Thread: Exness

GBPUSD: anticipation of a 1.7176 resistance level breakthrough

Buy on level breakthrough of 1.7176 with 1.7222 and 1.7296 targets. Stop loss = 1.7126.

Reason for the trading strategy.

Today at 08.30 GMT, the May statistics on the UK trade balance will be published, and at 11.00 GMT, we will learn the Bank of England's decision in relation to the country's monetary policy. It is expected that the rate will remain unchanged at 0.50% as well as the asset purchases program totaling 375 billion pounds sterling. The GBP/USD pair cannot rule out attempts to test the resistance levels of 1.7176 and 1.7222.

GBPUSD, H4



Source: Analytics from EXNESS

Forecast for the week of July 14, 2014 - July 18, 2014

For currency market players, the end of last week was marked by sharp growth in the USD/CAD pair amidst the publication of weak statistics for the Canadian labor market in June. This week the "Loonie" will probably test 1.0750 and 1.0800, considering the low probability that the Bank of Canada will raise the nation's key interest rate from its current level of 1.0%.


On Tuesday, July, 15 the British currency may break out of its two-week range of 1.7100-1.7175, sliding to 1.7050 if Great Britain's published inflation figures for June are weak. Meanwhile, the British pound's possible correction is worth using to open long positions in the expectation that Great Britain's labor market statistics, which will be published on Wednesday, will be strong.


The euro may experience the usual pressure this week from figures on industrial production, inflation, and the balance of payments in the Eurozone. In particular, if the region's current consumer inflation level remains at 0.5% (y/y) and the anticipated drop in industrial production remains at 1.2% (m/m), the euro may close below the support level of 1.3575 by the end of the week.


The behavior of the USD/JPY pair will be determined by a variety of macroeconomic statistics for the United States and Japan. If on Tuesday the Bank of Japan continues its ultra-soft monetary policy, we may see the USD/JPY pair climb to 101.70.


On Wednesday, June 16, figures from China may bolster the "Aussie" exchange rate, allowing the Australian dollar to test 0.9420. It is expected that in Q2 2014 the world's second largest economy will maintain GDP growth at 7.4% (y/y), accelerating its industrial production growth rate from 8.8% (y/y) to 9.0% (y/y).

Accuracy of EXNESS trading volumes is confirmed by an independent external auditor


Dear clients and partners,


In an effort to make EXNESS' activities even more transparent, we are starting to regularly publish detailed reports about our clients' trading volumes.


In order for our clients and partners to be certain of the accuracy of the information we provide, we have decided to have the trading volume data certified by the independent auditing company Meritorius Audit Limited, which is part of the MAP S.Platis Group — a leading professional consulting service provider in Europe's forex industry, that offers solutions in a wide range of financial services: licensing, financial auditing, risk management consultation, etc.


Please note that the document contains information about trades for the period from January to April 2014, inclusive.


Download information about EXNESS trading volumes from January 1, 2014 to April 30, 2014. The information has been certified by the auditing company Meritorius Audit Limited.

Client support at EXNESS becomes more accessible



In July EXNESS client support in Arabic, Indonesian, Malay, Tamil, Hindi, Urdu and Bengali became available 24 hours a day from Monday to Friday (Sunday 11:00 p.m. – 11:00 p.m. Friday server time).

As a result, even more clients will now be able to get answers to their questions at any convenient for them time. EXNESS client support constantly ranks among the industry leaders in quality of client satisfaction. By now, support professionals offer consultations to traders in 13 languages.

You can get acquainted with the operation mode of EXNESS client support on the official website. You also can get a consultation by e-mail [email protected], Live chat (https://www.exness.com/livechat), or via multichannel phone +7 812 4548 812.

Forecast for the week July 21, 2014 - July 25, 2014

Financial market players will remember last week for its drastic aggravation of the world's geopolitical situation, which led to a sell off of global stock indices and currencies of developing economies.


This week pay attention to the statistics for housing sales in the US in the primary and secondary markets for the month of June. The problems in the US housing market that caused the global financial crisis have still not allowed the US Federal Reserve to begin a cycle of raising interest rates. Moreover, the US consumer price index's jump above the 2.1% mark (y/y) in June may cause substantial growth of the world's reserve currency on the forex market. Regarding the USD/JPY pair, after it tests the 101.00 mark, we expect it to rise to the level of 101.70.


The British pound may exhibit considerable volatility on June 23 when the Bank of England's minutes are published. If at the July 10th meeting of the Central Bank just one of the 9 members of the Bank of England's Monetary Policy Committee expressed his or her opposition to the current soft monetary policy in the country, then we may expect to see the pound climb right up to the level of 1.717.


On Thursday, July 24 information will be published on the Eurozone's business activity indices in manufacturing and services. We do not rule out a decrease in these figures given the continuing military actions in Ukraine. The IMF has already announced the negative impact that events in Ukraine have on the European region. Given a breakthrough of the support level of 1.3475, the EUR/USD pair may drop to the 1.3400 mark by the end of the week.


Additionally, the Reserve Bank of New Zealand will announce on Thursday its decision regarding the nation's key interest rate. If the rate rises by 25 bps to 3.50% annually, the NZDUSD pair may test the 0.8800 mark.

Global update of the Personal Area



Dear clients and partners,

We are pleased to inform you that changes have been made to your Personal Area. These changes will make your work more convenient and effective. EXNESS specialists are constantly working to improve all of the company's services, and these innovations are yet another step toward meeting our clients' needs.

