Thread: Exness

Originally Posted by Exness

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

Yeah! I was my best order. I've took 56 pips on this price movement. Thanks to your analytics, it seems that I will use it more.

EURUSD: consolidation before the ECB's conference

Sell on a level breakthrough of 1.3335 with 1.3250 target. Stop loss = 1.3385.

Reason for the trading strategy.

Today, the ECB will decide on the key interest rate in the Eurozone. It is expected that the rate will remain unchanged at the historically low level of 0.15%. However, in M.Dragi's accompanying speech we may find out about the new measures to stimulate the European economy through the LTRO's operations, which will put pressure on the euro.

EURUSD, H4

Forecast for the week August 11, 2014 - August 15, 2014

In the near future we expect a number of macroeconomic parameters in the Eurozone to deteriorate after the Russian Federation introduces retaliatory sanctions on the EU. This week watch the final estimate of the consumer price index in the Eurozone for the month of July. CPI is expected to be 0.4% (y/y) for the reporting period, reflecting the development of deflationary processes in the Eurozone. Furthermore, the Euro may experience pressure from the likely slowdown of GDP growth rates in the Eurozone in Q2 2014 from 0.9% (y/y) to 0.7% (y/y), and of industrial production from 0.5% (y/y) to 0.1% (y/y). We do not rule out the possibility that the Euro may fall to the level of 1.3300 by the end of the week.

This week the British currency will account for unemployment figures and the Bank of England's quarterly report about inflation in the country. We don't anticipate any changes to the previous estimate of Great Britain's GDP for Q2 2014. We believe that, by the end of the week, the pound will test this summer's lows in the region of the 1.6700 mark.

The USD/JPY pair will probably continue to consolidate in the range of 101.50-102.50. The world's reserve currency may be bolstered by July's figures for industrial production and retail sales in the US, while the yen may receive support from information about Japan's GDP for Q2 2014, and the ongoing geopolitical conflicts in Iraq and Ukraine.

The wedding season approaching in India will support the gold prices

Buy on rebound from 1305 level with 1322 target. Stop loss = 1290.

Reason for the trading strategy.

After the Friday's fall, the yield on 10-year US government bonds rose from 2.36% to 2.42%, which put pressure on the gold prices.
Meanwhile, the approaching wedding season in India, which is the largest consumer of the precious metals, is able to provide medium-term support for gold.

GOLD, H4

Growth of geopolitical tensions has increased gold's volatility

Buy on rebound from 1295 level with 1305 and 1322 targets. Stop loss = 1280.

Reason for the trading strategy.

Last Friday, there was a significant increase in demand for the American 10-year government bonds against the background of rumors of Russian armored vehicles entering the territory of Ukraine. Although the information has not been confirmed, it was enough for the bond yields to fall to 2.30%, causing a sell-off of the riskier assets, including gold.

GOLD, H4

Forecast for the week August 18, 2014 - August 22, 2014



This week, attention should be paid to the publication of the minutes from the last US Federal Reserve meeting, as well as the meeting of representatives of central banks and leading economists at the annual symposium at Jackson Hole. At the time, Ben Bernanke and Alan Greenspan used the annual meeting in Wyoming as a platform for important announcements. This year, a possible comment made by Janet Yellen concerning the terms of increase in key interest rates in the United States, may trigger the curtailing of the carry trade operations in global financial markets.

Tuesday to Thursday, the July statistics on consumer inflation, as well as the data on home sales in the United States will be released. Against the background of the expected consolidation of the world's reserve currency, we do not exclude the EURUSD pair falling to the support level of 1.3335.

In the light of the soft statements coming from the Bank of England, involving an interest rate rise in the UK, only in Q1 of 2015, on Tuesday, buyers of the British currency will be closely monitoring the inflation rates in the country, especially the consumer price index. On Wednesday and Thursday, the volatility of the pound strengthened against the background of the release of the Bank of England's August meeting minutes, as well as the July data on retail sales in the UK. During the week, a consolidation of the pound range 1.6650-1.6750 is expected.

August 21 will be a landmark day for the commodity currencies. On this day, HSBC and Markit will submit a preliminary report for this month on the index of business activity in China's manufacturing sector. In the case of the growth rate above 52 p., the AUD / USD and NZD / USD pairs are likely to test the levels of 0.9370 and 0.8550, respectively.

