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Tuesday, 23 December 20:03 (GMT -05:00)


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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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Ultimate Experience in Binary Options Trading with Alpari

Binary options gain popularity worldwide. The unprecedented success of the relatively new derivative has a lot to do with its relative simplicity and affordability. Basically, conventional PUT/CALL binary options allow you to make 70-90% on average (sometimes even 100%) if they expire in the money while the risk is limited to your investment and therefore is fixed.

 

Publication date: 22 December 03:28 AM

TeleTrade Hosts Big-Scale International Forex Conference

 

In early December, the international Forex industry witnessed a major event. The thing is that TeleTrade, one of the true heavyweights and veterans operating in the Forex brokerage field, has just celebrated its 20th anniversary!

Publication date: 22 December 02:26 AM

Forex. GBPUSD Outlook

 

The unemployment level is going down in the UK. Still, the pace of this decline slowed down last month. This slowdown turned out to be bigger than expected. However, the salaries seem to be growing.

Publication date: 20 December 05:26 PM

Forex. USDCHF Outlook

Investors go less pessimistic regarding the Swiss economic prospects in December. Still, most of them are still worried about the possibility of negative consequences of the current economic instability in the Eurozone affecting the Swiss economy.

Publication date: 20 December 05:09 PM

Forex. NZDUSD Outlook

 

The current balance deficit seen in New Zealand is reported to have gone up to the highest point in 6 years, Market Leader reports. This is confirmed by official stats. Despite the decline, Moody’s experts refused to downgrade the country’s sovereign rating, which is pretty high at this point.

Publication date: 20 December 04:55 PM

US Dollar Gains Value Against Other Currencies Amid CPI Decline

 

The US Department of Labor has recently revealed the latest data, according to which the CPI (consumer price index) dropped 0,3% in November 2014 relative to the previous reporting period, Market Leader reports.

Publication date: 20 December 04:39 PM

ForexTrend and Forbes Reveal New Leaders of Managing Trader Contest

 

In order to become a financial successful person, it is insufficient to rely only on your salary, even though it is enough to buy food, clothes and pay the loans. Amid crises, uncertainty and instability in financial, political and economic aspects, it is vital to take urgent steps to at least prevent your savings and income from losing its purchasing power and to make even more money.

Publication date: 19 December 05:11 AM

Russian Brokers Suspend Ruble Transactions

 

Apparently, minor currency pairs like EUR/RUB and USD/RUB seem to be not so popular among Forex traders. Adding fuel to the fire, on December 17th, Russian brokers suspended all transactions involving the Russian Ruble. This decision was made under the pressure exerted by international Forex brokers and market makers sine they refused to keep on working with the Russian currency. Still, according to competent sources, this is a temporary ban.

Publication date: 19 December 04:03 AM

Fort Financial Services: Christmas Gifts to Forex Trades

Christmas is coming. Everyone seems to get ready for the celebration. It is the time when various companies start making pleasant gifts to their clients and customers. Some Forex brokers are not an exception. They improve trading conditions and offer loyalty bonuses and promos to make their client feel better in advance of Christmas.

Publication date: 16 December 08:19 AM

GBPUSD: Pound Gains Value Against Dollar Amid UK Economic Forecasts

 

The UK authorities are reported to have improved their predictions for the national economic growth in 2014 and 2015. In particular, Market Leader reports that this info was revealed by George Osborne, the UK Minister of Finance. The statement was made within the scope of his speech made in front of the Parliament.

Publication date: 15 December 06:11 AM