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Posted 11 January 2014 - 06:15 AM
Posted 13 January 2014 - 06:47 AM
Swings of the Forex market are still in motion!
Review of the past week
The past week on the currency market was very eventful. According to its results, US dollar lost the part of its positions as compared to its main rivals. The last meeting of EuCB did not bring surprises. Monetary policy remained on the same level, regulator stated that it is still concerned with low inflation, but will not take any measures as of now.
On Friday the report on US labor market was released. Non-Farm payroll release is very controversial. Despite strong figures from ADP as well as the service index of employment from ISM, final Non-Farm was released on the point of 74 000 having demonstrated the least value for the last 2,5 years. Nevertheless, totalunemployment level is reduced by 0.3 down to the level of 6.7%. Trade week was finished by Usd/Eur by growth up to the point of 1.3668.
Great Britain reported negative macroeconomic stats. Service PMI frustrated investors having shows the least values for the last 6 years. Also, trade balance and manufacture data was negative. Further to releases, GBP/USD quotations went down, but investors promptly re-bought this decline which says about strength of ascending trend. In general, a steady growth of GBP/USD pair had been witnessed over the week.
Full attention of investors was focused on the US data. Recordings of the last FRS meeting did not bring serious changes in “bulls” and “bears” alignment. American regulator stated that it expects a gradual tapering of stimulative measures and decisions will be made based in the view of situation with the labor market and inflation. On the last trading day labor market release was published n the USA. Unemployment level got down, but Non-Farm Payrolls data poured oil into the fire. Quotations managed to grow up to the point of 105.32 and fell by 150 points then. So, trading week was closed by USD/JPY just above 104.
Posted 16 January 2014 - 11:14 AM
Posted 20 January 2014 - 06:48 AM
USD/JPY: meeting of Bank of Japan is in the focus
Review of the past week
The last week on the currency market showed consolidation of the US currency against its major competitors. As German GDP data for 2013 was weak and the US inflation report was moderately positive, united European currency got under pressure. Economic growth in one of the leading European economy – Germany – demonstrates decline 3 years in succession, which one more time confirms accuracy of Mario Drahgi's expectations about a weak growth of European economy within nearest few years. A moderate growth of the US CPI and PPI increased the number of supporters of tapering of stimulative measures which will be demonstrated at the FOMC meeting on January 29. All these facts worked in favor of bears and having lost 139 points for the week Eur/Usd pair finished week's trades at the point of 1.3539.
GBP/USD quotations had been declining from Monday to Thursday on the background of week inflation data in Great Britain. But strong Friday's report on retails allowed “cable” to cut the distance between this currency and USD. Growth of retails in 2013 was the most significant over the last 9 years. Positive news background on the last trading day allowed British currency to close the week with minor damages on the level of 1.6423.
For the last week, USD/JPY currency pair added 0.3%. Japan did not publish any important macroeconomic stats. Negative background for the Japanese currency is formed by investors' s expectations regarding further tapering of stimulative measures in the USA and enhancement of quantitative softening in Japan. Any strong correction of USD/JPY pair is followed by growth of quotations which speaks for a strength of ascending trend.
Posted 24 January 2014 - 03:58 AM
Winners of the "New Year Money Bag" drawing shared the secret of success!
At New Year's eve, "FreshForex" company held a great holiday drawing of money prizes - "New Year Money Bag ". We remind that winners were chosen among all «FreshForex» clients online on the company’s website. By the results of drawing, 31 lucky traders were awarded with prizes in the range of 300 - 30 000$.
Winners kindly agreed to answer a few questions of us, and now we have a unique opportunity to read the most interesting moments of the interview, learn their experience, and, perhaps, even the secret of victory on the Forex!
Alex, winner of 30 000$:
"I did not believe that my account will win, though I hoped. To tell the truth, I am not very lucky in my life. I've been working not for long on the forex market, but have still been in plus. And the biggest success is my prize. I wish everybody to try and not be afraid to take risk. "
Alexey, winner of 1500$:
"Thank you for the promotion! I learned from "Vkontakte" social network about my victory, as I had been always monitoring it, but not often commenting on it. I recommend to participate in promotions to everyone working on the Forex market. It is a great chance to begin trading, almost without having to invest . I’m interested in new promo with Kaspersky too - my antivirus just got expired, so I plan to join it. "
Azat, winner of 300$:
"I want to share the joy of my winning in the "New Year Money Bag " drawing! I have been trading in the Forex not for the first year and set to trade with your company from June 2013. I would like to note about friendliness and professionalism of Customer support service. I like promotions held by the company as well as response speed of orders and quickness of withdrawal."
