Volkov Yuriy

How clients of “FreshForex” company traded in February Dear traders! We suggest you to check results of trading of the past month as well as to refresh the most interesting economic events of February. U.S. dollar finished February with losses against its major competitors. EUR/USD added 2.3% for the month and closed trading slightly above the 38th figure. Before the ECB meeting on February 6, many investors had been expecting from it the release of quantitative easing that would be introduced to cope threat of deflation. But while speaking at the press conference, Mario Draghi said that in the Euro area there was no danger of deflation and now there was no sense to apply this tool to address this issue. Against this background, there was a sharp rise of the quotations of the common European currency. Weak macroeconomic statistics from the United States also played into the hands of "bulls" as applied to the euro. Bad weather of the first winter months affected economic growth that had put a pressure on the U.S. currency. In the second month of the year, GBP/USD gained 1.9% in its weight and closed trading at around 1.6744. British regulator increased its estimation of economic growth of the United Kingdom with 2.8% to 3.4% in 2014, which was welcomed by investors. In February, an event occurred which had been long awaited by market participants: BOE designated an approximate date of a possible rise of the interest rate - April 2015. This factor was the main driver of growth for the British pound in February. No winner was revealed in the battle of "bulls" and "bears" as applied to USD/JPY. A long-term trend for this pair is ascending, but, to continue growth, we need serious drivers. While summarizing its meeting results, Central Bank of Japan announced extension of the credit program to banks provided at a discounted rate. This fact was perceived by investors as additional measures to stimulate the economy and on this positive background, quotations rose to the level of 102.73. As a result, USD/JPY completed trading month with a symbolic reduction at the rate of 0.1%, at around 101.79. Below we offer you to have a look at the results of trading of “FreshForex” clients in February: • 4541% of the deposit for the month - the most successful client earned it using multicurrency trading advisor working along the trend; • 3972 - this is the number of trades made by the most active trader for the month. He received an increase in the rate of 35% without using advisors; • 59% of traders ended February at a profit - is the proportion of customers with deposits of $ 10,000 and above. • $250,365 - the best performing client obtained a profit thanks to the active movements of EUR/USD and GBP/USD. We remind that you can find the most important figures regarding company's operation in "Facts and figures" section of our web-site.

The dollar falls in the light of rising oil prices The weather can distract players from Ukraine and China. The weather peak is expected on Tuesday, when the first of the four central banks is planning to organize the meeting - the Reserve Bank of Australia will announce changes in its monetary policy. The Bank of Canada will hold a meeting on Wednesday, the Bank of England and the European Central Bank will meet on Thursday. Carl Weinberg, the chief international economist of High Frequency Economics in New York, suspects that all four central banks are "largely paralyzed and will not change its monetary policy." The ECB as the Central Bank " may surprise us as the ECB is in uncharted waters now. While "no one can predict how ECB will react ", HFE expects that the bank's policy is likely to remain unchanged. We expect a number of important news from the USA this week. The market's attention will be riveted on Monday to ISM manufacturing index for February release, the ISM index for the services sector and the February employment report publication on Friday. The euro closed Friday at the 1.3807 that is at the upper range of the last week from the 1.3643 (Thursday) to the 1.3824 (Friday). The pair shot upwards after Friday’s preliminary data on inflation in the euro-zone, which raised questions about the prospect of the ECB monetary policy easing this week.

The dollar falls in the light of rising oil prices The weather can distract players from Ukraine and China. The weather peak is expected on Tuesday, when the first of the four central banks is planning to organize the meeting - the Reserve Bank of Australia will announce changes in its monetary policy. The Bank of Canada will hold a meeting on Wednesday, the Bank of England and the European Central Bank will meet on Thursday. Carl Weinberg, the chief international economist of High Frequency Economics in New York, suspects that all four central banks are "largely paralyzed and will not change its monetary policy." The ECB as the Central Bank " may surprise us as the ECB is in uncharted waters now. While "no one can predict how ECB will react ", HFE expects that the bank's policy is likely to remain unchanged. We expect a number of important news from the USA this week. The market's attention will be riveted on Monday to ISM manufacturing index for February release, the ISM index for the services sector and the February employment report publication on Friday. The euro closed Friday at the 1.3807 that is at the upper range of the last week from the 1.3643 (Thursday) to the 1.3824 (Friday). The pair shot upwards after Friday’s preliminary data on inflation in the euro-zone, which raised questions about the prospect of the ECB monetary policy easing this week.

