FreshForex broker

[NatlieFr]

Hello, dear Forum members!

 

In this thread I am going to tell 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.

 

Evaluate advantages of trading with “FreshForex”:

 

No minimum deposit

 

45 currency pairs, CFD for metals, stocks, futures

 

No commission for transactions and funding of account

 

Instant market execution from 0.1 sec.

 

Prompt funding and withdrawal of money via the most popular payment systems

 

Daily analysis and forecasts

 

Free on-line education

 

VIP service for every client

 

 

Promo actions and bonuses offered by “FreshForex”:

 

Bonus «33 х 3» +33% for each replenishment of trading account

 

Spreads in half - Highest payback of spread in Forex – up to $10 per lot

 

Stop Out Insurance - Up to 100% of replenishment amount under Stop Out

 

Double benefit - Up to 20% of interest per annum for both free and margin funds.

 

FreshForex — a fresh view on money

[NatlieFr]

Premiere from FreshForex: Forex Encyclopedia “CleverFX”

 

Dear clients!

 

We are pleased to inform you about launching a new educational project from “FreshForex” company – Forex Encyclopedia “CleverFX”!

 

Wish to learn trading or improve your knowledge on the Forex market? Then, “CleverFX” is right what you need, because in our Encyclopedia everyone will find something new for oneself. Unique articles about currency market, description of Forex definitions, patterns, indicators, methods of technical analysis – all that and many other things you will find in our Encyclopedia. Each article is supplied with illustration and is very convenient for comprehension.

 

Main goal of the project is to convey the most precious knowledge of the Forex market to traders in an easy and convenient form. In the very near future we are planning to embrace the most vital topics of currency trading. Today tens of successful traders and tutors work at Encyclopedia. We are always in quest of new talents though and if you know about the Forex market a lot and are good at putting your thoughts on paper, we will be glad to meet you in our team.

Let's write Forex history together!

 

Read Forex Encyclopedia “CleverFX” and became an expert of currency trading together with “FreshForex” company!

 

Best regards,

“FreshForex” company

[NatlieFr]

“Double benefit” promo is prolonged! Get per cents for active trading!

 

Dear Clients!

 

We are pleased to inform you on extension of the “Double benefit” duration till December 31 of 2013 year!

Switch your trading account to the promo, trade actively and get up to +20% of interest per annum! Monthly we pay you per cent for both margin and spare funds. The higher your trading activity is, the more benefit you get. “Double benefit” promo is available to each client of "FreshForex" company regardless of deposited amount and type of account.

 

Let us remind you that you can learn detailed terms of promotion and get a full information about all active promotion plans of FreshForex company by visiting “Promotions and bonuses” section of the web-site.

 

Wish you successful trading!

“FreshForex” - fresh view on money

 

More details: http://freshforex.com/traders/promotion/promotions_204.html

[NatlieFr]

Instant order execution of orders from “FreshForex"!

 

Dear Clients!

 

"FreshForex" company values its clients and is interested to build an honest and long-term cooperation with them. That is exactly why we made trading of our clients completely transparent. According to the last month's statistics, more than 70% of orders in “FreshForex” company on “Market Pro” accounts are fulfilled almost instantly – from от 0,1 to 0,5 seconds:

 

0,1 sec. – 13,4%;

0,2 sec. – 16,5%;

0,3 sec. – 20,1%;

0,4 sec. – 14,5%;

0,5 sec. – 5,8%.

 

 

Visit web-site of FreshForex: http://freshforex.com/

 

All figures are updated in a real-time mode and fully correspond to the data of our trading servers. Therefore, execution of orders on NDD accounts of “FreshForex” company is today on of the fastest on the currency market. See it yourself by visiting section of our web-site or open “Market Pro” account – that will take a couple of minutes.

 

We also invite you to evaluate real-time dynamics and value of our spread, time of order execution and speed of withdrawal applications processing. Choose currency pair and get overall information of how buying and selling of this pair by “FreshForex” company are distributed in per cent form.

 

Our statistics is always transparent and open to you!

 

Wish you lucky trading!

“FreshForex” - fresh view on money

[NatlieFr]

“FreshForex” turned 9 years! We give presents!

 

Dear clients and partners!

