Tue, 01 May 2012 18:41:00 +0400
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.
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The contemporary international Forex industry is hard to imagine without endless bonuses and promos offered by all kinds of Forex brokers operating in the industry. Apparently, this is done to attract new clients and stimulate existing ones. At first sight it looks like It is all about loyalty and reputation. The winners of various promos get luxurious prizes while the participants of bonus offers enjoy some kind of a safety cushion. This how it should be.
For starters, let’s find out what rebate is. This is a system designed to give a part of the spread back to the trader. Indeed, this has become a crucial part of the contemporary Forex industry since any Forex trader who is pretty active in trading currencies can save a lot of money on spreads and other fees charged by Forex brokers. When you save money you also contribute to higher profit potential. Even if you a beak-even trader, you can still make money at the expense of rebates. The more active you are in trading, the more money you can actually save and the higher payout you will eventually get from the rebate service you use.
On October 2nd, 2015, Masterforex-V Academy celebrated its 10th anniversary. Market Leader congratulates Masterforex-V Academy on his wonderful event! It should be noted that since 2005, Masterforex-V Academy has turned into a major online resource dedicated to professional Forex coaching. At this point, it has been Europe’s best online FX coaching project since 2009. However, Forex is not the only financial market the Academy is dedicated to.
According to the latest official report conducted by the Office for National Statistics, the country’s official national statistics agency, The UK’s balance sheet saw a deficit in Q2 2015, Market Leader reports. However, this time the deficit shrank. It seems like the deficit turned out to be smaller than expected by financial analysts and other experts.
According to the recent report released by Markit Economics, the Eurozone’s Manufacturing PMI showed negative dynamics in September 2015, Market leader reports. In other words, the PMI figures matched analyst expectations.
The contemporary FX trading industry is seeing changes. While some brokers (who used to be some of the leading companies in the niche) keep quitting the industry or cease to exist at all, some other brokers out there are definitely facing some major financial challenges, which further translates into bad experience for their clients who cannot get their money back, not to mention any chance to withdraw profits. As the result they automatically got blacklisted by multiple rating websites, including the most unbiased and respected online FX rating by Masterforex-V Academy named Masterforex-V Expo.
Sooner or later, each Forex trader eventually has to get down to choosing a reputable FX broker since most companies operating in the contemporary FX industry cannot fulfil their obligations at all times. More frequent bankruptcies among FX brokers due to force-majeure situations coupled with cases when traders simply cannot withdraw their money make traders think twice before making a decision. Those traders who treat their trading business seriously want reliability and security as well as decent liquidity, innovative solutions and beneficial trading conditions. Simply put, they want to save and multiply their capital confidently.
How to make money trading Forex? How to choose a reputable FX broker? Why Forex is the best option among financial markets for most of us? These are some of the questions FxPro experts are going to answer within the scope of this article.