"FreshForex" participates in IAFT Awards 2013! Dear traders! 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: • Best Broker of the year; • Best broker of Asia; • Best broker for trading with advisors; • Opening of the Year; • Dynamic development; • Innovative broker; • Best IAFT Partner 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. Read more

Stay in trend - read "ForEXpress"! Dear traders! Do you want to stay tuned about news of the Forex market? Subscribe to “ForEXpress” - a weekly electronic digest of “FreshForex”! Fresh “ForEXpress” release reaches e-mail box of our traders every Monday. Weekly digest consists of 4 sections, each devoted to a specific topic. Market Forecasts of price movements, opinion of “FreshForex” analysts on market and digest of the most important events of the last week which impacted on the market. To trader Previews of upcoming webinars and interesting articles of the Forex Encyclopedia “CleverFX”. Discover new trading systems, alternative methods of analysis and the most successful methods of earning. About the company Contests and promotions held by “FreshForex”, special offers for our subscribers. Be the first to learn about the opportunity to get bonuses and gifts! Social networks Fresh news of social networks, communication, humor - anything that will help you to escape from everyday routine. Just open real or demo account with “FreshForex” and get the latest news releases automatically. Read “ForEXpress” - stay tuned!

ECB states "There are no deflation signs in Eurozone" Euro We should not expect a strong drop in prices now - the world's leading stock markets have shown a strong growth the other day, that indicates a renewed demand for risky assets and will provide some support for the single European currency. In general, during the day we can expect the development of a side trend. The support level is 1.3698. Trading recommendations The situation remains the same: while the euro is traded above 1.3719-1.3685, the chances of testing the 38th figures remain. Fall below 1.3685 opens the way to 1.3618-1.3600. Rising dynamics of the pair do not inspire us with a confidence. Learn more

FreshForex is the media partner of ShowFxWorld conference Dear traders! “FreshForex” company became the media partner of one of the brightest events on the Forex market - “ShowFxWorld” conference. “ShowFxWorld” is a notable event dedicated to the most vital issues of financial markets. This time, the conference is being held in Riga – the city which has been taking an active part in global financial relationship for long years. Thanks to its modern infrastructure, the capital of Riga is an ideal place for the events of the highest level. Events under the auspices of “ShowFxWorld” brand has always fascinating and interesting to any trader. Participants of the conference include representatives of all spheres related to financial markets including leading brokers and dealing centers. The conference will take place on February, 22, at 10.00 am of local time. Learn more

Upgrade of MetaTrader 4 Client Terminal Dear traders! 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. Learn more

Weekly review of three major pairs EUR/USD 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. [img]http://freshforex.ru/netcat_files/Image/eurusd,%20m(6).png[/img] Learn more

Weekly review of three major pairs EUR/USD 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. [img]http://freshforex.ru/netcat_files/Image/eurusd,%20m(6).png[/img] Learn more

FreshForex will support you in any situation! Dear traders! 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 protected]; • Ticket in the Personal area. Rely on us – we will solve any issue!

