We are happy to announce that international regulated broker Fort Financial Services and AS Expo Bank (the oldest* bank in Latvia, Europe) made an agreement that starting from 12 August 2015:
All deposits and withdrawals via bank transfers are free for our clients!
2011 - Deutsche Bank’s 2010 USD Straight-Through Processing (STP) Excellence Award
2010 - Deutsche Bank for the exceptional quality of USD and EUR payment messages in year 2009
Expobank
* Founded in 1991, AS Expobank (the Bank) is one of the oldest banks in Latvia.

The US dollar has strengthened against the major world currencies based on the decline of the Chinese national currency - yuan has dropped to the three-year minimum. Taking into account the severe control of the Chinese central bank over the national currency- this step means a shift in the national policy and raises questions on the stability of the world’s second largest economy.
Asian markets have reacted with a decrease while government bonds traditionally show growth in moments of uncertainty and market tension. Investors prefer to analyze the possible consequences of such an unexpected decision regarding relatively stable national bonds by the Chinese regulator. In any case, such a decision marks the end of the official period of strong yuan supported by the regulator.
The Chinese Central Bank described this decrease, by almost 2%, as a “one-time reduction” and published an explanation that the decision was taken based on the new policy of controlling the exchange rate that reflects a current market situation.
Investors reacted to an immediate sale of the Australian dollar, which is often used by investors and speculators as a more liquid substitute for the Chinese currency. Based on the news release "Aussie" fell from $ 0.7325 to $ 0.7430.
Other Asian currencies have also cheapened against the US dollar. For example, the Singapore dollar is at the five-year minimum. The US dollar has strengthened by 0.4% against the basket of currencies and rose to 97.52. Euro has dropped to 1.0971 and against the Japanese yen the dollar has strengthened to 125. During news release there was a volatile trading on Chinese share markets but eventually fell back below.  On average, the drop of Chinese share markets was 0.2-0.3 after a slightly positive market closing on Monday.
The largest index of the Asian-Pacific region MSCI lost 0.7%; the Japanese Nikkei has cheapened by 0.6%.
Based on this, the demand for government bonds of tens of the US treasuries fell by 3 basis points to the value of 2.198%.
Futures of the US indices S&P 500 and Nasdaq are traded, on average, cheaper by 0.5%.
On commodity markets, the shift in the monetary policy of Beijing can be seen as negative in the very short run, since a cheap yuan means more expensive resources for Chinese companies. This way, copper futures fell by 1%.
Follow our reviews.
The review was prepared by the analytics department of Fort Financial Services.

Once again, in July was the meeting of the US Federal Reserve and again, the intentions of the monetary authorities on the timing of raising interest rates were not clarified. Based on the semantic analysis of the press-release were reinforced the views that the rate will be raised at the next meeting in September.
Meanwhile, the analysts of Fort Financial Services note, before the July’s meeting the probability of rate increase was 41%. By the end, the probability was already 45% however, below 50%. At the moment however, is estimated a rate hike in autumn as well as retention at the same level. The Federal Reserve is taking steps to reassure markets that the rate increases will take place in the current year but shows unavailability of accurate benchmarks.
Indecision of the Federal Reserve is caused by the current state of the economy of the United States. According to published reports, the US unemployment rate dropped to a normal level, moreover, the number of vacancies increases with an enviable stability. Together with the decreasing unemployment rate is raising the risk of inflation increase. It must be pointed out that since the second half of 2014 these risks were compensated by the falling prices of the “black gold”. Most probably, this factor will be completed by the end of the current year. The natural unemployment rate, in the long term, is estimated by the Federal Reserve at 5.0-5.2%. It should be mentioned that the value is close to these figures as it currently is 5.3%.
The main event of this week, with no doubt, is the report on the labor market in America. On Friday is scheduled the publication of the Ministry of Labor’s report on employment for the last month. Traditionally, this report is investors’ main focus. The interest to it is increased after the meeting of the Federal Reserve last week. Authorities of the Central Bank of America announced that the increase of interest rates depends on the improvement on the labor market. In July is expected an increase in jobs’ number by 215 000. It should be noted that economists consider a high rate of employment growth figures above 200 000. 
On Wednesday is scheduled the issue of ADP employment report for the last month. Earlier, in May and June, the data showed acceleration in jobs formation. Technically, this looked like a growth rebound from the line of the upward trend during the last 5 years, to which there was a decrease of the indicator in April. ADP’s publication on Wednesday may show a further data growth. In this case, the US currency, probably, will strengthen slightly against majors since the hope for the Friday’s report will be reinforced. More important may be the data related to the prices pressure based on wages.
The fact that the Federal Reserve keeps the possibility of interest rates increase in the first month of autumn indicates its desire to move to the tightened monetary policy this year, say the analysts of FortFS. This week, the main role is given to the data on inflation, wages and employment of the US population. Of interest is also the published data of PCE and ISM.
In anticipation of these publications the quotations on EUR/USD are decreased. How events will affect the rate of EUR / USD will be reflected on the site.
MACD is in the negative zone and below its signal line. According to the indicator it is possible to open positions only in short.
Stochastic oscillator is in the neutral zone. % K line crossed the% D line from top to bottom. According to the testimony of the indicator was formed the signal to open short positions.
Resistance levels: 1.0950, 1.1020
Current price: 1.0888
Support levels: 1.0890, 1.0820, 1.0750
Trading recommendations:
The fall of the pair is constrained by support at 1.0890. If bears manage to break through this support then the decrease will continue aiming to 1.0820 and 1.0750. The growth of EUR / USD is limited by resistance at 1.0950. Its breakthrough would open the way to the level of 1.1020.