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

Wednesday, 16 April 04:00 (GMT -05:00)


Market Leader Free Newsletter
Your Name:
Your Email:

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: US Dollar Gains Value

 

The USD index was trading around 79,50 right after the start of this trading week. The European trading session turned out to be bullish fro the index, which indicated the overall strength of the American currency against other majors.
Publication date: 14 April 10:31 AM

Forex: EURUSD Goes 0,27% Down After Draghi’s Speech

 

Today, on April 14th, the common European currency is down against the US Dollar. The European currency lost 0,27% of its value against its American counterpart. Today's European trading session started with a bearish gap (1,3879 - 1,3858). The currency pair is currently trading around 1,3851.
 
Publication date: 14 April 06:27 AM

Professional Traders Say How to Make Money at Forex

 

Forex is considered to be the main financial market; it was opened in 1971. The main product at Forex is made up by currencies of various countries worldwide. Forex market is characterized by constant fluctuations, conditioned by the vast number of its participants. This results in numerous deals and fluctuation of quotations.
 
For has become very attractive to private persons due to the development of various connection technologies, for this gave people a unique opportunity to make deals with a help of a broker. Owing to it, any participant of Forex market can take a credit (provide a credit leverage), and correlation between credit resources and the sum of the account may reach 1 to 1000.
 
What do investments at Forex mean, and how to make money at Forex currency market? The “Market Leader” has asked these questions to the professional traders of the best Forex studying project in Europe in 2009-2013 Masterforex-V Academy.
Publication date: 13 April 01:06 PM

Forex: Will Yuan Oust Dollar?

 

A couple of decades ago, the Renminbi (the Chinese Yuan) used to be called «toilet paper». These days, this is among the world's TOP 10 currencies. Its share in the global currency reserves has quadrupled from 2% to 8% over the last few years.
 
At this point, the Chinese Yuan has almost ousted the US Dollar from Eastern Asia. The Renminbi definitely rocks there! Still, this is not the end.
 
Publication date: 11 April 03:53 PM

Traders Share GBPUSD Trading Tips

The strengthening of the British Pound  exerted severe pressure on the US Dollar. In its turn, the weakening of the US Dollar pushed gold prices higher. Still, despite the negative correlation between the US currency and gold, the latter keeps lagging behind other precious metals (including silver and platinum) in terms of profitability.
 
Publication date: 11 April 12:40 PM

In Optionova accept that the U.s. dollar decays against the pound because of the development of mechanical processing in Britain

 As stated by the ONS (Office for National Statistics), the UK mechanical processing rose in February by 0.9 % contrasted with January of that year. Figures of development for February were the greatest qualities, since June 2013. As stated by the effects of the yearly report, the increment was 2.7 %.

 

Publication date: 11 April 04:21 AM

FOREX: NZDUSD Outlook

 

The volume of credit/debit card payments didn't change in March. This is confirmed by the recent official report. Still, the New Zealand Dollar gained some support against the US Dollar amid positive economic data from Australia and the fact that investors are getting riskier.
Publication date: 10 April 06:38 PM

FOREX: AUDUSD Outlook

 

Australian consumers became less pessimistic in April. This is confirmed by the results of the joint research conducted by MI and Westpac. According to the results of the survey, the data match the RBA's intentions aimed at keeping the benchmark interest rate unchanged in the near future.
 
Publication date: 10 April 06:38 PM

Forex Trend’s PAMM Indices Show Amazing Performance: +21% In Q1 2014

 

What determines our financial freedom? Whether we want it or not, everything goes down to money. In today's world it is impossible to live without money. At the same time, currencies are devaluing, thereby reducing people's purchasing power as they try to secure their earnings against inflation and to get a return of their investments.
Publication date: 10 April 02:45 PM

MasterForex-V Expo: Best Forex Analytics 2014

 

Successful Forex trading requires a lot of things. Ultimately, in order to make a decent trading decision, it i necessary to analyze the situation thoroughly to see the entire market picture and to determine the crowd's intensions. Therefore, analytics turns out to be one of the key things needed for successful Forex trading.
 
Indeed, the ability to find and read analytics is crucial. You cannot make weighted trading decision without analyzing the situation and defining the near-term prospects as well as the most likely scenarios.
Publication date: 10 April 09:13 AM