EUR/USD rose today after yesterday’s holiday, when markets were closed. The currency pair currently trimmed its gains though and shows tendency to decline. The data from the United States was mixed as the housing market continued to show signs of improvement, but manufacturing growth unexpectedly slowed this month.
EUR/USD attempted to advance today, but trimmed its gains and currently trades in a range. The European Union released the bailout for Greece, improving the outlook for the eurozone. At the same time, fears of the fiscal cliff in the United States eat away confidence of Forex traders, weakening the currency pair. US consumer prices are falling, according to today’s report, and that does not help either.
EUR/USD ended its five-day rally today, after reaching the highest level since October 17, as the macroeconomic data from Europe was poor and Spain failed to reach target on its debt auction. The US data was a bit better, though not stellar either. On the positive side, factory orders unexpectedly grew and the services sector expanded faster than expected. On the negative side, employment growth was slower that market participants have hoped for.
EUR/USD erased its losses today on hopes that European finance ministers will reach an agreement about a bailout for Greece. Earlier, the currency pair dropped as yesterday’s talks between the finance chiefs failed to deliver any meaningful outcome. The US economic reports were largely positive today, but fears of possible tax increases and spending reduction restrained consumers’ confidence.
One new broker with a very “original” name was added to EarnForex.com during this week:
LONDON—Barclays BARC.LN -4.39% PLC Wednesday continued to reap the rewards of heavy client volumes in its investment bank, even as new Chief Executive Antony Jenkins faces pressure to make the bank safer by shrinking the unit.
Thames Water this week appointed UBS to source financing for the construction of its controversial Thames Tideway Tunnel, which is intended to replace London’s creaking Victorian sewerage system.
The news caught the market off-guard. According to a survey by Thomson Reuters, no analyst had a sell rating on the stock in the run-up to this week. Mulberry has a mean rating of buy across five analysts, with two strong buys, one buy and two holds.
EUR/USD was weak today on signs that the European economy struggles amid the financial crisis. The policy meeting of the US central bank did not help the currency pair as the Federal Reserve did not change its stance.
EUR/USD sank today, following yesterday’s gains, and resumed its downfall that had started on October 18. Moody’s Investors Service downgraded credit ratings of five Spanish regions, even though the rating agency maintained the sovereign rating of Spain itself last week. Adding to the negative sentiment, the US manufacturing index went unexpectedly to the negative territory.
And you miss such important factor as volume. The volume is very important, as analyzing volume, we can reveal that large players now do and to follow them. There is the whole version of the technical analysis studying volumes in the market in a combination to the graphic analysis. Such technique of VSA also is called.
Quite discussed question at forums about trade on FOREX — how to make the decision on an entrance in the transaction. Users create subjects, there is an exchange of opinions … Often answers are useless, since everyone describes an entrance in the market, leaning on the HARDWARE. And it is true, however is absolutely useless for others which don't know this system and don't understand, why on crossing of any lines it is necessary to buy to (sell) to pair.
So, Forex Setka Trader belongs to the category of martingeyl-advisers (increase in a prize when leaving transactions in a minus). Such robots bring in the greatest income, but can lead at any time to loss of all or the most part of the deposit. Our task periodically to deduce profit that, having reached profitability in 100 %, to continue to remove already net earnings, without risking the initial capital since we deduced it.
There are Forex indicators for the analysis, and there are indicators assistants which carry out utilitarian, support functions, doing trading simply more conveniently. About one of such "assistants" today speech also will go. The CandleCountdown indicator shows what is the time remained before candle closing. It is very convenient at trade both on small, and on large timeframe.
What is the trend?
EUR/USD fell today after two sessions of gains as the situation with Spain remained uncertain. Poor economic data from China added to the negative sentiment on the Forex market. US retail sales were higher than expected, but the manufacturing index was not as good as analysts have predicted.
The global daily forex market – which transacts nearly $2 trillion a day – is almost entirely dominated by large (scratch that, huge!) institutional investors. But that doesn’t mean that there’s no room for the smaller currency traders. Individual traders, accounting for about 2% of the currency market (do the math – that is not chump change!), are the reason that forex brokers number into the thousands – there is plenty of money exchanging hands, and there is a huge demand for qualified, reputable forex brokers.
