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Fort Financial Services

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About Fort Financial Services

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    Advanced Money Maker
  1. $50 Welcome Bonus Dear Traders We are pleased to announce the start of the new promo-action “Welcome Bonus 50 USD”. As from 20.03.2017 to 31.03.2017 inclusively all clients are eligible for a 50 USD welcome bonus or the equivalent in another currency. New clients as well as those who already work with Fort Financial Services may take advantage of this bonus. If you are our client already and have previously received a 5 USD welcome bonus, you may also get the 50 USD welcome bonus during the promotional period by clicking the “Get bonus” button in the corresponding section in your trader’s room. In addition, if your previously received bonus of 5 USD is still active then you will be able to continue working with it. As a result, some of you will have the chance to work with both bonuses: the old and the new one. The required trading turnover for each bonus will be completed sequentially. Terms of the "Welcome Bonus 50 USD" program are available https://www.fortfs.com/en/about/news/welcome50-201703 Wish you the best of luck in your trading.
  2. Dear Traders! Please note that USA begins Daylight Savings Time on 2017/03/12. Thereby, CFD ETF, American CFD contracts on Futures, American stock market will open and close the session 1 hour earlier. - CFD Stock and CFD on ETF: opens at 15:30 - closes at 22:00 (EET) - Metals: trading break from 23:00 until 00:00 (EET) - Oil WTI: trading break from 23:00 until 00:00 (EET) - Oil Brent: trading break from 23:00 until 02:00 (EET) Moreover, trading time changes for the following contracts: #USA500, #USA100, #USA30, ZN, ZB, YM, NQ, GF, CFD CURRENCIES, CFD ENERGIES, CFD METALS (ext MCX exchange), CFD GRAINS, CFD MEATS, CFD SOFTS. Trading on FOREX, at the specified period, will be happening from 0:00 on Monday until 23:00 on Friday. Binary Options: trading from 00:10 on Monday until 22:50 on Friday. Please note that from 2017/03/26, trading schedule will return to its standard mode. Consider temporary schedule when planning your trading. An updated trading time will be available in contract specifications: https://www.fortfs.com/conditions/trading_conditions/specifications *The schedule might be amended according to banks and counterparty working schedule. The schedule is in Eastern European Time EET (GMT+2).
  3. President's Day Dear Clients! We would like to raise your attention that there is an upcoming national holiday in the USA - President's Day. Therefore, the following schedule changes are expected for the contracts traded in the USA Exchange (CME, GLOBEX, NYSE, NASDAQ, ICE USA, NYMEX). Trading schedule for the contracts based on USOIL, UKOIL will be affected as well: 20/02/2017 – trading is closed. The trading on FOREX stays without changes. There may be a spread increase due to the possible lack of liquidity. We would like you to be very careful and cautious in your work. *The schedule may change depending on the banks and contractors. Fort Financial Services
  4. Dear traders and partners ! FortFS announces the launch of the promotion "Chinese New Year" which is designed to increase your profits from trading on global financial markets. As from 1 February 2017 until 3 March 2017 for every 10th lot closed your account will be credited with a bonus that will be available for withdraw or further trading. All standard and cents accounts with the balance more than 100 USD (or the equivalent) are participating in the promotion. It doesn't matter when was the last time you deposited, whereas, the higher the balance of your account at the order closure - the higher the bonus amount. Terms and conditions of the promotion “Chinese New Year” are available here Wishing the best of luck in your trading.
