«Market Leader» - news and previews making you rich.

Thursday, 31 July 23:19 (GMT -05:00)


Market Leader Free Newsletter
Your Name:
Your Email:

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
Add to blog
Got a question? – Ask it here »
 

EURUSD: EUR Keeps On Declining Versus USD

 

The 2-day-long consolidation of the currency pair within the scope of the 1.3420-1.3443 range ended yesterday, at the American trading session, Market Leader reports. The common currency resumed the downtrend against its American counterpart mid positive economic figures from the USA.
 
Publication date: 30 July 06:31 AM

USD Dollar: Wall Street Concerned About Fed's QE Tapering

 

Wall Street economists seem to be concerned about the fact that the Fed is currently tapering QE3, which is nearing its end. They are afraid that once the quantitative easing program is tapered to zero, this even may trigger a market crisis coupled with an economic decline and inflation hike. 
 
Publication date: 29 July 03:57 PM

Forex: EURUSD Stays Neutral

 

Since the beginning of the trading week, the EURUSD currency pair has been neutral and trading within the scope of a pretty tight price range -1.3420-1.3443. The price range was formed during yesterday's trading sessions. Today is not exception. The currency pair remains neutral. The price keeps on fluctuating to and fro – from top to bottom and back.
 
Publication date: 29 July 08:21 AM

Forex Trend: PAMM Index “Balance» - 90% ROI in 2 Years

 

One of the most promising niches in the international Forex industry is the PAMM niche. Apparently, not all the PAMM indices offered by today's Forex brokers are equally beneficial and stable. There are cases when a trading manager stats losing money as his investors are keep on seeing a drawdown and suffering losses. With that said, more often than not PAMM investors cannot boast sufficient financial security and often have to put up with high risks.
Publication date: 29 July 07:51 AM

EURUSD: Euro Trades Close To 1.3441

 

The common European currency started this trading week on a bullish note. In particular, at the beginning of today's European trading session, the currency pair traded within the scope of the 1.3420-1.3438 price range. Still, later on, the common currency made a bullish attempt and rallied up to 1,3441 against the US Dollar, Market Leader reports.
Publication date: 28 July 12:37 PM

Investment in Art with Panteon-Finance: Aesthetics and High Profit

Investment is the best way of providing one’s financial independence. Аnd investment in art is a guaranteed opportunity to accumulate one's capital in mid-term perspective from 100 to 1000 and more percent.

 

Publication date: 28 July 09:19 AM

USDJPY: Dollar Strengthens Against Yen

 

Today, on June 28th, the US Dollar is gaining value against the Japanese Yen. In particular, the American currency gained 0,04% amid a relatively calm day in terms of new releases.
Publication date: 28 July 08:51 AM

EURUSD: Euro Gains Value, Price Hits 1.3441

 

The common European currency started this trading week on a bullish note. In particular, at the beginning of today's European trading session, the currency pair traded within the scope of the 1.3420-1.3438 price range. Still, later on, the common currency made a bullish attempt and rallied up to 1,3441 against the US Dollar, Market Leader reports.
Publication date: 28 July 08:31 AM

GBPUSD: British Pound Still Lose Value After UK Economic Figures

The British Pound lost a bit of its value against the US Dollar by 0,65% during last trading week even though the recent UK GDP report came out positive. In particular, the GDP report came out positive, thereby matching analysts expectations at 3,1% in Q2 2014 (y/y).

Publication date: 27 July 09:23 AM

USDJPY at Forex Rises after Statements of the Bank of Japan

 

Japan keeps showing certain success in economic recovery and suppression of deflation. Nevertheless, there remains some uncertainty, connected with external and internal factors, which leaves the question of further monetary policy, implemented by the Bank of Japan, open.
 
Publication date: 25 July 06:19 PM