Archive for the ‘ Forex Training ’ Category
IncoNeon is the latest Forex company that was added to EarnForex.com broker listing. It doesn’t yet have any reputation but it’s marketed quite aggressively. There is no regulatory information available about them, but it looks to be a Russian company. They offer $10 minimum account size (it’s a promotional minimum, the usual is $100) with the credit leverage up to 1:200. IncoNeon offers [ READ MORE ]
Carry trade is a popular trading strategy that is based on buying a high-yielding asset with the low-yielding asset, so that the cost of loan is less than the yield of the asset you’ve bought. In Forex, carry trade is based on buying a currency pair with a high positive interest rate difference (swap) or selling a currency pair with a high negative interest rate difference. The good current examples of the long carry [ READ MORE ]
Since most emerging market economies and financial markets are fairly small, their currencies are subject to the whims of international investors, moreso than is the case with major currencies. For that reason, when I research emerging market currencies as a whole, I often like to focus on what investors are saying are saying about their [ READ MORE ]
The long-term support line formed at a weekly timeframe chart of the EUR/CHF currency pair now holds even more strength as the price has shown a very interesting trend consolidation pattern during several last weeks. As you can see on the chart the currency pair remain in a fading bearish downtrend with each new candle smaller than previous. A weekly close below the support line may signal a strong downtrend tendency, while [ READ MORE ]
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3192 1.3313 1.3494 1.3614 1.3796 1.3916 1.4098 GBP/USD 1.4440 1.4611 1.4860 1.5031 1.5280 1.5452 1.5701 USD/JPY 86.45 87.29 87.80 88.64 89.15 89.99 90.50 EUR/JPY 117.44 118.56 119.67 120.78 121.89 123.00 124.11 GBP/JPY 128.32 130.16 131.80 133.64 135.28 137.12 138.75 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3328 1.3524 1.3630 1.3826 1.3931 GBP/USD 1.4630 1.4899 1.5051 1.5320 1.5471 USD/JPY 87.21 87.64 88.56 88.99 89.91 EUR/JPY 118.56 119.67 120.78 121.89 123.00 GBP/JPY 130.11 131.70 133.59 135.18 137.07 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3509 1.3592 1.3620 1.3647 1.3703 1.3730 1.3758 1.3841 GBP/USD 1.4878 1.4994 1.5032 1.5071 1.5148 1.5186 1.5225 1.5341 USD/JPY 87.57 87.94 88.07 88.19 88.44 88.56 88.69 89.06 EUR/JPY 119.55 120.17 120.37 120.57 120.98 121.18 121.39 122.00 GBP/JPY 131.53 132.48 132.80 133.12 133.76 134.08 134.39 135.35 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY 100.0% 1.3735 1.5202 89.47 121.89 135.48 61.8% 1.3620 1.5042 88.96 121.04 134.15 50.0% 1.3584 1.4992 88.80 120.78 133.74 38.2% 1.3549 1.4943 88.64 120.51 133.33 23.6% 1.3504 1.4881 88.44 120.19 132.82 0.0% 1.3433 1.4782 88.12 119.67 132.00 (…)Read the rest of Forex Technical Analysis for 03/08—03/12 Week (14 words) MetaTrader 4 platform with ECN execution – FXOpen. Posted [ READ MORE ]
The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]
The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery. EUR/USD is falling and currently trades at 1.3565. Pending Home Sales, a forward-looking indicator based on contracts signed in January, fell [ READ MORE ]
It’s still anyone’s guess as to if and when China will allow the Yuan (RMB) to continue appreciating. You can see from the chart below – which shows the trading history for the RMB/USD December 2010 futures contract – that expectations of revaluation have eroded steadily since December 2009. At that time, it was projected [ READ MORE ]
The dollar continued to fall versus the euro this Wednesday despite positive data provided by the monthly ISM non-manufacturing report, as, once again, news involving Greece are the main factor influencing the EUR/USD currency pair’s trend, this time, on the euro’s side as Greece showed a new series of measures to tighten its budget deficit, which were received positively by traders. EUR/USD is currently at 1.3653. Nonfarm payrolls were at -20k in February [ READ MORE ]
The Wall Street Journal’s coverage of the Greek dent crisis has focused less on the crisis itself, and more on the markets’ reaction to it. With headlines like “Hedge Funds Try ‘Career Trade’ Against Euro” and “Speculators Bet Record Amount Against Euro For 4th Week” and “Europe Trouble, U.S. Opportunity” – among others – the [ READ MORE ]
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