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EUR/USD rallied on Monday, though trimmed gains by the end of the trading session. Analysts pointed at the slump of the Empire State Manufacturing Index as one of the possible reasons for the rally, but the currency pair actually halted its upward movement after the release.

NY Empire State Index tumbled from 17.8 in May to -8.6 in June. That was a total surprise to analysts, who had expected a much smaller decrease to 12.1. (Event A on the chart.)

Net foreign purchases were at $46.9 billion in April. That is compared to the medium forecast of $30.8 billion. The March value got a revision from -$28.4 billion to -$25.9 billion. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1020 1.1111 1.1161 1.1252 1.1302 1.1393 1.1443

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1100 1.1140 1.1241 1.1281 1.1382

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1133 1.1172 1.1184 1.1197 1.1223 1.1236 1.1249 1.1288

Tom Demark’s pivot points
Support Resistance
1.1136 1.1277

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1202 1.1235 1.1256 1.1273 1.1289 1.1343

GBP/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2348 1.2464 1.2526 1.2642 1.2705 1.2821 1.2883

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2450 1.2500 1.2629 1.2678 1.2807

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2491 1.2540 1.2556 1.2573 1.2605 1.2622 1.2638 1.2687

Tom Demark’s pivot points
Support Resistance
1.2495 1.2673

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2579 1.2622 1.2648 1.2669 1.2690 1.2758

USD/JPY Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
107.56 107.86 108.20 108.50 108.84 109.14 109.48

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.87 108.22 108.51 108.86 109.15

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
108.19 108.36 108.42 108.48 108.60 108.66 108.72 108.89

Tom Demark’s pivot points
Support Resistance
108.35 108.99

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.16 108.31 108.40 108.48 108.55 108.80

AUD/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
0.6672 0.6766 0.6818 0.6912 0.6963 0.7057 0.7109

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
0.6756 0.6796 0.6901 0.6942 0.7047

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
0.6789 0.6829 0.6842 0.6855 0.6882 0.6895 0.6909 0.6949

Tom Demark’s pivot points
Support Resistance
0.6792 0.6937

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
0.6861 0.6895 0.6916 0.6933 0.6950 0.7006

USD/CAD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3108 1.3174 1.3291 1.3356 1.3474 1.3539 1.3657

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.3187 1.3317 1.3369 1.3500 1.3552

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.3308 1.3358 1.3375 1.3392 1.3425 1.3442 1.3459 1.3509

Tom Demark’s pivot points
Support Resistance
1.3324 1.3507

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3239 1.3282 1.3309 1.3330 1.3352 1.3422

If you have any questions or comments on this technical analysis, please feel free to reply below.

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No new brokers appeared on EarnForex.com this week, just a few updates to the listed companies:

AvaTrade now accepts Boleto, FasaPay, and UnionPay for payments. МТ5 demo accounts are now available. Traders can also keep account balance in Australian dollar, Japanese yen, Swiss franc, and Great Britain pound. Customer support service through office is no longer available.

Price Markets no longer works with Skrill. Added Swiss franc as an account currency.

PFD raised margin-call and stop-out levels and reduced minimum account size for MT4 Pro accounts to $1.

Pepperstone added deposits through Skrill and PayPal. Increased its floating spreads somewhat.

PaxForex now supports trading in XRP/USD (Ripple vs. US dollar).

Orbex added FasaPay to payment options.

One Global Market added support for UnionPay and BPAY.

One Financial Markets added UnionPay and FasaPay payments. Closed its office in Hong Kong.

Grand Capital opened offices in Kenya and Ecuador.

If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.

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EUR/USD sank today even as US retail sales missed expectations. But the miss was small and the core components came out within expectations. Furthermore, both the headline and underline figures for the preceding month got a positive revision. And on top of that, industrial production beat forecasts. The positive data eased concerns that the US economy is experiencing slowdown.

Retail sales rose 0.5% in May from April. That was below analysts’ forecasts of a 0.7% increase. On the positive note, the April reading was revised from a drop by 0.2% to an increase by 0.3%. (Event A on the chart.)

Industrial production rose 0.4% in May after falling at the same rate in April (revised, the drop was by 0.5% before the revision). Analysts had predicted a more modest increase by 0.2%. Capacity utilization edged up a little from 77.9% to 78.1%, in line with expectations. (Event B on the chart.)

Michigan Sentiment Index fell to 97.9 in June from 100.0 in May. The actual figure was close to the consensus forecast. (Event C on the chart.)

Business inventories rose 0.5% in April. That is compared to the predicted increase by 0.4% and no change logged in March. (Event C on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD attempted to rally today but failed and is now trading about flat below the psychologically important 1.13 level. There were no particularly important macroeconomic releases today, either in the United States or in the eurozone. Tomorrow, US retail sales will draw the most attention, being considered a relatively major release.

