Blog – Page 57 – The Plot

September 16
2015

EUR/USD Gets Help from US Data

EUR/USD staged a recovery today that got support from Wednesday’s US data. Most notably, it showed that the United States has experienced deflation, weakening the case for the Federal Reserve to start tightening monetary policy. It is bad news for the dollar, especially as it came out just a day before the Fed announces its policy decision. US CPI fell 0.1% in August while most analysts did […]

September 15
2015

EUR/USD Heads Lower Ahead of FOMC Decision

EUR/USD fell today for the second trading session as traders prepared for the announcement of a monetary policy decision by the Federal Open Market Committee on Thursday. The currency pair was moving down even though all of Tuesday’s economic reports from the United States were disappointing for dollar bulls. Retail sales rose 0.2% in August. That is compared to the median forecast of 0.3% and the revised July’s increase of 0.7%. (Event A on the chart.) NY Empire State […]

September 14
2015

How Often Do You Look at the Charts?

It appears that currency traders’ predisposition to monitor charts varies significantly. Some build enormous trading stations with several monitors to constantly keep an eye on multiple charts at once, while others tend to move their trading terminal away to some remote VPS in order to preserve their peace of mind. Such traders start feeling anxious about their trades when they switch to frequent chart-checking. Forex traders […]

September 12
2015

Weekly Forex Technical Analysis (Sep 14 — Sep 18)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0962 1.1042 1.1191 1.1270 1.1419 1.1498 1.1647 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1059 1.1225 1.1287 1.1454 1.1516 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

September 12
2015

Forex Brokers Update — September 12th, 2015

Three new brokers have been added to our website during the last two weeks: BCapitalsFX — an unregulated MT4 broker with a full range of account types, starting with $10. The maximum leverage is 1:400, and the spreads are pretty low. BCapitalsFX Seven Star FX — an offshore company with Belizean registration and MetaTrader 4 platform. Standard accounts start at $500 while ECN accounts require $10,000 minimum. Both […]

September 11
2015

EUR/USD Maintains Rally Ahead of FOMC Week

EUR/USD continued to march upward on Friday as traders speculated whether the Federal Open Market Committee hikes interest rates next. The worse-than-expected US consumer confidence index supported the view that markets will not see a rate hike in September. Such outlook is detrimental to the dollar, allowing the euro to gain on the US currency. Seasonally adjusted PPI showed no change in August after falling 0.2% in July. Forecasters had predicted […]

September 10
2015

EUR/USD Logs Gains After Mixed US Reports

EUR/USD, which was slowly crawling up during this week, logged noticeable gains today as US macroeconomic data turned out to be mixed. It fueled speculations that the Federal Reserve is not going to raise interest rates during the next week’s policy meeting. Initial jobless claims were at the seasonally adjusted level of 275k last week. It was below the forecast of 279k and the previous week’s revised […]

September 9
2015

CFTC Warns US Traders About Unregistered Foreign Companies

CFTC is doing its best to protect US traders from the foreign companies that are soliciting American traders without obtaining a proper registration. Today, the US regulatory watchdog launched the RED List of Forex/binary brokers on its SmartCheck platform. The list consists of 19 companies as of today. The majority of them (15) are various binary brokers. Three are Forex brokers: Forex-Metal, FX Choice, and Trader’s Way. And one is […]

September 8
2015

Top 5 Forex Blogs

Four years have passed since I published my previous list of Forex blogs to follow. Two of the blogs mentioned there are no longer active (fxmadness.com and ForexBlog.org). I have also switched some priorities in my Forex reading, so the current recommended blogs list looks as following: Ben Bernanke’s Blog — my best discovery of 2015. A real gem on interest rates, monetary policy and Fed’s tactics. Helicopter Ben does not post too […]

September 7
2015

Trading Competition from tradimo and One Financial

Online trading school tradimo and British regulated Forex broker One Financial Markets have announced a trading contest that will last from mid-September till the end of the year. The contest consists of two independent parts: demo competition and live competition. The demo part will start on September 14 and will end on October 2. Its prizes are $1,500, $1,000, and $500 funded real trading accounts from One Financial […]