[kingkedi]

The «RVD Markets Limited» broker Company is registered on the British Virgin Islands in 2010 and has all necessary certificates and documents on conducting commercial activity. The Company is part of the holding «RVD Capital Holdings Limited» (United Kingdom of great Britain and Northern Ireland), which focuses of providing high quality services on the financial markets.
The Company offers unique trading conditions to all wishing regardless of the initial deposit, volume of trade and type of trading strategy. Our Broker organizes the transfer of Clients orders in the system of Straight Through Processing (STP) directly to providers of liquidity. As the сommission charged for this, is the main source of income, we are directly interested in the growth of trading volumes.
Profitable trading of our Clients, increase the amount of attracted funds on deposits are necessary conditions for successful business of the Company. For this purpose we strive to provide Traders with the best conditions possible in the forex market for retail Clients: tight spreads, low commissions and execution of transactions in accordance with the standards of regulated global exchanges. A lot of work which is carried out with software developers and aggregators, allows unlimited increase the liquidity of our own electronic communications network (ECN) and expand the list of spot trading tools, providing high quality access to services based on advanced technologies.
We don't assume the risks connected with clearing (internal overlapping) transactions of our Clients, and we cannot theoretically go bankrupt in connection with trading results of our Clients.
Special attention is paid to the work with Clients and strives to maximally satisfy their needs and wishes, ensuring, thus, personality-oriented approach to each Client. We guarantee full transparency and confidentiality in relations with Client
why rvdmarkets
direct access to interbankliquidity
wide range of tradingplatforms
wide accept of paymentprocessors
WIDE CHOICE OF INSTRUMENTS:forex,metalsspot,energyfuturescfds,ind excfds
fast withdrawals
http://rvdmarkets.com

[kingkedi]

technical analysis 25september
Session Recap: Aussie, kiwi heavy; Tokyo stained with red

Asian traders were rather inactive at the early going of Tokyo, with some Yen strength the main theme, yet as the session advanced, Aussie weakness also became dominant.
In the US, following an uncertain and uneven Wall Street session after Fed’s comments on indefinite timing for bond-buying program, Asia registered mixed results in equity indexes with the Nikkei down 0.39%, pushing the yen higher.
In New Zealand, the trade deficit expanded from $-771M to $-1191M beating estimates, for the worse, at $-743M. In Australia, the RBA said the banking system is liquid and in good shape and added the housing market data is strong and yet the Aussie remained heavy with slow progress upward.
Japan prepared for the tankan results next week and market participants remain on their feet to any governmental decision to increase the sales taxes as Prime Minister Abe announce a potential increase based on tankan results despite the Spring 2014 plans to proceed with the monetary policies.
In the futures contracts realm, all metals printed gains with notably copper advancing on positive Chinese consumer data along with gold registering gains worth 0.66% for the first time in the week to reach $1,325.00.
Main headlines in Asia
- BOJ Tankan survey likely to show sentiment at 3-Year high
- The DXY drifts higher as part of the global “safety trade”; resistance 80.71
- New Zealand trade balance deficit worsens
- EUR/USD potential is for more downside - Societe Generale
- Japan August Corporate Service Price (YoY) stays unchanged at 0.6%
- USD/JPY pushes towards 98.50/55, sellers in control short term
- RBA’s Financial Stability: Few signs of financial stability risks
http://www.rvdmarkets.com/en/analyti...ained_with_red
EUR/USD breaks short-term support. More downside ahead?

The EUR/USD broke below what could have been “correction support” at 1.3476 – signaling to traders the increased likelihood of more short-term downside.
European and US data to drive the action Wednesday
Wednesday, outside of any political developments, the EUR/USD will be driven mainly by US Durable goods and new home sales data later in the session. Early Wednesday, however, EUR/USD traders will pay some attention to the German Consumer Confidence and Import Price data to see if it generates any strong movement in the cross.
Technical outlook for EUR/USD
Technicians say the EURUSD’s attempt to hold up above short-term “correction support” at 1.3476 failed late Tuesday. They note that this breakdown should open the door to more of a downside correction near-term – likely down to 1.3447 and/or 1.3419. Very short-term resistance comes in at 1.3496 and is followed by the 9/22 peak at 1.3546.

