Blog – Page 25 – The Plot

August 26
2016

EUR/USD Dips After Yellen Talks About Interest Rate Hike

Economic data released from the United States during today’s trading session was not spectacular but it had limited importance anyway as traders’ attention was glued to the Jackson Hole meeting and the speech of Fed chief Janet Yellen in particular. While Yellen did not say anything shocking and did not give away timing for the next interest rate cut, she said that there is stronger case […]

August 25
2016

EUR/USD Edges Higher Ahead of Jackson Hole & Yellen’s Speech

EUR/USD rose a bit today after two days of decline, though the currency pair has trimmed its gains as of now. Traders are focusing their attention on tomorrow’s symposium in Jackson Hole and speech of Fed Chairperson Janet Yellen. Market participants hope that Yellen will give hints regarding timing of interest rate hikes. If she shows the same optimism as most Fed members who spoke this week […]

August 24
2016

EUR/USD Goes Down, Ignoring Economic Data

US economic data released during the Wednesday’s session was disappointing with existing home sales falling more than was expected. Meanwhile, German GDP growth in the second quarter of 2016 was at 0.4% according the revised estimate, unchanged from the preliminary one, while experts had anticipated a downward revision to 0.3%. Yet all that did not prevent EUR/USD from tumbling today and reaching the lowest level in a week. […]

August 23
2016

EUR/USD Loses Gains Made Earlier During Session

EUR/USD was rising during the current session, getting help from a bunch of solid PMI figures released from the eurozone. Yet the currency pair has reversed its upside movement as of 12:00 GMT and was moving down ever since. Weak manufacturing data from the United States did little to stop the decline. Markit manufacturing PMI fell from 52.9 in July to 52.1 in August, according to the flash estimate, failing to reach […]

August 22
2016

Italian Forex VPS from HostingStak

The list of MetaTrader VPS providers on EarnForex.com has been updated with one more company — HostingStak. It is a general hosting provider with special offers for VPS solutions aimed on Forex traders. The range of monthly prices goes from â¬30 to â¬140 and can satisfy traders with different requirements to their VPS platform. Here are some highlights about HostingStak’s service: The lowest monthly price is â¬24.99, but […]

August 20
2016

Weekly Forex Technical Analysis (Aug 22 — Aug 26)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0983 1.1068 1.1196 1.1281 1.1409 1.1494 1.1622 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1079 1.1217 1.1292 1.1430 1.1505 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

August 18
2016

Dollar Still Feels Weight of FOMC Minutes

The US dollar continued to feel pressure from yesterday’s FOMC policy minutes today, falling against other major currencies. Thus, EUR/USD continued to move higher. While the rally of the currency pair was very limited yesterday, it is rather strong today. Positive economic indicators released from the United States on Thursday failed to support the greenback. Philadelphia Fed manufacturing index rose from -2.9 to 2.0 in August, exceeding […]

August 17
2016

Working with Larson&Holz — Handy for Pro, Perfect for Newcomer

The following post is a paid advertisement. The content has been provided by the advertiser. Trading on Forex proves to be profitable and easy, especially when you learn how to do it. But after learning the basics there rises a question â what broker to choose? Who to trust? Here we introduce Larson&Holz, the company that is acknowledged to be one of the best Forex brokers. The company works with the chain of representatives all […]

August 17
2016

EUR/USD Unable to Maintain Gains After FOMC Minutes

EUR/USD logged a surge after the Federal Open Market Committee released minutes of its latest policy meeting. The rally was short-lived, and now the currency pair trades not far from the opening level. While some members of the Committee discussed possibility of reducing monetary accommodation early, markets did not consider the minutes particularly hawkish, leading to disappointment of dollar bulls and weakening of the dollar. Yet the weakness did not last long, […]

August 16
2016

EUR/USD at New Post-Brexit High

EUR/USD rallied today, hitting the highest level since the big slump that had followed the Brexit announcement. US economic data released during the current trading session was mixed. The same goes to remarks from Federal Reserve officials as New York Fed President William Dudley said that a September interest rate hike is still possible while yesterday’s remarks from San Francisco Fed Governor John […]