Testing

Daily Forex Market Preview, 31/08/2016 The US dollar saw renewed buying momentum yesterday as the y

Testing
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Usman
Forex News

FXCM, Leucadia Amend Terms of Rescue Package

FXCM Inc. has won an extra year to pay back its rescue package from Leucadia National Corp., giving the foreign-exchange broker more time to pursue asset sales. Leucadia, the parent of Jefferies Group LLC, agreed in January 2015 to invest $300 million in FXCM following its troubles when the...
FXCM, Leucadia Amend Terms of Rescue Package
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Usman
Forex News

US dollar likely to take a breather ahead of further gains

Daily Forex Market Preview, 31/08/2016
The US dollar saw renewed buying momentum yesterday as the yen fell sharply, sending USDJPY higher on the day while EURUSD posted strong declines. Ahead of Friday’s payrolls report and tomorrow’s ISM manufacturing data, the US dollar index could remain tra...
US dollar likely to take a breather ahead of further gains
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Usman
Forex News

Intraday technicals point to a short-term correction

Orbex Daily Forex Market Preview, 30/08/2016
July’s PCE and consumer spending data came out mostly in line with estimates which managed to keep the dollar supported from Friday’s Jackson Hole rally. However, the technicals on the intraday charts point to a near term correction in prices, which co...
Intraday technicals point to a short-term correction
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Usman
Forex News

US dollar likely to ease back from Friday’s gains

Daily Forex Market Preview, 29/08/2016
The US dollar posted strong gains on Friday in what was mostly a volatile and a mixed reaction. By Friday’s close, the US dollar managed to close bullish, but that strong momentum is likely to fade in the near term. Today’s main event risk is the monthly PCE...
US dollar likely to ease back from Friday’s gains
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Usman
Forex News

US dollar looks bullish. Gold prices could test 1300 on Yellen’s speech

Daily Forex Market Preview, 26/08/2016
The technical outlook for the US dollar, hints to a near-term bullish strength, validated by the bearish outlook in gold, GBPUSD, and EURUSD. While USDJPY has been trading flat, we could expect the price to test 102 and 104 in the near term. Today’s...
US dollar looks bullish. Gold prices could test 1300 on Yellen’s speech
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Usman
Forex News

USDJPY's flat price action warns of a strong breakout in the making

Daily Forex Market Preview, 25/08/2016
USDJPY has been caught within the inside bar range for nearly 6 straight days and is indicative of a strong breakout in the making. With traders preparing for Friday’s speech by Janet Yellen, it could very well be the catalyst needed for USDJPY....
USDJPY's flat price action warns of a strong breakout in the making
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Usman
Forex News

Euro fails to keep gains, 1.120 support could be tested

Daily Forex Market Preview, 24/08/2016
The US dollar was seen making attempts to recover some of its losses like yesterday’s new home sales data posted a solid month of growth. However, a strong recovery is questionable ahead of the other important events coming up later in the week. More i...
Euro fails to keep gains, 1.120 support could be tested
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Usman
Forex News

US dollar fails to keep gains, EURUSD recovers

Daily Forex Market Preview, 23/08/2016
Despite a strong opening yesterday, the US dollar failed to keep the momentum going, giving back some of the gains from earlier in the day. Lack of economic data yesterday also kept the markets flat for the most part. The subdued price action is likely to...
US dollar fails to keep gains, EURUSD recovers
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Usman
Forex News

Dollar posts modest gains in Asia, ahead of a slow trading day

Daily Forex Market Preview, 22/08/2016
The US dollar index was seen trading stronger earlier this morning in the Asian session boosted by hawkish comments from Fed members last week and vice-president Fischer on Sunday. The day ahead is quiet with no major releases on the tap with prices likely...
Dollar posts modest gains in Asia, ahead of a slow trading day
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Usman
Forex News

Dollar turns weaker as investors eye FOMC minutes

Daily Forex Market Preview, 17/08/2016
The ICE Futures US dollar index fell over 0.87% yesterday with the declines gaining traction following weak consumer inflation report. EURUSD surged to test 1.130 while USDJPY fell to 100.00 but prices were rejected towards the end of the day. The markets...
Dollar turns weaker as investors eye FOMC minutes
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Usman
Forex News

EURUSD stays in range ahead of US inflation and housing data

Daily Forex Market Preview, 16/08/2016
EURUSD remained to trade in a range with prices seen re-testing 1.120 handle earlier today. Today’s US consumer inflation report and US building permits and housing starts will be the key events that could shape the near-term bias. Gold prices were...
EURUSD stays in range ahead of US inflation and housing data
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Usman
Forex News

US dollar seen posting gains, but remains questionable

Daily Forex Market Preview, 12/08/2016
The US dollar index managed to close bullish yesterday, forming an inside bar in the process. A break out from this level could signal further gains or declines, with the bias staying neutral for the moment. Gold prices were seen retesting the $1350 handle,...
US dollar seen posting gains, but remains questionable
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Usman
Forex News

