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Thursday, 31 July 09:28 (GMT -05:00)


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Foreign exchange market

RBC: New Zealand Dollar Decline Is Supported By Risk-Averse Investors


 

 

Amid global uncertainty, investors are getting rid or risky assets, thus affecting the NZ Dollar exchange rate. NZDUSD keeps declining down to the 5-month low.

 

 

 

 

 
According to Greg Gibbs, a currency strategist for RBC, The uncertainty makes it difficult for traders to find the bottom, which could be a major level of support. According to him, the nervous market environment affects the currency market.
 
In general, the NZ Dollar reflects the situation seen in the markets of other risky currencies. Some experts say that the New Zealand currency has always been more vulnerable and sensitive about the periods when investors turn risk-averse.
 
According to Masterforex-V Academy, NZDUSD is developing a major downswing. At this point, the currency pair is forming wave 3 or А(С)/С inside wave А/В of wave level Weekly. The closest level of support is 0.7460. The next one is the local low - 0.7369. The downtrend will be completed on braking and consolidating above 0.8233 (as shown below):

 

 

 

 

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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