October 2016 Blog Posts (21)

EUR/USD: general analysis









Current trend





On Friday the Euro strengthened substantially against the American currency despite strong data on the US economic growth in the third quarter. The US Dollar came under pressure when it became known that the FBI decided to renew its probe of the US Democratic presidential candidate Hillary Clinton's use of a personal email server.





Today data on the eurozone GDP and consumer prices came out in line with… Continue

Added by AlexanderLF on October 31, 2016 at 6:33pm — No Comments

Why Use Automated Trading

When it comes to Forex trading, new strategies and systems are always popping up. A popular system

that was introduced by Forex brokers is ‘automated trading.’ Automated trading, is often referred to as

system trading which requires traders to develop specific rules for trade entries and exits and then set

the computer to perform these functions.

When it comes to…

Continue

Added by Sam Wexler on October 31, 2016 at 1:54am — No Comments

EUR/USD: general analysis





Current trend



Euro continues to strengthen slightly against the US dollar. To date, the pair is trading near the resistance level 1.0930, if the level is broken, the next target will be 1.0945. Today, a rise in volatility may occur with the opening of the US market, when unemployment claims and orders for durable goods will be published. According to preliminary estimates, the first indicator will drop to 255 thousand, while the second one will increase by… Continue

Added by AlexanderLF on October 27, 2016 at 5:01pm — No Comments

GBP/USD: general analysis





Current trend





Ahead of the BoE Governor Mark Carney’s appearance, the pair came under pressure when Philip Hammond, UK Chancellor of the Exchequer, suggested extension of the BoE’s QE program. The pair, however, then recovered almost all it losses amid the speech of the head of the British regulator. Mark Carney expressed concerns over the depreciation of the national currency. A “fairly substantial” fall in the Pound will be taken into account when deciding… Continue

Added by AlexanderLF on October 26, 2016 at 5:28pm — No Comments

EUR/USD^ general analysis





Current trend





A double bottom pattern with the support level at 1.0859 has been formed on the hourly chart. The Euro came under pressure when the ECB decided to hold its key interest rates and quantitative easing programme steady. ECB President Mario Draghi said that there had been no discussion regarding the wind-down of the programme in the nearest future.



Today attention needs to be paid to data on the Markit US Manufacturing PMI for… Continue

Added by AlexanderLF on October 24, 2016 at 6:30pm — No Comments

How to take advantage from the correlation between different pair currency rates

There are many traders in the financial industry making a huge amount of money just by trading the financial instrument. Trading the forex market successfully is not an easy task. Those who are trading the live currency rates of the different financial instrument have a very solid understanding of the forex industry. In order to master the art of forex trading, you must have a clear understanding of the financial instrument. In the forex, market currency is traded in pairs which means you…

Continue

Added by Anna Agreeable on October 24, 2016 at 1:05pm — No Comments

USD/CAD: general analysis





Current trend





On Wednesday dynamics in the USD/CAD pair was substantially influenced by the Bank of Canada monetary policy meeting results. The US Dollar fell against the Canadian Dollar after the regulator announced its decision to keep the interest rate unchanged. A fall in the pair continued despite data from the US Energy Information Administration, which showed a drop of 5 million barrels in US crude stockpiles. The price then reversed when Stephen… Continue

Added by AlexanderLF on October 20, 2016 at 2:46pm — No Comments

Trading With Moving Averages Crosses

Summary: Moving averages are very useful tools for trading financial markets. The way to trade with these indicators is to plot different averages on a chart and then to look for crosses that they make. Such crosses can be bullish or bearish and they are great signals to trade a market.

A moving average is a trend indicator and therefore it is being applied to the actual chart and not below the candles as there is where the oscillators appear.

As a rule of thumb, the…

Continue

Added by Anna Agreeable on October 14, 2016 at 6:00pm — No Comments

EUR/USD: review and forecast





Current trend





The Euro against the US Dollar continues trading in the region of 1.1000. Having fallen to the level of 1.0985, the pair corrected up but then resumed its fall and is now aiming to consolidate below the level of 1.0950.