US dollar turns weak, but this could be the pullback

Daily Forex Market Preview, 10/08/2016
The US dollar turned weaker for the second day after just last week price posted a strong rally led by Friday’s payrolls report. Earlier this week, we noted that the dollar could be posting a pullback and the current declines could be just that, but...
US dollar turns weak, but this could be the pullback
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Usman
Forex News

Dollar keeps gains but markets seen flat

Daily Forex Market Preview, 09/08/2016
The US dollar managed to maintain its gains from Friday, but price action on Monday was limited with a lack of any major scheduled events. Still, the bias remains in favor of the US dollar, although there is potential for prices to post a minor correction....
Dollar keeps gains but markets seen flat
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Usman
Forex News

US dollar gains on Friday’s payrolls. Watch for a pullback to the rally

Daily Forex Market Preview, 08/08/2016
The US dollar is likely to extend its gains after Friday’s payrolls report. The economic data remains light today with no major releases in sight. Expect to see a minor pullback in the US dollar before the rally from last Friday resumes. USDJPY is likely to ...
US dollar gains on Friday’s payrolls. Watch for a pullback to the rally
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Usman
Forex News

Markets await NFP. Gold prices risk a correction

Daily Forex Market Preview, 05/08/2016
July’s nonfarm payrolls report will be the main calendar event to watch for today. A positive beat on expectations will most likely induce dollar buying putting the recent rally in USD crosses at the risk of a correction. Gold prices recovered their losses f...
Markets await NFP. Gold prices risk a correction
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Usman
Forex News

Big day for the British pound

Daily Forex Market Preview, 04/08/2016
The Bank of England’s monetary policy meeting today will be the big event as the markets brace for a rate cut. What will determine the price action in GBPUSD will be how much the BoE can loosen monetary policy, which if disappoints could see a strong short s...
Big day for the British pound
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Usman
Forex News

EURUSD at 1.120 resistance, awaits NFP

Daily Forex Market Preview, 03/08/2016
The euro picked up steam yesterday after the dollar weakened following the unimpressive fiscal stimulus package from Shinzo Abe and the lackluster inflation data in the US. With the rally to 1.120 now complete, EURUSD is likely to sit back and await this...
EURUSD at 1.120 resistance, awaits NFP
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Usman
Forex News

EURUSD maintains sideways pattern

Daily Forex Market Preview, 02/08/2016
The euro continues to trade flat against the dollar with 4-hour sessions shows prices forming multiple inside bars. Japan is expected to announce plans for its proposed fiscal stimulus spending, which could cause a knee-jerk reaction in the markets. For the...
EURUSD maintains sideways pattern
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Usman
Forex News

Major currencies at key support/resistance levels

Daily Forex Market Preview, 01/08/2016
The US dollar fell sharply on Friday after the Q2 GDP data showed that the US economy grew only 1.20%, much less than the forecast of 2.60%. With the markets not convinced about a Fed rate hike in September, the USD crosses jumped including gold, which rose...
Major currencies at key support/resistance levels
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Usman
Forex News

Generalized Forex Forecast for 01 – 05 August 2016

First, a review of last week’s forecast:
– as to EUR/USD one alternative forecast suggested that the pair would move in a sideways channel with the support of 0.9550 and the pivot point of 1.1000. The United States Federal Reserve Interest Rate Decision and the corresponding statements, due to be...
Generalized Forex Forecast for 01 – 05 August 2016
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Usman
Forex News

USDJPY could test 102 support

Daily Forex Market Preview, 29/07/2016
The Japanese yen strengthened sharply this morning after the BoJ’s policy fell short of market expectations. With USDJPY trading near the support zone, the declines are limited to 102 lows. Later this afternoon, the US advance GDP estimate is due which c...
USDJPY could test 102 support
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Usman
Forex News

FOMC hangover to prevail, dollar pulls back

Daily Forex Market Preview, 28/07/2016
The US dollar weakened yesterday after the release of the FOMC statement which saw the Fed keep its outlook intact from June. Despite a minor rally, the dollar soon gave back its gains. Expect a near term weakness in the US dollar which should see the euro...
FOMC hangover to prevail, dollar pulls back
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Usman
Forex News

UK advance GDP, FOMC, key market movers today

Daily Forex Market Preview, 27/07/2016
After a rather flat two days with no main fundamentals to go by, the markets will be looking to a busy day with the European session focusing on the UK’s Q2 GDP number while later in the day, the NY session will see the release of the FOMC statement which o...
UK advance GDP, FOMC, key market movers today
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Usman
Forex News

USDJPY trims gains. Support seen at 104 - 103

Daily Forex Market Preview, 26/07/2016
A fairly quiet Monday saw USDJPY retreating from its recent highs ahead of the big events this week. USDJPY has retraced its gains and now trades just above the support level of 104. The markets look to another slow day today with no major events on the...
USDJPY trims gains. Support seen at 104 - 103
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Usman
Forex News

