May 2014 Blog Posts (52)

EUR/USD: European currency is still under pressure

EUR/USD: European currency is still under pressure



Current trend



European currency is still under pressure; investor interest to Euro has dropped due to rumours about probability of expansion of monetary incentive measures. The pair did not respond to yesterday’s negative data on the US GDP, which was below negative expectations. Today the pair continues to trade near the key support level of 1.3600. Weak data of retail sales with seasonal fluctuations in… Continue

Added by AlexanderLF on May 30, 2014 at 4:47pm — No Comments

USD/СAD: the pair is likely to undergo downward correction

USD/СAD: the pair is likely to undergo downward correction



Current trend



This week the currency pair USD/CAD has been trading in the range of 50 points. Investors are waiting for the key statistic data on GDP in the US and Canada for Q1. It is expected that both indices will be negative. As per preliminary forecast, American GDP can decline by 0.2%, while Canadian GDP will grow only by 1.8%, which is below the previous value.



Support and… Continue

Added by AlexanderLF on May 29, 2014 at 4:10pm — No Comments

GBP/USD: following the decline the Pound has begun to win back losses

GBP/USD: following the decline the Pound has begun to win back losses



Current trend



This week the British currency has been under pressure, demand for the Pound continues to drop; while moderately positive US statistics has added support to the USD. Yesterday, the pair broke out key resistance level of 1.6785 and bottom limit of the ascending channel. In order to go back to the upward channel, the Pound needs investor support and favourable macro-economic… Continue

Added by AlexanderLF on May 29, 2014 at 3:55pm — No Comments

USD/СHF: The pair may undergo correction

USD/СHF: The pair may undergo correction



Current trend



The currency pair USD/СHF continues to trade in the upward channel. Today the pair has reached three-month highs at the level of 0.8982. Even strong data on Swiss GDP for Q1 was not able to halt the rise in quotes. On the annual basis this index has reached the level of 2.0%, which was above experts’ expectations.



Due to lack of the important news today, trading will not be volatile; quotes may… Continue

Added by AlexanderLF on May 28, 2014 at 3:56pm — No Comments

EUR/USD: Weak US statistics can trigger the decline in quotes

EUR/USD: Weak US statistics can trigger the decline in quotes



Current trend



Last week European currency continued to decline, breaking out several key support levels. Weakening in the European currency is associated with low inflation and poor macro-economic statistics. In addition, election to the European parliament also increased pressure on the pair.

At the beginning of this week the pair traded near three-month lows. The fact that upward correction… Continue

Added by AlexanderLF on May 28, 2014 at 3:38pm — No Comments

USD/JPY: technical analysis

USD/JPY: technical analysis



Current trend



Last week the pair had reached the local highs at the level of 100.80. Last time the price has been at this level this February. After the failure to break down this level last week, downtrend in the pair has shifted into the uptrend. Last Friday trading session completed at the level of 101.95. Yesterday, trading was sluggish in the narrow sideways channel. It is likely that the pair will be able to reach the level… Continue

Added by AlexanderLF on May 27, 2014 at 3:39pm — No Comments

EUR/USD: review and forecast

EUR/USD: review and forecast



Current trend



At the previous trading session Euro has slightly grown. It seems that the pair found support at the level of 1.3614 and the “bears” have not been able to go below this level so far. Yesterday European currency was supported by positive German macro-economic data on consumer confidence index in June, as per Gfk. The index remained at the previous high level of 8.5 points, as had been expected by the… Continue

Added by AlexanderLF on May 27, 2014 at 3:29pm — No Comments

AUD/USD: general analysis

AUD/USD: general analysis



Current trend



The Australian dollar has reached the two-week highs at the end of last week and stopped near support level of 0.9215, which is not surprising, considering the recent statement of the Australian authorities. Two weeks ago it was announced about the raise of the pension age, reduction of the welfare benefits, increase of taxes, and dismissal of some of civil servants. These measures was the reaction of the government to… Continue

Added by AlexanderLF on May 26, 2014 at 4:51pm — No Comments

GBP/USD: The pair will stay in the upward channel

GBP/USD: The pair will stay in the upward channel



Current trend



At the end of last week the price of the pair GBP/USD has declined. In advance of the release of the British GDP, investors started to buy British currency. However, as soon as it became clear that the predictions were correct, the demand for the Pound has sharply dropped and the pair started to decline. Economic growth rate in the UK is slowing down, and in the situation when the Pound is… Continue

Added by AlexanderLF on May 26, 2014 at 4:48pm — No Comments

GBP/USD: uptrend will shift to the sideways movement

GBP/USD: uptrend will shift to the sideways movement



Current trend



Yesterday’s British data has chilled out investors’ enthusiasm. British GDP has remained at the previous level and the Pound started to decline slowly against the USD. On the other hand, the American currency is supported by the plan of the US Fed to completely abandon soft monetary policy.

