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Friday, 30 January 05:19 (GMT -05:00)


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Foreign exchange market

Dollar Rate: Head of FRS Highlighted the Value of Small Banks for USA


Forex news, dollar rate. Bernanke has highlighted the value of small regional banks and called them significant components of US banking system. Small banks have deeper understanding of local economy, and, consequently, may suggest more flexible credit programs in comparison to their competitors of national scale.

The head of FRS has also admitted that US economic recovery remains slow, which has a negative impact on banking sector. Small banks mostly suffer from this.

Ben Bernanke has also promised that rules concerning such factors as risk management, capital, and liquidity will be mostly applied to large banks. Besides, he has assured that current differenciation between large and small financial institutions will be kept.

Speaking about situation at Forex market, analysts of Masterforex-V Academy Department of Volumes Analysis explained that significant points for short-term analysis include:
- contract level 1.3118
- point 1.3068 – volume accumulation.

If this range is passed, and the trend is set above/below it, preferred direction will be defined.
Support – 1.3046 1.3025.
Resistance above contract level – 1.3145 - 50.



 

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Soros Wars ECB Against Money Printing

 

George Soros, the famous American billionaire, made a speech within the scope of the latest economic summit in Davos. During his speech, the financial tycoon warned the representatives of the European Central Bank against printing money any father since any extra emission of money may well result in major consequences for the Eurozone and other parts of the globe, Market Leader reports.

Publication date: 27 January 10:17 AM

“Panteon-Finance” Names Leaders of New Season of “Arena of Investors” at Forex

 

Unstable economic situation in the world together with a statement of the Bank of Switzerland that has shaken financial markets about not pegging the national currency to the Euro, as well as lasting inflation and devaluation in many countries, make many investors actively reconsider constituents of their portfolios.
 
And Forex traders actively get rid of some instruments and almost blindly get others. This panic mood is generally reflected in market trends, which are exposed to high volatility. Nevertheless, even in such not very, at first sight, favourable conditions many Forex participants get high and stable profits.
 
Publication date: 26 January 11:56 AM

EURUSD: Euro Drops Down To 9-Year Low

 

The common European currency seems to be setting new records, Market Leader reports. In particular, according to Mario Draghi, who is currently presiding over the European Central Bank, the official exchange rate of the common European currency against the U.S. Dollar dropped down to the lowest level in 9 years. At this point, EURUSD is trading at 1,1520.

Publication date: 23 January 08:58 AM

HY Markets Reports No Damage Arising from SNB’s Unpeg and EURCHF Drop

At the end of last week, the Swiss National Bank, which is Switzerland’s central bank, announced a shocking and unexpected decision to start unpegging the Swiss Franc (its national currency) from the Euro (EURCHF was 1.2). Needless to say that this almost instantly provoked unseen volatility in the Franc-related currency markets, thereby  resulting in thousands of retail traders getting major losses resulting from negative balances while Forex brokers had major difficulties. Some Forex companies had to announce insolvency since they fail to cope with the situation due to improper risk management and excessively high leverage offered to retail traders.

Publication date: 22 January 02:30 AM

FIBO Group: SNB’s Decision and EURCHF Drop Failed to Affect FIBO Clients

Approximately a week ago, the Swiss National Bank came up with a shocking and unexpected decision to unpeg its national currency  - the Swiss Franc - from the common European currency (which used to be pegged at 1.2). This instantly triggered unprecedented volatility in the CHF-related markets, which resulted in thousands of retail trader seeing negative balances while Forex brokers having major difficulties. Some of them even had to announce insolvency due to improper risk management and too leveraged business.

Publication date: 22 January 02:12 AM

Analysts Calculate Possible Russian Ruble Exchange Rates Depending On Oil Prices

 

The analysts working for Renaissance Capital perform some complicated calculations to find out what the Russian Ruble exchange rate is going to be depending on the future prices of crude oil. It is not a secret that the Russian economy is heavily dependent on its exports f crude oil. In particular, the exports of crude oil account for thirty percent to nearly half of the Russian GDP. With that said, oil prices seem to be the key factor influencing the Russian economy and national currency, Market Leader reports.

Publication date: 21 January 06:18 AM

Forex Trend Enters 2015 With Amazing Annual Performance of PAMM Indices Again! Over 100% in 2014!

 

Success is said to come to those who really want and deserve it. All those people with a lot of expertise in any field of human activity share the same opinion that nothing is impossible in this wonderful world. Impossible is the world used by lazy and ignorant people. Those who really strive to be successful are not afraid to face challenges, which are viewed as certain stimuli and can really improve their lives. Today’s world of finance is no exception. Anything is possible in it as well, including getting rich. Ultimately, you can reach the desired financial freedom as long as you set goals and work hard to achieve them. This is especially topical these days, when the sophisticated and challenging world of money has already evolved so much that it can easily cater to the needs of various kinds of people.

Publication date: 20 January 03:41 PM

ActivTrades Reports No Damage to Company and Clients by SNB’s Decision to Unpeg Swiss Franc from Euro

At the end of last week, the Swiss National Bank officially announced its decision to unpeg the Swiss Franc exchange rate from the common European currency. The peg used to be 1.2 CHF per 1EUR. At the same time, the SNB increased the key interest rate from 0,25% up t 0,75%. These moves by the SNB came as a shock to the financial world, thereby resulting in unprecedented volatility in the currency market.

Publication date: 20 January 11:50 AM

Masterforex-V Academy Names 19 Most Reputable Forex Brokers In January 2015

 

Today it is difficult to find a reputable and reliable broker, which can be really trusted at all times. A reliable trading partner is definitely as significant as a profitable trading strategy along with trading skills and valuable knowledge. Indeed, does it really matter how good you are at Forex trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious. Picking a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…

Publication date: 20 January 11:03 AM

Currency Wars Come Alive as Central Banks Worldwide Make their Decisions Pressing Bond Yields

Last week, international investors didn’t expected any major news or decisions. However, despite their expectations, the Swiss National Bank (SNB) shocked the entire financial world by unexpectedly deciding to unpeg the Swiss Franc from the common European currency as well as to cut the Libor rates.

Publication date: 19 January 06:37 AM