xtreamforex

Forum Replies Created

Viewing 12 posts - 31 through 42 (of 42 total)
  • Author
    Posts
  • in reply to: Daily Forex News By Xtreamforex.com #4529

    xtreamforex
    Participant

    Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

    EUR USD

    The EUR traded lower against the USD and closed at 1.1308.

    ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.

    Index growth may have a positive impact on euro quotes.

    According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.

    Previous Day range was 44.7 and Current Day Range is 19.8.

    GBP USD

    The GBP traded lower against the USD and closed at 1.2919.
    Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.
    An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.
    The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.

    GBP USD previous Day range was 46.1 and Current Day Range is 29.6.

    USD CHF

    The USD traded higher against CHF and closed at 1.0038.

    Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed’s monetary policy.
    Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

    According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104. The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.

    USD CHF previous day range was 27.3 and current day range is 17.9.

    in reply to: XtreamForex Company News #4519

    xtreamforex
    Participant

    Meaning of STP Forex Broker

    There are different types of Forex companies. To be more specific there are two. A Market Maker, and an STP Broker. The ‘type’ refers to the method with which a company executes its orders and provides its prices.

    An STP broker stands for Straight Through Processing. Forex companies which operate as STP brokers execute their orders without a dealing desk or third party intervention, which means information that has been electronically entered to be transferred from one party to another is not manually re-entered repeatedly over the entire sequence of events.

    When an STP broker receives a client’s order, the order automatically gets passed to the liquidity provider with whom the Forex broker is working. The liquidity provider is a financial institution such as bank or a hedge fund and in some cases any company which is licensed to be a liquidity provider. Some Forex brokers have several liquidity providers, and that means they can offer better services. A lot of STP brokers will use Banks which trade on the Interbank market as their liquidity providers. The Interbank market is the top level Forex market where banks exchange different currencies.

    The fact that there is no dealing desk intervention assures that there will be no delays in the execution of orders, and no re-quotes will be sent to clients, and that is a big advantage for traders because it means they will be receiving real time prices, and be able to trade during the release of financial news without restrictions.

    in reply to: Daily Forex News By Xtreamforex.com #4466

    xtreamforex
    Participant

    Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs

    USD CAD

    The USD traded higher against the CAD and closed at 1.3292.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country’s manufacturing sector. The indicator can also be used to forecast the current period’s GDP.

    A higher than expected reading can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.

    Previous Day range was 111.3 and Current Day Range is 23.5.

    EUR USD

    The EUR traded higher against the USD and closed at 1.1294.

    ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.

    The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.

    EUR USD previous Day range was 59.2 and Current Day Range is 12.8.

    USD CHF

    The USD traded higher against CHF and closed at 1.0047.

    Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).

    The Fed uses this report for evaluating inflation and the country’s manufacturing sector. The indicator can also be used to forecast the current period’s GDP.

    A higher than expected reading can have a positive effect on dollar quotes.

    According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.

    USD CHF previous day range was 53.4 and current day range is 13.3.

    in reply to: XtreamForex Company News #4439

    xtreamforex
    Participant

    #XtreamForex #Webinars
    Get all your questions answered LIVE!

    ➡️Boost your trading skills and Power your trades with industry tips and knowledge

    ➡️Traders of all levels of experience can learn from this opportunity

    ➡️Our Market expert Mr. Balasubramaniam will analyze forex, commodity

    ➡️Starts From 26 February (14:30 GMT) onwards

    Register for FREE now!

    XtreamForex Webinars

    in reply to: Daily Forex News By Xtreamforex.com #4426

    xtreamforex
    Participant

    Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs

    AUD USD

    The AUD traded lower against the USD and closed at 0.7061.

    The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

    A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

    According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

    Previous Day range was 50.9 and Current Day Range is 33.5.

    USD CAD

    The USD traded lower against the CAD and closed at 1.3301.

    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.

    The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

    USD CAD previous Day range was 56.9 and Current Day Range is 27.

    USD JPY

    The USD traded higher against JPY and closed at 110.367.

    Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

    Industrial production growth may have a positive effect on yen quotes.

    According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

    USD JPY previous day range was 6950 and current day range is 3020.

    in reply to: Xtreamforex :Forex learning for newbies #2931

    xtreamforex
    Participant

    #XtreamForex Offers
    Multilingual Customer Support
    24 Hours 5 Days in a Week
    Get Registered With XtreamForex Today!
    https://www.xtreamforex.com/client/create-account
    #trading #forex #crypto #market #investor #news #price #money #currencynews

    in reply to: Xtreamforex :Forex learning for newbies #2930

    xtreamforex
    Participant

    #XtreamForex Offers

    Multilingual Customer Support
    24 Hours 5 Days in a Week
    Get Registered With XtreamForex Today!