One security type for your Personal Area

Each trading account previously had its own security type. Now the security type is the same for all of the accounts in your Personal Area.

You can find out what your current security type is and change it in your Personal Area settings.

Special agent links for partners

Because each partner may have multiple accounts opened in his or her Personal Area, we've simplified the use of agent links. They now have the form https://www.exness.com/a/XXXXXXXX, where "ХХХХХХХХ" - is a unique alpha-numeric combination that always begins with a Latin letter.

This link corresponds to a virtual account created in each Personal Area, into which partner commissions are paid for the transactions performed by the clients they've signed up; only internal transfers and withdrawals are available for this account.

If desired, you can have the partner commission credited to a particular trading account in your Personal Area. To do this, use an agent link formatted as follows: https://www.exness.com/a/%Account number%, where %Account number% is the number of your trading account. In this case, the partner commission for transactions performed by clients you've signed up will be credited directly to the account indicated in the link.

No active account in your Personal Area

Having an active account in the Personal Area (meaning one account was selected on which all subsequent operations were performed) caused some inconvenience for traders. We've improved the Personal Area: now when you make a deposit, send a request to withdraw funds, etc., you only need to select the trading account you want to use for the operation.

All your trading accounts in one Personal Area

Remember that on November 13, 2013 there was a global update of your Personal Area on www.exness.com. EXNESS specialists have unified the trading accounts of clients who have not signed in to their Personal Area on the EXNESS website since the change was introduced.

Account management has become faster and more convenient. You can visit https://www.exness.com/member/ to see for yourself the level of service at our company.

The first time you visit your Personal Area, use the password recovery form (https://www.exness.com/forgot_password). Use your email address as your username. Your Personal Area's security type and the required verification documents will be copied from whichever trading account you used to complete your last trading operation.

If you have any questions concerning your Personal Area or trading conditions at EXNESS, please contact technical support.

As always, we're trying to do everything we can for your convenience, and we hope to continue our mutually beneficial relationship!

Forecast for the week 28.07.2014 - 01.08.2014



A key event this week will be the US Federal Reserve's two-day meeting June 29-30. It is expected that the American regulatory body will again curtail the QE3 asset purchasing program from 35 billion USD to 25 billion USD. Even now, one may confidently predict that this program will be cut from 25 billion USD to 15 billion USD at the September 16-17 meeting of the Federal Open Market Committee, and QE3 will come to an end October 28-29 with a final reduction of 15 billion USD. It is likely that ending the asset purchasing program will increase long-term interest rates in the US, thereby bolstering the world's reserve currency.

Other significant events this week will be US GDP data for Q2 2014, US labor market statistics for the month of July, and the final figures for business activity indices in industry from such giants as China, Japan, Germany, Great Britain, the United States, and the Russian Federation for the month of July. Considering the EU's intention on July 29 to impose sanctions against the major energy companies of the Russian Federation, we expect a continued decline in European assets. The key EUR/USD pair may reach a support level of 1.3300 by the end of the week; GBP/USD may reach a level of 1.6900.

Yen exchange rates may manifest interesting behavior in the middle of the week. Despite a likely reduction in industrial production and consumer spending in Japan in the month of June, we do not rule out the possibility that the Japanese currency, acting as a protective asset, will strengthen against the US dollar amid the collapse of carry trade operations. We expect the USD/JPY pair to continue to consolidate in the range of 101.60-102.20.

Originally Posted by Exness

Client support at EXNESS becomes more accessible



In July EXNESS client support in Arabic, Indonesian, Malay, Tamil, Hindi, Urdu and Bengali became available 24 hours a day from Monday to Friday (Sunday 11:00 p.m. – 11:00 p.m. Friday server time).

You have the best technical support I have ever met. Nice for you that you pay attention to development the support, because for every trader it's really more than just importnat .. Online trading should include good service of a support and it's also one of the proofs that a company exists in reall world, not only virtual...

GBPUSD: under pressure due to the lower PMI in UK's manufacturing sector

Sell on a level breakthrough of 1.6810 with 1.6700 target. Stop loss = 1.6870.
Reason for the trading strategy.In July, the purchasing managers' PMI in the manufacturing sector in the UK came down from 57.2 p. to 55.4 p. The data indicate a likely slowing down in the future growth rates of industrial production in the country, reducing the transactional demand for the national currency.
GBPUSD, H4

Forecast for the week 04.08.2014 - 08.08.2014

According to last week's results, it became known about the July deceleration of business activity in the industrial sectors of the eurozone, Britain, Japan, which is probably due to the introduction of sanctions against Russia by these countries.

This week a meeting of the Reserve Bank of Australia, the ECB and the Bank of England was held. It is expected that the regulators will keep key interest rates at the levels of 2.50%, 0.15% and 0.50%, respectively. The data on the labor market in Australia may put pressure on the Aussie on Thursday, which may cause the Australian to test the 0.9250 mark. The single European currency could once again come down to the 1.3365 level, if the statistics on industrial output in the 3 largest eurozone economies - Germany, France and Italy, as well as the June data on retail sales in the euro zone will be worse than expected. In the case of the projected decline from 2.3% to 1.5% in annual growth rates of industrial production in the UK, the pound may be testing the 1.6750 mark.

During the week, the USD/JPY pair is likely to continue to consolidate itself in the range of 102.20 -103.00 against the background of the weak July data for the labor market in the United States, which has intensified the uncertainty of the time-frame for increasing the key interest rates in this country.