In the second quarter of this year, economic growth in Britain was 0.8%, which, according to experts, shows that the country’s economy has recovered to pre-crisis levels.In annual terms, GDP growth is 3.1%. According to the National Statistical Office of the United Kingdom, the data surpass parameters in 2008 by 0.2%, when the British economy was at its peak. The main growth was observed in the service sector, which is an essential part of the British economy - almost 80%. Other industries, such as construction and manufacturing, still far...
The AUDNZD has corrected sharply as visible in this H4 chart, but managed to form a double bottom. The minor rally from the first low was halted by its declining resistance level which is enforced by its descending 50 DMA. This currency pair has now retraced its bounce and we expect it rally from here and attempt a breakout which may open up a rally back to 1.2400 which would be around its 200 DMA. MACD has shown improvement in momentum and we expect the next rally to perform a bullish centerline crossover which should further fuel the rally....
The fact that foreign exchange trading has become such a globalized activity means that macroeconomic events play an even greater role in forex than ever before. With buyers and sellers from all corners of the globe participating in trillions of dollars of trades each and every day the forex market is a true global marketplace. As forex traders we should always be aware of economic events and trends which have big influence on the forex market. The state of a country’s economy determines its currency value. A growing economy is generally the...
While forex used to be the domain of large financial institutions and super-wealthy individuals, people can now get involved with as little as a few hundred dollars in capital. Investing in forex used to be the exclusive preserve of an elite group of hedge funds, investment banks and multinational corporations. For individual investors the FX market has been effectively off-limits; there were a lot of complex legal documents to sign before a bank would consider trading with you. All this has changed over the past ten years thanks to the...
The last ten years, most of the interests of investors were focused on fast-growing emerging markets - Brazil, Russia, India and China. But the boom around the BRIC countries is weakening. It's time for investors to reconsider their approach to investing in emerging markets. Demand for raw materials has been the fuel for explosive growth in emerging markets since the beginning of 2001. China joined the World Trade Organization and began land reform, which has caused a huge building boom in the most populated country in the world. China...