    #trading #forex #crypto #market #investor #news #price #money #currencynews

    in reply to: Daily Forex News By Xtreamforex.com #2890

    xtreamforex
    Participant

    Key Highlights of Cardano’s ADA Technical Analysis

    It’s an unhurried beginning for Cardano’s ADA early on, but should the extensive market hold onto early increase, a run at $0.06 levels could be on the cards.

    Key Highlights
    • Cardano’s ADA dropped by 15.5% on Monday, following on from last week’s 19.1% slide, to end the day at $0.0527.
    • The day’s first most important confrontation level at $0.0638 was left unproven with a start of a day intraday high $0.06242.
    • A day long sell-off saw Cardano’s ADA slide through the day’s foremost support levels to an intraday low $0.05079 ahead of finding support at $0.0500.
    • The extended bearish movement was reaffirmed with a new move to and fro lo $0.05079, with Cardano’s ADA also continuing to fall well short of the 23.6% FIB Retracement Level of $0.1305.

    Price Support of Cardano’s ADA

    Cardano’s ADA dropped by 15.5% on Monday, following on from a 19.1% slide from side to side last week, to end the day at $0.0527.

    It was a predominantly bearish day at the begin of the week, with Cardano’s ADA following the extensive market in a mass sell-off, sliding from a start of a day intraday high $0.06424 to a late afternoon intraday low and new swing lo $0.05079 earlier than finding support.

    The day long sell-off saw Cardano’s ADA fall through the day’s most important support levels with qualified ease, Cardano’s ADA not capable to break back from end to end the day’s third main support level at $0.0567 by the day’s end, support at $0.0500 avoiding heavier losses on the day.

    A new move back and forth lo $0.05079 reaffirmed the comprehensive bearish trend formed at early May’s swing hi $0.38845, with Cardano’s ADA falling well short of the 23.6% FIB Retracement Level of $0.1305 and more prominently for the crypto bulls, the 38.2% FIB Retracement Level of $0.1798.

    At the time of writing, Cardano’s ADA was up 0.35% to $0.052883, a reasonably range jump start to the day seeing Cardano’s ADA rise to a start of a day morning high $0.05375 prior to easing back to a morning low $0.052, the moves through the early morning leaving the day’s main support and resistance levels untested.

    For the day ahead, a move back through the morning high $0.05375 to $0.0553 would support a run at the day’s first major resistance level at $0.0598, with Cardano’s ADA lagging the broader market early on, supporting a possible catchup move should sentiment remain positive through the late morning, though we can expect plenty of resistance at $0.060 to pin Cardano’s ADA from more material gains.

    Failure to maneuver through the morning high $0.05375 to $0.0553 might see Cardano’s ADA come back on the spot later within the day, with a pullback through the morning low $0.052 conveyance Monday’s swing lo $0.05079 and sub-$0.050 levels into play before any recovery, the day’s 1st major damage at $0.0482 possible to stop a additional material reversal within the event of a broad primarily based crypto sell-off later within the day.

    in reply to: Daily Forex News By Xtreamforex.com #2889

    xtreamforex
    Participant

    Factors Indicating Major Top – U.S. Dollar

    The combination of the tame inflation report, comments from Fed Chair Powell on cooling international demand and the dovish comments from Fed Vice Chair Clarida defining that the Fed is acquiring closer to neutral, are all signs the Fed may slow its speed of rate treks and this should be bearish for the U.S. Dollar.
    Last week, the U.S. Dollar stopped up lower against a basket of the currencies. Nevertheless, it wasn’t a regular weakness, it was a technical finishing price exchange top, which means the selling was sober. If proved this week, we could see begin of a two to three-week rectification. Additionally, if the selling demands makes physically powerful over the near-term, we could even see alteration in trend to down.

    Last week, the December U.S. Dollar Index settled at 96.333, down 0.401 or -0.41%.
    Even though it is frequently said, that technical analysis precedes the fundamentals, this time the probably bearish chart example appears to be working in sync with a change in the fundamentals.
    For years, we’ve read that the dollar is being supported by the difference of opinion in economic policy between the hawkish U.S. Federal Reserve and the dovish central banks. In other words, rising U.S. interest rates at a time when several central banks are still holding rates at historically low levels, have made the dollar a highly desirable asset.

    We’ve also read that at times, the dollar was being treated as a safe-haven asset. The “go to” asset throughout times of financial pressure. This has been a well-liked asset theme in 2018 because of the heightened volatility in the stock market, political uncertainty in Washington and geopolitical indecision over Brexit and the simmering tension between Italy and the European Union. Moreover, the pressure created from the remaining trade dispute between the United States and China, has also illustrate investors into the relative safety of the U.S. Dollar.

