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Wednesday, 27 May 09:34 (GMT -05:00)


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Foreign exchange market

CBA Downgrades AUDUSD Forecast


 

 

Commonwealth Bank of Australia (CBA) has recently downgraded its forecast for the Australian dollar exchange rate. The analysts of Australia’s biggest commercial bank expect the public spending to be cut down to 364.2 million dollars. This will be the first spending cut in more than 40 years.
 

 

 

 

 

 

The implementation of the new program aimed at reaching a 1.54b surplus will affect Australia’s economic growth. Consequently, the RBA will have to cut interest rates in order to stimulate the economy. This will weaken the Australian currency.
 
The CBA analysts expect AUDUSD to decline down to 0.9800 by mid 2012 and to recover up to 1.0500 by late 2012.
 
According to Masterforex-V Academy, the Australian Dollar keeps losing value against its US counterpart. AUDUSD is currently forming wave А(С) or shortened С inside the bearish wave А(С)/С of wave level Daily. The closest major levels of support are 0.9983, 0.9947, 0.9912. The current downswing will be completed once the price breaks and consolidates above 1.0142 (as shown below):

 

 

 

 

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Forex: Orbex Offers Free VPS!

 

Orbit, a major player in the international Forex industry, proves that it is a client-oriented company once again This time the Forex company gives all of its client an unprecedented chances to enjoy increased performance (especially for the fans of automated Forex trading using trading robots) by making use of the company’s free VPS.

Publication date: 26 May 03:49 AM

Is China Getting Ready to Ruin the Dollar?

According to Want China Times, China is planning to make the U.S. Dollar crash in the near future. Most probably, Russia is going to assist China in manifesting this plan. The key fact supporting the supposition is the 30 000 tons of gold accumulated by China. At the same time, Russia is said to be heavily being gold as well. This is definitely not a coincidence. Maybe the collision is indeed underway or maybe Russia and China just want to secure themselves against another major crisis which is just a matter of time.

Publication date: 26 May 03:20 AM

Forex. EURUSD: Dollar Raises Against Euro Amid German Economic Slowdown

 

According to the recent report released by the IFO (Germany), the German IFO index of business confidence declined from the previous value of 108.6 points (seen in April) down to latest reading of 108.5 points, Market Leader reports.

Publication date: 25 May 06:33 PM

GBPUSD: U.S. Dollar Keeps on Gaining Value against British Pound after BOE’s MPC Meeting Minutes

 

The Bank of England has recently published its MPC meeting minutes. Despite the unanimous decisions made by the committee. some of the MPC members are already eager to consider tougher monetary policies for the Britsh central banks.

 

Publication date: 24 May 03:15 PM

NordFX Names Best Forex Signals in April 2015

 

The Forex market is definitely one of the best and most efficient ways of making money both for rookies and experts in financial markets. For instance, such outstanding opportunities to get a decent passive income are offered by a Forex company named NordFX, which belongs to the most reputable Forex companies in the global Forex brokerage industry.

Publication date: 24 May 02:29 PM

Forex – in What Way and How Much Investors Can Earn

 

These days work at the international currency market Forex is available practically to anyone, even without deep knowledge of finance or high starting capital.
 
This is mainly favoured by two factors: this trading ground is the largest around the globe by daily money turnover and, as a consequence, the most dynamical one. And the last factor “gives rise to” innovative technologies, which increases comfort, reliability, and safety of trade together with increase of gained profit.
 
Publication date: 21 May 02:08 PM

Forex-Market Lets You Get Real Cash From Demo Accounts

 

Have you ever wanted to give binary options a try without investing a penny? Well, Forex-Market is giving you such an opportunity. In particular, the company invites you to anticipate in an unprecedented trading contest where you can win real cash when demo-trading. It is called "A real profit from the virtual account». The winner of the contest gets $1000! Sounds great, doesn’t it?

Publication date: 20 May 02:29 PM

Masterforex-V EXPO Names Best Brokers for Auto-Copying in May 2015

 

As the financial crisis around the globe is building up again, more and more people have to lower their standards of living. People are desperately seeking extra sources of income. Most of them give up since they lack knowledge and expertise in looking for decent investments. Still, there are people who eventually find what they look for. I mean they eventually come to online investments. Investing in those who trade Forex professionally has become one of the best ways to generate truly stellar profits within a relatively short period of time.

Publication date: 20 May 01:23 PM

ActivTrades Gains Respect At MOSCOW FOREX EXPO

When it comes to telling reputable Forex brokers from fakes, experts recommend paying attention to the following factors:
- licenses by major financial regulators
- the company’s expertise
- prestigious awards
- client feedback
- participating in various prestigious Forex expo like MOSCOW FOREX EXPO, for example.

Publication date: 18 May 09:27 AM

Richard Perry from Hantec Markets: MOSCOW FOREX EXPO Was an Exciting Event!

 

Not so long ago, Russia hosted another major Forex event known as MOSCOW FOREX EXPO 2015. A lot of experts from around the globe left positive feedback regarding every single aspect of this exciting show. Indeed, this was an exciting event, Richard perry says. By the way, Richard Perry, is the leading expert in financial market for Hantec Markets. He was an active participant of this event.

Publication date: 14 May 05:21 PM