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- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Blog
March 282015
Weekly Forex Technical Analysis (Mar 30 — Apr 3)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0465 1.0616 1.0750 1.0901 1.1035 1.1186 1.1320 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0612 1.0742 1.0897 1.1027 1.1181 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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March 282015
Forex Brokers Update — March 28th, 2015
Two new unregulated brokers have been added to the list on EarnForex.com today. Although I am not a big fan of Forex regulation myself, none of the new websites look particularly trustworthy, so proceed with great care. The third broker has a sort of regulation, but it is not something entirely different from the other two. WesternFX — an offshore broker with MT4 trading platform and accounts starting from as little […]
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March 272015
EUR/USD Recovers as US GDP Slows in Q4
EUR/USD was falling in the first half of the current trading session but recovered after a final estimate of US gross domestic product confirmed that US economic growth slowed in the last quarter of the previous year. As of now, the currency pair trades slightly above the opening level. Growth of US GDP was at 2.2% in Q4 2014 according to the third and final estimate, unchanged from the preliminary estimate. The actual rate of growth was smaller […]
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March 262015
Interview with Stanislav Vaneev, CEO of Grand Capital
Following five months without interviews of the important people in the Forex industry, I finally present you with an interview with Stanislav Vaneev — the chief executive officer of Grand Capital Forex company. It is listed on EarnForex.com since 2011, but they did not start to expand much into the English-speaking markets before recent times. Here are some of the questions about the company and the online FX industry: How did Grand […]
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March 252015
EUR/USD Struggles to Maintain Gains
Today, EUR/USD attempted to resume its rally after halting it yesterday. The currency pair got support from the disappointing durable goods orders report yet it still has problems with maintaining the rally. US durable goods orders dropped 1.4% in February contrary to the analysts’ predictions that promised a small increase by 0.3%. The previously reported increase in January was revised negatively from 2.8% to 2.0%. (Event A on the chart.) […]
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March 252015
Neteller Acquires Skrill
On March 23, Optimal Payments Plc (the operator of Neteller) has published the official proposal of acquisition of Skrill Group from CVC Funds (operator of Skrill) and other owners for €1.1 billion (about $1.2 billion at the current rate). On March 24, the same proposal appeared on Skrill’s website. The acquisition is still a subject to regulatory approval from the British Financial Conduct Authority (FCA). The transition of Skrill USA Inc. (the US branch of Skrill) should […]
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March 242015
EUR/USD Ends Rally After Positive US Data
EUR/USD was rising higher at the first half of the current trading session, extending its gains. Yet the rally has come to an end after the data showed that the US inflation bounced in February after the previous month’s drop. The currency pair maintained losses after the positive housing report. CPI rose 0.2% in February, matching forecasts exactly, after the 0.7% drop in January. (Event A on the chart.) Richmond Fed manufacturing index dropped […]
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March 232015
EUR/USD Continues Move Higher
EUR/USD extended its rally during the current trading session as the relatively dovish policy statement released from by Federal Reserve last week continues to affect the Forex market. Hopes for the resolution of the Greek debt crisis also contributed to the rally of the currency pair. Existing home sales were at the seasonally adjusted annual rate of 4.88 million in February. It was a modest increase from the January’s rate of 4.82 million. The median forecast promised […]
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March 222015
What Can We Learn from USD/JPY Upward Channel?
The US dollar demonstrated an impressive rally against the Japanese yen since August of 2014. The rally has stalled in December and the price has entered a sort of consolidation in a deformed triangle pattern followed by an ascending channel. The latter is currently presenting a valid trading opportunity for those who wish to bet against USD/JPY further gains. The validity of the pattern is additionally confirmed by the signs of a forming double top. The chart below depicts the pattern in details. […]
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March 212015
Weekly Forex Technical Analysis (Mar 23 — Mar 27)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 0.9956 1.0217 1.0518 1.0780 1.1081 1.1342 1.1643 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0227 1.0538 1.0790 1.1100 1.1352 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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