  5. Company's report 2016 Dear traders and partners ! The past year was very successful and productive for Fort Financial Services and we are pleased to share with you our achievements for the year 2016. FortFS picked up on the trend of 2015 and expanded its presence in Asia. We opened 2 educational centers in Malaysia and held more than 100 roving seminars in Malaysia, Indonesia, Thailand, Cambodia, Vietnam and China. We were delighted to see that you have appreciated our efforts and as a result of your votes in the international Forex Awards rating the company was granted with the “Best Forex Broker Asia 2016” award. FortFS expanded geographically and opened a representative office in Dubai: the financial center of Middle Eastern and North African countries. In 2016 we participated in the 17th “MENA FFXPO 2016” and were highly evaluated by the specialists of financial industry. As we announced before, FortFS was nominated and became the winner in the category “Best ECN/ STP Broker” at the 17th “MENA FFXPO 2016” that took place in Dubai. In 2016 the company not only expanded geographically but also elaborated and improved its services. One of the most anticipated events was the launch of a new product: CopyTrading which immediately gained its popularity. In addition, we conducted a number of training programs for traders with little knowledge in the field of financial markets as part of the MasterForex-V trading Academy. These programs became very popular among newbies and during the annual MasterForex-V trading Academy’s voting, Fort Financial Services was awarded as “The Best Forex Broker for Newbies”. We are endlessly proud to have this award and will certainly continue training programs this year. Moreover, as a voting result in the international rating Forex Awards the company was awarded with the “Best mini account provider 2016”. FortFS would like to thank all our traders and partners for their support and participation in the company’s life. You inspire us for new achievements and we are ready to succeed more this year. Thank you and good luck in your trading FortFS
  6. Trading schedule during Martin Luther King Day on 16 january 2017 We suggest that you have a look at the trading schedule during the Martin Luther King Day below: 16.01.2017 CFD ETF - Trading is closed US Stocks CFD - Trading is closed CFD Equity, Interest Rate, FX, Energy, Metals - close early at 20:00 CFD Grain - Trading is closed 17.01.2017 - Regular opening for all contracts Please pay your attention that the time in this schedule is indicated in accordance with the terminal (GMT+2). The trading schedule may be changed due to the working schedule of the counterparties and the liquidity providers. Fort Financial Services
  7. Market trading sessions and office schedule during the New Year's eve and Christmas Holidays. Dear Clients, We’d like to inform you about the trading schedule during Christmas and New Year’s Eve: 12.23.2016 - Forex, Spot metals, Commodities, Indexes, CFD- closure at 15:59 GMT+2. 12.26.2016 - All the trading is closed (Catholic Christmas). 12.27.2016 - Trading resumes at 13:00 12.30.2016 - Forex, Spot metals, Commodities, Indexes, CFD - closure at 15:59 GMT+2. 01.02.2017 - All the trading is closed (New Year's Day). 01.03.2017 - Trading resumes at 13:00 Please pay attention to the fact that the indicated time of trading sessions corresponds to the terminal time. The trading schedule might change if the schedule of counterparties and corresponding markets changes. During Christmas and New Year's Eve there may be changes in trading conditions as well as in margin requirements due to low market liquidity. All automatic deposits via electronic payment systems will work as usual. Withdrawals will be executed normally with an exception for the following dates: 12.23.16 - main office operates until 15-00 12.26.16 - non-working day 12.27.16 - main office works as usual 12.30.16 - main office operates until 13-00 12.31.16 - non-working day 01.01.17 - non-working day 01.02.17 - non-working day 01.03.17 - main office operates until 13-00 Customer support will be available according to the following schedule: 12.23.16 - support available – to 16-00 12.26.16 - non-working day 12.27.16 - support operates as usual 12.30.16 - support operates until 16-00 12.31.16 - non-working day 01.01.17 - non-working day 01.02.17 - non-working day 01.03.17 - support operates as usual
