Market review for the week of 13.05.2013 – 17.05.2013

The US Dollar has strengthened its positions over the period of May 13-17 as the economies of its main rival currencies either continue to remain in recession or slow down at a lot higher pace than that of the US. In particular, the Eurozone continues to remain in recession for already the sixth quarter in a row. Besides that, the Bank of Japan has received support from the G7 countries regarding its planned quantitative easing program. With this background, the USDX index in the second half of the day on Friday has gained 0.9% in the week’s aftermath. Additional support for the American currency is being provided by statements of some US Federal Reserve representatives about the regulator considering the possibility of decreasing the quantitative easing program’s volumes as soon as the end of the summer.

Read more

PipJet trades review for the week of 29.03.2013 – 10.05.2013

Account #1(GMT+2)

Open Time

Type

Size

Price

S / L

T / P

Close Time

Price

Profit

2013.04.04 00:21

sell

0.56

1.01487

1.01995

1.00888

2013.04.04 01:55

1.01443

24.29

2013.04.09 23:00

sell

0.57

1.01620

1.02138

1.01127

2013.04.10 02:00

1.01607

7.29

2013.04.09 23:48

sell

0.51

1.01620

1.02139

1.01027

2013.04.10 01:54

1.01619

0.50

2013.04.10 23:12

buy

0.57

1.01439

1.00933

1.02039

2013.04.11 00:26

1.01440

0.56

2013.04.15 23:19

sell

0.28

1.02564

1.03953

1.01964

2013.04.15 23:20

1.02514

13.66

2013.04.15 23:19

sell

0.29

1.02564

1.03953

1.01964

2013.04.15 23:53

1.02453

31.42

2013.04.23 23:59

buy

0.28

1.02577

1.02071

1.03177

2013.04.24 00:05

1.02631

14.73

2013.04.23 23:59

buy

0.29

1.02577

1.02071

1.03177

2013.04.24 01:04

1.02630

14.98

2013.04.25 00:37

sell

0.57

1.02586

1.03105

1.01994

2013.04.25 01:37

1.02564

12.23

2013.05.02 23:01

sell

0.58

1.00869

1.01379

1.00269

2013.05.03 16:40

1.00868

0.58

2013.05.02 23:01

sell

0.52

1.00898

1.01409

1.00401

2013.05.03 16:31

1.00898

0.00

2013.05.09 00:54

buy

0.58

1.00257

0.99737

1.00750

2013.05.09 04:29

1.00284

15.62

 

Read more

MD trades review for the week of 29.03.2013 – 10.05.2013

ATC (GMT+2)

Open Time

Type

Size

Price

S / L

T / P

Close Time

Price

Profit

2013.04.03 00:01

sell

14.75

1.28254

1.29022

1.27654

2013.04.03 00:09

1.28204

737.50

2013.04.03 00:01

sell

11.01

1.28262

1.29184

1.27762

2013.04.03 00:05

1.28210

572.52

2013.04.03 00:01

sell

11.02

1.28262

1.29634

1.27762

2013.04.03 01:47

1.28216

506.92

2013.04.03 00:01

sell

14.75

1.28254

1.29397

1.27654

2013.04.03 01:47

1.28220

501.50

2013.04.10 00:23

buy

14.83

1.30797

1.30099

1.31397

2013.04.10 00:46

1.30848

756.33

2013.04.10 00:23

buy

14.84

1.30797

1.29753

1.31397

2013.04.10 01:45

1.30813

237.44

2013.04.10 23:36

sell

14.87

1.30745

1.31345

1.30245

2013.04.10 23:38

1.30695

743.50

2013.04.10 23:36

sell

14.87

1.30745

1.31345

1.30245

2013.04.11 00:59

1.30685

892.20

2013.04.23 23:12

sell

14.93

1.30056

1.31246

1.29556

2013.04.23 23:27

1.30006

746.50

2013.04.23 23:12

sell

14.93

1.30056

1.31246

1.29556

2013.04.24 00:12

1.29987

1 030.17

2013.04.25 00:51

buy

30.00

1.30122

1.29614

1.30722

2013.04.25 01:54

1.30142

600.00

Read more

Forecast for the week of 13.05.2013 – 17.05.2013

Over the period of May 13-17, no significant macroeconomic data releases are planned, capable of impacting the Dollar’s positions. The main release will be the retail sales data to be published on Monday, May 13, at 12:30 GMT. Traditionally, the report will have a moderate impact on the traders but can provoke movement across the market which will have an effect on the Dollar’s intraday trends. In general, the Dollar’s positions somewhat strengthened after the labor market data decreased pessimism regarding the US economy’s prospects. Besides that, the world’s leading central banks state their determination to ease the monetary-credit policy. With this background, the Dollar has chances to continue strengthening.

Read more