Yesterday at GMT 12:30 PM, US durable goods orders data was published by the US Census Bureau. The report suggested that durable goods orders increased $5.0 billion or 2.2 percent to $229.4 billion in February, exceeding the expectations of 1.0% rise. The outcome was encouraging as this upturn is after two consecutive declines. The setback … “USDCAD lower on Mixed US Durable Goods, GDP next”
Category: Forex Bits
CPattern Launches Account Monitoring & Control System for Binary
CPattern, which specializes in real time trading analytics for forex brokers, has launched the AMC: Account Monitoring and Control system, which allows focusing on traders that need the most attention. Here are more details from the press release: Binary Options brokers can now easily monitor their account’s behavior in real time. CPattern is proud to … “CPattern Launches Account Monitoring & Control System for Binary”
STIG Trader released – new MT4 based trade managed
A new trade management software program for MT4-based traders has launched. It works as a trading aid for professional and novice traders to manage the manual training process, but also integrates with fully-or semi-automated trading systems, ultimately freeing up the trader’s time to focus on the trading process and spot trading opportunities. For more details, … “STIG Trader released – new MT4 based trade managed”
EURUSD: Closes Lower On Sell Off
EURUSD: With EUR triggering weakness the past week to close lower at the end of the week, further decline is likely. However, we are watching out for signs of corrective recovery in the new week. Support lies at the 1.3749 level. Further down, support comes in at the 1.3685 level where a violation will target … “EURUSD: Closes Lower On Sell Off”
EURGBP – Halts Weakness, Eyes Further Strength
With EURGBP halting its weakness and triggering corrective recovery higher, the risk is for more strength to occur. Immediate upside target resides at the 0.8397 level where a breach will set the stage for a run at the 0.8450 level and subsequently the 0.8500 level, its psycho level. Its daily RSI is bullish and pointing … “EURGBP – Halts Weakness, Eyes Further Strength”
EURUSD: Declines, Follow Through Lower
EURUSD: With EUR extending its sell off during Thursday trading session today, further weakness is expected in the days ahead. On the downside, support lies at the 1.3700 level and then the 1.3631 level. Below here will aim at the 1.3561 level. Further down, support comes in at the 1.3500 level. Its daily RSI is … “EURUSD: Declines, Follow Through Lower”
Spotware wins legal battle against unlawful use of the
Financial technology provider Spotware, the company behind cTrader among other products, has won a legal battle against domain names who tried to benefit unlawfully from the cTrader brand. Spotware recently offered a netted accounts and hedged accounts under a single environment. For more about the case, here is the official press release: Spotware Systems Ltd, developers … “Spotware wins legal battle against unlawful use of the”
Japan Sales Tax and USD/JPY
April 1 this year will see the anticipated rate of sales tax in Japan rise from 5% to 8% and Prime Minister Shinzo Abe says he will make a decision later this year on whether to increase it further to 10% in 2015. This event has been the talk of the Japanese Yen traders during … “Japan Sales Tax and USD/JPY”
GOLD: Bearish, Extends Weakness
GOLD: With a second day of weakness occurring on Tuesday and GOLD following through lower during Wednesday trading session, further bearishness remains. Support comes in at the 1,319.20 level. This if taken out it will pave the way for a run at the 1,300.00 level. Below here will aim at the 1,280.00 level where bulls … “GOLD: Bearish, Extends Weakness”
USDCAD Weekly Triangle Pattern Trade Set-Up
WEDNESDAY 19th March 2014 – I’ve spoken on many occasions about the triangle resistance pattern on a weekly time frame on USDJPY. As we all know after the big move from under 0.78 in September 2012 to almost 104.00 by June 2013, it consolidated for most of the rest of 2013 and then finally broke … “USDCAD Weekly Triangle Pattern Trade Set-Up”