Juris, winner of 300$:
"I have very positive feelings of participation in this promotion! It is very nice to work with the company that cares about its clients. I began to trade a few years ago, but I have been cooperating with "FreshForex" recently for just over a month. I can give a good recommendation to beginners: never risk more than with 3% of capital per day. "
Nadezhda, winner of 300$:
"To tell the truth, I did not believe I could win a prize! I had learned good news even before announcement of results, when I saw the winning amount in the "credit" column of the account. I became a trader 1,5 years ago, and I've been with your company since November of last year. I like your promotions very much, especially “33x3” and “Spreads in half””
Michail, winner of 300$:
"I want to thank you for the opportunity to work in the Forex market. Of course, I have joyful and pleasant feelings, and not only because of the victory, but because company's work with clients is impeccable. I consider that «FreshForex» created all conditions for effective work. "
Virgilijus, winner of 300$:
"Honestly, I did not even know that I participated in this promotion, so the prize was unexpected. It was a real Christmas gift, and "FreshForex" played a Santa Claus role. I began working with Freshforex about 6 months ago. I like rapid withdrawal as well as "Spreads in half" promo. Since I'm a beginner, I can say only one thing to other beginners - to succeed, you need to trade and gain experience."
We thank all who took part in the drawing or who was just an observer. We wish you a good luck. Believe in yourself and don't forget to participate in our promotions. Maybe next time will be lucky for you!
Posted 27 January 2014 - 05:52 AM
Weekly review of three pairs
Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.
Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.
Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).
Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.
Posted 31 January 2014 - 08:37 AM
Posted 03 February 2014 - 07:37 AM
Weekly review of three pairs
Monthly chart: here is an active rolldown while ADX is calm. It increases strength of a possible support for 1.3106 (Bollinger's medium band) and the probability of bullish scenario.
Weekly chart: test level is 1.3267 (bottom band). If buyers do not take active steps from there (and will get the price below specified price), their mid-range strategies will lose.
Day chart: bearish wave is developing here. Bounce from 1.3267 is a more important task for bulls than enhancement of descending front down to 1.3105.
Conclusion: main plan is to touch 1.3267 and start of euro growth in the direction of 1.3850.
Another option is to break support 1.3267 and even a deeper descend to 1.3105.
Learn more at freshforex.com
Posted 04 February 2014 - 06:38 AM
Posted 07 February 2014 - 08:26 AM
Posted 10 February 2014 - 12:28 PM
Time is ripe to sell EUR/USD
Review of the past week
Since the last week was the first week of the month, it was traditionally eventful. According to its results, EUR/USD pair consolidated for 1.1% as ECB governor was positive in his comments and labor market report in the USA was weak. Mario Drahgi continues to surprise market with his optimism. On Thursday 6, while speaking in the ECB meeting, he stated that deflation does not threat Europe now and there is no sense to apply measures to cope with it now. Investors were encouraged by this statement and EUR/USD went above 36.
On the last trading day of the week, release on the US labor market was published. January growth of Non-Farm payrolls was 113 000, which is rather below the figure of consensus-forecast. For the second month in a row, US employers are at an easy pace when it comes to hiring. This is an alarm bell for the US economy and served a background for growth of the European currency. Week's trades were closed at the point of 1.3634. In the fight of bulls and bears on GBP/USD pair there is no winner. Over the past week, Markit Economics research center had been releasing PMI for manufacture and construction as well as for the service sector. Amongst all, only construction report was a good surprise for investors wherease two other were below expectations. This negative background encouraged bears who forced quotations down to 1.6251.
Bulls also paid back in their own coin and got out the most of the weak US Non-Farm payrolls report by raising quotations above 64. Nevertheless, in the end of the week GBP/USD lost its symbolical 0.1% and finished at 1.6407.
