to participate more actively in the market.
The yuan has become the most traded foreign currency on MOEX after Western sanctions halted exchange trade in dollars and euros, with many banks developing yuan-denominated products for their clients.
Yuan liquidity is mainly provided by the central bank through daily sales and one-day yuan swaps, as well as through currency sales by exporting companies.
Chinese banks in Russia, meanwhile, are avoiding currency trading for fear of secondary Western sanctions.
At the start of September, banks raised a record 35 billion yuan from the central bank through its one-day swaps.
“I think the central bank can do something. They hopefully understand the need to increase the liquidity offer through swaps,” said Andrei Kostin, CEO of second-largest lender VTB, stressing that exporters should sell more yuan as well.
The acute yuan shortage also follows months of delays in payments for trade with Russia by Chinese banks, which have grown wary of dealing with Russia after U.S. threats of secondary Western sanctions. These problems culminated in August in billions of yuan being stuck in limbo.
Russia and China have been discussing a joint system for bilateral payments, but no breakthrough is in sight. VTB’s Kostin said that since Russia’s trade with China was balanced, establishing a clearing mechanism for payments in national currencies should not be a problem.
Forex
Bank of America sees more downside for the dollar
![](https://letizo.com/wp-content/uploads/2024/09/bank-of-america-sees-more-downside-for-the-dollar_66dc6b1b4bb7b.jpeg)
Investing,com – The US dollar has stabilized after a sharp fall in August, but Bank of America Securities sees more troubles ahead for the US currency.
At 07:20 ET (11:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 101.077, having largely held its course over the last week.
That said, the US currency is still down 1.6% over the month.
The dollar’s selloff last month stood out in a historical context, according to analysts at Bank of America Securities, in a note dated Sept. 5.
The greenback has since stabilized, however, despite the outsized weakness, the US bank still sees three reasons to stay bearish on the Dollar Index (DXY).
Following similar episodes of bearish DXY breakouts, the index has tended to continue its downtrend, the bank said.
In the last 3 analogs, DXY index fell on average for another 4% before reaching a bottom. Extending this analysis to bilateral USD/G10 pairs suggests a continuation of the USD downtrend is more likely vs EUR, GBP, and AUD than SEK, NOK, and CHF in G10.
While the DXY made a new year-to-date low in August, broad nominal and real USD trade-weighted indices have stayed at Q4 2022 levels and would suggest the USD remains overvalued.
The USD selloff in 2024 has been concentrated in and other European currencies, leading to DXY divergence from other USD indices.
The bank also noted US 10y Treasury yield’s tendency to fall after the first Federal Reserve cut, while global financial conditions are set to loosen further.
“USD may see more weakness as other central banks, particularly the ones that cut policy rates ahead of the Fed, can now afford to let the Fed do some of their work and indirectly support global economies outside of the US,” BoA added.
Forex
Dollar’s demise appears overstated – JPMorgan
![](https://letizo.com/wp-content/uploads/2024/09/dollars-demise-appears-overstated-jpmorgan_66dc6b208bdf2.jpeg)
Investing.com – The US dollar has had a difficult summer, dropping substantially during the month of August, but JPMorgan thinks those predicting the demise of the U.S. currency are getting ahead of themselves.
At 06:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 101.127, having lost 1.6% over the course of the last month.
“Diversification away from the dollar is a growing trend,” said analysts at JPMorgan, in a note dated Sept. 4, “but we find that the factors that support dollar dominance remain well-entrenched and structural in nature.”
The dollar’s role in global finance and its economic and financial stability implications are supported by deep and liquid capital markets, rule of law and predictable legal systems, commitment to a free-floating regime, and smooth functioning of the financial system for USD liquidity and institutional transparency, the bank added.
Additionally, the genuine confidence of the private sector in the dollar as a store of value seems uncontested, and the dollar remains the most widely used currency across a variety of metrics.
That said, “we are witnessing greater diversification and important shifts in cross-border transactions as a result of sanctions against Russia, China’s efforts to bolster usage of the RMB, and geoeconomic fragmentation,” JPMorgan said.
The more important and underappreciated risk, the bank added, is the increased focus on payments autonomy and the desire to develop alternative financial systems and payments mechanisms that do not rely on the US dollar.
“De-dollarization risks appear exaggerated, but cross-border flows are dramatically transforming within trading blocs and commodity markets, along with a rise in alternative financial architecture for global payments,” JPMorgan said.
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