Blog – Page 75 – The Plot

March 7
2015

Weekly Forex Technical Analysis (Mar 9 — Mar 13)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0306 1.0573 1.0708 1.0974 1.1109 1.1376 1.1511 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0540 1.0643 1.0941 1.1044 1.1343 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

March 7
2015

Forex Brokers Update — March 7th, 2015

Two brokers have received major updates this week while one company’s listing has only been slightly altered: EXNESS lowered the minimum position size for ECN accounts from 0.1 to 0.01 standard lot. Larson & Holz IT added Perfect Money and Yandex.Money in place of RBK Money deposit method. No longer supports phone trading, managed accounts, PAMM/LAMM, but added trading contests and personal […]

March 6
2015

EUR/USD at Lowest Level in Decade After NFP

EUR/USD dipped to the lowest level in more than a decade during Friday’s trading session after US nonfarm payrolls exceeded even optimistic forecasts. The data led to speculations that the Federal Reserve may start its monetary tightening cycle earlier. Such talks are very bullish for the US dollar. Nonfarm payrolls grew by 295k in February while experts predicted the same 239k growth as in January (revised down from 257k.) […]

March 5
2015

EUR/USD at New Lows After Draghi Speaks

EUR/USD dropped to a fresh low today after Mario Draghi, President of the European Central Bank, said that the ECB will start asset purchases on Monday and will continue to buy bonds till September 2016 or longer if necessary. (Event A on the chart.) The announcement made the currency pair weaker even though economic news from the United States was not supportive to the dollar. Initial jobless claims rose from 313k to 320k […]

March 4
2015

EUR/USD Crashes to 11-Year Low

EUR/USD sank today, reaching the lowest level in more than 11 years. The euro was under selling pressure after economic data from several European countries disappointed market participants. Meanwhile, US employment continued to grow at steady pace and the services sector expanded faster than was expected. ADP employment grew by 212k jobs in February from the previous month, missing the forecast of 219k slightly. The already impressive January […]

March 2
2015

EUR/USD Starts Week with Small Gain

EUR/USD rose a little during the first trading session of the current week as macroeconomic data from the United States was disappointing. The currency pair met resistance at the 1.1240 level and is moving down now. Personal income rose 0.3% in January, at the same rate as in December, missing the median forecast of 0.2%. Personal spending decreased by 0.2% — the better reading than in December (-0.3%) but still not as good as the forecast (no change.) (Event […]

March 2
2015

What Forex News Sources Do You Prefer?

Getting timely news about the currencies you are dealing with can be crucial in Forex trading. Even if you trade based on technical analysis, real world events may shake the most reliable strategies. For instance, investment banks spend tons of money to keep their trading floors with the freshest and most accurate news on any necessary topic. We, the retail traders, cannot probably match that level […]

February 28
2015

Weekly Forex Technical Analysis (Mar 2 — Mar 6)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0897 1.1036 1.1116 1.1256 1.1335 1.1475 1.1555 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1021 1.1086 1.1241 1.1305 1.1460 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

February 28
2015

Forex Brokers Update — February 28th, 2015

One new company has been added to the list during the last two weeks: Key To Markets — a New Zealand broker operating since 2013. It offers accounts starting with $100 and provides only commission based trading services. Many trading instruments are available. The choice of platforms is limited to MetaTrader 4 and MetaTrader 5. Key To Markets Other important updates during the period include: IronFX added OKPAY […]

February 26
2015

Traders Focus on Durable Goods Orders, EUR/USD Lower

EUR/USD dropped today, ending its sideways movement, as traders focused their attention on the positive report about US durable goods orders. This allowed the dollar to gain on the euro even though other indicators were not that good. The currency pair was trading in a range for the most part of the month, but it looks like a downside breakout has occurred. CPI declined 0.7% in January on a seasonally adjusted basis. The drop […]