Dollar supported, heading into FOMC

Daily Forex Market Preview, 25/07/2016
A quiet economic calendar today ahead of the FOMC and BoJ meetings this week could keep prices fairly flat. The US dollar looks well supported moving into the FOMC meeting first which could keep the euro subdued. But with price consolidating within the...
Dollar supported, heading into FOMC
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Usman
Forex News

Generalized Forex Forecast for 25 – 29 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the majority of experts believed that the pair would continue moving in a sideways channel. This prediction may be deemed as panned out, if we consider the month range of 1.0970–1.1180, at which the pair appeared to stall after Brexit. Wi...
Generalized Forex Forecast for 25 – 29 July 2016
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Usman
Forex News

Generalized Forex Forecast for 18 – 22 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the forecast for this pair may be considered only partly fulfilled – the experts reckoned that the pair would move in a sideways channel, but only after its sliding down, as a result of which the level of 1.1050 should act as the resis...
Generalized Forex Forecast for 18 – 22 July 2016
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Usman
Forex News

EURUSD remains supported above 1.110

Daily Forex Market Preview, 15/07/2016
The Bank of England’s decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus. EURUSD’s price remains broadly flat but with the 1.110 resistance being cleared; we could expect to see an e...
EURUSD remains supported above 1.110
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Usman
Forex News

BoE weighs on GBP. EURUSD could pop to 1.120

Daily Forex Market Preview, 14/07/2016
The British pound is likely to come under pressure today as the Bank of England is expected to cut interest rates by 25bps, a close call which could go either way. GBPUSD remains supported above 1.30 for now. EURUSD has formed an inverse head and shoulders...
BoE weighs on GBP. EURUSD could pop to 1.120
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Usman
Forex News

US dollar expected to trade within 102 - 105

Daily Forex Market Preview, 13/07/2016
GBPUSD and the USDJPY rallied yesterday, breaching $1.32 and 104Yen respectively as noted in yesterday’s commentary. Price action is likely to pause in the near term as investors wait for more clues. USDJPY is seen trading within 102 – 105 levels, while GBP...
US dollar expected to trade within 102 - 105
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Usman
Forex News

GBPUSD moving closer to test 1.32. USDJPY aiming for 104

Daily Forex Market Preview, 12/07/2016
Political developments in Japan and the UK saw the respective currencies react in the positive. While the GBP managed to close bullish on news that Theresa May is likely to be the new PM, the Japan elections have boosted hopes for fiscal stimulus and...
GBPUSD moving closer to test 1.32. USDJPY aiming for 104
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Usman
Forex News

GBPUSD could retrace to 1.32 ahead of an important week

Daily Forex Market Preview, 11/07/2016
GBPUSD is likely to see a retracement back to 1.32 level ahead of the inflation report hearing and the BoE meeting this week. The falling wedge pattern on the 4-hour chart is indicative of a short term correction to the upside with 1.32 level in focus...
GBPUSD could retrace to 1.32 ahead of an important week
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Usman
Forex News

Generalized Forex Forecast for 11 – 15 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the forecast for this pair may be considered as 100% fulfilled. As a reminder, based on the readings of the graphical analysis a sideways trend within the range of 1.1035–1.1180 was indicated as the main scenario. Indeed, the pair was keep...
Generalized Forex Forecast for 11 – 15 July 2016
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Usman
Forex News

June 2016: TOP 10 Trading Signals Viewed by Analyst of NordFX

We continue posting ratings of MQL5 trading signals, which you can easily subscribe to using the tab ‘Signals’ at the bottom of terminals МТ4 and МТ5. As a reminder, this service is a very effective substitute of your own trading – manually or with the help of the advisors. The main difficu...
June 2016: TOP 10 Trading Signals Viewed by Analyst of NordFX
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Usman
Forex News

GBPUSD could test 1.32 on the descending wedge

Daily Forex Market Preview, 08/07/2016
Markets were trading cautiously yesterday after the initial positive sentiment flipped led by declines in Oil. ADP payrolls report yesterday showed 172k jobs being added to a better than expected jobless claims as well, feeding the optimism into...
GBPUSD could test 1.32 on the descending wedge
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Usman
Forex News

USDJPY aiming for 102 followed by 105

Daily Forex Market Preview, 07/07/2016
The US dollar gave back most of its gains yesterday, but price action is likely to be supported to the upside in the near term. While the euro remains caught within 1.115 levels, the bias is increasingly turning bearish. For the USDJPY, early price action...
USDJPY aiming for 102 followed by 105
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Usman
Forex News

EURUSD eyes 1.07 on a breakout below 1.10

Daily Forex Market Preview, 06/07/2016
Risk aversion resumed after the US returned from holiday with investor sentiment turning sour after a third real estate fund suspended trading after an increase in investor redemptions. Sterling slumped as expected, fueled by BoE lowering capital buffer...
EURUSD eyes 1.07 on a breakout below 1.10
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Usman
Forex News