 

Sharply 9 years ago, on October 11 of 2004 year, our company had started its work. We faced serious challenges and ambitious plans. This period of time went like a shot, and we did not only managed to sustain under the conditions of tough competition, but also had been improving trading conditions, diversifying new financial instruments, adding beneficial bonus plans, launching new services.

 

As of today, “FreshForex” does not rest on its laurels. The company takes firm positions on the currency markets, is one of the leading companies in the Forex and deserved a reputation of a reliable, stable broker with a “fresh view on money” and innovative ideas.

 

 

In honor of our 9 years' birthday, we decided to present a gift to all our clients by having increased each added “33x3” bonus by 9% within 9 days! From 9 to 11 of October replenish your account and get +42% for each replenishment!* We heartily congratulate you with the company's birthday! Thank you for staying with us within all these 9 years!

 

Wish you lucky trading!

“FreshForex” - fresh view on money

[NatlieFr]

Advantages of “FreshForex” financial services

 

"FreshForex" company strives to make your depositing operations easy and comfortable! We remind you that more than 20 popular funding and withdrawal options are available to you - Visa/MasterCard, Payonline, Liqpay and many others. You can find a full list of available payment systems in our web-site's “Deposit and withdrawal” section.

 

 

Any financial operations are made in a prompt and reliable way and transparent for you as much as practical:

 

 

Processing of withdrawal applications is made within 10 minutes;

 

There is no commission for replenishment of trading account;

 

Instant remittance of money to trading account;

 

Unique payment tool – embossed bank card “FreshForex MasterCard".

[NatlieFr]

New type of market analysis in "Fresh Forecast"!

 

Our “Fresh forecast” service is expanding so you could perform market analysis using the latest market approaches.

 

We are glad to introduce you to a new type of market analysis based on “The Point and Figure” charting! This method of analysis had been known a long time before computer era started. Unlike other methods, it does not represent “price against time” mode, but shows tendencies in how price rises and drops.

 

Application of “The Point and Figure” chart allows you focusing on price changes and abstract yourself from unnecessary “noise” of market.

 

You can study daily reviews based on this method on our web-site right now! http://freshforex.com/analitics/fresh-forecast/point-figure-charting/

 

 

Wish you lucky trading,

“FreshForex” - a fresh view on money

[NatlieFr]

FX: what is the dollar's outlook?

 

Review for the week 14.10 – 18.10.2013

 

The last week, US dollar suffered the most because of the default fear. Though the Congress managed to avoid default, relief rally for dollar took just a few minutes. It is secondary to the behaviour of stocks, which reached one more record High the last week, whereas yield of 1-month Treasurie dropped for more than 30 basic pips on Thursday. Dollar's weakness was caused by a number of factors:

 

 

Fitch shifted the USA rating from AAA to a “rating watch negative”;

 

Sharp drop in yield of Treasuries destryoed advantage of the US currency;

 

Possibility of delay in FRS narrowing that probably won't take place until 2014.

 

 

When FRS denied to narrow program of assets' purchase in September, dollar got to be under pressure. Expectations regarding growing of the interest rates were also shifted to 3rd quarter of 2015. It affected yield of 10 years' Treasuries, which dropped for 20 basic pips to 2.55% in the end of the last week.

 

 

As you can see, the last week all G10 currencies grew against dollar. AUD and NZD took leading positions as the currencies sensitive towards the risk. The last week, S & P 500 grew to the record-making High point, which accompanies amendmends in the FRS policy. In particular, over this year, Aussie was one of the weakest currencies against USD, which explains why delay in narrowing by FRS acted as a strong impetus for AUD. British pound grew a lot because of positive economic data of the last week. EUR was in the middle probably because it was close to a key resistance February High point 1,3710, which can draw attention of the European Central Bank; in February, 2013, the EuCB induced a sharp drop of EURUSD on this level. Thus, investors may feel nervous and make decisions to close profits instead of opening long positions on fresh High points.

 

Forecast for the week 21 – 25 October, 2013

 

Where the USD will go to at last?

 

After smash losses of the previous week, we can see that dollar is trying to compensate a part of them taking a special advantage from possible surprise news of economic data this week.

 

Nevertheless, it is probable that delay in narrowing made by the FRS is the strongest driving force for dollar in the nearest term. FRS representative Fisher (“hawk”) noted that he will not vote for narrowing this month because of the vague data and difficulties related to obtaining economic reports of the USA.

