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EUR/USD advanced today, ending the three-day decline, after Spain’s debt auction exceeded its maximum target. The US data today can be considered good for the most part, most notably unemployment claims that continue to fall.
PPI increased 0.3% in November, exactly as forecasts promised. The index declined with …
EUR/USD slipped today as costs of Italy’s and Spain’s debt increased. The currency pair followed yesterday’s patter: it was moving sideways in the first half of session, but broken down in the second half. The US import and export prices report left mixed feelings. It was noticeably better than the data in the previous …
EUR/USD was trading flat at the beginning of today’s trading session, but in the second half of the session rapidly declined and remained weak as of now. The currency pair slid yesterday as Moody’s Investor Service warned about possible downgrade of the European countries’ credit ratings. The US retail sales report was worse than …
I am currently reading the Diary of a Professional Commodity Trader by Peter Brandt and among other good things found a mention of a hikkake pattern there. Hikkake is often called a Japanese candlestick pattern, but in reality it can be used with the common bar chart too …
EUR/USD has formed a rather nice sloping channel pattern on the H4 chart. It consists of only 6 trading days but the price has already touched the channel lines 6 times. During the next few days a breakout is possible.
This descending channel is 175 pips high. I would …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3073 | 1.3176 | 1.3280 | 1.3383 | 1.3487 | 1.3590 | 1.3694 |
| GBP/USD | 1.5354 | 1.5457 | 1.5562 | 1.5665 | 1.5770 | 1.5873 | 1.5978 |
| USD/JPY | 76.12 | 76.62 | 77.10 | 77.60 | 78.08 | 78.58 | |
EUR/USD trades flat currently, though it had violent swings during the trading session. The European leaders are meeting in Brussels now and the Forex market holds breath, awaiting the outcome of the summit. There are rumors that the politicians have some disagreement. The data today showed that the US consumer sentiment …
EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB decreased its main interest rate by 25 percentage points to 1.00% (Event A on the chart) and that send the euro higher at first. The European currency …
EUR/USD fluctuated today as traders were unsure about the future of the euro that may be decided on the European Union summit this Friday. The hopes for the positive outcome of the summit were trimmed by the warning that Standard & Poor’s may reduce the credit ratings of 15 EU members.
More than a year has passed since my last interview with a Forex broker representative. Today, your attention is distracted by the interview with a Cypriot Forex broker, Trading Point. Costantinos Cleanthous, Chief Executive Officer, has answered some questions concerning the company, the regulatory environment created by …