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Wednesday, 2 September 14:55 (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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Masterforex-V EXPO Names Best FX Banks in August 2015

 

Any Forex trader sooner or later faces the challenge of choosing a broker.  This is a major choice, which is going to determine the trader’s overall success along with a successful trading strategy, solid risk management, a clear trading plan and some other factors.
Publication date: 02 September 08:45 AM

Masterforex-V EXPO Reveals Best Binary Brokers in August 2015

 

Since the very time binary options were recognized as a finial asset (a derivative, to be more exact), they have been getting more and more popular with Forex, commodity and stock traders worldwide. As you know, binary options are mostly all-or-nothing bets, financial derivatives allowing you to know your risk and potential reward in advance and therefore plan your trading accordingly. Make a correct prediction and profit if the option is in the money on expiration. It is that simple. Indeed, the relative simplicity is one of the key reason why binary options are so popular with contemporary traders, especially for those FX traders who are just getting their feet wet and have little to zero expertise in trading currencies. Binary options are way easier to trade than the conventional spot Forex market. This is an excellent opportunity gain some experience. Still, intermediate and advanced traders (especially intraday traders) do not mind trading binary options as well since they can be potentially more profitable.
Publication date: 02 September 06:43 AM

Masterforex-V EXPO Names World’s Most Reliable FX Broker in August 2015

 

It is common knowledge that no retail Forex trader can do without an FX broker. With that said, every single trader out there has to choose a certain broker to go with.  Still, few traders are actually happy about their choices since not all FX brokers are reputable companies that a worth trusting.  Few brokers can actually put their promises into practice. Decent trading conditions, safety of client funds, transparency, flexibility and innovation. These are some of the things that a reputable Forex broker should provide its client with.
 
Publication date: 01 September 11:06 AM

Masterforex-V EXPO Reveals Best FX Rebate Services in August 2015

 

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.
 
Publication date: 01 September 06:55 AM

Masterforex-V Expo Names Best Forex Affiliate Offers in August 2015

 

These days both professional traders / investors and plain folks have all chances to succeed in working in he contemporary Forex industry. Indeed, Forex really stands out from the crowd of other financial markets. Why? The thing is that FX is the world's largest financial market. That is why there is nothing to be surprised about the fact that more and more pros and rookies with little to zero expertise in trading are truly seduced by this tasty and extremely big piece of cake.
 
Publication date: 01 September 06:48 AM

With Forex-Market, You Can Forget About “Black Mondays”

All those black Mondays, Tuesdays, Wednesdays, Thursdays and Fridays keep on haunting FX traders these days. It’s been around 6 months since the SNB unpegged the Swiss Franc, thereby triggering force-majeure in the Forex industry. Greece has been causing stress to FX traders as well.

On August 24th, we could see another case of abnormal market volatility. Major stock indexes crashed, currencies went wild. Was this another stress test for FX traders and even brokers? This is the question we asked the Forex-Market company.

Publication date: 31 August 02:46 PM

New Scandal with Large Forex Broker: IronFX “Under Investigation" of CySec

 

“To all appearances, crisis of Forex brokers continues," unanimously claim many analysts. And there is no bottom to this bearish trend. Not only small and medium players quit the market, but also such famous companies as Forex Trend, "Panteon-Finance", RVD Markets, etc.
 
Publication date: 28 August 03:22 PM

Fort Financial Services on Benefits of Using VPS for Forex Robots

These days, more and more traders prefer automated trading to manual one. In other words, they outsource the trading process to trading robots. They say that the biggest advantage of using trading robots (also known as expert advisors) is the absence of emotions all human traders are subject to. Indeed, emotions in trading lead to poor results more often than not.

Publication date: 28 August 02:04 PM

NordFX Introduces New Bonuses For Forex Traders

As you probably know, Forex is the worlds’ biggest financial market. Therefore, the money is more then enough for the average trader to get rich. On top of that, immense financial flows (several trillion dollars a day) stimulate innovation in trading,  which leads us to believe that contemporary FX brokers create a more favorable environment for retail traders to make money consistently.

Publication date: 28 August 09:58 AM

FxPro Offers Forex Traders New Opportunities to Succeed in FX Trading

Without any doubt, these are hard times for the entire global trading and investment community. As the financial and economic uncertainty keeps building up, financial markets go volatile and and uncertain as well.  Under such circumstances, Forex traders are forced to seek truly reliable FX brokers, especially after several big-scale FX brokers went bankrupt following the SNB’s decision to unpeg the Swiss Franc from the Euro earlier this year.

 
FxPro is one of those major FX brokers who remain stable and reliable at all times while their popularity grows. According to Forex Magnates, FxPro is among the TOP 10 retail FX brokers with clients from over 150 countries of the world. The representatives of this Forex broker say that this is the result of big efforts to back the guarantees of security, safety of client funds and excellent trading conditions along with transparency and flexibility.
Publication date: 27 August 08:29 AM