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[Volkov Yuriy]

How exactly is ECB going to tackle inflation?
Review of the past week


The last trading week of January was marked by consolidation of US dollar against the most part of its competitors. Core event of the week was Fed's meeting where FOMC members unanimously voted for continuation of QE-3 tapering. Besides, Ben Bernanke for whom it was the last chaired meeting stated that the economy will moderately grow and the recovery of labor market is expected to continue as well. Tapering of stimulative measures is negative for all risk assets.


On Friday 31, European preliminary inflation data was released. CPI was below expectations and is based on the level of 0.7% signifying that threat of deflation for the European economy is still vital. EUR/USD has been under pressure over the entire week and closed trades at the point of 1.3486.


Great Britain published GDP for the 4rd quarter of the previous year. The index is 0.7% and such value met expectations of market players. While speaking on Jan 29, BoE governor Mark Carney confirmed the regulator's unwillingness to raise interest rate within the nearest time, even if unemployment reaches target level. FOMC's decision to cut stimulative measures for 10 bln USD from Feb 1 was negative for British currency. Following to Fed's meeting, pressure on GBP/USD grew and trading week was closed on the level of 1.6438.


According to the last week's results, Japanese yen showed a symbolic growth in 0.2%. Positive stats on retails and inflation in Japan supported yen's quotations. Decline of Nikkei 225 stock index futures also played in bulls' hand. Nevertheless, we did not witness a significant consolidation of Japanese currency. A long-term ascending trend for USD/JPY is still in effect and one can see investors opening long positions after each strong decline. Trading week finished just above 102, on the point of102.02.


Forecast for the week February 3 – 7

 

[Volkov Yuriy]

How clients of “FreshForex” company traded in January

Dear traders!

The first month of 2014 year had come to the end, so it's time to summarize trading results and underline the most important events of January.
The U.S. Fed continued to taper stimulatibg program QE-3 and this fact had a negative influence on EUR/USD pair. CPI report for Europe published at the end of the month showed a decrease down to 0.7%, this way indicating the threat of deflation. Because of these negative factors, EUR/USD pair remained under pressure and finished the month at the point of 1.3486.

Over January British currency moderately had been decreasing against its US rival. The unemployment rate declined down to 7.1%, which encouarged "bulls" to open long positions. The situation changed after the announcement of the British regulator that there is no need to raise interest rates since unemployment rate had reached target level of 7%. Investors took this information negatively, and during remaining time of the month price had been going down. Having lost 0.85%, month's trading finished at the point of 1.6438.

In the first month of the year it was a decrease in quotations of USD/JPY. There was a meeting of the Bank of Japan on January 22. No change in monetary policy was declared and it disappointed "bulls" trading with this pair. Investors' leave from risky assets led to a decline on leading global stock exchanges, which was also a negative factor for growth of the pair USD/JPY. At the end of a month Japanese yen added 3.2% and finished trading at 102.02.

Below we offer you to have a look at the results of “FreshForex” clients trading in January:
• 596% of the deposit for the month. That's how much was earned by one of our clients using aggressive trading methods, accompanied by an enormous risk;
• 25,034 trades per month. More than 1000 trades per day was made by a trader with the help of high frequency EA.
• 63% of traders ended January with profit. This is the share of customers with deposits of $ 10,000 and above. The large deposit allows you to have a good "safety bag" and reduce your risks;
• $122,260 is the best result of January and a record amount for the company. In January especially during the Christmas holidays most traders trade reluctantly, as there is a lack of liquidity on market and the time when Central Banks only approve plans for the year. But there are those who can avail from market's uncertainty and demonstrate such results.

We remind that you can find the most important figures regarding company's operation in “Facts and figures” section of our web-site.

 

[xshot007]

Launch of on-line chat on the English web-site

Dear traders!

Increased attention and special care of each our client has always been a main advantage of “FreshForex” support service.

We value the time of our clients and have launched on-line chat of client support service for a prompt settlement of clients' issues. Now it is even easier to contact our support service!

During working time of the company you can in a matter of minutes solve current issues, get advice on deposit and withdrawal matters as well as to get essential information on trading terms of the company and its promotions.*
To proceed with on-line chat, click the button in the upper right corner of the web-site.

consumers of freshforex come from all over the country and with the addition of the chat feature of the English language is very helpful in the process of service freshforex.

 

[xshot007]

A new payment method - Skrill – is now available!

Dear traders!

We are glad to inform you that deposit and withdrawal through “Skrill” payment system is now available to all “FreshForex” traders.

“Skrill” allows to conduct finance operations via the web without revealing card and bank details. That is precisely why using “Skrill” is not only comfortable, but is also safe. The account in “Skrill” can be easily replenished with bank card.
To be able to add and withdraw your funds with the help of “Skrill” system in “FreshForex” company, it is enough to verify your personal data in the Personal area.

