The US dollar demonstrated a massive rally this week thanks to the monetary policy decision from the Federal Reserve and the Bank of Japan. Positive macroeconomic reports also played their part in the performance of the greenback. The Fed ended its quantitative easing program, in line with expectations of most market participants. Yet the accompanying statement was perceived to be more hawkish than had been expected, resulting in a big jump of the dollar. The rally was […]
Read moreEUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2130 1.2308 1.2415 1.2593 1.2700 1.2878 1.2985 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2290 1.2381 1.2575 1.2666 1.2860 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
Read moreSome minor updates have been applied to the list of brokers this week: eToro now supports trading in USD/CNH and USD/RUB currency pairs. TenkoFX removed cTrader platform. NSFX added NSFX Pro trading platform. Hantec Markets added Currenex Viking demo accounts. ELEX Electronic Markets no longer supports trading via Hotspot FX. NewTradeFX now supports MetaTrader 4. If you have any questions […]
Read moreThe Mexican peso ended the Friday’s trading session with losses as Brazil’s budget deficit widened to a record, increasing chances for a credit rating downgrade. The currency dropped even as the central bank refrained from an interest rate cut. The Bank of Mexico left its main interest rate at 3 percent yesterday, and analysts believe that the central bank will not change its monetary policy anytime soon. The central bank has a difficult […]
Read moreThe Canadian dollar ended Friday with losses against its US counterpart as Canada’s economy unexpectedly contracted in August. At the same time, the loonie managed to end the session flat versus the euro and to jump against the Japanese yen. Canada’s gross domestic product shrank 0.1 percent in August, following no change in the previous month. It was a frustrating result for economists, who predicted another month of stagnation. And of course it is not […]
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