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The textbook definition of technical analysis is the use of past market data to help determine what future price action will bring. Because markets are driven by mass trader psychology and emotion, the same types of patterns tend to repeat over time...
GetGems, the social messaging app with a built-in Bitcoin wallet, have announced that it has raised $400,000 from venture capitalist Magma Venture Partners...
EUR/USD is taking a breather at the beginning of the New York session, having recovered a few pips after hitting fresh 9-year lows on the back of disappointing Eurozone data. EUR/USD extended losses Thursday and scored a fresh low of 1.1753 before recovering slightly...
ECB now intensely pressured to apply QE, after indicators showed Europe officially entered deflation
According to many eurozone politicians and analysts, the 0.2% drop in prices, the first annual fall for five years, indicated the weakness of the eurozone economy and the need for a fresh injection of funds by the central bank...
I think we became to close for a change in the market direction of major currencies correlated to the Dollar Index and here is my reasons.take a look at the monthly chart for the Dollar Index. The Dollar Index made it's yearly High or Low in January/February for 17 years from the last 21 years...
On Thurday emerging-market stocks rose the most in three weeks as oil grew for a second day and Federal Reserve minutes signaled that an interest-rate increase is not unavoidable. The benchmark gauge for developing-nation stocks added 1.5 percent to 955.25 at 1:30 p.m. in London...
Resistance Support 1.0185 1.0118 1.0239...
On Thursday the greenback hit 12-year highs versus its peers, as growing optimism over the strength of the U.S. economic recovery lent broad support to the dollar. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.46% at 92...
The European Central Bank was originally scheduled to announce its first monetary-policy decision of 2015 today, followed by President Mario Draghi’s regular press conference. Instead, it’s embarking on a new era of less frequent decisions and more transparent communication...
On Thursday the UK currency dipped to 18-month lows against the U.S. dollar, as demand for the greenback continued to receive broad support, while investors eyed the Bank of England's upcoming policy statement due later in the day...
The optimism that monetary policies by the European Central Bank and Federal Reserve will support the economy sent European stocks up which climbed the most in a three-week period...
Yesterday Brent crude dipped below the $50 a barrel mark yesterday. The catastrophic oil price plunge makes lots of investors nervy, as subconsciously they still stick to the pre-crash price, thinking oil is ‘worth’ $100 a barrel, regardless of what logic tells them...
Indicators Required 1) 200 EMA 2) MACD (with default setting) This indicator can give about the idea of a true trend. 200 EMA is very profitable mt4 indicator. The strategy is a mix of 200 EMA and MACD...
Speaking at a press conference in Downing Street, Angela Merkel, the German chancellor, said that she has “always” supported Greek membership of the euro as she said she had “no doubt whatsoever” that Athens would uphold its commitments, as Britain's The Guardian reports...
Japan's currency fell for a second day against the greenback as global stocks rose before U.S. reports this week that economists said will show an improving labor market. Australia’s dollar climbed against all its 16 major peers...
Bitstamp, one of the largest exchanges for the digital bitcoin currency, announced it expected to resume trading within 24 hours after suspending operations because of a security breach occurred on Sunday. The breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million...
Resistance Support 181.41 178.85 184.58...
After reading Piaget's Theory In Psychology by chance about Human changes in life along the first 11 years of each person life, somehow i found it a bit similar to the Forex journey each trader passing in the arena of Forex...
By Bill Bonner in London, England A man puts a single bullet in a revolver and spins the chamber. He puts the gun to his head. He pulls the trigger. Nothing happens. He spins the chamber again. Gawkers watch. Speculators take bets on whether he will live or die. Again, the man pulls the trigger...