Replenishment through “Skrill” system is free of charge. When you withdraw funds from your trading account, "Skrill" commission is charged in the rate of 1% from withdrawal amount but not more than 10 EUR. The system works in US dollars. Conversion into currency of deposit is made under the company's internal rate by the moment of transfer. If your Skrill account is opened in the currency different from USD, conversion of Skrill account currency into USD is conducted under the rate of Skrill system.

Check company's web-site to find details about other methods of deposit and withdrawal.

Skrill is the popular online payments in the world. With the addition of this feature to simplify all freshforex consumers transact using skill.

 

[Volkov Yuriy]

Time is ripe to sell EUR/USD
Review of the past week


Since the last week was the first week of the month, it was traditionally eventful. According to its results, EUR/USD pair consolidated for 1.1% as ECB governor was positive in his comments and labor market report in the USA was weak. Mario Drahgi continues to surprise market with his optimism. On Thursday 6, while speaking in the ECB meeting, he stated that deflation does not threat Europe now and there is no sense to apply measures to cope with it now. Investors were encouraged by this statement and EUR/USD went above 36.


On the last trading day of the week, release on the US labor market was published. January growth of Non-Farm payrolls was 113 000, which is rather below the figure of consensus-forecast. For the second month in a row, US employers are at an easy pace when it comes to hiring. This is an alarm bell for the US economy and served a background for growth of the European currency. Week's trades were closed at the point of 1.3634. In the fight of bulls and bears on GBP/USD pair there is no winner. Over the past week, Markit Economics research center had been releasing PMI for manufacture and construction as well as for the service sector. Amongst all, only construction report was a good surprise for investors wherease two other were below expectations. This negative background encouraged bears who forced quotations down to 1.6251.


Bulls also paid back in their own coin and got out the most of the weak US Non-Farm payrolls report by raising quotations above 64. Nevertheless, in the end of the week GBP/USD lost its symbolical 0.1% and finished at 1.6407.


Japanese Yen followed its upsurge in January and early February by retreat. Only the first trading day of the week was marked by its consolidation against its US rival as sales on leading global stock exchanges was going on. On Wednesday 5, the report on change in salary for December was published. The figure was above consensus-forecast which supported demand in Japanese currency in the first half of a day. Salary growth will provoke increase of expenses in the future and thus enhancement of inflation. On this background, USD/JPY dropped down to 100.77, but bears were not strong enough to get more. Then bulls joined the game who were not discouraged by weak report on the US Non-Farm payrolls in January. Having added 0.3% for the weak, trades were closed at the point of 102.35.


Forecast for the week February 10 – 14

 

[xshot007]

Time is ripe to sell EUR/USD
Review of the past week


Since the last week was the first week of the month, it was traditionally eventful. According to its results, EUR/USD pair consolidated for 1.1% as ECB governor was positive in his comments and labor market report in the USA was weak. Mario Drahgi continues to surprise market with his optimism. On Thursday 6, while speaking in the ECB meeting, he stated that deflation does not threat Europe now and there is no sense to apply measures to cope with it now. Investors were encouraged by this statement and EUR/USD went above 36.


On the last trading day of the week, release on the US labor market was published. January growth of Non-Farm payrolls was 113 000, which is rather below the figure of consensus-forecast. For the second month in a row, US employers are at an easy pace when it comes to hiring. This is an alarm bell for the US economy and served a background for growth of the European currency. Week's trades were closed at the point of 1.3634. In the fight of bulls and bears on GBP/USD pair there is no winner. Over the past week, Markit Economics research center had been releasing PMI for manufacture and construction as well as for the service sector. Amongst all, only construction report was a good surprise for investors wherease two other were below expectations. This negative background encouraged bears who forced quotations down to 1.6251.


Bulls also paid back in their own coin and got out the most of the weak US Non-Farm payrolls report by raising quotations above 64. Nevertheless, in the end of the week GBP/USD lost its symbolical 0.1% and finished at 1.6407.


Japanese Yen followed its upsurge in January and early February by retreat. Only the first trading day of the week was marked by its consolidation against its US rival as sales on leading global stock exchanges was going on. On Wednesday 5, the report on change in salary for December was published. The figure was above consensus-forecast which supported demand in Japanese currency in the first half of a day. Salary growth will provoke increase of expenses in the future and thus enhancement of inflation. On this background, USD/JPY dropped down to 100.77, but bears were not strong enough to get more. Then bulls joined the game who were not discouraged by weak report on the US Non-Farm payrolls in January. Having added 0.3% for the weak, trades were closed at the point of 102.35.


Forecast for the week February 10 – 14

The EU pair this week still in bearish trend. Your analysis is accurate. Thanks a lot freshforex.

 

[xshot007]

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[xshot007]

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[xshot007]

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[xshot007]

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