EURUSD likely to test 1.110 for support

Daily Forex Market Preview, 05/07/2016
EURUSD is retesting the 1.110 level for support ahead of what could be the next leg up to test the 1.120 level. USDJPY has turned bearish and is seen paring gains with support at 102, a break below which could accelerate further declines. Gold prices remain...
EURUSD likely to test 1.110 for support
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Usman
Forex News

Gold hits 1350 as expected

Daily Forex Market Preview, 04/07/2016
Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the 1350 handle which could keep gold testing 1371.90. EURUSD is also inching higher having cleared 1.110...
Gold hits 1350 as expected
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Usman
Forex News

Generalized Forex Forecast for 04 – 08 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, those 20% of analysts, suggesting the gradual rise of the pair, alike the rise of USD/CHF after the ‘Black Thursday’ as of 01/15/2015, turned out to be right. At least, over the past week the pair regained nearly 150 points and wrapped up ...
Generalized Forex Forecast for 04 – 08 July 2016
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Usman
Forex News

British pound gives back gains on Carney’s comments

Daily Forex Market Preview, 01/07/2016
The British pound fell yesterday evening sharply after comments of rate cuts and QE from BoE’s Carney. The euro also came under pressure giving back some of the gains made from earlier this week. The markets remain in a consolidation phase following the s...
British pound gives back gains on Carney’s comments
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Usman
Forex News

Dollar slips against peers for the second day

Daily Forex Market Preview, 30/06/2016
The US dollar gave up some of its gains for the second day yesterday as the markets continue to recover the Brexit led declines. The economic calendar today is busy with the UK’s final GDP revision, but it is unlikely to evoke any strong response from...
Dollar slips against peers for the second day
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Usman
Forex News

EUR & GBP stage a recovery. Follow through required

Daily Forex Market Preview, 29/06/2016
The euro and the British pound posted a modest recovery yesterday while the yen weakened against the dollar following two days of intense selling. Without a follow through here, the recovery is likely to be short lived. For the EURUSD, a close above 1.11 is...
EUR & GBP stage a recovery. Follow through required
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Usman
Forex News

US GDP data on tap today

Daily Forex Market Preview, 28/06/2016
The US dollar was showing signs of weakness as the markets start to price in a Fed rate cut by September. This change in view saw the euro posting a modest recovery having established support at 1.10. Gold prices are also retreating in today’s early...
US GDP data on tap today
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Usman
Forex News

Follow through from Friday likely

Daily Forex Market Preview, 27/06/2016
The markets gapped lower this morning with the sterling in the eye of the storm. With the UK plunging into political uncertainty with many questions and few answers, the markets are bearing the brunt. Gold prices remain poised to the upside amid this...
Follow through from Friday likely
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Usman
Forex News

Generalized Forex Forecast for 27 June – 1 July 2016

First, a review of last week’s forecast:
– all last week’s forecasts were made with the proviso that they would remain in force only before the beginning of the UK referendum. And given that very proviso, the prediction for EUR/USD may be considered as panned out. The majority of both experts and...
Generalized Forex Forecast for 27 June – 1 July 2016
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Usman
Forex News

New Platform Nord Machine

Dear traders!
Broker Company NordFX is pleased to offer the latest binary platform Nord Machine (http://nordmachine.com/).
This platform is one of the most modern and convenient for trading second binary options (from 60 to 300 seconds). It’s easy to learn how to use and trade with Nord M...
New Platform Nord Machine
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Usman
Forex News

UK votes to leave the EU

Daily Forex Market Preview, 24/06/2016
Markets plunge as Britons voted to leave the EU. Market volatility is likely to pick up in the aftermath of the EU referendum. Central bank speeches and further news flows are likely to keep the markets on the edge today. The sterling and the euro have been...
UK votes to leave the EU
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Usman
Forex News

Crunch time for EUR and GBP

Daily Forex Market Preview, 23/06/2016
UK polls open today at 0700 UK time and could see an initial knee-jerk reaction on the GBP and EUR. That said, the GBP remains at risk of a significant pullback, while the euro remains range bound within 1.120 and 1.130. Not much can be expected today, but...
Crunch time for EUR and GBP
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Usman
Forex News

Watch the bullish pennant pattern in Gold

Daily Forex Market Preview, 22/06/2016
Gold prices might be looking weaker on the daily and weekly time frame, but the 4-hour chart shows a bullish pennant pattern which could signal further upside in gold. With the UK referendum vote due in less than a day, gold prices could remain in a range...
Watch the bullish pennant pattern in Gold
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Usman
Forex News

GBPUSD likely to pullback from yesterday’s gains

Daily Forex Market Preview, 21/06/2016
GBPUSD remains trading flat, but price action indicates a near-term correction, following the rally yesterday to test the resistance at 1.4668 – 1.46470. The markets look to another day of quiet trading except Janet Yellen’s speech that could...
GBPUSD likely to pullback from yesterday’s gains
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Usman
Forex News

