«Market Leader» - news and previews making you rich.

Tuesday, 23 September 14:22 (GMT -05:00)


Market Leader Free Newsletter
Your Name:
Your Email:

Foreign exchange market

EURUSD: Eurozone Debt To Touch 91.8% GDP In Late 2012


 

 

The European Commission experts expect the eurozone’s cumulative public debt will hit 91.8% of the eurozone GDP. In 2013, the debt is expected to reach 92.6%.
 

 

 

 

 

 

As for the EU’s cumulative debt, the experts anticipate an increase up to 86% of GDP in 2012 and up to 87% in a year later. The debt will grow mainly at the expense of Spain , Greece, France, Portugal and Ireland.
 
The euro Commission points out that Germany will manage to reduce its public debt in 2013 down to 80.7% of its national GDP as compared to the current figures – 82.2%. Italy is also expected to have its debt reduced from 123,5% down to 121,8% of GDP.
 
As for Greece, it is expected to continue accumulating big debts. In 2013, its debt is expected to near 170% of GDP.
 
Forex.
 
According to Masterforex-V Academy, EURUSD keeps forming wave c(C )/5 H6 started at 1,3065. The next major levels of support are located at 1,2899, 1,2870 and 1,2848. A change of trend will be probable if the price breaks above 1,3043 and forms a bullish FZR above the level (as shown below):

 

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

EURUSD Outlook

 

EURUSD spent yesterday under bearish pressure. Within the scope of yesterday’s European trading session, the currency pair formed a price range - 1.2825-1.2867. The downward pressure intensified after Italy published a weak report on manufacturing orders.

 

 

So, the currency spent the most of the trading day within the scope of the mentioned price range. During the American trading session, the pressure intensified amid Mario Draghi’s speech.
Publication date: 23 September 08:06 AM

FBS Recognized Best Asian Broker 2014 4 Times In A Row

 

What makes the industry’s best representatives stand out from the crowd of other average counterparts? Yes, you are right! It is all about progress, professionalism, stability, efficiency and flexibility.

These are to cornerstones of success in almost any business, including Forex brokerage. Today we want to share with you the outstanding achievement made by some o the best Forex broking companies out there. Its name is FBS. The thing is that FBS won another prestigious Forex award last month, which came as true recognition the company’s policies and approach to the client. Let’s have a closer look at it…

Publication date: 19 September 03:39 PM

GBPUSD: British Pound Gains Value versus US Dollar as Scotland Remains a Part of Great Britain

 

Today, on September 19th, the British Pound is gaining value against its American counterpart. The tendency started this morning after Scotland revealed the results of the latest independence referendum. As a result, Scotland decided to stay a part of the United Kingdom.  Apparently, this triggered a bullish wave.
Publication date: 19 September 06:22 AM

US Dollar Gains Value And Sets New Local High At 84,81 After Fed Meeting Results

 

Today, on September 18th, the US Dollar index, which indicates the strength of the American currency against a basket of 6 other currencies, continues its way up to new local highs. The thing is that this morning, the index managed to gain 0,38% to set the new high of the year at 84,81. The rally resumed as a response to the results of the latest Fed meeting. In particular, the Fed left all of its policies unchanged. However, the central bankers warned the world about the likelihood of monetary toughening in longer-term perspective.
Publication date: 18 September 06:10 AM

Masterforex-V Academy: Who Cannot Enter Masterforex-V Expo’s Ultimate League of Forex Brokers and Why?

 

Sooner or later, any Forex trader has to face the challenge of choosing a reliable broker, which will help him/her to succeed in Forex trading in the long run. The thing is that depositing is easy with any broker, both a scam and a truly reputable one. However, when it comes to withdrawing funds, only reputable brokers can withdraw money without delays and questions and lame excuses, which is certainly not the case with minor brokers and scam brokers.  
 
Publication date: 17 September 03:33 PM

EURUSD Still Trades Around 1.2960

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 01:11 PM

EURUSD Trades Close To 1.2960

 

The currency pair has been bullish since the beginning of today’s European trading session on September 17th.  
 

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 07:11 AM

EURUSD: Euro Keeps Regaining Value Against Dollar

Yesterday, the currency pair set another local high at 1.2994. This occurred during the American trading session. EUR/USD rallied up to the local high after breaking above the top of the 1.2858-1.2962 price range, which was a pretty wide one. The price used to consolidate within the price range for almost a week. So, yesterday’s trading session were mostly won by the bulls. Strange as it may seem, but the currency pair gained value amid weak stats from the Eurozone.
 
Publication date: 17 September 06:55 AM

Forex. USDCHF: Dollar Rallies Against Franc

 

Switzerland’s producer prices and import prices continued their way down in August 2014, as reported by the Swiss Federal Statistical Office. At the same time, the Swiss National Bank expects the period of low inflation to continue longer than expected.
Year over year, the PPI and import price decline reached 1,2% in August after July’s decline of 0,8%. As we can see the downward tendency accelerated over the reporting period.
 
Publication date: 16 September 04:15 PM

EURUSD Goes Up to 1.2966

 

The key currency pair, which is EURUSD, is still trading within the scope of the 1.2858-1.2962 price range. The current trading range has been underway since the middle of last week.
 
Publication date: 16 September 09:30 AM