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Fundamental indicators that were released today only follow the trend set up on the Forex market, where EUR/USD pair rose to its new weekly high as the traders favored high-yielding assets. Bad macroeconomic releases from U.S. didn’t help the dollar to grow against the euro. EUR/USD …
Ava FX announced a new feature that now became available to their real account customers — Ava Auto Trading. It allows traders to set their accounts under an auto trading management of a chosen strategy. It’s a completely free feature and you still can control your trades and funds. The …
Dollar continued to consolidate against the euro today despite the pro-recovery reports that were released today. It looks like the markets are still under a strong influence of the yesterday’s U.S. budget statement. EUR/USD is currently trading near 1.3967.
PPI rose by 1.8% in June, following 0.2% increase in May and the 0.8% gain forecast …
From my own experience, the majority of the Forex traders prefer technical analysis over fundamental. The reasons are quite obvious — only macroeconomical fundamental indicators affect currency prices and there are not many of those available. The stock market has many fundamental parameters for …
For this week I’ve found more than last two times on the chart pattern field. EUR/CAD, AUD/USD, EUR/USD and USD/CHF currency pairs show some good setups for those traders that know how to trade on the chart patterns (and there is nothing difficult in that at all). …
This Thursday I received an interesting message via the contact form on my site. It was from some newbie Forex trader from Canada that confused me with her Forex broker and asked for payment method and the contact info to withdraw money from here trading account, which …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3597 | 1.3762 | 1.3870 | 1.4035 | 1.4144 | 1.4309 | 1.4417 |
| GBP/USD | 1.5732 | 1.6016 | |||||
The U. S. dollar rose against the euro today as the currency market participants reacted to the improved trade balance deficit report, which showed another decline for the month of May. Also the whole recent trend for going into safer assets is still in its power, helping such currencies as the dollar and the yen to compete in Forex. …
Not the last role in the today’s recovery in EUR/USD has played the report on the initial jobless claims in U.S., which turned out to be better than the optimistic forecasts predicted. But it’s still unknown whether this correction can be a long-lasting one or not. EUR/USD is now trading near 1.3964.…
The euro declined against the U.S. dollar as the oil price was heading down and the U.S. consumer credit continue to fall. The perspectives for the high-yielding assets look not very promising as the commodity/oil prices decrease and the risk-aversion returns to the market. …