Generalized Forex Forecast for 20 – 24 June 2016

First, a review of last week’s forecast:
– making a forecast for EUR/USD, both experts and technical analysis unanimously voted for a sideways trend with a bearish sentiment, which was 100% fulfilled – discrepancy between the levels of the beginning and the end of the week made just around 20 poi...
Generalized Forex Forecast for 20 – 24 June 2016
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Usman
Forex News

Gold fails to hold gains above 1300

Daily Forex Market Preview, 17/06/2016
In a volatile trading session, gold prices broke above 1300 yesterday to rise to 1315 but pulled back sharply. A bearish follow through from here could see near-term declines. The GBPUSD and the EURUSD were volatile as well with both the euro and the...
Gold fails to hold gains above 1300
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Usman
Forex News

Gold back at 1300 as central banks stand pat on polic

y
Daily Forex Market Preview, 16/06/2016
Gold prices are back at the $1300 handle as the FOMC, and the BoJ stood on the sidelines. However, the upside in gold is looking weak, unless price breaks clear of the $1300 – $1303 handle. The USDJPY is currently posting fresh yearly lows after the...
Gold back at 1300 as central banks stand pat on polic
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Usman
Forex News

USDJPY looks to FOMC and BoJ meetings

Daily Forex Market Preview, 15/06/2016
The Federal Reserve will be releasing its monetary policy statement, economic projections and holding a press conference later today. The markets remain jittery ahead of the meeting, but the attention is on USDJPY, which will later see the BoJ meeting early...
USDJPY looks to FOMC and BoJ meetings
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Usman
Forex News

Sideways market emerging across the board

Daily Forex Market Preview, 14/06/2016
Most of the currencies are moving into a sideways pattern being established. EURUSD has bounced off above 1.1217 support and remains caught within 1.138 resistance, while gold prices continued to extend gains but remain within 1290 and 1273 levels. GBPUSD...
Sideways market emerging across the board
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Usman
Forex News

Gold prices likely to move sideways. EURUSD seeks support at 1.1217

Daily Forex Market Preview, 13/06/2016
The markets opened today on a mixed note with GBPUSD extending declines including the euro, on a stronger US dollar. However, the yen remains in favor with USDJPY seen testing the 106 levels yet again. With no major scheduled releases due today, expect a...
Gold prices likely to move sideways. EURUSD seeks support at 1.1217
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Usman
Forex News

Generalized Forex Forecast for 13 – 17 June 2016

First, a review of last week’s forecast:
– making forecast for EUR/USD for the upcoming month, the majority of experts (around 80%) insisted that the pair would go down at least to the level of 1.1100. Eventually, following the speech of the president of the ECB Mario Draghi, the pair did start g...
Generalized Forex Forecast for 13 – 17 June 2016
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Usman
Forex News

XAUUSD carving out a head and shoulders pattern

Gold, despite the recent bullish momentum, is carving out a bearish head and shoulders pattern with the neckline resistance at 1208 – 1210. A break below this level could extend declines towards 1100. On the lower time frame, while EURUSD broke out from the rising wedge pattern, gold...
XAUUSD carving out a head and shoulders pattern
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Usman
Forex News

Rising wedge on EURUSD (H4) signals a breakout to the downside

Daily Forex Market Preview, 09/06/2016
Failure to make a convincing close following the inside bar, EURUSD’s rising wedge pattern signals consolidation but opens the risk for a decline to 1.121 support that was broken during last Friday’s NFP report. Gold prices are now at the...
Rising wedge on EURUSD (H4) signals a breakout to the downside
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Usman
Forex News

EURUSD goes nowhere but mind the inside bar

The dollar crosses were fairly flat yesterday with the sterling being the exception. While EURUSD formed a doji the day before, prices remained range bound in yesterday’s trading forming an inside bar which portends a breakout in the near term. Gold prices also stayed flat yesterday after...
EURUSD goes nowhere but mind the inside bar
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Usman
Forex News

Doji on EURUSD, Gold signals a correction

Daily Forex Market Preview, 07/06/2016
The US dollar was muted to Yellen’s speech in Philadelphia yesterday, but the doji candlesticks on EURUSD and Gold signal a near term correction in prices. In EURUSD, watch for a pullback to 1.120 region, while gold prices could fall back to 1230 – 1225 sup...
Doji on EURUSD, Gold signals a correction
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Usman
Forex News

US Dollar Could Make A Pullback In The Near-Term

Daily Forex Market Preview, 06/06/2016
The dollar fell sharply on Friday following the weak jobs report for May, but as the markets opened today, there is evidence that the dollar could be seen retracing some of its gains, leading to a pullback in the EURUSD, USDJPY and gold prices in the near...
US Dollar Could Make A Pullback In The Near-Term
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Usman
Forex News

