Posts Tagged ‘ Forex ’
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 ]
With no U.S. economic data on the calendar, it has been an extremely quiet day in the forex markets. Despite the lackluster move in U.S. equities and the fact that many of the major currency pairs ended the day unchanged, traders remain optimistic. We know that the mood in the financial markets is [ READ MORE ]
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
The stability in the forex on Monday was short-lived as comments by ratings agencies sent investors back into the safety of U.S. dollars. [ 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 U.S. dollar traded higher against all of the major currencies ahead of Friday’s non-farm payrolls report. The strength of the dollar reflects the market’s relief that any increase in job losses in February will be reversed in March. There has been a lot of chatter about how the two snowstorms in the [ READ MORE ]
A recovery is not much of a recovery when there is no job growth and consumer spending. Friday’s labor market report is not expected to provide any encouragement for supporters of the U.S. recovery because job losses could accelerate. The improvements in the labor market have been uneven and we expect this trend [ READ MORE ]
Thanks to the better than expected U.S. non-farm payrolls report, the sun is shining brightly on the financial markets. Equities rose to their highest levels in more than a month while the dollar saw its strongest performance against the Japanese Yen since early December. The improvement in risk appetite helped to drive currency traders [ 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 ]
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