All Blog Posts (3,320)

EUR/USD: general analysis







Current trend





On Sunday, Greeks voted against conditions of a rescue package from creditors. The referendum results were announced the same evening. As a consequence, yesterday the European currency opened the trading session with a significant gap down to 1.0994 and lost 100 points, compared to the closing price on Friday. Nevertheless, the euro managed to gain back most of the fall and rise to 1.1056 by the end of Monday. The currency was supported by… Continue

Added by AlexanderLF on July 7, 2015 at 12:53pm — No Comments

The Forex Heatmap® - Live Forex Trading Signals for 28 Currency Pairs

The Forex Heatmap® provides forex traders with live entry signals for 28 currency pairs. When combined with support and resistance any forex trader can now make successful trade entries across the entire forex market. The heatmap gives entry signals for trending and non trending pairs for short term or longer term trade entries. Check out this 7 minute video about the heatmap including two live trade entry examples.…

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Added by Mark Mc Donnell on July 7, 2015 at 7:51am — No Comments

GBP/USD: general review







Current trend





On Friday, the USD recovered all the losses against the basket of major currencies. The referendum in Greece showed that the majority of voters opposed the austerity measures insisted on by international creditors. Thus, the USD probably continues growing in the nearest terms.



Markit Services PMI in the UK, published on Friday, showed a bigger than expected increase and reached 58.5 (forecast 57.4), while previous figure was… Continue

Added by AlexanderLF on July 6, 2015 at 12:45pm — No Comments

USD/CHF Buy Signal 7-1-2015

Today in forex trading the USD/CHF has a strong buy signal on The Forex Heatmap®. See the live trading signals and price chart below. This trend based trading system for 28 pairs is available from Forexearlywarning.com.…

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Added by Mark Mc Donnell on July 3, 2015 at 8:43pm — No Comments

EUR/USD: general review







Current trend





Yesterday, the USD fell against all major currencies amid poor labor market data from the US. According to the data release, unemployment level fell by 0.2% to 5.3% and Non-farm Payrolls showed an increase of new jobs of 223 K (forecasted an increase of 230 K). Initial Jobless Claims also rose, to 281 K.



The movement of the pair EUR/USD is going to be insignificant today, as there are no important news in the calendar and it is… Continue

Added by AlexanderLF on July 3, 2015 at 5:12pm — No Comments

GBP/USD: general analysis







Current trend





The pound continues to fall against the US dollar. The American currency is strengthening amid the instability in Greece and the upcoming referendum, scheduled this Saturday, when the Greek people will decide on their future. While opinion polls find the majority skeptical, the US dollar price is rising against major world currencies.



The British economy is growing. Thus, in the first quarter, it gained 0.4%, which is 2.9% in… Continue

Added by AlexanderLF on July 2, 2015 at 4:52pm — No Comments

EUR/USD: general review





Current trend





Yesterday, the pair EUR/USD fell to 1.1112, however, it gained back some of Monday�s losses.



The IMF confirmed that Athens did not process its due debt repayment on Tuesday and therefore are not eligible for new loans. The negotiations of the new financial aid program between Greece and the Eurogroup have failed. Nevertheless, according to the Financial Times, Greek Prime Minister Alexis Tsipras agreed to all conditions of creditor�s… Continue

Added by AlexanderLF on July 1, 2015 at 3:24pm — No Comments

Brent: oil price back to $66-67 a barrel





Current trend





This week Brent crude oil prices moves within a wide descending range. This week, amid favorable stats on Mortgage Rates, Labor Market and Personal Spending, US dollar is gradually strengthening against all other major currencies. Now the oil price is hovering around $62.85-63.55 a barrel due to the lack of important news.





Support and resistance





In the midterm, the oil price is likely to move further down… Continue

Added by AlexanderLF on July 1, 2015 at 11:52am — No Comments

GBP/USD: after yesterday’s gap

GBP/USD: after yesterday’s gap



Current trend



Yesterday’s movement of the Euro did not have a big effect on the GBP/USD pair.

From the beginning of the week, Greek situation has the main influence on the markets. Greece’s possible default and exit from the Eurozone may lead to market instability and force the US Fed and the Bank of England to be more careful with their monetary policy decisions.

According to the Bank of England, inflation is going to… Continue

Added by AlexanderLF on June 30, 2015 at 1:50pm — No Comments

Choosing the Best low spread forex broker

When looking for a low spread forex broker, you first need to understand who a forex broker is, what they can do for you as a client and what a spread is. Forex brokers are those that help clients to trade foreign currencies. Usually forex is traded in currency pairs with more benefits coming from common currency pairings such as USD/GBP or USD/EUR or GBP/EUR and so on. A spread is the constant difference between the bidding…

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Added by Sam Wexler on June 24, 2015 at 2:20pm — No Comments

