March 2016 Blog Posts (23)

EUR/USD: general review





Current trend



The pair continues growing amid weakening in the US Dollar.



At the same time, data published by Standard & Poor’s ratings services firm showed that the pace of growth of the eurozone economy could be lower than forecasted 1.8%, and reach only 1.5%. To some extent, this is the result of recent terrorist attacks that substantially decreased tourist trips to the Union, while tourism makes up nearly 10% of the EU… Continue

Added by AlexanderLF on March 31, 2016 at 12:40pm — No Comments

EUR/JPY: pair is growing





Current trend



Yesterday the pair strengthened amid Fed Chair Janet Yellen speech, in which she pointed out to the existence of substantial risks to world economy growth and the need to remain cautious with further monetary policy tightening in the US. Her comments significantly pressured the Dollar that allowed the Euro to strengthen.



In addition, the pair was supported by poor data from Japan. In February, the Unemployment Rate grew from 3.2% to 3.3%,… Continue

Added by AlexanderLF on March 30, 2016 at 1:45pm — No Comments

Forex Analysis Spreadsheet Technique

This innovative spreadsheet offers forex traders an organized way to analyze 8 currencies and 28 pairs every day. You simply look at a set of moving averages and fill in the spaces in Microsoft excel to get a picture of the current condition of the market. This spreadsheet is free and can be downloaded from the link below. Below there are some samples of how the spreadsheet looks.…

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Added by Mark Mc Donnell on March 30, 2016 at 3:47am — No Comments

GBP/USD: review and forecast





Current trend



The GBP/USD pair strengthened by more than 100 points on Monday. The pair was supported by macroeconomic data, released in the US. In particular, the PCE price index for February was down to 0.1% from 0.3%, and the indicator of personal income declined from 0.5% to 0.2%. As a result, the pair reached the level of 1.4282 but did not manage to consolidate above it and corrected slightly down.



Out of macroeconomic statistics, which can have an… Continue

Added by AlexanderLF on March 29, 2016 at 1:47pm — No Comments

EUR/USD: pair is falling





Current trend



Last week, the EUR/USD pair corrected down to new local lows from its six-week highs. The US currency was supported by Fed officials’ statements which has left a more positive impression than the results of the monetary policy meeting did. Moreover, further tightening of US monetary policy seems likelier amid recent macroeconomic publications.



In particular, strong data on US GDP for the fourth quarter was released on Friday. The indicator… Continue

Added by AlexanderLF on March 28, 2016 at 1:19pm — No Comments

EUR/USD: review and forecast





Current trend



Due to the lack of macroeconomic drivers, the EUR/USD pair is trading within a narrow range of 1.1143-1.1187. Today is the Good Friday holiday in Europe, so market volatility is expected to remain low. Out of macroeconomic statistics, it is worth noting the data on US Gross Domestic Product Annualized and Personal Consumption Expenditures for the fourth quarter. Both indicators are expected to remain unchanged, GDP at 1% and Personal Consumption… Continue

Added by AlexanderLF on March 25, 2016 at 1:47pm — No Comments

AUD/USD: pair moving sideways





Current trend



This week, the AUD/USD pair has been trading within a sideways range of about 100 points (0.7648-0.7550). At present, the Australian currency gains support from a slow growth in commodity prices (CRB index has been has been growing for two months already). Moreover, RBA's Governor Glenn Stevens in his speech delivered to the Australian Securities and Investments Commission said he has a favorable outlook for Australia’s economy. Economic and financial… Continue

Added by AlexanderLF on March 23, 2016 at 6:10pm — No Comments

NZD/USD: review and forecast





Current trend



Since the beginning of the week, the NZD/USD pair has been trading within a narrow range. Market participants are waiting for new drivers which will determine further dynamics in the pair. However, as no macroeconomic releases are due in New Zealand and not so much important data is expected to be released in the US, the pair is likely to keep trading flat.





Support and resistance



Technical indicators suggest the pair… Continue

Added by AlexanderLF on March 22, 2016 at 12:59pm — No Comments

The Global Currency War And How To Profit From It

In August 2015 China devalued its currency, the yuan. This has since sparked a so-called ‘global currency war’. A currency war, also known as competitive devaluation, refers to countries devaluing their domestic currencies to gain a competitive trade advantage over…

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Added by Sam Wexler on March 22, 2016 at 11:42am — No Comments

USD/CAD: general review





Current trend





Yesterday the pair continued falling amid weakness of the US Dollar and the publication of mixed macroeconomic data in the US. The Current Account deficit amounted to 125.3 billion, while economists predicted it at 118.9 billion USD. At the same time, the number of Initial Jobless Claims grew to 265 thousands that was yet better than forecasts.



