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Day: November 22, 2014
November 222014
Euro Loses Ground by Weekend
Initially, it looked like this trading week would be another week of consolidation for the euro. Yet the shared 18-nation currency lost its ground by the weekend due to combined influence of poor economic indicators and comments from European policy makers. Comments of European officials hurt the euro at the start of the week. The positive German economic sentiment allowed the currency to gain ground, but this did not last long as the positive data […]
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November 222014
Weekly Forex Technical Analysis (Nov 24 — Nov 28)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2085 1.2230 1.2310 1.2454 1.2534 1.2679 1.2758 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2214 1.2277 1.2438 1.2501 1.2662 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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November 222014
Forex Brokers Update — November 22nd, 2014
One addition to the list of brokers this week: Forexite — a genuinely offshore company with a very low minimum account size ($1) and a custom trading platform (TradeRoom). They offer only currencies for trading and have leverage fixed at 1:100. Forexite Quite a few important updates this week: AForex no longer requires documents to be sent via paper mail to open an account. Lowered spreads in its Classic accounts. Forex […]
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