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  1. #41
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    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pair

    EUR USD

    EUR traded higher against USD and closed at 1.1046.


    • EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063
    • Return to downtrend possible, in repeat of early Aug price action
    • Bullish reversal pattern may again be overturned at Bollinger band 1.1111
    • Previous failures to close inside Bollinger uptrend channel cued selloff


    JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

    The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.

    JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

    According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076.

    NZD USD

    NZD traded higher against USD and closed at 0.6422.

    According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449.

    GBP USD

    GBP traded lower against USD and closed at 1.2345.

    The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

    The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

    According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.

  2. #42
    Junior Trader
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    Technical Overview of USD/JPY, USD/CHF and AUD/USD Currency Pair

    USD JPY

    USD traded higher against JPY and closed at 107.53.


    • USD/JPY grinds higher to 107.67 from 107.54, nearing breakout
    • May soon crack 107.71 top of daily Ichimoku Cloud on EBS
    • Closing above that level marks bullish break, 200 DMA could be next
    • ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in
    • US 10y yield lets off some steam after hitting 1.744%, last 1.713%
    • Risk appetite rising with further global central bank easing expected


    According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75.

    USD CHF

    USD traded lower against CHF and closed at 0.9919.


    • USD/CHF recently turned choppy inside a rising channel formation.
    • 200-hour EMA adds to the pattern’s support.


    The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session.

    According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938.

    AUD USD

    AUD traded higher against USD and closed at 0.6859.


    • AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data.
    • Australian currency may remain under pressure due to deepening slowdown in China.

    According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873.

  3. #43
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    Technical Overview of NZD/USD and USD/JPY Currency Pair

    NZD USD
    NZD traded lower against USD and closed at 0.6271.

    • NZD/USD rebounding after staging key reversal lower yesterday
    • Pair is up close to 0.59% from the NY close and nearing 0.6300
    • Move up coincided with speech by RBNZ Governor Orr
    • Orr says rates will remain low for long time, but QE unlikely
    • Adds that low rates provides excellent investment opportunities
    • Resistance at 10-day MA at 0.6314 and break eases downward pressure Bank of America Merrill


    Gross Domestic Product q/q (GDP) is a monetary valuation of all goods and services produced in the United States in the given quarter compared with the previous one minus the price of goods and services used in production.

    The GDP calculation equation includes consumer spending, government spending, amount of all investments (including capital expenditures for activities) and total net export of the country.

    GDP is the indicator of the country's economy and population living standards. A regular inflation adjustment allows for a valid comparison of the current value with the previous one. Thus, the country's GDP can be displayed as a percentage of the previous year or quarter. This is handy for measuring the economic growth rate.

    GDP growth can have a positive effect on dollar quotes. According to the Analysis, pair is expected to find support at 0.6264 and a fall through could take it to the next support level of 0.6245. The pair is expected to find its first resistance at 0.6328 and a rise through could take it to the next resistance level of 0.6347.

    USD JPY
    USD traded lower against JPY and closed at 107.76.

    Bank of America Merrill Lynch Global Research discusses USD/JPY outlook and maintains a structural bearish bias

    The bar is high for the BoJ to cut the policy rate and the USD/JPY level is likely to be a key variable. We would sell USD/JPY (and vol) if it rallies on expectations for the BoJ from the current level.

    The likelihood of the BoJ's rate cut would increase if USD/JPY sells off to 104-105, accompanying weakness in risk assets. However, we do not think a mere 10bp rate cut would contain the pressure. We expect the market to test the BoJ in such a scenario and volatility will rise," BofAML notes.

    "But the combination of fiscal easing, rate cut with supplementary measures, and more purchases of foreign assets by public/semi-public institutions, may prove effective in weakening JPY," BofAML adds.
    BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.
    If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.
    According to the Analysis, pair is expected to find support at 107.20 and a fall through could take it to the next support level of 106.99. The pair is expected to find its first resistance at 107.86, and a rise through could take it to the next resistance level of 108.07.

    Important Economic Events of the Day


    • JPY: BoJ Governor Kuroda Speech
    • USD: United States Gross Domestic Product (GDP) q/q
    • EUR: ECB President Draghi Speech
    • GBP: BoE Governor Carney Speech
    • USD: Pending Home Sales m/m
    • MXN: Bank of Mexico Interest Rate Decision

    For More information about the release time of news and its impact visit Economic Calendar Page!

  4. #44
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    Technical Overview of GBP/USD and EUR/USD Currency Pair

    GBP USD

    GBP traded higher against USD and closed at 1.2322.

