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

Monday, 20 May 04:37 (GMT -05:00)


Market Leader Free Newsletter
Your Name:
Your Email:

Foreign exchange market

US Market Is Feverish


 

 

US stock indexes were flattish on Wednesday. This testifies to the fact that the market is still uncertain about the direction of the future trend after the new portion of economic reports in the USA.

 

 

 

 

 

 
The CPI didn’t show any changes in July (m/m) while the year-over-year decline was the lowest one since November 2010. The actual data turned out to be better than expected.
 
The US industrial production report showed a 0.6% increase in July. The manufacturing production increase was around 0.5%. it should be noted that the manufacturing production accounts for 75% of the entire production.
 
According to the US department of Energy, the US oil and gasoline reserves are seeing a decline.
 
Forex.
 
According to Masterforex-V Academy, the USD index is fluctuating within the 82.07-82.95 price range formed by wave A/B of Weekly. The closest level of resistance is the local high located at 82,95. A break below it will start a mid-term rally. A break below the closest level of support will resume the downtrend.

 

 

 

 

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

 

Add to blog
Got a question? – Ask it here »
 

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

Japanese Yen: Market Outlook

 

 

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

Trichet: Situation In Eurozone Gets Worse

 

 

Yesterday, on May 15th 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

Larson and Holtz: How to Trade with Zero Spreads?

 

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

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

 

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

FIBO Group: High Leverage – Good or Evil?



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

British Pound Keeps Weakening Without New Easing Steps

 

 

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

External Account Surplus Reverses USDJPY

 

 

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

Aussie Declines On Unemployment Stats

 

 

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

RoboForex: Broker's Development – Trader's Success

 

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