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Forex Blog

Forex Brokers Unprofitability (ESMA Rules) — November 2018

Sat, 17 Nov 2018 18:17

Quite a lot of time has passed since our last review of Forex brokers customers' profitability report — it had been published with the poll about the possibility of the ESMA CFD/Forex rules renewal. Since then, the rules have been renewed to last at least through February 1, 2019....

Weekly Forex Technical Analysis (Nov 19 — Nov 23)

Sat, 17 Nov 2018 9:49

EUR/USD

Floor pivot points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1075	1.1145	1.1280	1.1350	1.1484	1.1554	1.1689

Woodie's pivot points

2nd Sup	1st Sup	Pivot	1st Res	2nd Res
1.1161	1.1312	1.1366	1.1516

...

EUR/USD Jumps on Dovish Fed

Fri, 16 Nov 2018 21:47

EUR/USD jumped today. Market analysts speculated that the possible reason for that was the dovish tone of several Federal Reserve officials. While Fed Chairman Jerome Powell was optimistic about US economic growth, he cautioned against headwinds to growth and fading fiscal stimulus. Fed Vice Chairman Richard...

Forex News

Canadian Dollar Rises on Oil Prices, Manufacturing Data

Fri, 16 Nov 2018 17:36

The Canadian dollar is posting modest gains at the end of the trading week, buoyed by higher energy prices and positive manufacturing data. Amid cratering crude prices, the loonie has struggled to find direction, mainly because traders are waiting to see what the Organization for Petroleum Exporting Countries (OPEC) will do relating to output.

NZ Dollar Declines Despite Rising Manufacturing Index

Fri, 16 Nov 2018 12:30

The New Zealand dollar declined against its most-traded rivals today even after data released overnight showed that the manufacturing sector expanded with accelerating pace.

Euro Rallies on Draghi Speech, Later Declines on Eurozone CPI Data

Fri, 16 Nov 2018 12:03

The euro inched higher against the US dollar in the Asian session and jumped higher in the early European session after Mario Draghi's mostly hawkish speech in Frankfurt. The euro then headed lower against the greenback following the release of the latest eurozone CPI data, which was in-line with expectations.

Commodity Blog

BitMEX CEO Correctly Predicts $5,000 in Bitcoin Price: Is His $2,000 Forecast Next?

Sat, 17 Nov 2018 11:50

The price of Bitcoin (BTC) has set a new low for 2018 and is now creeping closer to BitMEX CEO...

Natural Gas Rebounds After Posting Biggest One-Day Drop Since 2003

Fri, 16 Nov 2018 17:06

Natural gas futures are rebounding at the end of the trading week after suffering the largest one-day percentage decline in 15 years. Natural gas prices are...

Why Bitcoin Price Dropped: 5 Potential Reasons to Consider

Thu, 15 Nov 2018 18:02

The price of Bitcoin (BTC) significantly expanded its losses on Wednesday, dropping below $5,400 and reaching its lowest since late...

Forex Video Zone

Simple Support and Resistance Trading Strategy

Fri, 16 Nov 2018 16:53

In this video, we are going to talk about support and resistance, and the most basic but extremely effective, previous highs and lows. As you can see from this example, this is an uptrend. This is the high as indicated by the arrow. After that, there is a pullback, and the market breaks this high. This previous high now becomes support. So, you can enter long here, and hold as long...

Bitcoin Forecast — November 16th 2018

Fri, 16 Nov 2018 14:30

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the November 16th session. Bitcoin/USD — After a period of brief consolidation, bitcoin market is now seeing a strong bearish action. The market has broken below the 6,000 level. So, this level could be resistance now. Any rallies close to this level that show signs of exhaustion are to be sold. As the market fell down, it...

Recap of Asian Trade — November 16th 2018: USD/JPY and AUD/USD

Fri, 16 Nov 2018 14:18

As the trading week ends, the forex market is now influenced by sentiment driven by politics. The trade tensions between US and China has caused the demand for the greenback to fall. This in turn has also affected the US dollar index negatively. The US dollar index is trading at 97.00. The Philadelphia Fed released a Manufacturing PMI report, which also caused the greenback to fall. So, the current situation is bearish...