Import prices dropped 0.3% in May, matching forecasts exactly, after increasing 0.1% in the previous month. Export prices fell 0.2% after they have increased 0.1% in April too. (Event A on the chart.)

Seasonally adjusted initial jobless claims decreased slightly to 222k last week from the previous week’s revised level of 223k (221k before the revision). The median forecast had promised a more significant decrease to 215k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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EUR/USD was falling during the Wednesday’s trading session. The currency pair made a short-lived attempt to rally on the back of slowing US inflation but quickly resumed its decline.

CPI rose 0.1% in May, in line with expectations, after rising 0.3% in April. (Event A on the chart.)

US crude oil inventories increased by 2.2 million barrels last week instead of falling by 1.0 million barrels as analysts had predicted. The stockpiles swelled by 6.8 million barrels the week before. Total motor gasoline inventories increased by 0.8 million barrels.

Treasury budget turned from a surplus of $160.3 billion in April to a deficit of $207.8 billion in May. The average forecast had promised a slightly smaller surplus of $199.2 billion. (Event B on the chart.)

Yesterday, a report on PPI was released, showing an increase by 0.1% in May. It was within expectations and a bit slower than the 0.2% gain logged in April. (Event C on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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This post is a huge 2019 update to our previous review of Forex calendars published back in 2017.

If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool for you. If you are a technical analysis trader or price action scalper, you can use economic calendars to your benefit for spotting the periods of the day when it is best to avoid trading due to the periods of high uncertainty, which is usually connected to important macroeconomic announcements.

Even though modern trading platforms feature economic calendars right inside the trading terminal, it is much more convenient for traders to consult a web page calendar via their browsers — either on desktop or using a mobile device. Also, while many Forex brokers offer a calendar on their website, the quality of broker-provided calendars is usually well below what you get at the websites that are specializing in this sort of information.

The 11 Forex calendars presented below have proven to be the finest, both in form (easy to read, fast to browse, and pleasant to an eye) and in terms of content (lots of events, powerful filtering, additional features), and stand out from the hundreds available online nowadays. Despite lots of similarities, the calendars reviewed below have distinct traits that will make them more useful to some traders — it is in a trader’s best interest to find one, two, or even three calendars that most fully suit his or her trading style.

The List

In addition to the 10 calendars reviewed in the previous post, the economic calendar from MQL5.com is analyzed here. The 11 top calendars below are introduced in alphabetical order and then assessed according to their parameters and special features.

BabyPips.com

DailyFX

Dukascopy

Econoday

Forex Factory

FXStreet

Investing.com

MQL5.com

TeleTrader.com

Trading Economics

ZuluTrade

Interface Appearance

Although the basic elements of the calendars are almost unchanged across all websites — the name of the event, its date and time, the country of origin, forecast, previous and actual values, — each calendar attempts to improve its presentation of data using various methods of visualization and applying its own unique design and style.

Legend

To make the calendars more compact, the websites use various icons, images, codes, and abbreviations to display the list of events. A legend, similar to those used on maps, can accompany a calendar to describe such elements. However, not all of the calendars provide a legend and not all them are equally helpful.

  • BabyPips.com provides no legend.
  • DailyFX provides no legend.
  • Dukascopy provides no legend.
  • Econoday provides a complete legend for all icons used throughout the calendar.
  • Forex Factory has a very detailed legend with explanation of icons and abbreviations used.
  • FXStreet doesn’t have a legend per se but offers a textual description of the calendar, which will help you to understand how it works.
  • Investing.com has a brief legend for key elements used in the calendar.
  • MQL5.com has calendar filter settings that also pass for being a sort of a legend.
  • TeleTrader.com also describes most of the non-obvious stuff with its filtering options.
  • Trading Economics offers a rather poor legend, which is mostly a textual description and does not cover all the styling features used in the calendar.
  • ZuluTrade provides no legend.
Images/Currency Codes

Calendars use a currency ISO code, a country flag, or a country ISO code to show the origin of each of the listed events.

  • BabyPips.com utilizes country flags and 3-letter currency ISO codes.
  • DailyFX utilizes only the country flags.
  • Dukascopy utilizes country flags and 3-letter currency ISO codes.
  • Econoday employs country flags and 2-letter country codes.
  • Forex Factory uses only 3-letter currency ISO codes.
  • FXStreet employs a country flag along with 3-letter currency ISO code.
  • Investing.com uses a country flag along with 3-letter currency ISO code.
  • MQL5.com uses a country flag and a 3-letter currency ISO code.
  • TeleTrader.com displays info using country flags.
  • Trading Economics uses country flags along with 2-letter country codes.
  • ZuluTrade makes use of 3-letter currency ISO codes.
Additional Details

As mentioned before, the basic information provided by an economic calendar for each event is the following: date and time, country/currency, name of the indicator or event, previous/forecast/actual values. All of the listed calendars also provide a news impact measure of some sort. Some calendars choose to augment this data with additional details.