  8. Dear Traders. Fort Financial Services wishes happy upcoming holidays and announces the start of the YEARLY promo-action CHRISTMAS FAIRY TALE from the 15th of December 2016 until the 20th of January 2017. In this promo-action will participate all the standard and cent accounts of the company with the balance higher than 100 USD (or the equivalent). Thus, it does not matter when you last deposited to your account. The important fact is that after the closure of every 10th-lot you will receive a bonus which you can immediately withdraw or use it in your further trading. In addition, the higher the balance of your account in the moment of order closure, the higher the bonus amount. Rush to participate in this promo-action. Terms and conditions of the promo-action “Christmas Fairy tale” are available here Wishing the best of luck in your trading. Fort Financial Services - Citadel of Trading
  9. 07.12.2016 Euro General overview Positive GDP in Eurozone together with Factory Orders in Germany supported the single currency on Tuesday. After Renzi's resignation a temporary government will probably work instead in Italy. A new Italian Government is likely to be elected in February. Current situation The EUR/USD switched its tone to negative on Tuesday. Buyers took a pause after an impressive rally on Monday and consolidated their gains. After posting a session high at 1.0785, the pair turned lower and erased some of its recent gains. EUR/USD broke 1.0750 and headed towards 1.0700 ahead of the NY session. According to the 4 hours chart the price tested 200 EMA and bounced downwards immediately after the test. The 200 and 100 EMAs pointed lower, while 50 EMA moved higher. The resistance is at 1.0750, the support comes in at 1.0700. The MACD histogram moved lower which indicates buyers’ weakening. The RSI indicator left overvalued readings. Trading recommendations A break below 1.0750 suggests further weakness of the pair. As the most probable scenario, we consider further moving downwards towards the levels 1.0700 and 1.0650. Pound General overview Despite the empty macroeconomic calendar the pound maintained its bid tone on Tuesday. Current situation The pound extended its bullish momentum and refreshed two-month highs on Tuesday. Having broken 1.2700 the pair was able to grow to 1.2770 where the price stayed during the day. The GBP/USD pair hovered above the moving averages in the 4 hours chart. Moving averages all pointed higher. The resistance lies at 1.2800, the support comes in at 1.2700. MACD remained at the same level which confirms the strength of buyers. We also noted MACD divergence in the 1 hour chart. RSI stayed within overvalued levels. Trading recommendations If the pound retains its bid tone we suppose the pair will grow to 1.2800. Conversely, a downtrend will start as soon, as the pair drops below the support level 1.2700. In this scenario sellers will drive prices to 1.2600. Yen General overview The pair was neutral on Tuesday amid a lack of any serious releases in Japan. The USA published some minor reports: Trade Balance and Factory Orders. Current situation Overall structure was firmly bullish on Tuesday. The USD/JPY remained in an ascending channel, trading close to its lower limit. The dollar wasn’t able to post fresh gains versus the yen but refused to give up. The pair extended its consolidation phase under fresh highs at 114.80 and spent the day around 114.00. The price tested and bounced off the 50-EMA in the 4 hours chart. The moving averages maintained their bullish slope in the same timeframe. The resistance is highlighted at 114.00, the support comes in at 113.00. MACD remained at the same level which confirms the strength of buyers. The RSI indicator stayed neutral. Trading recommendations The overall outlook remains bullish, for rise towards the 115.00 resistance area. A failure here will send this market to 113.00 and further out to 112.00. A move below 112.00 will ease the current buying pressure. AUD/USD General overview The Australian dollar weakened following the RBA decision to leave the rate unchanged. Moreover, the regulator pointed to a possible near-term economic slowdown in the country. Current situation After facing rejection near the 0.7500 mark, the pair came under renewed selling pressure on Tuesday and reversed all of its gains recorded in the previous session. The AUD returned to 0.7450 region where it spent the European session. The price made a timid attempt to recover ahead of the NY session. According to the 4 hours chart the price bounced upwards from the 50 and 100 EMAs. The 50 EMA crossed the 100 EMA upwards. The 100 and 200 EMAs maintained their bearish slope, while the 50 EMA pointed higher. The resistance is at 0.7500, the support comes in at 0.7450. MACD entered the positive area. RSI remained within neutral territory. Trading recommendations The pair may extend its recovery if it stays above 0.7450. Traders may push prices higher towards 0.7500. The 0.7500 resistance area appeared to be a tough nut to crack, prices have bounced a number of times from it. A new failure here will reject the AUD/USD pair to 0.7450. If buyers succeed the Australian dollar will extend gains towards 0.7550. XAU/USD General overview Gold was down and stayed