Heroes of Ukraine

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

Tuesday, 28 June 21:52 (GMT -05:00)



Foreign exchange market

Forex: GBPUSD


 

The UK’s manufacturing sector seems to have seen an activity slowdown in August. This is confirmed by the latest joint report published by Markit and CIPS. The analysts say that the service sector and domestic consumption are still playing the key role in the British economy.

 

 

 

At the same time, the British PMI dropped down to 51,5 points in August as opposed to 51,9 point seen 4 weeks earlier. Apparently, the latest figures disappointed the expert community since the analysts had expected an increase up to 52.0 points over the reporting period.

Despite the fact that the index is still in the expansion zone above 50, the dynamics can show us that the British economy is heavily dependent on domestic consumption and service sector growth. At the same time, the latest PMI figures give us to understand that the UK’s manufacturing sector is unlikely to let the British GDP capitalize on that in Q3 2015.
 
At the same time, the strengthening of the British Pound coupled with the never-ending collapse of oil prices resulted in the biggest salary cut in Great Britain seen over the last 16 years. Despite an increase in average prices, the rate of inflation is still below the 11-month high seen in July.
 
FOREX
 
Masterforex-V academy reports that the British Pound keeps on going down against the U.S. Dollar within the scope of a mid-term downtrend.  In particular, GBPUSD is currently forming a bearish wave – wave A/B of a big-scale level (most likely, Weekly). On September 2nd, the currency pair stayed within the scope of sub-wave a(C )/C of a the downtrend.

At this point, the closest levels of support can be found at 1.5190 as well as 1.5248, 1.5188, 1.5101/086. A break above 1.5818 (the current MF pivot) as well as the top of the descending MF sloping channel will indicate the end of the current bearish wave.
 

 

7917458b5a3b.jpg

 

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

 

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

SFX Debit Card: Cutting Expenses To Zero

What is really important for each and every FX broker out there? Apparently, this has to do with choosing a decent FX broker. A dream broker is an honest, reliable, secure provider of premium-quality services in financial markets.  This is a client-oriented business creating win-win solutions.  
 
Publication date: 26 June 01:55 PM

Forex: USD/CAD Remains Within Correction due to Growth of Retail Sales in Canada

Retail sales in Canada showed growth in April. The general growth has mostly been caused by increase of sales at filling stations.
 
Retail turnover has increased to 44.3 bln. dollars, which is an 0.9% rise after a drop by 0.8% in March. In general turnover has grown due to price rise, as in natural terms the volume of sales has not changed.
Publication date: 26 June 01:28 AM

Forex: Japanese Manufacturing Sector Keeps USD/JPY Within Bearish Trend

Manufacturing sector of Japan has shown minor rise of business activity in June. Analysts name several factors that have extremely negative influence on Japanese manufacturing sector.
 
Business activity index for manufacturing sector has risen to 47.8 points in comparison to 47.7 points in May. Actual value of the index has proved worse than predicted, for it had been expected to rise to 48.2 points.
Publication date: 25 June 05:48 PM

Forex: AUD/USD Keeps Rising After Publication of RBA Protocols

RBA has kept its interest rate, counting on weak growth of inflation.
 
As shown by protocols of June meeting of RBA, returning inflation to the target level has become one of the reasons to keep interest rate at the same level. Nevertheless, results of the first quarter have shown negative dynamics at housing market.
Publication date: 25 June 04:51 PM

Masterforex-V Expo: Best Micro FX Brokers. June 2016

When it comes to trading Forex via a micro broker, traders don’t have to invest thousands of dollars as the starting capital. This is one of the biggest competitive edges those FX brokers have when it comes to FX rookies getting their feet wet in FX trading. Indeed, few rookies can really afford to start trading big right off the bat. However, it is not recommended to start big if you are just getting your feet wet in trading financial markets. This is where cent brokers (or micro brokers) come in handy. They allow rookies to trade currencies and improve their skills while more advanced traders can test their strategies without having to risk big money.

Publication date: 24 June 05:00 AM

Nordhill Capital: HYPER FX – Major Source of Passive FX Income

These days, Forex trading has become one of the best sources of income of all kinds. For some people who trade Forex professionally on a daily basis, this is a major source of income. For others, this is a source of extra income to some extent.

Publication date: 23 June 04:43 PM

FXTM Opens New Educational Center In Pakistan

A famous international FX broker named ForexTime (FXTM) has become one of the biggest newsmakers of the month. First off, the broker started a brand-new multi-level loyalty program and opened a new office in London. At he same time, the company added Persian and some other languages to the list of supported languages and introduced a new payment system to Russian clients.  On top of that, FXTM gave away $100 000 as the prize pool to the winners of the Forex Legends contest and launched FX Invest, an unprecedented project embracing some of the world’s best financial analysts. All of that was done in a matter of 4 weeks! Apparently, that kind of intensity in introducing innovative solutions has been a pleasant surprise for hundreds of thousands of clients from over 180 countries of the world. Most of those clients leaving their feedback underline the fact that those changes have have a positive impact on their trading and investment performance.

Publication date: 23 June 07:38 AM

Masterforex-V Expo Names Most Reputable Forex Brokers In June 2016.

These days, finding a reputable and reliable broker can turn out to be a real challenge. There is no denying the fact that a reliable trading partner is definitely as significant as a profitable trading strategy along with trading skills and valuable knowledge. Indeed, does it really matter how good you are at Forex trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious. Picking a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…

 

 
Publication date: 22 June 12:06 PM

SFX Markets: 6 Fund Protection Factors

For each and every trader out there, financial security is one of the key factors o focus on. The thing is that if you treat you FX trading or investment business seriously, you just cannot stop thinking about how secure your funds and transactions are. Unfortunately, few brokers in the entire industry are actually capable of providing the trader with 100% safety of funds and security.

 

 
Publication date: 21 June 09:48 AM

Masterforex-V Expo: Best Forex Affiliate Offer. June 2016

These days, affiliate programs offered by various FX broker out there is helping the businesses to expand by means of attracting new clients. Introducing brokers which are a part of such affiliate partnership model are capable of interacting with the client directly and get a generous share of the income gained by the primary broker.
 
Publication date: 20 June 09:01 AM