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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders
Today, I’ve listed vpsforextrader.com among the Forex VPS providers on EarnForex.com. It’s a year-old company based in Lithuania and providing its services worldwide. The servers are also hosted in Germany, making it a good hosting solution for trading with European brokers. Currently, they offer three hosting plans: …
EUR/USD was falling today, heading for a fifth straight day of losses. The currency pair rebounded later and currently stays flat. Macroeconomic data from the United States was surprisingly bad today with the exception of jobless claims that remained stable.
Initial jobless claims was at the seasonally adjusted 370k last …
EUR/USD fluctuated today. The euro is still suffering from the crisis in Europe, while the dollar was weighed down by prospects of additional stimulus. Today’s reports from the US were good, but fears that the US recovery is not stable enough persist.
Housing starts were at the seasonally adjusted annual …
With less than a month left until the opening of registration for the 6th Automated Trading Championship, its host, MetaQuotes, announces some interesting changes — both to the rules of this Forex trading contest and some technical conditions for the expert advisors.
First, the maximum amount of simultaneously open pending orders …
EUR/USD rose today after a report showed that the German economy grew last quarter, avoiding recession. (Event A on the chart.) The currency pair erased its gains and fell to the lowest level since January as Greece prepares for a new election after political parties failed to form a new government. It is quite …
The euro is giving the Forex traders another nice pattern — this time on EUR/CAD pair, specifically on its daily chart. This is a long-term descending triangle that started forming back in January 2012. Although its upper border is quite rough, there are enough touch-points at both of the triangle’s …
No new Forex brokers listed today — just minor existing listing updates, all involving minimum account size changes:
- ATC Brokers’ minimum account size increased from $5 to $5,000.
- Minimum account size for Tadawul FX adjusted from $1 to $500.
- Trader’s Way adds cTrader …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2697 | 1.2801 | 1.2858 | 1.2962 | 1.3019 | 1.3123 | 1.3180 |
| GBP/USD | 1.5884 | 1.5973 | 1.6021 | 1.6110 | 1.6158 | 1.6247 | 1.6295 |
| USD/JPY | 78.89 | 79.15 | 79.54 | 79.80 | 80.19 | 80.45 | |
EUR/USD fluctuated today, heading to a weekly loss, as fears that Greece would drop the euro still plague the Forex market. In the United States, the Producer Price Index unexpectedly dropped, but consumer confidence continued to improve.
PPI fell 0.2% in April, even though analysts promised it to stay unchanged as in March. …
EUR/USD gained today after two days of losses on the news that Greece will receive a bailout and a progress in a forming new government was made. US fundamentals were mixed. Import prices fell and the trade balance deficit rose. On the positive side, export prices increased and the federal budget balance had its …
