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GBPUSD: Economic Will Support British Pound

13 May 06:34 PM

The European Commission experts expect the UK economy to show some growth. Despite higher consumer spending, the UK GDP is expected to grow only 0.5% (not 0.6%). However, the economic forecast for 2013 is improved form 1.55 up to 1.7%.

Despite the overall uncertainty in 2012, the experts assume that the economic growth will be supported by higher salaries and wages and better consumption amid more stable British export markets.

The GDP forecasts provided by the OBR slightly exceed those provided by the European Commission (+0.8% in 2012 and +2% in 2013).

Forex.

According to Masterforex-V Academy, The Euro currency keeps showing weakness against the US Dollar. GBPUSD is forming wave А(С)/С inside the bearish wave А/В of wave level Daily. The closest major levels of support are 1.6054, 1.6012, 1.5995, 1.5978. The current downswing will be completed if the price breaks and consolidates above 1.6181 (as shown below):

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USDJPY Outlook

Stimulating the Japanese economy seems to be finally paying off. The real GDP in Japan grew by 3,5% in Q1 2013, which is the best performance seen over the last 12 months.

Publication date: 20 May 05:32 PM

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Publication date: 20 May 06:15 AM

It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.

Publication date: 17 May 10:35 AM

The current weakening of the Japanese Yen was fairly predictable for investors. However, after USDJPY exceeded the 100 limit, experts got divided over the prospects of the currency pair.

Publication date: 17 May 06:27 AM

Yesterday, on May 15^th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.

Publication date: 16 May 05:06 AM

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Publication date: 15 May 08:51 AM

These days, few people do not know about Forex. Most people know that this is a currency market that gives everyone an opportunity to make money by trading currency pairs. Unfortunately, there are many people that treat Forex as some kind of a scam or bingo play… or they are sure that it is impossible to trade Forex profitably. Indeed, most traders do lose in the long run, but this is how it works. This holds true for any market.

This is a rather controversial issue that needs comprehensive analysis.

Publication date: 14 May 12:08 PM

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Publication date: 14 May 09:49 AM

The Bank of England has left its policies unchanged. The MPC is probably not going to make any major changes until the new BOE Governor takes office.

Publication date: 13 May 07:11 PM

Japan’s external account showed bigger surplus in March. The actual figures reached ¥1251bn. This was a major increase against ¥637bn in February.

Publication date: 13 May 06:57 PM

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

Foreign exchange market

GBPUSD: Economic Will Support British Pound

USDJPY Outlook

EURUSD: Intraday Outlook

Experts: EURUSD Will Drop Down To 1,15

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Larson and Holtz: How to Trade with Zero Spreads?

Masterforex-V: Documentary on Forex – What Don’t We Know?

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