near 10-month low as the expectations for a possible Fed interest rate hike continued to weigh on the yellow metal. Current situation Gold prices maintained their neutral stance on Tuesday. Having bounced from 1160 the precious metal jumped to 1170. The pair stayed confined within a tight trading range between 1170-1175 dollars per ounce during the day. XAU/USD remained below the moving averages in the 4 hours chart. All moving averages pointed lower. The resistance exists at 1180, the support stands at 1170 dollars per ounce. MACD remained at the same level which confirms the strength of sellers. RSI remained within neutral territory. Trading recommendations We would be selling the pair only if the price drops below 1170. In this scenario the potential target is at 1160 dollars per ounce. Brent General overview Oil prices moved lower on profit taking after a strong last week rally. Traders focused their attention on how OPEC will implement its deal to cut output. Current situation Oil prices retreated from yearly highs amid some profit-taking. The price moved lower and broke 54.50 dollars per barrel post-Europe open. After breaking the level the benchmark extended its losses towards 53.50 which tested ahead of the NA opening. The price hovered above the moving averages in the 4 hours chart. The 200 EMA was neutral while the 50 and 100 EMAs maintained their bullish slope. The resistance lies at 54.50, the support comes in at 53.50 dollars per barrel. MACD decreased which indicates the buyers’ positions weakening. RSI left the overbought levels and moved downwards. MACD remained at the same level which confirms the strength of buyers. The RSI indicator was holding near overvalued level and headed south. Trading recommendations If a gloomy trend retains Brent will break 53.50 in the upcoming sessions. Having overcome the first target the price might advance towards 52.50 and 51.50 dollars per barrel. DAX General overview European stocks opened flat experiencing pressure amid oil prices decline. Current situation The index gapped lower at the open on Tuesday. The price slightly weakened after the gap and posted the daily lowest point at 10661. DAX reversed its direction at the beginning of the European session. Prices strengthened above 10700 and set a daily high 10751. The 4 hours chart showed that the price is above the moving averages. All moving averages were neutral during the day. The resistance exists at 10800, the support stands at 10700. MACD traded to the upside. The RSI indicator remains within overvalued readings. Trading recommendations If the price fixates below the support 10700, it may continue the downward trend in the short term. The potential targets are 10600 and 10650. A move higher will keep buyers’ in the driver’s seat and will extend gains towards 10750. NASDAQ General overview Wall Street opened lower on Tuesday as energy stocks weighed on. NASDAQ got some support in early trades from technology shares growth. Current situation The index showed mixed trades on Tuesday. NASADAQ made slightly higher in the early trades trying to reclaim 4800. The upward impetus lost its strength around the level. Having faced a rejection here the index moved lower and returned to the opening price. The benchmark remained under pressure during the NY hours struggling hard to break 4770. The price tested 200 EMA but failed to break it in the 4 hours chart. The 200 and 50 EMAs pointed lower while the 100 EMA was neutral. The resistance is at 4800, the support comes in at 4770. MACD grew which indicates the sellers’ positions weakening. The RSI was within the neutral area. Trading recommendations We suppose the NASDAQ index will turn lower. As the most probable scenario, we consider a break below 4770 and bearishness extension towards 4740 and 4710. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
  10. Dear Traders We are pleased to announce the start of the new promo-action “Welcome Bonus 50 USD”. As from 28.11.2016 to 07.12.2016 inclusively all clients are eligible for a 50 USD welcome bonus or the equivalent in another currency. New clients as well as those who already work with Fort Financial Services may take advantage of this bonus. If you are our client already and have previously received a 5 USD welcome bonus, you may also get the 50 USD welcome bonus during the promotional period by clicking the “Get bonus” button in the corresponding section in your trader’s room. In addition, if your previously received bonus of 5 USD is still active then you will be able to continue working with it. As a result, some of you will have the chance to work with both bonuses: the old and the new one. The required trading turnover for each bonus will be completed sequentially. Terms of the "Welcome Bonus 50 USD" program are available Wish you the best of luck in your trading!
