All Blog Posts (3,225)

GBP/USD: general overview

GBP/USD: general overview



Current trend



The British pound substantially consolidated against the American currency yesterday. Backed by the UK positive retail sales statistics, the pound grew by over 100 points during the trading session. According to the published information, retail sales grew by 6,4% in November. Investors responded to the news by actively buying the currency.

The economic calender does not foresee any macroeconomic releases today… Continue

Added by AlexanderLF on December 19, 2014 at 3:59pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4



Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, red line is directed downwards while the blue one remains horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has been corrected above Kijun-sen line (0.9631) and lower border of the cloud becomes the next resistance level at 0.9700.







USD/CHF,… Continue

Added by AlexanderLF on December 17, 2014 at 2:44pm — No Comments

NZD/USD: waiting for Global dairy trade report

NZD/USD: waiting for Global dairy trade report



Current trend



The NZD/USD continues to be trading within the wide downward channel. The quotes are correcting today: they tested the level of 0.7775 (the middle line of Bollinger bands) but did not manage to consolidate above. A downtrend is very likely to resume soon.

New dairy prices will be announced today at Global dairy trade auction and then they may decrease again. The largest dairy producer, the… Continue

Added by AlexanderLF on December 16, 2014 at 4:40pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend

European currency is traded near important resistance level of 1.2435, which is also a moving average with the period 200. If Euro fails to consolidate above this level, the pair can reach the level of 1.2350. Euro is under pressure from the decision of the rating agency Fitch to downgrade rating of France by two notches up to the level of AA.

The decline in rating was caused by the actions of French Cabinet of… Continue

Added by AlexanderLF on December 15, 2014 at 4:07pm — No Comments

GBP/USD: the pair is trading in the upward channel

GBP/USD: the pair is trading in the upward channel



Current trend



This week, the currency pair GBP/USD is traded in the upward channel. On Thursday it reached two-week highs at the level of 1.5756; however, in the afternoon after the announcement of the results of the second phase of European LTRO, the quotes dropped to 1.5650. At the moment the pair has corrected upwards despite the decline in production output in British construction sector by… Continue

Added by AlexanderLF on December 12, 2014 at 4:21pm — No Comments

USD/JPY: the pair's correcting today

USD/JPY: the pair's correcting today



Current trend



Today, the USD/JPY is correcting after the decline at the beginning of the week. Negative data from Japan catalysed the price growth. In October, mechanical engineering production dropped by 4,9% at an annual rate and by 6,4% at a monthly rate, respectively, which led to the growth of quotes to the level of 118.80. The growth may continue up to the level of 119.50 (the middle line of the Bollinger bands… Continue

Added by AlexanderLF on December 11, 2014 at 4:10pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below under the cloud, forming trend reversal pattern. Chinkou Span line is below the price chart; current Kumo-cloud is descending. With the help of the Bullish impetus the pair has entered the cloud, upper border of which becomes resistance level (1.2416). Tenkan-sen line (1.2369) is the closest support level.…

Continue

Added by AlexanderLF on December 10, 2014 at 4:39pm — No Comments

Brent: the price goes down

Brent: the price goes down



Current trend



Crude oil Brent continues to decline. The price has already dropped below the level of $66 per barrel, which is the lowest level over the past five years. The main reasons of decline do not vary: these are the increase in production and decrease in demand. Additional pressure on the oil prices was caused by the forecast from Morgan Stanley analysts. They predict that next year oil prices will go down to 43 USD per… Continue

Added by AlexanderLF on December 9, 2014 at 2:15pm — No Comments

GBP/USD: Pound will continue to go down with the target of 1.5410

GBP/USD: Pound will continue to go down with the target of 1.5410



Current trend

At the beginning of the last week the USD had considerably weakened against the major currencies; however favourable US labor market data provided support to the American currency. Nonfarm payroll has exceeded the forecast and the pair GBP/USD fell to the key support level and the local lows of 1.5600. Last week trading session closed at the level of 1.5570.

At this week opening… Continue

Added by AlexanderLF on December 8, 2014 at 2:28pm — No Comments

AUD/USD: decline continues

AUD/USD: decline continues



Current trend



This week the pair AUD/USD has been trading in the downward channel. Slight rise at the beginning of the week, triggered by positive business activity index in the Australian manufacturing sector for November, has shifted to the decline at the level of 0.8310 (the lows since 2010). The strongest pressure on the Australian currency was caused by poor data on GDP for Q3. This index amounted only to 0.3%, which was… Continue

Added by AlexanderLF on December 5, 2014 at 1:27pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend



The Euro is still trading in a downtrend and the pair has reached an important support level of 1.2300. If this level is soon broken down, the decline may reach the level of 1.2200. The single European currency is affected by macroeconomic data, for example, the Composite Purchasing Managers Index dropped to 51,1 points in November. According to some preliminary economic forecasts, a decreasing demand on the part of… Continue

