We expect the USD to remain better supported into the Wednesday FOMC decision and beyond, with tighter policy conditions lifting the USD, particularly against those currencies where monetary policy is poised to lag...
Against the backdrop of a strengthening dollar, gold quotes are declining. Thus, XAU/USD is trading near the 1880.00 mark, approaching the important support levels of 1873.00, 1858.00, 1851.00...
EUR/USD: Euro Updates Five-Year Low, We Are Waiting for the Fed (FOMC) Meeting ● The DXY index that measures the US dollar against a basket of six other major currencies updated its 20-year high on Thursday, April 28...
Today, on the last trading day of the week and month, investors will pay attention to the publication at 12:30 and 14:00 (GMT) of another block of important macro statistics for the United States, among which is the core personal spending price index (PCE) for April (Fed uses the PCE annual core...
The current documentation is created for the library available via the following link in the Market: https://www.mql5.com/en/market/product/74587 . The script with examples of use of the mentioned functions is attached in the bottom of the current page...
ETHUSD: Rounding Bottom Pattern Above $2,700 Ethereum was unable to sustain its bullish momentum this week, and after touching a high of $3,036 on April 26th started to decline against the US dollar...
Markets have another busy day ahead in terms of earnings and data. The US Q1 GDP print is expected to show growth of 1.0%, down from 6.9% in Q4...
"The possibility of a 50 basis point rate hike will be considered" at the May meeting of the Open Market Committee (FOMC), Fed Chairman Jerome Powell said last week...
What is The Commitment of Traders (COT)? The Commitment of Traders (COT) report is a weekly publication of net positions in the future market that is released on Fridays by CFTC commission...
Risk Sentiment, Fear or Greed! Risk sentiment is an indicator that is used to describe how financial market traders feeling about Risk...
About retail traders: There are on average almost $4 billion of forex spot transactions on a daily basis...
How Bond Yields Affect Currency Movements A bond is an “IOU” issued by an entity when it needs to borrow money. These entities, such as governments, municipalities, or multinational companies, need a lot of funds in order to operate so they often need to borrow from banks or individuals like you...
President Xi called for an “all out” push on infrastructure spending to lift the economy, helping juice commodities. But tight lockdown measures remain a significant headwind for mainland economic momentum. The data calendar is quite light today (US Wholesale Inventories and Pending Home Sales...
Apparently, the DXY dollar index may soon exceed a two-year high and rise above 103.00. At the time of writing, the DXY index was near 102.58, just below today's high of 102.77...
Dear Traders, Due to the Labour Day in Hong Kong on 1st May, and the Early May Bank Holiday in the UK on 2nd May, you will experience the following changes in the trading hours schedule (all times are GMT+3): Friday, April 29 Indices: Hong Kong 50 (#HSI): trading till 22:00; UK100 (#UK100): tradi...
Despite the fact that the franc enjoys the status of a defensive asset and is strengthening against other major currencies, it continues to weaken against the US dollar. Thus, the USD/CHF pair today updated another high since July 2020, exceeding 0...
Most trading systems based on MQL have closed settings for their users. This is a kind of black box that you will never open. On the one hand, it is safe, because. You will always hope for the best and will not be able to fix anything in the settings...
Both the euro and the pound are currently weak against the dollar. Considering the general downtrend of EUR/GBP, which formed at the beginning of 2021, the current growth of the pair should be considered as a correction for now. It may still continue to the resistance levels of 0.8450, 0.8480...
Good afternoon! Automated trading systems allow you to set specific rules for entering and exiting a position, which will be automatically executed. Thus, the system will analyze the market in search of opportunities to sell or buy, based on the rules that the user has put into it...
