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Saturday, 29 November 20:58 (GMT -05:00)


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Foreign exchange market

Credit Agricole: Yen Rate Waiting for Consolidation


Forex news, yen rate. Yield of American government bonds has a strong impact on Japanese yen. Stagnation of the yield may keep yen from further decline. Despite this, Japanese exporters keep selling national currency, at the same time lowering it against US dollar to the minimal point for the last 7 months.

Stimulation measures held by the Bank of Japan as well as worse trade balance of the country’s current account have lead to the loss of 5% by Japanese currency against American dollar.

Credit Agricole supposes that USD/JPY pair will enter into so-called consolidation phase, as its movement is interrelated with the yield of US government bonds. During the previous week it has risen by 2.08% in comparison to 1.7920 in January, which has lead to the rise of American currency.

Rate of Japanese yen keeps forming long-term wave А/В, directed at weakening Japanese currency. According to the experts of Мasterforex-V Trading System, bullish wave А(С)/С is currently formed; it will be over when pivot MF 79.84 and bullish sloping channel MF are passed. If yen rate keeps getting weaker, it will form 5th sub-wave or sub-wave А as a part of Elder’s Hound/MF. The closest resistance to further bullish trend of USDJPY currency pair will be provided by pivot MF 81.48 and Fibonacci points 81.75 and 81.98.

 

 

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

 

Text: Eduard Culchenko, expert of Masterforex-V Trading System
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Forex. EURUSD: Dollar Goes Up Despite Higher Confidence in German Economy

 

According to the result of the research conducted by the IFO, the index of business confidence in Germany increased from 103.2 points up to 104.7 points in November 2014. With that said, the indicator seems to have found the bottom and is currently going up from the lowest level since December 2012.

Publication date: 28 November 07:12 AM

Forex: USDCNY. Dollar Strengthens Against Renminbi As People's Bank of China Changes Policies

 

The Chinese government and central bank express determination to get down to the process of cutting interest rates along with easing the lending restrictions and limitations. This step is designed to prevent prices from going up, which may eventually trigger a series of bankruptcies, defaults and unemployment hikes.

Publication date: 28 November 06:10 AM

Forex: USDJPY. Dollar Still Rallies Versus Yen

 

The Japanese authorities are still trying to fight deflation. The Bank of Japan hasn't give up trying to reach their inflation goals. In particular, the president of the Bank of Japan assume that number-one task is to make the local business circles abstain from deflationary mindset.

Publication date: 28 November 05:51 AM

ForexTrend Launches New Bonus - 5% on Each Deposit via EcommPay

Every single trader and investor seem to be doing his/her best to cut the expenses and increase the profits. Still, few Forex companies operating in the Forex brokerage industry today is actually capable of letting traders fulfill their financial goals. This is especially true in many countries, where Forex brokerage remains unregulated, thereby giving way to many scams and dirty players.

Publication date: 27 November 11:20 AM

Masterforex-V Expo Names Forex Brokers Offering Best Forex Bonuses. November 2014

 

A lot of businesses operating in the Forex brokerage industry come to the international Forex environment to take their own piece of this big and tasty cake, which makes the rough competition inside the industry even tougher. This means that all of those businesses, especially younger brokers, have no other option but to compete for new clients while deserving the right to render broking services in the Forex industry.

Publication date: 27 November 05:44 AM

Masterforex-V Expo Names Best Micro Brokers in November 2014

 

Needless to say that the contemporary Forex industry is capable of offering us a huge variety of financial services. Even beginners with tiny trading capital now have a decent chance to trade the Forex market on micro (or cent) accounts, where deposits usually start from $1. I guess some of you may have some questions spinning in your heads:
 
What are micro accounts? Why do rookies choose them worldwide ? Why are beginners strongly recommended to choose those cent accounts (low deposit requirements - $1 to $50) when starting trading for real money? Which of those cent brokers are the most popular and reputable? Let’s try to find this out together with Masterforex-V Academy, Europe's best Forex coaching website since 2009...

Publication date: 26 November 01:58 PM

Anniversary “Loyalty Bonus” of ForexTrend: Forex Traders Can Get 100,000 Dollars

 

There are numerous ways of getting rather high and stable profit at Forex market. However, supposingly, the best variants for direct trade or for getting passive profit (without trade) are offered by the best investment broker and best innovative broker of 2014 according to the 17th international exhibition of world stock industry MOSCOW FOREX EXPO, namely ForexTrend company.
Publication date: 26 November 09:23 AM

RVD Markets Introduces New Deposit / Withdrawal Option Named UnionPay

As you probably know, today's Forex market can offer you a bunch of excellent moneymaking opportunities leading you to stable profits, which further translate into financial freedom. Still, trading in financial markets can be subject to major financial risks if the trader trades recklessly and behaves like a compulsive gambler in a casino. On the other hand, a pro trader always makes his/her trading decision based on the degree of risk coupled with expected returns. In simple words, his actions are based on a decent strategy with moderate risk and acceptable reward.

Publication date: 26 November 05:55 AM

ForexTrend Reveals Intermediate Results of "Мillion Dollars to Skillful Hands 3" Contest

 

They say an independent person equals a confident one while a dependent person lacks confidence and cannot do without hope. As a matter of fact, successful and well-off people belong are independent and confident while the majority of other people cannot unfortunately boast belonging to the latter group. An average person has to constantly face various challenges and deterrents while being dependent on the boss, having constant income-related headaches, suffering from inflation and endless incoming bills waiting to be paid just in time. More often than not, bosses abuse their employees, forcing them to do what they do not want to. So why not become your own boss?

Publication date: 25 November 06:27 AM

Forex. GBPUSD: Dollar Still Strong Against Pound

 

UK media report that the average income in the UK declined moderately over the latest reporting period, according to the official data. Analysts can see another deterrent on the BOE's way to toughening its monetary policy in the ner future, Market Leader reports.

Publication date: 25 November 04:38 AM