Blog – Page 69 – The Plot

May 2
2015

Weekly Forex Technical Analysis (May 4 — May 8)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0444 1.0631 1.0914 1.1102 1.1385 1.1572 1.1855 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0655 1.0961 1.1126 1.1432 1.1596 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

May 2
2015

Forex Brokers Update — May 2nd, 2015

One new Forex broker have been added during the last week of April: Ruizean Trader — an Australian company regulated by ASIC. Standard accounts start from $200, and ECN accounts are offered from $1,000. Both are traded via MetaTrader 4. The leverage is capped at 1:100. Ruizean Trader Other brokers have been updated: RoboForex launched a Thai version of its website. Vinson Financials no longer […]

May 1
2015

EUR/USD Retreats, Erasing Session Gains

EUR/USD was rising for the most part of the current trading session but retreated to its opening level as of now. It was an unexpected turn of events as soft economic data from the United States and signs of progress in talks between Greece and its European creditors should have supported the currency pair. Markit manufacturing PMI fell to a three-month low of 54.1 in April from Marchâs 55.7, in line with expectations. (Event A on the chart.) ISM […]

April 30
2015

Dollar Remains Subdued vs. Euro

EUR/USD was rising today but fell after it was revealed that US jobless claims decreased more than was expected by analysts. Yet as of now the currency pair recovered. Initial jobless claims fell from 296k to 262k last week while analysts expected just a small drop to 290k. (Event A on the chart.) Both personal income and spending missed analysts’ estimates for March. Income was unchanged compared […]

April 29
2015

EUR/USD Rises After US GDP, Trims Gains After FOMC

EUR/USD climbed today with the help of abysmal US GDP report that showed that the US economic growth almost halted in the first quarter of this year. The currency pair trimmed its gains after the Federal Open Market Committee released its policy statement that was relatively optimistic. US GDP growth was a meager 0.2% in Q1 2015, according to the advance estimate, versus the forecast change of 1.0% and the previous […]

April 28
2015

Dollar Loses to Euro After Disappointing US Data

The dollar slid against the euro today after the release of disappointing macroeconomic reports from the United States. While the housing data was encouraging, the consumer sentiment report disappointed economists. Meanwhile, the manufacturing index improved but still trailed expectations somewhat. S&P/Case-Shiller home price index rose 5.0% in February from a year ago. The growth exceeded the median forecast of 4.7% and the January’s 4.5%. The index rose 0.5% on a monthly basis. (Event […]

April 27
2015

EUR/USD Ticks Up During Quiet Trading

Monday’s trading was rather quiet as the release calendar for the day was almost empty. There was a single indicator released from the United States today, and it drove the dollar down against the euro, though the greenback’s losses were small. Markit services PMI fell to 57.8 in April from 59.2 in the previous month while economists anticipated the gauge to stay almost unchanged. Still, the index was far above the neutral 50.0 […]

April 27
2015

How Do You Cope with Losses in Forex?

Sooner or later, every FX trader gets struck with an unexpectedly big loss or a line of such losses. Usually, it is just the matter of time and trader’s reaction to the resulting emotional and economical drawdown. The first thing to do is to get rid of the bad emotions. There are many ways to loosen your mind and to stop thinking about the incurred loss. Getting an emotional discharge through alcohol (do not mix it […]

April 25
2015

Weekly Forex Technical Analysis (Apr 27 — May 1)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0480 1.0569 1.0720 1.0810 1.0960 1.1050 1.1200 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0585 1.0750 1.0825 1.0990 1.1065 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

April 25
2015

Forex Brokers Update — April 25th, 2015

One new company has been listed this week: Zar FX — an unregulated MT4 Forex broker, which claims to be based in the United Kingdom. They provide ECN trading from $500 with 1:100 leverage. This broker accepts multiple payment options and offers some unique features. Zar FX Several other brokers had their descriptions updated during the period: AMarkets now offers 1:500 maximum […]