Added by AlexanderLF on December 4, 2014 at 12:52pm — No Comments

NZD/USD: decline in price of dairy products causes the fall of NZD

NZD/USD: decline in price of dairy products causes the fall of NZD



Current trend



The quotes of the currency pair NZD/USD have been declining for the third consecutive day due to several reasons. Firstly, a statement that there comes a time to raise interest rates, made by the deputy chairman of the US Fed Mr. Stanley Fischer, has triggered the rise in demand for the USD. Secondly, prices of milk and dairy products continue to fall. Over the past two weeks the… Continue

Added by AlexanderLF on December 3, 2014 at 1:36pm — No Comments

GBP/USD: general review

GBP/USD: general review



Current trend



Yesterday, the GBP has significantly strengthened against the USD in the upward correction, which followed after long-term decline. The Pound was supported by positive UK macro-economic statistics. It became known that business activity index in the manufacturing sector has reached the level of 53.5 points, which was above the forecast. However, the pair rose only to the level of 1.5760, as the “bulls failed to break down… Continue

Added by AlexanderLF on December 2, 2014 at 12:54pm — No Comments

XAU/USD: general review

XAU/USD: general review



Current trend

At the morning trading session the price of XAU/USD has dropped dramatically. The decline was caused by the outcome of referendum, which was hold in Switzerland last Sunday. There were three questions on the agenda: to ban sales of gold by Swiss National Bank; to oblige the regulator to keep gold; to bind the bank to keep at least 20% of total assets in gold. The result of Swiss people voting showed that 77% of population… Continue

Added by AlexanderLF on December 1, 2014 at 5:08pm — No Comments

EUR/USD: attention will be focused on European labor market data

EUR/USD: attention will be focused on European labor market data



Current trend



On Thursday the pair EUR/USD had reached the upper limit of the channel at resistance level of 1.2530. After that the price pushed off from this level and went down. Positive data on the key European indices had not supported Euro, while the demand for the USD has increased significantly. Today, downward movement continues; investors strongly sell European currency and poor… Continue

Added by AlexanderLF on November 28, 2014 at 2:23pm — No Comments

GBP/USD: the correction but not a change of trend

GBP/USD: the correction but not a change of trend



Current trend



On Tuesday the pair GBP/USD traded in the wide range, shifting to from growth to decline. In the last two weeks the pair has been trying to break down resistance level of 1.5730 for four times.

Today, economic calendar will be eventful with the news from the UK and US, which means that volatility in the pair will be high. In the morning British GDP will become known; and later, US data on… Continue

Added by AlexanderLF on November 26, 2014 at 1:29pm — No Comments

XAU/USD: increase in demand for the USD will cause significant pressure on the pair

XAU/USD: increase in demand for the USD will cause significant pressure on the pair



Current trend



Gold continues to trade in the upward channel. At the end of last week the pair had tested the new local highs at the level of 1207.50; however after unsuccessful attempt to break down this level, the pair returned into the range of 1190.00-1200.00.

Today, US revised GDP for Q3 will become known. It is expected that economic growth rate in the USA will slow… Continue

Added by AlexanderLF on November 25, 2014 at 2:59pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend

At the previous trading session European currency has significantly weakened against the American currency. Starting from the morning Euro had been declining. The pressure on the pair was caused by the comments of Mr. Mario Draghi about possibility of the additional incentive measures aimed at the increasing inflation level in Eurozone. Amid this fact Euro lost over 150 points.

Today, investors are waiting for the data on… Continue

Added by AlexanderLF on November 24, 2014 at 12:14pm — No Comments

10 Critical Factors for Successful Forex Trading

1. Having Enough Knowledge:

Before entering into the world of Forex trading one must have enough knowledge about this business. For this, there are a number of training is available.

2. Having a Computer:

For Forex trading, you must need a computer. Now- a- days, smartphones can also be used.

3. Having Internet:

Only having a computer will not help you. You must need fast internet system on your computer for Forex trading.

4.…

Continue

Added by Mohammad Maidul on November 22, 2014 at 9:46pm — No Comments

10 Critical Factors for Successful Forex Trading

1. Having Enough Knowledge:

Before entering into the world of Forex trading one must have enough knowledge about this business. For this, there are a number of training is available.

2. Having a Computer:

For Forex trading, you must need a computer. Now- a- days, smartphones can also be used.

3. Having Internet:

Only having a computer will not help you. You must need fast internet system on your computer for Forex trading.

4. Finding a Reliable Broker:

It’s…

Continue

Added by Mohammad Maidul on November 22, 2014 at 9:44pm — No Comments

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