  11. Dear participants of the contest "Money never sleeps!" MNS results It's time to sum up the final results and announce the winners! Prize-winning places are distributed as follows: 1. 352996 2. 353629 3. 353593 4. 352951 5. 353290 6. 353053 7. 353186 8. 352985 9. 353466 10.352976 The fight for the top 10 was hot until the last week, however, since evident leaders dominated the rating some contestants halted their trading. The company has decided to encourage those who fought until the last moment and introduced additional 5 prize-wining places, with a prize of $100. 11. 352462 12. 353295 13. 352479 14. 352054 15. 353030 As was announced earlier, those who met the conditions and received no less than 10% profits, are granted with a Welcome Bonus of 30 USD. In order to receive the bonus you need to apply on the page of our blog in the following format: Acount number - Welcome Bonus $30 Example: 323232 - Welcome Bonus
  12. Dear Clients! We would like to remind you that, due to the celebration of the Thanksgiving Day in the USA, the US exchanges will be closed on Thursday the 24th of November. On Friday, the 25th of November, is planned an early closure of trades on the US exchanges. As a result, we would like you to keep in mind the following information: - On Thursday, the 24th of November, the trading on futures contracts of the US exchanges will be closed (CME, GLOBEX, ICE), as well as the ETF contracts and CFD on the US shares (NYSE, NASDAQ). - On Friday, the 25th of November, early closure of trading: 20:15 – futures contracts of the US exchanges, 20:00 – ETF and CFD on teh US shares. Please pay attention that during the indicated time period there is a possibility of low liquidity on the FOREX market and during trades on spot metals. This schedule holds an informative purpose and may be changed without notice.
  13. 18.11.2016 Euro General overview The Eurozone CPI for October matched the estimates while CPI monthly reading fell short-of expectations. The dollar slightly softened but remained onto fresh highs. The dollar continued getting support from market expectations for a December Fed rate-hike and possible improvements in economic growth. Current situation The market sentiment was negative on Thursday. The EUR/USD remained in a descending channel, close to its lower boundary. The price was quite during the Asian trades around recent lows at 1.0700. The euro bounced from 1.0700 and moved higher in the European session. The upward momentum ran out of steam when approached the level 1.0750, as a result the common currency moved back. The moving averages maintained their bearish slope in the 1 hour chart. The euro broke the 50-EMA and tested the 100-EMA in the same chart. The resistance is seen at 1.0750, the support could be found at 1.0700. The technical indicators maintained bearish momentum within negative territory. The MACD and RSI indicators continued consolidating within oversold levels. Trading recommendations A failure to hold above 1.0700 risks a slide to 1.0650. At the same time a further strengthening will not be possible until the pair breaks above 1.0750. Pound General overview The pound strengthened on the back of better-than-expected Retail Sales. Current situation The British currency was range-bound-to lower during the Asian hours on Thursday. The GBP/USD strengthened ahead of the Europe opening. The price spiked and tested the upper limit of the range. However the pair rolled back when the advance lost upward momentum. Prices bounced upwards from the 50-EMA in the 4 hours chart. The upward trajectory was stopped by the 200-EMA. The moving averages are still neutral. The current resistance is seen at 1.2500, the support is at 1.2400. The MACD histogram decreased which indicates the sellers’ strength. The RSI oscillator consolidated within negative area. Trading recommendations The pound needs fresh drivers to leave the current range. A break above 1.2500 will open the way towards 1.2550. A daily close below 1.2400 would risk 1.2350. Yen General overview The yen retreated from the daily highs after the BoJ’s decision to buy unlimited amount of JGBs. Current situation Fresh buying pressure around the U.S. dollar boosted USD/JPY to fresh highs. After refreshing highs at 109.76 prices rolled back and returned to the nearest support region. The pair was under pressure struggling hard with the 109.00 level to go lower on Thursday. The pair bounced from the support 109.00 and trended higher ahead of the NY opening. The price tested and bounced upwards from the 50-EMA in the 1 hour chart. The 50-EMA became a solid barrier which limited the dollar further weakness. All moving averages were pointing higher. The resistance can be found at 110.00, the support comes in at 109.00. MACD remained at the same level which confirms the strength of buyers. The RSI indicator was holding near overbought levels. Trading recommendations The overall outlook is neutral/bullish. A firm break below 109.00 handle would open the way towards 