NZD/USD: the pair declines amid the data on New Zealand’s GDP

NZD/USD: the pair declines amid the data on New Zealand’s GDP



Current trend

Despite overall decline in the USD caused by yesterday’s news on the interest rate in the USA, the pair NZD/USD continued to decline. NZD/USD fell to the new lows of 0.6880 after the release of the disappointing data on New Zealand GDP, which rose by 0.2% in Q1 against the value in the previous month and by 2.6% compared with the same period last year. The forecast was 0.6% and 3.0%… Continue

Added by AlexanderLF on June 18, 2015 at 5:50pm — No Comments

GBP/USD: general review

GBP/USD: general review



Current trend



The price of the GBP/USD pair continues rising. Yesterday’s poor data on the UK consumer price index with a growth of 1% compared with 0.9% for the last year could not put a prolonged pressure on the GBP. Today, the pair continues to grow as rather positive data for April is published in the UK. Average earnings grew by 2.7% while unemployment remained at 5.5%. The Bank of England committee decided to keep rates… Continue

Added by AlexanderLF on June 17, 2015 at 4:28pm — No Comments

USD/JPY: Kuroda has recanted his comments

USD/JPY: Kuroda has recanted his comments



Current trend



At the Asian session the Yen fell against the USD when the governor of the Bank of Japan Mr. Haruhiko Kuroda has recanted his own statement on the completion of the weakening tendency in the Yen. The stock market also declined: Nikkei Stock Average and Hang Seng Index fell by 0.65 and 0.9% respectively.

However, today the market is quiet due to the uncertainty in the situation with the Greek debt… Continue

Added by AlexanderLF on June 16, 2015 at 4:13pm — No Comments

USD/JPY: Temporary respite

USD/JPY: Temporary respite



Current trend



It is expected that at the next meeting of the Bank of Japan on 18-19 June the regulator will leave interest rate unchanged. Expectations of the interest rate increase by the US Fed will put into perspective the necessity of monetary policy easing and will boost the rise in the pair in the medium-term. A lot will depend of the state of the US economy.

Over the last month the Japanese Yen has lost over 500 points,… Continue

Added by AlexanderLF on June 9, 2015 at 5:48pm — No Comments

EUR/USD: Following the release of Non-Farm Payroll report

EUR/USD: Following the release of Non-Farm Payroll report



Current trend



In the past month all major currencies, except Euro, have been weakening against the USD. Volatility in the pair EUR/USD has shifted towards strengthening in Euro. Extensive sale of German bonds helped strengthening in Euro. Euro was sold very actively in the cross-pairs. Nevertheless, the pair EUR/USD is under pressure from the unresolved issue of the Greek debt.

This morning,… Continue

Added by AlexanderLF on June 8, 2015 at 5:58pm — No Comments

GBP/USD: overall review

GBP/USD: overall review



Current trend



Today’s main news is the US non-farm payroll. At the European trading session the USD fell against the USD, but went up against the other currencies, including the pair GBP/USD. The rise in the cross-pair EUR/GBP also has pressure on the Pound.



It became known that on Thursday the Bank of England left interest rate at the previous level of 0.5%, as well as the volume of assets purchase (375 billion pounds).The… Continue

Added by AlexanderLF on June 5, 2015 at 3:23pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



Yesterday, the European currency has increased by over 250 points. The rise was caused by the news that International Monetary Fund came to agreement with the Greek authorities with regards to the aid plan. In exchange of the Greece aid funds Greek government will have to implement economic reforms. Preliminary plan of reforms was sent to the lenders on Tuesday. The document will be considered for about a week, and then… Continue

Added by AlexanderLF on June 3, 2015 at 5:30pm — No Comments

Brent: а week before OPEC meeting

Brent: а week before OPEC meeting



Current trend



Regardless of anticipations of the OPEC meeting on 5 June, quotes of oil futures continued to grow on Friday. The rise was caused by the reduction of the commercial oil stock in the USA for the fourth consecutive week which in its turn, was triggered by the decline in imports of oil, caused by the reduction of oil drilling rigs in the country.

On ICE, July futures for crude oil Brent have recently grown by… Continue

Added by AlexanderLF on May 29, 2015 at 4:46pm — No Comments

EUR/USD: the USD is gaining strength again

EUR/USD: the USD is gaining strength again



Current trend



The European currency has been declining against the USD for the second consecutive week due to negative fundamental statistics on the key sectors of European economy and favourable data on the US labor market. In addition, expectations of monetary policy tightening, as well as the increase in the core interest rate by the US Fed is also a driver of the growing demand for the USD.

Yesterday, the… Continue

Added by AlexanderLF on May 28, 2015 at 2:33pm — No Comments

USD/JPY: uptrend will continue

USD/JPY: uptrend will continue



Current trend



Last week the USD had reached the key support level of 118.60 against the Yen, after that the American currency rebounded from this level and soared up. At the end of the week the pair exceeded over 100 points and reached the key resistance level of 121.80. The rise was triggered by the favourable data on the US labor market: secondary applications for unemployment benefits have considerably decreased, while… Continue

Added by AlexanderLF on May 27, 2015 at 4:22pm — No Comments

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