Blog – Page 12 – The Plot

April 10
2018

EUR/USD Rallies on Risk Appetite, ECB Policy Outlook

EUR/USD rallied today on risk appetite and the outlook for an interest rate increase by the European Central Bank. Traders’ sentiment improved after Chinese President Xi Jinping talked about opening China’s markets to foreign investors. Meanwhile, ECB Governing Council member Ewald Nowotny talked about policy normalization in the near future. While the currency pair is still trading above the opening level as of now, it has backed off from […]

April 8
2018

Forex Brokers Update â April 8th, 2018

There were no new broker additions to the list on EarnForex.com this week, but we have some updates to report on: WiseTrader no longer accepts deposits via Yandex.Money and iDeal; added support for paysafecard. Their customer support service is now also available via live chat. Libertex launched trading in more cryptocurrency pairs: ADA/USD (Cardano), XEM/USD (Monero), XLM/USD (Stellar lumen), EOS/USD, TRX/USD (Tron), […]

April 7
2018

Weekly Forex Technical Analysis (Apr 9 — Apr 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2085 1.2150 1.2216 1.2280 1.2346 1.2410 1.2476 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2150 1.2216 1.2280 1.2346 1.2411 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

April 6
2018

EUR/USD Closes Higher After Disappointing NFP

EUR/USD closed higher on Friday after the release of disappointing nonfarm payrolls and escalation of trade war rhetoric between the United States and China. Nonfarm payrolls rose by 103k in March, missing the analysts’ average estimate of 188k by a wide margin. On a more positive note, the previous month’s huge increase by 313k was revised to an even bigger figure of 326k. Meanwhile, unemployment rate ticked up unexpectedly from 4.0% to 4.1%. Average hourly earnings […]

April 5
2018

EUR/USD Backs Off As Trade War Fears Subside

EUR/USD backed off today after yesterday’s rally as fears of a trade war between the United States and China subsided. With no clear date of implementation of tariffs in China and the USA, chances are that the world’s two biggest economies may reach an agreement before a full-scale trade war starts. The current trading session was relatively light on economic news from the United States, and so traders wait for tomorrow’s important employment […]

April 4
2018

EUR/USD Rises on Mixed US Data, Trade Wars Escalation

EUR/USD rallied today as markets were rocked by the news that China announced tariffs on US goods in retaliation to the duties introduced by the United States on Chinese imports. As for US economic reports, employment data was surprisingly good, but the services sector was growing with slower pace and the increase of factory orders failed to meet market expectations. ADP employment increased by 241k in March, far above the predicted value of 208k. Furthermore, the previous […]

April 2
2018

EUR/USD Ticks Up in Light Trading

EUR/USD ticked up today as the dollar was under pressure from growing fears of a trade war between the United States and China. The rally was very limited as trading was thin because Easter Monday is a holiday in many countries. Markit manufacturing PMI rose from 55.3 in February to 55.6 in March according to the final estimate. It was close to the analysts’ forecasts and the preliminary reading of 55.7. (Event A on the chart.) ISM manufacturing […]

April 2
2018

[Poll] Fixed Spread vs. Variable Spread vs. Commission

When you start trading Forex, the first thing you notice is that there is no explicit fee that a broker charges you (unless you start with an ECN account). In fact, “no fees and no commission” is a phrase you can often see in Forex related advertisements. Obviously, brokers cannot operate without earnings, so most FX traders get to pay some sort of spread […]

April 1
2018

Forex Brokers Update â April 1st, 2018

The last week of March has seen the addition of one new broker to the list on EarnForex.com: WiseTrader — a CySEC regulated broker with a custom web-based trading platform. They offer accounts starting from as little as $250 and provide a maximum leverage of 1:400 on the multitude of currency pairs. WiseTrader Other brokers have been updated throughout the week: Big Boss no longer offers trading in stocks, oil, and indices. Dukascopy launched trading in cryptocurrencies […]

March 31
2018

Weekly Forex Technical Analysis (Apr 2 — Apr 6)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2053 1.2168 1.2245 1.2361 1.2437 1.2553 1.2630 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2159 1.2226 1.2351 1.2418 1.2543 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]