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Friday, 31 October 17:24 (GMT -05:00)


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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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GBPUSD Outlook

 

The amount of approved mortgage claims declined in September. At the same time, there was an increase in consumer lending amid lower business lending. According to the Bank of England, the amount of mortgage claims reached 61 267. The figures declined against August’s value of 64 054, simultaneously failing to match the expectations of 63 000.

Publication date: 31 October 09:17 AM

EURUSD Goes Up To 1.2631

 

The 1.2546 level has recently become a new local low of the day. The rice reached the mentioned price low during the European trading session.

Publication date: 31 October 07:05 AM

FBS Launches Auto Cup Promo!

 

FBS can be considered one of such young but promising Forex broker that are always focused on the client. Being an international broking company rendering world-class investment and trading services to retail traders and investors from all around the globe, FBS positions itself as an STP and ECN broker, FBS is actually capable of providing its clients with an impressively wide range of financial products and services within the framework of a truly competitive environment.

Publication date: 30 October 09:53 AM

TurboForex Offers Forex Traders Trade on Stocks of “Blown up” Exchange

 

Today, at the time of raging inflation and devaluation at hurricane growth of prices practically for all goods, products, and services, and salary remaining at the same level, many people get considerable profits, independent from outer economic and political factors.
 
Publication date: 29 October 06:43 PM

Forex: Dollar Goes Down As Investors Wait For FOMC Meeting Results

 

Today, on October 29th, the US Dollar is still going down against other currencies, including a currency basket of 6 other majors. Since the beginning of today’s trading session, the USD index has already dropped some 0,08%. The decline is taking place as traders and investors are looking forward to the results of the Fed’s FOMC meeting, which is to end today.

Publication date: 29 October 05:11 AM

“Panteon-Finance” PAMM Funds Bring Forex Investors Over 137% Annual Profit

 

Forex Market provides numerous variants of getting stable and high profits. Most of them are connected with direct currency trade, which implies certain knowledge and skills of a trader. However, there are opportunities of getting passive profits. For example, by means of investment in popular PAMM services.
Publication date: 28 October 07:07 PM

USD Index Trading Close To 85,55 While We Wait For FOMC Meeting

 

Today, on October 28th, the US Dollar index is trading almost at the same level it started the trading day from – 85,55. Investors are probably unwilling to open new trades in advance of the FOMC meeting. They want more clarity from the Fed regarding the central bank’s QE3 tapering decision along with some other major events scheduled for the week.

Publication date: 28 October 07:44 AM

Forex. USDJPY: Dollar Consolidates Close to 107,8 Against Yen

 

Today, on October 28th, the USDJPY exchange rate keeps on trading inside a narrow price range. The price is consolidating close to 107,8 as traders and investors are looking forward to the Fed and BOJ meetings.

Publication date: 28 October 06:24 AM

Forex: EURUSD

 

25 banks of the Eurozone failed the stress tests implemented by the European Central Bank. The tests were aimed at checking the banks’ financial stability and resilience in case another major crisis breaks out. According to the ECB’s report made on Sunday, the total shortage of capital was amounted to 24,62bn euros, which is currently equivalent to 31,17bn dollars.

Publication date: 27 October 07:40 AM

PAMM Indices by Forex Trend: Some 160% ROI In 2 Years

While emerging economies worldwide are facing severe inflation coupled with devaluing national currencies on top of other economic and financial challenges. More people, including retail investors, go desperate since they do not see the way to insure their savings and earnings against inflation and volatile markets, so they do not even dream of getting a decent return on their investment. This defensive mode is quite understandable since people are looking for safe-haven assets while being afraid of future economic shocks, including higher inflation.

Publication date: 27 October 07:36 AM