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Foreign exchange market

GBPUSD: British Pound Stays Unaffected By External Trade Deficit



February’s increase in the UK external trade deficit (+₤8.8B) exceeded the most pessimistic expectations, thus destroying the economic recovery hopes. The deficit increased mainly due to lower exports to non-eurozone countries (by ₤11.7B or 8.8%) and higher import (by ₤16.7B or 1%) . This resulted in a ₤5B deficit in the bilateral trade with non-European countries.






At the same time, the external trade deficit with the eurozone lowered form ₤4.2B down to ₤3.8B in February.
According to Masterforex-V Academy, GBPUSD keeps being flattish (retracement against a long-term rally). The latest upswing - wave A/B of H4 – is completed. A break above the local high 1.5984 will resume the rally in the form of wave A/B of H8 or higher. The closest major levels of resistance are 1.6045 and 1.6062.  Alternatively, a break below 1.5804 will resume the forming of wave A/B of Daily. If this is the case, the Mf sloping channel and pivot 1.5769 will turn into the closest major level of support.





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EURUSD Starts New Month From Consolidation


The world’s most popular currency pair starts October with consolidating within the scope of the 1.2570-1.2634 price range. The current trading week started from a move within the 1.2663-1.2714 range. The currency pair started moving to the bottom of the range, thereby narrowing it a bit. Later on, during yesterday’s European trading session, the currency pair went on declining and finally set a new 2-year low at 1.2570.

Publication date: 01 October 06:34 AM

Dollar Keeps On Rallying Amid Euro Weakness Forex Experts Report, Currency Prospects Defined


The dollar index, which is evaluating the USD value against a basket of 6 other major currencies, is still rallying actively. All in all, the USD index managed to gain 4,4% in September. This happened mainly at the expense of the common European currency, which accounts for the lion’s share of the index – some 50%. Apparently, the common European currency keeps on losing value amid disappointing economic figures coming from the Eurozone. At the same time, most traders and investors are anticipating another round of quantitative easing by the ECB in an effort to back the economic recovery in Europe, which is definitely going to exert some downward pressure on the common currency amid the fact that the Fed is about to taper QE3 to the end this month.

Publication date: 01 October 06:09 AM

RVD Markets Lunches Industry’s First Investment Portfolios


These days, investing in financial markets (including Forex) represents one of the most promising opportunities in terms of making money. Indeed, passive investing in Forex gives you a decent chance to generate really stellar profits regularly and without the necessity to be an expert in trading. This can actually be considered a win-win situation for everyone – the company, the managing trader and the investor. Those who dare invest in successful Forex traders eventually find themselves making the right choice since they can enjoy rewards while being relatively passive.

Publication date: 01 October 04:41 AM

Forex: Investors Anticipate Further Weakness of Euro and Yen


Investors are looking forward to a further long-term downtrend in the markets of EUR and JPY amid an economic slowdown seen in Japan and the Eurozone while the US economy seems to be strengthening at a pretty stable rate.

Publication date: 01 October 02:19 AM

Euro Drops To 1.2693


As you have already noticed, the common European currency is still losing value against the US Dollar. It happens day by day. Yesterday, on September 29th, the currency pair declined from the intraday high of 1.2714 down to the low of 1.2693. Previously, the recovery up to 1.2714 was caused by relatively stable data coming from the Eurozone earlier on that day.
Publication date: 30 September 05:20 AM

Forex: US Dollar Gains More Value VS Euro As Eurozone Cuts Lending


The Eurozone continued cutting its lending in August. The ECB is determined to reconsider its arsenal of measures used to reach the inflation target. With that said, the lending volume within the Eurozone's private sector shrank by 1,5% in August 2014 as opposed to August 2013. With that said, the pace of decline slowed down as compared to July's 1,6%. The lending decline has been seen for 28 months so far. This gives the ECB a signal to start stimulating it.

Publication date: 30 September 01:20 AM

US Dollar Gains Value 11 Weeks. This Week’s Key News


Investors and other market participants have already noticed that the US Dollar has been actively growing steadily against other major currencies for 11 weeks so far. According to Deutsche Bank, this is the first time in history. On Friday, September 26th, the USD index closed at the highest price level since 2010 close to 85,69. As of Monday, September 29th, the index managed to set another high at 85.80.
Publication date: 29 September 03:36 PM

Forex. US Dollar Index Gains 0,15% Amid Stock Sellout


Today, on September 26th, 2014, the USD index, reflecting the strength of the US Dollar against a basket of 6 other majors, seems to be continuing its rally. So far, the index has gained 0,15%. This happened after US stock indices closed the trading day in the red zone yesterday. The US Dollar and other safe-haven assets gained value amid higher concerns about the near-term future of the global economy as well as the existing geopolitical risks, including the situation in Ukraine.
Publication date: 26 September 05:17 AM

Forex Trend’s PAMM Indices Gain Stellar Weekly Profits - over 11,7%!


The year of 2014 seems to have projected the negative economic tendencies seen over the last few years following the global crisis. Indeed, these tendencies far from reassuring investors, financial experts and plain folks. Even though most of us have almost forgotten about the crisis in Greece, Spain and other Eurozone economies while the Fed is finally close to taper its QE3 to the end due to (seemingly) stronger economic performance in the USA, financial markets cannot still show relative stability while they are getting less and less predictable for an average person amid overall weakness of the global economy coupled with some geopolitical issues like the situation in Eastern Ukraine.
Publication date: 25 September 10:51 AM

EURUSD: Euro Trades Near 1.2715


Today’s European trading session was dominated by the bears. The currency pair started another downswing from 1.2768 at the beginning of the trading session. As the result of this move, the currency pair managed to go down to the local low of 1.2696. On top of that, this is a new 2-year low!



Publication date: 25 September 10:07 AM