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Thursday, 17 April 08:53 (GMT -05:00)


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Foreign exchange market

EURUSD: All Eyes On Greece


 

 

Greece has 3 days to form a coalition government. Otherwise, the country will face another round of elections. Today Evangelos Venizelos, PASOK leader, will meet with Antonis Samaras, leader of “New Democracy”, the party that was the frontrunner during the first round of elections.

 

 

 

 

 

 
Yesterday Venizelos had talks with Fotis Kuvelis and was content with the results as both the leaders share the same point of view on multiple issues, including eurozone membership, coalition government, ways of overcoming the crisis etc.
 
Other EU politicians keep monitoring the political situation in Greece.
 
Forex.
 
According to the SRP Department of Masterforex-V Academy, EURUSD keeps working out the bearish RP (reversal point) of wave level H4. It will be finished as soon as the main line of the AO_Zotik indicator will cross its support/resistance line.  The currency is forming a retracement wave on timeframe H1. If there are no signals canceling the scenario, the price is expected to complete sub-wave B and to start an upswing – sub-wave C.

 

 

 

 

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USDCNY Outlook

 

In order to stop the economic slowdown, the Chinese financial authorities are ready to reconsider their monetary and budget policies.   At the same time, the Chinese government is determined to back those reforms and to make then national currency more flexible in order to take it one step closer to a free floating currency, Market Leader reports.
Publication date: 15 April 06:03 PM

Dollar rate is decreasing against the pound for a week for 0, 97%, as noted Optionova

The dollar succumbed to a week by 0.97 % against the pound, finishing the exchanging session on Friday close to 1.6729. The dollar essentially debilitated against most monetary forms on Forex on the base of the negative state of mind towards them by business sector members because of arrival of a generally powerless financial investigates Friday, on the fourth of April. In the meantime, the development of the pound to the dollar is upheld by solid financial information discharged in the UK. Exchanging week finished on the 7-11 of April, and Forex brokers abridged their exercises.  

Publication date: 15 April 02:14 PM

Dollar Tests Major Level

 

As of April 15th, the US Dollar keeps gaining value against other major currencies. During today’s European trading session, the index reached 79,90, which is a key level of resistance.
Publication date: 15 April 11:58 AM

USDJPY Outlook

 

Today, April 15th, the US Dollar is up by 0,06% against the Japanese Yen. During the American trading session, USDJPY is trading around 101,900.
 
SEB, one of the biggest banks is Sweden , is currently seeing the Japanese currency as the only safe-haven asset in the international currency market amid global geopolitical instability and some financial risks.
Publication date: 15 April 11:25 AM

FOREX: US Dollar Gains Value

 

The USD index was trading around 79,50 right after the start of this trading week. The European trading session turned out to be bullish fro the index, which indicated the overall strength of the American currency against other majors.
Publication date: 14 April 10:31 AM

Forex: EURUSD Goes 0,27% Down After Draghi’s Speech

 

Today, on April 14th, the common European currency is down against the US Dollar. The European currency lost 0,27% of its value against its American counterpart. Today's European trading session started with a bearish gap (1,3879 - 1,3858). The currency pair is currently trading around 1,3851.
 
Publication date: 14 April 06:27 AM

Professional Traders Say How to Make Money at Forex

 

Forex is considered to be the main financial market; it was opened in 1971. The main product at Forex is made up by currencies of various countries worldwide. Forex market is characterized by constant fluctuations, conditioned by the vast number of its participants. This results in numerous deals and fluctuation of quotations.
 
For has become very attractive to private persons due to the development of various connection technologies, for this gave people a unique opportunity to make deals with a help of a broker. Owing to it, any participant of Forex market can take a credit (provide a credit leverage), and correlation between credit resources and the sum of the account may reach 1 to 1000.
 
What do investments at Forex mean, and how to make money at Forex currency market? The “Market Leader” has asked these questions to the professional traders of the best Forex studying project in Europe in 2009-2013 Masterforex-V Academy.
Publication date: 13 April 01:06 PM

Forex: Will Yuan Oust Dollar?

 

A couple of decades ago, the Renminbi (the Chinese Yuan) used to be called «toilet paper». These days, this is among the world's TOP 10 currencies. Its share in the global currency reserves has quadrupled from 2% to 8% over the last few years.
 
At this point, the Chinese Yuan has almost ousted the US Dollar from Eastern Asia. The Renminbi definitely rocks there! Still, this is not the end.
 
Publication date: 11 April 03:53 PM

Traders Share GBPUSD Trading Tips

The strengthening of the British Pound  exerted severe pressure on the US Dollar. In its turn, the weakening of the US Dollar pushed gold prices higher. Still, despite the negative correlation between the US currency and gold, the latter keeps lagging behind other precious metals (including silver and platinum) in terms of profitability.
 
Publication date: 11 April 12:40 PM

In Optionova accept that the U.s. dollar decays against the pound because of the development of mechanical processing in Britain

 As stated by the ONS (Office for National Statistics), the UK mechanical processing rose in February by 0.9 % contrasted with January of that year. Figures of development for February were the greatest qualities, since June 2013. As stated by the effects of the yearly report, the increment was 2.7 %.

 

Publication date: 11 April 04:21 AM