 

But December narrowing is also under threat after just a temporary raising of debt ceiling till January and February. If economic outlook is clear and economy demonstates stability, FRS can reject narrowing purchase of assets during the next round of negotiations. Though legislation on raising ceiling debt and financial provision of the Government was adopted, FRS will keep in mind that 144 Republicans voted against and in the future the deal may face a serious resistance.

 

At this moment, an overall picture can be weak for USD, but this week is crucial for the US currency and future FRS policy. This week we will start getting delayed economic report, and the crucial one is NFP September report. Though this information is a little out-of-date now, it is still important. The market expects for the growth from 180K to 152K in August, which can induce relief rally of USD, because it is assumed that the US economy was in a better state to sustain storm of recent finance and state shutdown. As per Moody's agency's estimation, this quarther economic growth may miss up to 0.6%.

 

So, until we evidence growth of economic data, it is hard to understand, how USD can behave in a medium term.

 

We will finally start getting economic data from the USA, because government officials will get back to work from vacancy. We will get some key releases the next week including NFP September report and the report on unemployment level (the 22th of October). Other main data will include retail sales (21st) and durable goods orders (25th). The full schedule of reports including delayed reports can be found through the link: http://freshforex.com/analitics/calendar/.

 

EUR/USD

 

Europe: issues with Greece budget will get back to focus of attention.

 

The last week, Euro zone took a back seat, because its budget process grasped a much less attention that the American one. It does not mean that there are no problems through. The fight between Greece and IMF-ECB-EU trip took place. Upon that, EU is looking for extra austerity measures for Greece to provide 2 – 3 bln Euro and plug a budget hole for 2014. The issue for Greek government is that it does not promise austerity trying to retain support in the society and relief economic pressure. Economy of Greece marks 5-years' recession, but this year it showed certain positive signs of growth, and government does not stand for further toughening.

 

Thus, its destiny may be decided in Berlin, where Merkel still fights for coalition and negotiations around coalition may take one more month to last. It is unlikely that Merkel will be generous to Greece. Euro bonds are still far to be realized, and Germany hardly yeilds its rights to Greek debts. So, a togh contradiction between Greece and above-mentioned trip can be predicted for the nearest months.

 

Meanwhile, European Central Bank will watch as EURUSD approaches its February High 1.3710, at which ECB successfully seized Euro. The threat of abnormally strong Euro can make European Central Bank to be vigilant this week. We think, 1.40 is a too high level for Euro, and any sign of weakness in October PMI index released this week can make EUB interfere either limit EUR rate by declaring so. As surrender of EURUSD is not expected, we can see drop down to 1.3590 — as the nearest support zone.

 

Key releases of data from Euro zone the next week include: October PMI (on 24th ), which is expected to continue a steady uprise. German IFO (on 25th ) is expected to reach the highest level from the 1st quarter of 2012. Decision on Norwegian and Sweden rates (both are made on 24th ) also worth attention, it is expected that both states will keep rates on the same level for one more month.

[Jaso-trader]

Thanks Freshforex team for the updates. You are truly amazing....

[NatlieFr]

The intrigue on Euro is now resolved

 

Review of the recent week

 

The recent week was certainly very interesting in terms of the Forex market. USA performed as major news maker. Traders and investors wondered if Eur/Usd pair would be able to reach a fresh High 2013. On Tuesday, 22th of October, this intrigue was resolved: due to weak data on Non-Farm payrolls there was an abrupt upsurge in EUR/USD quotes. Year High was updated and Eur rate gravitated towards the figure 38.

 

Weak macroeconomic data from Eurozone did not support European currency. In leading economy of the region – Germany – PMI and IFO business climate index data was released. Both figures were below the forecast and affected EUR/USD quotes. The maximum efforts taken by bulls is to hold position a little above the level of 1.38.

 

The data on British pound published the last week fully corresponded to forecasts. For example, on Wednesday recordings of the last BoE meeting on monetary policy were published. There were no surprises and all announced figures were within the frames of expectations. On the last trading day of the week, GDP data for 3rd quarter was published. Growth of this figure amounts to 0.8% per quarter, which is the highest value for the last two years. Nevertheless, market participants expected these very figures to be released and the principle worked out “buy rumors – sell facts”. The value dropped for a half of figure, down to the point as of 1.6149.