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. Forecast for the week February 10 – 14

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. Forecast for the week February 10 – 14

“New Year Money Bag” from “FreshForex” company! Dear clients! We are happy to let you know that Freshforex company opens a season of Pre-New Year trading! “New Year Money Bag” is a big drawing that Fresh Frost magician prepared for you. Trade actively for whole December and get one of three tickets to enroll money prize drawing held by “FreshForex”: 25 prizes for 300$, 5 prizes for 1500$ and one main prize – 15 000$! Total prize pool of the promotion amounts to 30 000$! Prize amount and value of the ticket depend only on your trading activity. Everybody will have the chance to win money prize – more than 30 traders will be the winners! Take part in the “New Year Money Bag” promotion and get your happy ticket in the big drawing by “FreshForex”! Right now you can learn detailed terms of the promo on the-company's web-site. “FreshForex” company wishes you a happy coming New Year holiday! Learn more

USD/JPY: fresh high of 2013 is not far off Review of the past week The last week was the first trading week of the new month and thus had been very eventful. European currency managed to consolidate strongly against its US associate. EuCB meeting was conducted on December, 5th. As it was expected, European regulator remained discount and deposit rates without changes. Over the last days, there were rumors that negative rates would be introduced in Euro zone and the market received refutation of this information. On this background, a confident growth of Eur/Usd quote has been witnessed, though provisional GDP for the 3rd quarter received good data. Friday's report on labor market sprang a surprise for market's participants, in particular, it was growth of Non-Farm payrolls index to the point of 203 000. Though European currency reacted this only in the form of technical correction, upon which growth of quotation continued. Also, a notable upsurge took place on leading stock exchanges of the world. To conclude, US positive data was not able to persuade investors that FRS would decide about cutting of QE3 on its nearest meeting on December, 17-18. British currency had been descending during entire week. Positive data on construction and manufacture PMI did not encourage bulls to storm new hills. Whereas release of PMI for service sector disappointed investors having demonstrated its low for the last 5 months. Also, its rate was pressed by Eur/Gbp growth – this cross-rate consolidated a lot. BoE meeting was held on Thursday, 5th, and it was decided to remain current monetary policy unchanged. Usd/Jpy had been experiencing correction over the most part of the week, after which it had reached a fresh 6-month's high. Positive data on the US labor market contributed to growth of the US currency. Usd/Jpy pair closed trading week on the point of 102.88. The futures on stock index Nikkei 225 also showed a confident growth further to three days of correction. Correlation between those two pairs is still very strong. http://freshforex.com/analitics/fresh-forecast/fa/week_94.html'>Forecast for the week 9 – 13 of December

USD/JPY: fresh high of 2013 is not far off Review of the past week The last week was the first trading week of the new month and thus had been very eventful. European currency managed to consolidate strongly against its US associate. EuCB meeting was conducted on December, 5th. As it was expected, European regulator remained discount and deposit rates without changes. Over the last days, there were rumors that negative rates would be introduced in Euro zone and the market received refutation of this information. On this background, a confident growth of Eur/Usd quote has been witnessed, though provisional GDP for the 3rd quarter received good data. Friday's report on labor market sprang a surprise for market's participants, in particular, it was growth of Non-Farm payrolls index to the point of 203 000. Though European currency reacted this only in the form of technical correction, upon which growth of quotation continued. Also, a notable upsurge took place on leading stock exchanges of the world. To conclude, US positive data was not able to persuade investors that FRS would decide about cutting of QE3 on its nearest meeting on December, 17-18. British currency had been descending during entire week. Positive data on construction and manufacture PMI did not encourage bulls to storm new hills. Whereas release of PMI for service sector disappointed investors having demonstrated its low for the last 5 months. Also, its rate was pressed by Eur/Gbp growth – this cross-rate consolidated a lot. BoE meeting was held on Thursday, 5th, and it was decided to remain current monetary policy unchanged. Usd/Jpy had been experiencing correction over the most part of the week, after which it had reached a fresh 6-month's high. Positive data on the US labor market contributed to growth of the US currency. Usd/Jpy pair closed trading week on the point of 102.88. The futures on stock index Nikkei 225 also showed a confident growth further to three days of correction. Correlation between those two pairs is still very strong. http://freshforex.com/analitics/fresh-forecast/fa/week_94.html'>Forecast for the week 9 – 13 of December

