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 1 
 on: August 09, 2018, 11:46:07 PM 
Started by CarlosR - Last post by CarlosR
 Stellar Lumens was trading at $0.22088 by 16:55 (20:55 GMT) on the Investing.com Index on Thursday, up 10.2% on the day. It was the largest one-day percentage gain since August 9.

The move upwards pushed Stellar Lumens's market cap up to $4.12B, or 1.79% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12B.

Stellar Lumens had traded in a range of $0.19719 to $0.22091 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a drop in value, as it lost 16.36%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $70.12M or 0.55% of the total volume of all cryptocurrencies. It has traded in a range of $0.19442 to $0.26860 in the past 7 days.

At its current price, Stellar Lumens is still down 75.99% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading
Bitcoin was last at $6,506.5 on the Investing.com Index, up 2.91% on the day.

Ethereum was trading at $363.28 on the Investing.com Index, a gain of 1.58%.

Bitcoin's market cap was last at $112.29B or 48.84% of the total cryptocurrency market cap, while Ethereum's market cap totaled $36.91B or 16.05% of the total cryptocurrency market value.

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 2 
 on: August 09, 2018, 10:57:47 PM 
Started by CarlosR - Last post by CarlosR
The dollar traded higher against its rivals Thursday, shrugging off a mixed economic data as traders continue to bet a stronger U.S. economy would underpin the greenback amid lingering trade-war tensions.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.32% to 95.27.

The U.S. Department of Labor reported Thursday that initial jobless claims dropped by 6,000 to a seasonally-adjusted 213,000 for the week ended Aug. 3, beating economists’ forecast for a rise to 220,000.

The Labor Department said on Wednesday its producer price index for final demand was flat last month after rising 0.3% in June. In the 12 months through August, the PPI rose 3.3%, compared with expectations for a 3.4% rise.

Analysts downplayed the weaker-than-expected data and blamed the slowdown in wholesale prices on the volatile trade services component.

The trade-services component did most of the damage, which was a story of softness in fuels, lubricants and machinery, RBC said.

"If we strip out trade services from core, it would have been up 0.3%," the bank added.

The dollar remained supported, however, on expectations that U.S. would fare better in a trade war than China as the U.S. economy is less dependent on exports.

“You have rising income, rising labor participation, rising confidence, and all of that consumer spending accounts for two thirds of our (U.S.) GDP,” said Scott Clemons, chief investment strategist for Brown Brothers Harriman in New York last week. “Our starting position is much stronger than the Chinese because trade doesn’t matter as much to the American economy.”

The dollar was also supported by slump in the euro and weakness in the pound.

EUR/USD fell 0.44% to $1.1559. while GBP/USD fell 0.23% in fibonacci pattern forex to $1.2851 as fears of a no-deal Brexit continued to weigh.

USD/CAD rose 0.22% to C$1.3051 while USD/JPY fell 0.05% to Y110.98.

 3 
 on: August 09, 2018, 10:53:38 PM 
Started by CarlosR - Last post by CarlosR
On Wednesday the 8th of August, trading on the euro closed slightly up. High volatility on the market was observed during the European session. The euro rose from 1.1573 to 1.1628 amid a lack of important events and news concerning Sino-US trade relations.

The Chinese authorities announced the introduction of import duties on goods from the United States in the amount of 16bn USD (25%) as a response to the US' tariffs set to take effect on the 23rd of August. By the close of trading, the euro recovered to 1.1620.

Day's news (GMT+3):

11:00 Eurozone: ECB economic bulletin.
15:15 Canada: housing starts s.a (YoY) (Jul).
15:30 Canada: new housing price index (MoM) (Jun).
15:30 USA: PPI (MoM) (Jul), initial jobless claims (Jul 30).


Fig 1. EURUSD hourly chart. Source: TradingView

Current situation:

I expected to reach 1.1665 on Thursday during the European session. On Wednesday, the geopolitical factor reduced the speed at which the euro could strengthen against the dollar. Despite the breakthrough of the trend line (L1,1530 - L1552), bulls were able to regroup around the Lb balance line and the 45th degree, winning back most of the losses by the end of the trading day. That's just how it goes. News makes the market move.

On Wednesday, the euro saw a false breakout of the trend line.
The price bounced from the 45th degree.
In Asia, the euro is rising against USD, GBP, and NZD. The EURCHF, EURCAD, EURAUD, and EURJPY crosses are all trading slightly down.
If the pair maintains its positive trend during the European session, then according to the W-shaped model (shown on the chart) I expect growth to the 67th degree (1.1654). Additionally, at this level, the trend line intersects with the upper line of the ascending channel. Bulls have enough momentum to reach 1.1690. Whether or not we will move there will depend on where the market goes when the London session opens.

