FOREX: August 2011

The single currency falls against the franc and yen

The single currency is gradually weakens against major currencies of refuge. Euro / Dollar has fallen below the seventeenth and touched the figure of Chf1.1645/40. Market participants have noted that attempts to recover the pair has not yet lead to the result. Following the euro / Swiss franc falls and the euro / yen. A pair slipped into the area Y110.45. According to one of the dealers, the nearest support is located on a pair of Y110.30/25. Testing it may cause a further decline of the euro / yen up to Y109.80/70. Currently, the euro / franc traded at Chf1.1671. Current exchange rate euro / yen Y110.49.

Pound / dollar. comments dealers

During the U.S. trading the pound / dollar recovered from earlier reached a minimum of $ 1.6257 and a mark of respect to $ 1.6330. However, so far lies in this area do not permit Ofer pair break above. Testing of this level can open the way for the movement towards $ 1.6350, and potentially to $ 1.6375/85. As noted by one of the dealers, the level of $ 1.6375 is a correction of 1.618% the previous downtrend from $ 1.6330 to $ 1.6257. Bids are still all the way from $ 1.6257 to $ 1.6250. Stops are located at the break $ 1.6250. At the moment the pound / dollar steady at $ 1.6319.

Societe Generale sees potential for growth rates of risky

Societe Generale employees expected to release a report on U.S. employment. They believe that the mood of investors will depend on how he will demonstrate strong performance. In their view, the growth of high-yielding assets may continue. Bank analysts believe that in August it was created about 140,000 jobs compared with an expected 100 000. Bank currency strategist Michael Sneyd, reported that positive data is expected to strengthen sure the S & P 500, the further growth of the Australian dollar and Brazilian real recovery. Currently, the euro / dollar trading at at $ 1.4453.

Euro / Dollar. comments dealers

Euro / franc during the U.S. session crept higher nineteenth figures. Dealers noted that earlier, on Friday, the pair closed the day above 55-day moving average for the first time since April. Currently, the euro / franc stays in Chf1.1920, in the upper range of Chf1.1688-1.1974. In slchae if the pair continue to move in an upward trend, it may test resistance, passing through a 100-day moving average at Chf1.2027. According to one dealer, the closing day of the high of July 22 Chf1.1890 will assume that in the short term, the euro / franc will reach Chf1.2345, which is the peak on July 4. The current euro / franc Chf1.1920.

Eurozone

ECB, Jean-Claude Trichet: the banking sector there is no liquidity problem. Sees the potential for moderate growth in the euro area. Risks to growth medium of inflation are estimated. Excess liquidity may put additional pressure on prices.

Euro / dollar. fundamental levels

FOREX: Euro / dollar. fundamental levels

$ 1.4600 - Ofer medium-sized

$ 1.4580 - large Ofer

$ 1.4550/55 - large Ofer / foot

$ 1.4520/30 - Ofer medium-sized

$ 1.4507 - the current euro / dollar

$ 1.4486 - the technical level of 76.4% $ 1.4466/549

$ 1.4455/50 - moderate demand

$ 1.4430 - a strong demand on the way / foot

$ 1.4410/00 - moderate demand

$ 1.4385/80 - moderate demand

Euro / Dollar. comments dealers

The reaction of the U.S. dollar in the report

Publication of report on U.S. personal income / spending had a positive impact on market sentiment, as the level of expenditure was the highest since August 2009. According to one dealer, the report supported the more interest in risky assets than the U.S. currency. Euro / dollar made a leap approximately forty points from the area of $ 1.4490 to $ 1.4530. Market participants note that the pair was a maximum in August at $ 1.4517. Large Ofer seen in the $ 1.4550/55. Stops are located above. Strong interest in selling the euro / dollar is also felt in the region $ 1.4580. Pound / dollar strengthened and traded near $ 1.6410. The position of the dollar against the Japanese yen, little changed against the franc rose to U.S. currency of Chf0.8180. Current euro / dollar $ 1.4527.

HSBC about the prospects of the ruble

HSBC analysts believe that Russia's currency weakened considerably against the dollar. In their view, by 2014, the ruble lost 25% against the U.S. currency. Such a prediction they make, based on long-term capital outflows, rising import levels, as well as increasing budget expenditures. Bank employees believe that by 2014, the ruble will be held in RUB36-37. They note that the Minister of Economy forecast is fairly optimistic RUB32.2. At the moment, the Russian currency against the dollar stays near the mark in RUB28.77.