[kingkedi]

WENDSDAY, 25 SEN '13
RBA’s Financial Stability: Few signs of financial stability risks

The RBA’s Financial Stability Review has just been published, with a summary of the most relevant headlines below.
Key headlines
Few signs of financial stability risks for either household or business sectors
Important for banks to maintain prudent lending standards
Australian banking system in strong shape, profitable and well capitalized
Around half the households ahead on their mortgage payments
Pick-up in property market & home prices unsurprising given low interest rates
Sustained low rates could fuel specualtion
To watch property investment by self-managed super funds, but poses little risk to financial system
http://www.rvdmarkets.com/en/analyti...tability_risks

[kingkedi]

EUR/USD regains 1.3500

FXstreet.com (Edinburgh) -After bottoming near 1.3480, the EUR/USD managed to pick up pace and retake the 1.3500 handle on Thursday.
EUR/USD range-bound
The pair seems to get back its composure after a bout of weakness stemming from the Italian political arena dragged the euro to test intraday lows in the boundaries of 1.3480 against the greenback. Buyers are back now, lifting the pair beyond 1.3500 ahead of US employment and housing data. Following the last Fed fiasco, Strategist Jane Foley at Rabobank commented, “That said, on the back of Fed tapering expectations we expect that by year-end the euro will have retreated back towards EUR/USD 1.3200. However, we don’t expect the euro to give up ground willingly to the USD and we maintain a 6 mth forecast of 1.300”.
EUR/USD key levels
At the moment the pair is losing 0.14% at 1.3507 with the immediate support at 1.3459 (23.6% of 1.3104-.13569) followed by 1.3453 (high Au.20) and then 1.3399 (high Aug.28). On the upside, a surpass of 1.3555 (high Sep.23) would expose 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5).
USD/JPY reverses daily gains

The USD/JPY reversed early gains during the European session and dropped back below the 99.00 mark, weighed by Fed's Lacker comments and Japan pension panel.
Lacker and pension panel put USD/JPY under pressure
The USD/JPY had rallied to a high of 99.10 during the Asian session amid renewed talk of a corporate tax cut and speculation about Japan's public pension reforms.
A panel charged with proposing a revamp of Japan's Government Pension Investment Fund (GPIF) - the world’s largest public pension fund - met Thursday, but the statement offered little detail and lacked of any direct suggestion on yen diversification, putting USD/JPY back under pressure.

The USD/JPY selloff was fueled by FOMC Lacker comments, saying US growth unlikely to accelerate anytime soon and that it is difficult to taper in October 'without losing face'.
USD/JPY technical levels
USD/JPY pulled back from above 99.00 back to the 98.50 zone within the last minutes, where it is trading at time of writing, still 0.1% above its opening price. Immediate supports are now seen at 98.25 (daily low), 98.00 (psychological level) and 97.75 (Sep 18 low), while resistances could be found at 99.10 (daily high) and 99.65 (Sep 20 high).

[kingkedi]

THURSDAY, 26 SEN '13
Italian president cancels participation to event due to 'disturbing political event'

The euro and the Italian market fell today following the news that Italian President Giorgio Napolitano unexpectedly canceled his appearance at a conference in Rome due to the the fact that he needed to give his full attention to a “sudden political development that is institutionally disturbing.”
Deputies from Silvio Berlusconi's PDL party warned late Wednesday that they could step down if their leader was expelled from the Italian Senate, following his tax fraud conviction. A special Senate committee will decide whether to revoke his mandate during a vote scheduled for October 4.
Napolitano's announcement today shook the markets as it might mean that the stability of Enrico Letta's government is being undermined.
http://www.rvdmarkets.com/en/analyti...olitical_event

[kingkedi]

EUR/USD treading water around 1.3500

FXstreet.com (Edinburgh) -The bloc currency extends its consolidation attempt on Monday, with the EUR/USD meandering around a narrow range at 1.3490/1.3500.
EUR/USD attention on US events
The pair remains stuck around 1.3500 the figure at the beginning of the week, bouncing off session lows near 1.3480 as the re-emergence of Berlusconi-induced political jitters in Italy over the weekend was weighing on sentiment. The euro managed to recover almost half the earlier pullback although the events across the pond would cap any attempt of climbing further. Shaun Osborne and Greg Moore, FX Strategists at TD Securities commented, | settled into a 1.3450/1.3570 (roughly) range post-FOMC but the market lacks conviction about the next move. We think a break either side of that range would prompt an extension of the move of around 100-150 ticks. Worries about the stability of the Letta government in Rome may see the downside of that range pressured initially this week”
EUR/USD levels to watch
The pair is now losing 0.18% at 1.3497 and a break below 1.3467 (low Sep.20) would aim for 1.3462 (low Sep.25) and finally 1.3459 (23.6% of 1.3104-.13569). On the upside, the initial barrier lies at 1.3565 (high Sep.27) ahead of 1.3569 (high Sep.19) and then 1.3598 (high Feb.5).
Session Recap: Dollar mixed as US shutdown looms

