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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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USDJPY: Dollar Keeps On Retracing Versus Yen Amid Lower Nikkei Index

 

The 10-year US bonds, USDJPY and S&P 500 managed to gain value at the end of last trading week, thereby forming reversal patterns. Even though, those patterns are indicating the likelihood of a reversal, confirmation is needed. This will happen only if all the 3 instruments close the current trading week in the green zone. If this is the case, we may well see a further rally in the market of USDJPY.

Publication date: 21 October 09:56 AM

Euro Gains Value Against US Dollar

 

Yesterday’s trading session was won by the buyers. At the end of the American trading session, the common European currency gained some value against the SU Dollar, thereby reaching 1.2839. Since then, the price level has been the weekly high.

Publication date: 21 October 09:28 AM

Forex Investors Get Over 918% Monthly Profit in September on RVD Markets Portfolios of Invest-Accounts

 

Today the international exchange market Forex, being the largest by money turnover and most progressive by innovations, provides numerous variants of getting high profits. However, most of them require certain knowledge and practical skills as well as psychological stability and ability to work without giving way to emotions.
Publication date: 20 October 07:12 PM

Masterforex-V Academy Member Makes 145% In 4 Weeks

 

Both in life and in financial markets, the strongest survive. This statement is hard to disprove since benefiting from trading financial markets like Forex is a business that requires diligence, patience, experience, skills and a profitable strategy. The strongest in financial markets are those guys who are quick to adapt to the rapidly changing environment of contemporary financial markets and those who do not panic when the market goes against their predictions and common sense (which is sometimes the case). 

Publication date: 20 October 02:04 PM

EURUSD Outlook

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 10:35 AM

Euro Starts Trading Week With Slight Weakness

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 08:02 AM

Fort Financial Services Resumes Five-Year Activity at Forex

 

Few Forex brokers can boast of wide popularity among traders and not smaller client base, which constantly increases. Fort Financial Services is one of such world-famous companies. According to its clients, the broker provides one of best technologies and products at the market, which provide stable, safe, and profitable trading.
 
Publication date: 19 October 05:51 PM

Fort Financial Services Called Best Forex Broker in August 2014

 

Statistically, only 10% of forex traders get stable get large profit, whereas the bulk of participants of international currency market make not as much and not as regularly, as they would like to. And there is the third category of traders – those, who rarely get income, which is hardly enough to cover the former losses.
 
Publication date: 18 October 01:44 AM

EURUSD Consolidates

 

Today, on October 17th, during the European trading session, the common currency managed to regain some of its value against the world’s most popular currency, which is the American Dollar.  Still, the recovery was rather weak.  EURUSD rallied from 1.2780 up to 1.2839, thereby making a narrow trading range between the levels. With that said, the currency pair has been trading within the range since the beginning of the American trading session.

Publication date: 17 October 11:39 AM

US Dollar May Stop Strengthening When Fed Finishes Tapering QE3

 

Yesterday, on October 16th, the President of the Federal Reserve Bank of Saint Louis told Bloomberg TV that the Fed should delay the total tapering of QE3 planned for this month. His concerns are caused by lower inflation expectations coming from investors coupled with much more volatile markets. US stock indices were busy retracing before the statement, thereby reducing to nothing almost the entire gains to all-time highs made this year. After the statement, the VIX went down from the extreme value of 31,06 down to 25,20 while the USA’s major stock indices closed the trading session with a rally.

Publication date: 17 October 06:20 AM