 

The last week's inflation data is to be emphasized when it comes to the economy of the land of the rising sun. The first time from November of 2008, Consumer Productivity Index demonstrated growth above 1% per year. Value of the figure amounts to 1.1%. Further to release of such positive data, Japanese national currency started to attack 97.0 level. Ignition was not long though and Japanese “exporters” raised quotes up to the point of 97.48.

 

Forecast for the week October, 28 – November, 1

 

Click to know: http://freshforex.com/analitics/fresh-forecast/fa/week_69.html

[Volkov Yuriy]

Bonus “33 х 3”: Non-Stop trading!

 

Dear Clients!

 

"FreshForex" company sets a green light for your trading and gladly informs: unqiue bonus plan “33 х 3” has been prolonged till December, 31 of 2013!

 

Trade non-stop with renewed bonus plan “33 х 3” on each replenishment of account and obtain following advantages:

 

33% to drawdown protection;

33% to increase of your trading volume;

33% of money funds one can withdraw from account.

Pick up the speed, increase volumes and get even higher profit! Learn right now how to connect to “33 х 3” bonus on “Bonuses and promotions” section of the web-site or consult your personal manager.

 

Please study the terms of “33 х 3” bonus in the part of applying and usage.

 

Wish you lucky trading!

 

“FreshForex” - fresh view on money

[Volkov Yuriy]

Bullish structure of markets remained

EUR/USD

 

 

Monthly chart: bulls were not able to break upper Bollinger band, though I am far from thoughts about southern direction. The reason is a fairly high Close and that Bollinger bands are still ascending (watch upper band). In case Northern movement gets confirmed, we cannot see Euro below a medium band (1.3081).

If breakthrough is lower, the pair will move to the bottom band (1.2404). We need to recognize one more supportive zone is here though - 1.2749 — protecting up-structure of trend and able to send Euro upwards in the same way. Medium target of buyers is still 1.4260.

http://s1.ipicture.ru/uploads/20131105/gTf17dkU.jpg

 

Read more

[Volkov Yuriy]

Now RBK Money depositing is available for all «Freshforex» clients!

http://freshforex.ru/netcat_files/Image/RBK.png

Dear clients!

 

The «Freshforex» company keeps doing their best to make trading of every single client most convenient. We are glad to inform you about the RBK money worldwide spreading. Now all our clients can use «RBK Money» and «Visa/MasterCard (RBK.Money)» to deposit in their trading accounts. Using this system you can deposit fast, easily and FREE.

 

You can look through all the instructions on our web-site at the category «Deposit and withdrawal». To use these deposit methods, you need just confirm your Personal Data.

RBK Money depositing is free of charge!

 

Remember, more than 20 deposit and withdrawal methods are available for «Freshforex» clients.

Wish you lucky trading!

 

“FreshForex” - fresh view on money

http://freshforex.com/netcat_files/Image/crfin_en1(18).png

[Volkov Yuriy]

How clients of “FreshForex” company traded in October?

http://freshforex.ru/netcat_files/Image/oct_10.png

Dear Clients!

 

October has come to an end, which means that it is the right time to have summarize results and give attention to the most significant events of the past month.

 

In October, all participants of the currency market had been looking forward to results of the battle between USA President Obama and the Congress regarding increase of the debt ceiling. On October, 13th, political games had been over and result was positive for the USA. Weak data on labor market of the US boosted main rivals of USD and the European currency succeeded the most by establishing a fresh High of 2013 year at the point of 1.3831.

 

End of the month was also eventful. FRS of the USA remained its monetary policy unchanged, because budget crisis did not allow getting macroeconomics statistics. FRS dropped a hint that the decision on narrowing of QE (quantitative easing) program can be made on December meeting.

 

Eurozone provided markets with the data about decline in inflation and growth of unemployment. In the nearest future, such negative data can lead to decline of the major interest rate by EuCB – the measure essential for priming of the economy.

 

Below we offer you to have a look at results of trading of “FreshForex” clients for October:

 

Relation between profitable and loss-making trades:

 

Percentage of profitable trades exceeded percentage of loss-making trades and amounted to 54% .

 

Highest income per month:

 

Amounted to 8574% of deposit.

