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Forex Blog

Weekly Forex Technical Analysis (Feb 25 — Mar 1, 2019)

Sat, 23 Feb 2019 9:48

EUR/USD

Floor pivot points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1184	1.1230	1.1280	1.1325	1.1376	1.1421	1.1471

Woodie's pivot points

2nd Sup	1st Sup	Pivot	1st Res	2nd Res
1.1231	1.1282	1.1327	1.1378

...

EUR/USD Volatile After Torrent of Economic Releases

Thu, 21 Feb 2019 18:12

EUR/USD demonstrated significant volatility today after a big number of economic reports were released both in the United States and the eurozone. The dollar and the euro were mixed as traders were trying to digest the data. Currently, the EUR/USD pair trades slightly below the opening level after attempting to rally earlier. US...

Forex Brokers Update — February 17th, 2019

Sun, 17 Feb 2019 20:28

One new broker has been added to the list of companies on EarnForex.com during the last week: CapitalXP — an unregulated broker based in an offshore jurisdiction, it offers MT4 trading with $250 minimum account size and 1:100 maximum leverage. Updates to the existing brokers included:

VARIANSE is now operated by VDX

...

Forex News

Aussie Ends Week Among Weakest Currencies Despite Risk Appetite

Sat, 23 Feb 2019 14:15

The Australian dollar ended the week as one of the weakest currencies on the Forex market despite mild risk appetite, caused by hopes for a positive outcome in the Sino-US trade negotiations that were extended through the weekend.

Canadian Dollar Surges Despite Disappointing Retail Sales

Fri, 22 Feb 2019 17:11

The Canadian dollar is strengthening against a basket of currencies at the end of the trading week, despite disappointing retail sales data. The loonie’s performance also comes as the central bank warned that the path of interest rates remains “uncertain,” leaving markets guessing when the next rate hike will take place in 2019 – if at all.

EUR/USD Pair Extends Range-Bound Action for Third Straight Session

Fri, 22 Feb 2019 17:03

The EUR/USD currency pair today extended its range-bound trading pattern for the third consecutive session as the pair reacted to mixed German data and news headlines. The currency pair's performance was influenced by headlines regarding the US-China trade negotiations and Brexit developments, but investors remained undecided.

Commodity Blog

Natural Gas Fails to Carry Momentum From EIA Report

Fri, 22 Feb 2019 16:33

Natural gas futures are trading sideways at the end of the holiday-shortened trading week, unable to carry the momentum from the US government’s Thursday inventory report....

US Crude Falls As Domestic Inventories Rise Again

Thu, 21 Feb 2019 17:09

Crude oil futures tumbled on Thursday after the US government reported the fifth consecutive weekly increase in domestic inventories. Despite the decline towards the end of the ...

Copper Posts Sixth Straight Gain on US-China Trade Optimism

Wed, 20 Feb 2019 17:43

Copper futures will record their sixth consecutive gain midweek as investors remain optimistic that the US and China are on the cusp of striking a new trade...

Forex Video Zone

USD/JPY and AUD/USD Forecast — February 22nd 2019

Fri, 22 Feb 2019 17:21

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the February 22nd session. USD/JPY — The pair is struggling to find a direction at the moment. The market finds the 200-day EMA as resistance, which comes at the 111.00 level. A break below the 110.00 level is seen as a bearish signal and the market could reach towards the 108.00 level. The bearishness could be due to the US-China trade negotiations, which does not...

EUR/USD and GBP/USD Forecast — February 22nd 2019

Fri, 22 Feb 2019 17:19

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 22nd session. EUR/USD — The Thursday session saw the market to pull back a bit. The 1.13 level looks like the bottom of this consolidation zone and provices support to push this pair higher. To the upside, the 1.15 level is the target. GBP/USD — Though the pound is bullish, it looks overbought at the moment. So, it could look for support....

Bitcoin Forecast — February 22nd 2019

Fri, 22 Feb 2019 16:59

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 22nd session. Bitcoin/USD — Once again the market rallied on Thursday session. The 4,000 level looks like strong resistance. The market has formed three shooting star candlesticks here. So, it is seen as a sign of weakness. It looks like the market is attempting to form a basing pattern. So, you can buy...