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EUR/USD extended its decline for the second day today, but later reversed the trend and currently the currency pair rises. The unexpectedly big decline of the US new home sales possibly contributed to the weakening of the dollar. EUR/USD trades at 1.4137 now.
New home sales in the US decreased to 250k (seasonally adjusted) in February the revised …
EUR/USD jumped today to the highest level since November 4, but later declined. Currently the currency pair regained some of its strength after the report about slower growth of manufacturing in the US. EUR/USD trades at 1.4186 after jumping to the intraday high of 1.4248.
Richmond Fed manufacturing index fell from 20 …
MetaQuotes added some really nice features to its Strategy Tester tool in the latest build of the MetaTrader 5 platform (build 420). Apart from the usual bug-fixing and some minor changes to the MQL5 coding language, the latest update also presents two completely new but long-awaited features:
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Despite the fact that the US dollar is the most popularly traded currency in the modern FX market, the worldwide leader for the currency trading is not the US but UK with its capital city of London. The presented infographics displays the geographical distribution of global Forex trading turnover. The data is from April, …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3635 | 1.3745 | 1.3963 | 1.4073 | 1.4291 | 1.4401 | 1.4619 |
| GBP/USD | 1.5782 | 1.5880 | 1.6056 | 1.6154 | 1.6330 | 1.6428 | 1.6604 |
| USD/JPY | 71.26 | 73.87 | 77.22 | 79.83 | 83.18 | 85.79 | |
EUR/USD were rising at the first half of today’s trading session and started to decline later, but for now it trades above the opening level. The reports today were generally positive, with the notable exception of the industrial production and capacity utilization that declined in February. EUR/USD trades at 1.3991 now.
EUR/USD dropped today after Moody’s Investors Service cut Portugal’s credit rating from A1 today to A3 today. Today’s report about the housing starts and building permits confirmed a depressed state of the US housing sector. EUR/USD currently trades near 1.3946.
US housing starts and building permits in February …
EUR/USD gained yesterday as the European Union Summit gave hope that the debt problems of the European countries may be resolved, but the currency pair slumped heavily on today’s trading session. Currently the euro regained much of its strength. The currency pair may advance further as the Federal Open Market Committee maintained …
According to one of the polls, about 69% of traders employ fundamental analysis in Forex trading (at least minimally). I’ve already asked the readers of this blog what standard technical indicators they use, and now it’s time to ask the same about the fundamental indicators. Personally I believe that the fundamental factors play …
According to the latest reports, the Forex industry is growing rapidly. For a better picture of the current state of the foreign exchange market I’ve decided to create a set of infographics. The first one shows the global FX turnover along with the biggest participants — the financial institutions that provide liquidity to the retail Forex brokers. The data …
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