Forex news

Many large billionaire investors worried about the current market conditions. 

Indeed, at present there are significant advantages to passive strategies with low risk and long-term investment. And, obviously, some of the "best" of investors on Wall Street often painfully mistaken.

If within three years, many market participants are simply ignored by the single European currency, but now the demand for it begins to grow again. 

If at the beginning of the year, the currency has recorded fourteen-year minimum, after 8 months of currency could reach the level of 2015 - $ 1.1910 and is not final. This year, the euro has become the best currency of the Group-10.

Chinese companies absorbers are willing to spend $ 1.5 trillion on the purchase of other companies and investing abroad in the next 10 years, which is 70% more than in the previous 10 years, according to Linklaters LLP reported on Tuesday. 

Over the past decade, Chinese companies have already invested in foreign enterprises $ 880 billion.

According to the quarterly report of the World Gold Council (World Gold Council, WGC), China and Russia are increasing their gold reserves. During the second quarter of 2017 the Bank of Russia added to its reserves 35.7 tons of gold and total gold purchases for the first six months of 2017 totaled 100.6 tonnes. General reserves of the Bank of Russia to the end of June reached 1,715 tonnes, ie. E. Accounted for nearly 17% of all foreign exchange reserves of the Central Bank.

Brexit negative impact on Scottish oil capital Aberdeen, the city will suffer most of all British cities. London is also strongly affected by Brexit and faced with falling economic output by 2.6% in the medium term, according to experts at the London School of Economics.

Over the past few days came a lot of news about market regulation cryptocurrency. For example, in the State of Washington, USA, 23 July joined a law that equates kriptovalyutnye exchange to companies involved in remittances. Accordingly, they must obtain a license. In India, in the state of Karnataka, in the second half of the year are going to have a discussion about the future of digital currencies and the creation of the initial scope of market regulation.

Facebook and Amazon have joined the exclusive club open only to the richest companies in the world: ry night cost of both companies exceeded half a trillion dollars.
 

Although the main event of this year, market participants is the reduction of the US currency, but it can overshadow the yen against the background of a tightening of monetary policy around the world. 

According to Morgan Stanley bank statements, its profit has increased significantly and exceeded the forecasts, helped by the improvement in the investment business and the division of wealth management. 

Thus, the bank's profit for the second quarter rose to $ 1.76 billion. Thus, the profit amounted to 87 cents per share, while the forecast it was expected to reach 76 cents. Revenues were $ 9.5 billion vs. $ 9.09 billion,

About 30 years ago, The Economist magazine found the perfect solution to evaluate the various currencies relative to the US currency - the decision index Big Mac. It is based on the theory of purchasing power parity, namely, comparative characteristics specific basket of goods and its price in different countries.
 

It has become certain that the supply of new iPhone 8 will be delayed by approximately three to four weeks on the background of the problems in the production of the fingerprint sensor, which had to be improved. 

Managing Director of the International Monetary Fund Christine Lagarde said she did not rule out the possibility of another financial crisis, noting that the comments made recently by the chairman of the US Federal Reserve Janet Yellen, may have been premature. 

Gold prices could come under pressure today, "risky" environment for shares in terms of higher interest rates, but some analysts expect that the price will recover and show that the precious metal may give investors some real protection against risks.

Trading opportunities for the currency pair: The price is trading around the upper boundaries of the A-A and C-C channels. On the monthly timeframe, there’s a risk of falling to 1.25, but the euro is expected to strengthen significantly from September onwards. In connection with this, the range from 1.1475 to 1.1595 will be used for selling euros, with targets of 1.12 and 1.0925. If, from September, the price continues to trade above 1.1290, it would be wise to close all short positions. In such a case, buyers will push the price to 1.25 to the upper boundary of the D-D channel. If we get a breakout of the C-C channel in July, it’s worth changing our target from 1.25 to 1.27.

Trading opportunities for the currency pair: The price has twice rebounded from the S1 line. Because of this, the Aussie dollar is expected to strengthen against its Canadian counterpart as far as the TL1 line with targets of 1.0211 (high point from the 7th of June) and 1.0327. This scenario will not play out if the daily candlestick closes below 0.9948.