108.00. Nevertheless, we would be buying the pair until it stays above 109.00. AUD/USD General overview The Aussie edged lower on Thursday on the back of weaker jobs data. Current situation The AUD/USD slightly strengthened in the Asian session on Thursday. Prices were able to escalate to 0.7500 where a bid tone lost its legs. The price weakened and returned to opening prices in the mid-Asia. Sellers struggled with buyers to break the 0.7470 level during the European session. The AUD/USD pair finally broke the level ahead of the NY opening. After breaking 0.7470 the Aussie continued to lose its value. The pair remained well below the moving averages in the 4 hours chart. The moving averages extended their decline. The resistance is at 0.7470, the support can be found at 0.7435. The MACD histogram decreased which is a sell signal. RSI remained within oversold levels. Trading recommendations After a daily close below 0.7470 we could see the pair extending down to the 0.7435 region during the next days. XAUUSD General overview Gold prices gained on yesterday's trades when the dollar moved from the 14 years high. Besides, the markets took a breath awaiting for J.Yellen's testimony. Current situation Gold prices remained flat on Thursday. The trading range narrowed and prices traded between 1225 and 1230 dollars per ounce during the day. The yellow metal slightly grew from the lower limit of the range to its upper one. However its recovery stalled after testing the 1230 level. According to 1 hour chart the pair broke the 50-EMA and tested the 100-EMA. The 100-EMA slowed down the XAU/USD pair acting as a resistance. The 50-EMA is neutral in the mentioned timeframe while the 100 and 200 EMAs maintained their bearish slopes. The resistance is at 1230, the support comes in at 1220 dollars per ounce. MACD grew which indicates the sellers’ positions weakening. The RSI oscillator consolidated within negative levels. Trading recommendations A break above 1230 will suggest further extension towards 1240. Conversely, a strong breakdown and close below 1220 could send prices lower towards 1210 dollars per ounce. Brent General overview Oil prices turned higher on Thursday after Saudi Energy Minister Khalid al-Falih's testimony that he was optimistic over OPEC preliminary oil freeze deal which was reached in September. Current situation Brent had a positive day on Thursday. Bulls maintained control extending their near-term upward trajectory. A fresh buying interest around 46.50 pushed the benchmark higher. Oil prices rallied and reached the level 47.50 ahead of the NY session. The benchmark started the day between the 50 and 100 EMAs in the 4 hours chart. Brent futures were able to test the 100-EMA ahead of the New York session. The 50-EMA is neutral while the 100 and 200 EMAs kept moving lower. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The histogram grew which is a buy signal. RSI remained within overbought levels. Trading recommendations If Brent futures break 47.50 the level 48.50 may become an attractive target for bulls. DAX General overview European stocks traded higher focusing on Yellen's speech. The mining stocks added while the financial stocks were on the downside. South African Investec company jumped to 6-month high after its latest corporate earning report. Current situation The index gapped higher at the open on Thursday. Traders were unable to develop an upward trajectory which immediately faded after the gap. Prices turned lower and dropped to 10600 where they stayed before the North American session. The 50-EMA stopped the downward impetus rejecting prices upwards. The moving averages are neutral in the 4 hours chart. The resistance is seen at 10700, the support is at 10600. MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved downwards. Trading recommendations The DAX index will remain in bulls’ hands while the benchmark holds above 10600. Only a clear break below the level will ease the current bid sentiment. In this scenario sellers will lead prices to 10500. A failure to break the current support level will suggest an upward continuation towards 10800. S&P500 General overview Wall Street opened neutral awaiting for Federal Reserve Chair Janet Yellen's speech. Current situation After refreshing monthly highs at 2184 the index rolled back. S&P500 softened to the mark 2170 which stopped its decline. The index remained onto fresh highs staying between 1270 and 1280 on Thursday. The 1 hour chart showed that the price stayed around the 50-EMA which limited its downside extension. The moving averages maintained bullish slope. The resistance is seen at 2180, the support is at 2170. MACD decreased which indicates the buyers’ positions weakening. The RSI indicator was near overvalued territory. Trading recommendations A strong break and close above 2180 could send prices higher towards 2190. However, the benchmark is overbought and we do not exclude a large correction towards 2150. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman.
