Blog – Page 82 – The Plot

December 23
2014

EUR/USD Continues Rally to New Lows

EUR/USD extended its downward rally today, reaching yet another multi-year low. Positive indicators, including strong economic growth, added to speculations about early monetary tightening from the Federal Reserve. Not every report was good though, and the housing market in particular demonstrated disappointing results. US GDP grew 5.0% in Q3 2014 according to the third (final) estimate. The actual growth was above the analysts’ predictions of 4.3%, […]

December 22
2014

When More Risk Is Too Much in Forex?

According to one of my old polls, the majority of active FX traders prefers to risk no more than 5% of their balance on one trade. I personally, prefer my risk per trade to be near 1%-2%. But how should we, as traders, act when a new opportunity arises and we already have an open position with our risk limit hit? Should we use the opportunity and double our potential risk? How […]

December 20
2014

Weekly Forex Technical Analysis (Dec 22 — Dec 26)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1755 1.1988 1.2105 1.2337 1.2455 1.2687 1.2804 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1959 1.2048 1.2309 1.2397 1.2658 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

December 20
2014

Forex Brokers Update — December 20th, 2014

While there was no new additions to the list of brokers on EarnForex.com this week, quite a few of the companies’ listings have been updated: FXtradeweb removed its office from Finland and no longer accepts US clients. FinFX added German and Swedish versions of its website. Univell Broker has no office in BVI now. Bloombex Options added new languages to their website: Dutch, Italian, Japanese, Spanish. Opened […]

December 19
2014

EUR/USD Extends Losses

EUR/USD continued to decline following the Wednesday’s monetary policy statement from the Federal Reserve. Falling US unemployment claims supported the dollar while the sharp drop of manufacturing index did not affect the currency much. Initial jobless claims fell from 295k to 289k last week instead of rising to 297k last week. (Event A on the chart.) Philadelphia Fed manufacturing index sank from 40.8 in November to 24.5 in December, even lower […]

December 17
2014

EUR/USD Jumps After FOMC, Resumes Decline Later

EUR/USD was falling during the current trading session but jumped after the monetary policy statement of the Federal Open Market Committee turned out to be less hawkish than dollar bulls have hoped for. The rally was short-lived, though, and the currency pair resumed its decline quickly. The dollar was firm even as the recent macroeconomic data from the United States was rather poor. CPI fell 0.3% in November […]

December 16
2014

12 Reasons for the Russian Ruble Collapse

The Russian ruble has made it to the new all-time low against the US dollar and the euro today and demonstrated the biggest one-day fall in its history. USD/RUB has reached as high as 77.87 (at Bid price) after closing at 65.34 yesterday and trading as low as 32.63 in January this year. EUR/RUB has rallied above 100 (at Ask price) before retracing back to 84.96. There is a multitude of factors that influenced the Russian currency […]

December 15
2014

Dollar Gains as Industrial Production Expands

The dollar gained on the euro today as US industrial production expanded, beating specialists’ estimates. The greenback rallied even though other reports were not particularly good. This week, the Federal Reserve will hold the last policy meeting for this year, which should be rather important for the US currency and the Forex market as a whole. NY Empire State Index demonstrated a sharp drop from 10.2 in November to -3.6 in December, frustrating […]

December 14
2014

Forex Brokers Update — December 14th, 2014

We have added one new broker to the list this week: MXTrade — a CySEC regulated broker with $1,000 minimum account size and MetaTrader 4 platform (including web, Android and iOS versions). Currency trading leverage is maxed at 1:400. MXTrade Other changes to the Forex brokers include: FBS added CFD and futures trading on its Standard accounts; gold and silver trading on its Cent accounts. RFXT now has […]

December 13
2014

Weekly Forex Technical Analysis (Dec 15 — Dec 19)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2057 1.2152 1.2305 1.2400 1.2552 1.2647 1.2800 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2166 1.2333 1.2414 1.2581 1.2662 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]