EUR/USD:  Signs of Recovery

The EUR/USD is slowly channelling higher. A break above the next trend-line at 1.3065 would be a very bullish sign and could indicate the start of a reversal, however, the thick knot of Moving Averages consisting of the 50, 100 and 200-day MA's situated in-between 1.3070 and 1.3085 offer strong resistance. A break above these…

AUD/USD: Correction Still Rising

The aussie continues to correct higher. It temporarily broke above 0.9300 and went as high as 0.9345 before falling back down again. A stronger break up to 0.9400 remained elusive however – although it will probably reach there eventually . It now appears to be moving within a gently rising channel, which it has just fallen to the base of, and will probably…

Fortress Capital  Announces 5% Deposit Bonus Program



Fortress Capital a forex broker based in the US, is offering up to 5% deposit bonus to all the traders who would join them before 31 August 2013.



Fortress Capital offers the trader many more features apart from deposit bonus. When you trade through this broker, you get lowest spreads across all the major pairs in the forex market. This allows you to be more flexible…

As reported by Market Leader (US)

They say Gazprom is doomed to decline since it gets more and more problems. The company cannot boost NG production since 2001. At this, Gazprom costs only 1/3 of its cost in 2008. Natural gas dropped in price by 30% over the last few years. The USA is today’s number one in terms of NG production. Russia’s NG…

AUD/USD: Correction in Down-Trend

The aussie has found a temporary bottom at 0.9162 and over the last 3 days it has steadily risen higher. The recovery has not been strong enough yet to convince me that it will extend further, and we may even have falling three methods bearish continuation forming, however, there is a compelling reversal…

EUR/USD: 50, 100 and 200-day MA's supporting

Eurodollar has found support from the 50-day Moving Average at today's lows and it has rebounded. The support is so tough it will probably lead to a strong correction. Apart from the 50-day MA there is also the 100 and 200-day MA's at the same level. It is quite rare to find a situation where all three coincide. If price action shows a reversal,…

As reported by Market Leader (US)

Do you want to know the secret of stable and profitable trading? Most beginning traders think that it is all about knowledge. Well, this is not exactly the case. The knowledge alone is not enough to generate decent profits on a regular basis.



In order to get on a whole new level of trading, it is necessary to learn to understand the market and to anticipate its intensions. This requires…

EUR/USD: Sideways Move Probable

EUR/USD has pulled back after falling steeply following the FOMC meeting. It seems to be rising in a sort of wedge pattern now after yesterday's better-than-expected PMI data led a recovery. Today's thin data means perhaps less volatility; however, we will probably see the wedge breakdown and re-touch the 1.3158 lows. The cluster of…

As reported by Market Leader (US)

Many beginning traders cannot or just do not want to risk their own money while making their first steps in the Forex environment. Modern broking companies and dealing centers are aware of this fact. That is why almost all of them offer various promos and bonus programs to help beginning traders start trading without risking a penny.



Forex…

EUR/USD: Nearing Major Support Level

The EUR/USD currency pair broke down and out of its ascending channel and has fallen strongly after the FOMC meeting yesterday. It has now almost reached support at 1.3225 from a combination of the monthly and weekly pivots. If will probably reach this level and bounce or at the very least consolidate. An old trend-line will probably provide resistance at around 1.3275 so…

AUD/USD: Consolidating in Down-Trend

The aussie started to resume its down-trend after a fairly substantial rebound. It has fallen down to the 0.9430s but has stalled at that level and even started to recover little. Currently a sideways consolidation is happening on the hourly chart and possibly may even be forming at a higher level, however, the FOMC meeting later today is likely to supply some widely…

EUR/USD: Sideways Move Extends

The EUR/USD pair continues in a range-bound consolidation ahead of the FOMC meeting on Wednesday. Price has just reached the lows at 1.3330 and will probably now rise back up to the range highs at 1.3380. The pattern is a possible pennant or a triangle, either way, given the now dominant up-trend we will probably see a break higher, with a move above the 1.3390…

As reported by Market Leader (US)

They say a journey of a thousand miles begins with a single step. Well, there are no reasons to contradict that. All Forex beginners should keep this proverb in mind when making their first steps in a rough and highly-competitive trading environment, which is Forex… or any other financial market.



Luckily for them, more and more broking companies start focusing on beginners, thereby offering…

AUD/USD: Correction Pausing

The AUD/USD pair has bounced off the lows and probably broken above the down-sloping trend-line, depending on where you draw it. The pair is consolidating at the moment, probably as traders await the results of the FOMC meeting on Wednesday. The most likely scenario is that the correction has run its course and the down-trend is about to resume. A break below 0.9550…

1. Current trend of GBP/USD

On Wednesday the British currency continued to go up slowly against the USD, which was triggered by the positive data on British labour market. Number of applications for unemployment benefits fell by 8.6 thousand in May. The pair had reached the level of 1.5700 and shifted to sideways correction. However it is obvious that the pair slowed down its upward movement and investors do not rush to invest into overbought Pound and some investors…

1. Current trend of the currency pair EUR/USD

The currency pair EUR/USD continues trading in the ascending channel; On Thursday the price has reached four-month highs at the level of 1.3390. The rise in Euro was triggered by positive data on the volume of industrial output in Eurozone. In April this index amounted to 0.4%, which was far above expectations of expert who believed that index would show the decline to -0.2%. Nevertheless, today the pair may shift to downward…

1. Current trend of the currency pair USD/JPY

On Tuesday, quotes of the currency pair USD/JPY went down; the price reached support level of 95.80-95.60, but failed to exceed it. The decline in price was a result of market reaction to the meeting of the Bank of Japan, where it was decided to keep monetary policy unchanged and refrain from its further development. Strengthening in Yen was also triggered by the rise in business sentiment index in large industrial companies of…

As reported by Market Leader (US)

Due to scandalous closure of one of the leading world electronic payment systems Liberty Reserve Forex market has experienced a tsunami of negative consequences. Thus, many brokers have imposed limitations on output of the means that had been input via Liberty Reserve.



Motivation of such actions remains the same: loss of capital in Liberty Reserve. Why does none of the companies…

As reported by Market Leader (US)

Berkshire Hathaway, a fund owned by Warren Buffet, is busy purchasing NV Energy Inc. , a Nevada-based energy company. The estimated cost of the deal is $5.59bn.





According to the agreement signed by idAmerican Energy Holdings (a part of Berkshire Hathaway) and NV Energy, the former purchases all the shares of the energy company available in the stock market at $23,75 per share. The price…

As reported by Market Leader (US)

Most people have always associated banks with stability and security of funds. It is not accidental that most people store their savings in banks. Obviously, most financial transactions are made by banks.



Why Do Traders Choose Banks As Their Brokers?



According to Eugene Olkhovsky, Masterforex-V Academy’s leading…