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

Wednesday, 8 July 20:05 (GMT -05:00)



Foreign exchange market

GBPUSD: UK Finance Minister Makes Economic Forecast

GBPUSD:

 

 

According to George Osborne’s speech made in the British parliament yesterday, the UK GDP will increase by 0/8% in 2012. The rate of inflation will reach 2.8% in late 2012.

 

 

 

 

 

 
He says the UK government the budget deficit to decline down to 7.6% of GDP by 2013. The current deficit is equal to 11%.
 
It should be noted that on March 14th 2012 Fitch Ratings confirmed Great Britain’s AAA rating, which is the highest ultimate one. The major reason is the government’s major breakthrough in budget reducing the country’s deficit. However, the forecast was changed to negative because the UK authorities don’t have enough funds to neutralize possible economic shocks.
 
 
According to the Department of Market Volume Analysis of Masterforex-V Academy, the price of the GBPUSD futures contract is fluctuating with a price range after testing 1,5887 (1,5896 Forex). If the price does succeed in overcoming the level of resistance, it will get a chance to rally up to 1,5900 (1,5909 FX), 1,5950 (1,5959 FX).  The closest major level of support is 1,5840 (1,5849 FX). If the bears succeed to break below it, there may well be a trend reversal with targets around 1,5821 (1,5830 FX), 1,5800 (1,5809 FX), 1,5750 (1,5759 FX) and 1,5716 (1,5725 FX).

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

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

FOREX. USDCHF Outlook

 

According to the recent KOF report, the economic conditions in Switzerland deteriorated in June 2015, Market Leader reports. In particular, the experts say that the deterioration took place mainly due to some negative tendencies in the domestic manufacturing sector.
 
Publication date: 05 July 04:54 PM

FOREX. GBPUSD Outlook

 

The UK’s manufacturing sector showed some growth in June. Market Leader reports. This is confirmed by the recent report published by Markit/CIPS. Amid the positive dynamics seen in general, the analysts report a slowdown in the pace at which the sector is growing.
 
Publication date: 05 July 04:42 PM

Forex-Market Offers 7 Account Types!

 

As FX traders become more sophisticated, the FX industry evolves as well. Client-oriented Forex brokers come up with innovative solutions for more comfortable and efficient trading. This includes improving trading conditions and even creating new types of trading accounts.

Publication date: 30 June 03:46 PM

Orbex Offers FX trading Without Swaps

These days, more FX brokers offer their clients swap-free accounts. What are the benefits and advantages of such accounts? Can we count on more substantial profits while making use of them? The expert team of an FX company named Orbex helped us to answer these questions.

Publication date: 29 June 06:16 PM

Fort Financial Services Celebrates 5th Anniversary!

 

As you know, summertime is a time for vacation, which means Fx traders can rarely find excellent trading opportunities amid flat markets and decreased volatility and liquidity. Less volatility means less substantial profits. Still, you can benefit from trading major news or events.

Publication date: 29 June 05:39 AM

Forex: U.S. Dollar Raises Against Other Majors Amid Record U.S. Housing Market Figures

 

According to the data published by the U.S. Department of Commerce, the sales of residential property in the USA increased by 2.2% in May 2015 relative to the same figures in April 2015. In absolute figures, the index increased up to 546 000 home sales y/y.

Publication date: 29 June 03:35 AM

Forex. USDCAD: U.S. Dollar Gains Value Relative To Canadian Dollar Amid CPI Slowdo

 

The retail sales figures coming from Canada do not reassure  investors. In April 2015, they showed a sharp decrease. These poor performance only added fuel to the fire of all those difficulties the Canadian economy faced in Q2 2015.  This seems to be the key reason why consumer spending is still at its lows.

Publication date: 29 June 03:12 AM

Forex: U.S. Dollar Still Flat Against Aussie

 

The Australian economy is still at the stage of completing the period of high growth rates. This is what the IMF thinks on he matter, Market Leader reports. The experts warn the Reserve Bank of Australia about the necessity of decisive steps aimed at easing the central bank’s monetary policy in the near future if the economic situation in the country cries for it.

Publication date: 28 June 05:32 PM

FOREX. EURUSD: Dollar Drops Relative to Euro on Strong GDP Figures from France

 

According to Insee, which is the French officer national statistics, the French GDP growth amounted to 0,6% in Q1 2015 relative to the same figures a 12 months before. It should be noted that these are the strongest GDP figures France has shown since 2013, Market Leader reports.

Publication date: 28 June 05:06 PM

Forex: U.S. Dollar Gains Value against Japanese Yen Amid Lower Inflation in Japan

 

Market Leader reports that the Bank of Japan expects an industrial production decline in April-June 2015 after 3 months of positive dynamics amid weak consumption figures coming from Asia.

 


The industrial production output increased by 1,5% in Q1 2015 as opposed to Q1 2014. This is an indication that the Japanese economic growth is accelerating. By the way, Japan is the world’s 3rd biggest economy.

Publication date: 28 June 04:39 PM