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