As more people become concerned about the possibility of Greece leaving the eurozone, the Australian Dollar. According to National Australia Bank, the probability of Greece leaving the eurozone is constantly growing, thus destabilizing financial markets. The uncertainty makes investors risk-averse, which results in extra pressure on the Australian currency.
The Chinese authorities’ desire to stimulate the economic growth by all means, including the easing of reserve requirements for Chinese banks id definitely a positive factor for the Australian Dollar. However, the eurozone factor is dominating the market.
According to Masterforex-V Academy, AUDUSD continues the downtrend in the form of 3sub-wave 3 or А(С)/С inside a major dowsing - wave А/В of wave level Weekly. The closest major level of support is 0.9860. The downtrend will be completed if the price breaks and consolidates above 1.0474 (as shown below):
Masterforex-V Expo Names Best Institutional Brokers in June 2016
Institutional brokers are considered to be the elite of the entire FX industry. They provide decent services of premium quality. On top of that, an institutional broker is all about spotless reputation and reliability. They are unquestionable leaders when it comes to provide brokerage services since they work with companies and big businesses rather than retail traders and investors.
Masterforex-V Expo: Best MT4-Based FX Brokers. June 2016
MetaTrader 4 is the most popular trading software in the FX trading industry. It has been the industry’s standard for many years. Charting, technical analysis, news and so much more… This is a truly powerful software. Almost very single broker out there uses MT4 to let traders access Forex.
Masterforex-V Expo: FortFS and OANDA – World’s Best Forex Brokers For Beginners in June 2016
First off, you can do without an FX broker if you want to trade currencies. The thing is that brokers are required to access the interbank market even tough not all of them provide actual access to it. This is just a matter of choice. Anyway, each and every trader out there has to decide which broker to go with. This is a crucial choice since this is going to be you partner, and the partner had better be reliable.
It’s next to impossible to imagine the contemporary FX market without brokers offering various bonuses and loyalty programs. Sometimes it seems that they are offered each and every Forex broker out there. it is the same stork with almost everyone, from fakes and scams, to young brokers to true heavyweights. It is obvious that bonuses are designed to stimulate activity among potential and new clients.
According to the recent preliminary report released by Destatis, the local consumer prices in Germany continued its growth in June. The experts report that energy carriers are dropping in price much slower.
According to the recent report released by Nationwide Building Society, the U.K. housing prices continued growing in June. At the time, the experts report an accelerated pace of growth. The year-over-year growth reached 5.1%. The pace of growth accelerated from 4.7% in May all the way up to 5.1% in June. The actual figures came in stronger than expected since the experts had anticipated a 4.9% increase.
NZDUSD. N.Z. Dollar Recovers Amid Stronger External Trade Stats
New Zealand’s statistical office has just released another external trade balance report. To be more specific, the country’s external trade balance reached a surplus equal to NZD358 million. It should be noted that the expert community had expected NZD164 million.
FOREX. U.S. Dollar Raises Versus Other Majors Amid Strong U.S. PMI Figures
The U.S. Dollar is getting stronger against other currencies amid a stronger PMI report released not so long ago. The thing is that the recent PMI report released by Markit, came in at 51.4 points, thereby showing some growth relative to the previous reading of 50.7 points in May.
Masterforex-V Expo: Best STP FX Brokers in June 2016
In this article, we are going to take a closer look at the STP technology as well as the best FX brokers using this technology. The essence of the so-called STP technology and STOP-based trading software boils down to backing access to the real market and true market prices while getting client orders executed directly, without any third party involved.