Featured Blog Posts (1,622)

GBP/USD: general analysis





Current trend





Yesterday almost 52% of British people voted to leave the European Union, and the Pound crashed to its 30-year low. Moreover, the GBP/USD pair was under pressure from strong data on the number of initial jobless claims in the US. The indicator dropped more than expected from 277 to 259 thousands against the forecast of 270 thousands.



Today attention should be paid to statistics on durable goods orders in the… Continue

Added by AlexanderLF on June 24, 2016 at 5:38pm — No Comments

XAG/USD: Technical analysis





XAG/USD, D1





On the daily chart the pair is traded near the upper band of the Bollinger indicator. The indicator is moving up and the price range is expanding. The price is above the moving average line of EMA50, EMA100 and EMA144. MACD histogram is in the positive area, its volumes are slightly decreasing. Stochastic is in the central area, at the border with the oversold area, and its lines are directed downwards.





XAG/USD,… Continue

Added by AlexanderLF on June 23, 2016 at 1:13pm — No Comments

USD/CAD: flat trades in the pair





Current trend



The USD has significantly grown against the CAD at the closing session on Tuesday, after two-day decline, which led the price back to the local lows of June. Minor correction was caused by the domination of cautious sentiments in the market. Prior to the referendum on the UK’s membership in the EU, investors do not rush to open new positions, even despite some encouraging signals.



On Tuesday, the head of the US Fed, Mrs. Janet Yellen gave a… Continue

Added by AlexanderLF on June 22, 2016 at 7:39pm — No Comments

USD/JPY: продолжение снижения цены





Current trend





Demand for the Yen remains high amid difficulties and risks the global economy is facing. The American Dollar does not manage to show a strong growth being under pressure from mixed macroeconomic data, released in the US. As a result, the USD/JPY pair reached the key support level of 103.50.



Today market participants are following Fed Chair Janet Yellen’s Congressional Testimony, and later this week, attention needs to be paid to US… Continue

Added by AlexanderLF on June 21, 2016 at 5:46pm — No Comments

USD/JPY: pair is falling





Current trend



The pair continues falling amid increasing anxiety on the market due to an upcoming referendum on UK’s membership in the EU, which is forcing investors to switch into safe-haven assets, such as the Yen. In addition, the Yen was supported by the decision by the Bank of Japan not to expand its stimulus program despite low inflation and weak growth of the world economy.





The pair was also pressured by poor data from the US, where the… Continue

Added by AlexanderLF on June 17, 2016 at 12:31pm — No Comments

USD/CAD: general analysis





Current trend



The pair continues growing despite results of the Federal Reserve monetary policy meeting. The Regulator decided to keep its current monetary policy unchanged and noted in the Monetary Policy Statement that only one more rate increase should be expected this year. The Canadian Dollar came under pressure, as Governor of the Bank of Canada Stephen Poloz expressed concerns regarding the pace of economic growth in the country.



It should be… Continue

Added by AlexanderLF on June 16, 2016 at 5:23pm — No Comments

EUR/USD: general review









Current trend




Today the pair is growing amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. According to forecasts, the rate will remain unchanged at 0.5% due to the publication of very weak data on the US labour market. Just to remind, the Nonfarm Payrolls came out at 38 thousands that was significantly worse than the forecasts.





At the same time, the Unemployment Rate fell to 4.7%,… Continue

Added by AlexanderLF on June 15, 2016 at 4:28pm — No Comments

4 Signs to tell you that you are choosing the right broker

A prudent trader knows that learning about the right ways to select a forex broker is an integral part of forex education. And, don’t think the beginners can’t be sagacious. They can be!…

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Added by Sam Wexler on June 13, 2016 at 6:36pm — No Comments

AUD/USD: Australian Dollar remains under pressure





Current trend



In the end of last week, the pair substantially declined amid some strengthening in the US Dollar, which was supported by strong data on the US labour market. The number of Initial Jobless Claims fell to 264 thousands, while economists predicted their growth to 270 thousands.





At the same time, today the Australian Dollar was supported by strong data on the Industrial Production in China. In May, the index grew by 6.0% that was 0.1%… Continue

Added by AlexanderLF on June 13, 2016 at 2:16pm — No Comments

EUR/USD: review and forecast









Current trend



Today the pair significantly fell after ECB President Draghi speech, in which he pointed out to long-term risks for the economy of the eurozone from a prolonged low pace of its growth. He also asserted that the regulator would do everything that is necessary in order to return inflation to its target levels.





In addition, the pair is pressured by approaching referendum in the UK. The country’s exit from the EU could… Continue

Added by AlexanderLF on June 9, 2016 at 6:25pm — No Comments

AUD/USD





Current trend



On Tuesday the AUD/USD pair strengthened to its new local high being supported by results of the RBA monetary policy meeting.





