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Friday, 25 July 11:18 (GMT -05:00)


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Foreign exchange market

EURUSD: ECB Leaves Key Interest Rate Unchanged

EURUSD: ECB Leaves Key Interest Rate Unchanged

 

 

The ECB has left the key interest rate unchanged at 1%. The central bank cut the interest rate several times in November and December 2011.
 
 
According to Mario Draghi, ECB President, the eurozone’s rate of inflation will remain above the limit but is unlikely to exceed 2%. He says it is too early to stop stimulation the region’s money-and-credit policies.
 
There is some inflation pressure but mid-term inflation expectations are positive, he said during a press conference.
According to him, the ECB’s unconventional measures to support liquidity are temporary while the overall financing conditions for banks have improved.
 
The ECB lent eurozone banks over 1 trillion euro in December and January in order to calm down the markets and to win some time for the European authorities while they were looking for ways and means to solve the eurozone crisis.
 
According to Masterforex-V Academy, the bears are currently dominating the market:
At this point, it is recommended to go bearish EURUSD:
Support: 1.3100 (1.3095 Forex) – a psychological level.
Resistance: 1.3165 (1.3160 Forex) – local volume clusters.

 

 

 

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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

FBS Introduces New Account Types

More and more young and promising companies  come to the international Forex broking business, which certainly toughens the competition inside the industry. This leads us to believe that most broking companies (especially the younger ones) have to face severe competition as they fight for new clients and they really strive hard to deserve the right to render broking services in the contemporary Forex industry, which can sometimes be a very rough environment.

 
Publication date: 25 July 01:44 AM

IQ Option Starts Tournaments of Turbo Options for Forex Traders

Today Forex market gives numerous opportunities of getting stable profit. Trade on binary options is one of most popular variants.

Publication date: 24 July 05:36 PM

MasterForex-V Academy Gives Larson and Holtz a Test Drive

 

Choosing a reputable Forex broker is a real challenge for any trader. Yet, it is an inseparable part of the way to success in Forex trading. What makes a reliable broker? There are many aspects that make a reputable trading business, from competitive trading conditions coupled with innovative solutions and client-oriented approach to major licenses and awards.
 
Publication date: 24 July 09:03 AM

Masterforex-V Expo: Best PAMM Services. July 2014

 

If you want to get from rags to riches these days, working for someone else is not enough. Apparently, investing is a excellent opportunity to generate extra passive income. However, a lot of people don’t actually know how to invest so that this activity could generate stable income. Luckily, today’s Forex industry offers you a great opportunity to make money even if you know little or completely nothing about investing or trading….
 
Publication date: 24 July 08:24 AM

EURUSD Outlook

 

Yesterday's trading sessions turned out to be neutral for EURUSD. The currency pair ended the trading day fluctuating within the scope of the price range 1.3454 and 1.3473. Still, during the overnight trading hours the common currency lost a bit of its value against the US Dollar, thereby setting a new low at 1.3437.
Publication date: 24 July 07:43 AM

Forex: Euro Consolidates Close To 1,3472

 

The European trading session on July 23rd could be a failure for the common European currency since EURUSD declined down to the 8-month low, thereby reaching 1,3454. At the same time, EURJPY  and EURGBP declined set  new 5-month  and 22-month lows at 136,41 and 0,7872 respectively.
 
Publication date: 23 July 09:01 AM

Winner of Trader Contest “Larson and Holz” Tells about Secrets of his Success at Forex

 

There exists a great number of different contests for traders at Forex market. But by no means are all of them equally effective. Moreover, some of them, held by “kitchens”, promise great money prizes, chic SUVs, and keys from apartments, but in fact draw participants into real market, where the former happily empty the deposits of the latter.
 
Publication date: 22 July 06:47 PM

EURUSD: Euro Goes Down to 1.3458 Against US Dollar

 

During today's American trading session, the common European currency is still going down, thereby following the tendency seen last week. During the European trading session the bears managed to make the common currency devalue against its American counterpart down to the 5-month low, which used to be 1.3476. At the second part of the trading day, the price made another low. This time it was 1.3458.
Publication date: 22 July 11:09 AM

EURUSD: Euro Keeps Going Down

 

Yesterday, trading session was subject to low volatility, which is not typical of such a major as EURUSD. The currency pair spent entire trading day fluctuating within the scope of a pretty tight price range between 1.3512 and 1.3548.
 
Publication date: 22 July 07:31 AM