Serving Traders Since 2005
EUR/USD was swinging back and forth today as Federal Reserve Chairman Ben Bernanke sent mixed signals about the future monetary policy. At first, he warned about the danger of a premature ending to quantitative easing. Such comments made traders believe that the Fed will keep QE intact. Yet …
It would be nice if the retail Forex brokers could clear all our trades (including micro-lots and others) with other market participants. Unfortunately, everything is not that simple in the world of foreign exchange execution when it comes to the trading orders of common people.
Of course, interbank market …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2507 | 1.2652 | 1.2739 | 1.2884 | 1.2971 | 1.3115 | 1.3203 |
| GBP/USD | 1.4859 | 1.5008 | 1.5086 | 1.5235 | 1.5313 | 1.5462 | 1.5540 |
| USD/JPY | 99.87 | 100.56 | 101.92 | 102.61 | 103.96 | 104.65 | |
EUR/USD slumped today after erasing its rally and closing flat yesterday. There was no particular big event to cause the slump, but there are enough reasons for the currency pair to go down. Rumors that the European Central Bank may introduce negative deposit rates and this week’s …
EUR/USD rallied today, erasing its earlier decline, even as eurozone annual inflation was down from 1.7% in March to 1.2% in April. (Event A on the chart.) Absence of inflation pressure should allow the European Central Bank to ease its monetary policy further if it deems such …
EUR/USD declined today, extending yesterday’s drop, after the release of data about economic growth in the eurozone countries. France and Italy remained in recession, while the German economy barely managed to demonstrate growth. Eurozone gross domestic product shrank 0.2% in the first quarter of 2013 — less than in the previous three months, but …
Following our detailed infographic explaining the basics of VPS application in Forex trading, the IT specialists from Swiss Artmotion offer their own interpretation of the trading infrastructure problem. The infographic explains how the trader’s choice of server hardware (and software too) impacts the profits earned and lost. The main idea is that a meticulous …
EUR/USD gained today on signs that European leaders are going to find new ways to boost economic growth of the eurozone. Previously, the euro was falling against the dollar as the positive data from the United States bolstered the greenback.
Retail sales rose 0.1% in April. The increase was small, but still it …
EUR/CAD chart patterns demonstrate a particularly discouraging streak of losses in my trading record: from last year’s descending triangle, to H4 descending channel of September 2012, to a daily bullish flag last month. The most recent development in this currency pair’s price curve, like 8 months ago, …
Just some minor FX broker listing updates this week:
TFIFX no longer supports PayPal payment method.
FxNet adds Italian, Greek, Japanese and Korean translations of the website.
LQD Markets revises its account type system. Mini accounts now start from $1,000 and no longer offer …