  • BabyPips.com provides a detailed description of the event/indicator with a link to the source and the next release date.
  • DailyFX provides a rather long textual description for each indicator.
  • Dukascopy provides only the basic explanation of important indicators, frequency of news release, name of the data source, alternative name/significance of the event, and a historic chart, which includes forecasts, with a maximum lookback period of two years.
  • Econoday gives detailed explanation of the indicators, historic chart (for some events), release schedule, last released data, and in-depth study of recently released data. There is also a quick link named Why Investors Care, which describes the importance of the indicator for the economy. The link provides additional details such as the frequency and approximate time of release, original data source without a link, revision methodology, and, finally, a period that the report covers.
  • Forex Factory shows an elaborate explanation of the indicator, link to the official source page, historic data and chart, related news articles, next release date, explanation of why it is important, and the indicator’s full name and alternative names (if any).
  • FXStreet provides a definition of the indicator, link to the official report, historic chart with forecast and deviation plots, and elaborate market impact charts for major currency pairs (see the Extra Features section below).
  • Investing.com offers a description of the indicator, link to the official source page, and a very detailed historic data/chart spanning decades into the past.
  • MQL5.com provides a description of the event, reference to the previous release, chart of the recent data vs. forecasts, historic data chart, and historic data table.
  • TeleTrader.com provides only a basic description of the indicator with a link to the official source page.
  • Trading Economics offers a detailed explanation of the indicator, next release date, historic chart (with quick chart view directly in the calendar table), data table, and related news.
  • ZuluTrade does not offer any additional details related to the event.
Charts

Historic data assists in the study and interpretation of the economic data announced recently. Most of the charts show some amount of historical data related to the concerned economic event. However, the level of interaction possible with the chart differs from calendar to calendar. This section makes an attempt to assess the quality of the charts provided by the economic calendars.

  • BabyPips.com does not offer charts.
  • DailyFX does not offer charts.
  • Dukascopy offers a scalable line chart providing the actual and forecast values for the past few years for a given indicator.
  • Econoday offers a plain non-interactive chart for actual values.
  • Forex Factory shows a scalable interactive histogram chart with all values — actual, forecast, and revised. The problem with the revised data representation on the chart is that its color (dark blue) mixes with the actual data presented in light blue.

  • FXStreet provides a non-scalable chart with forecast and actual values. Additionally, a market impact chart can be switched on. It will show how strongly the currency actually reacted to the news.

  • Investing.com offers a scalable chart with a period selector and a switch between line and area. The data (actual, forecast, and revision) along with the date of the announcement is shown when the mouse pointer is moved over the chart.
  • MQL5.com provides a very simple historic line chart with forecast and actual values. Pointing the mouse cursor over will show the exact value.

  • TeleTrader.com does not offer charts.
  • Trading Economics provides an interactive chart with a period selector and some basic charting tools: column, line, area, spline, spline area, candlestick, bars, trend, average, histogram, variance, mean, maximum, minimum. Only actual values are plotted. The chart provides the facility for comparison with other countries and events.
  • ZuluTrade does not offer charts.
Revisions

Most of the actual announcement values are calculated by governments (or other reporting institutions) using the partial data. Because some of the data gets updated or new data is coming later, the revised values are released with the next reports.

When a new data is announced for an indicator, simultaneously, the revised value (corresponding to the previous period) for the same economic indicator is reported. Most of the economic calendars display such revised information with a different color. There are also calendars that provide both revised and unrevised values for trader’s convenience. Approaches of different economic calendars to revised values are explained below.

  • BabyPips.com shows revised values, marking them with an asterisk. On mouseover, the ‘revised from’ value is displayed. Unfortunately, not all events get revisions displayed with this calendar.
  • DailyFX shows only revised values marking them with color (red for negative revisions, blue for positive revisions).
  • Dukascopy shows only original values.
  • Econoday shows both unrevised and revised values, but you have to click on an event to get to them.
  • Forex Factory gives revised values alongside a small yellow triangle. Moving the mouse pointer over the triangle reveals the previous value.
  • FXStreet displays revised values alongside a small round yellow bullet with letter ‘i’ in the center. The previous value is revealed by placing the mouse pointer over the icon.
  • Investing.com shows revised values with a dotted line underneath. Placing the mouse pointer over the number reveals the previous unrevised value.
  • MQL5.com displays revised values with a dotted underline. The original values are displayed in a tooltip.
  • TeleTrader.com displays only original values.
  • Trading Economics shows revised values and uses a circled ‘R’ symbol next to them. On mouseover, the original data is revealed.
  • ZuluTrade displays only revised values without any indication of revision.
Filters

Using a filter, a trader can prioritize the list of events to monitor as per the personal need. Nearly all calendars offer these three basic filters:

  1. Countries/currencies
  2. Nature of event
  3. Impact

We shall look at the specific filters offered by each of the economic calendars taken here for assessment.