The USD trades mixed against major competitors to start the week as deadline to avoid a government shutdown in the US looms. Market sentiment is fragile, also weighed by political instability in Italy and disappointing data from China.
The EUR/USD trades just below 1.3500, while GBP/USD retreated from a 9-month peak back to the 1.6030 zone. USD/JPY remains under pressure at 97.60, having printed a 1-month low of 97.55, while the AUD/USD failed to sustain momentum with the recovery stalling at the 0.9335 zone.
Elsewhere, European stocks are broadly lower while US futures point for a negative open. During the New York session, watch for Chicago PMI and Dallas Fed Manufacturing Survey.
Main Headlines in Europe:

Germany: Annual Retail Sales rise 0.3% in August
UK: Mortgage Approvals increase to 62.226K in August
UK: M4 Money Supply grows 0.7% in August, as expected
EMU: Annual CPI-Core at 1% in September
Troika inspectors suspend Greek bailout talks
What would a US government shutdown mean for markets?

[kingkedi]

What would a US government shutdown mean for markets?

As the US stares down the barrel of its first government shutdown in 17 years, neither the Democrats nor the Republicans are ready to give any ground.
The debt ceiling does not represent a cap on future spending, but instead on financing existing commitments. As such, Republicans are trying to tie any increase in the debt ceiling to a cut in federal spending – including a one year delay to the implementation of the Affordable Care Act.
On the other side of the aisle, Democrats want to protect spending, particularly the flagship Obamacare, from Republican pressure to cut.
Each motion passed by the Republican-controlled House so far has been summarily killed by the Democrat-led Senate.
The entrenched fighting between the two parties has not been eased by a belief seemingly held by both parties that the other will shoulder the blame in the event of a shutdown. The GOP believes that the Democrats have to bear the responsibility for refusing to compromise on what it sees as a job-killing measure in the implementation of Obamacare. Democrats look to paint the Republicans as opportunists looking to use the situation to dismantle the healthcare bill.
Market reaction
Historically, Republicans have felt the PR fall-out from a government shutdown, such as the one triggered under Clinton in 1995. However, neither side is going to come out of this stand-off smelling of roses.
The last government shutdown lasted for 3 weeks, between 15 December 1995 and January 6 1996. This followed a 5-days shutdown in November 1995. Reagan-Bush era stand-off were more common (’84 – twice, ’86, ’87, ’90) but all were of a shorter duration (~ 1 week).
In the past, stock markets have continued to rally before, during and after the shutdown, with the dollar holding up to a similar degree. As has been the case this time around, the dollar has weakened heading into a shutdown, before strengthening on its resolution.
Swap spreads remained stable running into shutdowns – rising 0.1bps ahead of the 1995 shutdown. On average, swaps have held their ground through the shutdowns, with some widening afterwards.
In a shut-down, government data releases may be delayed, such as payroll and retail sales figures.
Treasury auctions and principle payments would not be affected by the shutdown.
Today does not of course represent a threat of full government shut down. Instead it will shut down all non-essential spending. Instead, a hard limit for a debt limit increase will hit in late October-early November, putting a stop to social security, medicare and military pay. US Treasury and CDS markets are currently pricing in a resolution to the stand-off before this point and for no CDS event to be triggered, with the majority of the fall-out remaining political rather than fiscal.
Senate will convene at 2 PM ET when it will almost certainly kill the House’s plan that would extend the debt ceiling in exchange for a 1-year delay in the implementation of the Affordable Care Act.

[kingkedi]

Session Recap: USD weakens as shutdown begins

The USD weakened broadly Tuesday as the US government entered a partial shutdown after lawmakers failed to agree on funding for the fiscal year that began just after midnight.
For the first time in 17 years, parts of the US Federal Government have shut down due to political impasse. In the absence of a spending bill, thousands of government workers will be furloughed, national parks will be closed and other government's services will be affected.
EUR/USD reached a fresh 8-month high of 1.3587 but lost momentum and pulled back weighed by soft Eurozone data. GBP/USD scored a 10-month peak of 1.6259 before easing a tad. USD/JPY slumped back below 98.00.
The Australian dollar is among best performers as the RBA left policy unchanged and dropped its reference to an elevated AUD. AUD/USD has climbed nearly 150 pips throughout the day and hit a high of 0.9434.
During the New York session, traders will be watching the US PMI, the ISM manufacturing index and construction spending in an event-heavy week ahead of the key NFP report Friday.
Main Headlines in Europe:
Switzerland: SVME - PMI expands further in September
European open: US and Europe continue fight to the bottom
Commodities tumble after “Stoptober”
Germany: Unemployment Rate up to 6.9% in September
Germany: PMI Manufacturing down to 51.1 in September
EMU: PMI Manufacturing at 51.1 in September, as expected
UK: PMI Manufacturing slides to 56.7 in September
Flash: What’s the sentiment around the EUR/USD today? – Danske Bank and Commerzbank
EMU: Unemployment Rate unchanged at 12% in August
Not a Letta confidence in Italy
USD/JPY - Abe hikes sales tax and announces stimulus, but is it enough?