Week sketches for three pairs EUR/USD Monthly chart: the pair is approaching upper Bollinger Band (1.3860), which will be quite able to send the pair to get corrected the area 1.3354. If bulls show strength and will break 1.3860, then the point 1.4260 will become an alternative verdict (marked by red arrow). Weekly chart: a local support by Bollinger medium band is seen (1.3421). Thus, we either will face rollback to this line from 1.3860 and further growth, or break through 1.3860 to 1.4260 without rollback. Read more

Week sketches for three pairs EUR/USD Monthly chart: the pair is approaching upper Bollinger Band (1.3860), which will be quite able to send the pair to get corrected the area 1.3354. If bulls show strength and will break 1.3860, then the point 1.4260 will become an alternative verdict (marked by red arrow). Weekly chart: a local support by Bollinger medium band is seen (1.3421). Thus, we either will face rollback to this line from 1.3860 and further growth, or break through 1.3860 to 1.4260 without rollback. Read more

How clients of “FreshForex” company traded in November? Dear clients! November has come to an end, which means that it is the right time to familiarize with trading results achieved by “Freshforex” and underline the most significant events of the last autumn month. November was eventful in the Forex market . European Central Bank reduced the interest rate by 0.25% and acted as a main news maker. Eurozone was threatened by deflation and the regulator decided to make serious steps in its monetary policy. Further to the decision about interest rate, there were rumors on the market about possible introduction of negative rates in the Eurozone. All these factors put pressure on the EUR/USD pair quotation and a flat trend had been witnessed over a month. British currency, in contrast, markedly increased in weight against its U.S. rival. Positive releases on British economy allowed to install a fresh 2-year high of GBP/USD quotation. Japanese currency continued to weaken against U.S. dollar in November. Inflation in the country of the rising sun is gradually growing and the Bank of Japan said that it will continue to hold a large-scale stimulative policy in the same volume. Below we offer you to have a look at results of trading of “FreshForex” clients in November: Relation between profitable and loss-making trades: Percentage of profitable trades exceeded percentage of loss-making trades and amounted to 64.9%. Highest income per month: Amounted to 1060% of deposit. The most active client, number of trades per month: The most active client conducted 1376 trades. We remind that you can find the most important figures regarding company's operation in «Facts and Figures» section of our web-site.

Get $30 for an article about Forex! Dear clients! We remind you that our company provides "Bonus for the article" promotion. Do you have experience in the Forex market? Do you want to share your knowledge with other traders? We invite you to become one of authors of the educational project "CleverFX" Forex Encyclopedia. To take part in the promotion, send us your unique article about foreign exchange market, wait for its publication and get $30 to your trading account in the company. "CleverFX" is an unique educational project of "Freshforex" company, which so far includes several hundred articles about foreign exchange market. The project is created exceptionally by traders and for traders. Let’s write Forex history together! Prior to taking part in the promotion, please read its terms.

Now clients of “FreshForex” can use PayPal to replenish accounts! Dear clients! We are glad to let you know that "FreshForex" company is extending the list of available payment methods. Now clients of the company can replenish their accounts with the help of PayPal - one of the world leading companies in the field of payments and money transfers via the Internet. PayPal system is well-known around the world due to its reliability and usability. To use this payment system, it is just enough to confirm your personal data and tie bank card to your PayPal account. There is no commission charged for replenishing of “FreshForex” accounts via PayPal. The system works in US dollars. Conversion into currency of account is made according to the internal rateof the company efficient by the moment of performing of a funding transaction. Let us remind you that clients of “FreshForex” company can use more than 20 methods of replenishment and withdrawal of money funds.

