Blog – Page 23 – The Plot

September 14
2016

EUR/USD Bounces amid Fed Hike Skepticism

EUR/USD gained today, erasing yesterday’s losses. Traders are discussing whether the Federal Reserve will hike interest rates next week. Chances for that look low, and that is likely the reason for the current weakness of the US dollar. Import prices declined 0.2% in August after rising 0.1% in July. The median forecast promised a bit smaller drop by 0.1%. Export prices dipped 0.8% following the 0.2% increase in the previous month. […]

September 13
2016

EUR/USD Gives Ground During American Session

While EUR/USD held steady during European trading hours, the currency pair gave ground during the US session today. Yesterday, the dovish speech Governor Lael Brainard drove the dollar down. Yet today, the US currency bounced against its rivals, including the euro. The week is light on economic reports from the United States until Thursday when a huge number of reports should be released. Deficit of treasury budget […]

September 12
2016

Will FOMC Raise Interest Rate in September 2016?

Contents 1 Market sentiment 2 Speeches 3 Economic data 3.1 Employment 3.2 Inflation 3.3 GDP 4 My opinion 5 Poll Both June and July meetings have been disappointments to dollar bulls. The FOMC played its wait-and-see game. It was, of course, expected by the savvy market observers. The real question now is whether we see a higher interest rate in the USA by the end of the year? Market sentiment […]

September 11
2016

Forex Brokers Update — September 11th, 2016

This was yet another week without new brokers to report. Here is the list of changes to the listed companies: EXNESS became regulated by the UK FCA (license #730729) through its Exness Europe Limited company. Interactive Brokers no longer accepts US traders. In reality, they do, but not for spot Forex unless a trader is Eligible Contract Participant with $10 million in a trading account. The reason for this […]

September 10
2016

Weekly Forex Technical Analysis (Sep 12 — Sep 16)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0946 1.1043 1.1133 1.1230 1.1320 1.1417 1.1508 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1041 1.1130 1.1228 1.1317 1.1416 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

September 9
2016

Budget Forex VPS Solutions from VPSServer.com

Another VPS provider has been added to the list on EarnForex.com. It has a “very creative” name — VPSServer.com. It is a brand new service — they have launched online operations on July 26 this year. The company behind the hosting (Global Cloud Infrastructure LTD) is rather obscure. They claim to be based in Europe, but there are no real contact details: no address, no telephone number, […]

September 8
2016

EUR/USD Surges After ECB, Fails to Maintain Rally

EUR/USD surged intraday as the European Central Bank refrained from expanding monetary stimulus. Yet the currency pair retreated to trade below the opening level later as positive macroeconomic data released from the United States and prospects for monetary easing from the ECB were pushing it to the downside. Initial jobless claims were at the seasonally adjusted level of 259k last week while experts had predicted them to stay close to the previous week’s […]

September 7
2016

Carry Trade with High-Yielding NZD vs. Brexit-Weakened GBP

My previous attempt to profit from carry trade did not end well. Swiss franc proved to be a wrong currency to bet against in 2015. This time is different! However, I seriously ask you not to follow this trade on a live account unless you are ready to lose some of your hard-earned trading funds. The idea of entering a new carry trade has been inspired by this reddit thread. The British […]

September 7
2016

MetaTrader Panel for Position Size Calculator

In February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 years later, I am honored to present the latest iteration in the development of PSC — the position size calculator with a graphical panel: In addition to an entirely new user interface, the latest […]

September 4
2016

CAD/JPY Consolidates in Symmetrical Triangle on Daily Timeframe

Canadian dollar is in a long-term downtrend against the Japanese yen since December 2014. The current bearish wave runs since April this year. The currency pair is consolidating for more than two months as of today. A bearish breakout from the formed triangle will trigger further selling pressure against the CAD. The symmetrical triangle is marked with the yellow lines on the screenshot below. As you can see, it is quite […]