 

The most active client, number of trades per month:

 

The most active client conducted 1317 trades.

 

We remind that you can find the most important figures regarding company's operation in “Facts and figures” section of our web-site.

 

Wish you successful trading!

“FreshForex” - fresh view on money

http://freshforex.com/netcat_files/Image/crfin_en1(19).png

[Volkov Yuriy]

Setup for trend does not seem complete

EUR/USD

 

 

Monthly chart: rollback in the direction of Bollinger medium band continues (1.3081), from where start to upwards movement for the target 1.4260 is supposed to be. Only upon breaking of 1.2749, we can consider any middle-term bearish scenario.

http://freshforex.ru/netcat_files/Image/eurusd,%20m(8).jpg

Weekly chart: we witness support from the medium band (1.3328), whereas rollback swing has been fully formed. That can allow bulls to start directly from current levels. Bollinger envelopes boost upward movement, but probable deepening to 1.3081 still should be considered. In case of downward movement one can speak for a local O&U with the outlook described by the red arrow.

Conclusion: main option is touching of zone 1.3081 and start for upper targets: 1.3328, 1.3612. An alternative option is growth of Euro without continuation of down trend, directly from zone 1.3328. There is a point for buyers to keep Stops below 1.3081, cause under breaking of this point, a strong impetus for reversal will appear.

Learn more

[Volkov Yuriy]

“FreshForex” company became a member of KROUFR

http://freshforex.ru/netcat_files/Image/KROUFR.png

Dear clients!

 

We are glad to inform you that “FreshForex” company was certified to become a member of non-profit organization - the Financial Regulation Agency (KROUFR). From Russian its name stands for as the Commission on Regulating Relations between Participants of Over-the-counter market.

 

Joining KROUFR is not only a big step towards consolidation of trust relationship with traders, but is also a sign of a full commitment to long-terms and fruitful cooperation with all participants of financial markets aimed to improve standards of the Forex industry in general.

 

Director of “FreshForex” company Denis Korolev comments on this event: “Joining KROUFR is a consistent step in our development, we strive for a maximum possible transparency in relationship with clients and partners, stand for a honest and open competition on the Forex market.

 

We plan to take an active part in developing this organization, which is currently the most reputable entity uniting traders and ready to comply with the rules and procedures adopted by the KROUFR professional community”.

 

Reference about KROUFR

 

The agency started its operation in 2004 year. As of today, its activity is aimed to develop services and manage relationship between Russian participants of international financial markets. The main protection mechanism is the KROUFR public commission including representatives of brokers, traders and investors.

Read more

 

Wish you successful trading!

“FreshForex” - fresh view on money

[Volkov Yuriy]

"FreshForex" will participate in the web-research held by “Interfax”

http://freshforex.ru/netcat_files/612/608/h_db1562ac2ac9d4fb09f811e44eabaae2

Dear clients!

 

We are glad to inform you that FreshForex company is again going to take part in the most prestigious research of global market of Forex services held by the centre of economic research of the “Interfax” information agency - one of the biggest news agencies in Russia.

 

Advantage of the "Interfax" rating is that Forex broker companies are estimated by traders from all over the world according to different categories. That’s why the rating results are objective, unbiased and trustworthy.

 

The result of this research will be building of rating of the best Russian and foreign Forex-companies rendering service on global financial markets.

 

Wish you successful trading!

“FreshForex” - a fresh view on money

http://freshforex.com/netcat_files/Image/crfin_en1(21).png

Edited November 14, 2013 by Volkov Yuriy

[Volkov Yuriy]

Evaluate our updated forex economic calendar

http://freshforex.ru/netcat_files/Image/kolendar.png

Dear clients!

 

We invite you to evaluate our updated economic calendar of Forex market events. By popular demand, one of the most required services  on our web-site got an improved interface. We tried to pay attention to all your needs and made our calendar more convenient. Not only design of the calendar was changed, but its functional as well:

 

1) News is updated immediately at the moment of publication;

2) The most important news is marked not only with stars rating, but also with the colour;

3) Description of important events is added;

4) Graphs of economic indicators are added;

5) The calendar is available in three languages: English, Russian and Chinese.

 

Right now you can find review of coming  events of the Forex market in our updated economic calendar in "Analytics" section of our web-site .

Be ready to the most important events of currency market with «Freshforex» company!