Today the market can be influenced by the publication of data on US retail sales in September. Favorable macroeconomic forecasts suggest strengthening in the US Dollar that will pressure the EUR/USD… Continue

Added by AlexanderLF on October 14, 2016 at 3:33pm — No Comments

USD/CAD: general review





Current trend





The pair continues growing amid falling oil prices. Despite recent statements from a number of the largest exporting countries about upcoming reduction in the production levels, this week the price of Brent crude oil resumed its fall, representing doubts of market participants of the possibility of the production cut from the biggest exporters. In addition, yesterday’s report from the American Petroleum Institute showed a substantial growth in… Continue

Added by AlexanderLF on October 13, 2016 at 3:54pm — No Comments

test its longer MA.

USD/JPY: technical analysis



USD/JPY, D1



On the daily chart, the pair is trading in the upper Bollinger band. The price remains below the EMA130 and SMA200 that turned horizontal. The RSI is trying to turn up to retest its most recent resistance. The Composite is about to





USD/JPY, H4





On the 4-hour chart, the pair is trading just above the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up.… Continue

Added by AlexanderLF on October 12, 2016 at 3:49pm — No Comments

APPLE CASHES IN ON SAMSUNG´S EXPLODING PHONE SCANDAL

Market Analysis for Oct. 11, 2016

To read the full article ENTER HERE!

Added by Maria Galindo on October 12, 2016 at 12:15am — No Comments

EUR/USD: review and forecast





Current trend





The EUR/USD pair continues falling despite the lack of major macroeconomic data releases. The US Dollar has been strengthening against its counterparts amid expectations that the Federal Reserve will raise interest rates. Market participants are now waiting for the publication of minutes of the Fed September meeting that is due tomorrow at 8:00 pm (GMT+2).





Today strong statistics from Germany has not managed to support the… Continue

Added by AlexanderLF on October 11, 2016 at 5:38pm — No Comments

NZD/USD: review and forecast





Current trend





Last week the pair significantly fell having lost more than 100 points. The NZD was pressured by a 3% drop in prices for milk while the USD was strengthening amid a decline in the number of Initial Jobless Claims in the US.



This week attention needs to be paid to the FOMC Minutes that could provide some clarity about further plans of the regulator on monetary policy in the US. On Friday, data on Retail Sales is due in the US. The… Continue

Added by AlexanderLF on October 10, 2016 at 4:47pm — No Comments

EUR/USD: general review





Current trend





The pair continues falling after the ECB statement that the regulator is not planning to terminate its quantitative easing program in the nearest future. In addition, the Euro remains under pressure prior to the publication of the ECB Monetary Policy Meeting Accounts.





At the same time, the American currency was supported by strong macroeconomic statistics that came out in the US. The Manufacturing and Services PMI’s, as well as… Continue

Added by AlexanderLF on October 6, 2016 at 4:15pm — No Comments

GBP/USD: general review





Current trend





The pair continues falling amid weakening in the Pound after the statement from UK’s Prime Minister Theresa May that the process of county’s departure from the EU will be started in March 2017. In addition, the pair is pressured by growing expectations of an interest rate hike by the American regulator before the end of the year.



This week, extra attention needs to be paid to data on the US labour market. The forecasted growth in the… Continue

Added by AlexanderLF on October 5, 2016 at 4:59pm — No Comments

NFP: What To Expect?

Ready to trade news? Learn 3 Strategies for Trading News and take advantage of the market movement.…

Continue

Added by Maria Galindo on October 4, 2016 at 8:00pm — No Comments

Monthly Archives

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

1988

1978

1975

Featured Brokers

© 2018   Created by Sam Wexler.   Powered by

Badges  |  Report an Issue  |  Terms of Service