WTI crude oil is fixed to the auction in New York

WTI crude oil continues to strengthen in trading in New York, helped publish a report on U.S. personal spending in July. Data exceeded the expectations of investors and re-emergence provoked speculation about the demand for oil will increase. After the release of a report on the oil futures strengthened in value by 1.8%. Additional impetus to the black gold, gave Bernanke a comment made by August 26. Fed Chairman noted that in the long term economic growth is not threatened, and the central bank can support recovery. At auction in New York WTI crude oil for October delivery strengthened to $ 1.55 and was trading near $ 86.70 a barrel.

Euro / dollar. comments dealers

Restoring the euro / dollar continued its forty-fourth higher than the figures, helped by a sharp strengthening of U.S. stocks. Pair set a new session high of $ 1.4435. According to one dealer, an additional impetus to the single currency gives rise euro / franc, and the low activity in the market, which market participants say. Interest in selling a pair of felt in the area of yesterday's high of $ 1.4455. Currently, the euro / dollar is preparing to test the resistance and holding at $ 1.4441.

Commerzbank on the euro / franc

Commerzbank analysts believe that rising dynamics euro / franc would disappear on its way to the twentieth figure since the debt problems of the euro area will continue to put pressure on the single currency. They also note that the restoration of the pair before the fifteenth figure was probably dictated by fear of market participants before the intervention of SNB, but not excess liquidity. One of the analysts of the bank, Ulrich Rondorf, adding that in case of further strengthening of the Swiss currency, the output of the Swiss Central Bank to the arena of foreign exchange markets will be considered only as a last resort. Currently, the euro / franc traded at Chf1.1469.

Barclays Capital on the prospects of U.S. currency

The first half of the European session is characterized by extremely low activity, as market participants took a wait before the performance Fed chairman, Ben Bernanke. According to analysts from Barclays Capital, if decides Bernanke not to resort to further stimulate the U.S. economy, market participants may perceive this as a hint to a potential strengthening of the dollar against the yen, the franc and gold. However, if the Fed chairman would support the third phase of quantitative easing, it will have a positive impact on the single currency, as investors' mood improves, and the dollar weakens. Bank employees believe that if such a scenario, in pole position will be Australian and Canadian dollars, and the Scandinavian currencies. Current euro / dollar $ 1.4426.

Gold may continue its correction

Closing of $ 1,750 per troy ounce, gold was again under pressure after reporting on Wednesday that CME Group has raised margin requirements. The precious metal has tested support, located in the area of $ 1746, which is 38.2% correction of the upward movement of gold from July to August 23. However, it is the psychological support that lies at $ 1700, does not allow the metal to fall below. According to one analyst TheBullionDesk, James Moore, an increase in margin requirements, as well as the expectation that the Fed will resort to further stimulate the economy will continue to have a negative impact on gold. Moore adds that the correction of the metal may be 50% of traffic from a minimum of the first of July to a maximum of 23 August, ie up to $ 1695 per troy ounce. At the moment, the spot price for gold is held in the middle of the daily range at $ 1721.50 an ounce.

Swiss franc falls on the eve of weekend

In anticipation of output, market participants began to drastically eliminate long positions in the Swiss currency, which contributed to the strengthening of the euro / franc and the dollar / franc. According to one dealer, the reason for these actions was concerned about players' Swiss Central Bank intervention in the currency. In the market remains low activity. Euro / CHF broke the line of 55-day moving average at Chf1.1595 and set a maximum session Chf1.1693. At the moment the euro is held against the franc in Chf1.1646. The current dollar / franc Chf81.09. In early U.S. session, the pair traded in the areas of Chf1.1460 and Chf0.7945 respectively.

Pound recovers after a report the UK

British currency in anticipation of the publication of the report by the UK's GDP was kept in the $ 1.6305. Despite the fact that the data coincided with the forecast, the pound / dollar made a leap to $ 1.6330 as investors waited to see poor performance. According to one dealer, the interest in selling a pair of previously concentrated in the region reached a maximum in the European session, $ 1.6335. At the moment the pair is testing the specified resistance. In the event of a breakthrough, we should expect to further strengthen the pair down to $ 1.6350, and then to $ 1.6380/00, where market participants noted Ofer corporate accounts. Nearest support lies in the $ 1.6280/75, larger bids seen at $ 1.6260/50. Stops are located below. The breakthrough of this level can be a catalyst for the downward movement of up to $ 1.6226, where the line is the 55-day moving average. Interest in buying the pound / dollar is also felt in the sixty-second figure, and potentially at $ 1.6180/70. The current rate of the pound / dollar $ 1.6334.