Audit company confirms accuracy of EXNESS trading volumes for May-July 2014

Dear clients and partners,

We are pleased to inform you that in August 2014 EXNESS continues to publish detailed reports about its trading volumes, which have been certified by an independent external auditor.

EXNESS specialists are confident that this new standard for providing reliable financial information will contribute to more open and transparent business relationships on the forex market.

As before, the trading volume data was certified by the independent audit company Meritorius Audit Limited, which is part of the MAP S.Platis Group — one of the leaders in professional consultancy services in Europe's forex industry, offering solutions in a wide range of financial services: licensing, financial auditing, risk management consulting, etc.

The provided report contains information about trading in the period from May to July 2014, inclusive.

Download information about EXNESS trading volumes from 05/01/2014 to 07/30/2014, which have been certified by the audit company Meritorius Audit Limited.

Forecast for the week of 08.25.2014-08.29.2014



Last week's speech by J. Yellen at Jackson Hole provided substantial support to the world's reserve currency in the FOREX market. The Chairman of the Federal Reserve said that in the event of a further improvement in the US labor market or a more rapid rise in inflation, an increase in the federal funds rate may happen sooner than it is expected by the FOMC now.

This week, pay attention to the August CPI in the euro zone. According to a number of forecasts, annual growth for this indicator can slow from 0.4% to 0.1%, which would require the ECB to further expand monetary stimulus in the euro zone. By the end of the week the EUR/USD pair may be reduced to the level of 1.3100

On Tuesday, British currency buyers will closely monitor the statistics on the number of permits issued for mortgage lending in the UK. In case of a July decrease of this index below 43.3 thousand, the pound may test the level of 1.6500. On the same day an unpleasant surprise lies in wait for buyers of the Kiwi. In case of the projected decline from 247 million to (-475 million) of New Zealand's trade balance in July, the NZDUSD pair risks falling back to its 0.8350 low of last week.

The USDJPY pair may rise to the level of 105.00 if the 104.20 high is renewed. American currency can be helped by data on the number of new home sales and the volume of orders for durable goods in the United States. We believe that the second estimate of the US GDP for the 2nd quarter of 2014 published on Thursday will not cause significant resonance in dollar assets.

EXNESS invites you to participate in a webinar entitled «How to benefit from bullish or bearish trends»



EXNESS and the international agency Trading Central have been hosting world-class training webinars since May 2014. A new webinar, in which Clément Hirson will talk about how traders can earn money from bullish and bearish trends, will be held September 9, 2014.

Clément Hirson is a senior technical analyst at TRADING CENTRAL. He is in charge of the indices, equities and ETF for US and LATAM institutional buyside clients. Mr. Hirson received his Master degree of finance from the ESG Management School. He has over five years trading experience.

In the webinar, Clément Hirson will briefly discuss the basics of technical analysis, how to identify trends and figures, as well as provide concrete examples of trading strategies and real market situations. The "How to benefit from bullish or bearish trends" webinar will be held Tuesday, September 9, 2014, at 08:00 GMT +0. You can register for the webinar for free using the following link.

The number of participants is limited!

Originally Posted by Exness

EXNESS invites you to participate in a webinar entitled «How to benefit from bullish or bearish trends»



EXNESS and the international agency Trading Central have been hosting world-class training webinars since May 2014. A new webinar, in which Clément Hirson will talk about how traders can earn money from bullish and bearish trends, will be held September 9, 2014.

Clément Hirson is a senior technical analyst at TRADING CENTRAL. He is in charge of the indices, equities and ETF for US and LATAM institutional buyside clients. Mr. Hirson received his Master degree of finance from the ESG Management School. He has over five years trading experience.

In the webinar, Clément Hirson will briefly discuss the basics of technical analysis, how to identify trends and figures, as well as provide concrete examples of trading strategies and real market situations. The "How to benefit from bullish or bearish trends" webinar will be held Tuesday, September 9, 2014, at 08:00 GMT +0. You can register for the webinar for free using the following link.

The number of participants is limited!

Are you going to make any reminder before a webinar for participants?? I'am afraid I would forget about it....