Generalized Forex Forecast for 6 – 10 June 2016

First, a review of last week’s forecast:
– the forecast for EUR/USD reckoned that the pair might first rise to the level of 1.1170, and then – even up to 1.1240, following which it would reverse and start going south. This scenario also considered the fact that according to many authoritative sou...
Generalized Forex Forecast for 6 – 10 June 2016
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Usman
Forex News

Generalized Forex Forecast for 30 May – 3 June 2016

First, a review of last week’s forecast, which may be considered as 100% fulfilled:
– as to the forecast for EUR/USD, the majority of experts and indicators insisted that it should go down at least to the level of 1.1100, which the pair did, wrapping up the week just 10 points higher – at the mar...
Generalized Forex Forecast for 30 May – 3 June 2016
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Usman
Forex News

May 2016: TOP 10 Trading Signals Through the Eyes of NordFX Analyst

It’s believed that there are no large drawdowns, but there are small deposits. Let’s consider the following example: a drawdown of 90 dollars with a deposit of $100 is a disaster, if the deposit makes $1000 the drawdown is reasonable 9%, and if it makes $10000 then the latter may be...
May 2016: TOP 10 Trading Signals Through the Eyes of NordFX Analyst
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Usman
Forex News

Generalized Forex Forecast for 23 - 27 May 2016

First, a review of last week’s forecast:
– as to the forecast for EUR/USD, last week there was no consensus in regards to its future. Surprisingly all predictions panned out. 35% of experts backed by graphical analysis reckoned that the pair would gradually bounce off the support of 1.1280 ...
Generalized Forex Forecast for 23 - 27 May 2016
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Usman
Forex News

Generalized Forex Forecast for 16 - 20 May 2016

First, a few words about the forecast for the previous week:
■ if we talk about the forecast for EUR/USD, as it often happens, graphical analysis turned out to be the most accurate, having predicted the return of the pair to the Pivot Point of February – May at the level of 1.1280. It was t...
Generalized Forex Forecast for 16 - 20 May 2016
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Usman
Forex News

Generalized Forex Forecast for 09 - 13 May 2016

First, a review of last week’s predictions:
– As for the forecast for EUR/USD, this pair succeeded to meet expectations of all experts. All of their forecasts turned out to be correct – those, who predicted its rise (from Monday to Tuesday, the pair rose to the level of 1.1616), the o...
Generalized Forex Forecast for 09 - 13 May 2016
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Usman
Forex News

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller’s heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy w...
Oil Price Hike: To Be or Not to Be?
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Usman
Forex News

Generalized Forex Forecast for 2-6 May 2016

First, a review of last week’s predictions:
– graphical analysis and the indicators on D1 were 100% right in their forecast for EUR/USD. According to them, the pair was supposed to bounce off support at 1.1200 and move on to resistance at 1.1450. In fact, the pair started from 1.1217 on M...
Generalized Forex Forecast for 2-6 May 2016
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Usman
Forex News

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America. With this, according to The Telegraph,...
HSBC Shares: Perspectives for 2016
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Usman
Forex News

Generalized Forex Forecast for 25-29 April 2016

First, a review of last week’s forecast:
– D1 and W1 charts show that EUR/USD continues to move within the ascending channel that started last December. As expected by 50% of the analysts and graphical analysis on H4 and D1, the pair aimed at the upper boundary of the channel right from t...
Generalized Forex Forecast for 25-29 April 2016
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Usman
Forex News

Generalized Forex Forecast for 18-22 April 2016

Overview of Last Week’s Forecast
– EUR/USD was predicted to move down to the central line of the ascending channel that started to form last December and is now clearly visible on W1. The pair did drop sharply but didn’t reach the target of 1.1135. Instead, it stalled at support 1.1...
Generalized Forex Forecast for 18-22 April 2016
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Usman
Forex News

Generalized Forex Forecast for 11-15 April 2016

The forecast for EUR/USD suggested that the battle line for the bulls and the bears would be drawn at 1.1400. However, the fact that they were actually equal in force was a surprise. As a result, neither of them could gain the upper hand and the week started and ended at the same level of...
Generalized Forex Forecast for 11-15 April 2016
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Usman
Forex News

New Conditions of the NordFX Affiliate Program

We are pleased to announce that as of 11 April 2016, new conditions of the Affiliate Program come into effect and partner commissions will be almost doubled! This is the most significant upgrade in the history of our Affiliate Program.