Now let's pause for a second and turn our attention to US Treasury bonds. Should they drop amid the escalating conflict between the US and China, then the euro will sink as a result of risk aversion. If bond yields go unaffected by geopolitical events, then the decline will put pressure on the dollar and act as a support for the single currency.

In other news, I suppose it is worth paying attention to the ECB's economic bulletin. See forex strategies that work in alpari.com

 4 
 on: August 02, 2018, 10:42:25 PM 
Started by susanaP - Last post by susanaP
On Wednesday the 1st of August, trading on the euro closed down against the US dollar. The euro’s slide was brought about by growth on the dollar across the board as well as a rise in US10Y bond yields.

Bond yields hit 3% ahead of the conclusion of the Federal Reserve’s two-day meeting as well as in response to the US Treasury announcing plans to raise long-term debt issuance to 78bn USD in this quarter, compared to 73bn USD in the previous quarter.

The Federal Open Market Committee (FOMC) decided to leave interest rates unchanged at 1.75 – 2.00%. This decision matched market expectations. In its statement on monetary policy, the FOMC said that it expects to raise interest rates gradually. The euro closed at 1.1659.

US data:

ISM manufacturing PMI (Jul): 58.1 (forecast: 59.5, previous: 60.2).
ADP employment change (Jul): 219k (forecast: 186k, previous reading revised from 177k to 181k).
Day’s news (GMT+3):

11:30 UK: PMI construction (Jul).
12:00 Eurozone: PPI (Jun).
14:00 UK: BoE interest rate decision – Markets expect the regulator to raise the key rate by 0.25% to 0.75%. Volatility will be high despite the fact that this has already been factored into the price.
14:30 UK: BoE’s Governor Carney speech.
15:30 US: initial jobless claims (27 Jul).
17:00 US: factory orders (Jun).


Fig 1. EURUSD hourly chart. Source: TradingView

Current situation:

My two-day forecast has worked out. The euro rose to 1.1748, and then over the course of 39 hours, returned to the lower boundary of the range at 1.1650.

In Asia, the euro dropped to 1.1654 against the greenback. In my new forecast, I’m expecting a rebound from the support with a target around the 45th degree. I don’t know what the low will be in the Asian session, but I’ve made my calculation from 1.1650.

I don’t see the euro going any higher than 1.1705, because there’s a risk of dropping to 1.1615. According to the US Trade Representative Robert Lighthizer, on Wednesday, President Trump ordered an increase in tariffs on 200bn USD worth of Chinese goods from 10% to 25%. Most of the euro crosses are trading up, but there’s no guarantee that investors won’t start retreating to the safe haven assets.

Today’s key event is the Bank of England’s interest rate decision and Mark Carney’s subsequent speech. The market is expecting a 25 base point hike to bring the key rate to 0.75%. Volatility is expected to be high, despite the fact that the market has already factored in this rise. No one knows what Carney will say, so keep an eye on the dynamics of the EURGBP pair.

US10Y bond yields are at 3%. There’s a chance they could rise to 3.02%. If they don’t go any higher, we’ll get a downwards correction to 2.98%, which will be good for the single currency. I’m all for an upwards correction today.
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 5 
 on: August 02, 2018, 10:40:28 PM 
Started by susanaP - Last post by susanaP
It’s not the best of times for the copper market, and as the world looks on at the China-US trade dispute, metal prices are plummeting. It came to light this week that Washington is seriously considering imposing higher tariffs on Chinese goods. The tariffs may be increased to 25% from the previously-proposed 10%. It’ll probably be a matter of weeks before a final decision is made on the scale of the tariffs and when to impose them. The tariffs are expected to apply to around 200bn USD worth of Chinese products. This will make it more and more difficult for China to break into US markets. There are already tariffs in place on around 50bn USD worth of Chinese goods, which have already caused jitters on the market.

China consumes about half of the world’s copper supply, so any news items that could threaten its position across global supply chains is going to bring metal prices down.

If the US continues to act so aggressively in its trade relations with China, it could hamper China’s economic growth. The macro data doesn’t look good either: China’s PMI dropped from 51.5 to 51.2 in June. This indicator reflects the optimism among business owners regarding supply from manufacturers, and its decline to a 5-month low perfectly illustrates how sensitive the economy and its productivity are to external factors. This trade standoff could be costly for both sides, and we still don’t know how Beijing will respond to this latest attack.

Copper has been trading within a downwards channel since the 10th of June, during which time it’s lost nearly 20% in value and is now at 6,052 USD per tonne. The technicals suggest that prices are set to consolidate between 5,895 and 6,315 USD per tonne, that is, if the trade war narrative subsides for a bit. If the US does impose new levies, and China finally responds to this aggression, coper could easily fall to 5,500 USD per tonne.

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 6 
 on: July 26, 2018, 11:05:55 PM 
Started by CarlosR - Last post by CarlosR
When trading Forex, it's important to know when national holidays occur as they can serve as a good guide for forecasting market situations in this period. As a rule, there is a jump in market activity immediately after a holiday is over. With care, you can choose the most profitable time to enter and leave the market.

