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Tuesday, 29 July 22:33 (GMT -05:00)


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Foreign exchange market

Euro Rate: Market Tranquility is Deceitful


Forex news.
Large-scale injections of liquidity, which European Central Bank has given enough during the last historic period, and providing financial aid to Greece, which enabled to avoid default in March, have certainly eased markets. However, many experts suppose that such tranquility is deceitful and global – situation in euro zone is getting worse despite the efforts of international credit organizations and European authorities.
Expressing experts’ opinion, senior economist of Citigroup Inc., former member of Monetary Policy Committee of the Bank of England, Willem Buiter in his interview to Bloomberg agency claimed, "European Central Bank has drowned markets and banks in liquidity. There is a common feeling, close to euphoria, в момент, when markets are drowning in liquidity, which makes us believe that all problems are gone." Considering the fact that Greek issue has not been fully resolved, Willem Buiter sees even more serious threats, particularly from Spain , which is "... the key country that I worry about most. It has moved in the wrong direction and is currently exposed to higher risk of restructuring sovereign debt than before."

At FOREX market EURUSD currency pair currently is in the process of rising the wave level of correction within h4 rising wave. Further motion will be stipulated by breaking or bouncing of AO Zotik index main line from the line of support/resistance at h4 timeframe. Earlier hint, according to the System of Early Prediction of Masterforex-V Trading Academy, may be given by termination of m15/m30 "С" within correction.

 

 

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Text: Alex von Stachelkopf, trader of SRP Sub-department of Masterforex-V Trading Academy
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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

 

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Publication date: 25 July 06:19 PM

Forex: British Pound Gains Value Amid UK GDP Figures

 

Today, on July 25th, the UK's Office for National Statistics released the key economic indicator - GDP. The GDP release concerned the 2nd quarter of 2014. It appears that the UK GPD gained 0,8% thi time. Actually, this is the 2nd time in a row the price is gaining value by 0,8%. It should also be noted that the actual figures matched expectations. 
 
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Publication date: 25 July 08:21 AM

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

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