RBA’s assessment of economic prospects was quite optimistic, and interest rates were left unchanged at 1.75%. The Regulator believes that the current monetary policy would be consistent with sustainable growth in the economy. However, inflation in Australia is expected to remain quite low for some time, but… Continue

Added by AlexanderLF on June 8, 2016 at 1:40pm — No Comments

EUR/USD: general analysis





Current trend



Last week, the EUR/USD pair grew amid weak US labour market data. In particular, the Nonfarm payrolls came in at 38 thousands. However, there still a good chance of the Federal Reserve tightening its monetary policy this summer that may strengthen the US Dollar.





The Euro remains under pressure from a fall in German bond yields. Moreover, as long as there is still uncertainty around Brexit vote, the American currency may get… Continue

Added by AlexanderLF on June 7, 2016 at 4:50pm — No Comments

USD/CAD: general analysis





Current trend



This week, the USD/CAD pair has been moving down. The downward dynamics has been developing amid expectations of important macroeconomic releases both in the US and Canada which can result in a trend reversal.



In the second half of the day, data on Retail Sales is due in the US. If the favorable forecast is confirmed, the US Dollar will gain support. Later on, the Bank of Canada announces its interest rate decision. Precise attention should… Continue

Added by AlexanderLF on April 13, 2016 at 4:26pm — No Comments

GBP/USD: review and forecast





Current trend



This week, the Pound continues strengthening against the US Dollar. The pair has gained support amid expectations of relatively favorable statistics on the UK economy. Today the data showed the Consumer Price Index grew by 0.4% in monthly terms against the forecast of 0.3%. In annual terms, the indicator was up by 0.5% while analysts expected it to come in at 0.4%. As a result, the pair gained more than 200 points.



Today market participant… Continue

Added by AlexanderLF on April 12, 2016 at 2:26pm — No Comments

USD/JPY: technical analysis





USD/JPY, D1



On the daily chart, the pair is correcting up as it has formed four closes below the lower MA of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is trying to turn up near its strong support in the oversold zone. The Composite is trying to turn up as well.





USD/JPY, H4



On the 4-hour chart, the pair is correcting up towards the middle MA of Bollinger Bands. The price remains… Continue

Added by AlexanderLF on April 11, 2016 at 5:10pm — No Comments

XAU/USD: general analysis





Current trend



The price of gold continues its upward trend. The precious metal is strengthening as the Federal Reserve can delay interest rate rise, the stock market is falling so are US bonds yields. Capital inflow in exchange traded funds remains high that also supports the price of gold.



On the other hand, gold purchases by the People’s Bank of China declined to 9 tonnes in March that is the lowest level since last year. However, the country is likely… Continue

Added by AlexanderLF on April 8, 2016 at 4:40pm — No Comments

The Global Currency War And How To Profit From It

In August 2015 China devalued its currency, the yuan. This has since sparked a so-called ‘global currency war’. A currency war, also known as competitive devaluation, refers to countries devaluing their domestic currencies to gain a competitive trade advantage over…

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Added by Sam Wexler on March 22, 2016 at 11:42am — No Comments

USD/CAD: general review





Current trend





Yesterday the pair continued falling amid weakness of the US Dollar and the publication of mixed macroeconomic data in the US. The Current Account deficit amounted to 125.3 billion, while economists predicted it at 118.9 billion USD. At the same time, the number of Initial Jobless Claims grew to 265 thousands that was yet better than forecasts.



Today attention needs to be paid to data on the Bank of Canada Consumer Price Index Core.… Continue

Added by AlexanderLF on March 18, 2016 at 12:58pm — No Comments

USD/CAD: pair is falling





Current trend



Yesterday the pair significantly declined after the US Fed made its Interest Rate Decision. As was expected, the rate remained unchanged at the current 0.5% but the regulator lowered its own forecasts of the pace of further monetary policy tightening. In addition, the regulator acknowledged the existence of substantial risks for the growth of the US and world economies.



Tomorrow attention needs to be paid to the speeches by Fed officials… Continue

Added by AlexanderLF on March 17, 2016 at 12:11pm — No Comments

GBP/USD: analysis and forecast





Current trend





Since the beginning of the week, the GBP/US D pair has been trading down. Having reached its month high at 1.4435, the price turned down and lost more than 250 points.





Today, market volatility remains low. The Bank of England announces its interest rate decision tomorrow. As for today, market participants are waiting for the Fed’s interest rate decision. The regulator is expected to keep interest rates unchanged at 0.5%.… Continue

Added by AlexanderLF on March 16, 2016 at 2:58pm — No Comments

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