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Thursday, 30 June 04:27 (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).

 

 

 

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Masterforex-V Academy: Tests СopyFX by Roboforex: 14 Lost Deposits Out Of 14

Over the last couple of years, we can see a lot of brokers open their own services designed to let the client copy (what they claim to be) successful traders in automated mode and profit along with them. While this is true with some of them, others fail to put their promises into practice. At the same time, some of those services promise fantastic profits – from several hundred to several thousand percent in 12 months!

 

Publication date: 29 June 01:27 PM

FXTM Launches Transparency Indicator

If you have been in the international FX trading environment for a while, you probably know that few companies operating in the environment can boast almost 100% transparency. More often than not, the very lack of transparency results in various kinds of tensions and misunderstanding between the broker and the client.

Publication date: 29 June 03:07 AM

FXTM Launches Forex Marathon For Demo Traders With Real Cash Prize Pool

Summer is vacation time. It also the right time for bright emotions and impressions. Usually, summer isn’t a volatile time for financial markets, with mostly flat markets resulting from decreased trading and investing activity.
 
Publication date: 28 June 01:51 PM

PrimeTime Finance Introduces 4 Unique Account Types For Binary Options Traders

Over the last few years, more and more FX traders start switching to binary options, which makes it possible to generate stunning profits within a relatively short period of time. On top of that, they do not require as much of intensive work as conventional FX trading does.
 
Publication date: 28 June 10:59 AM

Nordhill Capital: Gorilla FX – Automated FX Income

It is not a secret that FX trading is a difficult profession. It requires a whole lot of knowledge, skills and expertise along with the right mindset and hours of time a day dedicated to in-depth analysis and decision-making.  In FX trading, timing is everything. You have to open and close a trade just in time. Basically, that’s all you have to do to be successful.

 

 
Publication date: 27 June 02:38 PM

SFX Debit Card: Cutting Expenses To Zero

What is really important for each and every FX broker out there? Apparently, this has to do with choosing a decent FX broker. A dream broker is an honest, reliable, secure provider of premium-quality services in financial markets.  This is a client-oriented business creating win-win solutions.  
 
Publication date: 26 June 01:55 PM

Forex: USD/CAD Remains Within Correction due to Growth of Retail Sales in Canada

Retail sales in Canada showed growth in April. The general growth has mostly been caused by increase of sales at filling stations.
 
Retail turnover has increased to 44.3 bln. dollars, which is an 0.9% rise after a drop by 0.8% in March. In general turnover has grown due to price rise, as in natural terms the volume of sales has not changed.
Publication date: 26 June 01:28 AM

Forex: Japanese Manufacturing Sector Keeps USD/JPY Within Bearish Trend

Manufacturing sector of Japan has shown minor rise of business activity in June. Analysts name several factors that have extremely negative influence on Japanese manufacturing sector.
 
Business activity index for manufacturing sector has risen to 47.8 points in comparison to 47.7 points in May. Actual value of the index has proved worse than predicted, for it had been expected to rise to 48.2 points.
Publication date: 25 June 05:48 PM

Forex: AUD/USD Keeps Rising After Publication of RBA Protocols

RBA has kept its interest rate, counting on weak growth of inflation.
 
As shown by protocols of June meeting of RBA, returning inflation to the target level has become one of the reasons to keep interest rate at the same level. Nevertheless, results of the first quarter have shown negative dynamics at housing market.
Publication date: 25 June 04:51 PM

Masterforex-V Expo: Best Micro FX Brokers. June 2016

When it comes to trading Forex via a micro broker, traders don’t have to invest thousands of dollars as the starting capital. This is one of the biggest competitive edges those FX brokers have when it comes to FX rookies getting their feet wet in FX trading. Indeed, few rookies can really afford to start trading big right off the bat. However, it is not recommended to start big if you are just getting your feet wet in trading financial markets. This is where cent brokers (or micro brokers) come in handy. They allow rookies to trade currencies and improve their skills while more advanced traders can test their strategies without having to risk big money.

Publication date: 24 June 05:00 AM