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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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EURUSD Outlook

 

Yesterday, the common European currency was under pressure exerted by the sellers.
EURUSD started going down since the local high of 1.3218. By the endo of the trading day, the price reached 1.3159. his is still the local low.
 
Yesterday, we saw positive stats coming from the USA. They concerned the local labor and housing market. In particular, the amount of initial jobless claims shrank from 299 000 down to 298 000 last week, which is definitely a positive sing for those who purchase the US Dollar.
 
At the same time, the amount of incomplete sales in the local housing market increased up to 3.3% in August. The sales increase took place from 102.5 points up to 105.9 points.
Publication date: 29 August 12:08 PM

EURUSD: Euro Goes Up To 1.3185

 

Yesterday, the common European currency was under pressure exerted by the sellers.
EURUSD started going down since the local high of 1.3218. By the endo of the trading day, the price reached 1.3159. his is still the local low.
 
Publication date: 29 August 08:18 AM

Forex: US Dollar Gainst Value Against Yen

 

Today, on August 29th, Japan delivered a news block of 4 economic reports during today's Asian trading session. The news block indicates that the economic recovery seen after the recent sales tax increase is unstable and inconsistent. Most likely, the recovery period is going to be longer than expected by the Bank of Japan.
 
Publication date: 29 August 04:19 AM

Forex Trend’s PAMM Accounts Keeps On Generating Stellar Profits !!!

 

If you are really intended to make a successful career and to back your bright financial future, investing in safe-have assets with decent yields is a way out. To tell you the truth, it is not as difficult as one might think at first. Still, it is only possible provided that you are really willing to devote enough time, money and effort to it. Practice shows that anything is really possible for ambitious and hardworking people doing their best to make their dreams come true.
 
Publication date: 28 August 12:21 PM

EURUSD: Euro Drops Down To 1.3169

 

During the European trading session, EURUSD is going down from the local high of 1.3218. At this point, the downswing has been suspended at 1.3169.
 
Publication date: 28 August 10:34 AM

EURUSD: Euro Recovers Up To 1.3217

 

The strong downward pressure exerted by the sellers of EURUSD weakened a little bit suring yesterday's trading hours. After hitting a local low at 1.3152, the common European currency started regaining some of the lost ground against the US Dollar. The bullish recovery took almost the entire trading day amid a lack of major economic news from the Eurozone and the USA.
Publication date: 28 August 06:21 AM

EURUSD Decline Down To 1.3170

 

The sellers' pressure exerted on the common European currency is still underway. Since the nightly low of 1,3152, the currency pair recovered during the entire European trading session of August 27th but the started going down again. The price level of 1.3188 is still the intraday high.
 
Publication date: 27 August 02:13 PM

“Panteon-Finance”: 20% for 2 weeks – profitability of “Arena of Investors” in August

 

In the conditions of unstable global economy more and more citizens are obliged to “tighten their belts”. Especially when salary is never enough, and one has to save almost on everything in order to live normally.
 
Publication date: 26 August 09:42 PM

RVD Markets: Beneficial PAMM Investing. Up To 30% ROI In July 2014

 

These days, Forex PAMM investing represents one of the most promising opportunities to make money. Forex PAMM investing gives you a chance to generate stellar profits on a regular basis without being a professional trader / investor. This can definitely be considered a win-win situation for everyone. Those who dare invest in PAMM accounts eventually find themselves making the right choice since they enjoy consistent rewards while they don’t have to trade by themselves or even to know how to trade financial markets at all. At the same time, trading managers can attract decent funds to trade bigger lots and generate more substantial profits for themselves and their investors.
 
Publication date: 26 August 03:15 PM

EURUSD: Euro Drops To 1,3190

 

Today, the common European currency keeps on struggling against the US Dollar within the scope of the 1.3178-1.3213 price range seen in the market of EURUSD.

Publication date: 26 August 01:45 PM