August 2016 Blog Posts (33)

EUR/USD: growth possibility remains

Current trend

This week, the pair recovered the losses it incurred last Friday when the US released strong data on the labour market. At present, the price corrected to the region of the middle MA of Bollinger Bands and attempts to resume its growth. Critical for Bulls seems to be the level of 1.1166 that coincides with 23.6% Fibonacci correction. Its breakout would lead to a growth continuation to the levels of 1.1200, 1.1233, and possibly 1.1270. For Bears,… Continue

Added by AlexanderLF on August 11, 2016 at 5:43pm — No Comments

How to live life with trading

Trading is not a get rich quick scheme. Trading the forex market requires an extreme level of patience and dedication. Anyone can be a trader at any time with a very small amount of deposit. But, “Is this enough to quit your day job?” Taking trading as the full-time profession is very challenging and requires firm determination, dedication, and devotion. The number of a successful trader in this industry is very less compared to other business. But those who are successful is leading…


Added by Anna Agreeable on August 11, 2016 at 4:23pm — No Comments

USD/JPY: review and forecast

Current trend

The pair continues consolidating near the level of 101.10. Yesterday, the Yen strengthened against the Dollar amid the publication of data on the Nonfarm Productivity in the US. In the second quarter of the year, the index fell by 0.5% while experts predicted a growth of 0.4%. In the first quarter, the index declined by 0.6%.

Today attention needs to be paid to the Monthly Budget Statement in the US. According to forecasts, the budget… Continue

Added by AlexanderLF on August 10, 2016 at 4:04pm — No Comments

GBE brokers Ltd. Logo shines bright!

Our Logo shines bright at night in Limassol.

GBE brokers Ltd

Added by Antje Wagner on August 10, 2016 at 11:19am — No Comments

AUD/USD: in ascending trend

Current trend

The pair continues moving along a narrow ascending channel that was formed in the end of June.

The pair was supported by the RBA decision to keep its key interest rate unchanged which increased demand for the Australian currency amid growing appetite for risk assets. At the same time, the US Dollar was pressure by poor statistics on country’s GDP for the second quarter of the year that substantially lowered the probability of an… Continue

Added by AlexanderLF on August 9, 2016 at 5:07pm — No Comments

EUR/USD: general analysis

Current trend

Last week, the US Dollar gained strong support from the ADP employment report and Friday's non-farm payrolls report. At the same time, it should be noted that US trade deficit widened to $44.50 billion that is considered as a negative factor for the American currency.

Favorable data on Germany’s industrial production was released in this morning. In June industrial output grew 0.5% and 0.8% in monthly and annual terms… Continue

Added by AlexanderLF on August 8, 2016 at 5:33pm — No Comments

Get rid of these myths about Forex Brokers

Forex brokers, very simply can be described as your window to the largest currency market in the world. Thanks to these brokers, we are able to log in to a trading platform and participate in trading at the first place. Needless to say, discussions on forex brokers are to be found everywhere- the trading forums, social media and blogs. If there are different sources, there is a dizzying array of misconceptions as well. What are the most common myths as far as forex brokers are…


Added by Sam Wexler on August 8, 2016 at 5:00pm — No Comments

AUD/USD: review and forecast

Current trend

Today the pair continued growing and reached the level of 0.7665 amid commentaries from the Reserve Bank of Australia on its monetary policy. In its statement, the regulator noted that the pace of growth of the world economy remain below the average while inflation will stay below the targeted 2%-3%. Nonetheless, the regulator did not revise its economy growth forecast, which supported the AUD.

Today attention should be paid to data… Continue

Added by AlexanderLF on August 5, 2016 at 4:37pm — No Comments

GBP/USD: general analysis

Current trend

After the Bank of England decided its cut interest rates to 0.25%, the GBP/USD pair lost more than 200 points. Having reached its low in the region of 1.3111, the price corrected up. The instrument gained moderate support when data on US Initial Jobless Claims showed a 3 000 increase to 269 000 for the week ended July 30.

On Friday market participants will turn their attention to statistics for July on US Nonfarm Payrolls and… Continue

Added by AlexanderLF on August 4, 2016 at 6:40pm — No Comments

Brent: general analysis

Current trend

The price of Brent crude oil grew slightly after the American petroleum Institute (API) reported a drawdown in US crude oil inventories. Today attention needs to be paid to data, released by the Energy Information Administration. The oil reserves in US storages are expected to be down by more than 1.8 million barrels that might provide support for the price. Dynamics in the instrument, however, is likely to remain downward as long as the global… Continue

Added by AlexanderLF on August 3, 2016 at 4:03pm — No Comments

Today's JPY Strength and Live Trading Signals

Today in forex trading the JPY was strong across all pairs in this currency group. This drove significant price movement and opportunities for forex traders. Images of the live trading signals from The Forex Heatmap® and chart movement for these pairs is shown below. For a comprehensive analysis of the CHF/JPY, USD/JPY and the other JPY pairs go to our website. These live…


Added by Mark Mc Donnell on August 3, 2016 at 7:14am — No Comments

Client Portal myGBE - "do it on your own"

GBE brokers Ltd. has built up a client friendly client portal called myGBE, which is accessible for every live client via the homepage of GBE brokers Ltd.

On myGBE clients have a full overview not only about the own data and statements, but they are also able to upload their own documents, which simplifies the whole account set up process for both sides.

Besides the documentation set up, clients are able to change leverage and set up additional trading accounts on different…


Added by Antje Wagner on August 2, 2016 at 1:34pm — No Comments

EUR/USD: general analysis

Current trend

Last Friday, the EUR/USD pair grew amid statistics on the US GDP. Preliminary data showed that the American economy grew 1.2 percent in the second quarter while economists projected a 2.6 percent rise.

The pair was also supported by data on inflation in the eurozone. The Consumer Price Index grew 0.2 percent in July after a 0.1 percent gain in the previous month.

Today market participants will be following data on the… Continue

Added by AlexanderLF on August 1, 2016 at 4:45pm — No Comments

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