    Dollar fight backs at 16-month High

    Early last week, the U.S. Dollar hit a 16-month high against a basket of currency. The move happened without much fanfare because investors have gotten used to the stronger dollar. The early rally was fueled by safe-haven flows ignited by political uncertainties in Europe and fears of an international financial brake.
    The headlines told us that investor self-confidence had been eroded by “bitter trade tensions between the United States and China, fears of a no-deal Brexit, and a confrontation between Rome and Brussels over Italy’s deficit-deepening financial statement.”

    Three Factors Pressured the U.S. Dollar Last Week

    The dollar index started strong on Monday, but many investors discounted the move because it was a U.S. holiday. Tuesday, the dollar index came to an end lower but inside the preceding day’s range. On Wednesday, the selling started. This move set the tone for the rest of the week.
    What happened Wednesday that changed investor response?

    Inflation May Not Be Overheating

    The administration reported that U.S. consumer prices amplified by the majority in nine months in October. The report showed that the increase was supported by increase in the price of gasoline and rents. This further supported the conception that progressively rising inflation would likely keep the Federal Reserve on track to raise interest rates again in December.

    Despite this potentially bullish news, the dollar finished lower. The reason for this was the news was stale. It didn’t reproduce the slouch in crude oil and gasoline prices. So moving further, we expect to see overall inflation slow in the months ahead. This news may also be a suggestion that inflation is not overheating. It may also put less pressure on the Fed to raise rates forcefully in 2019.

    Powell Sees Risks Ahead

    Comments from Federal Reserve Chairman Jerome Powell may have also weakened the U.S. Dollar. He said on November 14 that the financial system is performing well, but he sees potential risks in front. These risks contain a hold up in worldwide growth, the fading impact from tax cuts and the cumulative weight of the Fed’s own tightening financial policy.

    Fed’s Clarida May Have Sealed Dollar’s Fate

    On Friday, the dollar index chop down further, leading to the lower weekly close. The greenback sold off after Fed Vice-Chair Richard Clarida cautioned on global growth. Clarida said the Fed is getting closer to neutral and that there is “some evidence” that the international financial system is slowing.

    The outlook for Dollar Bearish

    The combination of the tame inflation report, comments from Fed Chair Powell on cooling global demand and the dovish comments from Fed Vice Chair Clarida stating the Fed is getting closer to neutral, are all signs the Fed may slow its pace of rate hikes and this should be bearish for the U.S. Dollar.For more information visit us:- https://www.xtreamforex.com/academy/factors-indicating-major-top-u-s-dollar/

    in reply to: Xtreamforex :Forex learning for newbies #2446

    xtreamforex
    Participant

    Finding The Right Forex Broker
    There are a few points to pay attention to when looking for the right Forex Company to trade with.
    Registration
    Make sure that the Forex company you want to work with is registered and liscensed to the corresponding regulatory bodies. A registered company will have their license number up on the website, and you can check the license number on the website of the authority it should be listed on. If that does not check-up then the company could be fraud, and likely to scam you out of your money.
    Prices
    Each Forex broker offers different prices for each currency pair, some offer much lower prices for their pairs and that gives you the chance to trade with more currency pairs, and do overall more trading with less money. A lot more factors play into the prices, and different traders may prefer to focus on different things, however if you are a new trader, then going for lower prices will help you invest less as you start trading.
    Demo Account
    Forex Companies should offer a free Demo account which you can use for a period of time and get used to their platform, their customer service and experience what it would be like to be their clients before investing your money with them. Most companies offer a Demo account and if they don’t, they need to have a give you a good reason for not offering a Demo account, otherwise move onto the next one.

    in reply to: Xtreamforex :Forex learning for newbies #2445

    xtreamforex
    Participant

    Finding The Right Forex Broker
    There are a few points to pay attention to when looking for the right Forex Company to trade with.
    Registration
    Make sure that the Forex company you want to work with is registered and liscensed to the corresponding regulatory bodies. A registered company will have their license number up on the website, and you can check the license number on the website of the authority it should be listed on. If that does not check-up then the company could be fraud, and likely to scam you out of your money.
    Prices
    Each Forex broker offers different prices for each currency pair, some offer much lower prices for their pairs and that gives you the chance to trade with more currency pairs, and do overall more trading with less money. A lot more factors play into the prices, and different traders may prefer to focus on different things, however if you are a new trader, then going for lower prices will help you invest less as you start trading.
    Demo Account
    Forex Companies should offer a free Demo account which you can use for a period of time and get used to their platform, their customer service and experience what it would be like to be their clients before investing your money with them. Most companies offer a Demo account and if they don’t, they need to have a give you a good reason for not offering a Demo account, otherwise move onto the next one.

    in reply to: Xtreamforex :Forex learning for newbies #2426

    xtreamforex
    Participant

    How do I manage risk in Forex trading?
    The most common risk management tools in Forex trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor’s position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed.

Viewing 12 posts - 31 through 42 (of 42 total)