Today attention needs to be paid to data on the Bank of Canada Consumer Price Index Core.… Continue

Added by AlexanderLF on March 18, 2016 at 12:58pm — No Comments

USD/CAD: pair is falling





Current trend



Yesterday the pair significantly declined after the US Fed made its Interest Rate Decision. As was expected, the rate remained unchanged at the current 0.5% but the regulator lowered its own forecasts of the pace of further monetary policy tightening. In addition, the regulator acknowledged the existence of substantial risks for the growth of the US and world economies.



Tomorrow attention needs to be paid to the speeches by Fed officials… Continue

Added by AlexanderLF on March 17, 2016 at 12:11pm — No Comments

GBP/USD: analysis and forecast





Current trend





Since the beginning of the week, the GBP/US D pair has been trading down. Having reached its month high at 1.4435, the price turned down and lost more than 250 points.





Today, market volatility remains low. The Bank of England announces its interest rate decision tomorrow. As for today, market participants are waiting for the Fed’s interest rate decision. The regulator is expected to keep interest rates unchanged at 0.5%.… Continue

Added by AlexanderLF on March 16, 2016 at 2:58pm — No Comments

AUD/JPY: pair is falling





Current trend



Since the beginning of the week, the pair is showing a significant decline. The pair was substantially pressured by the Bank of Japan statement. As was expected, the regulator left monetary policy unchanged. However, in its Monetary Policy Statement it noted that prospects for the world economy growth remain gloom.



In addition, according to today’s RBA Meeting Minutes, the Australian GDP continues growing but labour market conditions are… Continue

Added by AlexanderLF on March 15, 2016 at 2:14pm — No Comments

USD/JPY: pair shows flat





Current trend





In the end of last week, the pair significantly grew amid the publication of strong data in the US and the ECB decision to expand its QE program.



At the same time, the Yen remains under pressure prior to the Bank of Japan meeting on monetary policy that is due tomorrow. Investors worry that the regulator can apply fresh measures aimed at limiting growth in the Yen and stimulating inflation growth.



In addition, tomorrow… Continue

Added by AlexanderLF on March 14, 2016 at 1:00pm — No Comments

EUR/USD: general review





Current trend



Yesterday the pair showed a volatile trade amid the monetary policy ECB meeting. As soon as the decision to cut the refinance rate to zero and the deposit rate to -0.4% was made, the pair significantly fell. However, later comments by Mario Draghi that in the near future more monetary policy easing in unlikely sent the pair in the opposite direction. At the same time, pair’s growth was limited by strong data on Initial Jobless Claims form the US that… Continue

Added by AlexanderLF on March 11, 2016 at 2:30pm — No Comments

Binary Uno Review

Binary Uno Review

Binary Uno started its operation in 2011 by a group of experienced brokers and investors. It is headquartered in Mahe, Seychelles and provides both Forex and binary options trading services.

Trading Platform

Binary Uno…

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Added by Sam Wexler on March 10, 2016 at 8:00pm — No Comments

USD/CAD: review and forecast





Current trend



Yesterday the pair significantly grew amid some decline in oil prices and the strengthening US Dollar.



Today extra attention needs to be paid to the Bank of Canada Interest Rate Decision and the regulator’s Rate Statement. According to forecasts, the rate will remain unchanged at the current 0.5%. High volatility is expected on the market during the news releases.





Support and resistance



The pair is trading… Continue

Added by AlexanderLF on March 9, 2016 at 1:16pm — No Comments

Forex: Does Practicing with Demo Account Guarantee Absolute Success?

As a newbie forex trader, you perhaps are aware of the significance of a demo account in Forex. Each and every reliable broker or trading platform allows traders to practice trading for a substantial period of time before you start trading with the live account. Simply put, a demo account offers you the chance to hone your trading skills by practicing under real trading conditions and with the help of real analysis tools. Only the money that you trade here is fake. And, this is…

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Added by Sam Wexler on March 8, 2016 at 5:58pm — No Comments

USD/JPY: pair trades flat





Current trend



The USD/JPY pair ended the previous trading week near the opening levels.



On Friday, the Yen was growing moderately during the morning session supported by the statements of BoJ Governor Haruhiko Kuroda that the central bank is not considering any further cuts in interest rates. More support for the currency came from favorable data on labour cash earning which were up by 0.4% in January after the previous 0.2% growth.



Then, the… Continue

Added by AlexanderLF on March 7, 2016 at 2:16pm — No Comments

USD/CAD: review and forecast





Current trend



This week, the USD/CAD pair has been falling like it did in the previous month. At present, the price remains near the level of the beginning of December 2015.



Today, series of macroeconomic publications are due both in the US and Canada. At 3:30 pm (GMT+2) attention needs to be paid to statistics on US labour market, including data on unemployment rate. It is hard to predict what impact these releases will have on the American currency. At… Continue

Added by AlexanderLF on March 4, 2016 at 12:07pm — No Comments

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