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Blog
October 292015
EUR/USD Crashes as FOMC Hints at December Hike
EUR/USD crashed after the Federal Open Market Committee hinted at the possibility of monetary tightening in its monetary policy statement. The Committee suggested that it may happen as soon as December. And this is exactly when the European Central Bank is expected to expand its monetary stimulus, at least according to speculations. Unsurprisingly, under such circumstances EUR/USD had little choice but to go down. US crude oil inventories increased […]
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October 292015
EUR/USD Attempts to Regain Ground
EUR/USD was attempting to rebound today after yesterday’s huge drop. So far, the currency pair had some success, but it was not nearly enough to erase the decline of the previous session. Today’s data from the United States was on the weak side (with the exception of jobless claims), bolstering EUR/USD further. According to the advance estimate, US GDP grew 1.5% in Q3 2015, a bit slower than analysts had […]
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October 272015
EUR/USD Flat, Waiting for FOMC Decision
EUR/USD was flat today as traders were reluctant to act ahead of tomorrow’s policy announcement from the Federal Reserve. The vast majority of analysts expect no change to the policy, but they hope that the Fed will hint whether it is going to act in December. Today’s data from the United State was mixed, offering little in helping the currency pair to determine its bias. Durable goods orders fell 1.2% […]
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October 262015
EUR/USD Edges Higher After Last Week’s Huge Slump
EUR/USD ticked up today following last week’s huge drop. It is not a surprise to see a correction after the currency pair has dropped so far so fast. The disappointing US housing data was not helping the dollar either. Yet it will take more than just a small correction for traders to believe that the euro is ready to regain strength. New home sales were at the seasonally […]
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October 262015
How Forex Brokers React to News?
Three quarters of this blog’s readers follow Forex news to some degree. I assume that some part of them is actively engaged in news trading . (By the way, we have a strategy description for trading the important news.) Brokers that execute trades during the high-impact news releases have to deal with abnormally high volatility, which results in certain problems for the order execution process. Spread widening is a simple way […]
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October 252015
Forex Brokers Update — October 25th, 2015
Three new brokers have been added to the list of companies on EarnForex.com this week: Core Spreads — an FCA-regulated MT4 broker based in the United Kingdom. They offer standard MT4 accounts and a custom spread betting platform. The minimum is just $1 and the spreads are also very low. Core Spreads TradeKing — a US-based Forex broker with a proper NFA registration. They offer currency trading via proprietary ForexTrader Pro […]
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October 242015
Weekly Forex Technical Analysis (Oct 26 — Oct 30)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0489 1.0743 1.0880 1.1133 1.1270 1.1524 1.1661 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0714 1.0822 1.1104 1.1212 1.1495 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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October 222015
EUR/USD Sinks After ECB Hints at Additional Stimulus
EUR/USD sank almost 2 percent during the current trading session. While economic reports from the United States were good for the most part, they were not the main reason for the big slump. The most important perpetrator in the decline was the comments of Mario Draghi, President of European Central Bank. (Event A on the chart.) He kept monetary policy unchanged but hinted that the ECB is likely to expand monetary stimulus in December. […]
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October 212015
Dollar Little Changed vs. Euro During Quiet Trade
The dollar was little changed against the euro during Wednesday’s quiet trading. This week’s economic calendar is light on reports, resulting in subdued trading. The euro attempted to rally versus the greenback intraday but failed and is trading near the opening level right now. Crude oil inventories rose by 8.0 million barrels last week and remained near levels not seen for this time of year in at least the last 80 […]
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October 172015
Weekly Forex Technical Analysis (Oct 19 — Oct 23)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1128 1.1231 1.1289 1.1392 1.1450 1.1553 1.1611 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1220 1.1267 1.1381 1.1428 1.1542 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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