Blog – Page 45 – The Plot

January 15
2016

Majority of US Reports Bad, Dollar Falls vs. Euro

The US dollar sank versus the euro today as the majority of US economic reports released over the trading session were rather bad. This might mean the Federal Reserve will wait longer before hiking interest rates again. The dollar was soft even though the market sentiment deteriorated because of worries about the struggling economy of China, increasing demand for safe currencies. PPI fell 0.2% in December, exactly as specialists had […]

January 14
2016

EUR/USD Consolidates, Retreating After Rally

EUR/USD edged higher today, but the rally was limited by minutes of the European Central Bank’s latest policy meeting. They showed that European policy makers are willing to add more stimulus to boost inflation. Turning to US economic data released during the current trading session, unemployment claims unexpectedly rose last week while import and export prices dropped last month. Currently, EUR/USD is consolidating but […]

January 13
2016

EUR/USD Inches Higher During Wednesday’s Trading

EUR/USD ticked higher during the Wednesday’s trading session as markets stabilized following the release of favorable macroeconomic data from China. Now, traders wait for the speech of Mario Draghi on Thursday, hoping for some suggestions regarding future actions of European policy makers. US crude oil inventories increased by just 0.2 million last week compared to the median forecast of 1.9 million. The stockpiles shrunk by 5.1 million the week before. Total motor […]

January 12
2016

Building Strategies with Exeria and Arena

Have you ever dreamed of creating automated strategies based on technical analysis without learning how to code? With Exeria/Arena software stack, it is now a possibility. Unlike MQL Wizard in MetaTrader, Arena is capable of generating rather complex trading strategies in an easy visual way. What is it? Exeria and Arena is the software package developed by a Polish company EFIX DM. Exeria allows connection to MetaTrader and ActTrader […]

January 11
2016

Biggest Forex Scam Pt. VIII (David Lewalski and Jon Hammill)

We continue our series about the notable Forex scams with an article about an enterprise called Botfly LLC, which operated from 2005 through 2010. In a calm state of mind, a close look at the promotional materials of any scammer will quickly reveal to any layman that the offer is too good to be true. However, scammers never find a shortage of investors to prey with their Forex Ponzi schemes. The reason […]

January 9
2016

EUR/USD Ends Friday Lower After NFP

US nonfarm payrolls demonstrated a huge increase, boosting the US dollar against other currencies, including the euro. EUR/USD ended Friday below the opening level, though it almost erased its losses before the end of trading. Nonfarm payrolls surged by 292k in December, way above the forecasters’ predictions of 203k and the revised November’s increase of 252k (211k before the revision). Unemployment rate stayed at 5.0%. Average hourly earnings did not […]

January 9
2016

Weekly Forex Technical Analysis (Jan 11 — Jan 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0539 1.0625 1.0775 1.0860 1.1010 1.1096 1.1246 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0641 1.0807 1.0876 1.1042 1.1112 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

January 9
2016

Forex Brokers Update — January 9th, 2016

One new broker has been listed this week: Trade360 — a CySEC-regulated Forex broker with focus on “crowd trading”. The minimum account size is $1,000 and the spreads are above average with them. Leverage is capped at 1:200. Trade360 Some listed brokers have been updated regarding their supported languages: PCM Brokers launched an Indonesian version of their website. ICM Capital closed their Turkish website. […]

January 6
2016

Dollar Down vs. Euro as Fed Policy Minutes Look Dovish

Today, the dollar fell against some of its major peers, including the euro, after the Federal Reserve released minutes of its December meeting. Markets considered the minutes to be dovish, pushing the greenback down as a result. Very solid employment data was unable to help the US currency to hold ground, though it gave hope for dollar bulls that nonfarm payrolls, released on Friday, would also be strong. ADP employment […]

January 4
2016

EUR/USD Goes Down During Monday’s Trade

EUR/USD moved lower during the Monday’s trading session, erasing the intraday gains, even though economic reports from the United States were underwhelming. The likely reason for such behavior was risk aversion that hit the Forex market. The main theme today was the negative data from China that scared investors and drove them to safer currencies like the dollar, the yen and the Swiss franc. Final Markit manufacturing PMI dropped […]