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Current trend In our previous forecast, we correctly indicated the uptrend. Since the end of last week, the GBP strengthened significantly against the JPY amid the falling demand for the Japanese currency. At key support levels, investors began to move money from the yen to risky assets...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. News of the week: As the euro is suffering, its British counterpart looks dreadfully good...
BNP Paribas maintains short position for EURUSD from early this week from 1.1025 with 1.05 as a target, and those are 5 reasons about why this bank is considering the short for this pair: Greek outcome. "The EUR’s attempts to rally on positive Greek news proved short-lived this week...
On Friday the pound edged up to nearly two-and-a-half week highs versus the greenback, as mounting expectations for a U.K. rate hike continued to support demand for sterling...
Consumer Price Index (CPI) measures the price that consumers pay for those goods. Released at 8:30 am eastern standard on approximately the 15th of each month, the Consumer Price Index (CPI) is a measure of the changes in prices paid by urban consumers for a fixed basket of goods and services...
On the 4 hour chart EUR/USD has a bearish pattern. A Heikin-Ashi chart smooths out the candlestick. You buy when the candlestick is green and has no lower shadows and sell when it red as long it has no higher shadows. Get 100$ free bonus from the best Asian broker https://www.instaforex.com...
Taiwanese PC maker Asus published statistics for the second quarter of 2015: the company's operating revenue was NTD108.403 billion, which was about CNY21.69 billion, a year-on-year increase of 3.05% and a decrease of 3.12% compared with the first quarter of 2015...
Why I’m Not Buying the Greek ‘Austerity’ Myth Bill Bonner in Paris, France Friday, July 17th, 2015 Protesters gathered in Syntagma Square in Athens last night… They were remonstrating against the cruelty of life in general and, more specifically, the deal their government made with its creditors...
What’s Good For the Commonwealth Bank… Why Australia’s economy is so structurally unsound Where will the next crisis be? Bribes and payoffs By Greg Canavan in Albert Park...
W1 price is located above 200-period SMA and below 100-period SMA for the primary bullish market condition with secondary ranging between Fibo support level at 126.08 and Fibo resistance level at 141.05: 38.2.% Fibo level at 135...
Although the Greek parliament accepted austerity measures preventing the country from an immediate default, there are still considerable risks ahead, notes ratings agency Moody’s. Greece’s fiscal strength was “low” and the potential to reduce its debt burden was not clear...
The euro exchange rate complex remains under pressure on news that the ECB will keep its monetary policy unchanged...
Current trend As it was expected, after the correction to the lower border of the ascending channel, the USD went up again. At the end of the last and in first half of this week the "bullish" sentiment prevailed in the pair...
The euro fell to fresh six-week lows against the dollar on Thursday after the European Central Bank stood pat on its monetary policy. Meanwhile, fresh data from the U.S. signaled the number of people who filed for unemployment assistance in the U.S...
ECB President Mario Draghi has confirmed that the central bank left rates unchanged. Besides that, he commented on the ongoing asset-purchase program, as well as liquidity for Greek banks...
1. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX...
On Thursday the euro dropped to an eight-year trough against the pound, as sentiment on the single currency weakened before the European Central Bank's press conference and as Greece remained in focus. Meanwhile, expectations for a rate hike in the U.K. spurred demand for sterling...
The Bank of Canada (BoC) has cut interest rates further allowing the pound sterling to rocket to its best level since 2008. The Canadian dollar exchange rate complex (CAD) fell sharply after the Bank of Canada announced an interest rate cut of 0.25% on the 15th of July 2015...
By Nial Fuller Being a successful trader isn’t easy. In addition to sickening discipline, patience and passion, it requires the kinds of habits that most people simply don’t possess...
