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Spotlight on the Fed reserve meeting
Review of the past week


The past week on the Forex market was not very notable in terms of macroeconomic statistics. According to the week's results, united European currency managed to consolidate its positions a little, despite weak European stats. Industrial output decreased by 1.1% over the month, which is the lowest value from October, 2012 and indicates problems of the European manufacturing. On Thursday, 12th, in the US report on retails was published. The volume of retail grew by 0.7% which says about good paces of growth, because consumer expenses play a very important role in the US GDP. Though USD consolidation against its main competitor was moderate and trading week was closed by it on the point of 1.3741.


In the beginning of the past week, GBP/USD quatations have been moderately growing. On Monday 9, BoE Governor Mark Carney stated that British economy allows optimistic estimations and now it is difficult to find the reason of deteriorating of a potential upsurge in the economy. Such positive comments encouraged British currency to set a fresh year high at the point of 1.6464. However the fuel for growth expired at this point and bears entered the game. British economy provided a mixed news background: manufacture grew for 0.4%, whereas visible trade balance sheet was rather worse than the medium line of forecasts. Strong retails stats from the USA poured oil on the fire as well as the positive dynamics of Eur/Gbp.


Trading week was closed by Gbp/Usd pair below 63 figure, at the point of 1.6295. Japan provided negative macroeconomic stats. Total GDP estimation for the 3rd quarter showed reduce by 0.5%. Also it is necessary to underline weak data on business index for big manufacturers BSI, which demonstrated drop in 5.5 points against the previous quarter. In case of further deterioration, one can expect additional softening of monetary policy by Japan that will instigate one more wave of Usd/Jpy growth. Further to publication of a strong report on the US retail, USD/JPY quotes went up and established a fresh year high at the point of 103.91. After that, bulls decided to fix profit and trading week was closed by the pair at the point of 103.24.


Forecast for the week December 16 – 20
 
Company work schedule during the holidays
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Dear clients!
Please be informed about changes in the work schedule of "FreshForex" company's during the holidays.
Changes in the trade schedule:
• 04.12.2013 (Tuesday) - early closing of trade at 8:00 p.m. EET *.
• 25.12.2013 (Wednesday) - trade is closed.
• 26.12.2013 (Thursday) - trade starts at 01:00 EET. CFD on futures - trade is closed.
• 31.12.2013 (Tuesday) - early closing at 4:00 p.m. EET
• 01.01.2014 (Wednesday) - trade is closed.
• 02.01.2014 (Thursday) - the beginning of trading at 01:00 a.m. EET. CFD on futures - opening at 2:00 EET p.m.
* EET - Eastern European Time corresponding to GMT +2 in winter and GMT +3 in summer (time of the company's trading company server).
We remind you that due to low liquidity and high volatility of the market during the holidays, opening of positions incurs an increased risk, so please keep your margin above 200% and protect your positions with Stop orders.
Also, from 24 December 2013 to 3 January 2014, the company's trading conditions may be altered according to regulatory documents of the company (increase of spread, increase of order setting levels, restrictions for trading with certain instruments etc.).
Schedule of customer support service and finance department:
December 31, a short working day - 3:00 a.m. to 10:00 a.m. GMT.
1, 2, 4, 5, 7 of January are the weekends.
3 and 6 of January are short working days - from 8:00 a.m. to 12:00 noon GMT. Please note that from 1 through 8 of January 2014, money transfer can only be made by electronic payment system.
From January 8, the company will work in a regular mode. If you have a question, please contact Customer Support Service or your personal manager.
«Freshforex» company wishes you Happy New Year and Merry Cristmas! May joy and success attend you in the New Year!
 
Currency market is off-side
Review of the past week


The past week on the Forex market was very interesting in terms of events. On Wednesday's evening, Fed Reserve declared about start of seizure of QE3 stimulative program. Chief of the US regulator Ben Bernanke stated on the press-conference that indices of the labor market and GDP are rather optimistic, whereas inflation is scarcely amendable to control, FRS will closely watch this figure. It was also stated that on its next meeting in Jan 2014 the Federal Open Money Committee will consider the issue about tapering of its buying program.


