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November 7
2015

Weekly Forex Technical Analysis (Nov 9 — Nov 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0267 1.0487 1.0613 1.0833 1.0959 1.1179 1.1305 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0464 1.0566 1.0809 1.0912 1.1155 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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November 7
2015

Forex Brokers Update — November 7th, 2015

One more week has passed without any new additions to the list of Forex brokers on our website, but here are some list updates to report on: RoboForex changed its free VPS condition from $300 deposit to 3 lots trading volume. Tradeo is now regulated by CySEC. RFXT launched a Spanish website. Finam added a lot of new website languages: Arabic, Chinese, Spanish, Indonesian, Malay, […]

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November 6
2015

EUR/USD Slumps as NFP Surprises with Stellar Reading

EUR/USD sank more than 1 percent today after US nonfarm payrolls demonstrated impressive growth that was way bigger than forecasts had promised. Now, the market prices in a big probability of an interest rate hike from the Federal Reserve as soon as the next month. Of course, this is very beneficial for the US dollar. Nonfarm payrolls climbed by 271k in October. That is compared to the median analysts’ forecast of 181k […]

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November 5
2015

EUR/USD Sinks as Yellen Talks About December Hike

EUR/USD tumbled on Wednesday as Fed Chairperson Janet Yellen said than an interest rate hike in December is “a live possibility.” (Event D on the chart.) US economic data released over the trading session supported the case for monetary tightening, being rather good. ADP employment grew by 182k in October, in line with expectations. The September’s increase was revised slightly from 200k to 190k. (Event A on the chart.) US trade balance deficit […]

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November 5
2015

E-Book Review: Impact of Economic News on Financial Markets

Reviewing an economics study paper that is 8 years old but is still relevant today is an odd experience. The Impact of Economic News on Financial Markets published by John C. Parker in April 2007 is a good example of such a document. John is an econometrician with nearly 40 years of experience now and is currently working as a Chief Economist at Impact Infrastructure. He wrote this e-book while being […]

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November 3
2015

Interview with Abhijit S. Kulkarni (Founder of FX PIP CHAMP)

FX PIP CHAMP is an online educational website that offers Forex training programs — one-on-one, group training, and online tutoring. Their aim is not to teach some particular skills but rather to set an applying new trader on a path of consistently profitable trading. Abhijit Kulkarni is the head of the facility. He offered to answer some question regarding their vision of modern currency trading education: What is […]

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November 2
2015

EUR/USD Backs Off During Monday’s Trading

EUR/USD retreated on Monday after two sessions of gains even though manufacturing reports released from Europe today were rather good. US manufacturing also showed decent performance. All in all, Monday’s economic data did not provide surprises, being in line with expectations. Traders wait for US nonfarm payrolls scheduled for release on Friday (as usually) as the employment report might be the key factor for the Federal Reserve to decide […]

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November 1
2015

Forex Brokers Update — November 1st, 2015

No new companies have been added during this update, but there were enough changes to existing brokers: Sensus Capital moved from Malta to Cyprus and is now regulated by CySEC in stead of Maltese FSA. Stop-out level increased from 25% to 100% in all account types. PaxForex is no longer based in British Virgin Islands. Added support for QIWI and Skrill deposits; also, accepts deposits in British […]

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October 31
2015

Weekly Forex Technical Analysis (Nov 2 — Nov 6)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0704 1.0800 1.0903 1.0999 1.1101 1.1198 1.1300 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0802 1.0906 1.1001 1.1104 1.1199 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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October 30
2015

EUR/USD Slows Advance

EUR/USD attempted to extend yesterday’s bounce today but backed off to close not far from the opening level by the end of the trading session. US economic data released on Friday was below market expectations for the most part with the exception of the Chicago Business Barometer. Both personal income and spending increased 0.1% in September after rising 0.4% in August, missing the analysts’ estimate of a 0.2% increase. (Event A on the chart.) Chicago PMI increased […]

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