New Conditions of the NordFX Affiliate Program
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Usman
Forex News

Forex Forecast for 4-8 April 2016

Overview of last week’s predictions:
– in the previous forecast, 55% of the experts insisted that EUR/USD should rise and transition into 1.1340-1.1470, and they were right. On Friday, the pair went up to 1.1438, bounced down to support at 1.1335 and stopped almost in the middle of this r...
Forex Forecast for 4-8 April 2016
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Usman
Forex News

Tech Targets: EUR/USD, GBP/USD, AUD/USD, USD/JPY - UOB

EUR/USD: Neutral: Increasing upside risk. There is no change to view wherein we continue to see increasing upside risk but it is unclear if EUR can break convincingly above the 1.1375 resistance (the lower 1.1342 resistance was breached overnight with a high of 1.1364). In other words, while we...
Tech Targets: EUR/USD, GBP/USD, AUD/USD, USD/JPY - UOB
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Usman
Forex News

Forex Forecast for 28 March - 1 April 2016

First, an overview of last week’s forecast:
– regarding EUR/USD, those 40% of the experts that predicted a fall were right. The forecast of graphical analysis on H4 also turned out correct, indicating that last week’s bottom would be around 1.1130. On Thursday, the pair almost reached this ...
Forex Forecast for 28 March - 1 April 2016
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Usman
Forex News

Forex Forecast for 21-25 March 2016

First, about last week’s forecast:
– the forecast for EUR/USD proved 100% correct. The main support was set at 1.1080, and the suggested peak for the pair’s rise was at 1.1350. In fact, from Monday to Wednesday, the pair relied on support around 1.1060-1.1080, and then on the news from the ...
Forex Forecast for 21-25 March 2016
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Usman
Forex News

IAIR Awards: NordFX won Broker of the Year / Forex Trading India

On 11 March 2016, IAIR Awards held a ceremony in Hong Kong in honor of its winners for 2016. NordFX was recognized as Broker of the Year / Forex Trading India.

IAIR Awards: NordFX won Broker of the Year / Forex Trading India
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Usman
Forex News

Forex Forecast for 14-18 March 2016

First, about last week’s forecast:
– the forecast for EUR/USD was unfolding more or less according to plan till the middle of Thursday – the pair first went down, then rebounded, set two boundaries of the corridor and entered a sideways trend. Specifically on 10 March, following the ann...
Forex Forecast for 14-18 March 2016
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Usman
Forex News

ECB pulls out all the stops, cuts rates and expands QE

The European Central Bank (ECB) delivered a surprise package of measures to kickstart Europe’s economy on Thursday, cutting its main interest rates and expanding its massive bond-buying program. The bank’s president, Mario Draghi, said the outlook for economic growth in the euro zone...
ECB pulls out all the stops, cuts rates and expands QE
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Usman
Forex News

Forex Forecast for 7-11 March 2016

The forecast for EUR/USD can be counted as fulfilled. Executing the suggested monthly scenario, the pair first tried to break support at 1.0800, failed to do it and moved on to the weekly scenario. According to most experts’ predictions, the pair bounced upward and reached 1.1043 on Friday f...
Forex Forecast for 7-11 March 2016
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Usman
Forex News

QE, inflation and the BoE's unreliable boyfriend: seven years of record low rates

Seven years ago on Saturday (5 March), the Bank of England slashed interest rates to a record low of 0.5%. At the time, the cut and plans to pump billions of pounds of electronic money into the economy seemed like an emergency measure to cushion the UK from the global financial crisis. But...
QE, inflation and the BoE's unreliable boyfriend: seven years of record low rates
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Usman
Forex News

How to Trade the Australian GDP - March 2

Australian GDP is the primary gauge of the production and growth of the economy. It is considered by analysts as one the most important indicators of economic activity, and a reading which is higher than expected is bullish for the Australian dollar. Here are all the details, and 5 possible...
How to Trade the Australian GDP - March 2
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Usman
Forex News

Forex Forecast for 29 February - 4 March 2016

First, a review of last week’s forecast:
– the vast majority of the analysts and graphical analysis on D1 predicted a fall for EUR/USD, which happened, and the pair shed more than 200 points during the week;
– the prediction of 40% of the experts and graphical analysis that GBP/USD s...
Forex Forecast for 29 February - 4 March 2016
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Usman
Forex News

Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses

Citigroup Inc. was sued for fraud by investors and creditors of a bankrupt Mexican oil services firm over claims they were harmed by a loan scheme that also led the bank to cut 2013 profit by $235 million and fire at least a dozen people. Citigroup’s loans led to the 2014 collapse of the Mexican ...
Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses
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Usman
Forex News

Forex Forecast for 22-26 February 2016

First, about the forecast for the previous week:
– as for EUR/USD, 35% of the analysts and graphical analysis on H1 and H4 were correct in their forecast that the pair would fall in the last five workdays. As predicted, the pair reached the first support at 1.1150 and then tried to reach...
Forex Forecast for 22-26 February 2016
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Usman
Forex News

Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays

The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Yesterday’s low close endorsed Friday’s topping candle and encourages our bearish view. We are looking for a move low...
Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays
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Usman
Forex News

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Change to Neutral: Short-term top in place, corrective pull-back could extend lower to 1.1060. While we pointed out yesterday that a short-term appears imminent, the ease of which the major 1.1180 support was taken out was unexpected. The bullish EUR phase that started on the 4th of...
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
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Usman
Forex News

