January 2014 Blog Posts (40)

GBP/USD: development of downtrend

GBP/USD: development of downtrend

Current trend

On Thursday investors responded to another reduction in volume of quantitative easing program. The American dollar has strengthened and the pair GBP/USD has lost over 100 points in a few hours and after that started to consolidate. The pair hardly responded to the data on the US GDP and initial applications for unemployment benefits. GDP in Q4 last year confirmed the forecast of 3.2%. Number of initial claims for… Continue

Added by AlexanderLF on January 31, 2014 at 2:33pm — No Comments

Brent: general review

Brent: general review

Current trend

Crude oil Brent continues to decline amid the increase of the oil inventories in the USA. Last week stock of distillate fell by 4.6 million barrels, while oil reserves rose by 6.4 million barrels, exceeding forecast and putting pressure on the price of “black gold”. According to experts, demand for distillate was caused by cold snap in the USA. The increase in production by 308 thousand barrels per day was not able to adjust… Continue

Added by AlexanderLF on January 31, 2014 at 2:20pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD

EUR/USD, H4

On the four-hour chart Tenkan-sen line has crossed Kijun-sen from above, forming Dead Cross reversal pattern. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. Under the pressure of the Cross the pair has broken down the cloud and is trying to consolidate below it. The closest resistance level is the lower border of the cloud at 1.3603. One of the previous minimums of the Chinkou Span… Continue

Added by AlexanderLF on January 30, 2014 at 1:04pm — No Comments

USD/CAD: the pair will continue to grow

USD/CAD: the pair will continue to grow

Current trend

The pair continues to trade in the “bullish” channel. Throughout the whole month the Canadian dollar has been declining in price against its American counterpart. Outcome of yesterday’s meeting of the US Fed had been expected and incorporated in the price; however, despite this fact, the American dollar went up. The pair reached the highs, which had been last recorded in summer 2009 and stopped near resistance… Continue

Added by AlexanderLF on January 30, 2014 at 12:52pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast

Current trend

Yesterday, preliminary estimates of the British GDP became known. Following positive fundamental data of last week, preliminary GDP in the UK disappointed investors. The pair GBP/USD fell to the level of 1.6540, however late afternoon the pair regained from losses. Nevertheless, preliminary GDP confirms recovery process in the national economy. According to forecast, GDP growth on annual basis will amount to… Continue

Added by AlexanderLF on January 29, 2014 at 12:04pm — No Comments

What You Need To Know About Forex Social Trading

It seems like social trading has become all the rage recently. Forex brokers have been announcing their offering of various social trading platforms. These forex social trading platforms usually score and rank the most successful Forex traders based on profitability. They then allow the user to either…

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Added by Michael Markarian on January 29, 2014 at 12:35am — No Comments

EUR/USD: general analysis

EUR/USD: general analysis

Current trend

On Monday Unified European currency traded near the moving average with the period 200 in the range of 25-30 points. Positive macro-economic news from Germany showing that business sentiment index Ifo had grown to 110.6 points, was not able to support the “bulls”.

Most investors do not wish to take unnecessary risk opening trading positions in advance of the US Fed meeting, where a decision to further reduce quantitative… Continue

Added by AlexanderLF on January 28, 2014 at 11:22am — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast

Current trend

Last week the pair was under strong pressure caused by weakening in the USD. Fundamental data on the housing market and business activity in the USA was below expectations and the pair USD/JPY collapsed to the level of 101.70, finishing trading week slightly above the level of 102.20. In addition a meeting of the Bank of Japan was held last week, where it was announced that Japanese economy is gradually recovering due to… Continue

Added by AlexanderLF on January 27, 2014 at 1:15pm — No Comments

GBP/USD: investors are waiting for the US Fed meeting

GBP/USD: investors are waiting for the US Fed meeting

Current trend

Last week was favourable for the British currency. The pair GBP/USD was supported by the positive UK news from one side, and weak macro-economic US statistics, from the other side. Unemployment rate in the UK fell by 0.2%; negative data on the US construction sector and decline in business activity in manufacturing sector give grounds for the pair to go up to the highs of May 2011. In addition to… Continue

Added by AlexanderLF on January 27, 2014 at 1:03pm — No Comments

EUR/USD: European currency has rushed up again

EUR/USD: European currency has rushed up again

Current trend

On Thursday the pair received strong support from positive statistics on business activity index in Eurozone. The index was above the most optimistic forecast and the pair sharply went up , reaching the key resistance level of 1.3700. Although not many important news releases from the US and Europe are scheduled for today, however attention shall be paid to the speech of ECB chairman, Mario Draghi.… Continue

Added by AlexanderLF on January 24, 2014 at 1:19pm — No Comments

AUD/USD: AUD has fallen

AUD/USD: AUD has fallen

Current trend

Today, following declaration made by the member of the governing board of the Reserve Bank of Australia Heather Ridout, the pair AUD/USD collapsed to the level of 0.8700. Heather Ridout said that the Australian dollar had been significantly overvalued and country’s economy still in need of restoration. RBA tries to lower national currency to the level of 0.8000.