Societe Generale negative about the prospects dollar

EUR / USD continues to consolidate in anticipation of new drivers to traffic analysts and Societe Generale, commenting on the situation, note that the overall technical picture remains constructive for the bulls. Meanwhile, weak economic statistics from the U.S. gives reason to fear save the loose monetary policy the Fed and new incentives, and, while at the bank believe that GDP growth in the euro area, as in the U.S. will be in the next two years below 2 %, the U.S. currency appears to be more vulnerable to decline. Her inability to significantly strengthen against the decline in risk appetite is also a wake-up call, and at Societe Generale reported that decided to raise the forecast for the euro / dollar at year-end from $ 1.45 to $ 1.47, while in March they expect to see a couple about $ 1.50, and by the end of June - about $ 1.52. In addition, bank analysts have lowered forecasts for dollar / yen at the end of this year from Y80 to Y75.

Barclays Capital on the prospects of U.S. currency

The Australian dollar found positive aspects in the words of the head of RBA

Australian dollar perked up after a few of my head of RBA Glenn Stevens, noting that while some statements were made somewhat more restrained than before, he at the same time expressed concern about inflation, noting that the tactically right to delay the changes in rates of turbulence in the financial markets. Also, Stevens described the situation positively in Asia, particularly China, and dealers say that his statements led to some weakening of concerns about possible rate cuts in the near future. However, the technical picture in the AUD / USD is not too positive: attempts to get back above $ 1.05 continue to attract interest in the sale, and dealers have warned that the loss of support near $ 1.0420 will open the way to reduce the $ 1.0380, and potentially to $ 1.0310/00. Ofer remain near $ 1.0495/10, are larger at around $ 1.0525/35 with stops above.

Euro / dollar. comments dealers

Swiss franc falls on the eve of weekend...

Euro / Dollar. comments dealers

In the course of a single currency trades to attempt to recover and, once above the previous high of $ 1.4418, touched the mark of $ 1.4437, helped by execution stops at the break of $ 1.4430. Dealers report that the couple are now able to develop an upward movement in the direction of $ 1.4445/50, and potentially to the maximum set yesterday during a press conference, Merkel and Sarkozy, to $ 1.4473. Ofer congestion seen in the $ 1.4470/80. Market participants noted that the couple receives an additional impulse due to the strengthening of the euro / franc. Current euro / dollar $ 1.4434

Pound / dollar. Short-term trading strategy

At the moment, GBP / USD traded at around 1.6450 marks. More interesting is the maximum of the now completed Tuesday. It is worth to note that the range of 1.6470/75 has been tested not once, but has to break it and failed. Consequently, this level is key and it should not be overlooked. Attempts to pass above this key area taken 5 days: July 29, August 1, 7 and 8 August, and yesterday, August 16. Technically, the net penetration level indicates further movement to 1.6745. Provided that your bullish sentiment, buy now with the expectation of penetration is impractical because there is no bull in the camp confident driving force. If you buy, then buy at lows. The fact that the Bears can afford to collect stop-loss orders, which are most likely in large volume is above this key area, and then sell at a profitable level

Euro / Franc. Playing in one of the gates

After high-profile speeches on a fixed rate for EUR / CHF and actions in this direction by the Swiss National Bank, this currency pair has forgotten about the downtrend and moved in an upward direction. Around this course now a lot of talk and rumors that are underway and appear in public and behind the scenes. At the moment the market is convinced that the euro / franc rises to 1.20 and somewhere in that area will be fixed. In private conversations with representatives of several major Swiss banks have argued that it would mark 1.25. Dealers say that the big players are actively trying to reduce the purchase. However, this game is in one direction makes sense, if the SNB will fulfill that promise. Otherwise, the fall in euro / franc will follow immediately and will be very tough.

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A pair Pound / dollar (GBP / USD)

Couple pound \ dollar spent all the Asian session Monday, trading in a narrow sideways 1.6270 ÷ 1.6297. In the absence of relevant economic information, the British pound, again guided by the dynamics of the single European currency. Sharp rise in the euro / dollar triggered, followed by another, and rally the British currency, which reached a rate of 4 day high - at around 1.6408. Here the movement was stopped and the pair started to be corrected. At the auction on Tuesday, we assume - a pair of U-turn and the depreciation of the British currency, initially, to a price level of 1.6351, and in case of breakdown down - further reduction to target levels: 1.6312, 1.6283, 1.6263 and lower towards 1.6223. We continue to monitor the level of the previous high - 1.6408. If the currency is overcome, on the rebound from 1.6351, the rate - will resume lifting couples. Then the goal of lifting - 1.6440 1.6474 and.

