Friday, April 22, 2016

Forex. AUDUSD

Foreign exchange market

Forex. AUDUSD

The Reserve Bank of Australia is concerned about the Australian Dollar exchange rate once again. This is confirmed by the latest RBA meeting minutes, especially the part revealing the central bank's monetary policy. To be more specific, the central bankers assume that the existing monetary policy corresponds to the real economic situation in Australia.

 

At he same time, the RBA assumes that a stronger Aussie may create challenges for the economic recovery. However, the Australian Dollar is a commodity currency, which is why it is recovering along with oil and iron ore prices. The RBA also shows respect to China's existing policies, including various economic stimuli, which allows the bank to expect stronger demand for iron ore. If that's the case, this is going to back economic recovery in Australia to a great extent.

The Australian labor market seems to be another key point of interest for the RBA. The bank has been closely watching the dynamics over the recent months, which is why the bankers believe there may be a certain slowdown in the way the rate of employment is recovering. However, the labor market is backed by salary growth.

FOREX

Meanwhile, Masterforex-V Academy[1] reports that the Australian Dollar is getting stronger against the U.S. Dollar within the scope of a long-term rally, which means that AUDUSD is going up. To be more specific, AUDUSD is creating wave 3/C of level Daily6. There is a smaller-scale wave developing inside the move, which is wave a(C )/C.

For now, the closest major levels of resistance are Fibo levels 0.7850, 0.7914/22, 0.8074. A break below the bottom of the ascending MF sloping channel and MF pivot 0.7490 is going to indicate the completion of the existing wave.

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You are free to discuss this article here:   forum for traders and investors[2]

Forex. USDCAD

According to the official report released by Statistics Canada, the country's manufacturing industry showed some weakness in February 2016. Observers underline that the sales of autos and crude oil were the biggest losers over the time, which was the key driver for the weakness.

Publication date: 22 April 01:45 AM

Brent Oil Exceeds $45/B First Time This Year

International mass media report that the cost of Brent oil has exceeded $45/b for the first time since December 2015. The fact is definitely reassuring major oil producers and exporters of crude oil since stronger oil prices mean higher profits from their oil exports.

Publication date: 21 April 07:23 PM

Alpari Cashback. Over $2,3 Million Paid

It's been almost 500 days since Alpari launched tis loyalty program named Alpari Cashback. It has been getting more and more popular since day one, along with the growing amount of active traders, which are getting closer to 2 million. Now, almost 18 months later, hundreds of thousands of active Alpari traders have already got a certain share of the total cashback exceeding 2,3 million dollars. At the same time, they have been trading Forex and other financial markets on beneficial trading conditions ever since opening their live accounts with Alpari.

 

Publication date: 21 April 04:48 AM

Active Investor by PrivateFX Lead Best Investment Product 2016 Rating

Each and every investor out there faces the challenge of choosing an efficient investment strategy at some point in their careers.  However, it is not that easy to do that. On top of that, you won't find a solution in a book or seminar even those professional investors may share their secret tips and tricks from time to time. Anyway, becoming a professional trader or investor requires time, effort, money and a strong will to withstand the challenges you are going to come across on the way to the top.

 

Publication date: 20 April 08:57 AM

IMF and World Bank on Threats to European Currency

Global economy is recovering very slowly, and new risks keep arising. Such has been statements of IMF and World Bank representatives prior to a spring session of both organizations' authorities in Washington. Traditionally, before the session began, the International Currency Fund has released a new worsened on forecast development of global economy.

Publication date: 20 April 05:17 AM

No Dollar Collapse Even Despite Immense US Debt, Experts Say

For those of you who don't know, the U.S. debt has already exceeded 100% GDP. At the same time, the Fed is planning to keep on raising the key interest rate. To be more specific, Janet Yellen's latest speech triggered a new wave of positive market expectations regarding the likelihood of further interest rate hikes.

Publication date: 19 April 07:40 AM

Forex. NZDUSD: N.Z. Dollar Grows Amid Australia Business Activity Report

The level of business activity in New Zealand went down a little bit in March 2016. This is confirmed by the recent report released by BusinessNZ. Analysts say that the PMI is above the readings of the same indicators used in other countries.  To be more specific, New Zealand's Manufacturing PMI dropped from February's 55,9 points down to 54,7 points in March.

Publication date: 18 April 06:37 PM

Forex. GBPUSD: Pound Weakens As U.K. Inflation Grows

The Office for National Statistics reports that the U.K consumer prices grew in March 2016 at a rate exceeding even the braves expectations. Still, the Bank of England expects a prolonged period of low inflation.

Publication date: 18 April 06:30 PM

Forex: U.S. Dollar Strengthens Despite Lower Retail Sales Figures

According to the recent retail sales report published by the U.S. Department of Trade, U.S. retail sales dropped by 0.3% in March 2016 relative to the previous month, when the sales shrank by 0.1%. At the same time, analysts had expected an 0.1% increase, which leads us to believe the the forecast failed.

Publication date: 18 April 06:12 PM

Forex. EURUSD: Euro Grows On Eurozone Industrial Production Figures

According to Eurostat, the EU's industrial production figures dropped by 0.8% in March 2016 relative to February 2016. It should be noted that the production drop corresponds to the 18-month high. The analysts interviewed by Bloomberg had predicted a 0.7% drop. With that being sad, the actual production decline turned out to be bigger than expected, Market Leader reports.

Publication date: 18 April 05:39 PM

References

  1. ^ Masterforex-V Academy (www.masterforex-v.com)
  2. ^ forum for traders and investors (forum.masterforex-v.com)

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