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Friday, 30 September 04:17 (GMT -05:00)



Foreign exchange market

Forex. GBPUSD: Dollar Drops Versus Pound Amid BOE’s Report


 

According to Masterforex-V Academy, the BOE’s latest report has revealed the fact that the key interest rate remains unchanged at 0,5%. According to the latest survey conducted by Bloomberg, the actual figures happen to have matched the analytic forecast. Therefore, the BOE’s interest rates is still at the all-time low.

 

 

 

 
It should be noted that the key interest rate in the UK has been at the lowest level since March 2009. At that same time, the current interest rate is at the lowest level in the entire history of the Bank of England.
 
Another interesting fact to pay attention to is that the central bank decided to level its asset purchase program unchanged as well.  At this point, it is estimated at 375 billion pounds or 577 billion dollars per month. Essentially, this leads us to believe that the asset purchase program has probably been suspended by the Bank of England, since the central bank ran out of the money allocated for the program back in 2013.
 
Still, economic forecasts hint at positive bias. As for the UK GDP forecast, they have remained positive despite the economic challenges seen in China, which triggered market panic and uncertainty worldwide. The BOE expects the UK GPD to grow by 2,8% and 2,6% in 2015 and 2016 respectively.
 
FOREX

As for GBPUSD, the British Pound is still moving within the same long-term downtrend against the U.S. Dollar despite recent recoveries. According to Masterforex-V Academy, a break below 1.5164 will give way to 1.5099/88, 1.5010, 1.4958, 1.4914/878. At the same time, if GBPUSD does start a rally, it may well encounter resistance around 1.5818 and the top of the descending MF sloping channel.
 

 

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Masterforex-V Investors Take Profit In «PrivateFX №1» Portfolio Once Again

It’s been 12 weeks since Masterforex-V Club investors started the «PrivateFX №1» investment portfolio. The other day, the decided to take profit once again. All in all, they withdrew $860 for the first time. This time, they withdrew $650+ a couple of days ag while the remaining capital (over $15K - $15349,76 to be more exact) kept on making money for them.

 

 
Publication date: 28 September 07:01 AM

U.S. Dollar Gets Stronger Against Major Currencies Amid U.S. Labor Market Stats

According to the recent stats published by the U.S. Department of Labor, initial jobless claims showed some decline and dropped by as much as 8000 claims over the reporting period. This brought the figures all the way down to 252000 claims total. Masterforex-V Academy experts remind us that this is the lowest level since July 2016.

 

 
Publication date: 27 September 03:16 PM

Alpari Gold on Peculiarities of Investing in Gold Coins

For those of you who don’t know, gold prices have gone up by 160% in USD over the last decade. Since 2015, the precious metal has appreciated by roughly 27%. At this point, the price of an ounce of gold is well above $1300. At the same time, experts predict the prices to go all the way up to $1500/oz in 2017.

 

 
Publication date: 27 September 07:20 AM

Masterforex-V Investors Take Profit In «PrivateFX №1»  Portfolio

Why do people invest money in businesses? They do it for profit, don’t they? It’s been 11 weeks since Masterforex-V Club investors started the «PrivateFX №1» investment portfolio. The other day, the decided to take profit with 2 out of 3 investments in the portfolio. All in all, they withdrew $860 while the remaining capital (over $15K) keep on making money for them.

 

 
Publication date: 26 September 05:54 PM

HYCM Launches New Online Trading Website For FX Traders

In order to trade Forex successfully these days, you should obviously possess the corresponding knowledge and skills, which need to be put into practice effectively. Still, your knowledge base itself without a decent platform to put them into practice is the same as a car without an engine. You can see it shine in the sun, but without an engine it won’t start and move at all.

Publication date: 26 September 09:28 AM

Eurozone: Growth Versus Employment

The Eurozone economy is reported to be slowing down the pace of its growth. More and more economic indicators are confirming this statement. The Eurozone’s Composite PMI, which reflects the situation in both the manufacturing and service sector of the Eurozone, is reported to have lost roughly 3% in September 2016. To be more specific, the index shrank all the way down to 52,6 points. This is the worst result over the last 18 months.
 
Publication date: 25 September 06:35 PM

Masterforex-V Club Investors' Profit Since Day One Reaches 285%

Masterforex-V Club investors and traders have been successfully cooperating since early 2016.
Since then they have managed to score big and prove that knowledge plus skills and expertise equals stunning results over time.
 
Publication date: 24 September 03:39 PM

Forex. USDJPY: Dollar Drops Versus Yen

According to the latest official report published by Japan's official statistical office, the Japanese GDP gained 0.7% in quarter 2 2016. We remind you that the GDP growth has been accelerating for the 2nd consecutive quarter. At the same time, experts had anticipated a more moderate pace of GDP growth.
 
Publication date: 19 September 03:42 PM

Forex. US Dollar Raises Versus Major Currencies Amid Labor Market Figures

The U.S. Department of Labor has recently published another report on unemployment claims. Over the past week, the amount of unemployed Americans who applied for unemployment benefits reached 259 000 claims. The figures dropped down by 4000 claims over the reporting period. This led the index to a new 7-week low.
 
Publication date: 19 September 02:54 PM

Forex. USDCNY. Dollar Loses Value Against Renminbi Amid Chinese Inflation Figures

According to the latest consumer inflation report released by China’s official statistical office, the rate of consumer inflation slowed down in August 2016. This slowdown has already been going on for 4 months. The key reason for this slowdown is lower food prices.
 
Publication date: 19 September 01:58 PM