November 2013 Blog Posts (58)

GBP/USD: USD will continue to strengthen

GBP/USD: USD will continue to strengthen



Current trend

At the end of last week the British currency dropped against the USD amid negative UK statistics and strengthening in the USD. The pair was under pressure from the UK trade balance, as the index was far below the forecast. In the USA unemployment rate fell to 7.3%, while number of new jobs outside agricultural sector increased to 204 thousand. Following the release of US statistics the pair GBP/USD fell to the… Continue

Added by AlexanderLF on November 11, 2013 at 1:18pm — No Comments

NZD/USD: technical analysis

NZD/USD: technical analysis



Current trend



At the beginning of yesterday’s trading session the pair went up, reaching resistance level of 0.8400. However the pair failed to overcome this level and fell to 0.8300. On the four-hour chart pattern “triangle” has been formed. Breakout of this pattern will determine further movement direction of the price.

MACD indicator shows the decline: the signal line is outside histogram and is directed downward.… Continue

Added by AlexanderLF on November 8, 2013 at 2:36pm — No Comments

EUR/USD: free fall of European currency

EUR/USD: free fall of European currency



Current trend



At the end of last week the pair fell for more than 300 points amid expectations of decline in the interest rate by ECB. Yesterday investors’ premonitions were confirmed, as ECB has lowered interest rate up to 0.25%. Additional pressure on the pair was caused by the data on US GDP. This index went up to the level of 2.8% despite negative forecast. All these factors triggered the fall in the pair up to the… Continue

Added by AlexanderLF on November 8, 2013 at 1:38pm — No Comments

USD/CAD: general analysis

USD/CAD: general analysis



Current trend



Yesterday the price of the pair USD/CAD significantly went up due to the rise in the USD. Following several unsuccessful attempts to break down resistance level of 1.0462 the pair consolidated near the level of 1.0450.

MACD histogram is in the positive zone, indicating continuation of the uptrend. Macroeconomic background suggests similar outlook. Canadian labour statistics will be released today. Experts believe… Continue

Added by AlexanderLF on November 8, 2013 at 11:29am — No Comments

Advantages of Trading Forex

The currency market has seen an explosive growth in the last decade. Some estimates place it at over 5 trillion dollars traded every day, which makes forex the largest and most liquid market in the world. Known as foreign exchange, FX, and…

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Added by Michael Markarian on November 7, 2013 at 7:11pm — No Comments

Forex: Ichimoku Clouds. Review of XAU/USD

Forex: Ichimoku Clouds. Review of XAU/USD



XAU/USD, H4

Let’s look at the four-hour chart. Tenkan-sen and Kijun-sen lines are getting closer and soon going to form a reversal pattern. Chinkou Span line is approaching the price chart from below, current Kumo is still descending. Aftre long fall the pair is consolidating around Tenkan-sen and Kijun-sen lines. The closest resistance level is the lower border of the cloud at 1335.74. Support level is expected to be at… Continue

Added by AlexanderLF on November 7, 2013 at 12:50pm — No Comments

GBP/USD: high volatility is expected

GBP/USD: high volatility is expected



Current trend

Following rapid growth the pair GBP/USD has calmed down and consolidated at the level of 1.6100. Today’s sideways correction is the lull before the storm. Volatility will sharply go up after the announcement of the interest rate and volume of quantitative easing by the Bank of England. The data on the US GDP and labour market will be also released today. The decline of the gross domestic product by 0.5-0.6% will… Continue

Added by AlexanderLF on November 7, 2013 at 12:29pm — No Comments

Voice of America on Russian Budget

As reported by Market Leader (US)

The share of the secret spending part of Russia’s budget keeps increasing. Apparently, international media sources cannot but ignore this fact and are glad to speculate on it! In particular, Voice of America’s Russian service claims that the aggregate sum of the Russian budget that will be spent on some secret projects over the next 3 years will reach RUR9,68 trillion!



Apparently, the experts…

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Added by Evgeny on November 6, 2013 at 2:56pm — No Comments

USD/JPY: USD is providing support to the pair

USD/JPY: USD is providing support to the pair



Current trend

The pair USD/JPY is going up due to the growing USD. Yesterday positive US statistics was released. It became known that business activity index in the non-manufacturing sector rose from September’s level of 54.4 up to 55.5 points. Investors hope that US Fed will launch curtailing of quantitative easing programs in the near future. At the moment the growth in the pair is restricted only by technical profit… Continue

Added by AlexanderLF on November 6, 2013 at 2:19pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend

Once again the pair EUR/USD has pushed off from the local lows of 1.3448 and rushed to resistance level of 1.3500. The price on the hourly chart has crossed Moving Average with period 50, confirming a chance of further growth.

