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Friday, 19 December 04:36 (GMT -05:00)


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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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Fort Financial Services: Christmas Gifts to Forex Trades

Christmas is coming. Everyone seems to get ready for the celebration. It is the time when various companies start making pleasant gifts to their clients and customers. Some Forex brokers are not an exception. They improve trading conditions and offer loyalty bonuses and promos to make their client feel better in advance of Christmas.

Publication date: 16 December 08:19 AM

GBPUSD: Pound Gains Value Against Dollar Amid UK Economic Forecasts

 

The UK authorities are reported to have improved their predictions for the national economic growth in 2014 and 2015. In particular, Market Leader reports that this info was revealed by George Osborne, the UK Minister of Finance. The statement was made within the scope of his speech made in front of the Parliament.

Publication date: 15 December 06:11 AM

Forex Trend, TeleTRADE, and Alpari Named Most Popular Brokers in November 2014

 

Sooner or later any beginning trader faces the question of choosing a reliable Forex broker. Yes, exactly reliable, but not a famous or a popular one, for this parameter fully accounts for safety and accumulation of trader’s capital in future. Nevertheless, many traders base their choice only on two factors – low spreads and size of credit leverage. At the same time, there are brokers that prefer attracting clients to the company by means of additional PR, as well as popularity in the Internet; however, for this they simply need to be a household word.
Publication date: 14 December 07:16 PM

Forex. EURUSD

 

The European Central Bank keeps on seeing its balance sheet shrining. This is confirmed by the monthly reports released by the central bank. The ECB governors keep on retreating the necessity and determination of expanding the bank’s balance. However, the ways and means as well as the terms are not specified, Market Leader reports.

Publication date: 14 December 01:13 PM

Forex. USDJPY: Dollar Goes Down Against Yen Amid Labor Power Deficit in Japan

 

At this point, Japan lacks highly-skilled labor power amid such problems as the aging and contraction of the Japanese nation. the local authorities are desperately trying do resolve the problem by attracting more of foreign skilled labor power. Still, this is currently happening amid the fact the Japanese Yen is currently devaluing pretty fast, which certainly distracts foreign workers, Market Leader reports.

Publication date: 14 December 12:48 PM

Forex. GBPUSD: Pound Recovers Against Dollar Amid Slower UK Housing Prices

 

The housing prices in the UK are reported to have dropped in November 2014, according to the RICS research conducted recently. Amid the slowdown, the experts predict that the tax reform is going to end up with higher sales in the UK housing market. The expected increase is somewhere between 2% and 5%.

Publication date: 14 December 12:02 PM

RVD Championship – New Forex Contest by RVD Markets

More often than not, when chasing quick profits, we cannot see that the way to big success is somewhere nearby. When following the crowd, we fall into the same traps and make the same mistakes most people do, thereby falling prey to wishful thinking. At the same time the contrarian minority of smart traders and investors are capable of repeating their success time and time again.

Publication date: 13 December 05:56 PM

Alpari Launches New Bonus Program

 

Most Forex companies operating in the contemporary trading industry offer various bonuses and promos to show their loyalty to clients. As a matter of fact, these projects are of short-term nature and subject to rather tough terms and conditions. More often than not, those bonuses need a lot of time and effort to clear, not to mention other limitations regarding withdrawal etc.

Publication date: 13 December 12:05 PM

LG Will Release Smartphone Powered by Firefox OS by Mozilla

 

LG, the world-famous South Korean manufacturer of computer electronics, is reported to be going to release a smartphone powered by Firefox OS, an open source operating system by Mozilla. According to the Hi-Tech Department of Masterforex-V Academy, the mentioned operating system have been available for several years. Still, it keeps on failing to gain popularity among manufacturers of mobile devices.

Publication date: 11 December 01:59 PM

Forex: RVD Markets Launches Test Live Accounts

It is not a secret that many Forex traders are capable of making stable profits thanks to their high level of expertise and valuable skills. Some rookies want to follow their footsteps. Still,  most of them do a serious mistake when they think they can copy Forex professionals right of the bat or after a relatively short amount of time. Ultimately, 90% of them lose their funds and get disappointed, thereby giving birth to multiple rumors about Forex being the world’s largest scam or casino gambling, which is certainly not the case for those who approach Forex professionally and eventually manage to make a lot of money.

Publication date: 11 December 12:55 PM