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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.

 

 

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Text: Eduard Culchenko, expert of Masterforex-V Trading System
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Forex: Euro Consolidates Versus Dollar As IMF Drops Global Economic Projection

 

Today, on July 25th, the common European currency keeps on regaining a little bit of tis value lost against the US Dollar over the last few days. The currency pair is consolidating at this point. Close to the end of the European trading session, EURUSD traded 0,3% higher around 1.3470.

Publication date: 25 July 04:59 AM

FBS Introduces New Account Types

More and more young and promising companies  come to the international Forex broking business, which certainly toughens the competition inside the industry. This leads us to believe that most broking companies (especially the younger ones) have to face severe competition as they fight for new clients and they really strive hard to deserve the right to render broking services in the contemporary Forex industry, which can sometimes be a very rough environment.

 
Publication date: 25 July 01:44 AM

IQ Option Starts Tournaments of Turbo Options for Forex Traders

Today Forex market gives numerous opportunities of getting stable profit. Trade on binary options is one of most popular variants.

Publication date: 24 July 05:36 PM

MasterForex-V Academy Gives Larson and Holtz a Test Drive

 

Choosing a reputable Forex broker is a real challenge for any trader. Yet, it is an inseparable part of the way to success in Forex trading. What makes a reliable broker? There are many aspects that make a reputable trading business, from competitive trading conditions coupled with innovative solutions and client-oriented approach to major licenses and awards.
 
Publication date: 24 July 09:03 AM

Masterforex-V Expo: Best PAMM Services. July 2014

 

If you want to get from rags to riches these days, working for someone else is not enough. Apparently, investing is a excellent opportunity to generate extra passive income. However, a lot of people don’t actually know how to invest so that this activity could generate stable income. Luckily, today’s Forex industry offers you a great opportunity to make money even if you know little or completely nothing about investing or trading….
 
Publication date: 24 July 08:24 AM

EURUSD Outlook

 

Yesterday's trading sessions turned out to be neutral for EURUSD. The currency pair ended the trading day fluctuating within the scope of the price range 1.3454 and 1.3473. Still, during the overnight trading hours the common currency lost a bit of its value against the US Dollar, thereby setting a new low at 1.3437.
Publication date: 24 July 07:43 AM

Forex: Euro Consolidates Close To 1,3472

 

The European trading session on July 23rd could be a failure for the common European currency since EURUSD declined down to the 8-month low, thereby reaching 1,3454. At the same time, EURJPY  and EURGBP declined set  new 5-month  and 22-month lows at 136,41 and 0,7872 respectively.
 
Publication date: 23 July 09:01 AM

Winner of Trader Contest “Larson and Holz” Tells about Secrets of his Success at Forex

 

There exists a great number of different contests for traders at Forex market. But by no means are all of them equally effective. Moreover, some of them, held by “kitchens”, promise great money prizes, chic SUVs, and keys from apartments, but in fact draw participants into real market, where the former happily empty the deposits of the latter.
 
Publication date: 22 July 06:47 PM

EURUSD: Euro Goes Down to 1.3458 Against US Dollar

 

During today's American trading session, the common European currency is still going down, thereby following the tendency seen last week. During the European trading session the bears managed to make the common currency devalue against its American counterpart down to the 5-month low, which used to be 1.3476. At the second part of the trading day, the price made another low. This time it was 1.3458.
Publication date: 22 July 11:09 AM

EURUSD: Euro Keeps Going Down

 

Yesterday, trading session was subject to low volatility, which is not typical of such a major as EURUSD. The currency pair spent entire trading day fluctuating within the scope of a pretty tight price range between 1.3512 and 1.3548.
 
Publication date: 22 July 07:31 AM