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insight by wfx

Welcome to Wordwide FX's new enterprise!

Insight by WFX is a synthesis of our passion for languages and the financial markets. Here you will find technical and fundamental analyses from our clients, media partners and contributors in different languages, as well as discussions on languages and translation. And of course we will keep you updated on what is happening inside Wordwide FX Financial Translations. Hope you enjoy it! Greetings from the Wordwide FX team!

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04/04/2019

FXTM and Wordwide FX: Four Years of Partnership

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By Wordwide FX Financial Translations

Sometime in 2015 we got a phone call from global FX broker ForexTIme, better known as FXTM. As other big firms in the FX industry, they have clients all over the world and they are aware that speaking to them in their own language is a must, so on top of an expert multilingual customer service, carefully recruited around the world, they needed to partner with a translation company not only familiar with the FX industry, but also with proven knowledge of the financial markets. 

"Can you translate into Vietnamese?", they asked. "Sure!" "We need you to cover for our regular translations provider". "No problem at all"! A few days later they asked for a test into Arabic. Their in-house people checked it and we were approved. Green light!

That was our project number 001. It was almost four years ago. At this very moment our project managers are taking care of FXTM's project number 2606. We are in charge of over 12 website languages and of their experts' technical and fundamental analyses that we translate into three languages on a daily basis.

It is a real pleasure to work with the FXTM team daily. Thank you for your trust.

The Wordwide FX Team

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20/12/2018

Sweden's Burning Christmas Goat

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By Wordwide FX Financial Translations

Via National Geographic

In Scandinavia, a common Christmas symbol of pagan origin is the Yule goat, an ornament in the shape of a goat with horns, made out of straw and tied with plenty of red ribbon.

The Swedish town of Gävle has become world-famous for its gigantic version of the straw goat, placed every year in the town’s central Castle Square.

This tradition was started in 1966, and the 13-metre-high goat even made it into the Guinness Book of Records in 1985 (for world’s biggest straw goat, of course). The Gävle goat has a social media following, but its international fame also stems from a rather unfortunate reason—most years it ends up being destroyed by arsonists and vandals.

Attempts to protect the goat have involved fencing, dousing it in fire retardant, and even volunteer guardians working in shifts, all with mixed results.

This year was the goat’s 50th anniversary, but that did not help it survive. The magnificent straw creature—which takes some 1000 hours to build—went up in flames just hours after its annual inauguration on the first Sunday of Advent.

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14/05/2018

FXTM's analysis in Arabic, Thai, Korean, and Indonesian, by Wordwide FX Financial Translations

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By Wordwide FX Financial Translations

More good news for us at Wordwide FX Financial Translations. One of our best clients, Cyprus-based broker FXTM, has recently entrusted us with the translation of technical and fundamental analysis by the company's top analysts, Chief Market Analyst Jameel Ahmat, Chief Market Strategist Hussein Sayed, and Research Analyst Lukman Otunuga. It's a pleasure and a privilege for us to be a part of FXTM's global strategy and to help them reach out to more and more clients worldwide.

Our partnership with FXTM started over 2 years ago and day by day we've been able to build a fruitful cooperation. Now, we are proud to say we have become one of their most trusted providers of specialized FX translations and that we are in charge of over 15 languages, including Arabic, Indonesian, Spanish, Thai, Chinese, Italian, and much more.

It's a real pleasure to work hand in hand with the FXTM team: Web Content Manager Sofia Kotsou, Email Marketing Specialist Nina Plavnik, and PR Executive Olga Ulasovich, and of course with analysts Lukman Otunuga, Hussein Sayed, and Jameel Ahmat. We want to thank you very much for allowing us to share these fascinating materials here on our blog.

The Wordwide FX Team

 

 

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17/08/2017

Wordwide FX partners with AxiTrader

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By Wordwide FX Financial Translations

At Wordwide FX we are happy and proud to be AxiTrader's choice for translation services.

We have been working for AxiTrader since early this year on translations of their documentation and communications releases into a wide range of target languages, and we are now honored to be their stable partner for language services.

We are aware that the brokerage industry requires quick, efficient, quality information in a broad scope of languages, and they count on us to supply them with what they call for, when they call for it. We work together with AxiTrader to transmit exactly what they need for their always urgent communications requirements.

Marketing Manager for the UK and Europe Mihai Milea says of Wordwide FX's services:

"In almost 10 years of experience in the forex industry, I have never come across a better translation agency. Wordwide FX are for me the gold standard in terms of translation services. They are professional, highly reliable, and the quality of their work has always been excellent in all the languages we support. I am delighted to work with a translations agency that understands very well the urgency forex brokerages face every day and the high standards of quality we require".

Thank so much for your kind words and your trust, Mihai. You know you can count on us, and we're looking forward to being AXiTraders' translation partners for many years to come!