Forex Forecast for 15-19 February 2016

First, about last week’s forecast:
– the forecast for EUR/USD panned out 100% – the pair remained in a sideways trend until mid-week, then, after Fed Chairwoman Janet Yellen’s speech, it broke through resistance at 1.1250 and rose to 1.1350. On achieving this, the pair reverted to 1.1250, t...
Forex Forecast for 15-19 February 2016
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Usman
Forex News

Double Success for NordFX in Forex Awards 2015

We are pleased to announce that NordFX has won in two nominations in the Forex Awards voting for 2015 – Best Micro Forex Broker and Best Execution Broker.
Every year since 2010, Forex Awards selects the best forex and binary options brokers. Their expert community of active traders and website v...
Double Success for NordFX in Forex Awards 2015
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Usman
Forex News

Global Banking Giants Nervousness Intensifies

An unsettling trend has emerged from the heavy selling that sent global markets tumbling this year: Investors are getting nervous about the world’s biggest banks. The concerns about the banks are clearly reflected in the stock markets, where shares in banking giants are plunging. But there are a...
Global Banking Giants Nervousness Intensifies
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Usman
Forex News

Forex Forecast for 8-12 February 2016

First, a review of last week’s forecast:
– initially everything was going according to plan for EUR/USD – it rebounded to resistance at 1.0990 but then, instead of reversing and going down, it soared up to the values of last September-October. The reason for that was simply comments by US F...
Forex Forecast for 8-12 February 2016
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Usman
Forex News

Private payrolls up 205K in January vs. 195K est.: ADP/Moody's

Job growth in the private sector slowed a bit in January as larger companies hired fewer workers than the previous month and manufacturing jobs were flat, according to the latest report from ADP and Moody’s Analytics. Still, the 205,000 new positions was better than estimates from Wall...
Private payrolls up 205K in January vs. 195K est.: ADP/Moody's
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Usman
Forex News

Forex Forecast for 1-5 February 2016

First, about last week’s predictions:
– EUR/USD once again proved that the majority opinion may be wrong. The pair’s bullish sentiment was supported by only 25% of the experts and graphical analysis on D1 but it is they who turned out to be right – straight from the market opening, the pair...
Forex Forecast for 1-5 February 2016
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Usman
Forex News

Unemployment in Spain rises in January at 57,247 people

The number of unemployed registered at the offices of the public employment services rose in January at 57,247 people and the total figure stands at 4,150,755. In the last 8 years, the registered unemployment in January has grown on average by 135,955 people. In seasonally adjusted terms,...
Unemployment in Spain rises in January at 57,247 people
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Usman
Forex News

Swiss Franc's Journey From Haven During Turmoil to Pimco Pariah

Share on Facebook Share on Twitter The Swiss franc’s reaction to the latest gyrations in global markets is raising questions about its traditional role as a haven. The franc has fallen this month even as stocks around the world entered bear markets, and it’s now weaker against the euro than at an...
Swiss Franc's Journey From Haven During Turmoil to Pimco Pariah
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Usman
Forex News

BOE's Bailey to head UK's financial regulatory body

UK treasury out with the statement BOE dep gov Bailey to become the CEO of Financial Conduct Authority Bailey is being appointed for a five year term and will succeed Tracey McDermott, who has acted as interim CEO since Martin Wheatley stepped down from the post in September 2015. Mr Bailey will...
BOE's Bailey to head UK's financial regulatory body
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Usman
Forex News

The Effective Use of Technical Indicators

Technical traders often compute and plot mathematical quantities based on market observables like price and volume in order to indicate the past or present state of the market. They can often also use certain specific recognizable behaviors of the so-called technical indicators to predict the...
The Effective Use of Technical Indicators
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Usman
Forex News

Despite early gains market rout not yet over

Global financial markets are not in meltdown (yet), but the sentiment around trading is deeply negative. This is driving investors towards safe haven plays such as the yen, US Treasuries and gold, whilst cyclical trades such as oil and metals are being smashed. The oil price dived by 7%...
Despite early gains market rout not yet over
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Usman
Forex News

Swiss franc spike weighs on Interactive Brokers’ 2015 electronic brokerage income

Interactive Brokers Group, Inc. (NASDAQ:IBKR) on Tuesday reported its financial and operating metrics for the full 2015, with the Swiss franc spike taking its toll on the results of the Electronic Brokerage segment. The company, which is one of the key participants in the US Forex market, said...
Swiss franc spike weighs on Interactive Brokers’ 2015 electronic brokerage income
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Usman
Forex News

IEA Says Oil Rout Could Deepen as Market `Drowns' in Oversupply

Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency. The IEA trimmed 2016 estimates for global oil demand as China’s economic expansion weakens and raised ...
IEA Says Oil Rout Could Deepen as Market `Drowns' in Oversupply
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Usman
Forex News

FX Binary Point

FX Binary Point presents the largest financial directory and reviews platform on web that contains thousands of brokers, signal providers, managed accounts, trading robots, EAs, financials courses and B2B companies. Just click on any category on the right sidebar and get the list of companies...
FX Binary Point
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