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Friday, 29 April 21:37 (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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Forex. EURUSD

According to the recent report released by Ifo, the level of business confidence in Germany decreased in April 2016. The researchers say that the decrease was conditioned by worse economic prospects.
 
Publication date: 27 April 06:57 PM

SFX Trade Leaders Pro – First Team Trading Software for FX Traders and Investors

When trading Forex, the world’s biggest financial market with over 5 trillion dollars of daily turnover, you have to compete with millions of other trader and investors out there. That’s why you need a whole lit of advantages to succeed in this highly competitive business. The list includes, skills, expertise, decent brokers and innovative solutions like cutting-edge trading software. These are some of the cornerstones of success in trading FX.

Publication date: 27 April 10:29 AM

FXTM Introduces Brand-New Type of FX Live Accounts

Many FX brokers out there offer their clients something beyond trading currencies. I mean, they offer other assets to trade, including derivatives on such underlying assets as stocks indexes and commodities via MT4 or other trading software. However, the thing is that not all of them provide their traders with true quotes for stocks, metals, indexes, and commodities.

 

 
Publication date: 27 April 08:04 AM

Has Failure of Doha Meeting been Orchestrated?

According to some experts, the failure of the recent meeting of representatives from oil-producing countries in Doha could have been orchestrated. The “Market Leader” has delved into the issue in order to understand who could have staged such performance in the capital of Qatar.
 
Publication date: 27 April 07:17 AM

Social Trading with eToro – Revolution in Financial Markets

Social trading is a relatively new phenomenon in financial markets. Still, its getting more and more popular with the international trading community. Experts call it a universal and efficient way of trading financial markets backing increased financial performance and reducing market risks.
 
Publication date: 26 April 06:06 PM

PrivateFX Names TOP 5 PAMM Accounts

PAMM investing is one of the best and most profitable ways to invest in Forex at relatively low risk. Still, most beginning investors out there have a hard time choosing a suitable PAMM account to invest in. Some of those PAMM managers may apply aggressive risk management and risky strategies for the sake of higher profits. Apparently, this may lead to considerable drawdowns at times while some investors don’t have such risk tolerance to bear with it. On the other hand, some traders may apply conservative strategies for the sake of stability, thereby sacrificing high profitability. Anyways, there are various kinds of investors out there. Yet, there are certain kinds of PAMM accounts for all of them. That’s why PrivateFX let’s you monitor various readings for the entire period since day one as well as for the past trading week. This holds true for profitability, drawdowns etc. Analyzing and comparing those data cannot be underestimated in terms of choosing which PAMM account to go with.

Publication date: 25 April 01:58 PM

Masterforex-V EXPO: Best Binary Options Brokers. April 2016

Binary options are the kind of derivatives that can either make you lose the entire investment or let you win the amount of money close to or equal to 100% depending on the binary broker you trade with. These are all-or-nothing investments. The risk and the potential reward are known even before you open a trade. This is one of the key reasons why binary options are still getting more and more popular worldwide. With that being said, you may calculate the amount of winning trades versus losing trades you need to break even or to start profiting from your trading activities.

 

 
Publication date: 24 April 07:04 PM

Forex: U.S. Dollar Goes Weak Amid U.S. Industrial Production Figures

According to the recent report released by the Federal Reserve, the U.S. industrial production slowed down as of March 2016. The drop amounted to 0.6% over the reporting period relative to the previous one, which is February 2016. At the same time those who were interviewed by Bloomberg had expected the industrial production to drop by no more than 0.1%.

Publication date: 24 April 03:52 PM

Forex. USDCAD: Canadian Dollar Is Still Strong Against American Counterpart

Canada’s manufacturing sector showed a decline in February 2016. This is confirmed by Statistics Canada. Analysts point out that the key factor that triggered the decline was a auto and oil sales drop. February’s sales drop amounted to 3.3%.

Publication date: 24 April 03:41 PM

Forex. AUDUSD: Aussie Rallies On April's RBA Meeting Minutes

The Australian national currency has become a point of concern for the Reserve Bank of Australia once again. This is confirmed by the latest RBA meeting minutes released the other day. To be more specific, the central bank assumes that the monetary policy pursued by the bank is adequate to the existing economic situation in Australia.
 
Publication date: 24 April 03:27 PM