BabyPips.com allows filtering based on currency, impact, and session (London, New York, Tokyo, Sydney). The currency filter offers a selection of 9 currencies (AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, and USD). By default, all the currencies, news events, and sessions remain selected. Remember Filters option can be used to make the website remember your choice of filters.

DailyFX supports only currency and impact-based filtering. It does not offer an event-based filter. However, keyword-based event search facility is..

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EUR/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1024 1.1092 1.1212 1.1280 1.1400 1.1468 1.1588

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1105 1.1238 1.1293 1.1426 1.1481

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1229 1.1281 1.1298 1.1315 1.1349 1.1367 1.1384 1.1435

Tom Demark’s pivot points
Support Resistance
1.1246 1.1434

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1160 1.1204 1.1231 1.1254 1.1276 1.1347

GBP/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2491 1.2551 1.2644 1.2703 1.2797 1.2856 1.2950

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2559 1.2662 1.2712 1.2814 1.2865

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2654 1.2696 1.2710 1.2724 1.2752 1.2766 1.2780 1.2822

Tom Demark’s pivot points
Support Resistance
1.2674 1.2827

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2610 1.2646 1.2668 1.2686 1.2704 1.2763

USD/JPY Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
107.00 107.40 107.80 108.21 108.60 109.01 109.40

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.40 107.79 108.20 108.59 109.00

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
107.75 107.97 108.04 108.12 108.27 108.34 108.41 108.63

Tom Demark’s pivot points
Support Resistance
107.60 108.40

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
107.81 108.00 108.12 108.21 108.31 108.61

AUD/USD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
0.6848 0.6887 0.6943 0.6982 0.7038 0.7077 0.7133

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
0.6892 0.6952 0.6986 0.7046 0.7081

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
0.6947 0.6973 0.6982 0.6990 0.7008 0.7016 0.7025 0.7051

Tom Demark’s pivot points
Support Resistance
0.6963 0.7058

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
0.6927 0.6949 0.6963 0.6974 0.6985 0.7021

USD/CAD Floor pivot points
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2910 1.3086 1.3175 1.3351 1.3441 1.3616 1.3706

Woodie’s pivot points
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.3064 1.3132 1.3330 1.3398 1.3595

Camarilla pivot points
4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.3119 1.3192 1.3216 1.3241 1.3289 1.3314 1.3338 1.3411

Tom Demark’s pivot points
Support Resistance
1.3131 1.3396

Fibonacci retracement levels
0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3261 1.3324 1.3363 1.3394 1.3425 1.3527

If you have any questions or comments on this technical analysis, please feel free to reply below.

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With no new companies to report on this week, the following summary covers the already listed brokers that had their descriptions updated during the period:

LiteForex introduced deposits and withdrawals via Bitcoin Cash.

SimpleFX added Monero and Ethereum Classic to deposit options. The broker also revamped its account system significantly.

NordFX stopped accepting payments via OKPAY, Payza, Payweb, WalletOne, and FasaPay. Instead, added Ethereum as a deposit/withdrawal option.

NatureForex added cryptocurrency trading with BTC/USD, ETH/USD, LTC/USD, XRP/USD, and ETC/USD. Swap-free accounts are now available to Muslim traders.

MultiBank (ex-MEX Group) no longer offers Chinese version of its website but added Arabic, Portuguese, and German versions.

MTrading no longer accepts QIWI and WebMoney deposits.

OctaFX ditched FasaPay and UnionPay in favor of Bitcoin. Adjusted leverage for gold & silver trading.

NTFX removed QIWI from supported payment methods.

If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.

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EUR/USD surged today after US nonfarm payrolls came out and turned out to be hugely disappointing. Employment growth was far below expectations and wage inflation missed forecasts as well. Only the unemployment rate matched predictions.

US nonfarm payrolls rose by 75k in May versus 177k predicted by experts. Furthermore, the April increase got a negative revision from 263k to 224k. Unemployment rate remained unchanged at 3.6%, as was expected. Average hourly earnings rose by 0.2%, the same as in the previous month but missing the forecast of a 0.3% increase. (Event A on the chart.)

Wholesale inventories rose by 0.8% in April. Ahead of the report, analysts had predicted the same 0.7% rate of increase as in March. (Event B on the chart.)

Consumer credit rose by $17.5 billion in April from March, which was a bigger increase than $11.5 billion predicted by analysts. On top of that, the March increase got a positive revision from $10.3 billion to $11.0 billion. (Event C on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Posted on Forex blog.
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