The euro / dollar (EUR / USD)

At the auction on Monday, The situation is clearly not in favor of the dollar. In the U.S., were published by the weak economic reports that have demonstrated, for the third consecutive month, a slowdown in the manufacturing sector. In addition, the decreased demand of international investors in the U.S. long-term assets. Meanwhile, the positive news from Europe supported the thrust of markets to trade with risky high-yielding currencies, including - with the euro. As it became known, the European Bank, last week, bought bonds troubled Eurozone countries in the amount of 22 billion euros, while investors have assumed - no more than 12 billion In addition, the market looked forward, scheduled for today, meeting Heads of France and Germany, whose aim is to discuss measures to improve economic governance Eurozone. Investors are hoping that this meeting will take specific decisions and, in particular, the leaders will announce the launch of Eurobond, which may give the European currency strong upward momentum. In these circumstances, the dollar weakened sharply against the euro. Top U.S. trading, the euro / dollar, completing the rally from the lows of Asian and European sessions - 1.4264, reached the upper limit of 2-month range, recording a high of 1.4475. In our forecast for Tuesday, assume - reducing the single European currency, initially, to a price level of 1.4388, and in case of breakdown, continued to decline target levels: 1.4342, 1.4315 and 1.4281. An alternative scenario and the resumption of the upward movement of the couple would be possible only for securing the pair - above the level of 1.4475. The objectives of expansion, in this case would be 1.4535 and 1.4577 levels.

AUD / USD. comments dealers

During the U.S. trading currency Australian adjusted from a maximum of $ 1.0494 session to $ 1.0477 area. According to one dealer, the attention of market participants are now focused on the resistance, which is located in the area of $ 1.0505/15. Testing of this level can become a catalyst for further upward movement AUD / USD towards $ 1.0580/85. The nearest support a pair of runs in the $ 1.0450/40. Dealers continue to note a low activity in the market. At the moment the AUD / USD steady at $ 1.0484.

BNY Mellon: euro will return to the field maxima

Analysts from the BNY-Mellon believed that the key factor for the single currency is still time. They mean the outcome of the meeting Merkel and Sarkozy. Employees of the bank, adding that currently the European currency is supported by the ban on short selling, as well as in anticipation of the Fed by market participants of the third stage of quantitative easing. In the short term, analysts expect to see a restoration of the single currency area to highs this year. Current euro / dollar $ 1.4395.

Dollar / Canada. comments dealers

In the course of American trade in Canadian currency demand dragged the dollar / Canada for a minimum of C $ 0.9820. Falling U.S. stocks failed to recover antiriskovye sentiment that market participants say. According to one dealer, the earlier interest in buying a pair from a Canadian bank and U.S. investors has allowed the dollar / Canada to achieve the maximum of C $ 0.9870. However, at the moment the pair is trading slightly higher in the previously established minimum session. The accumulation of bids seen below ninety-eight shape. The current dollar / Canada C $ 0.9834.

Forecast for Tuesday, August 16, 2011

On Tuesday, the focus of market participants will be focused on meeting German Chancellor Angela Merkel and her French counterpart, Nicolas Sarkozy. The main theme of this meeting - the release of Unified European bonds. Positive decision on this matter could have a single currency for more support in the fight against major competitors.

Speaking about the planned to release the news in the first place will be an interesting package of data for Europe (in the UK inflation, GDP in Germany and the euro area), as well as figures on housing construction in the U.S..

Risk appetite is likely to remain so in the absence of negative data from the euro / dollar will try to rise above 1.4500 (as long as the growth will be limited to 1.4600), and GBP / USD - 1.6400 to break up (target - 1.6500).

EUR / USD Analysis and Forecast for the week

The past week has been very volatile, all pairs oscillate in large bands, which was caused by a large number of external factors. The main event, which is so strongly influenced the dynamics at the beginning of the week was the decision reytingovoogo agency Standard & Poor's downgraded the credit rating of the U.S. level of AAA to AA + with a negative outlook. This has led to massive investment from the care of risky assets, thus, more like always suffered not the U.S. dollar and other currencies, primarily the euro, pound and commodity currencies.

On Monday, the fall in EUR / USD by more than 200 points on Tuesday and a pair stabilized in a fairly narrow range. This was due to the fact that major players were expecting the results of the Fed meeting, the results of which were announced in the evening. Nobody doubted that the rate remain unchanged, but the text "final instructions FOMC was not quite ordinary. Most importantly, it was noted that the terms of the conservation rates at current levels is "at least until mid-2013."

Members discussed the possibility of the Fed using a number of tools designed to stimulate the economy, and said "ready to use them as needed." The situation in the economy, the labor market and housing deteriorated and economic growth will slow down. On the one hand, these words were negative for the dollar, on the other hand - was widely expected that there will be a direct allusion to the third policy of quantitative easing QE3, but this did not happen. As a result, the EUR / USD sharply and flew up to 2 hours later rose nearly 2 figures, but still remained within the range.