This step taken by FRS was reflected by major currency pairs by moving into both sides, further to which US currency consolidated. Leading stock exchanges responded to this statement by growth of their quotations. This rally encourages bulls a lot when it came to Usd/Jpy pair and a new year high was reached.


British stats continues to encourage investors. This time market participants received a positive report on unemployment level, which reduced by 0.2% down to the level of 7.4%. In contrast to euro, the pound finished the week with a slight growth.


On the last trading day of the past week, Japanese CB's meeting took place. As it was expected by market participants, the volume of bond buying remained as it used to be. Regulator declared that it is ready to adjust its monetary policy whenever necessary. And one can expect that this necessity can arise in 2014, which will lead to further weakening of the Japanese currency.


Forecast for the week December 23 – 27
 
“New Year Money Bag” from “FreshForex” company!

This promotion is very interesting!!
I will check more on your website and i hope i will win one of them.
 
"FreshForex" company wishes you a Merry Christmas!
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Dear Clients!
"FreshForex" company wishes you a Merry Christmas and Happy New Year! May joy and success attend you! Let your life and financial indicators only increase! And to make the holidays even more memorable, we invite you to take part in our Christmas campaign "New Year Money Bag."

"New year money bag” is a big drawing, which Fresh Frost prepared for you. Trade actively during ecember and gain one of three tickets to enroll the drawing of cash prizes from "FreshForex". Detailed information about the promotion conditions can be found right now on our website's "Promotions and Bonuses" section.

Also we suggest you to have a look at changes in holiday's schedule of "FreshForex" company.
 
what spread?can scaalping?can hedghing?can local transfer?can free no deposit?does it really establish 2004?so weird that i never know about this broker before..

kalu was-was, tanyo derek...
kenal ko dok owner intelfx:eek:
 
New design of the “Fresh Forecast” pages
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Dear clients!
We are glad to inform you that we have updated design of the “Fresh Forecast” pages. You can evaluate changes and try a more convenient format of this familiar service right now by clicking on any of the six types of forecast.

We remind you that “Fresh Forecast” is up-to-date and fresh forecast represented in a daily and weekly format. Six types of market reviews from the best experts of “FreshForex” company will help you to be prepared for any movements of the market.

Choose your type of forecast and rely on it for a more profitable trading!
 
5 days are left to the drawing of 30 000$!
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Dear traders!
We are hasten to let you know that 5 days are left to the drawing of New Year money prize - 30 000$ - from “FreshForex” company!
Let us remind you that the company prepared unparalleled promotion for its clients - “New Year Money Bag”. Get one of three tickets to enroll money prize drawing held by “FreshForex”: 25 prizes for 300$, 5 prizes for 1500$ and one main prize – 15 000$!
Be on time to take part in the “New Year Money Bag” promo and get your happy ticket in this big New Year drawing!
Winning numbers of tickets will be selected on a random basis among all participants on December 30 of 2013 year at 8.00 am GMT.

More than 30 traders will become happy owners of money prize.
Do not miss your chance! Please learn detailed terms of the promotion.
 
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Enter New Year with a reliable protection of deposit!
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Dear traders!

December 31 is not only the last date of the year, but also of the “Insurance against Stop Out” promo. However, Fresh Frost has prepared one more gift for traders!
By numerous requests of clients as well as in the honor of coming New Year, Fresh Frost extends a popular promotion till March 31 of 2014 year!

“Insurance against Stop Out” is a reliable protection of your deposit against failing trades. Just switch your account to the promo and get up to 100% from replenishment amount on the event of Stop Out.
You may always consult our support service about any question either contact your personal manager.
Please study terms of the promotion.

Wish you Happy coming New year and successful trading!
 
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Live Forex Chart

Currency
Rates
EUR / USD
1.14737
USD / JPY
156.876
GBP / USD
1.33825
USD / CHF
0.82419
USD / CAD
1.40087
EUR / JPY
179.902
AUD / USD
0.71218
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