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Investors are returning from the northern summer lull. The global economy that greets them remains strong. For the first time since 2007 the world's major economies are enjoying simultaneous growth. In real terms global trade is at a record share of GDP...
Bank of America Merrill Lynch FX Strategy Research still expects the USD/JPY to rise into year-end but the top-heavy market may persist for now as tensions over US politics and the North Korean situation may deepen into September. "Our technical analysis sees potential downside into 106...
The past 4 to 5 months has been a very educational experience for me. I downloaded Meta trader 4 on my cell phone and got a demo account...
Nearing completion next period when Mercury is in retrograde motion. What is important during this period for financial markets? Why it is important? For you it is not an ordinary look at the Forex market. Astronomical review and analysis of possible events and their consequences for 36 weeks...
USDCHF: With the pair backing off lower prices to close higher the past week, more strength is envisaged in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
In this article I'll show you how to create a simple RSI strategy with Universalis MT4 strategy builder: EA is very powerful and simple to master at the same time, so this article will give you the basics of how to work with it and you can create much more complex strategies based on any standard...
In this article we will discuss why we need a trading plan and what main points it should contain for successful trading in the market. Chaotic and systemless trading is a kind of gambling and in the long-term such approach guarantees loss of funds and has nothing to do with trading...
The swing in USDCHF this week has been stomach turning. The North Korean missile test reintroduced geopolitical tensions forcing FX markets to rotate back into traditional safe-haven currencies against the USD (EURCHF was basic unmoved due to the nature of the conflict...
Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...
Major US stock indexes began the month with a slight increase. Investors are waiting for a monthly report on the US labor market, which will be published at 12:30 (GMT...
We are back from our holidays and warmly welcome you to the trading month of September. Despite the usual low liquidity during the summer months there was a clear trend in the market, namely the persistent weakness in the U.S. dollar...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, September 1st The EUR/USD pair continues to stay under selling pressure lately, however, having bounced off its weekly lows, marked yesterday at 1.1823 level...
USD/JPY The pair resumes the growth after falling on Thursday, as Forex traders are preparing to meet the US jobs report, which may change the look at the FED monetary policy. USD/JPY increased by 0.1% to 110.06 after a falling of 0.2% on Thursday. The pair increased by 0...
KN 2 20:24:32.232 JatincorellationEA (EURUSD,M1) cannot load indicator 'Moving Average' [4302] GG 2 20:24:32.232 JatincorellationEA (EURUSD,M1) cannot load indicator 'MACD' [4302] QK 2 20:24:32.232 JatincorellationEA (EURUSD,M1) cannot load custom indicator 'Price Channel' [4302] CN 2 20:24:32...
Strong macro data, received from the US at the beginning of today's US session, caused the growth of the main US stock indices. Nasdaq Composite climbed 18.00 points (0.30%), S & P500 rose 6.34 points (0.26%), DJIA started trading with an increase of 47.83 points (0.22...
It’s not absolutely necessary to be right more often than to be wrong to make your trading account grow. Discussing the principles of a trading plan development, we talked about the importance of risk and money management rules...
The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...
The US dollar received a much needed fresh boost yesterday amid the release of better-than-expected data from the world’s largest economy. Firstly, the second print on the second quarter GDP was revised to 3%q/q (annualised) from 2...