On Wednesday, the players to "digest" a large amount of new information, but after dinner euro stone flew down, suddenly the initiator of this movement was the head of the Bank of England M. King. He noted that the main risk to the global economy comes from the Eurozone, which has faced the strongest debt crisis. And then "fuel to the fire," added the rumor that France after the U.S. may lose its highest rating of AAA. On Thursday, the EUR / USD showed mixed trends are very high, and, in a very wide range of more than 150 points on the background of mixed statistics from the U.S. and overall uncertainty in the markets.

On Friday, a range of trade continued, but with a slight upslope, the euro rose slightly against the rise in the stock markets. As a result, the week closed with a black candle, a long lower shadow, such as "Eskimo" (Fig. 1), which signals the reluctance of players to move up and inability to bear to overcome the situation. The pair remains within a large uplink "A-A '," but in fact there is already a few weeks between the boundaries of the 45th and 40th figures.

Lateral nature of trade confirms the Alligator indicator, all three lines that stretched in a horizontal line. Weekly stochastics also moves along the average level of 50, making a not too deep fluctuations in both directions. Only a break through "round figures" 1.4500 could lead to the revival of Up-trend, and the closest targets will be bull high of 1.4639 and below the annual high-level 1.4939, followed by psychological testing the boundaries of the 50th figure. Downward movement is very limited psychological mark of 1.4000 and trend line "A".

Frank and the yen fell on the auctions in Asia

Against the background of conversations about what the monetary authorities in Switzerland and Japan will take active measures aimed at countering the growth of their national currencies, the yen and franc rent position against competitors in the Asian trading on Monday. "When there is a real threat of intervention, the players do not want to buy yen and svissi" - says the course is Magnus, executive director of currency trading of Nomura Holdings in Sydney. Yesterday on TV NHK Japanese Finance Minister said that the market remains extremely volatile. "In matters of foreign market exchange my position has not changed, I will continue to monitor the situation closely and take decisive action if necessary", - said Mr. Noda. At the same time, the publication SonntagsZeitung reported that Swiss National Bank may set the target value of franc to the euro in the near future. The talks focused on the role of government between the SNB and the Swiss government has already carried out

Euro / dollar continues to throwing in the range

Euro / dollar against the short-term profit taking several accounts adjusted highs session, but the tone of trading remained quite positive, and dealers say that the recession has attracted fresh demand from the German name, while some sources also report that buyers could see the Asian name. However, they note that the proximity to the top of the range causes the bull to be careful about the warning that a breakout is $ 1.4280 cluster large enough stops, a breakthrough which could trigger a change of the dynamics of the pair: in this case would be under threat bids at around $ 1.6260/50 from feet below, and potentially support around $ 1.4210/00. Meanwhile, as the Bulls did not lose hope for testing resistance around $ 1.4360, the ability to overcome that will rely on further growth to $ 1.4400 and $ 1.4450

Key options expiring today

Key options expiring today at 18.00 Moscow time:

Euro / dollar: $ 1.4200, $ 1.4250, $ 1.4425

Pound / dollar: $ 1.6350, $ 1.6355, $ 1.6400

Dollar / yen: Y77.00, Y78.50

Euro / yen: Y109.00

Australian dollar: $ 1.0495, $ 1.0400, $ 1.0200, $ 1.0165

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CBA expects a weaker dollar

Despite the bad final report on the labor market in the U.S., the whole nature of statistics is not very positive for the dollar, currency strategists and Commonwealth Bank of Australia believe that a weaker U.S. economy and the Fed's policy commitment to low interest rates bode dollar but falling . The bank reports that some have raised the forecast for the euro / dollar at the end of the year - from $ 1.47 to $ 1.48, while the outlook for AUD / USD has been raised from $ 1.04 to $ 1.09, and for the dollar / yen dropped from Y82 to Y78.