Japanese Yen followed its upsurge in January and early February by retreat. Only the first trading day of the week was marked by its consolidation against its US rival as sales on leading global stock exchanges was going on. On Wednesday 5, the report on change in salary for December was published. The figure was above consensus-forecast which supported demand in Japanese currency in the first half of a day. Salary growth will provoke increase of expenses in the future and thus enhancement of inflation. On this background, USD/JPY dropped down to 100.77, but bears were not strong enough to get more. Then bulls joined the game who were not discouraged by weak report on the US Non-Farm payrolls in January. Having added 0.3% for the weak, trades were closed at the point of 102.35.
Posted 13 February 2014 - 09:53 AM
FreshForex will support you in any situation!
Technical issues must not be a hindrance for your profitable trading on the Forex market.
We remind you that you can address any question and problem to "FreshForex" support service.
Our specialists work within 24 hours except for a few holidays. Contact your personal manager to solve current issues promptly and efficiently as well as to consult regarding financial operations and trading terms of the company.
How to contact our support service?
• 24/5 client support – On-line chat;
• Skype: freshforex;
• E-mail: email@example.com;
• Ticket in the Personal area.
Rely on us – we will solve any issue!
Posted 13 February 2014 - 02:36 PM
Hello, dear Forum members!
In this thread I will post about "FreshForex" broker
I represent “FreshForex” company and will be pleased to answer all questions of your interest. A few words about our company.
“FreshForex” company started its operation on the foreign exchange market in 2004 and today it is one of leading players on the Forex market in Russia and Commonwealth of Independent States (CIS). According to “Interfax”, one of the most famous research agencies in CIS, in 2012 year the company took place among Top-10 leading brokers of the Forex Market in Russia.
Bright “FreshForex” brand continues its fast growth, winning over international market and gaining new supporters in World traders' community. There are good reasons for that: excellent trading terms, withdrawal of funds in a matter of minutes and the best possible openness of company to every client.
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No minimum deposit
45 currency pairs, CFD for metals, stocks, futures
No commission for transactions and funding of account
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Daily analysis and forecasts
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Posted 17 February 2014 - 06:42 AM
Weekly review of three major pairs
Monthly chart: the pair is on the way to Bollinger's upper band (1.3931) and bulls do not have any potential for a further break, because ADX did not exceed "30".
Thus, a main strategic scenario is a bounce down from 1.3931 and movement to the area of Bollinger's medium band (1.3139).
Weekly chart: a long consolidation inside of the ascending triangle is coming to an end. In all likelihood, this accumulation will be continued this week as well, because ADX did not turn its full potential on. Support is on the middle (1.3605), resistance is on the upper band (1.38).
Conclusion: a main scenario is the flat within 1.36-1.38. Another option is the break above 1.38, movement to 1.3931 and a bounce down in the direction of 1.36.
Posted 18 February 2014 - 10:03 AM
Upgrade of MetaTrader 4 Client Terminal
Today we held a scheduled upgrade of the real trading server. The goal of innovations is to extend functionality, enhance sustainability and operation speed of the MetaTrader 4 platform.
The most part of changes touched MQL4 programming language. It allowed to increase execution speed and enhance safety of programs by several times. Upon that, you can still use old EX4 files: they continue to work correctly, so you may not be concerned about performance of EA created earlier. Software designers can evaluate plenty of additions to MetaEditor and recompile source codes with new opportunities for the new trading terminal.
One more innovation is the Market for MetaTrader 4 trading platform applications which was earlier available only with MetaTrader 5.
Please pay attention that storage structure of the data was changed. EA, libraries, logs and other useful data is now stored in a special catalog. You can find it in the “File” - “Open Data Folder” menu.
You can read about this and other innovations on the official forum of MQL4.
Posted 01 March 2014 - 03:45 AM
Posted 01 March 2014 - 04:25 AM
We are pleased to inform you that "FreshForex" company takes part in IAFT Awards 2013. Voting will begin on March 1, 2014 and will last for 2 months. Cast your vote for "FreshForex" - it only takes one minute, but thanks to your help we can win!
Our company will fight for the leadership in the following categories:
Last year "FreshForex" became a winner in the "Opening of the Year” category. We are very grateful to all the traders who will support our company this time as well. Help us to become a leader and prove our advantage! IAFT Awards is a unique prize organized by the International Association of Forex Traders. IAFT traders and website visitors annually choose the best broker in each category.
Posted 04 March 2014 - 02:43 AM
Posted 07 March 2014 - 03:11 AM
Posted 07 March 2014 - 03:11 AM