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Foreign exchange market

Euro Rate: Mid-Term Correction is Getting Deeper

25 January 09:56 AM


 

Forex news.

At the beginning of American trading session at FOREX market EURUSD currency pair has turned to correction to entire bullish trend of h4 wave level.
According to the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy, the course of events during one session is better observed within timeframe m15. The timeframe clearly shows “ABC” structure, the last wave of which bears strong impulse nature. This feature of wave “C” is to be kept, keeping in mind that wave “C” and wave “C” of “ABC” structure as one of the types of wave analysis are not always the same.

 

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Aleksandr Kozenbaev, trader of SRP Sub-department within Masterforex-V Trading Academy
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Hot news
Gold And Silver: Daily Market Outlook. Feb 22nd 2012
HSBC: Euro Will Strengthen In Q1 2012
Deutsche Bank: Japanese Yen Will Strengthen Further
GBPUSD: Budget Surplus Fails To Support British Pound

Gold And Silver: Daily Market Outlook. Feb 22nd 2012

 

 

The political risks in the Middle East increased yesterday. Under the global pressure, China, India and Japan promised to lower their imports of crude oil from Iran at least by 10%.
 
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HSBC: Euro Will Strengthen In Q1 2012

 

 

The EU authorities have finally decided to provide Greece with another substantial loan in order to help it avoid a default in March. Consequently, the common European currency has got another chance to appreciate. The major negative factor is eliminated.
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Deutsche Bank: Japanese Yen Will Strengthen Further

 

 

According to analytic team of Deutsche Bank, the Japanese Yen will strengthen further despite the Bank of Japan’s recent steps aimed at curbing the strengthening of Japan’s national currency. The expected target is 75.00.
 
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GBPUSD: Budget Surplus Fails To Support British Pound

 

 

In January 2012 the UK budget saw a considerable surplus (₤7,75B). It became possible due to much lower net borrowings. This is the biggest surplus since January 2008. Over the last year, the borrowings have been reduced by ₤15,7B down to ₤93,5B.

 

Publication date: 22 February 07:24 AM
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AUDUSD: Australian Dollar Exchange Rate Will Depend On Inflation

 

 

The Reserve Bank of Australia is determined to leave its key interest rate unchanged at 4.25% if the situation in Europe stabilizes and the Australian economy remains strong.
Publication date: 22 February 07:12 AM
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USDCHF: Lower External Trade Surplus Fails To Curb Swiss Franc Strengthening

 

 

Switzerland’s balance-of-trade surplus declined down to 1.563B francs in January 2012 due to lower exports. Consequently, multiple analytic forecasts failed as the experts had anticipated an increase up to 2.5B francs.
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Euro Rate: Can One Survive in the Narrowing Flat?

Forex news.
Having delved into a range of sub-waves within narrowing correctional flat of h1 wave level at the beginning of the week, EURUSD currency pair is acting in a rather mysterious way at FOREX market. At the same time, one may seek for profit-making market trends at lower timeframes.

Publication date: 22 February 04:33 AM
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EURUSD: Market Outlook

 

The leaders of 12 EU countries signed an open letter addressed to Herman Van Rompuy, President of the European Council, and José Manuel Barroso, President of the European Commission. The letter was initiated by the UK and Spain . France and Germany, the eurozone’s biggest economies, didn’t sign the letter.
Publication date: 22 February 03:46 AM
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Euro Rate: Good Word and Currency Feels Good

Forex news.
Negotiations of Finance Ministers of euro zone on the matter of “final” approval of Greek support package to Greek has lasted for over 12 hours. By 7 a.m. Moscow time the decision has been made. The second, 130 billion euro, support package has been assigned to the country. Greek Prime Minister Lucas Papademos has called this occasion “historic”.

Publication date: 21 February 06:55 AM
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Euro Rate: Adherence to Bullish Trend

Forex news.
Not waiting for the start of European trading session at FOREX market, EURUSD currency pair has jumped 100 points up to the point of 1.3293, having exceeded yesterday’s local maximum. This has proved the high inertness of price and adherence to the trend.
At the same time, timeframes from m5 to h1 give signals of the possible termination of rising trend in the nearest future. The period of the session currently shows a combination of waves "А" and "В" of m15 level. From the point of view of traders, profit-making falling wave "С" would be desirable in the nearest future.

Publication date: 21 February 06:21 AM
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