Blog Archive

Forex Market Hours

How to use the Forex Market Time Converter.

Forex News - the fastest breaking news, useful Forex analysis, and Forex industry news, submitted from quality Forex news sources around the world. ForexTime (FXTM) is a leading forex broker specialising in forex trading, CFDs, stocks, commodities and spot metals. Start trading forex with FXTM!

Haven't registered yet?

This meeting is fairly important as Eurozone Finance Ministers are meeting up determined in extending the amount of time that is required for bridging the gap of the deficits, which would help the reduction of these deficits by EUR Billion till ; moreover delaying the decision of Greece bailout of EUR Billion.

We use cookies to save your preferences and provide you with a more localized experience. If you accept our use of cookies you can continue browsing. Please see our Cookie Policy for full details and how you can opt-out.

If you continue browsing, you consent to our Cookie Policy. Log in Register Register. Diversify your portfolio with copy trading.

Get more value for every trade through. Trade the Financial Markets with a. Never miss a minute of market activity ever again! Could the Dollar be turning the corner? View all videos Get the App. Fruitful Basic Technical Analysis seminar in Yangon.

Forex Education Educational Videos Learn how to trade forex with educational videos tailored to your skill and experience level. FreedFx has made an all-time profit of Only a breach below of 1. However if selling appears to be solid a break of 1. Nevertheless if sideways movements continue then we would be sticking on the levels instated. The levels of around 1. We keep our bias on the upside. Brokers said reports of less than average monsoon rains this season might hamper efforts to boost economy and hurt company earnings this quarter impacted the market sentiment.

The gap down open in the market has definitely enabled the sellers to prompt their activities considering we had yet other depressing FOMC minutes where no sign of QE was provided. This shifted the mindset of traders which now in turn are in selling activities. The immediate resistance comes in at levels followed by levels on the rising trend line former support and now resistance. Expect selling pressure to remain at higher levels unless we have a fundamental trigger which makes the price action to close above levels, would negate the bearish bias.

The Indian Rupee extended losses on Monday falling to its lowest levels in almost a week led by weak cues across the Asian and European stocks markets and post the acute drop in the Euro on Friday which slipped to its two year lows below the 1.

Broad weakness in the domestic stock markets also put pressure on the local currency which finished with a loss of a percentage yesterday. It seems even though a slight positive reaction in the European currencies did not aid any boost to risk appetite neither towards appreciation to INR value.

We therefore require a more of a fundamental trigger that would enable an upside in the same. This has inflamed economic concerns that has actually paved for equity markets to trade lower and thus has indeed choked on Indian equities forcing them to par their mild gains that has been incurred in the previous week.

The rate cut by ECB and China has been factored in last week, but what keeps pressure going on the equity markets too trade in the negative would be the deprecating value of the home currency and moreover with oil prices shooting back are providing concerns on the debt factors in the economy.

However the monsoon climate could have provided some sort of respite in an otherwise bear market conditions. Supports at , followed by

Learn to Trade

So why is there a high uncertainty in the market today…awaiting for results on the meeting? CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Closed On:

Ready to Trade Forex? The immediate resistance comes in at levels followed by levels on the rising trend line former support and now resistance.

Copyright © 2015

Powered By