Master Forex Demo Forex Trading Contest - Result Week 21/09
Master Forex Demo Forex Trading Contest
The result of Demo Forex Trading Contest using Demo Account organized by Master Forex is as follows:
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Account Country Balance
1 4633931 Russia 112 487
2 4631730 Pakistan 93 909
3 4634047 Russia 43 245
4 4633069 Moldova 30 769
5 4634460 Latvia 21 216
6 4634426 Ukraine 21 111
7 4633412 Indonesia 19 204
8 4634045 Russia 18 367
9 4632027 Ukraine 15 225
10 4633860 Russia 12 838
The Champion for last week Master Forex Demo Forex Trading Contest is a participant from Russia. The Runners up are from Pakistan and Russia.
Prizes for the Master Forex Weekly Demo Forex Trading Contest
The prizes are as follows:
-
1st. Prize : $100.00
2nd. Prize : $ 50.00
3rd. Prize : $ 25.00
Interested in the Master Forex Demo Forex Trading Contest ?
If you are interested to test your Trading Strategies or Forex Trading System you can register for the Demo Contest at the Master Forex website (Click the Master Forex banners).
The US Dollar Drops
Headlines on the Drop of the US Dollar
The news headlines for last week trade was more on the US Dollar. As reported in Bloomberg: The Dollar Weakens and GBPUSD: Dollar Weakens and Pound Strengthens, trading for last week and on Friday in particular was not in favor of the US Dollar. The Dollar continued its decline against all the major currencies.
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The US Dollar Weakens
The US Dollar weakens and slips to 1.5900 against the Pound. .
The Dollar declined against the Euro
The Dollar drop by 0.9 percent to $1.4021 against the Euro from $1.3890 yesterday, after reaching $1.4030, the weakest level since Jan. 2.
The U.S. Dollar declined by 3.6 percent against the Euro this week. .
The Yen Stronger against the Dollar
The Yen advanced 0.2 percent to 94.57 per dollar, from 94.41, after touching 93.86, the strongest level since March 19. .
The Strong Canadian Dollar
The Canadian Dollar advanced today to C$1.1205, the strongest level since Oct. 9. .
New Zealand’s New High against US Dollar
New Zealand’s currency climbed to 62.38 U.S. cents, the highest level since Oct. 21.
The Australian Dollar New High against US Dollar
The Australian Dollar reached 78.67 U.S. cents, the highest level since Oct. 2.
The decline of the US Dollar is expected to continue in the short term.
GBPUSD - Dollar Weakens and Pound Strengthens
The dollar was under selling pressure and declined further to the lowest level against the Euro, Pound and Yen. Against the Euro it is it declines to the lowest since January.
The weakening of the Dollar started in March after the Federal Reserve announced its plan to buy up to $300 billion in Treasuries and continue to slide further as reported in Bloomberg: Dollar Weakens.
The Pound further strengthens against the Dollar. GBPUSD was traded at $1.5790, the highest level since Dec. 2008. The gain of strength of the Pound was reported in the Pound Strengthens.
Short Term Market Outlook - GBPUSD
For the short term the signal is to BUY GBPUSD.
Bloomberg:The Dollar Weakens
The Dollar Weakens
May 19. Bloomberg reported that the Dollar fell against most of its major counterparts after three U.S. financial firms seeking to return government bailout money fueled speculation banks have sufficient cash, reducing demand for the safety of Dollar-based investments.
Brazil and China not using the US Dollar
Brazil and China will try to use their own currencies, rather than the Dollar, in trade transactions, the Financial Times reported, citing aides to Brazilian President Luiz Inácio Lula da Silva and central bank officials.
What we are talking about now is Brazil paying for Chinese goods with Reals and China paying for Brazilian goods with Renminbi,
Governors of the countries’ central banks will probably meet soon to discuss the matter
A Brazilian Central Bank Official.
The Pound
The Pound appreciated as much as 1.1 percent to $1.5514, the highest since Dec. 18, after ICAP Plc and Marks & Spencer Group Plc posted profit that beat analysts’ estimates, spurring speculation the worst of British recession is over.
The Euro
The Euro earlier strengthened versus the Dollar after the ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict economic developments six months ahead, increased this month to 31.1, a three-year high, from 13 in April.
