Blog – Page 26 – The Plot

August 15
2016

Forex Brokers Update — August 15th, 2016

During the last week, one new broker has been added to the list on EarnForex.com: BDSwiss — a regulated Cypriot company with $200 minimum account size and 1:400 maximum leverage on Forex. The only trading platform offered is MetaTrader 4. BDSwiss Three listed companies have been updated during the week: Mayzus is now known as Liteforex (Europe). Despite the new name’s similarity to LiteForex, the trading conditions remain distinct. […]

August 15
2016

The Most Popular Fundamental Indicator?

Unarguably, the most popular technical indicator in Forex trading is moving average. The fundamental factors influencing the currencies are far more varied than the perceived technical forces (momentum, support and resistance, pivots). Moreover, traders assign different degrees of importance to different factors. Some prefer employment indicators, others watch changes in commodity price indices. Below, I attempt to summarize the wide range of fundamental indicators, providing brief explanation and examples […]

August 13
2016

Weekly Forex Technical Analysis (Aug 15 — Aug 19)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0931 1.1001 1.1082 1.1151 1.1233 1.1302 1.1384 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1004 1.1088 1.1154 1.1239 1.1305 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

August 12
2016

US Indicators Miss Expectations — EUR/USD Resumes Rally

EUR/USD resumed its rally, which it paused yesterday, as basically all reports released from the United States over the Friday’s trading session failed to meet market expectations. As a result, speculations about an interest rate hike from the Federal Reserve hushed and the dollar lost some of its luster. PPI fell 0.4% in July instead of rising 0.1% as analysts had predicted. The index was up 0.5% the month before. (Event […]

August 11
2016

EUR/USD Goes Lower, Ending Three-Day Rally

EUR/USD has ended its three-day rally today, falling a bit. The relatively positive macroeconomic reports released from the United States over the session helped the dollar to stand ground versus the euro. Meanwhile, market analysts continue to argue about timing of an interest rate hike from the Federal Reserve. Initial jobless claims were at 266k last week, little changed from the previous week’s revised level of 267k. Analysts had […]

August 10
2016

EUR/USD Pushes Higher

EUR/USD continued to rally as the post-NFP rally of the dollar was fading. Absence of important macroeconomic data from the United States was not helpful to the greenback either. Saying that, Friday is going to be reach on reports from the USA with most noteworthy being the PPI, retail sales, and the consumer sentiment. Crude oil inventories increased by 1.1 million barrels last week after rising 1.4 million the week before while […]

August 9
2016

EUR/USD Jumps After Moving Sideways

EUR/USD was moving sideways for the most part of the current trading session but has jumped sharply not so long ago and is now trading far above the opening level. At the present time, it is hard to say what drove the currency pair upwards. The general sentiment remains in favor of the dollar due to speculations about possible interest rate hike, while the euro is hurt by concerns about the Brexit and its […]

August 7
2016

Forex Brokers Update — August 7th, 2016

One new broker has been added to the list on EarnForex.com this week: JFD Brokers — a CySEC regulated company with offices in Cyprus, Bulgaria, and Germany. They offer MT4 accounts with $500 minimum and 1:400 maximum leverage. Multiple trading instruments are at the clients’ disposal. JFD Brokers Some of the listed brokers have been updated during the week: ForexTime (FXTM) is now regulated in South Africa by FSB and in the UK […]

August 6
2016

Weekly Forex Technical Analysis (Aug 8 — Aug 12)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0822 1.0934 1.1010 1.1122 1.1198 1.1310 1.1386 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0925 1.0993 1.1113 1.1181 1.1301 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

August 5
2016

Good Nonfarm Payrolls Push EUR/USD Down

EUR/USD was gradually rising at the start of the current trading session but plunged after nonfarm payrolls had demonstrated growth that surpasses economists’ expectations. The news fueled talks about an interest rate hike from the Federal Reserve by the year end, though for now bets from speculators do not favor such an outcome. Nonfarm payrolls rose by 255k in July, exceeding the forecast growth by 180k and the previous month’s revised 192k. […]