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Tuesday, 21 October 23:43 (GMT -05:00)


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Foreign exchange market

USDCAD: Market Outlook


 

 

According to Craig Alexander, Senior Vice President & Chief Economist for TD Bank, the Canadian economy is on the verge of a crisis. The major reason is the fact that consumer debts have reached the critical level, thus exerting severe pressure on the country’s economy. According to the expert, the only way out is to introduce tougher mortgage lending regulations.

 

 

 

 

 

 
Forex.
 
According to Masterforex-V Academy experts, USDCAD has broken above the top of the MF zone, however, the major level of resistance 1.0054 remains unbroken. The currency pair is currently forming an upswing – sub-wave а(С)/С of wave level Н8. This upswing still doesn’t fit into the retracement scenario against the bearish wave А/В of wave level Weekly. So it is too early to consider a trend reversal. In order to continue the rally, the currency pair will have to break and consolidate above 1,0054 1,0074. Alternatively, the downtrend will be resumed as soon as the price breaks below the bottom of the MF sloping channel as well as the MF pivots 0,9887 and 0,9859 (as shown below):

 

 

 

 

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EURUSD Outlook

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 10:35 AM

Euro Starts Trading Week With Slight Weakness

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 08:02 AM

Fort Financial Services Resumes Five-Year Activity at Forex

 

Few Forex brokers can boast of wide popularity among traders and not smaller client base, which constantly increases. Fort Financial Services is one of such world-famous companies. According to its clients, the broker provides one of best technologies and products at the market, which provide stable, safe, and profitable trading.
 
Publication date: 19 October 05:51 PM

Fort Financial Services Called Best Forex Broker in August 2014

 

Statistically, only 10% of forex traders get stable get large profit, whereas the bulk of participants of international currency market make not as much and not as regularly, as they would like to. And there is the third category of traders – those, who rarely get income, which is hardly enough to cover the former losses.
 
Publication date: 18 October 01:44 AM

EURUSD Consolidates

 

Today, on October 17th, during the European trading session, the common currency managed to regain some of its value against the world’s most popular currency, which is the American Dollar.  Still, the recovery was rather weak.  EURUSD rallied from 1.2780 up to 1.2839, thereby making a narrow trading range between the levels. With that said, the currency pair has been trading within the range since the beginning of the American trading session.

Publication date: 17 October 11:39 AM

US Dollar May Stop Strengthening When Fed Finishes Tapering QE3

 

Yesterday, on October 16th, the President of the Federal Reserve Bank of Saint Louis told Bloomberg TV that the Fed should delay the total tapering of QE3 planned for this month. His concerns are caused by lower inflation expectations coming from investors coupled with much more volatile markets. US stock indices were busy retracing before the statement, thereby reducing to nothing almost the entire gains to all-time highs made this year. After the statement, the VIX went down from the extreme value of 31,06 down to 25,20 while the USA’s major stock indices closed the trading session with a rally.

Publication date: 17 October 06:20 AM

USD Loses 0,11% Amid Weak US Economic Data

 

Today, on October 16th, the US Dollar drooped 0,11% during the Asian trading session. This decline was followed by yesterday’s drop against other majors after the USA revealed poor economic figures during the American trading session.

Publication date: 16 October 06:53 AM

USDJPY: Dollar Gains 0,19% Against Yen After Stock Market Rally

 

Today, on October 15th, the US Dollar managed to gain 0,19% against the Japanese yen earlier on the trading day. This happened after Nikkei 225, Japan’s major stock index and one of the major Asian stock indices, gained 0,5% during the Asian trading session.

Publication date: 15 October 09:19 AM

Forex Traders Reveal Their True Earnings

 

There is no such thing as too much money. That is why the search of decent moneymaking opportunities has always been and will always be one of the key and most burning issues for an average human being. On top of that, this holds especially true when the global economy shows signs of weakness and is about to stagnate, thereby affecting the buying power of most people around the globe.

Publication date: 15 October 06:12 AM

Masterforex-V Expo Names Best Micro Brokers in October 2014

 

As you probably know, today’s Forex industry offers a huge variety of services. Even rookie traders with tiny trading capital now have a decent opportunity to trade Forex on the so-called micro / cent accounts (starting from $1). I bet some of you have some questions like:
 
What are micro / cent accounts? Why are they so popular among rookies worldwide? Why are beginning traders recommended to choose micro / cent accounts (usually $1 to $50) when deciding to switch to real-money trading? Which micro brokers are the most reputable, popular and reliable? Let’s find this out…

Publication date: 15 October 05:07 AM