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