EUR/USD: Words Drive Trends ● The main drivers of the past week were statements by important ECB and FRS officials. However, the beginning of the five-day period was relatively calm: the Easter weekend had its effect...
AUD/USD gained bearish momentum below the 0.7400 support zone. NZD/USD started a major decline after it faced sellers near 0.6815. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline after it struggled near 0.7450 against the US Dollar...
Our main scenario still assumes a decline in GBP/USD. The signal for the resumption of short positions may be a breakdown of today's minimum and the local support level of 1.2865 (the lower limit of the descending channel on the weekly chart...
Good afternoon ! In the MQL market, any strategy is based on predicting the future. It doesn't matter whether it's a Grid or a Martingale or just a great overnight scalper system. We are always trying to predict the future, even when we are driving or hoping for a better night's sleep...
According to data released today by Eurostat, the consumer price index (CPI) rose by 2.4% in March (against a preliminary estimate of 2.5%) and by 7.4% (in annual terms) after rising by 5.9% in February...
Dear Traders! Please note that due to the ANZAC Day on 25 April, 2022 , trading hours for some financial instruments will be changed as follows: Monday, April 25 Indices: Australia 200 (#AUS200): trading starts at 10:10 (GMT+3)... More info: FXOpen...
Despite the sharp rise at the beginning of today's European session, EUR/GBP remains in the zone below the important long-term resistance levels 0.8450, 0.8625, maintaining a tendency to further decline...
The STP Trade Manager is a utility tailored to the ST Patterns strategy by Vladimir Poltoratskiy ( www.stpatterns.com ) While specifically made for this strategy, it can also be used for other trade management. Especially when you have a need for quickly making trades and risk management...
Of the news for today, which may increase volatility in the market, market participants will pay attention to the publication (at 12:30 GMT) of statistics on the dynamics of home construction in the US in March...
During a recent (April) meeting, the RBA kept its key interest rate at 0.10%, but radically revised its forecasts, acknowledging that the economy is performing much better than the bank expected...
After the last analysis ( https://www.mql5.com/en/blogs/post/748696 ), the gold reached the Omega Indicator's take-level 4 in almost 10 days. The resistance level at the 2000 mark isn't a hard level to break (considering it was broken fairly easily the last time...
Every trader has faced a situation when the quote of a currency pair began to move sharply and this movement was not always in favor of the trader. Faced with such a situation for the first time, I found that news came out, which affected the course in a significant way...
EUR/USD: Fed's Apples and ECB's Oranges ● The dollar continues to strengthen, while the EUR/USD pair moves down. A week's low was recorded at 1.0757 after the ECB meeting on Thursday, April 14. After correction, the final chord, sounded at around 1.0808...
Forex market is open 24 hours during the week including a part of the weekend depending on the city or country you stay. Being a decentralised market, there is no exact hours for forex trading...
Banks and stock exchanges in Catholic countries are closed today on the occasion of Good Friday. All important macro statistics, which are usually published on Friday, were published on Thursday. In particular, yesterday's preliminary consumer sentiment index of Americans in April amounted to 65...
According to data provided by the Ministry of Labor, the annual consumer price index (CPI) rose in USA to 8.5% in March (against 7.9% in February), the highest value in 41 years. As the data show, CPI has grown at the fastest pace since December 1981. The value of 8...
Soaring energy prices that have increased inflationary pressures, weakening consumer confidence and negative real wage growth in the Eurozone make the ECB's task of finding a balance between stimulating weakened economic activity and containing inflationary pressures much more difficult...
BTCUSD: Double Bottom Pattern Above $39,000 Bitcoin was unable to continue its last week’s bullish momentum and started to decline after touching a high of $47,184 on April 5th. Bitcoin broke the $40,000 support and touched a low of $36,210 in today’s Asian trading session...
