Jump to content

GDMFX

Members
  • Content Count

    2281
  • Joined

  • Last visited

Community Reputation

0 Normal

1 Follower

About GDMFX

  • Rank
    Ahli Rajin
  • Birthday 08/11/2012

Contact Methods

  • Website URL
    http://www.gdmfx.com
  • Skype
    customersupport.gdm

Profile Information

  • Gender
    Male
  • Location
    Kuala Lumpur, Malaysia
  • Interests
    GDMFX is a New Zealand registered company - number 3945518 - and is subject to the relevant laws of New Zealand. Because a client's rights are of extreme importance to us, GDMFX has become a registered member of the Financial Dispute Resolution scheme (FDR) under Scheme Member number FM1624. Our management team has more than 20 years of experience combined. Our team consists of different team members that have different expertise.

Recent Profile Visitors

2692 profile views
  1. [i][b]Forex Technical Analysis: The US Dollar rebounds? EUR/USD[/b][/i] Forex Technical Analysis: Throughout last week the US Dollar declined against its counterpart as the released data showed a slowing of economic growth due to bad weather conditions which negatively affected business activity. [i][b]Technical Outlook[/b][/i] The pair finished last week right on 1.3710 resistance, a level which rejected rising prices several times in the past. Lower moves are very possible but the latest momentum is bullish, especially after the bounce off 1.3480 and the break of 1.3650. A move above 1.3710 would consolidate the control of the bulls and would make 1.3830 the next target, while a bounce lower will shift the balance of power only if 1.3650 is clearly broken to the downside. [i][b]Fundamental Outlook[/b][/i] Monday US Banks will be closed celebrating Presidents’ Day and no major European data is released so the first important event of the week occurs Tuesday in the form of the German ZEW Economic Sentiment. Wednesday the FOMC Meeting Minutes will be released, showing the details of the latest Fed meeting regarding the interest rate and the reasons that influenced the members’ vote. Thursday is an important day as the French and German Manufacturing PMIs are released and Fed Chairwoman Yellen testifies on the Semiannual Monetary Policy Report. This testimony was originally scheduled last week but was postponed due to weather conditions. The US Consumer Price Index which is the main inflation gauge is announced the same day. Friday the US Existing Home Sales are released and the G20 Meetings start. The meetings will be attended by central bankers and finance ministers from the 20 member states and have the potential to generate strong, fast moves. [i][b]GBP/USD[/b][/i] The Pound climbed to 1.6754, the highest level since 2011, fueled by speculation that Bank of England will raise interest rates if the economic conditions keep improving. A positive Inflation Report strongly contributed to the Pound’s strength. [i][b]Technical Outlook[/b][/i] Although we considered the bulls to be in control and we expected moves higher, we didn’t anticipate that a move into the resistance located at 1.6750 would come before a retracement lower occurred. If this week the pair will complete a retracement, 1.6600 will most likely act as support while the upper target is 1.6880. The Relative Strength Index is approaching the 70 level even on a weekly chart and price traveled a huge distance with no retracement so we anticipate moves to the down side but the main direction is bullish. [i][b]Fundamental Outlook[/b][/i] United Kingdom’s Consumer Price Index which is considered the main gauge of inflation comes out Tuesday but Wednesday will probably be the most important day of the week as the Bank of England will release the Minutes of their latest meeting. The Minutes contain a breakdown of the votes regarding the Interest Rate and the Asset Purchase Facility and important insights into the reasons which determined the members’ votes. At the same time the Claimant Count Change is released, showing the change in the number of unemployed people who ask for social help. The week finishes Friday with the release of the UK Retail Sales which account for the major part of consumer spending and are regarded as a strong market mover. Written by: Bogdan Giulvezan The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market. More articles from the [url=http://www.gdmfx.com]best forex broker[/url].
  2.     [B][I]Forex News: US Retail Sales, the day’s market-mover EUR/USD[/I][/B] Forex News: The pair dropped sharply during yesterday’s trading session as the Euro Zone Industrial Production posted worse than expected numbers, indicating decreased activity and a slowdown of the economic recovery. [B][I]Technical Outlook[/I][/B] The latest move above 1.3650 failed to produce the expected results and price returned below resistance on the back of disappointing economic data. This shifts the balance of power in favor of the bears once more but the pair faces support at 1.3550 and moves to the north are a distinct possibility since no clear trend is in place. Today’s important US events will have a strong impact on price movement, overshadowing the technical side. [B][I]Fundamental Outlook[/I][/B] The US Retail Sales are released at 1:30 pm GMT and are expected to slightly decrease from the previous 0.2% to 0.0%. The retail sector represents a major part of the entire consumer spending which in turn represents the biggest part of the US economy so better than expected values usually strengthen the greenback. Later in the day, at 3:30 pm GMT Fed Chairwoman Janet Yellen will testify before the Senate Banking Committee regarding the Semiannual Monetary Policy Report and the speech has the potential to be a major market mover so we recommend caution if trading at the time. [B][I]GBP/USD[/I][/B] The Pound strengthened substantially against the US Dollar after the Inflation Report showed the Bank of England has a positive outlook regarding economic growth and hinted about future interest rate increases. [B][I]Technical Outlook[/I][/B] After breaking 1.6440, price stalled there for a while before moving furiously to the upside. Now the important resistance located at 1.6600 is very close but the Relative Strength Index is showing a clear overbought condition on a four hour chart. After such a strong move, a retracement is in order, even if the medium term control clearly belongs to the bears. The pair’s movement will be highly affected by the fundamental aspect and the technical part will be somewhat secondary. [B][I]Fundamental Outlook [/I][/B] Although the United Kingdom didn’t schedule the release of any economic or financial indicators, the US Retail Sales and Janet Yellen’s testimony will most likely generate volatility and sharp moves. Written by: Bogdan Giulvezan The article above is based on the writer’s 5-year experience and it does not constitute trading advice or investment recommendations, just a personal opinion and view of the market. Source of article from the [url=http://www.gdmfx.com]best forex broker[/url].
  3. GDMFX

    Gdmfx - Gdmfx.com

    GDMFX is a New Zealand registered company - number 3945518 - and is subject to the relevant laws of New Zealand. Because a client's rights are of extreme importance to us, GDMFX has become a registered member of the Financial Dispute Resolution scheme (FDR) under Scheme Member number FM1624. In addition to the fact that GDMFX is committed to upholding the highest industry standards our clients can feel even more comfortable by knowing that that they can lodge any dispute to this independent body for an impartial review and decision.GDMFX provides Forex trading on and offline to institutional and retail investors. The financial securities offered by GDMFX include Foreign Exchange (FOREX), precious metals, energy, and commodities CFD. As an online brokerage, GDMFX is expanding globally, extending our services across the continents and consequently enabling enthusiastic traders around the world to trade various financial instruments that we offer.Reason why you should join usLow minimum account opening Tightest spreads available Mutiple platform types Hermes Academy for traders State of the art trading server Swap free accounts Attractive bonuses High leverageAccount Types Segregation Of Clients FundGDMFX maintains segregated client accounts to ensure that client funds are fully segregated from GDMFX operating accounts at all times. We maintain the strictest policies and protocol to safeguard all client funds deposited at GDMFX and all activities are monitored and reviewed from time to time to prevent the use of client money by the firm for its own account at all times.
×
×
  • Create New...