FreshForex broker

[Volkov Yuriy]

«FreshForex» prolongs "Spreads in half" promotion

http://gifok.net/images/2013/11/29/VkA0h.jpg

 

Dear Clients!

 

By your popular demands, "Freshforex" company prolongs a favorite bonus of traders "Spread in half" till 31st of January, 2014

Connect your trading account to "Spreads in half " bonus and get the highest spread rebate in the Forex market. Choose what's better for you:

 

• 5 USD for each trading lot on profit trades.

• 10 USD for each trading lot on loss trades.

 

Bonus advantages have been already appreciated by more than thousand of traders. Join us! You can start using promotion, as well as get acquainted with other profitable bonus offers for traders on our website in the "Promotions and bonuses" section.

 

Wish you successful trading!

“FreshForex” - a fresh view on money

[Volkov Yuriy]

“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/netcat_files/Image/eurusd,%20m(11).jpg

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[Volkov Yuriy]

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.

Read the Forecast

[NatlieFr]

Now clients of “FreshForex” can use PayPal to replenish accounts!

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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.

[Volkov Yuriy]

Get $30 for an article about Forex!

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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.

[Volkov Yuriy]

How clients of “FreshForex” company traded in November?

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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.

[Volkov Yuriy]

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.

 

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[Volkov Yuriy]

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.

 

 

Forecast for the week 9 – 13 of December

[Volkov Yuriy]

“New Year Money Bag” from “FreshForex” company!

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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

[Volkov Yuriy]

Australian still stands off Euro and Pound

EUR/USD

 

Monthly chart: Area of 1.3859 will be repeatedly tested (upper Bollinger Band), further to which bulls either start attacking 1.4260 or will roll to the medium band (1.3121, marked by red arrow).

 

Weekly chart: here, 1.4260 level seems like a verdict. The question is only in the direction of movement – whether it will be direct or through rollback to the medium band. So far, a more located support – in this case 1.3442 – does not allow to rely upon a deep movement to 1.3121.

 

Daily chart: an even closer level of potential demand is 1.3601. Most likely that 1.3859 will be broken exactly after touching this very area.

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[Volkov Yuriy]

Spotlight on the Fed reserve meeting

Review of the past week

 

 

The past week on the Forex market was not very notable in terms of macroeconomic statistics. According to the week's results, united European currency managed to consolidate its positions a little, despite weak European stats. Industrial output decreased by 1.1% over the month, which is the lowest value from October, 2012 and indicates problems of the European manufacturing. On Thursday, 12th, in the US report on retails was published. The volume of retail grew by 0.7% which says about good paces of growth, because consumer expenses play a very important role in the US GDP. Though USD consolidation against its main competitor was moderate and trading week was closed by it on the point of 1.3741.

 

 

In the beginning of the past week, GBP/USD quatations have been moderately growing. On Monday 9, BoE Governor Mark Carney stated that British economy allows optimistic estimations and now it is difficult to find the reason of deteriorating of a potential upsurge in the economy. Such positive comments encouraged British currency to set a fresh year high at the point of 1.6464. However the fuel for growth expired at this point and bears entered the game. British economy provided a mixed news background: manufacture grew for 0.4%, whereas visible trade balance sheet was rather worse than the medium line of forecasts. Strong retails stats from the USA poured oil on the fire as well as the positive dynamics of Eur/Gbp.

 

 

Trading week was closed by Gbp/Usd pair below 63 figure, at the point of 1.6295. Japan provided negative macroeconomic stats. Total GDP estimation for the 3rd quarter showed reduce by 0.5%. Also it is necessary to underline weak data on business index for big manufacturers BSI, which demonstrated drop in 5.5 points against the previous quarter. In case of further deterioration, one can expect additional softening of monetary policy by Japan that will instigate one more wave of Usd/Jpy growth. Further to publication of a strong report on the US retail, USD/JPY quotes went up and established a fresh year high at the point of 103.91. After that, bulls decided to fix profit and trading week was closed by the pair at the point of 103.24.

 

 

Forecast for the week December 16 – 20

[Volkov Yuriy]

Company work schedule during the holidays

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Dear clients!

Please be informed about changes in the work schedule of "FreshForex" company's during the holidays.

Changes in the trade schedule:

• 04.12.2013 (Tuesday) - early closing of trade at 8:00 p.m. EET *.

• 25.12.2013 (Wednesday) - trade is closed.

• 26.12.2013 (Thursday) - trade starts at 01:00 EET. CFD on futures - trade is closed.

