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Foreign exchange market

Commerzbank: British Pound Weakness Is Of Correctional Nature



The recent downtrend of GBPUSD was caused by higher demand for the US Dollar. According to the analytic team of Barclays Capital, the currency pair will probably test 1.600 amid investors’ loyalty towards the British currency. They say this is a good opportunity to go long GBPUSD. However, a negative scenario will press the British Pound. As long as GBPUSD stays below 1.6200, the bears will keep trying to initiate a downswing.






As for the currency strategists of Commerzbank, they also anticipate a test of 1.600. However, they say that as long as the exchange rate is above 1.6000, the weakness is of correctional nature, which means a rally up to 1.6385 is probable.
According to Masterforex-V Academy, GBPUSD continues the mid-term downtrend.  The currency pair is forming sub-wave 3(С) or А(С)/С inside the bearish wave А/В of wave level Daily.
The closest levels of support are 1.5923, 1.5892,1.5818. The downtrend will be completed once the price breaks and consolidates above 1.6122 (as shown below):





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FBS Succeeds In Manila Money Summit 2014

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Publication date: 01 August 04:53 AM

US Dollar: Strong Employment Report May Trigger Next Big Forex Move

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Publication date: 01 August 04:30 AM

IAFT Beats Record on Number of Services for Clients

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Publication date: 31 July 06:01 PM

Exchange Rate of Dollar at Forex: 5 Conclusions from Report on US GDP During Second Quarter

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Publication date: 31 July 03:16 PM

Forex Trend's PAMM Indices Generate Some 2% ROI On Average Last Week


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Publication date: 31 July 09:35 AM

EURUSD: EUR Keeps On Declining Versus USD


The 2-day-long consolidation of the currency pair within the scope of the 1.3420-1.3443 range ended yesterday, at the American trading session, Market Leader reports. The common currency resumed the downtrend against its American counterpart mid positive economic figures from the USA.
Publication date: 30 July 06:31 AM

USD Dollar: Wall Street Concerned About Fed's QE Tapering


Wall Street economists seem to be concerned about the fact that the Fed is currently tapering QE3, which is nearing its end. They are afraid that once the quantitative easing program is tapered to zero, this even may trigger a market crisis coupled with an economic decline and inflation hike. 
Publication date: 29 July 03:57 PM

Forex: EURUSD Stays Neutral


Since the beginning of the trading week, the EURUSD currency pair has been neutral and trading within the scope of a pretty tight price range -1.3420-1.3443. The price range was formed during yesterday's trading sessions. Today is not exception. The currency pair remains neutral. The price keeps on fluctuating to and fro – from top to bottom and back.
Publication date: 29 July 08:21 AM

Forex Trend: PAMM Index “Balance» - 90% ROI in 2 Years


One of the most promising niches in the international Forex industry is the PAMM niche. Apparently, not all the PAMM indices offered by today's Forex brokers are equally beneficial and stable. There are cases when a trading manager stats losing money as his investors are keep on seeing a drawdown and suffering losses. With that said, more often than not PAMM investors cannot boast sufficient financial security and often have to put up with high risks.
Publication date: 29 July 07:51 AM

EURUSD: Euro Trades Close To 1.3441


The common European currency started this trading week on a bullish note. In particular, at the beginning of today's European trading session, the currency pair traded within the scope of the 1.3420-1.3438 price range. Still, later on, the common currency made a bullish attempt and rallied up to 1,3441 against the US Dollar, Market Leader reports.
Publication date: 28 July 12:37 PM