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Day: April 25, 2015
April 252015
Dollar Ends Week Mixed, Remaining Weakest Currency in April
The US dollar ended the week mixed but will likely end April as the weakest currency on the Forex market. The reason for the lackluster performance is the fact that many market participants no longer anticipate an early interest rate hike from the Federal Reserve. The US currency was demonstrating strength previously as traders speculated about a possibility of an early interest rate hike. Yet the recent wave of poor economic data made such […]
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April 252015
Weekly Forex Technical Analysis (Apr 27 — May 1)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0480 1.0569 1.0720 1.0810 1.0960 1.1050 1.1200 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0585 1.0750 1.0825 1.0990 1.1065 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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April 252015
Forex Brokers Update — April 25th, 2015
One new company has been listed this week: Zar FX — an unregulated MT4 Forex broker, which claims to be based in the United Kingdom. They provide ECN trading from $500 with 1:100 leverage. This broker accepts multiple payment options and offers some unique features. Zar FX Several other brokers had their descriptions updated during the period: AMarkets now offers 1:500 maximum […]
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April 252015
EUR Ends Friday Higher vs. USD, Lower vs. GBP & JPY
The euro ended the Friday’s trading session higher against the US dollar but lower against some other most-traded currencies, including the Great Britain pound and the Japanese yen. Friday’s economic data from Europe was mildly positive as the Ifo Business Climate Index for Germany improved to 108.6 in April from March’s 107.9. Yet the favorable indicator did not provide a substantial boost for the currency of the eurozone. The major negative factor remains […]
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