Blog – Page 48 – The Plot

December 15
2015

EUR/USD Down as Market Prepares for Fed Announcement

EUR/USD declined during the Tuesday’s trading session as the Forex market was preparing for the Wednesday’s policy announcement from the Federal Reserve. The vast majority of market participants anticipate an interest rate lift-off, and such expectations boost the dollar against other currencies. CPI was unchanged in November on a seasonally adjusted basis, in line with market expectations, after rising 0.2% in October. (Event A on the chart.) NY Empire State Index was at -4.6 in December, […]

December 14
2015

Forex VPS with Geographically Distributed Datacenters

TradingFXVPS is a new player on the market. It has been launched only recently. The range of VPS plans is very wide — from $25 to $250 per month (you will not need this expensive plan unless you need to operate dozens MT4 platforms simultaneously). Here is the list of this provider’s features: The cheapest VPS is $20 if you pay for a year. That plan goes with […]

December 13
2015

Forex Brokers Update — December 13th, 2015

No new Forex brokers have been added to the list on EarnForex.com but some existing listings have been updated: SmartTradeFX launched Chinese website. OctaFX is now available also in German language. Alfa-Forex removed Hebrew version of the website. Added Georgian, Armenian, and Spanish versions. USGfx introduced German, Italian, and French websites. NordFX no longer offers ZuluTrade and Integral FX accounts. HiWayFX added a website version […]

December 13
2015

Bullish Flag on EUR/JPY Promises Another Upswing

During the month that should have been a disaster for the euro, the EUR/JPY currency pair has formed a nice bullish flag. Its pole is on December 3 when ECB’s Mario Draghi refused to ease the eurozone’s monetary policy as much as the Forex market participants had expected of him. Then the flag part has been formed as a modest correction during six full daily trading sessions. The flag pattern is marked […]

December 12
2015

Weekly Forex Technical Analysis (Dec 14 — Dec 18)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0596 1.0696 1.0843 1.0943 1.1089 1.1190 1.1336 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0707 1.0866 1.0954 1.1113 1.1201 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

December 11
2015

EUR/USD Struggles to Rally

EUR/USD was attempting to rally today but had troubles in keeping gains. The rally was limited by the outlook for monetary tightening from the Federal Reserve, which was supported by the positive macroeconomic reports released from the United States over Friday. PPI rose 0.3% in November after falling 0.4% in October. Experts had not anticipated any change to the index. (Event A on the chart.) Retail sales were up 0.2% in November, matching […]

December 10
2015

EUR/USD Corrects After Two-Day Gain

EUR/USD corrected today, falling after the previous rally. Market participants continue to speculate about the possibility of an interest rate hike from the Federal Reserve next week, but there is a concern that the lift-off is already priced in and will not have a big impact on the dollar. The Thursday’s data from the United States was mildly positive, giving traders no reason to doubt that the Fed would refuse to act. Initial […]

December 9
2015

EUR/USD Shoots to Upside as Traders Wait for Fed

EUR/USD jumped more than 1 percent today as traders were closing their long positions ahead of the next week’s Federal Reserve policy decision. Market analysts believe that the rally would be short-lived unless the Fed fails to deliver the long-anticipated interest rate hike. Wholesale inventories were down 0.1% in October instead of rising 0.2% as was predicted by forecasters. The September’s increase was revised down from 0.5% […]

December 8
2015

Interview with Spotware (Developer of cTrader)

Two years after publishing my interview with Ilya Holeu, who was the Head of Sales and Marketing at Spotware Systems at that time, I present an interview with James Glyde, the company’s current Business Development Manager. Spotware is the creator of cTrader platform, which can serve as an attractive alternative to MetaTrader. Two years ago, I spoke with Ilya Holeu who was the head of sales of Spotware at that time. What would you […]

December 7
2015

What Will Fed Decide on December 16? Poll

In March, I have posted a poll asking about traders’ forecast on the US interest rate by the end of 2015. The most popular answer was that there will be no rate increase but rather a new round of quantitative easing. Obviously, it is no longer a viable option. The weird thing is that no one has voted that the interest rate will be raised on December meeting — the only meeting […]