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Company News – Silver of "Money Run": female way of a trader

Dear Clients,

Once again we are pleased to see the ladies in the top three winners of our contests. Meet the trader Non, who took 2nd place and won $750!

What do you do and how long you are trading on Forex?

I have always been interested in financial markets, but I have no education, no profession in this sphere. So, Forex trading is the way to realize my interests. And I work as a mother of 5 children.

Why did you decide to participate in the contest? Is this your first experience?

Yes, this is my first experience of participation in contests. I decided to try. What was a surprise to me when I won a prize!

What was your trading strategy in the contest?

I traded different instruments, but most of all I was pleased with #DAX30 with the volume 0.12 lot. And I have a reason to be proud of myself: I had no losing trades.

What strategy do you use in your trade out of the contest?

I try different strategies looking for the right one. Now I still can not pick one, which I would all trust.

Why did you choose FreshForex as your broker?

While studying the Forex market, I often came across articles from FreshForex encyclopedia. Once I started with these articles, then I was all fascinated by reading the entire site. I got a positive impression, and here I am with you!

What are our other suggestions do you use and why?

I use the promo “35% On Deposit”. The bonus takes part in drawdown — this is what a novice needs on Forex! Thank you for the contest!

We thank Non, our second winner of the international competition “Money Run”, for the answers, participation and victory!

Do you learn trading? We will support you! Connect your account to the promo “35% On Deposit“: you will be able to open positions and lock them, even when your own funds reached zero!

Good luck in trading!
FreshForex — fresh view on money!

 

EUR/USD constructive near term – UOB

The research team at UOB Group expects the pair to remain bid in the next weeks.

Key Quotes

“While the longer-term outlook for EUR is rather bullish, the recent run-up is showing signs of slowing down and long should consider taking partial profit near 1.1400”.

“The next significant resistance is further away at 1.1495. Stop-loss is adjusted higher to 1.1150”.

The research team at UOB Group expects the pair to remain bid in the next weeks…

(Market News Provided by FXstreet)

Riksbank in risk management mode – TDS

Research Team at TDS, notes that the Riksbank returned to risk management, cutting the Repo Rate 15bps to -0.50%, suggesting they may be looking at things like a tiered interest rate scheme to allow rates to go more negative if needed, and also reaffirmed the readiness to intervene in the krona market if the currency appreciates too quickly.

Key Quotes

“They cited in their report a pace of 5% per quarter as a potentially large enough shock to create concerns on unhinging inflation expectations, which might serve as a rough proxy for their pain threshold. Their bigger focus though, remains on keeping inflation expectations anchored. Running almost five years with inflation below target, they are looking through real GDP growth of 3-4% per year given the lack of significant, domestically generated inflationary pressures up to this point. But given today’s decision was driven by their perceptions of the risks, rather than a forecast for a poor base case, if global uncertainty fades, the Riksbank is likely to once again return to the sidelines as long as SEK strength remains measured.”

Research Team at TDS, notes that the Riksbank returned to risk management, cutting the Repo Rate 15bps to -0.50%, suggesting they may be looking at things like a tiered interest rate scheme to allow rates to go more negative if needed, and also reaffirmed the readiness to intervene in the krona market if the currency appreciates too quickly.

(Market News Provided by FXstreet)

USD/JPY: a buy in the short-term – Westpac

Strategist at Westpac Robert Rennie noted the bullish outlook on the pair for the upcoming sessions.

Key Quotes

“We have run with a lazy neutral bias for the last couple of weeks, waiting for better levels to buy USD/JPY sub 117”.

“Those levels have come and gone, yet USD/ JPY has continued falling”.

“We are surprised by the limited commentary from the BoJ/ MoF in recent sessions, but with our JPY NEER model at highs back to Q3 2014, the level of frustration will have to be rising”.

“We expect the BoJ/ MoF to react verbally to rapid ¥ appreciation, thus we shift our bias back to a buy for the week ahead. Clearly, we would need to run a tight stop on this – stop at or below 110”.

Strategist at Westpac Robert Rennie noted the bullish outlook on the pair for the upcoming sessions…

(Market News Provided by FXstreet)

Company News – Finish line of the promo "Cancel of Commissions"

Dear Clients,

The promotion “Cancel of Commissions” is already close to its completion. You have the last chance to fund your account and forget about commission calculations — we canceled them!

Look for your payment system and use the opportunity to save money:

Wallet One
Neteller
China UnionPay

 

100% of commission on deposit are yours!

Good luck in trading!
FreshForex — fresh view on money!

USD/CHF attempts a recovery to 0.9700

The Swiss franc is now giving away part of initial gains vs. the greenback, now driving USD/CHF back to the 0.9700 handle.

USD/CHF lower on risk aversion

Spot has come lower to test multi-month levels following a renewed wave of risk aversion triggered after a sharp sell off in the European equity markets today. The demand for safe haven currencies like JPY and CHF has hurt the sentiment in the risk-associated space, sending the pair lower.

Previously, SNB’s T.Jordan was on the wires reiterating the central bank’s readiness to intervene in case of need, while emphasizing the overvalued condition of the Swiss franc.

USD/CHF key levels

The pair is now retreating 0.32% at 0.9691 and a breakdown of 0.9523 (low Sep.18 2015) would open the door 0.9473 (low Oct.15 2015) and then 0.9251 (low Aug.24). On the flip side, the next resistance lines up at 0.9936 (100-day sma) followed by 0.9997 (55-day sma) and then 1.0025 (20-day sma).

The Swiss franc is now giving away part of initial gains vs. the greenback, now driving USD/CHF back to the 0.9700 handle…

(Market News Provided by FXstreet)