• 31.12.2013 (Tuesday) - early closing at 4:00 p.m. EET

• 01.01.2014 (Wednesday) - trade is closed.

• 02.01.2014 (Thursday) - the beginning of trading at 01:00 a.m. EET. CFD on futures - opening at 2:00 EET p.m.

* EET - Eastern European Time corresponding to GMT +2 in winter and GMT +3 in summer (time of the company's trading company server).

We remind you that due to low liquidity and high volatility of the market during the holidays, opening of positions incurs an increased risk, so please keep your margin above 200% and protect your positions with Stop orders.

Also, from 24 December 2013 to 3 January 2014, the company's trading conditions may be altered according to regulatory documents of the company (increase of spread, increase of order setting levels, restrictions for trading with certain instruments etc.).

Schedule of customer support service and finance department:

December 31, a short working day - 3:00 a.m. to 10:00 a.m. GMT.

1, 2, 4, 5, 7 of January are the weekends.

3 and 6 of January are short working days - from 8:00 a.m. to 12:00 noon GMT. Please note that from 1 through 8 of January 2014, money transfer can only be made by electronic payment system.

From January 8, the company will work in a regular mode. If you have a question, please contact Customer Support Service or your personal manager.

«Freshforex» company wishes you Happy New Year and Merry Cristmas! May joy and success attend you in the New Year!

[Volkov Yuriy]

Currency market is off-side

Review of the past week

 

 

The past week on the Forex market was very interesting in terms of events. On Wednesday's evening, Fed Reserve declared about start of seizure of QE3 stimulative program. Chief of the US regulator Ben Bernanke stated on the press-conference that indices of the labor market and GDP are rather optimistic, whereas inflation is scarcely amendable to control, FRS will closely watch this figure. It was also stated that on its next meeting in Jan 2014 the Federal Open Money Committee will consider the issue about tapering of its buying program.

 

 

This step taken by FRS was reflected by major currency pairs by moving into both sides, further to which US currency consolidated. Leading stock exchanges responded to this statement by growth of their quotations. This rally encourages bulls a lot when it came to Usd/Jpy pair and a new year high was reached.

 

 

British stats continues to encourage investors. This time market participants received a positive report on unemployment level, which reduced by 0.2% down to the level of 7.4%. In contrast to euro, the pound finished the week with a slight growth.

 

 

On the last trading day of the past week, Japanese CB's meeting took place. As it was expected by market participants, the volume of bond buying remained as it used to be. Regulator declared that it is ready to adjust its monetary policy whenever necessary. And one can expect that this necessity can arise in 2014, which will lead to further weakening of the Japanese currency.

 

 

Forecast for the week December 23 – 27

[Volkov Yuriy]

"FreshForex" company wishes you a Merry Christmas!

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Dear Clients!

 

"FreshForex" company wishes you a Merry Christmas and Happy New Year! May joy and success attend you! Let your life and financial indicators only increase! And to make the holidays even more memorable, we invite you to take part in our Christmas campaign "New Year Money Bag."

 

"New year money bag” is a big drawing, which Fresh Frost prepared for you. Trade actively during ecember and gain one of three tickets to enroll the drawing of cash prizes from "FreshForex". Detailed information about the promotion conditions can be found right now on our website's "Promotions and Bonuses" section.

 

Also we suggest you to have a look at changes in holiday's schedule of "FreshForex" company.

[Volkov Yuriy]

New design of the “Fresh Forecast” pages

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Dear clients!

We are glad to inform you that we have updated design of the “Fresh Forecast” pages. You can evaluate changes and try a more convenient format of this familiar service right now by clicking on any of the six types of forecast.

 

We remind you that “Fresh Forecast” is up-to-date and fresh forecast represented in a daily and weekly format. Six types of market reviews from the best experts of “FreshForex” company will help you to be prepared for any movements of the market.

 

Choose your type of forecast and rely on it for a more profitable trading!

[Volkov Yuriy]

5 days are left to the drawing of 30 000$!

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Dear traders!

 

We are hasten to let you know that 5 days are left to the drawing of New Year money prize - 30 000$ - from “FreshForex” company!

 

Let us remind you that the company prepared unparalleled promotion for its clients - “New Year Money Bag”. 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$!

Be on time to take part in the “New Year Money Bag” promo and get your happy ticket in this big New Year drawing!

 

Winning numbers of tickets will be selected on a random basis among all participants on December 30 of 2013 year at 8.00 am GMT.

 

More than 30 traders will become happy owners of money prize.

