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Thursday, 31 July 05:24 (GMT -05:00)


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Foreign exchange market

US Dollar: US Leading Economic Index Drops 0.1%


 

 

According to Conference Board, the US leading economic index lost 0.1% in April, thus reaching 95.5 points. Analysts had anticipated a 0.15 increase.

 

 

 

 

 

 
According to the revised April report, the index gained 0.3% against February’s readings.
 
The given index is based on a number of economic indexes, including unemployment claims, manufacturing orders, building permits, stock prices etc.
 
According to the latest report published by the Federal Reserve, the situation with US manufacturing orders improved in April.  The given indicator gained 1.1%, thus showing the highest increase since December 2010. As for the US unemployment claims report, the latest US unemployment claims report showed 375K.
 
Forex
 
According to Masterforex-V Academy,   the USD index keeps rallying in the form of wave C of Weekly started at 79.62The closest levels of resistance are 82,14; 82,37 and 82,46. A change of trend will be probable if the price breaks and consolidates below 80,10.

 

 

 

 

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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

Investment in Art with Panteon-Finance: Aesthetics and High Profit

Investment is the best way of providing one’s financial independence. Аnd investment in art is a guaranteed opportunity to accumulate one's capital in mid-term perspective from 100 to 1000 and more percent.

 

Publication date: 28 July 09:19 AM

USDJPY: Dollar Strengthens Against Yen

 

Today, on June 28th, the US Dollar is gaining value against the Japanese Yen. In particular, the American currency gained 0,04% amid a relatively calm day in terms of new releases.
Publication date: 28 July 08:51 AM

EURUSD: Euro Gains Value, Price Hits 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 08:31 AM

GBPUSD: British Pound Still Lose Value After UK Economic Figures

The British Pound lost a bit of its value against the US Dollar by 0,65% during last trading week even though the recent UK GDP report came out positive. In particular, the GDP report came out positive, thereby matching analysts expectations at 3,1% in Q2 2014 (y/y).

Publication date: 27 July 09:23 AM

USDJPY at Forex Rises after Statements of the Bank of Japan

 

Japan keeps showing certain success in economic recovery and suppression of deflation. Nevertheless, there remains some uncertainty, connected with external and internal factors, which leaves the question of further monetary policy, implemented by the Bank of Japan, open.
 
Publication date: 25 July 06:19 PM