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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 Consolidates

 

Today, on October 17th, during the European trading session, the common currency managed to regain some of its value against the world’s most popular currency, which is the American Dollar.  Still, the recovery was rather weak.  EURUSD rallied from 1.2780 up to 1.2839, thereby making a narrow trading range between the levels. With that said, the currency pair has been trading within the range since the beginning of the American trading session.

Publication date: 17 October 11:39 AM

US Dollar May Stop Strengthening When Fed Finishes Tapering QE3

 

Yesterday, on October 16th, the President of the Federal Reserve Bank of Saint Louis told Bloomberg TV that the Fed should delay the total tapering of QE3 planned for this month. His concerns are caused by lower inflation expectations coming from investors coupled with much more volatile markets. US stock indices were busy retracing before the statement, thereby reducing to nothing almost the entire gains to all-time highs made this year. After the statement, the VIX went down from the extreme value of 31,06 down to 25,20 while the USA’s major stock indices closed the trading session with a rally.

Publication date: 17 October 06:20 AM

USD Loses 0,11% Amid Weak US Economic Data

 

Today, on October 16th, the US Dollar drooped 0,11% during the Asian trading session. This decline was followed by yesterday’s drop against other majors after the USA revealed poor economic figures during the American trading session.

Publication date: 16 October 06:53 AM

USDJPY: Dollar Gains 0,19% Against Yen After Stock Market Rally

 

Today, on October 15th, the US Dollar managed to gain 0,19% against the Japanese yen earlier on the trading day. This happened after Nikkei 225, Japan’s major stock index and one of the major Asian stock indices, gained 0,5% during the Asian trading session.

Publication date: 15 October 09:19 AM

Forex Traders Reveal Their True Earnings

 

There is no such thing as too much money. That is why the search of decent moneymaking opportunities has always been and will always be one of the key and most burning issues for an average human being. On top of that, this holds especially true when the global economy shows signs of weakness and is about to stagnate, thereby affecting the buying power of most people around the globe.

Publication date: 15 October 06:12 AM

Masterforex-V Expo Names Best Micro Brokers in October 2014

 

As you probably know, today’s Forex industry offers a huge variety of services. Even rookie traders with tiny trading capital now have a decent opportunity to trade Forex on the so-called micro / cent accounts (starting from $1). I bet some of you have some questions like:
 
What are micro / cent accounts? Why are they so popular among rookies worldwide? Why are beginning traders recommended to choose micro / cent accounts (usually $1 to $50) when deciding to switch to real-money trading? Which micro brokers are the most reputable, popular and reliable? Let’s find this out…

Publication date: 15 October 05:07 AM

ActivTrades on Benefits of Trading Stocks and CFDs

They say buy new bottoms and sell new highs. With that said, you can find plenty of financial assets to trade in contemporary financial markets. Still, contracts for differences (CFDs) can actually be considered some of the best assets to trade, especially as some of them are currently undervalued.

Publication date: 14 October 08:42 AM

EURUSD Drops On Tuesday

 

Yesterday’s trading sessions were dominated by the bulls (the buyers of EURUSD). During the American trading session, the market advanced up to 1.2767. At this point, the price level is the high of the current trading week. The following point was reached as the result of strong economic figures coming from Germany’s the Eurozone’s biggest and strongest economy.

Publication date: 14 October 08:04 AM

GBPUSD Sets Local Low

 

On October 14th, 2014, GBPUSD, which is one of the world’s most popular currency pairs, is still developing its way down to new lows. At this point, the currency pair has already set a new local low. During the European trading session, the currency pair set a new weekly low at 1.5944. The decline came as a response to the poor performance of the UK’s CPI. According to the report, the British consumer price index remained unchanged at 0,4% during the reporting period, which failed to match the analytic forecast (they had expected the index to improve up to 0,6%).

Publication date: 14 October 07:46 AM

Masterforex-V Expo Names Best Binary Options Brokers in October 2014

 

There is no doubt that today’s financial services industry (including financial markets) can offer you and me a great variety opportunities aimed at generating stellar profits. Indeed, earning money in today’s financial markets has become much easier than it used to be. I bet it cannot be by mistake that the industry is constantly expanding and attracting more participants at both sides of the fence - broking companies as well as their retail and institutional clients (traders and investors). This leads us to believe that the contemporary trading industry has actually become fairly sophisticated and very competitive, involving with hundreds of the so-called brokers (businesses offering their brokerage services).

Publication date: 14 October 07:23 AM