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How clients of “FreshForex” company traded in February
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Dear traders!

We suggest you to check results of trading of the past month as well as to refresh the most interesting economic events of February.
U.S. dollar finished February with losses against its major competitors. EUR/USD added 2.3% for the month and closed trading slightly above the 38th figure. Before the ECB meeting on February 6, many investors had been expecting from it the release of quantitative easing that would be introduced to cope threat of deflation. But while speaking at the press conference, Mario Draghi said that in the Euro area there was no danger of deflation and now there was no sense to apply this tool to address this issue. Against this background, there was a sharp rise of the quotations of the common European currency. Weak macroeconomic statistics from the United States also played into the hands of "bulls" as applied to the euro. Bad weather of the first winter months affected economic growth that had put a pressure on the U.S. currency.
In the second month of the year, GBP/USD gained 1.9% in its weight and closed trading at around 1.6744. British regulator increased its estimation of economic growth of the United Kingdom with 2.8% to 3.4% in 2014, which was welcomed by investors. In February, an event occurred which had been long awaited by market participants: BOE designated an approximate date of a possible rise of the interest rate - April 2015. This factor was the main driver of growth for the British pound in February.

No winner was revealed in the battle of "bulls" and "bears" as applied to USD/JPY. A long-term trend for this pair is ascending, but, to continue growth, we need serious drivers. While summarizing its meeting results, Central Bank of Japan announced extension of the credit program to banks provided at a discounted rate. This fact was perceived by investors as additional measures to stimulate the economy and on this positive background, quotations rose to the level of 102.73. As a result, USD/JPY completed trading month with a symbolic reduction at the rate of 0.1%, at around 101.79.

Below we offer you to have a look at the results of trading of “FreshForex” clients in February:
• 4541% of the deposit for the month - the most successful client earned it using multicurrency trading advisor working along the trend;
• 3972 - this is the number of trades made by the most active trader for the month. He received an increase in the rate of 35% without using advisors;
• 59% of traders ended February at a profit - is the proportion of customers with deposits of $ 10,000 and above.
• $250,365 - the best performing client obtained a profit thanks to the active movements of EUR/USD and GBP/USD.
We remind that you can find the most important figures regarding company's operation in "Facts and figures" section of our web-site.
 
"FreshForex" took part in the conference dedicated to financial labor market
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Dear clients!

On February 28, experts of "FreshForex" company took part in the 5th conference named "Labor market in financial sector", held at the Financial University under the Russian Federation Government.
One of the main topics was the issue of selection of professionals for financial institutions. Today, most universities train specialists of a general profile and organizations need to train new employees on their own.
During the discussion, the issue of high competition in financial labor market was raised several times. This problem is related to revocation of licenses from some banks. Now many former employees of banks are in search of job and they can successfully use experience and knowledge obtained in the field of investment and the forex market.
As it was noted by Yan Art, vice-president of the Association of Russia Regional Banks and chairman of the National Association of Credit brokers and financial advisers, "forex brokers has a certain demand in staff. These brokers are coming out of shadow now and have been evolving in their way to license for the second year in run."

"Specialists for forex companies are not prepated by any university. Dealing systems and brokerage are partially studued by students of economic specialties in courses of securities or risk management. In this regard, brokers prefer staff having experiencem whereas s specialist after college does not have a proper idea about the specifics of work and he has to be trained for a long time, "- says President of KROUFR Alexander Kuryashkin.
"FreshForex" company is always glad to see young and ambitious professionals looking for an interesting, promising work in its rows! A list of current vacancies can be found in the special section of our site.
Photos are provided by the Bankir.ru news agency
 
Weekly review of Majors

Dear traders!

EUR/USD
Monthly chart: As you can see, the bulls are gaining speed and ADX on their side. The last frontier before jerk to 1.50 is the upper Bollinger band (1.4034).
Weekly chart: Buyers have a strong advantage. 1.3871 resistance level will be broken and the road is open to 1.4034. In theory, there is one more rollback to the average (1.3713), where purchases are very attractive.
Day chart: We can see, that the rollback is really possible. Catch signals to shopping in the 1.3713 area.

