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Foreign exchange market

EURUSD in the Light of IMF Empowerment


Forex news.
Since next Friday till next Sunday the meeting of the heads of tax authorities from the countries of the "Big Twenty" will be held in Washington. Major issue to be discussed is the possibility to expand the resources of International Monetary Fund, the necessity of which was pronounced by IMF Managing Director Christine Lagarde on April 04, 2012 in her appeal to industrial countries. IMF empowerment is stipulated by the necessity to resist crisis developments, including the ones in eurozone.
In general, the participants of the forum have given the appeal preliminary support. "We have been promised to receive over 316 billion dollar. And I believe that the final sum will be even larger," said Christine Lagarde during her speech in Washington.
Not all participants, though, are easy to come to terms with. For example, Russia, China, and Brazil have agreed to donate funds, but only in exchange for additional votes in the framework of IMF. Canada has absolutely refused to take part in the rescue of Europe, explaining that European Union has enough means to settle crisis developments.

Technically, the actions of EURUSD currency pair at FOREX market may be called moderate content with news. The pair has not yet finished the rising correctional structure h1-h4, where wave "С" continues. According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, points 1.3179 and 1.3270 are the targets of the uptrend.

 

 

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Text: Alex von Stachelkopf, trader of SRP Sub-department of Masterforex-V Trading Academy
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FBS Recognized Best Asian Broker 2014 4 Times In A Row

 

What makes the industry’s best representatives stand out from the crowd of other average counterparts? Yes, you are right! It is all about progress, professionalism, stability, efficiency and flexibility.

These are to cornerstones of success in almost any business, including Forex brokerage. Today we want to share with you the outstanding achievement made by some o the best Forex broking companies out there. Its name is FBS. The thing is that FBS won another prestigious Forex award last month, which came as true recognition the company’s policies and approach to the client. Let’s have a closer look at it…

Publication date: 19 September 03:39 PM

GBPUSD: British Pound Gains Value versus US Dollar as Scotland Remains a Part of Great Britain

 

Today, on September 19th, the British Pound is gaining value against its American counterpart. The tendency started this morning after Scotland revealed the results of the latest independence referendum. As a result, Scotland decided to stay a part of the United Kingdom.  Apparently, this triggered a bullish wave.
Publication date: 19 September 06:22 AM

US Dollar Gains Value And Sets New Local High At 84,81 After Fed Meeting Results

 

Today, on September 18th, the US Dollar index, which indicates the strength of the American currency against a basket of 6 other currencies, continues its way up to new local highs. The thing is that this morning, the index managed to gain 0,38% to set the new high of the year at 84,81. The rally resumed as a response to the results of the latest Fed meeting. In particular, the Fed left all of its policies unchanged. However, the central bankers warned the world about the likelihood of monetary toughening in longer-term perspective.
Publication date: 18 September 06:10 AM

Masterforex-V Academy: Who Cannot Enter Masterforex-V Expo’s Ultimate League of Forex Brokers and Why?

 

Sooner or later, any Forex trader has to face the challenge of choosing a reliable broker, which will help him/her to succeed in Forex trading in the long run. The thing is that depositing is easy with any broker, both a scam and a truly reputable one. However, when it comes to withdrawing funds, only reputable brokers can withdraw money without delays and questions and lame excuses, which is certainly not the case with minor brokers and scam brokers.  
 
Publication date: 17 September 03:33 PM

EURUSD Still Trades Around 1.2960

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 01:11 PM

EURUSD Trades Close To 1.2960

 

The currency pair has been bullish since the beginning of today’s European trading session on September 17th.  
 

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 07:11 AM

EURUSD: Euro Keeps Regaining Value Against Dollar

Yesterday, the currency pair set another local high at 1.2994. This occurred during the American trading session. EUR/USD rallied up to the local high after breaking above the top of the 1.2858-1.2962 price range, which was a pretty wide one. The price used to consolidate within the price range for almost a week. So, yesterday’s trading session were mostly won by the bulls. Strange as it may seem, but the currency pair gained value amid weak stats from the Eurozone.
 
Publication date: 17 September 06:55 AM

Forex. USDCHF: Dollar Rallies Against Franc

 

Switzerland’s producer prices and import prices continued their way down in August 2014, as reported by the Swiss Federal Statistical Office. At the same time, the Swiss National Bank expects the period of low inflation to continue longer than expected.
Year over year, the PPI and import price decline reached 1,2% in August after July’s decline of 0,8%. As we can see the downward tendency accelerated over the reporting period.
 
Publication date: 16 September 04:15 PM

EURUSD Goes Up to 1.2966

 

The key currency pair, which is EURUSD, is still trading within the scope of the 1.2858-1.2962 price range. The current trading range has been underway since the middle of last week.
 
Publication date: 16 September 09:30 AM

US Dollar and Forex: This Week’s 5 Key Drivers

 

Without any doubt, the Fed’s meeting is the event of the week. Millions of retail and institutional traders around the globe are looking forward to seeing the result of the meeting since this one will be influencing all financial markets thanks to the future monetary policies, including the intentional to start raising interest rates. On top of that, the Fed’s meeting will end up with several economic predictions and will be followed by the press conference conducted by Janet Yellen, the Fed’s Chair.
 
Publication date: 16 September 09:28 AM