Blog – Page 37 – The Plot

April 3
2016

Forex Brokers Update — April 3rd, 2016

One broker has been added to the list during the week: SuperForex — an offshore (Belizean) Forex company with MT4 accounts — Standard and Swap-Free Islamic. Both start from $1 minimum. 1:1000 leverage is available on Forex and CFDs. SuperForex Some brokers have been updated: TenkoFX closed offices in India and Kyrgyzstan. No longer accepts payments in WebMoney but added UnionPay support instead. Customer support in Chinese and Indonesian […]

April 2
2016

Weekly Forex Technical Analysis (Apr 4 — Apr 8)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0931 1.1042 1.1216 1.1327 1.1501 1.1612 1.1786 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1057 1.1247 1.1342 1.1532 1.1627 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

April 1
2016

Interview with Wes Mahir (CEO of VForex)

VForex LLC is an Irvine, California, based hi-tech startup company looking to fill a rather overlooked gap in financial trading. And they plan to do it in a quite unusual way — by introducing virtual and augmented reality technologies to both sides of the dealing desk. AM: Hello Wes! What is VForex and what are its plans for the world of financial trading? WM: Hi! VForex is a team of a computer science professionals. I have formed […]

April 1
2016

EUR/USD Sinks After Release of Nonfarm Payrolls

US nonfarm payrolls were released today, and they were basically in line with expectations. Yet this did not prevent EUR/USD from sinking after the release. It was the first drop for the currency pair after four sessions of gains. As for other reports, manufacturing data was decent while construction spending fell unexpectedly. Nonfarm payrolls demonstrated an increase by 215k in March which was slightly above the median forecast […]

March 31
2016

EUR/USD Touches Highest Level Since October

EUR/USD extended its rally to the fourth consecutive day, rising to the highest level since October 15. The unexpected increase of jobless claims makes it even harder for the dollar to halt its decline versus the euro. The US currency firmed a bit after the big jump of the Chicago Business Barometer but the greenback still remains very vulnerable. Seasonally adjusted initial jobless claims climbed to 276k last week from 265k the week […]

March 30
2016

EUR/USD Remains Strong

The dollar remained weak today after yesterday’s drop caused by comments from Janet Yellen. Today’s employment report showed decent growth but nothing spectacular, meaning that it could not provide substantial aid to the greenback. Currently, EUR/USD is moving down but remains above the opening level. ADP employment demonstrated an increase by 200k in March which was a bit bigger than the predicted gain by 195k. On the flip […]

March 29
2016

EUR/USD Struggles to Extend Rally Ahead of Yellen’s Speech

EUR/USD was attempting to extend yesterday’s rally but had troubles with doing so as economic data released today from the United States was rather good. Now, traders turned their attention to the upcoming speech of Federal Reserve’s chief Janet Yellen as her comments may change the outlook for the dollar. S&P/Case-Shiller home price index rose 5.7% in January (year-on-year), exactly as forecasters had predicted and almost at the same rate […]

March 28
2016

EUR/USD Ends Six -Day Decline

EUR/USD rose on Monday after six sessions of decline. Some analysts explain the change of movement by disappointing economic data from the United States, but in truth reports were not particularly bad, especially the one concerning the housing market. Personal income and spending rose in February. Personal income rose 0.2% compared to the forecast 0.1%. Personal income rose 0.1% versus the predicted 0.2%. The January’s figures were 0.5% and 0.1% respectively. […]

March 28
2016

Having Trouble Pulling the Trigger on Forex Trades?

Overtrading is a well-known evil in the world of Forex trading. Its malicious twin — lack of confidence — is less famous, perhaps, because it does not lead to direct losses, but it can definitely cost traders a lot of money. Contents 1 Reasons 2 Consequences 3 What to do? 4 Your experience Reasons Being trigger-shy prevents a trader from entering trades — the execution of the strategy breaks down and the edge […]

March 27
2016

Forex Brokers Update — March 27th, 2016

Only four updates to report for the week: Trade360 lowered minimum account size from $1,000 to $25. No longer allows hedging positions. Increased the number of currency pairs for trading to 120. Their quotes are now 5-digit instead of 4-digit. Vistabrokers now accept CashU and FasaPay for deposit. Launched the Italian version of its website. Vipro Markets now accept deposits in Polish zloty. The broker provides also added customer support […]