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Conclusion: main plan is a rollback to 1.3713 and a sharp rise to 1.40, with medium-term prospects of going to 1.50.

Read more
 
Euro reached 2 year maximum
Euro

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Leading economies of the currency have already submitted reports on industrial production, only France has published a negative report. The industrial sector growth in January investors may take as the Mario Draghi’s right course, who said that there was no need for additional quantitative easing at the last meeting. In the light of this we can expect a moderate demand for the pair.
Strong demand will hinder geopolitical tensions, which again returns. If the Crimea becomes independent that may push two countries to a new conflict.
The support level: 1.3810-1.3772 and the resistance level: 1.3892-1.3914.
MACD is going down, indicating the current correction movement.

Trading Recommendations
The technical picture remains unchanged. The pair keeps growing. The pair broke 1.3910 up and is heading towards 1.3980. A consolidation above 1.3900 will open the way to 1.4050.
Read more
 
«I'm Siberian» project received recognition of experts!
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Dear traders!

We are pleased to inform you that the project «I'm Siberian», the general partner of which is the «FreshForex» company, entered a shortlist of "Silver Archer" prize in the field of public! The jury appreciated the originality with which the creators of the movement came to the idea of uniting all the Siberians.

«FreshForex» company actively supports the «I'm Siberian» movement. One of the most high-profile joint projects was the great expedition to Elbrus, in which the team of the Siberian climbers made traverse climbing to the highest point of Europe. At the top has been set the flag, composed of many of the expedition participants’ photos, including «FreshForex» customers. The photo-report of the expedition results can be found on our website.

We wish the creators of the «I'm Siberian» project continued success and development!
 
The market holds its positions
Euro


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The Eurozone will publish the final consumer price index data for February. There are no prerequisites for the revision indicator upward, therefore, the release of data on the level of consensus- forecast is expected. Everyone expects full-scale geopolitical crisis between Russia and Ukraine which can put pressure on a risky assets.
The support levels: 1.3910-1.3860, and the resistance levels: 1.3914-1.3980.
MACD is turned up, indicating on the current uptrend, if the indicator is developed downward, it can start a downward movement turn.

Trading Recommendations
Generally, the situation remains positive. Nevertheless, fundamentally, it is difficult to find a good reason for buying the single currency. That’s why it’s not the fact that the pair will move above 1.3937-1.3966.
The loss of the support in the 1.3845-1.3833 will lead to a fall down to 1.3740.

Read more
 
Catch a 33% bonus to your trading account!
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Dear traders!

We remind you that the popular promotion «33x3» from «FreshForex» ends on March 31! Hurry up to take part and get a unique bonus to your account!
«33 x 3» bonus will give you the opportunity to trade without restrictions and stops! Just refill your account for the amount over 200 USD / 6000 RUB / EUR 150 and get a 33% of restocking fee!

Bonus «33 x 3» will allow you to:

• Increase the volume of deals
• Protect your account at drawdown
• Withdraw bonus money

Hurry up, there are only 6 days before the end of the promotion! Please, read the detailed terms and conditions before participating.
 
"33 x 3" bonus plan has been prolonged for 3 months!
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Dear traders!

We are glad to inform you that the popular "33 x 3" promotion has been prolonged till June 30! Activate the promotion on your account and get the unique bonus!
"Bonus 33 x 3" is the trading on the most favorable terms without any restrictions! Just refill your account with the amount over 200 USD/150 EUR and get 33% of deposited amount!

What does "33 x 3" bonus give?
• Increase the volume of trades
• Protection of your account against drawdown
• The possibility to withdraw bonus money

Get 33% bonus and trade to the maximum!
Please read detailed terms and conditions before participating.
 
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Live Forex Chart

Currency
Rates
EUR / USD
1.14836
USD / JPY
156.876
GBP / USD
1.33671
USD / CHF
0.82460
USD / CAD
1.39962
EUR / JPY
180.150
AUD / USD
0.71240
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