Blog – Page 76 – The Plot

February 25
2015

EUR/USD Little Changed Again

EUR/USD barely moved from its opening level during the current trading session. While the euro attempted to rally during early Wednesday’s trading, it retreated to the opening quickly. New home sales were at the seasonally adjusted annual rate of 481k in January, little changed from the revised December’s value of 482k. The actual reading was better than 471k predicted by analysts. (Event A on the chart.) Crude oil inventories increased by 8.4 […]

February 24
2015

EUR/USD Flat After Yellen’s Testimony

EUR/USD was flat today with a slight downside bias. The dollar was not particularly strong as the testimony of Janet Yellen, Federal Reserve Chairperson, was more dovish than the market has counted on. Weak US macroeconomic indicators were not helping the greenback either. At the same time, today’s data showed that the eurozone remained in deflation, and this did not allow the euro to gain on the dollar. S&P/Case-Shiller home price […]

February 23
2015

EUR/USD Drops After German Data, Trims Losses After US Report

EUR/USD tumbled today after the German business climate report came out worse than market participants have anticipated. (Event A on the chart.) The currency pair touched the low of 1.1295 intraday but bounced to 1.1350 later as US housing data was not impressive as well. Existing home sales fell to the seasonally adjusted annual rate of 4.82 million in January (lowest since April) from the upwardly-revised 5.07 million in December, trailing […]

February 20
2015

Position Size Calculator Is Now a Separate Window Indicator

Another major revision of the Position Size Calculator indicator for MetaTrader has been released today. The main feature of the current version is that the main display of the indicator is now moved to a separate chart window, while the lines (entry, SL, and TP) are still located in the main chart window. Other important changes include: Position size is now adjusted properly based on the minimum and maximum position size and position size […]

February 18
2015

EUR/USD Bounces After FOMC Minutes

EUR/USD was falling today for the most part of the trading session as Greece asked its European creditors to extend the term of loan without the austerity measures attached to the bailout plan. Yet the currency pair rebounded after the FOMC released its policy minutes that turned out to be much more dovish than traders were counting on. Now, EUR/USD trades sideways. PPI dropped 0.8% in January. The drop was two […]

February 16
2015

Negative Balance in Forex Trading

As you probably know already, there are now thousands of live Forex trading accounts with negative balance, which occurred thanks to the surprise EUR/CHF floor removal by the Swiss National Bank on January 15. Some of them have been covered at the expense of the brokers, some were left by the traders with the intent to never touch them again, some are being replenished voluntarily, while others are getting helped by the broker’s […]

February 14
2015

Weekly Forex Technical Analysis (Feb 16 — Feb 20)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1121 1.1196 1.1294 1.1368 1.1466 1.1540 1.1638 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1202 1.1306 1.1374 1.1478 1.1546 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

February 14
2015

Forex Brokers Update — February 14th, 2015

One new broker has been added during the last seven days: Tradingbanks — a brand new BVI broker with MT4 platform, $20 minimum and 1:400 leverage. Many non-Forex trading instruments are also available. Tradingbanks Some minor changes to other brokers included: eToro now offers spread betting. HiWayFX is now regulated in Cyprus and has an office there. Added new payment options: OKPAY, QIWI, […]

February 13
2015

Margin Warnings When Calculating Position Size in MetaTrader

The Position Size Calculator indicator for MetaTrader has received a major update in its newest version. It can now warn traders if the planned trade will trigger a stop-out event or if there is not enough money to execute such a trade. The full list of changes includes and is applicable to MT4 and MT5: Margin display: planned position margin requirement (takes possible hedging into account), future used margin, […]

February 13
2015

EUR/USD Remains Flat

EUR/USD traded sideways following yesterday’s gains. It is a bit surprising that the currency pair did not continue to rally considering that economic news from the United States was not good while reports from the eurozone were mostly positive, especially the faster-than-expectedeconomic growth in Germany. (Event A on the chart.) US import and export prices dropped in January. Import prices were down as much as 2.8% (but still not […]