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Thursday, 11 February 08:54 (GMT -05:00)



Foreign exchange market

US Dollar: US External Trade Deficit Keeps Growing


 

 

The US import exceeded the export by 145 in April. The external trade deficit reached $51,8B, which is $6.4B more than February’s deficit.

 

 

 

 

 

 
As for the US import costs, they declined by 0.5% (m/m) in April and gained 0.5% (y/y).
 
Lower fuel prices were the major reason for lower import costs as compared with March’s stats. The import costs increased by 1.4% (m/m) in March and by 3.5% (y/y).
 
Analysts say that the import cost increase (y/y) is the lowest in 3 years. This suggests that the global economic growth keeps slowing down.
 
As for the US Dollar index, it is fluctuating within the range created by the bullish wave «с(С)/5» of wave level H6. According to Masterforex-V Academy experts, 80.34 will become the next major level of resistance. If the price breaks and consolidates above it, the rally will resume. In order to reverse the mid-term uptrend, the price will have to break below 79,65 and form a FZR below it.

 

 

 

 

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Masterforex-V Academy’s Top 60 Traders Earned over 42 000 Points of Profits in January 2016!

The first trading months of the new year is now over and its is time for Market Leader to interview Eugene Olkhovsky (Canada) regarding pro-rebate.com, which is his project dedicated to FX rebates and automatic trading services.

Publication date: 03 February 03:18 PM

Forex Broker Rating: NordFX – Best ECN Broker 2015

At the end of 2015, Masterforex-V Expo determined the industry’s best companies in 2015. The winners were determined according to open voting as well as over 20 other criteria. Both traders, investors and financial experts participated in the voting as well, including members of Masterforex-V Academy.

Publication date: 31 January 12:39 PM

Forex Broker Rating: PrivateFX - Most Discussed FX Broker in January 2016

Experts say that the popularity of a Forex broker in social networks is one of the key factors indicating the company’s stable growth. This is what the contemporary online business is all about. It is built around customer feedback and client focus. Successful businesses give their clients exactly what they want.  That is why marketing experts keep on reiterating the importance of building an army of loyal customers to back the company’s success over the long term.
 
Publication date: 30 January 05:33 PM

Forex Broker Rating: NordFX - World's Best FX Broker 2015

Every year, Masterforex-V Expo determines the world’s best Forex broker, which are FX companies offering the best products, services and solutions for profitable FX trading, according to professional traders and investors as well as independent financial experts.

Publication date: 30 January 09:36 AM

Soros Versus Renminbi

They say that George Soros, the world-famous American billionaire, is waging war on the Chinese Yuan also known as the Renminbi. Well, this is more than a rumor, especially if to take into account the fact that the Chinese Department of Trade is reporting the same thing.

Publication date: 28 January 05:39 PM

Oil Prices Go Down Again

Today, oil prices have resumed the downtrend once again.  This is happening amid the same excessive oversupply seen in the global market of crude oil. In particular ICE Brent futures went 15 down to $32,77/b in London after a stunning recovery seen over the past couple od trading days. At the same time, WTI futures went some 1,3% down to $31,87/b.

Publication date: 28 January 04:14 PM

Forex: U.S. Dollar Goes Down Amid U.S. Labor Market Figures

The U.S. Department of Labor has recently released a report, which says that the amount of jobless claims reached the 6-year high last week. In particular, the amount of jobless Americans applied for unemployment benefits increased by 10 thousand people up to 293 000 people for the first time in many years.

Publication date: 27 January 06:00 PM

SFX Markets Expects Tech Innovations After iFX EXPO in China

On January 26 – 28, Hong Kong is hosting another prestigious Forex expo called iFX EXPO.  Some experts say that this event is among the top 5 Forex expos planned for 2016. The ways to improve the FX industry through innovation are going to be some o the major issues on the agenda. In particular, SFX Markets is going to introduce some cutting-edge technologies aimed at improving the so-called FIX API trading.
 
Publication date: 26 January 07:27 PM

8 Lessons by PrivateFX for Companies, Willing to Appear at International Markets


At the time when politicians are busy with economic sanctions and imposing trading embargoes, and officials argue about ways and methods of attracting investment and gaining international markets, leading ІТ enterprises are making certain steps forward, thus creating real perspectives for development in the nearest future. In his new-year greeting the Managing Partner of PrivateFX Group Roman Karaulov has admitted that the new business-structure, which has recently appeared at the market, offers its clients truly innovative approach to investment that opens unseen opportunities before all market participants.

Publication date: 24 January 11:22 AM

Traders of Masterforex-V Earn Over 23 Thousand Points Since Beginning of January 2016

Long New Year holidays are over, and journalists of the “Market Leader" have met the vice-rector of Masterforex-V Academy Sergei Cherepanov (nick at forum Rich man) to ask him about intermediate results of traders – participants of pro-rebate.com project. Offers of these traders can be copied for free if subscribed to the web site.
 
Publication date: 21 January 03:51 AM