Blog – Page 55 – The Plot

October 3
2015

Forex Brokers Update — October 3rd, 2015

One new company has been listed this week: FinPro Trading — an unregulated company with offices in several countries. This broker offers a range of account types: micro, ECN, STP, and Muslim. Three trading platforms are available: MetaTrader 4, ZuluTrade, and TradeStation. The lowest minimum to start trading is $5. FinPro Trading Some of the listed brokers have been updated during the same period (mostly their website […]

October 3
2015

Weekly Forex Technical Analysis (Oct 5 — Oct 9)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0940 1.1037 1.1123 1.1221 1.1307 1.1404 1.1490 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1035 1.1118 1.1218 1.1301 1.1401 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

October 2
2015

Abysmal Nonfarm Payrolls Spark Rally of EUR/USD

EUR/USD was moving slowly during at the first half of the current trading session but has surged after the release of US nonfarm payrolls. The report was not just worse than expected, it was really abysmal. Specialists say that it was the worst payrolls in 2015. Not only the data was bad by itself, it also made rather unlikely for the Federal Reserve to start monetary tightening this year. […]

October 1
2015

EUR/USD Carves Out Gains

EUR/USD managed to carve out gains during the Thursday’s trading session as a couple of economic indicators released from the United States today were disappointing. This includes the increasing jobless claims and the drop of ISM manufacturing PMI. The gains of the currency pair were meager, though, as the market prepares itself for the tomorrow’s release of nonfarm payrolls. Initial jobless claims rose from 267k to 277k last week, a bit above analysts’ expectations of 273k. […]

September 30
2015

EUR/USD Reverses Movement

EUR/USD reversed its upward movement and fell today as US employment data beat analysts’ expectations. It is an encouraging sign for dollar bulls ahead of even more important nonfarm payrolls, which will be released on Friday. ADP employment was up by 200k in September, a bit above the median forecast of 192k and August’s growth of 186k. (Event A on the chart.) Chicago PMI dropped by 5.7 points to 48.7 in September. Analysts’ predictions […]

September 29
2015

USD/RUB to Break Out from Symmetrical Triangle

Russian ruble has been consolidating in a symmetrical triangle pattern since late August. USD/RUB reached its most recent peak on the daily chart on August 24 (71.60). The formation of the pattern went by the book except for the upper border declining faster than the lower border is rising. This instance of symmetrical triangle follows a rather long uptrend and represents a classic continuation pattern. The bullish breakout looks imminent. The yellow lines on the chart […]

September 29
2015

EUR/USD Slows Rally

EUR/USD continued to rise today, though the pace of the rally slowed. In fact, the currency pair was falling in the first half of the trading session before bouncing back above the opening level. The dollar attempted to stage a rebound after data revealed an unexpected surge of the consumer confidence, by the attempt has failed. S&P/Case-Shiller home price index rose 5.0% in July from a year ago, in line with expectations and at almost the same rate as in June (4.9%). […]

September 28
2015

Dismal US Housing Data Helps EUR/USD to Bounce

EUR/USD was falling today but reversed losses as of now after US housing data turned out to be rather negative. The currency pair advanced even as Federal Reserve officials continued to talk about an interest rate hike this year. Personal income rose 0.3% in August, compared to the forecast of 0.4% and the July’s revised increase of 0.5% (0.4% before the revision). Personal spending was up 0.4%, the same as the previous month’s […]

September 28
2015

7 Forex Social Networks to Try

With Forex social networks numbering as much as hundreds of thousands members, it means high popularity among the traders. There are many communities of traders, but not all of them can be considered social networks of traders. To be considered a social network, a trading website should provide opportunity to share trading results, follow, compare and analyze (with a very high level of detail) various trading systems and, finally, […]

September 27
2015

Forex Brokers Update — September 27th, 2015

One new Forex broker has been added during the week: Bulls Capital Markets — a regulated Forex broker from New Zealand that started offering its services back in 2013. They offer MT4 platform with $50 minimum account size, up to 1:1000 leverage, and micro-lots. Bulls Capital Markets Few of the listed brokers have been updated during the period: PaxForex now accepts payments via UnionPay. […]