Blog – Page 42 – The Plot

February 15
2016

A Hike, a Halt, or a Cut? FOMC March 2016 Meeting

This blog’s readers had been able to guess the outcome of the December 2015 FOMC meeting. January 27 meeting‘s rate decision (hold) came as no surprise to the markets. The next meeting is scheduled to conclude on March 16 and will be accompanied by the press conference of Janet Yellen and the release of Summary of Economic Projections, which are issued quarterly. What we have now January 27 Fed’s meeting could be called […]

February 14
2016

Forex Brokers Update — February 14th, 2016

Just a few changes to the listed brokers this week: Forex4you no longer accepts deposits in Russian rubles. Now offers managed accounts and personal managers. MAM service is no longer available. The following account types are no longer available: E-Global MT4 Marketplace, Classic NDD (Instant), Cent NDD (Instant), Cent (Market). Remaining account types have been updated with lower spreads, higher maximum […]

February 13
2016

Weekly Forex Technical Analysis (Feb 15 — Feb 19)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0809 1.0948 1.1099 1.1238 1.1389 1.1527 1.1679 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0951 1.1105 1.1241 1.1395 1.1531 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

February 12
2016

EUR/USD Declines After Encouraging US Data

EUR/USD dropped today as most of US economic indicators were good while economic data from the eurozone was somewhat weak. Not every US indicator was good, though, as the consumer sentiment index dropped unexpectedly. Nevertheless, the reports reinvigorated speculations about potential interest rate hikes from the Federal Reserve this year. Retail sales rose 0.2% in January, at the same pace as in December. Analysts had predicted a bit […]

February 11
2016

EUR/USD Goes Higher amid Risk Aversion

EUR/USD advanced today as concerns about global economic slowdown deepened. The worries led to speculations that the Federal Reserve would hike interest rates with slower pace or even forgo monetary tightening altogether. Yesterday’s comments from Fed Chairperson Janet Yellen reinforced such view, being fairly dovish, though she did not say that the Fed is going to completely stop raising rates. Seasonally adjusted […]

February 9
2016

Total trade volume on COPYDEAL signals totals 12.4 billion USD in one year

In anticipation of the new year, we are publishing the total volume of copied trades on COPYDEAL for the current year. That number is a record 12.4 billion USD. Financial indicators reflect the aggregate trading volume of users of the social platform and include consolidated data from partner brokers of TSB. The number of profitable […]

February 8
2016

Biggest Forex Scam Pt. X (Christopher B. Cornett)

Unlike other financial markets, the Forex market has very little legal and capital restrictions. Thus, it is a blessing for a beginner who lacks financial strength. However, con artists misuse the FX market for their personal gains. Thus, it is a must to scrutinize the schemes related to the foreign exchange trading. Only then an investor can avoid emotional and material pitfalls and stay away from the fraudsters. A little bit of online […]

February 7
2016

Disfigured Double Top on GBP/CAD Weekly Chart

Not all chart patterns are created to look like an ideal example — some of them look horribly despite meeting the formal requirements of their kind. The latest development on GBP/CAD weekly chart is just such a case. The pattern began forming back in July 2015. The first top was reached in the end of August, then the middle bottom was set in October. The second part peaked in December 2015 but has also […]

February 6
2016

Weekly Forex Technical Analysis (Feb 8 — Feb 12)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0466 1.0640 1.0899 1.1073 1.1332 1.1506 1.1764 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0662 1.0942 1.1094 1.1374 1.1527 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

February 6
2016

Forex Brokers Update — February 6th, 2016

With nearly a month since the last brokers update post, there is quite a lot of new things to report on. Three new brokers have been listed on EarnForex.com during the period: Vipro Markets — a classic Cypriot Forex broker with MT4 platform and $25 minimum account size. Vipro Markets StoxMarket — an unregulated Russian broker with $1,000 minimum size, MetaTrader 4, and a custom trading platform. StoxMarket Titan […]