Blog – Page 36 – The Plot

April 16
2016

Weekly Forex Technical Analysis (Apr 18 — Apr 22)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0958 1.1096 1.1189 1.1327 1.1420 1.1558 1.1651 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1085 1.1167 1.1316 1.1398 1.1547 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

April 15
2016

Dollar Falls Against Euro But Not Far

The dollar fell against the euro today as US economic data was not particularly good. The drop was not big though. Falling crude oil prices were also weighing on the greenback. NY Empire State Index climbed from 0.6 to 9.6 in April, far above the median forecast of 2.1. It is the highest level in more than a year. (Event A on the chart.) Industrial production and capacity utilization fell in March. Furthermore, […]

April 14
2016

EUR/USD Bounces After US CPI Disappoints

EUR/USD was slowly gravitating to the downside during the current trading session but bounced after the release of mixed US economic data. While unemployment claims made a pleasant surprise to dollar bulls, falling unexpectedly, consumer prices spoiled the mood, rising less than had been forecast. CPI increased 0.1% in March on a seasonally adjusted basis, less than analysts had predicted (0.2%). The index decreased 0.2% in February. (Event […]

April 13
2016

Dollar Broadly Stronger, Gains vs. Euro

EUR/USD slumped today as the dollar was broadly stronger during the current trading session. While the rise of crude oil and gains of global stocks were helping risky currencies earlier, now the sentiment has reversed. Traders considered the possibility that the good news can encourage the Federal Reserve to proceed with monetary tightening. Such view was beneficial to the greenback and detrimental to other currencies. The dollar managed to gain on the euro even though […]

April 12
2016

EUR/USD Retreats After IMF Forecast

EUR/USD retreated today as the dollar was firm. The US currency had support in the form of rather subdued outlook for global growth released by the International Monetary Fund. As for US data, it did not provide any particular insights into the state of the US economy. The next trading sessions may be more eventful as several important economic releases are scheduled, including reports about inflation, retail sales and the consumer sentiment. Import […]

April 11
2016

Truth Behind Forex Industry Awards

Have you ever seen a Forex broker boasting awards like The Best Platform in Eastern Europe or The Best STP Forex Broker? You might think — what’s the deal with so many brokers taking pride in so many awards? How are they any representative of quality if every broker has at least dozen of such honors? The fact is, they do not. In the majority of cases, these awards are […]

April 9
2016

Weekly Forex Technical Analysis (Apr 11 — Apr 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1202 1.1264 1.1329 1.1392 1.1457 1.1519 1.1585 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1265 1.1331 1.1392 1.1459 1.1520 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

April 7
2016

EUR/USD Backs Off from Highest Level Since October

EUR/USD fell during the Thursday’s trading session after reaching the highest level since October intraday. US macroeconomic data may have played a part in the bounce as it was rather good. Friday is going to be light on economic reports with only wholesale sales being released. At the same time, several members of the Federal Reserve will be speaking, including Chairwoman Janet Yellen. Initial jobless claims fell […]

April 6
2016

EUR/USD Remains Firm After Fed Minutes

EUR/USD was falling in the first half of the current trading session but bounced in the second. The dollar made an attempt to bounce against the euro after the release of Federal Reserve’s latest policy meeting. Yet the greenback was unable to follow through with a rally, trading largely sideways. US crude oil inventories fell by 4.9 million barrels last week after rising by 2.3 million the week before. Experts had predicted an increase […]

April 5
2016

EUR/USD Drops After US Services Data, Attempts to Recover

EUR/USD is trading lower today as the positive reports about US services sector bolstered the dollar against the euro. Yet as of now, the currency pair is trying to recover as not all of the US data was good. The trade balance, for example, worsened more than analysts had predicted. Trade balance deficit was $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. That is compared […]