  14. 17.11.16 Fundamental and technical analysis Euro General overview The euro softened on the back of strong dollar and lack of drivers from the Eurozone. Moreover, investors keep pricing in the Fed possibility to hike rates in December. Current situation The EUR/USD failed to hold to gains and turned negative after the opening on Wednesday. The euro continued to grind lower and tested 1.0700 at the London open. The price touched the 50-EMA and bounced downwards in the 1 hour chart. All moving averages continued moving lower. The resistance is seen at 1.0750, the support could be found at 1.0700. Technical indicators retained bearish signals. MACD remained in the negative area. The RSI oscillator consolidated within negative area. Trading recommendations We believe the euro will maintain its bearish momentum in the short-term. The 1.0700 level is likely to be broken soon and the level 1.0650 appears to be the next intraday support and probable bearish target. Pound General overview Mixed employment data in the UK weighed on the pound. Average Earnings including Bonus fell together with Claimant Count Change while Unemployment Rate grew. Current situation As for the technical outlook the pair held a bullish tone during the Asian and European hours on Wednesday. The pound was hovering above 1.2400 trying to extend its recovery. The level 1.2500 appeared to be a strong barrier on its way upwards. After testing the level prices rolled back and reached 1.2400 ahead of the NY session. The price kept struggling with the 200-EMA ahead of London opening. The line limited its further gains in the 4 hours chart. The moving averages are neutral in the same chart. The current resistance is seen at 1.2500, the support is at 1.2400. Technical indicators are neutral now. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. The RSI indicator was holding near overbought levels, favoring a move lower. Trading recommendations Failure to hold above 1.2500 risks a slide to 1.2400. After breaking 1.2400 the level 1.2300 will come back to the radar. Yen General overview The USD/JPY continued with gains due to risk-on sentiment. Nikkei 225 reached the highest since February supporting the safe heaven yen. The U.S. dollar is strong across the board amid renewed hopes that the Fed will hike the rate this year. Current situation The pair trades in an upward channel. The U.S. dollar was hovering near multi month highs against its Japanese counterpart on Wednesday. The dollar climbed higher and reached the mark 109.50 in the mid-European session. Traders failed to extend their gains, the price turned around and retreated back to 109.00. The USD/JPY pair traded well above the moving averages in the 4 hours chart. The moving averages 50, 100 and 200 accelerated their growth. The resistance can be found at 110.00, the support comes in at 109.00. The technical indicators retained bullish signals. MACD remained at the same level which confirms the strength of buyers. RSI consolidated within positive territory. Trading recommendations The price seems to be heading towards its immediate resistance at 110.00. Should this mark be reached successfully, a further extension towards 110.50 could be observed further. A break below 109.00 will ease the upward pressure. The USD/JPY may soften to 108.00 and lower to the mark 107.50. USD/CAD General overview The USD/CAD strengthened on Wednesday amid oil prices decline. Current situation The pair is in an ascending channel, trading around its lower boundary. A two day decline was stopped when prices met a barrier around 1.3400. Prices bounced from the oversold area and trended upwards during the course of the day. The US dollar broke the level 1.3470 in late European trades. After breaking the level the USD/CAD extended its gains heading towards 1.3540. The bullish spike faded after testing the 1.3500 mark. The USD/CAD pair came across a selling pressure and returned to opening prices. The price bounced off the 50-EMA in the 4 hours chart. The moving averages extended their growth in the same chart. The resistance is at 1.3470, the support can be found at 1.3400. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area and headed north. Trading recommendations The pair is turning bullish now. A consolidation above 1.3470 will strengthen buyers' positions. Bulls may lead prices towards 1.3540. XAUUSD General overview Gold prices traded higher on Wednesday however its gains are limited due to renewed expectations that the Fed will hike rates in December. Current situation A consolidation phase remained intact on Wednesday. Buyers managed to reverse just a minor part of their losses before the recovery action stalled around 1230 dollars per ounce. An attempt to reclaim the 1230 level failed during the European trades. The yellow metal rolled back immediately after the level test. According to the 1 hour chart the pair failed to break the 50-EMA. The moving appeared to be a solid barrier which rejected the yellow metal downwards. The moving averages pointed lower in the mentioned timeframe. The resistance is at 1230, the support comes in at 1220 dollars per ounce. The technical indicators headed lower within negative territory. MACD remained at the same level which confirms the strength of sellers. The RSI indicator was holding near oversold levels, favoring a new move lower. Trading recommendations The price came across fresh selling offers around 1230 dollars per ounce. A failed test of the barrier may renew the selling interest sending prices to 1210 through 1220. Brent General overview Oil prices hold onto gains despite the U.S. crude inventories increase. Current situation Oil prices retreated from 2 week high on Wednesday. The benchmark met a barrier around 47.50 where buyers lost strength and turned around. Traders pushed Brent futures down and tested 46.50 dollars per barrel in the mid-Europe trades. The ongoing weakening could be attributed to some profit taking from bull following two day rally. Brent oil prices bounced from the 100-EMA and moved lower. The price is sandwiched between the 50 and 100 EMAs in the 4 hours chart. The moving averages direction is downwards. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The indicators bounced from oversold level. MACD decreased which indicates the buyers’ positions weakening. RSI moved downwards. Trading recommendations Buyers are unable to climb above 47.50 for now. Bears took control over the market and drove prices lower. Should the Brent prices lose ground and advance below 46.50, the decline can extend in the short term to 45.50 first. The second sellers' target lies at 44.50 dollars per barrel. DAX General overview European shares traded higher amid mining stocks strengthening alongside with Wire Card and Bouygues shares. Current situation The index traded in a wide range between 10700 and 10800 during the first part of the day. Sellers seemed to be getting more control as weak buyers failed to retake the 10800 mark. The index sharply moved below 10700 and tested 10600 post-European open. The price tested the 50-EMA in the 4 hours chart. The moving briefly slowed down the index decline. The moving averages presented modest bullish slopes. The resistance is seen at 10700, the support is at 10600. MACD decreased which indicates the buyers’ positions weakening. RSI left the overbought area and moved south. Trading recommendations The overall picture is bearish now. Firm break below 10700 handle would open the way to 10600 and further out to 10500. NASDAQ General overview Wall Street moved lower on Wednesday amid oil prices decrease. Current situation The market sentiment switched to a bearish one. The benchmark recovery lost legs just above 4770. The index turned around and softened right after piercing the level. NASDAQ now seems to be heading towards its immediate support near 4740. A failure test of the 100-EMA caused a sell-off and the index weakening. The price is in-between the 100 and 50 EMAs in the 4 hours chart. The lines act as a resistance and a support for the benchmark. The resistance is seen at 4770, the support is at 4740. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is moving downwards. Trading recommendations The further upmove is expected to face stiff barrier around the current resistance. The index is overbought and the move below 4740 shall ease the buying pressure. Sellers will try to drive prices to the level 4710. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman.
  15. Switching clock to winter time in EU countries Dear traders and partners Please pay your attention that Daylight Saving Time (Summer Time) ends on the night of 29/30 of October 2016 and European countries will adjust the clocks backwards. United States will also turn to winter time on the night of 5/6 of November 2016. As a result, all American instruments and FOREX currencies will be available for trading at 23:00 terminal time on the night of 29/30 October. Therefore, the trades on the mentioned instruments will be closed an hour earlier in accordance with the European time. Trading on American exchange instruments and FOREX currencies will revert to usual terminal time on the 7th of November. Trading schedule change applies to the following exchanges: CME NYMEX COMEX NYSE ICE US NASDAQ as well as the Forex market and Spot. We remind that terminal time corresponds to the Central European time zone + 1 hour (CET+1). Please consider this information while planning your trading.

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