[kingkedi]

PM Abe announces huge boost in Japan’s economy as of ¥5trillion

About an hour earlier the Prime Minister of Japan Abe, announced that the Japanese government will inject an economic stimulus package worth around 5 trillion yen ($50.96 billion) to cushion the impact from the sales tax hike planned next April.
Japan’s Abe wastes no time to official announce after tax increase the stimulus package

After the Tankan survey – which might be well considered as the ‘absolute gauge’ sentiment regarding Japan’s industries – released at solid levels, PM Abe didn’t waste his time. Thus, after announcing that Japan will move forward with raising the sales tax from 5% to 8% in April, as planned, he also stated clearly approximately an hour later that the government will compile an economic stimulus package worth around 5 trillion yen ($50.96 billion) in order to offset any potential negative impact emerging from the sales tax hike planned next April. Traders should not in any case be taken aback by Abe’s movement, as markets had already priced in that as long as the Tankan survey was released at solid figures, Abe would proceed on such a movement. We would like to remind to the investors that we are witnessing a déjà vu of the late 90’s; being more précised, we are ahead of an Japanese fiscal tightening (sales tax from 5% to 8%) as well as Fed monetary tightening (the notorious QE3 tapering).
Furthermore, the Japan’s PM Abe suggested that the retail sales tax increase from 5% to 8% was more than a choice, as improving Japan's finances is a "matter of urgency", while he pointed out that both the stimulus package of the 5trillion yen which will reduce tax hike’s negative growth impact, as well as the sales tax hike are the only way to combine growth with fiscal reforms in Japan. Last but not least, the careful investor who reads behind the lines, might realize that the Japanese Finance Minister Aso does not fully feel comfortable with PM movements. Elaborating on, while the PM Abe said that “wants rulign parties to quickly consider corporate tax cut. Further rise in sales tax to depend on economic conditions”, the Finance Minister of Japan, Aso said through global wires that “will consider corporate tax cut in the mid- to long-term, if needed. Hasn't heard of when talks on that may start.” Finally, Aso added that he “wants to fund Y5tn stimulus with tax revenue and other means, without new bond issuance,” and we consider that he might not totally agree with PM’s moves.

[kingkedi]

Letta urges parliament to give him vote of confidence

Speaking before the parliament in Rome ahead of the crucial confidence vote today, Italian PM Enrico Letta was trying to convince lawmakers that he should be granted the mandate to lead a "real and new pact" to get the Italian economy back on track. He stressed that it was important to focus on stimulating growth and employment, rather than on dealing with a political chaos in the country.
The outcome of the confidence vote, which will take place at midday and not in the evening as previously planned, is crucial for the entire Eurozone, as further political unrest in Italy could weigh on the recovery in the entire area.
Letta urged the senators to give him their "courage and confidence" and pointed to his government's merits for boosting the economy over the five months it had been in office. Forming a new coalition government now could prove to be difficult like last time and it could delay the recovery in the country and “embarrass Italy in Europe,” the Prime Minister said.
According to the Investec team of analysts “a vote of confidence for the PM and his administration is expected. With no resolution in sight, market concerns remain over whether a weakened government will be able to guide Italy through the recession.”

[kingkedi]

EUR/USD easing to 1.3520 pre-ECB

FXstreet.com (Edinburgh) -The shared currency is back to the area of 1.3520/25, with the EUR/USD retreating from earlier intraday tops in the boundaries of 1.3535/40 ahead of the ECB meeting.
EUR/USD eyes on Draghi’s press conference
Market consensus expects the central bank to leave the refi rate unchanged at 0.5%, although the subsequent press conference by President Mario Draghi would bring the pertinent fireworks. The euro would thus remain under pressure, as Draghi would emphasize the bank’s forward guidance in order to ‘talk down’ the recent higher levels of the shared currency. Tim Riddell, Head of Global Markets Research at ANZ, commented “The “failed” spike to 1.3550 (an intriguing hammer candle) may be part of a running correction and so potential of a continued drive towards this year’s 1.3710 high and an area of measured targets at 1.3800 should not be denied, but it also raises the potential that the up-leg off 1.3100 may have completed already”.
EUR/USD relevant levels
The pair is now retreating 0.04% at 1.3519 and a breach of 1.3517 (low Otc.1) would target 1.3500 (psychological level) en route to 1.3467 (low Sep.30). On the upside, the next resistance aligns at 1.3598 (high Feb5) followed by 1.3660 (high Feb.4) and finally 1.3711 (2013 high Feb.1).