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Blog
September 52015
Weekly Forex Technical Analysis (Sep 7 — Sep 11)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0800 1.0944 1.1045 1.1189 1.1290 1.1433 1.1535 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0933 1.1024 1.1178 1.1269 1.1423 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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September 42015
Dollar Holds onto Gains as NFP Disappoint
US nonfarm payrolls released today were disappointing for dollar bulls, but that did not prevent the US currency from rising. The thing is that, while employment growth was below forecasts, the unemployment rate and wage inflation were better than the market has counted on. Now, analysts speculate how today’s data will affect the policy decision that the Federal Reserve should make on September 17. […]
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September 32015
Mario Draghi Sends EUR/USD into Sharp Decline
EUR/USD dropped sharply today after comments of Mario Draghi, President of the European Central Bank. (Event A on the chart.) He lowered economic forecasts, particularly the important inflation one, and suggested that additional quantitative easing is possible. Meanwhile, economic data released from the United States for the most part was better than expected, adding further pressure on the currency pair. Trade balance deficit shrank to $41.9 billion in July down […]
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September 22015
EUR/USD Slips as Market Sentiment Stabilizes
The market sentiment stabilized a bit following the recent turmoil on the Forex market caused by concerns about slowing global growth. The euro fell against the dollar as a result even though all today’s US economic reports were poor. The euro were acting like a safe currency lately, making the calm on the market detrimental to its performance. ADP employment rose 190k in August. The figure was not as good as economists had hoped for (204k) […]
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September 12015
EUR/USD Retains Gains for Second Day
EUR/USD continued to rally for the second trading session today. While the currency pair trimmed its gains as of now, it still remained far above the opening level. Poor economic data from the United States did not allow EUR/USD to retreat too far. Final Markit manufacturing PMI was at 53.0 in August. While the reading was far above the neutral 50.0 level and almost the same as the flash estimate and analysts’ expectations, […]
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August 312015
Methods of Deposit and Withdrawal in Online Forex
Five years ago, I have asked my readers about their preferred way of funding a Forex trading account. The results, unsurprisingly, showed a significant bias in favor of credit cards and PayPal. During the five years that passed, many things have changed in the payment systems and their availability to the Forex traders. Credit/debit cards — a staple online payment method with all its insecurities (credit card data can be stolen) and inconveniences […]
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August 302015
Forex Brokers Update — August 30th, 2015
One company has launched an international version of its website and its description is now available in the English part of EarnForex.com: VerumFX — a Russian broker with CROFR regulation and rather plain MT4 trading conditions — up to 1:200 leverage and $100 minimum account size. VerumFX Some other brokers have got a few changes: IFC Markets added Neteller and MoneyGram payment options. Deposits are now possible in euro. Segregated […]
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August 292015
Weekly Forex Technical Analysis (Aug 31 — Sep 4)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0428 1.0792 1.0986 1.1350 1.1544 1.1908 1.2102 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0750 1.0901 1.1308 1.1459 1.1865 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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August 282015
EUR/USD Fails to Extend Rally
EUR/USD was trying to extend its rally for yet another day on Friday and has been successful at first. Yet the currency pair halted its advance as of 8:30 GMT and was moving down since, reaching the opening level and attempting to go lower. Whatever the reason for such behavior, it is not US economic data, which was not as good as dollar bulls had hoped for. Personal income and spending rose […]
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August 272015
EUR/USD Moves Down for Third Day
EUR/USD continued to move down for the third straight trading session today as markets are stabilizing after China’s scare at the start of the week. The Asian nation took stimulating measures to support its slowing economic growth and the collapsing stock market. This caused EUR/USD to reverse its huge jump that the currency pair has demonstrated on Monday. The dollar is strengthening versus the euro despite speculations that the Federal Reserve is likely […]
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