June 2015 Blog Posts (9)

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

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