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Foreign exchange market

Forex. AUDUSD: U.S. Dollar Feels Pressure From Aussie Amid Australian Labor Market Report


According to the latest official report on the Australian labor market, the rate of unemployment in Australia decreased last month. At the same time, the report says that the Australian labor market showed some other improvements over the reporting period, Market Leader reports.




In particular, the official rate of unemployment in Australia declined from 6,3% in July down to 6.2% in August. The actual figures completely matched the predictions.
As the rate of unemployment goes down, the amount of employed Australians keeps growing. As of August, the amount of the employed in Australia grew by 17 400 people, which is way above the forecast expecting an 8000 increase.  
At the same time, the amount of part-time jobs increased by 5 900 vacancies in August. The amount of full-time jobs increased by 11 500 vacancies over the same reporting period, which happens to be slightly below those 13 100 seen in July.
Apparently, lower unemployment and higher employment coupled with a bigger amount of jobs hint us at some positive changes in the overall dynamics seen in the Australian labor market over the last few years. All in all, these changes favor consumption spending and economic growth while exerting positive effect on the national currency – the Australian Dollar, Masterforex-V Academy reports.
By the way, Masterforex-V Academy experts say that while the mentioned changes favor the national currency of Australia, AUDUSD is forming wave A/B of level H8 or higher. This wave is a part of a big-scale rally of the Aussie against its American counterpart.
Specifically, the currency pair is currently developing wave b(C ) within the scope of the rally. A break above the 0.7098 high is going to give way to further high, thereby extending the rally. If this is the case, the price is probably going to encounter resistance around such levels as 0.7130/34, 0.7157/67 and well as MF pivot 0.7248 and the top of the descending MF sloping channel. Alternatively, the current bullish momentum is going to be suspended as long as the price breaks below MF pivot 0.6944 and the bottom of the ascending MF sloping channel.





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Forex. EURUSD: Euro Recovers Despite Poor Figures by Sentix


Eurozone investors are showing negative sentiment in August. This is confirmed by the recent report published by Sentix. The experts assume that the Eurozone economy is actually capable of surviving global economic recession as well as the uncertainty triggered by Greece’s debt problems.
Publication date: 11 August 12:24 AM

50 Traders of Masterforex-V Earn Over 19 ths. Points in July

Summer is in the height. Trade freezes not only at the world's trading platforms, but also for our traders. Activity of trade considerably declines in these hot days - people prefer beach and water to boring chart and numbers.

Publication date: 10 August 09:23 PM

Forex. AUDUSD: Aussie Recovers After Plunge

The Australian labor market remains a weak link in chain of the Australian economy, Market Leader reports. This s confirmed by the latest economic reports coming from Australia. For instance, the rate of unemployment in Australia increased in July.

Publication date: 10 August 01:50 PM

Hantec Markets on How to Deal with Emotions in Forex Trading


Excessive emotionality is not the best trait of a trader’s character. Emotions are some of the worst enemies to Forex traders. They often interfere with perfect timing by making traders close profitable trades prematurely and forcing them to wait till small losers become big ones. All in all, they increase the likelihood of making costly mistakes in daily trading.
Publication date: 09 August 01:02 PM

Alpari and TeleTrade Named CIS Most Popular Forex Brokers of July 2015


Sooner or later there comes a moment when every trader has to choose a broker at international forex currency market, which he can give his personal savings not only for their safety, but also for their further accumulation. Nevertheless, this choice is much more difficult than, for example, choosing a bank to open a deposit in. The point is that Forex broker has not only to maintain, but also to considerably increase a trader’s means.
Publication date: 08 August 09:44 PM

FxPro on True Forex Transparency

These days every single FX broker seems to be talking about transparency. What exactly do they mean applying transparency to Forex trading? Some of you might think that FX transparency is all about giving away all the secrets and all the trump cards up the broker’s sleeves. In reality, more often than not, FX brokers use this notion just to seem reputable and reliable, which is not the case most of the time.

That is why FxPro, a FX heavyweight and some of the most reputable FX brokers out there, decided to share with us what real FX transparency is…

Publication date: 06 August 02:53 AM

Masterforex-V EXPO Names Best Institutional FX Broker in July 2015


Institutional FX brokers are FX companies that can be viewed as some of the industry’s leaders. These companies can boast licenses and regulated by major financial watchdogs. At the same time, it should be taken into account that such big-scale guys make up for the lion’s share of all the FX trading volume.

Institutional FX brokers are the elite of the contemporary FX market. That is why Masterforex-V Academy experts decided to resolve a very difficult task – to define the best brokers in the institutional FX niche. That is why it created a standalone rating of institutional FX brokers within the scope of Masterforex-V Expo.

Publication date: 05 August 06:32 AM

Stock Exchange Starts Working in Greece


Greek stock exchange has finally officially regained its activity. As informed by most authoritative international media, this event happened on Monday, August 3. It is worth mentioning that the market had not worked during five previous weeks. When this piece of nerws went public, many direct players of Greek market expected the cost of stocks to drop.
Publication date: 05 August 04:47 AM

Masterforex-V EXPO Names Best FX Banks in July 2015


As you probably know, the contemporary foreign exchange market (Forex or FX for short) has turned into a major source of consistent income for hundreds and even thousands of professional FX traders all around the globe. Undoubtedly, this would be impossible but for reliable FX companies giving their clients a decent opportunity to succeed financially. Such FX brokers have always been client-oriented companies viewing their clients’ needs and ambitious as core values lying at the heart of the success reached by their businesses. Some of them do their best and really strive hard to improve their trading conditions as much as possible for even more profitable and comfortable FX trading.
Publication date: 05 August 03:50 AM

KROUFR AWARDS – Choose Best FX Brokers 2015


The contemporary Russian Forex industry has grown into a true giant. Therefore, there is nothing to be surprised about the fact that more Western and Asian FX brokers come to Russian and the CIS to expand their businesses. It is not accidental that there are many FX awards in the indsustry. However, not all of them are truly unbiased and objective. Sometimes, FX companies win awards based on some unclear criteria lacking transparency instead of being awarded for some major achievements. Where to find unbiased ratings and awards?
Publication date: 05 August 02:35 AM