 

Wish you successful trading!

“FreshForex” - a fresh view on money

http://freshforex.com/netcat_files/Image/crfin_en1(21).png

[Volkov Yuriy]

EUR and GBP need drivers for growth

Review of the past week

 

The past week, quotes of Eur/Usd, Gpb/Usd and Yen/Usd pairs grew.

 

 

We will traditionally start from the review of Eur/Usd. Core event of the week for the united European currency was GDP report for the 3rd quarter published on Thursday, 14th of November. As we expected, the data was just little worse than forecasts, on the point of 0.1% per quarter. GDP reports for the 3rd quarter were also published for the leading economies of Euro zone: German, French and Italian. All countries showed decline against the 2nd quarter, in particular, Italian data stands out. GDP of this country gives negative data for as long as 9 months in succession! On the background of such negative data, Euro weakened down to the point of 1.3418. However, weak data on the trade balance and industry output of the US let Eur/Usd quotes grow to the 35 figure and trade week closed at the point of 1.3495.

 

 

The speech of the future FRS Chief Janet Yellen in the Senate Banking Committee also must be mentioned, where she told that now it is not the time to curtail QE3 and it is required to wait until the economy steps into the phase of sustainable development. This factor added to growth of the European currency.

 

 

Over the past trading week, the British Pound was at risk, further to release of weak inflation data. Consumer Price Index dropped down to 2.2%. The last time such weak data was received in September, 2012. On this background, quotes declined to the point of 1.5853. However, the next day the pair started a confident upward movement. As we mentioned in our previous week review, British currency demonstrated its strength. On Wednesday, 13th of November, Bank of England presented its quarter report on inflation. It raised forecast on growth of the UK economy and it the possibility of the interest rate increase in the end of 2014 under reach of target level of unemployment was also stated.

 

 

Investors reacted positively and started active openings of long positions on Gpb/Usd. Trade week closed at the point of 1.6119, near to strong resistance level.

 

 

Participants of trades with Yen/Usd managed to reach the point of 100.00. Over the last two weeks, bears actively resisted, but bulls overwhelmed at last. Japanese GDP for the third quarter showed decline, but is above expectations. Japanese currency neglected this report and investors focused on Janet Yellen's speech in the Senate Banking Committee. Future FRS chief stated that it is necessary to remain current monetary policy unchanged within near months, which encouraged bulls to open long positions. Growth of Nikkei 225 stock index over the entire week also added to optimism of bulls and Yen/Usd closed the week at the point of 100.19.

 

 

Forecast for 18 – 22 November

[Volkov Yuriy]

Sketches for the week

EUR/USD

 

 

Monthly chart: half of the month is behind and one can see how hard it is for bears to get rollback. General tendency is that it is difficult to continue to move up without touching zone of Bollinger medium band (1.3060).

 

Besides, this rollback swing can become full only after a new Low will have been reached by December bar (with all that it implies in terms of time)

 

Getting below the medium band would be a warning bell for buyers, but break of beginning up-trend would be only possible under the breaking of 1.2749. Until it happens, present things must be taken as the preparation for the impetus to zone 1.4260.

Read more

http://freshforex.ru/netcat_files/Image/eurusd,%20m(9).jpg

[Volkov Yuriy]

EUR and GBP need drivers for growth

Review of the past week

 

The past week, quotes of Eur/Usd, Gpb/Usd and Yen/Usd pairs grew.

 

 

We will traditionally start from the review of Eur/Usd. Core event of the week for the united European currency was GDP report for the 3rd quarter published on Thursday, 14th of November. As we expected, the data was just little worse than forecasts, on the point of 0.1% per quarter. GDP reports for the 3rd quarter were also published for the leading economies of Euro zone: German, French and Italian. All countries showed decline against the 2nd quarter, in particular, Italian data stands out. GDP of this country gives negative data for as long as 9 months in succession! On the background of such negative data, Euro weakened down to the point of 1.3418. However, weak data on the trade balance and industry output of the US let Eur/Usd quotes grow to the 35 figure and trade week closed at the point of 1.3495.

 

 

The speech of the future FRS Chief Janet Yellen in the Senate Banking Committee also must be mentioned, where she told that now it is not the time to curtail QE3 and it is required to wait until the economy steps into the phase of sustainable development. This factor added to growth of the European currency.

