«Market Leader» - news and previews making you rich.

Search »

Masterforex-V: Documentary on Forex – What Don’t We Know?

Tips For Forex Traders: +144% In 10 Days

The Washington Post On European Crisis and Euro

Masterforex-V Expo: Best Forex Brokers. April 2013

Masterforex-V Expo: Rating of ECN Brokers

Masterforex-V Books

Market Leader Free Newsletter

Foreign exchange market

USDCNY: Decline Continues

22 June 05:19 AM

During the first quarter of 2012, Hong Kong ’s GDP increased by 3.2% up to $60,5 bn (y/y). If to consider inflation for the same period, the overall picture doesn’t look so bright any more: the increase was equal to 0.4%.

The manufacturing production index shrank by 1.6% over the same period. The producer price index for Hong Kong ’s industrial production increased by 3.6% (y/y). The manufacturers of beverages, cigarettes and foodstuffs were the biggest gainers in the sector. They managed to boost their production by 6.3%.

Forex.

According to the currency strategists of Masterforex-V Academy, USDCNY still hasn’t finished forming the same bullish wave of wave level Daily. At this point, the currency pair cannot decide on the direction of its further trend and is fluctuating within a price range, which is formed by sub-wave 5. The experts assume that in order to resume the uptrend, the currency pair will have to break above the high of the mentioned sub-wave, which is located at 6,3785. If this is the case, the rally will be continued through the “Hound of the Baskervilles” pattern by Elder/MF.

The current wave will be completed on breaking below 6.3453. in this case the currency pair will start forming a retracement of wave level Daily. The bears will get an opportunity to resume the long-term downtrend only when the price breaks and consolidates below 6,2882.

You are free to discuss this article here: forum for traders and investors

Got a question? – Ask it here »

Hot news

GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win

Wal-Mart Sees 1.1% Income Boost

Facebook: Consequences of Last Year’s IPO

Asian-Pacific Stock Indices Close Bullish, With New Records

Experts: EURUSD Will Drop Down To 1,15

It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.

Publication date: 17 May 10:35 AM

The current weakening of the Japanese Yen was fairly predictable for investors. However, after USDJPY exceeded the 100 limit, experts got divided over the prospects of the currency pair.

Publication date: 17 May 06:27 AM

Yesterday, on May 15^th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.

Publication date: 16 May 05:06 AM

Stability is a cornerstone of success. While standards can change, such things as quality, reliability and safety will always be of great value.

There are hundreds of broking companies. However, few of them can actually boast premium-quality services and competitive trading conditions. Larson&Holz is one of such broking companies.

The company keeps evolving and improving the existing products and services while staying client-oriented and focused on innovation.

Not so long, the broking company offered even better trading conditions on NDD-based trading accounts. Let’s have closer look at the offer.

Publication date: 15 May 08:51 AM

These days, few people do not know about Forex. Most people know that this is a currency market that gives everyone an opportunity to make money by trading currency pairs. Unfortunately, there are many people that treat Forex as some kind of a scam or bingo play… or they are sure that it is impossible to trade Forex profitably. Indeed, most traders do lose in the long run, but this is how it works. This holds true for any market.

This is a rather controversial issue that needs comprehensive analysis.

Publication date: 14 May 12:08 PM

What is the key factor of successful trading? There is no universal answer to this question. Everyone can give his own reasoning. However, the most typical answers include:

Publication date: 14 May 09:49 AM

The Bank of England has left its policies unchanged. The MPC is probably not going to make any major changes until the new BOE Governor takes office.

Publication date: 13 May 07:11 PM

Japan’s external account showed bigger surplus in March. The actual figures reached ¥1251bn. This was a major increase against ¥637bn in February.

Publication date: 13 May 06:57 PM

As the Australian rate of unemployment kept growing steadily in April, this may indicate an investment decline in the mining sector. Multiple mining companies curtailed some projects and got focused on exports to Asian countries. This might well result in further interest rate cuts.

Publication date: 13 May 06:45 PM

If you have been a Forex trader for a while, you could have noticed that today’s Forex industry has become extremely competitive. There is excessive demand. That is why brokers are literally forced to improve their products and services along with trading conditions, not to mention innovation. On top of that, traders become more and more sophisticated and demanding.

Publication date: 13 May 03:55 PM

Other media

«Market Leader» - news and previews making you rich.

Foreign exchange market

USDCNY: Decline Continues

Experts: EURUSD Will Drop Down To 1,15

Japanese Yen: Market Outlook

Trichet: Situation In Eurozone Gets Worse

Larson and Holtz: How to Trade with Zero Spreads?

Masterforex-V: Documentary on Forex – What Don’t We Know?

FIBO Group: High Leverage – Good or Evil?

British Pound Keeps Weakening Without New Easing Steps

External Account Surplus Reverses USDJPY

Aussie Declines On Unemployment Stats

RoboForex: Broker's Development – Trader's Success