Fundamental indicators are mixed. Due to weak macro-economic indices in EU, soft monetary policy will be continued, especially because inflation is below 2%. According to the head of ECB, European… Continue

Added by AlexanderLF on November 6, 2013 at 1:01pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4



Onthefour-hourchartTenkan-senline is aboveKijun-senand they are both horizontal, indicating the slowdown of the upward trend. ChinkouSpanis above the price chart; current cloud is ascending. After long rise the pair has been corrected under Tenkan-sen line, which becomes a resistance level at 0.9122. Kijun-sen line is the closest support level at 0.9052.







USD/CHF,… Continue

Added by AlexanderLF on November 5, 2013 at 1:40pm — No Comments

GBP/USD: the pair has downside potential

GBP/USD: the pair has downside potential



Current trend



Last week the pair repeatedly tried to break down strong resistance level of 1.6060, which coincides with the level of 23.6% Fibonacci. Following unsuccessful attempts to go up, the pair GBP/USD fell to the level of 1.5900 and corrected to 1.5970. It is likely that the pair will try to break down the level of 1.6000, however more probable that the pair will fall to 1.5900 or even down to… Continue

Added by AlexanderLF on November 5, 2013 at 1:29pm — No Comments

Difference Between Market Makers and STP Brokers

Difference Between Market Makers And STP Brokers In the forex market, there are three different types of brokers. They are the Market Makers, Straight Through Processing (STP) brokers and Electronic Communication Network (ECN) brokers. The aim of this article is to discuss the difference between Market Makers and STP brokers.



Market Makers…

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Added by Michael Markarian on November 4, 2013 at 10:33pm — No Comments

EUR/USD: the pair will be stuck within the sideways channel

EUR/USD: the pair will be stuck within the sideways channel



Current trend

Following the meeting of the US Fed last week, the pair sharply dropped in price. Although the dates have not been specified, but even the feeble hint about curtailing of the quantitative easing programs has prompted investors to close long positions. Many analysts believe that sharp decline was also triggered by the fact that the pair is overbought. Today, during the Asian session, the pair… Continue

Added by AlexanderLF on November 4, 2013 at 12:20pm — 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 lines are directed towards each other. Chinkou Span line is approaching the price chart from below; current cloud is descending. The pair has slowed down its fall and been corrected above Kijun-sen line, which is now a support level (0.9484). The pair will meet a resistance at the lower border of the cloud (0.9596).…



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Added by AlexanderLF on November 4, 2013 at 12:03pm — No Comments

MOSCOW FOREX EXPO 2013 Tells Traders Why Do They Need Forex Expos

As reported by Market Leader (US)

How to tell reliable Forex brokers form fakes and scams? This is one of they key questions asked by thousands of traders every single day! Indeed, most traders (especially beginners) find it difficult to differentiate between the former and the latter. The question is especially topical in Russia and the CIS since there is no decent regulation there. Almost all broking companies and dealing centers…

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Added by Evgeny on November 1, 2013 at 3:32pm — No Comments

GBP/USD: investors have put trust in the USD again

GBP/USD: investors have put trust in the USD again



Current trend

As expected, the pair GBP/USD rapidly declined on Thursday. Weakness of the currency was caused by the fact that it is significantly overbought. Plus to this additional pressure on the pair was provided by the rise in the USD. On Thursday positive data on the US labour market was released: number of initial applications for unemployment benefits has reduced. PMI in the UK and business activity index… Continue

Added by AlexanderLF on November 1, 2013 at 1:32pm — No Comments

NZD/USD: general analysis

NZD/USD: general analysis



Current trend

The pair NZD/USD continues trading in the downtrend. Since 22 October the New Zealand currency has lost about 350 points. At the moment the pair is consolidating near the level of 0.8185, which is a support level both on the daily chart and on the four-hour chart. Breakdown of this level can trigger aggressive sale and decline in the pair to the level of 0.8040.

The NZD is under pressure from Australia, which is a… Continue

Added by AlexanderLF on November 1, 2013 at 12:53pm — No Comments

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