 

 

Over the past trading week, the British Pound was at risk, further to release of weak inflation data. Consumer Price Index dropped down to 2.2%. The last time such weak data was received in September, 2012. On this background, quotes declined to the point of 1.5853. However, the next day the pair started a confident upward movement. As we mentioned in our previous week review, British currency demonstrated its strength. On Wednesday, 13th of November, Bank of England presented its quarter report on inflation. It raised forecast on growth of the UK economy and it the possibility of the interest rate increase in the end of 2014 under reach of target level of unemployment was also stated.

 

 

Investors reacted positively and started active openings of long positions on Gpb/Usd. Trade week closed at the point of 1.6119, near to strong resistance level.

 

 

Participants of trades with Yen/Usd managed to reach the point of 100.00. Over the last two weeks, bears actively resisted, but bulls overwhelmed at last. Japanese GDP for the third quarter showed decline, but is above expectations. Japanese currency neglected this report and investors focused on Janet Yellen's speech in the Senate Banking Committee. Future FRS chief stated that it is necessary to remain current monetary policy unchanged within near months, which encouraged bulls to open long positions. Growth of Nikkei 225 stock index over the entire week also added to optimism of bulls and Yen/Usd closed the week at the point of 100.19.

 

 

Forecast for 18 – 22 November

[Volkov Yuriy]

Sketches for the week

EUR/USD

 

Monthly chart: half of the month is behind and one can see how hard it is for bears to get rollback. General tendency is that it is difficult to continue to move up without touching zone of Bollinger medium band (1.3060).

 

Besides, this rollback swing can become full only after a new Low will have been reached by December bar (with all that it implies in terms of time)

 

Getting below the medium band would be a warning bell for buyers, but break of beginning up-trend would be only possible under the breaking of 1.2749. Until it happens, present things must be taken as the preparation for the impetus to zone 1.4260.

Read more

eurusd,%20m(9).jpg

 

 

Read more: http://forum.italkmoney.com/topic/47292-freshforex-broker/#ixzz2lRnrzrQt

[Volkov Yuriy]

Bulls marked their advantage

EUR/USD

 

 

Monthly chart: bulls are vehement in their task and do not let a full rollback to happen. In the terms of trend's structure, they need one more Low in the beginning of December so they can get a completed rollback (further to which they can proceed to a full attack). Current resistance is located into the upper band (1.3809), whereas support line is based on the medium one (1.3106).

 

 

After a possible rollback to the medium one, we can consider about the possibility of very profitable entrances to purchases with medium target as for 1.4260.

 

http://gifok.net/images/2013/11/25/eBF5z.png

Learn forecast

[Volkov Yuriy]

Will Pound be able for a new High?

Review of the past week

 

 

The past market week was marked by growth of three major currency pairs. Records of the last FRS meeting exerted a pressure on Eur/Usd quotes. FRS stated that on coming December meeting it can consider QE3 cutting. Rumors about a probable introduction of negative rates coming from EuCB were also like oil in the flame. These both factors supported US dollar, whereupon EUR/USD dropped down to 1.3399. Positive PMI data in industrial sector and German IFO supported demand in Eur/Usd pair, which closed trading week at the point of 1.3556. From the one hand, positive statistics from the leading economy of Euro zone is positive for the united European currency, from another hand, the only Germany is not enough to drive European economy. Apart from the records of the FRS meetings, records of the last BoE meeting were published as well. British regulating authority stated that inflation will decline in the nearest months, whereas unemployment will on the contrary drop. It was also stated that increase in interest rates may not necessarily follow right after the target level is reached. Positive data on the balance of industrial orders by Confederation of British Industry also supported cable in pairs with Euro and USD. Gbp/Usd closed trading week at the point of 1.6225 closer and closer reaching high of 2013. Meeting of the Japanese CB did not give surprised to participants of the market. GDP decline in 3rd quarter in the rate of 1,9% per annum was marked by the JCB management as a temporary delay. Also it was stated that now it is too early to discuss the policy of leaving stimulus programs. Positive mindset of investors on Japanese stock exchanges encouraged bulls to take new highs. The week was closed by USD/JPY at the point of 101.27.

 

 

Forecast for the week 25 – 29 of November

[Volkov Yuriy]

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