Euro / dollar. fundamental levels

FOREX: Euro / dollar. Fundamental levels

$ 1.4400/05 - large Ofer

$ 1.4370 - Ofer medium-sized

$ 1.4350/55 - Ofer midsize / technical level of $ 1.4352 61.8% correction of motion $ 1.4535/1.4055

$ 1.4310 - Ofer medium size / foot

$ 1.4295/300 - large Ofer

$ 1.4270 - foot

$ 1.4247 - the current euro / dollar

$ 1.4225/20 - moderate demand

$ 1.4200/190 - moderate demand / foot

$ 1.4175/70 - moderate demand

$ 1.4150/40 - strong demand / $ 1.4148 technical level

$ 1.4105/00 - strong demand / foot

$ 1.4075/70 - moderate demand

$ 1.4155/50 - strong demand

Pound / dollar. Comments on the current situation

During the U.S. session, the pound / dollar rate was above sixty-third figure, still recovering from lows reached earlier. Couple touched the mark of 1.6310. According to one dealer, the break of resistance in this area will pave the way upward movement of up to $ 1.6330/35, where the rate of $ 1.6331 is the maximum tenth of August. Meanwhile, analysts Lloyds believe that, despite the appeal of the British pound as the currency of refuge, the couple will continue to trade in a range of $ 1.60-1.64. Pound / dollar failed to hold above the sixty-third figure and corrected to the field of $ 1.6290. The current rate of $ 1.6294 the pair.

Euro / yen. comments dealers

Euro / yen toward the end of European trading session within a narrow range Y109.10/40. The nearest cluster is located in the Ofer Y109.55/60. Dealers noted that the stronger the resistance lies in the Y109.90/00. His tests can be a catalyst for upward movement until Y110.60/65. Support for euro / yen is in the Y109.10/00. Small bids seen at Y108.70/60. The breakthrough opens the way for this region move towards Y108.20/00, which is the minimum Y108.03 eleventh of August. Currently, the euro / yen is kept at Y109.16.

Insurance against default of France increased by 2 times for 6 weeks

Earlier today, the published data on economic growth in France in the 2nd quarter of 2011. The data reflected a zero growth compared with the 1st quarter, when GDP grew by 0.9%. Economists had forecast growth of 0.3% in Q2. Interestingly, the cost of credit default swaps on French bonds with the highest rating of AAA for the last 6 weeks has doubled to 169.8 basis points more than 3 times the value of CDS for U.S. Treasury bonds, despite the fact that the S & P has deprived the U.S. of the highest credit rating, which had been lowered to AA +. Recall that the cost of 1 basis point is $ 1000 a year for insurance for every 10 million of debt. Accordingly, the cost of insurance against default at 10 million 5-year French bonds rose to 169 800 dollars per year, while similar to the cost of insurance against default of U.S. bonds is 52 500 dollars in god.Istochnik: Forexpf.Ru - Forex Market News

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EUR / USD: Euro tested for durability

The EUR / USD on Thursday morning trading on currency market (forex) with an increase after going down in the Asian session, testing the local minimumy.K 9.30 Moscow time the euro is worth 1.4247 against the close of trading yesterday at 1.4177. On the eve of a new wave of panic selling in global financial markets was triggered by investors' fears that the big French banks face a lack of liquidity, which will be the beginning of regular large-scale debt problems, this time in the volumes Frantsii.Poka markets do not have the information confirmed by a high-ranking French investment urovne.Segodnya traders continue to focus on external information flows, given that in the evening, there are data on the number of claims for unemployment benefits in the U.S. for nedelyu.Skoree likely the pair EUR / USD will auction on Thursday, without going beyond the range of 1.4130-1.4280 .

Forex

Forex, currency market forex trading forex - who are not familiar with these words now? The forex market gives everyone an opportunity to make money, but not every trader will successfully implement their trading strategies. Currency trading allows traders to profit on price differences. Speculate currencies without leaving the house, it is enough to have a computer connected to the internet, but you can on the road with your phone or smartphone.

What is Forex? It is the largest in terms of the OTC interbank market currency trading. The best traders make trading the financial markets in their profession and live only for income from market price fluctuations on the currency.

Foreign exchange market FX

Foreign exchange market - is Foreign Exchange Operations, abbreviated ForEX or FX.

In the Forex market has no single center - it's interbank trading. Foreign exchange market is never at rest, the price of currency changes every second, this constant struggle of "bulls" and "bears". The fight began in 1971, since the failure of the Bretton Woods system of fixed exchange rates based on gold equivalent and the transition to a free exchange rate relative to each other.

The scale of the forex market is huge. Every day here is bought and sold about $ 4 trillion. and these volumes are constantly increasing. That's a lot more of any commodity, stock, futures or any other financial or commodity market (compared to daily volume of the stock market - about $ 300 billion, the currency futures market - about $ 40 billion).

Forex currency trading

Currency trading takes place through the exchange of quotations in the electronic communications systems (ECN) between the largest banks and financial institutions - a process that occurs continuously 23 hours a day, 5 days a week. Forex allows you to receive high profits from even the minimum price fluctuation because trading takes place with an arm (leverage), which increases your chances, but also risk, 100 times or more.