Do not miss your chance! Please learn detailed terms of the promotion.

Edited December 27, 2013 by Volkov Yuriy

[Volkov Yuriy]

Enter New Year with a reliable protection of deposit!

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Dear traders!

 

December 31 is not only the last date of the year, but also of the “Insurance against Stop Out” promo. However, Fresh Frost has prepared one more gift for traders!

By numerous requests of clients as well as in the honor of coming New Year, Fresh Frost extends a popular promotion till March 31 of 2014 year!

 

“Insurance against Stop Out” is a reliable protection of your deposit against failing trades. Just switch your account to the promo and get up to 100% from replenishment amount on the event of Stop Out.

You may always consult our support service about any question either contact your personal manager.

Please study terms of the promotion.

 

Wish you Happy coming New year and successful trading!

[NatlieFr]

Marathon of promotions goes on!

 

Dear Forum members!

 

"FreshForex" continues marathon of its promotions! This time company is glad to encourage its clients with extending its unique bonus program "33 x 3" till March 31 of 2014 year!

 

Over the next year, trade in Non-Stop format with 33% bonus for each replenishment of account and get following advantages:

33% to protection against drawdown;

33% to increase of your volume;

33% to bonus amount you can withdraw.

 

Wish you great volumes and safe curves on the road of trading in the New Year!

[Volkov Yuriy]

Weekly sketches for 3 pairs

EUR/USD

 

 

Monthly chart: ADX is close to the point "30", wherein a main trend potential of price movement starts to be manifested. Thus, taking into account a new high reached by bulls, we assume that on completion of a descending swing, Euro uptrend will go on with the same target as earlier at 1.4260.

Weekly chart: closeness of two supportive points 1.3508 and 1.3298. One of them is supposed to provide a strong demand in European currency. Any break of uptrend can only be considered below 1.3107.

Daily chart: here we see a well-formed Over&Under, thus, a main plan would be a deep rollback to 1.3298. Entrance area into sales on this setup is 1.38.

http://s2.ipicture.ru/uploads/20140109/3C25vCS7.jpg

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[Volkov Yuriy]

How clients of “FreshForex” company traded in December?

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Dear traders!

 

We suggest you to learn about basic figures of December trading in "FreshForex" .

 

Of course, the main event of December was the Federal Reserve's decision on start of tapering U.S. QUE3 program. The U.S. regulator said that the US economic indicators are optimistic and now it is the right time to start minimizing stimulativemeasures. This background allowed USD to regain some positions lost as compared to its European rival. But after Christmas all positions were lost - on the "thin market" bulls actively bought EUR/USD and reached a fresh year high.

 

British currency continued to bring surprises to investors in December. Positive labor market report showed reduction of the unemployment level to 7.4% and encouraged investors to open new long positions. The UK economy continues to a confident recover and we can expect that the UK will be the first developed economy in the world, which will decide to raise discount rate2008 after the financial crisis. Positive news background pushed GBP/USD up and the British pound is very close now to its maximum for the last 3 years. Do not fall behind their colleagues and USD JPY, which also install a fresh yearly high in December.

Japan released good reports on inflation and retail, but YEN consolidation has not followed it. Its growth is constrained by the incentive program of the BoJ.

 

Below we offer you to have a look at the results of “FreshForex” clients trading in December:

 

Relation between profitable and loss-making trades:

Percentage of profitable trades exceeded percentage of loss-making trades and amounted to 68%.

 

Highest income per month:

Amounted to 3455% of deposit.

 

The most active client, number of trades per month:

The most active client conducted 16822 trades.

 

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

[Volkov Yuriy]

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.

 

 

Forecast for the week January 13 – 17

[xshot007]

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

 

Hi..thank you for opening freshforex official thread. I hope i will gain a lot of information about your broker.

[xshot007]

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.

 

 

Forecast for the week January 13 – 17

 

Thank's alot for share weekly market analysis. I think your analysis is more accurate than others.

[Volkov Yuriy]

Launch of on-line chat on the English web-site

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Dear traders!

 

Increased attention and special care of each our client has always been a main advantage of “FreshForex” support service.

We value the time of our clients and have launched on-line chat of client support service for a prompt settlement of clients' issues. Now it is even easier to contact our support service!

 

During working time of the company you can in a matter of minutes solve current issues, get advice on deposit and withdrawal matters as well as to get essential information on trading terms of the company and its promotions.*

 

To proceed with on-line chat, click the button in the upper right corner of the web-site.

[Volkov Yuriy]

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.