Australian Dollar
The Australian Dollar advanced as much as 1.4 percent to 77.51 U.S. cents, the strongest level since Oct. 3, as Stevens of the Reserve Bank said in Sydney that Australia “should be in a relatively good position and well placed to take part in a renewed international expansion.”
The Australian Dollar rose to the strongest level since October after Reserve Bank Governor Glenn Stevens said the global recovery may begin “towards the end of the year.” The Dollar dropped against the yen as a government report showed housing starts in the U.S. unexpectedly slid to a record low last month.
The Dollar and the Yen
The Dollar dropped against the yen as a government report showed housing starts in the U.S. unexpectedly slid to a record low last month.
Stronger Won
South Korea’s won rose 0.8 percent to 1,249.25 against the Dollar as overseas investors bought more local shares than they sold for a third day. It extended gains in the past month to 6.6 percent, the best performance among the 10 most actively traded Asian currencies tracked by Bloomberg. The won reached 1,225.97 on May 11, the strongest level since October.
The New Zealand Dollar
The New Zealand’s Dollar gained 1.1 percent to 60.15 cents.
Master Forex Demo Forex Trading Contests - Result Week 20/09
Master Forex Trading Contests-Winners of Last Week
The result of Demo Forex Trading Contest using Demo Account organized by Master Forex is as follows:
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Account Country Balance
1 4629874 Russia 505 827
2 4628122 Kazakhstan 67 471
3 4628123 Kazakhstan 63 352
4 4629084 Ukraine 15 511
5 4627364 Russia 13 463
6 4629770 Moldova 13 237
7 4629566 Uzbekistan 12 528
8 4627214 China 10 217
9 4629066 China 9 019
10 4627823 Indonesia 8 975
The Champion for last week Master Forex Demo Forex Trading Contest is a participant from Russia. The Runners up are from Kazakhstan.
Prizes for the Master Forex Weekly Demo Forex Trading Contest
The prizes are as follows:
-
1st. Prize : $100.00
2nd. Prize : $ 50.00
3rd. Prize : $ 25.00
Interested in the Master Forex Demo Forex Trading Contest ?
If you are interested to test your Trading Strategies or Forex Trading System you can register for the Demo Contest at the Master Forex website (Click the Master Forex banners).
Pound Strengthens
Pound Strengthens
May 18 (Bloomberg) — The pound rose against the euro and the dollar after an industry report showed U.K. home sellers raised asking prices in May by the most in more than a year.
The Pound appreciated to 88.24 pence per Euro from 88.93 pence on May 15. It also rose to $1.5281 from $1.5180.
The Pound climbed for the third day as signs the worst of the recession may be over sent the FTSE 100 Index 1.9 percent higher, its biggest gain in more than two weeks.
We see further gains ahead for sterling, especially against the euro. Investors have focused on the signs of stabilization emerging from the U.K. economy.
Gareth Berry, an analyst in London at UBS AG.
Home Prices
The average cost of a home climbed 2.4 percent from April.
Rightmove Plc.
The evidence Europe’s second-largest economy is recovering from its deepest slump in three decades. It was the largest increase since February 2008.
The Pound dropped by 20 percent in the past year made Britain the first choice of buyers of property market
Weaker sterling makes U.K. property more attractive. The U.K. property market is a screaming buy compared to rivals in continental Europe.
Turner said. Neil Turner, the Wiesbaden, Germany-based executive in charge of the money manager’s new 300 million-euro property fund.
Gilts Advance
Gilts rose as the Bank of England bought 3.5 billion Pounds ($5.4 billion) of gilts. The central bank said May 7 it will expand its asset-purchase program to 125 billion Pounds from 75 billion pounds to spur growth and fight deflation.
Former U.K. finance minister Norman Lamont, who drew criticism during the 1990s recession for announcing the “green shoots” of recovery, said he wouldn’t use the phrase again now because the banking system remains broken.
There are some optimistic signs but I wouldn’t call them green shoots
Lamont said today at the Banking Outlook 2009 Conference in London.
The rate of decline in the economy is decelerating. For a recovery, the first thing that has to happen is, you stop falling.
