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Tuesday, 28 June 07:18 (GMT -05:00)



Foreign exchange market

BNY Mellon: Higher GBPUSD Will Have Negative Impact on British Economy


Forex news, GBPUSD. BNY Mellon experts believe that the Bank of England will inevitably face problems, caused by the increase of British currency. This may stipulate verbal interventions from the Bank. Times change, and the Bank of England will have to cede the secrecy, which it has always demonstrated in monetary policy.

British pound is turning into shelter currency again. Such change of roles is happening under the influence of investors, who are trying to avoid the impact of debt crisis in eurozone. However, the change is happening in inconvenient for British government time, and higher GBPUSD may have negative impact on the efforts of British government that are directed at fighting recession.

GBPUSD remains within long-term rising trend. According to the experts of Masterforex-V Trading System Department, the pair has finished forming 3rd sub-wave or sub-wave А(С)/С as a part of long-term bullish wave С. At this point GBPUSD currency pair is within the zone of forming 4th sub-wave or sub-wave В(С) of bullish trend. 5th sub-wave or sub-wave А as a part of Elder’s Hound/MF will start when local maximum is broken. The closest resistance is provided by Fibonacci points 1.6345 and 1.6389. Further decline will be supported by pivot MF 1.6152, as well as the end of 4th sub-wave – 1.6062, and sloping channel MF.

Text by: Eduard Culchenko, expert of Masterforex-V Trading System Department

 

 

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SFX Debit Card: Cutting Expenses To Zero

What is really important for each and every FX broker out there? Apparently, this has to do with choosing a decent FX broker. A dream broker is an honest, reliable, secure provider of premium-quality services in financial markets.  This is a client-oriented business creating win-win solutions.  
 
Publication date: 26 June 01:55 PM

Forex: USD/CAD Remains Within Correction due to Growth of Retail Sales in Canada

Retail sales in Canada showed growth in April. The general growth has mostly been caused by increase of sales at filling stations.
 
Retail turnover has increased to 44.3 bln. dollars, which is an 0.9% rise after a drop by 0.8% in March. In general turnover has grown due to price rise, as in natural terms the volume of sales has not changed.
Publication date: 26 June 01:28 AM

Forex: Japanese Manufacturing Sector Keeps USD/JPY Within Bearish Trend

Manufacturing sector of Japan has shown minor rise of business activity in June. Analysts name several factors that have extremely negative influence on Japanese manufacturing sector.
 
Business activity index for manufacturing sector has risen to 47.8 points in comparison to 47.7 points in May. Actual value of the index has proved worse than predicted, for it had been expected to rise to 48.2 points.
Publication date: 25 June 05:48 PM

Forex: AUD/USD Keeps Rising After Publication of RBA Protocols

RBA has kept its interest rate, counting on weak growth of inflation.
 
As shown by protocols of June meeting of RBA, returning inflation to the target level has become one of the reasons to keep interest rate at the same level. Nevertheless, results of the first quarter have shown negative dynamics at housing market.
Publication date: 25 June 04:51 PM

Masterforex-V Expo: Best Micro FX Brokers. June 2016

When it comes to trading Forex via a micro broker, traders don’t have to invest thousands of dollars as the starting capital. This is one of the biggest competitive edges those FX brokers have when it comes to FX rookies getting their feet wet in FX trading. Indeed, few rookies can really afford to start trading big right off the bat. However, it is not recommended to start big if you are just getting your feet wet in trading financial markets. This is where cent brokers (or micro brokers) come in handy. They allow rookies to trade currencies and improve their skills while more advanced traders can test their strategies without having to risk big money.

Publication date: 24 June 05:00 AM

Nordhill Capital: HYPER FX – Major Source of Passive FX Income

These days, Forex trading has become one of the best sources of income of all kinds. For some people who trade Forex professionally on a daily basis, this is a major source of income. For others, this is a source of extra income to some extent.

Publication date: 23 June 04:43 PM

FXTM Opens New Educational Center In Pakistan

A famous international FX broker named ForexTime (FXTM) has become one of the biggest newsmakers of the month. First off, the broker started a brand-new multi-level loyalty program and opened a new office in London. At he same time, the company added Persian and some other languages to the list of supported languages and introduced a new payment system to Russian clients.  On top of that, FXTM gave away $100 000 as the prize pool to the winners of the Forex Legends contest and launched FX Invest, an unprecedented project embracing some of the world’s best financial analysts. All of that was done in a matter of 4 weeks! Apparently, that kind of intensity in introducing innovative solutions has been a pleasant surprise for hundreds of thousands of clients from over 180 countries of the world. Most of those clients leaving their feedback underline the fact that those changes have have a positive impact on their trading and investment performance.

Publication date: 23 June 07:38 AM

Masterforex-V Expo Names Most Reputable Forex Brokers In June 2016.

These days, finding a reputable and reliable broker can turn out to be a real challenge. There is no denying the fact that a reliable trading partner is definitely as significant as a profitable trading strategy along with trading skills and valuable knowledge. Indeed, does it really matter how good you are at Forex trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious. Picking a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…

 

 
Publication date: 22 June 12:06 PM

SFX Markets: 6 Fund Protection Factors

For each and every trader out there, financial security is one of the key factors o focus on. The thing is that if you treat you FX trading or investment business seriously, you just cannot stop thinking about how secure your funds and transactions are. Unfortunately, few brokers in the entire industry are actually capable of providing the trader with 100% safety of funds and security.

 

 
Publication date: 21 June 09:48 AM

Masterforex-V Expo: Best Forex Affiliate Offer. June 2016

These days, affiliate programs offered by various FX broker out there is helping the businesses to expand by means of attracting new clients. Introducing brokers which are a part of such affiliate partnership model are capable of interacting with the client directly and get a generous share of the income gained by the primary broker.
 
Publication date: 20 June 09:01 AM