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Wednesday, 24 May 05:34 (GMT -05:00)



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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Euro. New Optimism

The 2017 GDP forecast for the European Union is reported to have been increased by the Euro Commission from 1,6% up to 1,7%. This means that the economic growth in 28 EU countries, according to the general estimate, is likely to reach 1,9%. The Euro Commission has reported about economic growth for the 5th year in a row. They expect the tendency to remain this and next year as well. The unemployment rate is expected to shrink all the way down to 9,4% this year.

 

 
Publication date: 17 May 07:04 AM

Masterforex-V Academy Names Forex Brokers with Hidden Commissions (Big Swaps) of 40 Pips a Week

Most Forex traders out there always try to find a way to make big money without any risk. On the surface, some of such ways do really look unbeatable. However, those solutions eventually fail if applied under the trading conditions that leave much to be desired as they are offered by some brokers disinterested in their clients’ success. At the end of the day, such solutions end up causing big losses instead of generating stellar profits. This is something Masterforex-V Academy experts figured out after conducting in-depth analysis of the FX brokerage industry.

Publication date: 16 May 07:20 PM

Pro-rebate.com: $400 of Profit Made by Auto-Copying Masterforex-V’s Best Traders In April 2017

 The strategy that Masterforex-V Academy has been sticking for years now keeps on brining fruit to traders and investors. The main distinctive feature that makes these investments stand out from the crowd is the fact that they are 100% reliable and there is zero chance of losing money. Those investments are based on sound money management without Martingale and other tricks. All of those investment accounts are monitored at myfxbook.com. VIP traders has been showing consistent profits ever since they were launched more than 2 years ago.

Publication date: 13 May 12:40 AM

Online Forums for FX Traders – Recourses to Leverage Your Trading or Another Way to Trick You into Losing Money?

As you probably know, there is no such thing as a free lunch. Most of us like this saying. But how do we apply it in real life? A good example is when we are offered to participate in a promo and get a chance to benefit from it in a certain way. Frankly speaking, each and every FX broker out there offers a certain kind of bonuses or promos to retail clients. Most of the time, you are offered a welcome bonus, deposit bonus, or even no-deposit deposit bonus. Should all of that be treated seriously?

 

 
Publication date: 12 May 04:21 AM

Masterforex-V EXPO Names Best Forex Brokers for Beginners in May 2017

No matter whether you are a beginning or an advanced trader, at some point during your trading career you have to choose an FX broker. And when choosing it, you obviously want to choose a reputable broker.

 

 

 

Publication date: 10 May 08:59 PM

Masterforex-V Expo Names Best MT4 Brokers in May 2017

Metatrader 4 (or MT4 for short) is still the world’s most popular Forex trading software. It was created to make the trader’s life easier and improve their trading performance. Today, there is even a web-based version of the trading software allowing you to access the market via any browser you like.
 
Publication date: 10 May 08:39 PM

Bitcoin Exchange Rate Goes Above $1700

Bitcoin is reported to have set a new record by seeing its exchange rate go above $1700. This is a 45% gain over the last 4 weeks. Given the increasing interest in the crypto-currency shown all around the world, international experts predict that by the end of 2017, BTC may reach even $4000.
 
Publication date: 10 May 07:47 PM

Trump Doesn’t need a Strong Dollar

A couple of weeks ago, Donald Trump made a statement related to the USA’s money-and-credit policy. This leads us to believe that in the near future Washington may well abandon the policy leading to a stronger dollar.

 

 
Publication date: 10 May 05:16 AM

FortFS, Masterforex-V Academy and PRO-Rebate Open «Double Bonus» Season

One of the leading international Forex companies named Fort Financial Services, which was recognized the world’s best FX broker for beginners in 2016, keeps on making clients happy with the help of various pleasant surprises.

Publication date: 04 May 10:37 AM

Forex Means Market Without Crisis

Most of us have already felt what an economic crisis is. Most likely, we keep on looking for extra income and financial stability. Is it possible? Yes, indeed, if discover Forex. What is conventional Forex?

 

 
Back in 1989, the daily FX turnover used to be as little as 600 million dollars a day.  In 1998, another global crisis broke in. Back then, the turnover easily exceeded 1 trillion dollars a day. By 2010, the turnover had already reached 3,5 trillion dollars. This time, it was the 2008 crisis that contributed to this growth. These days, the daily FX turnover is well above 5 trillion dollars a day. For the sake of comparison, the monthly NYSE turnover is well below the daily FX turnover. It sounds a little bit shocking, doesn’t it?
Publication date: 01 May 09:36 AM