Earn Forex - Forex Trading Information, Learn About Forex Trading
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First-hand Forex trading experience and information about foreign exchange market that will be useful to traders. Our mission is to provide free sources of Forex trading information and education.
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3y ago
EUR/USD has been trading in a range on Friday. The currency pair demonstrated huge swings between gains and losses immediately after the release of US nonfarm payrolls but ultimately did not move far from the opening level.
Nonfarm payrolls surged by 916k in March, exceeding already optimistic market expectations of a substantial 652k increase by a wide margin. On top of that, the previous month’s gain got a positive revision from 379k to 468k. Unemployment rate dropped to 6.0% from 6.2%, matchi ..read more
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3y ago
EUR/USD rose today. Some market analysts explained the rally by the bigger-than-expected number of jobless claims in the United States dragging the dollar down. But the currency pair has been rising even before the release. The pair halted the rally briefly after the release of better-than-expected US manufacturing reports but the rally resumed quickly afterward.
Initial jobless claims were at 719k last week, seasonally adjusted, up from the previous week’s revised level of 658k (684k before the revision ..read more
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3y ago
EUR/USD rose today but struggled to keep gains. US macroeconomic data released over the trading session seems to have a limited impact on the moves of the currency pair.
ADP employment rose by 517k in March, missing the median forecast of 552k. The previous month’s increase got a positive revision from 117k to 176k. (Event A on the chart.)
Chicago PMI climbed to 66.3 in March from 59.5 in February. The actual value was not only significantly above the consensus forecast of 61 ..read more
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3y ago
EUR/USD fell today amid the broad-based dollar strength. Market analysts explained the good performance of the US currency by rising US Treasury yields. As for macroeconomic reports released in the United States during Tuesday’s trading session, they were mixed.
S&P/Case-Shiller home price index rose by 11.1% in January, year-on-year, more than in the previous month (10.2%) but less than analysts had predicted (11.4%). Month-on-month, the index gained by 0.9%. (Event A on the chart.)
Consumer confiden ..read more
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3y ago
EUR/USD Floor pivot points
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
1.1536
1.1649
1.1721
1.1834
1.1906
1.2019
1.2091
Woodie’s pivot points
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
1.1639
1.1701
1.1824
1.1886
1.2009
Camarilla pivot points
4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res
1.1692
1.1742
1.1759
1.1776
1.1810
1.1827
1.1844
1.1895
Tom Demark’s pivot points
Support
Resistance
1.1685
1.1870
Fibonacci retracement levels
0.0%
23.6%
38.2%
50.0%
61.8%
100.0%
1.1762
1.1806
1.1832
1.1854
1.1876
1.1947
GBP/USD Floor pivo ..read more
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3y ago
EUR/USD has been trading flat during Thursday’s trading. While the currency pair dipped following the release of better-than-expected reports on GDP and unemployment claims, it bounced afterward, trading near the opening level at the time of writing.
USD GDP rose by 4.3% in Q4 2020 according to the third and final estimate. Markets were expecting the same 4.1% reading as in the preliminary estimate. The indicator surged by 33.4% in Q3. (Event A on the chart.)
Initial jobless ..read more
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3y ago
EUR/USD extended yesterday’s decline today even though positive PMI reports in the eurozone helped the market sentiment a bit. But investors remained cautious due to the COVID-19 spreading across Europe and subsequent lockdowns announced by European nations. As for US macroeconomic data, most of today’s reports were worse than expected.
Durable goods orders fell by 1.1% in February instead of rising by 0.7% as experts had predicted. The indicator increased by 3.5% in the previous month. (Event A ..read more
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3y ago
EUR/USD declined today, erasing yesterday’s gains. Market analysts explained the decline by risk aversion caused by the spread of the COVID-19 across Europe as well as rising political tensions between China and the European Union as well as other Western powers.
US current account logged a deficit of $188.5 billion in Q4 2020, up from $180.9 billion in Q3. The actual value was in line with analysts’ forecasts. (Event A on the chart.)
Richmond Fed manufacturing index rose from 14 in Fe ..read more
Earn Forex - Forex Trading Information, Learn About Forex Trading
3y ago
EUR/USD Floor pivot points
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
1.1741
1.1807
1.1856
1.1922
1.1971
1.2038
1.2086
Woodie’s pivot points
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
1.1803
1.1847
1.1918
1.1962
1.2033
Camarilla pivot points
4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res
1.1841
1.1873
1.1883
1.1894
1.1915
1.1926
1.1936
1.1968
Tom Demark’s pivot points
Support
Resistance
1.1832
1.1947
Fibonacci retracement levels
0.0%
23.6%
38.2%
50.0%
61.8%
100.0%
1.1874
1.1901
1.1918
1.1931
1.1945
1.1989
GBP/USD Floor pivo ..read more
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3y ago
EUR/USD demonstrated a significant loss today but it was not quite enough to erase yesterday’s rally caused by the monetary policy announcement by the Federal Open Market Committee. Today’s US macroeconomic data does not seem to have a noticeable impact on moves of the currency pair.
Philadelphia Fed manufacturing index surged from 23.1 in February to 51.8 in March. That was a total surprise to experts who were expecting a small decline to 22.5. (Event A on the chart.)
Initial jobless claim ..read more