Software - Trading Platforms

Access to market rates provides brokers and dealers (DC - dealerships) - specialized organizations, in addition need the program - trading platforms. We provide traders with a great selection of the best platforms. For beginners we recommend Broco Trader or IFX Trader - both based on the program MT4. Both novice and experienced traders will be useful platform ForexTrader Pro.

For institutional clients, as well as for active traders who want immediate execution and tight spreads, platform: Currenex Classic, which is designed to work in the interbank market from ECN systems.

What is different from the broker dealer?

Because FX is not a stock market, every company - the dealer (dealership, DC) is a market maker (vendor quotes) to their customers. Traders can always get the quote, which currently benefit from this dealer.

ECN broker is only executes client orders, passes orders to the interbank foreign exchange market. Clients such brokerage firm have direct access to quotes directly from major banks (ECN system Currenex).

It's not often scalper currency has the opportunity to work with a broker and not with DC - we provide that opportunity.

FOREX MMCIS group

Unlimited opportunities of the Forex market are attracted to him not only to large investors, and novices in this business. Thousands of traders are convinced that the forex broker «FOREX MMCIS group» has a distinct advantage over other companies and offers the most favorable conditions of work in the Forex market.

Traders who are just beginning their journey to the top of the forex market, certainly useful thematic collection of books on all the subtleties of the forex market.

Excellent opportunity to increase your initial deposit you will be a variety of bonus programs and contests that offer forex broker «FOREX MMCIS group».

The key to successful and profitable trading in the Forex market - the ability to correctly assess the situation and respond to it correctly. Analytics Forex broker «FOREX MMCIS group», prepared by a team of professionals always comes on time and with high accuracy helps to predict the dynamics of currency, stock and commodity markets.

For those players who have the capital to start, but, alas, does not have time to trade our forex broker, make use of Trust Management. In the rating of the Governing traders, which is available to customers of the company, all participants are certified. They not only save you time and increase the size of your income.

Experience all the advantages of working with professionals - and lay the foundation for your success in the Forex market with the best broker!

Market Trading FOREX (FX)

FOREX (Foreign Exchange) - OTC interbank market in which transactions occur around the clock sale of a non-cash foreign currency for another.

Other financial markets FOREX differs the greatest volume of trading (more than 2.5 trillion U.S. dollars a day), the lowest cost of transactions and the fastest cash flows. This is the only global financial market that works 24 hours a day. Another feature of the FOREX (FX) is the absence of a specific marketplace. Market participants (central and commercial banks, investment and brokerage firms, regional currency exchanges) are located around the world and selling over the telephone and through computer terminals.

The advantages of the currency market FOREX

Service conditions

To conduct foreign exchange transactions in the market FOREX (FX) with natural and legal persons in the territory of the Russian Federation have the right to only banks with foreign exchange license from the Central Bank of Russia. They are subject to all regulations of the Central Bank, and the relationship between the bank and the client - the rules of civil law. Therefore, working in the FOREX market via a Russian bank, you get a 100 percent guarantee of safety of funds deposited in your account, and are protected by Russian law.

As one of the leading market makers market FOREX (FX), VTB 24 offers you direct access to trading on favorable terms:

a large number of listed currency pairs (at least 23, including the USD / RUB and EUR / RUB);

clock service, 5 days a week (from 03:00 to 00:00 Monday to Saturday, for the Rouble pairs - from 10:00 to 19:00 Moscow time);

a minimum deposit of U.S. $ 2,000 (for the Rouble couples - U.S. $ 10 000) for individuals, U.S. $ 10 000 for legal entities;

Leverage from 1:1 to 1:100;

no commission for the transaction, no fees for opening and maintaining accounts of individuals;

the possibility of concluding deals on live prices;

Spreads from 4 points on the main currency pairs;

interbank market spread from 2 points for transactions in the amount of 500 000 units (in accordance with generally accepted banking practices);

accept all types of market orders (Stop-Loss, Take-Profit, IF DONE, OCO);

Remote management of accounts and withdraw funds from your trading accounts, including credit card;

ability to make transactions using the system Reuters Dealing, online trading system, Online Broker, as well as by telephone;

Free installation and use of OnlineBROKER, including software for encryption;

toll-free number for trading regional clients;

hour technical support;

analytical support and news feeds online;

Dealers and analysts consulted the bank's market;

daily reports on the bank of the transaction.

In transactions on the FOREX market via Online Broker, except the usual password protection, uses a system of cryptographic protection Inter-PRO, developed by "Signal-COM".

Become a client

To get started in the market FOREX (FX), you should enter into a contract to conduct foreign exchange arbitrage and execute the necessary documents. To do this, you can contact the central office in Moscow or at your nearest regional affiliate.

Forex Analytics

Internet Trading Forex!

