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Sunday, 21 December 05:52 (GMT -05:00)


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Foreign exchange market

USDCAD: Canada Pays For Alberta’s Prosperity


 

 

Thomas Mulcair, Leader of the New Democratic Party of Canada, assumes that entire country has to pay for Alberta’s wellbeing. Alberta is Canada’s oil-producing province. The oil tycoons get richer as the Canadian Dollar appreciates. However, this affects other industries in Canada.
 

 

 

 

 

 

According to him, over the 6 years the Democrats have been in power, over 500K people have lost their jobs. He says this is a major issue that cannot be ignored. It is necessary to make the Canadian economy less dependent on mineral resources and to boost the country’s manufacturing production.
 
Forex.
 
In the meantime, USDCAD is being traded in the 1,0066-0,9922 range formed by an upswing - wave А/В of wave level Daily. According to the experts of Masterforex-V Academy the rally may resume in the form of the “Hound of the Baskervilles” pattern by Elder/MF.  To do that, the price will have to overcome the resistance at 1,0066. A major downtrend will become probable if the price breaks below the MF pivot 0,9922, with a bearish FZR below it (as shown below):

 

 

 

 

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ForexTrend and Forbes Reveal New Leaders of Managing Trader Contest

 

In order to become a financial successful person, it is insufficient to rely only on your salary, even though it is enough to buy food, clothes and pay the loans. Amid crises, uncertainty and instability in financial, political and economic aspects, it is vital to take urgent steps to at least prevent your savings and income from losing its purchasing power and to make even more money.

Publication date: 19 December 05:11 AM

Russian Brokers Suspend Ruble Transactions

 

Apparently, minor currency pairs like EUR/RUB and USD/RUB seem to be not so popular among Forex traders. Adding fuel to the fire, on December 17th, Russian brokers suspended all transactions involving the Russian Ruble. This decision was made under the pressure exerted by international Forex brokers and market makers sine they refused to keep on working with the Russian currency. Still, according to competent sources, this is a temporary ban.

Publication date: 19 December 04:03 AM

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