Mon, 27 Feb 2012 06:34:00 +0400
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
As you probably know, not so long ago, Masterforex-V Club started an investment portfolio with PrivateFX. That’s why it is called PrivateFX №1. Despite some temporary drawdowns, the portfolio stays profitable. It took 5 trading days to get around 1.5% of profit. You can hardly find a conventional investment with this kind of profit over such a short period.
Once again, we remind you that not so long ago, Masterforex-V Club started an investment portfolio with PrivateFX. That’s why they called it PrivateFX №1. Despite some temporary drawdowns, the portfolio is now profitable again. It took just a trading week to recover the lost ground and start making profits again.
They say practice is always the best way to find out the truth. When it comes to FX trading, we have seen the following tendency over the last few years: most of those few successful traders usually trade on their own and refuse to share their successful tips and tricks with others. At the same time, most of those guys out there teaching their stuff to others are fake experts in most cases. They teach others something that eventually turns out to be useless in generating consistent profits in financial markets. Only a handful of traders are really capable of teaching others something really valuable when it comes to trading Forex and other financial markets.
As the entire FX industry gets more and more mature, some of the best broker representing the entire industry keep on giving birth to revolutionizing products and services. To be more specific, some of the best and most reputable FX brokers can boast their own services allowing anyone to benefit from FX trading over the long term, even without actual trading.
The 2016 Olympic Games are underway in Rio. The entire world has been closely watching the games since day one. At the same time, millions of peoples are looking for the ways to capitalize on the Olympics through bookmakers when betting on certain players, teams, their stats, score, and stuff.