Technical indicators show further decline. Moving… Continue

Added by AlexanderLF on January 24, 2014 at 1:09pm — No Comments

GBP/USD: general analysis

Brent: general analysis

Current trend

Yesterday, the British currency considerable consolidated positions against the American dollar, reaching the new local highs following the release of statistics on the UK labour market. It became known that unemployment rate was the lowest over the five years reaching the level of 7.1%. Unemployment rate has approached to the target, set by the Bank of England, after which British regulator promised to raise interest… Continue

Added by AlexanderLF on January 23, 2014 at 2:24pm — No Comments

NZD/USD: analysis and forecast

NZD/USD: analysis and forecast

Current trend

The pair NZD/USD has been falling since Wednesday, being under pressure of China manufacturing PMI stats. The indicator has dropped to 49.6 points, first fall in 6 month, and the fall under the level of 50 points indicates the slowdown of economic growth. Besides, market players are waiting for the US FOMC meeting next week, when a new reduction of assets purchase may be announced.

Support and… Continue

Added by AlexanderLF on January 23, 2014 at 12:47pm — No Comments

EUR/USD: analysis and forecast

USD/JPY: trade balance deficit has weakened Yen

Current trend

Yesterday the pair EUR/USD has been trading within a sideways channel. At the beginning of the day the course went down due to the negative stats from ZEW. German Sentiment index dropped to the level of 61.7 points. Then the pair has been corrected and is now trading around middle MA of Bollinger Bands indicator (1.3550). Waiting for the next FOMC meeting market players won’t open new trades, so… Continue

Added by AlexanderLF on January 22, 2014 at 1:30pm — No Comments

Brent: general analysis

Brent: general analysis

Current trend

Yesterday, the price of crude oil Brent has reached the level of 107.94 USD per barrel. Positive dynamics of oil quotes was triggered by the rise in the global demand for black gold. According to International Energy Agency, given the current pace of the world economy recovery, demand for oil may increase by 1.3 million barrels per day this year. In 2013 oil consumption amounted to 91.2 million barrels a day; in 2012-90… Continue

Added by AlexanderLF on January 22, 2014 at 1:17pm — No Comments

XAG/USD: technical analysis

XAG/USD: technical analysis

Current trend

Last week silver fell to the level of 20.00. Nevertheless, support level was strong enough to prevent further decline of silver. Last Friday the “bulls” managed to regain positions. At the moment the pair is trading above the level of 20.20. Moving average lines show further rise. The signal line and histogram of MACD are in the positive zone; however the signal line is ready to leave the zone of histogram and form a… Continue

Added by AlexanderLF on January 21, 2014 at 1:47pm — 1 Comment

GBP/USD: UK labour market statistics will support to the pair

GBP/USD: UK labour market statistics will support to the pair

Current trend

The pair GBP/USD continues to trade in the narrow range near important resistance level of 1.6470. It was a public holiday in the USA yesterday; there was no UK news coverage either. Today, economic calendar is still uneventful and the pair will continue to move in the sideways channel. Tomorrow attention shall be paid to the UK labour market statistics and the minutes of the meeting… Continue

Added by AlexanderLF on January 21, 2014 at 1:26pm — 1 Comment

EUR/USD: downtrend is getting stronger

EUR/USD: downtrend is getting stronger

Current trend

As expected, European currency continues to decline against the USD, reaching support level of 1.3520. The decline in the pair was caused by poor data on consumer price index in Eurozone and construction output. The USD continues to strengthen. Producer price index in Germany became known today: the index in December has been below expectations, amounting 0.1%. In the afternoon, monthly report of Bundesbank will… Continue

Added by AlexanderLF on January 20, 2014 at 1:10pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD

AUD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line remains horizontal, while the blue one is directed down. Chinkou Span line is below the price chart, current cloud is descending. The pair ha sbeen corrected to the level of Tenkan-sen which is still the closest resistance level (0.8791). One of the previous minimums of Chinkou Span line is expected to be a support level at… Continue

Added by AlexanderLF on January 20, 2014 at 1:01pm — 1 Comment

May US Dollar and Economy Really Collapse?

As reported by Market Leader (US)

As you know, American experts regularly make doomsday scenarios for other countries. Decades ago, there were special agencies that were involved in finding, explaining and confirming the reasons for the would-be USSR breakup. The USSR did break up but this had nothing do deal with those US theories. Still, this is not the end of the story. Today, american experts are still coming up with doomsday…

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Added by Evgeny on January 17, 2014 at 7:26pm — 1 Comment