Blog – Page 8 – The Plot

May 27
2018

Forex Brokers Update â May 27th, 2018

One new broker has been listed on EarnForex.com during the last week: ETO Markets — an ASIC-regulated Australian Forex company aimed on regional and Chinese traders. The broker features 1:400 leverage and MetaTrader 4 platform; the minimum account size is A$200. ETO Markets Some of the listed brokers have been updated: World Forex now offers trading in a range of cryptocurrency pairs: BTC/USD, DSH/USD, LTC/USD, ETH/USD, XRP/USD, and BCH/USD. Binary […]

May 26
2018

Weekly Forex Technical Analysis (May 28 — Jun 1)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1402 1.1524 1.1586 1.1708 1.1771 1.1893 1.1955 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1509 1.1557 1.1693 1.1741 1.1878 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

May 25
2018

EUR/USD Resumes Decline as Geopolitical Tensions Don’t Escalate

EUR/USD attempted to rally yesterday on the back of geopolitical tensions, but the rally did not last long, and now the currency pair moves down again. Analysts explained the decline, which pushed the EUR/USD pair to the lowest since November, by the fact the tensions did not escalate. Today’s macroeconomic data in the United States was disappointing, but even that was unable to support the currency pair. Durable goods orders dropped 1.7% in April. […]

May 24
2018

EUR/USD Rises As Geopolitical Tensions Resurface

EUR/USD rose today as the dollar was under pressure from resurfacing geopolitical tensions. US President Donald Trump was pushing for tariffs on imported cars. He also announced that the planned meeting with North Korean leader Kim Jong-un was cancelled. Meanwhile, US economic data released today was disappointing, adding to the pressure on the greenback. Initial jobless claims rose from 223k to 234k last week instead […]

May 23
2018

EUR/USD Remains Subdued After FOMC Minutes

EUR/USD was falling during the Wednesday’s trading session. While the currency pair attempted to rebound after policy minutes released by the Federal Open Market Committee, it did not go far. Market analysts considered the minutes actually supportive to the dollar, basically confirming a June interest rate hike. Flash Markit manufacturing PMI was at 56.6 in May, little changed from 56.5 in April and matching forecasts. Flash Markit services […]

May 20
2018

Forex Brokers Update â May 20th, 2018

Another week has passed without new brokers being added to our website. The list of updates to the existing companies is quite short: eToro added new cryptocurrency pairs for trading: BCH/USD, XLM/USD, NEO/USD, and EOS/USD. AMarkets has been marked as registered by the FSA of St. Vincent and the Grenadines. It is also a member of the self-regulating Financial Commission. The broker offers trading contests. ECN PRIME is now known as Hamford Capital. […]

May 19
2018

Weekly Forex Technical Analysis (May 21 — May 25)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1435 1.1593 1.1682 1.1839 1.1928 1.2085 1.2174 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1575 1.1647 1.1822 1.1894 1.2068 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

May 18
2018

New Position Size Calculator: SL and TP Which Follow Entry Line and Are Set in Pips

The newest version (2.14) the Position Size Calculator indicator, which is released today, introduces a new way to set stop-loss and take-profit for your potential trade setups. You can set the new input parameters UseFixedSLDistance and UseFixedTPDistance to true to turn this new mode on: The example of what happens when both SL and TP are set to fixed distance is shown below: The new version also fixes a minor bug […]

May 17
2018

US Treasury Yields Continue to Push EUR/USD Lower

EUR/USD fell today, extending its decline for the fourth consecutive trading session, as persistently firm US Treasury yields continued to bolster the US dollar. Macroeconomic data released in the United States over the current session was good for the most part, with the exception of unemployment claims that rose more than was expected. Initial jobless claims climbed from 211k to 222k last week, exceeding market expectations of 216k. (Event […]

May 16
2018

EUR/USD Sinks as US 10-Year Treasury Yield Soars

The US dollar was extremely strong, prompting EUR/USD to tank, as the benchmark 10-year Treasury yield climbed above 3%. Adding to the strength of the currency were economic releases in the United States. Most of the were good with the exception of retail sales that missed expectations, though just a little bit. Retail sales rose 0.3% in April, missing the analysts’ average estimate of a 0.4% increase slightly. The March increase received a positive revision from […]