Blog – Page 62 – The Plot

July 25
2015

Forex Brokers Update — July 25th, 2015

Three new brokers have been added to the list on our website during the last two weeks: MTrading — an offshore company with offices in a number of emerging countries. Support MetaTrader 4 platform with both fixed and variable spreads. MTrading ADS Securities London — a regulated British broker with standard, ECN, and spread betting MT4 account types. The minimum is just $1 except for the ECN accounts. ADS Securities London […]

July 24
2015

EUR/USD Demonstrates Small Losses During Friday’s Trading

EUR/USD dropped today as bad economic reports from Europe & China made traders flock to the safety of the US currency. The currency pair did not fall far, though, and trimmed its losses as data from the United States was not particularly good as well. Flash Markit manufacturing PMI was at 53.8 in July (seasonally adjusted), near the June’s figure of 53.6 and the forecast reading of 53.7. (Event A on the chart.) New home […]

July 23
2015

Euro Gains Even as US Data Supports Dollar

The euro gained on the dollar today as the Greek parliament approved another set of reforms that are required to secure a bailout from the European Union. The US currency attempted to bounce after the release of better-than-expected data from the United States, but success has been very limited so far. Initial jobless claims (seasonally adjusted) dropped from 281k to 255k last week, far below the level of 279k that has been […]

July 22
2015

EUR/USD Retreats After 1 Percent Gain on Tuesday

EUR/USD pulled back today after climbing 1 percent yesterday. The currency pair was moving sideways for the most part of the Wednesday’s session but has dipped recently and currently continues to move down. Existing home sales demonstrated an increase to the seasonally adjusted annual rate of 5.49 million in June from the downwardly revised 5.32 million in May. The actual value exceeded the median analysts’ estimate of 5.40 million. (Event A on the chart.) US […]

July 21
2015

Forex News on Mobile

According to one of my older polls, more than a half of this blog’s readers pay attention to Forex related news. A more recent poll suggests that FX traders give preference to websites and social networks when reading news about currencies. But what choice do traders have when it comes to getting news via mobile devices, particularly on phones? I would point out the following possibilities of reading the Forex […]

July 18
2015

Weekly Forex Technical Analysis (Jul 20 — Jul 24)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0338 1.0583 1.0707 1.0951 1.1075 1.1320 1.1443 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0553 1.0646 1.0921 1.1014 1.1289 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

July 17
2015

EUR/USD Heads to Biggest Weekly Loss Since May

EUR/USD attempted to rally today but failed to keep gains after upbeat US economic data. The unexpectedly poor consumer sentiment index did not help the currency pair much. In fact, the dollar was heading to the biggest weekly gains against the euro since May. Housing starts and building permits rose in June. Housing starts increased to the seasonally adjusted annual rate of 1.17 million from the revised 1.07 million in May. […]

July 16
2015

EUR/USD Continues to Descend

EUR/USD extended its move down today, following yesterday’s drop, as traders continue to anticipate an interest rate hike from the Federal Reserve in 2015. Economic data released from the United States during the Thursday’s trading session was mixed. Meanwhile, the European Central Bank announced that it is leaving its monetary policy unchanged but increased the emergency lending for Greece. Initial jobless claims fell from 294k […]

July 15
2015

EUR/USD Falls After US Data, Yellen’s Comments

EUR/USD declined during the current trading session as basically all today’s US economic indicators came out better than expected. The dollar gained on the euro also as Janet Yellen, Federal Reserve’s Chairperson, said that the central bank is planning to raise interest rates before the year’s end. PPI rose 0.4% in June, exceeding the median forecast of 0.2%. The index rose 0.5% in May. (Event A on the chart.) NY Empire State […]

July 14
2015

EUR/USD Flat After US Data

EUR/USD was rising initially today, spiking after the worse-than-expected retail sales report from the United States. Yet the currency pair retreated afterwards even though the rest of today’s economic data from the USA was not particularly supportive for the dollar either. EUR/USD dropped yesterday even though Greece reached an accord with its eurozone creditors. Retail sales fell 0.3% in June, proving wrong analysts who had […]