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GBP/JPY weekly chart shows a definite descending triangle pattern that was forming since early April and is now approaching its apex. Three price spikes in both directions confirm the borders of the chart pattern. The bearish continuation is more probable but it’s better to wait for the breakout to happen before …
Quite an old music video about overtrading but I’ve seen it for the first time today:
via ForexCrunch.…
EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: hold.
GBP/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3419 | 1.3642 | 1.3836 | 1.4059 | 1.4253 | 1.4476 | 1.4670 |
EUR/USD dropped today, erasing yesterday’s gains, as reports from the US were better than expected, while European economic data caused concerns. That reminded us that, while the US economy and the dollar still remain weak, Europe hasn’t resolved its problems and the euro may experience sharp corrections. …
The dollar continues to decline today after yesterday’s announcement of quantitative easing. Increasing unemployment claims also dragged the US currency down. EUR/USD traded now at 1.4257.
Initial jobless claims was at 457k, an increase from the previous revised figure of 437k. Analysts expected the figure to remain unchanged.
US nonfarm business …
Economic reports from the US were rather beneficial for the dollar today, but their influence was outweighed by the announcement of the quantitative easing by the Federal Reserve. EUR/USD surged and is likely to rise further. EUR/USD trades now at 1.4132.
ADP employment rate increased by 43k from September to October on a seasonally adjusted …
There are many reports of scam brokers in the Forex industry. “Bucket-shop” companies attract customers’ funds and then simply run with them or they create unjust trading conditions, under which every trader loses money constantly. Those can be classified as true scams and are plain illegal. They …
EUR/USD dropped today as reports showed that construction spending and manufacturing in the US unexpectedly increased. Reports about personal income and spending were worse than expected, on the other hand. There are no releases tomorrow, yet the senate elections, which will occur tomorrow, may have far reaching consequences …