Use the convenient filter in the Alpari Holiday Schedule to quickly sort through all the relevant dates for the trading session that you are interested in. See more in forex trading holidays Alpari.com

 7 
 on: July 26, 2018, 10:57:42 PM 
Started by CarlosR - Last post by CarlosR
As stipulated in fx street calendar today the president of the ECB speaks about interest rate. ECB keeps interest rates, QE parameters and forward guidance unchanged, reiterating the intention to keep rates at this level at least until summer 2019. During the press conference, the ECB president noted the “steady and wide” economic growth of the euro area region and pointed out that the inflation would gain momentum by the end of the year. The acceleration of the inflation and the promise to keep rates unchanged reduces the real (minus inflation) return on investment to European assets. Such softness of the ECB’s position caused a new wave of pressure on the common currency.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.

 8 
 on: July 26, 2018, 06:12:26 AM 
Started by CarlosR - Last post by Rosaslind
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 9 
 on: July 26, 2018, 06:12:14 AM 
Started by ManaTT - Last post by Rosaslind
It is very good with your post. What do I know more.

 10 
 on: July 25, 2018, 06:11:47 AM 
Started by susanaP - Last post by susanaP
Our research team has been watching the foreign currency markets with great interest. Recently, the strength of the US dollar has put extended pressures on many foreign currencies. The recent crash of the Chinese yuan has alerted many traders to the concern that China could be edging over the precipice in terms of debt and credit market collapse.

As traders/investors, we need to understand how these currencies move, and future moves may drive the global equity markets to new highs or lows. Let’s take a brief look at how some of our proprietary indicators are set up on these Weekly charts.

Weekly British Pound Chart
This Weekly British pound shows that our proprietary Fibonacci Price Modeling system presents a very clear picture that the current trend is bearish and that price is contracting. The Weekly Fibonacci price modeling system functions as an adaptive price modeling system – allowing the price rotations (peaks and valleys – highlighted by the yellow, cyan, magenta and white markers on the chart) to develop into a concise and efficient current model of price expectations and projections. The multiple price projection levels (the six projected lines to the right of the current price bar) show us where price may attempt to target should a breakout move happen.

Notice that the current British pound price has reached and stalled near the 1.3100 level – which is exactly where our Fibonacci price modeling system predicted with the red and grey projection levels. Also, notice how the blue and cyan projected levels are aligning near 1.3775. This would be a proper expected price level should price find some support near the 1.3000 level and attempt a short recovery.

As we get further into these charts, please understand the key elements and what they are attempting to illustrate. With each pivot high or low, this price modeling system identifies a “trigger price level” that is used to confirm a trend reversal (if it happens) as well as to identify key future support/resistance. These are drawn as green and red horizontal lines. You’ll notice a green trigger price level near the current price bar – this is the “upside price trigger level” that would have to be breached if we were to see any further upside price advance. As long as price stays below this level, we should continue to expect a downside price move with a strong potential for new lows.

Summarizing this analysis, the current trend is bearish. The current bullish trigger level is near 1.3600. Price is trending lower from a previous bearish price trigger level near 1.4240. Price has reached the two (red and grey) projected price levels, which means we should expect some price consolidation near these levels before establishing a new price trend (extending lower or rotating higher). Recently, new price-bar lows show a very strong potential for further downside price activity. At this point, we see that support from a previous bottom, near 1.3060, will likely cause the price to stall near this level. We believe the price will continue to fall below the 1.3000 eventually as the strength of the US dollar continues to push higher and the Brexit issues continue. The British pound could fall well below 1.2500 before finding real support. Wait for this consolidation period to end and watch for lower prices to continue.
Overall, we need to remember that recent political, economic and geopolitical tensions are indicating that global economies and currencies should expect price pressures moving forward. What was once a given, that the world would continue to operate without much disruption in the global balance of things, is now open for debate. We are watching global concerns and liabilities as a result of China’s recent downturn and currency devaluation reflect in additional concerns throughout the global currency markets. We have to be aware that these issues typically don’t end quickly or without some form of government intervention. This means we may have quite a bit of time to play these moves and find good trades.

Right now, the Russian ruble, kiwi dollar, British pound and the Canadian dollar appear to be poised for a breakdown in prices in the immediate future – breaking through support and possibly dropping to recent historical lows. The euro is setting up for a breakout/breakdown move with a very narrow trigger price level range. The euro may rally, briefly, if USD retraces a bit from current levels. Remember, these are weekly charts and help to understand the broader price trend. A breakdown in the ruble, pound and Canadian dollar would likely coincide with a rally in the US dollar and possibly the euro, too. Therefore, watch for weakness in these markets and strength in the US dollar as these moves happen.

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