The yield on the 10-year gilt fell six basis points to 3.48 percent. The two-year note yield slipped six basis points to 1 percent. Bond yields move inversely to prices.
Gilts advanced as the Bank of England bought government bonds maturing in 10 to 25 years as part its drive to lower borrowing costs.
Euro Declines as Economy Contracts
Euro Declines as Economy Contracts Most in at Least 13 Years
May 15 (Bloomberg) — The euro fell against the dollar and extended a weekly loss versus the yen as the economy of the 16- nation region contracted the most in at least 13 years, raising concern the pace of recovery will be slow.
The Dollar
The U.S. currency pared its loss against the yen as manufacturing in the New York region contracted this month the least since August and the six-month outlook improved for a third straight month. The euro was headed for its first weekly decline versus the dollar in a month on Europe’s contraction.
The Euro
It’s a really bad piece of data, and it’s going to get worse because the European Central Bank has only come up with half-hearted measures
This is going to be bad for the euro
Said Geoffrey Yu, a strategist in London at UBS AG, the world’s second-largest currency trader.
The euro slid 0.5 percent to $1.3573 at 10:15 a.m. in New York, from $1.3639 yesterday, and was headed for a weekly decrease of 0.4 percent. The euro lost 1.1 percent to 129.27 yen from 130.67, for a 3.5 percent decline this week. The dollar dropped 0.6 percent to 95.25 yen, from 95.80, after earlier decreasing 1.1 percent.
The Yen
The yen gained this week versus all of the 16 most actively traded currencies tracked by Bloomberg as reports indicating the global economic recovery may be slow reduced demand for higher- yielding assets. The yen rallied 7.6 percent to 11.06 against the South African rand and increased 5.7 percent to 14.70 versus Norway’s krone.
Master Forex Demo Forex Trading Contests - Result Week 19/09
Winners of Last Week
The result of Demo Forex Trading Contest using Demo Account organized by Master Forex is as follows:
Account Country Balance
1 4624933 Kazakhstan 16 428
2 4625822 Indonesia 16 385
3 4625532 Indonesia 10 214
4 4625606 Russia 9 040
5 4625376 China 7 782
6 4623640 Indonesia 7 752
7 4625498 China 7 700
8 4625602 Russia 7 475
9 4624404 Russia 7 147
10 4624492 India 7 101
Prizes for the Master Forex Weekly Demo Forex Trading Contest
The prizes are as follows:
-
1st. Prize : $100.00
2nd. Prize : $ 50.00
3rd. Prize : $ 25.00
Interested in the Master Forex Demo Forex Trading Contest ?
If you are interested to test your Trading Strategies or Forex Trading System you can register for the Demo Contest at the Master Forex website (Click the Master Forex banners).
Winners of Master Forex Demo Forex Trading Contest for week ending - 24/04/2009
Winners of Master Forex Forex Demo Forex Trading Contest for week ending - 24/04/2009
The result of Forex Trading Contest using Demo Account organized by Master Forex is as follows:
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Account Country Balance
1 4616181 China 64 523
2 4616964 Lithuania 29 284
3 4615386 Iran 27 157
4 4612328 Russia 17 730
5 4616918 Iran 13 790
6 4616756 Russia 9 869
7 4616937 China 9 163
8 4615202 Ukraine 8 877
9 4615053 Ukraine 8 770
10 4614477 Russia 7 276
The Winners of the Master Forex Weekly Demo Forex Trading Contest
The Champion was a participant from China. He traded 8 lots of AUDUSD and GBPUSD and ended with $ 64,523 on his account.
In the Second place was a participant from Lithuania. He traded GBPUSD and EURJPY, with a total of 10 lots.
On the third place was a participant from Iran. He traded 15 lots of GBPJPY.
Prizes for the Master Forex Weekly Demo Forex Trading Contest
The prizes are as follows:
-
1st. Prize : $100.00
2nd. Prize : $ 50.00
3rd. Prize : $ 25.00
Interested in the Master Forex Demo Forex Trading Contest ?
If you are interested to test your Trading Strategies or Forex Trading System you can register for the Demo Contest at the Master Forex website (Click the Master Forex banners).