Important U.S. and UK news is not scheduled for the release today. Movement in the pair will be… Continue

Added by AlexanderLF on May 23, 2014 at 3:31pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4



On the four-hour chart Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart, current cloud is ascending. Despite all the corrections the pair is slowly rising. Tenkan-sen line is the closest support level (0.8947). One of the previous maximums of the Chinkou Span line is expected to be a resistance level at 0.9015.…



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Added by AlexanderLF on May 23, 2014 at 3:23pm — No Comments

Brent: general review

Brent: general review



Current trend



The price of Brent has been growing since the beginning of this week. Yesterday, Brent had reached 2-month highs at the level of 110.66; however the “bulls” were not able to consolidate above this level so far. In addition to the geopolitical factor, crude oil Brent is supported by the Chinese news that preliminary index of industrial activity has grown up to 49.7 points in May, which is the highest level for the last 5… Continue

Added by AlexanderLF on May 22, 2014 at 4:08pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



European currency continues to trade in the downtrend. Yesterday Euro has broken down important support level of 0/8 Murray (1.3672) on the daily chart but failed to maintain at this level. At the moment the pair is trading at the level of 1.3683. Technical correction is possible, which may be followed by the rollback to the level of 1.3733.

Euro is under pressure from the data on surplus of current account balance… Continue

Added by AlexanderLF on May 22, 2014 at 3:58pm — No Comments

GBP/USD: the rise to the local highs at 1.7000

GBP/USD: the rise to the local highs at 1.7000



Current trend



As expected, following deep correction, the pair had reached the lower limit of the channel (1.6750), pushed off from this level, and started to rise. Yesterday, the pair has gained strength, due to positive data on the key British indices (CPI, PPI, RPI), and started to rise. It became known today that British retail sales in April rose by 1.3% exceeding the forecast of 0.4%. Following the release… Continue

Added by AlexanderLF on May 21, 2014 at 3:21pm — 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 is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart; current cloud is descending. The closest resistance level is Tenkan-sen line (0.9268). One of the previous minimums of Chinkou Span line is expected to be a support level at 0.9158.…



Continue

Added by AlexanderLF on May 21, 2014 at 3:17pm — No Comments

XAU/USD: analysis and forecast

XAU/USD: analysis and forecast



Current trend



Yesterday the pair XAU/USD has been able to overcome resistance level of 1300.00 and reach the highs at 1305.00. However the pair was corrected down due to the strengthening of the US stocks. Investors are usually turn to the safe haven instruments when economic climate is unstable, and go back to highly volatile pairs as soon as there are signs of recovery.

Technical indicators confirm further fall. MACD… Continue

Added by AlexanderLF on May 20, 2014 at 1:37pm — No Comments

Important Binary Options Terminology





Binary Options Terminology

Before diving in and starting to trade binary options there are several important terms you need to know. These terms will help…

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Added by Michael Markarian on May 19, 2014 at 6:27pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis



Current trend

The British Pound failed to break down resistance level of 1.6841 (2/8 Murray level) and corrected to the level of 1.6820. If the level of 1.6841 is not broken down in the near future, the pair is likely to go down to the level of 1.6724 (1/8 Murray).

Tomorrow volatility may increase due to the release of the block of macro-economic news, including important British data on consumer price index. If the basic index grows,… Continue

Added by AlexanderLF on May 19, 2014 at 3:10pm — No Comments

Core Liquidity Markets Announces the Release Of Their Chinese Language Website





Chinese Language Website

MELBOURNE, AUSTRALIA – Core Liquidity Markets based in Melbourne, Australia proudly announces the launch of their Chinese language website. The…

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Added by Michael Markarian on May 16, 2014 at 7:23pm — No Comments

EUR/USD: decline will continue

EUR/USD: decline will continue



Current trend



On Thursday the currency pair EUR/USD traded with high volatility. Following the release of poor data on GDP in Eurozone, the price fell to the level of 1.3647. However, in the afternoon the pair has almost regained losses, returning to the level of 1.3715 (middle line of Bollinger bands), after the release of negative data on the US industrial production.



Recall that preliminary GDP for Q1 in Europe has… Continue

Added by AlexanderLF on May 16, 2014 at 3:07pm — No Comments

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