“Europeans” can undergo downward correction EUR/USD Monthly chart: so, bulls have formed a pinbar, whereof they seemed to guarantee themselves mid-range outlook for growth to 1.4260. Nevertheless, our main review indicator ADX went down, which predetermines either monthly bounce down (or to 50% of pin in the area of 1.3440) or a deeper correction to the area of Bollinger medium band (1.3106). This plan is described by a red arrow. Upon that, this ADX position can lead to even a more profitable bearish line: it is a touch of 1.3834 and an active move down, to continue accumulation of volumes in a giant triangle range. Alternative option in this case is a dash upwards, for the 1.4285 point. This plan can only be considered in the position above 1.3834. http://freshforex.ru/analitics/fresh-forecast/potencial/week_87.html'>Read more

No surprises should be expected from EuCB Review of the past week Quotes of major currency pairs continued its emergence in the past week as well. According to results of the week, USDX index lost 0,2% and the largest loss was received by US currency against British pound. Euro zone provided mixed statistics. Negative data on German labor market and retails were changed by moderately positive inflation and unemployment reports in Euro zone. Weak report on US consumer confidence CB showed the lowest values for the last 7 months and along with decline in durable goods orders figure supported demand in European currency. Eur/Usd closed trading week near to 36. Upon overcoming strong resistance level 1.6260, British currency accelerated its growth. Investors were encouraged by growth of consumer spending index, which is a crucial part of the economy, as well as by the comments of Bank of England Governor Mark Carney told about withdrawal of support package for mortgage lending as from January, 2014. He also stated that improvements in Euro zone are required to continue growth of the UK economy and internal demand solely is not able to ensure a serious recovery, when spoke in the Parliament's hearings. Nevertheless, British pound managed to establish a fresh high of 2013 at the point of 1.6382. Japanese news background was also mixed. Inflation remained on October level at the point of 1.1%, which is undoubtedly positive for Japan coping with inflation. However, the data on unemployment and industry output was negative. In general, Jpy/Usd shows a steadily ascending tendency and 5th trading week in succession is closed above the previous one. http://freshforex.com/analitics/fresh-forecast/fa/week_90.html'>Read the Forecast

“Europeans” can undergo downward correction EUR/USD Monthly chart: so, bulls have formed a pinbar, whereof they seemed to guarantee themselves mid-range outlook for growth to 1.4260. Nevertheless, our main review indicator ADX went down, which predetermines either monthly bounce down (or to 50% of pin in the area of 1.3440) or a deeper correction to the area of Bollinger medium band (1.3106). This plan is described by a red arrow. Upon that, this ADX position can lead to even a more profitable bearish line: it is a touch of 1.3834 and an active move down, to continue accumulation of volumes in a giant triangle range. Alternative option in this case is a dash upwards, for the 1.4285 point. This plan can only be considered in the position above 1.3834. http://freshforex.ru/analitics/fresh-forecast/potencial/week_87.html'>Read more

No surprises should be expected from EuCB Review of the past week Quotes of major currency pairs continued its emergence in the past week as well. According to results of the week, USDX index lost 0,2% and the largest loss was received by US currency against British pound. Euro zone provided mixed statistics. Negative data on German labor market and retails were changed by moderately positive inflation and unemployment reports in Euro zone. Weak report on US consumer confidence CB showed the lowest values for the last 7 months and along with decline in durable goods orders figure supported demand in European currency. Eur/Usd closed trading week near to 36. Upon overcoming strong resistance level 1.6260, British currency accelerated its growth. Investors were encouraged by growth of consumer spending index, which is a crucial part of the economy, as well as by the comments of Bank of England Governor Mark Carney told about withdrawal of support package for mortgage lending as from January, 2014. He also stated that improvements in Euro zone are required to continue growth of the UK economy and internal demand solely is not able to ensure a serious recovery, when spoke in the Parliament's hearings. Nevertheless, British pound managed to establish a fresh high of 2013 at the point of 1.6382. Japanese news background was also mixed. Inflation remained on October level at the point of 1.1%, which is undoubtedly positive for Japan coping with inflation. However, the data on unemployment and industry output was negative. In general, Jpy/Usd shows a steadily ascending tendency and 5th trading week in succession is closed above the previous one. http://freshforex.com/analitics/fresh-forecast/fa/week_90.html'>Read the Forecast