Are you interested in Forex Market Forex? With our company to conduct online trading Forex (Forex trading) on the foreign exchange market has become much easier, more profitable and safer. By choosing us your dealing center, you will not need any other site Forex, Forex brokers or others! Cooperation with Forex4you allows you to find out what the Forex market and get a lot of useful information: daily updated data (exchange rates forex), forecasts, forex index, reviews and news, trading signals Forex, as well as to communicate with colleagues and download the necessary programs to work at Forex. We are constantly improving our condition and give you the unique opportunity that will make your trade on the Forex exchange the most convenient, efficient and, therefore, profitable.

Cent account trading.

We provide the best opportunity for novices to try their strength and hone their skills in trading Forex. The main feature Cent accounts is that transactions on the Forex are not just in dollars and cents, that is, the amount of transactions can be 100 times smaller. Thus, you can make transactions on the Forex with actual money, but without the need for significant start-up capital, and your risk of losing a large amount of forex reduced to a minimum! Cent by the company Forex4you allows you to understand and learn how to work with real money on the Forex and broaden their experience as long as you're ready to go to great deals on Forex. Grow on cent in the company account and go to Forex4you Classic-account!

Affiliate Program Forex.

Do you have your own website? Then you hold a unique opportunity: Forex exchange can help you earn money without investing money! You do not have Forex broker to know what Forex trading Forex or have a site, the subject may be any! It's simple - through their website you can attract new customers and partners to work at Forex. The best part is that you get the money even for those people who came to our site from you attract partners and customers. Sign up for our unique affiliate program forex «Multilevel» and earn extra income. To participate in this program does not need to have experience with our company since the currency Forex market will be available both for professionals and beginners. And now we are paying partners for scalping!

Bonus Program Forex.

We value our customers, and pays special attention to new traders. We offer you a unique bonus program for more profitable trading. Our company is ready to return 25% of the spread, if you implement on your Forex account required turnover. Each of our Forex traders can choose the percentage of bonus accruals, but the higher the percentage, the greater should be your trade account Forex. You can assign multiple bonuses and get a result even more profits from trading Forex. It also makes Forex4you special offers and gifts: We can return to 50% of the spread of your transactions! By opening an account with us, online forex trading and Forex exchange for you become more accessible and understandable, and profit margins - more attractive!

How to choose a broker to trade the FOREX?

Many new traders when choosing a broker is lost in the huge list dillingovyh centers and can not choose for themselves the right broker with whom you can work without problems, without detracting from the trading in financial markets.

How - is to choose the right broker? On that first note?

Below are the criteria on which, above all, pay attention to when choosing a broker.

1) Reliability. This criterion includes such parameters as the availability of licenses for brokerage activities, while working on the brokerage market, the presence of positive feedback from customers that can be read on a variety of independent forums. Also, a trader needs to know what a market maker broker takes the money on the international currency market Forex. This should be a serious organization with an excellent reputation.

2) Legal clarity. Every company is seriously engaged in brokerage services must be a legal contract, which must be specified all the details of the trader. It should be clearly spelled out the rules for resolving disputes, the rights and obligations of the parties, the rules of the broker and the client. This agreement can often help to resolve many disputes trader and broker in working order, without going to court. In addition - as the presence of publicly available evidence of such a document open and honest the company's work with clients.

3) insurance funds. In major companies, have long engaged in brokerage services, customer must be insured by an insurance company. If your funds in the account are insured by the brokerage company - you get them in any way, that - no matter what happens with the broker.

4) Terms and conditions. This item includes such parameters as the magnitude necessary to spread trader pairs, the size of the shoulder, the minimum deposit. Broker who offers the most competitive trading conditions being equal parameters will always be a favorite among traders.

5) Competent staff. Do not hesitate to call your future broker and ask any questions you have. Dialogue with employees broker will assess literacy personnel broker - if you do not get a clear answer to your question - better with the broker does not work.

6) Rules and opening an account with a broker. Advance is to know whether the broker receives the electronic money demands - whether a copy of a passport when opening accounts or other documents necessary - if signing documents with his own, or rather open an account online broker. This knowledge will allow you to protect yourself from surprises in working with a broker in advance and plan their work and opening an account with a broker.

This is perhaps the main points, which you should look for when choosing a broker. It is best to choose a broker to make his short list with the given parameters and like a broker for these parameters, such as a five-point system. Thus, you get an independent rating of your broker, which you can choose the best one for you dealing center.

If you do not want to spend time to evaluate multiple brokers according to this method, we can recommend you a broker NordFX, who was unanimously selected the team website as the best broker in today's money to trade the Forex market.