    • Modest flow, +0.1%, at top of a very tight 1.2320/28 range, EUR/GBP -0.1%.
    • Boris's top adviser Cummings; Brexit chaos 'A walk in the park'.
    • EU's Juncker says he and Barnier doing everything possible to get a deal.
    • Britain will be responsible if they exit EU with no Brexit deal.
    • Over a third of small UK companies fear no-deal Brexit hit, FSB.
    • Close below 1.2344, 38.2% of Sept bounce and 1.2351 21 DMA is bearish.
    • Momentum studies, 5 & 10 DMA's fall - next stop is 1.2271 50% Sept rise.


    According to the Analysis, pair is expected to find support at 1.2307 and a fall through could take it to the next support level of 1.2289. The pair is expected to find its first resistance at 1.2367 and a rise through could take it to the next resistance level of 1.2385.

    EUR USD

    EUR traded lower against USD and closed at 1.0921.

    CIBC Research discusses the USD outlook and the Fed rate call expectations. CIBC targets the USD index DXY at 98.9 by year-end and at 95.6 by Q2 of 20120.

    "We share the view of many FOMC speakers that rate cuts will be a bit shallower than markets anticipate, with the rate cuts in July and September to be followed by one more 25 bp ease in December, and then a pause," CIBC notes.

    "While US data has been a mixed bag, the economy has yet to have a quarter of growth below its non-inflationary potential. American consumers are in a healthy position based on an ample savings rate, low monthly financial obligations, and ongoing labor income growth. That underlying resilience, while not preventing a further slowing in growth, should be bullish for the dollar against overseas currencies in the very near-term, given the deeper risks to growth abroad (i.e. China and Europe), as well as uncertainty surrounding Brexit and trade, that will propel safe haven inflows in the greenback.

    Over a longer time horizon, an easing in the appetite for such flows should see DXY give back some of its strength. For that, we’ll need some fiscal stimulus in Europe to reduce its dependence on negative yields, and an easing in US-China trade tensions. Any reduction in the attractiveness of US assets as a safe haven serves to weaken the greenback, given America’s persistent current account deficit," CIBC adds.

    According to the Analysis, pair is expected to find support at 1.0911 and a fall through could take it to the next support level of 1.0898. The pair is expected to find its first resistance at 1.0955, and a rise through could take it to the next resistance level of 1.0968.

    For More information about the release time of news visit here: https://xtreamforex.com

  5. #45
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    Technical Overview of USD/JPY and USD/CNY Currency Pair

    USD JPY

    USD traded lower against JPY and closed at 107.92
    USD/JPY is currently trading largely unchanged on the day at 107.93, having faced rejection at 108.00 in Asia. The psychological resistance proved a tough nut to crack despite the uptick in the futures on the S&P 500.
    According to the Analysis, pair is expected to find support at 107.88 and a fall through could take it to the next support level of 107.85. The pair is expected to find its first resistance at 108.00 and a rise through could take it to the next resistance level of 108.03.

    USD CNY

    USD traded higher against CNY and closed at 7.1218.

    According to the Analysis, pair is expected to find support at 7.1192 and a fall through could take it to the next support level of 7.1146. The pair is expected to find its first resistance at 7.1344, and a rise through could take it to the next resistance level of 1.1390.

    Important Economic Events of the Day


    • JPY: Retail Sales m/m
    • CNY: China Manufacturing Purchasing Managers Index (PMI)
    • CNY: China Non-Manufacturing Purchasing Managers Index (PMI)
    • GBP: United Kingdom Gross Domestic Product (GDP) q/qUSD: Pending Home Sales m/m

    For More information about the release time of news and its impact visit Economic Calendar Page!

  6. #46
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    Technical Overview of AUD/USD and USD/CAD Currency Pair

    AUD USD

    AUD traded lower against USD and closed at 0.6749.
    The bid tone around the US dollar strengthened across the board, now pushing AUD/USD back into the red to hit four-week lows near 0.6740. The focus now shifts to the RBA rate decision while poor Australian housing data and US-China trade uncertainty continue to weigh.

    According to the Analysis, pair is expected to find support at 0.6743 and a fall through could take it to the next support level of 0.6736. The pair is expected to find its first resistance at 0.6765 and a rise through could take it to the next resistance level of 0.6772.

    USD CAD

    USD traded higher against CAD and closed at 1.3239.

    With its failure to cross 1.3263/65 resistance-confluence, USD/CAD drops back towards near-term horizontal support as it trades near 1.3240 during the Asian session on Tuesday. Three-week-old horizontal-line restricts immediate downside.

    According to the Analysis, pair is expected to find support at 1.3228 and a fall through could take it to the next support level of 1.3220. The pair is expected to find its first resistance at 1.3256, and a rise through could take it to the next resistance level of 1.3264.