The Wordwide FX Team

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09/01/2017

A new chapter for ForexLive

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By Adam Button @FX_Button, Currency Analyst and CEO at ForexLive. Translated by Wordwide FX Financial Translations

Good news from our partners in ForexLive. Last week, CEO Adam Button announced their partnership with Finance Magnates, a cooperation that will the allow Canada-based FX and financial news portal to maintain their independence. At Wordwide FX we wish the best of lucks and success to our good friends Greg Michalowski and Adam Button, and all the hard-working people at ForexLive. 

Here's Adam piece of news, appeared on ForexLive on Thursaday, January 5th.

"We're so happy to announce today that we've partnered up with Finance Magnates. This is something that's been in the works for months and it's great to finally be able to share the news.

For us, this is an opportunity to focus on what we do best -- analysing the foreign exchange market. For the past few years we have spent so much of our time and energy on business development and technology.

We're proud of the headway we made but we're not web developers or online business experts; we're currency analysts. That's what we want to do and that's why we partnered up with someone who knows the industry better than anyone -- Finance Magnates.

They are the #1 site for industry news. Michael Greenberg is the CEO and he knows everyone in foreign exchange and his people are experts in technology. I can tell you that we have big plans for development that are going to make the site faster, cleaner and far more accessible.

 

 

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06/12/2016

Pocos cambios en el USDJPY tras los datos macro de EEUU

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By Greg Michalowski @GregMikeFX, Director of Client Education at ForexLive. Translated by Wordwide FX Financial Translations

El par se pasea por encima y por debajo de la MM de 100 horas. 

La productividad de EEUU fue un poco inferior en el tercer trimestre del año, en un 3,1%, pero los salarios se sitúan por encima. Esto es lo que parece que ha sucedido: un poco de todo; sin embargo, en general, las cifras de productividad en el 3,1% son positivas. La media entre 2007 y 2015 es de solo un 1,3%.
En cuanto a los datos de comercio, el déficit es superior y se sitúa en un -42,6, frente a una previsión del -42 y el 36,2 del mes pasado. El aumento del déficit es negativo para el PIB, en condiciones generales, de modo que podríamos esperar que las previsiones del PIB del país para el 4º trimestre del año se moderen un poco. 

Desde el punto de vista  técnico, el USDJPY se opera hoy por encima y por debajo de la MM de 100 horas, que ahora mismo está en 113,95. El rango del día es estrecho, de solo 68 pips frente a la media de 157 pips de los últimos 22 días de mercado. Hay espacio para deambular, pero ¿hacia adónde?
Si echamos un vistazo al gráfico horario, veremos que el par se estancó en el retroceso del 38,2% durante la sesión asiática de hoy, en el nivel de 113,494. El máximo se estancó junto antes de alcanzar el máximo del viernes en 114,199. Ahora, descansamos en medio de este rango. Hay un nivel de soporte que aguanta, y otro de resistencia que hace lo propio. 
Todo esto me indica que el mercado está equilibrado. Compradores y vendedores se preparan para el próximo ataque.
¿Pero hacia qué sentido se producirá ese próximo ataque? ¿Habrá un catalizador?
Si somos compradores, lo que queremos es ver al precio escalar la MM de 100 horas en 113,95 y confirmar. Y dado que ese nivel está ya casi en 114, también podríamos esperar romper esta barrera. Si no se puede, podría ser un problema… ¿no?
Abajo tenemos la zona de 113,80-88, donde en el pasado se registraron algunos mínimos y máximos en giro (círculos verdes). En los primeros minutos de Nueva York, entre las 7 y las 8 de la mañana, hora del Pacífico, el precio cayó bajo este nivel y marcó 113,66. Ahora nos hemos recuperado y operamos con más tranquilidad. Si volvemos a bajar de 113,80, deberíamos ver vendedores empujando aún más abajo. Esto es lo que espero desde aquí.
Todavía no lo sabemos, pero si estos niveles están actuando a modo de contención en el mercado ahora, podemos operar en ellos y esperar a que se imprima impulso y seguirlo. Si queremos caer, hay que perforar bajo 113,495. Si queremos subir, debemos romper 114,199 y confirmar.
Como alternativa, también podemos no hacer nada en este nivel neutral y operar si se produce una ruptura arriba o abajo, buscando impulso tras la acción.
En todos los casos, debemos estar atentos por si llega a imprimirse ese impulso. Si el precio escala ahora sobre la MM de 100 horas, nos gustará ver que los compradores siguen insistiendo y el precio remonta sobre 114,00, que está a solo 4 pips de la MM de 100 horas. Si rompemos 113,80, podríamos plantearnos una acción sobre el mínimo de 113,66 registrado en los primeros minutos de la sesión de Nueva York. Si no se imprime impulso, ello implica que el mercado se siente inseguro y que no tiene interés. De hecho, hoy podría ser uno de esos días … Ahora mismo, eso parece, pero podría pasar cualquier cosa.


 

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