    Important Economic Events of the Day


    • JPY: Bank of Japan (BoJ) Tankan Large Manufacturing Index
    • JPY: Bank of Japan (BoJ) Tankan Large Non-Manufacturing Index
    • AUD: Reserve Bank of Australia (RBA) Interest Rate Decision
    • AUD: Reserve Bank of Australia (RBA) Governor Lowe Speech
    • CAD: Canada Gross Domestic Product (GDP) m/m
    • USD: ISM United States Manufacturing Purchasing Managers Index (PMI)

    For More information about the release time of news and its impact visit Economic Calendar Page!

  7. #47
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    Why Would Forex Traders Use Forex VPS hosting servers?

    VPS or Virtual Private Servers are software’s used by many computer users for many industries businesses and personal uses. VPS are becoming popular among Forex users because they offer an entirely independent operating system for forex trading.

    Using a VPS for your Forex trading can be very efficient if you only have a desktop, or you do not like trading on your lap top or smaller devices. The VPS can be accessed through any computer as long as there is a network connection. So whether you are in the office, at a friend’s house, at a hotel or abroad, you can turn any computer into your own by accessing your VPS and executing your trades.

    If you use a trading Robot the VPS can continue trading even if your power goes off. So in the case that you are using a VPS then once the power is cut off you don’t have to worry about what will come out of your positions, because the VPS will still be functioning even if you cannot see it.

    When you purchase a VPS from a reputable company you will also receive a security package, and constant security check ups to make sure your VPS’s security is up to date, this way you know you’re trading won’t be effected by a problem or a virus on your computer.

    VPSs are much faster than a computer, and they will be much faster at transmitting orders than your computer. So by using a VPS you will be avoiding any form of slippage, and avoid any cases of losing money.

    A VPS needs to have a good RAM to take the bare minimum of disk space on your computer, and even though it may be costly it is cheaper than buying an entirely new device to trade on and on the long run it can prove to be efficient.

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  8. #48
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    Technical Overview of EUR/USD and AUD/USD Currency Pair

    EUR USD

    EUR traded lower against USD and closed at 1.0964.
    EUR/USD again aims for 1.0987 resistance - confluence while taking the bids to 1.0980 amid the initial trading session on Friday. 23.6% Fibonacci retracement, immediate support-line questions pair’s declines.

    According to the Analysis, pair is expected to find support at 1.0949 and a fall through could take it to the next support level of 1.0935. The pair is expected to find its first resistance at 1.0993 and a rise through could take it to the next resistance level of 1.1007.

    AUD USD

    AUD traded higher against USD and closed at 0.6741.

    AUD/USD is keeping gains despite the weaker-than-expected Aussie retail sales data. The pair may extend gains on dovish Federal Reserve expectations. RBA's Financial Stability Report cites housing market as key risk to the economy.

    According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6701. The pair is expected to find its first resistance at 0.6753, and a rise through could take it to the next resistance level of 0.6765.

    Important Economic Events of the Day


    • AUD: Australia Retail Sales m/m
    • USD: United States Nonfarm Payrolls
    • CAD: Ivey Canada Purchasing Managers Index (PMI)
    • USD: Federal Reserve System (Fed) Chair Powell Speech

    For More information about the release time of news and its impact visit Economic Calendar Page!

  9. #49
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    Technical Overview of GBP/USD and EUR/USD Currency Pair

    GBP USD

    GBP traded lower against USD and closed at 1.2217.

    GBP/USD remains within its 1.1950-1.2600 September range, but the downside looks vulnerable unless there is a surprise Brexit breakthrough, or a rout in the USD.

    Since becoming PM, Johnson has been accused of talking to his Brexiteer electorate, rather than negotiating with the EU. His repetition of key phrases such as the 'surrender bill', used to describe the law making a hard Brexit illegal on Oct 31, is a case in point - this strategy was successful in the 2016 Brexit referendum.

    Johnson insists the UK will exit the EU without a deal on Oct 31, but he committed in court to respect the law.

    The GBP/USD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow band just above one-month lows set in the previous session. The incoming Brexit headlines might continue to influence ahead of FOMC meeting minutes.

    According to the Analysis, pair is expected to find support at 1.2199 and a fall through could take it to the next support level of 1.2174. The pair is expected to find its first resistance at 1.2281 and a rise through could take it to the next resistance level of 1.2306.

    EUR USD

    EUR traded higher against USD and closed at 1.0954.

    EUR/USD is reporting moderate gains, having defended key MA support. Fed's Powell said the central bank's balance sheet will expand again. American Dollar may find bids if the Fed minutes highlight growing split among policymakers.

    According to the Analysis, pair is expected to find support at 1.0945 and a fall through could take it to the next support level of 1.0932. The pair is expected to find its first resistance at 1.0987, and a rise through could take it to the next resistance level of 1.1000.

    Important Economic Events of the Day


    • USD: Fed’s Chair Powell Speech
    • USD: FOMC Minutes

    For More information about the release time of news and its impact visit Economic Calendar Page!

  10. ARIONFORXtarder
 

 
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