Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.06.26 10:43
We are going to have the following news event at 14:30 MQ server MT5 time :
2013-06-26 12:30 GMT | [USD - Gross Domestic Product (GDP)]
We are using same formula for trading/estimate the direction : if actual > forecast = good for currency (for USD in our case). Past data is 2.4% (according to the latest release); forecast data is 2.4%
U.S. GDP Grew Much Less Than Previously Estimated In Q1 :
In a major shock to
economists, the Commerce Department released a report on Wednesday
showing a substantial downward revision to the pace of U.S. economic
growth in the first quarter of 2013.
The Commerce Department said
its final reading on first quarter gross domestic product showed 1.8
percent growth, well below the previous estimate of a 2.4 percent
The sharp downward revision to the pace of GDP growth
came as a surprise to economists, who had expected the increase to be
A notable downward revision to the increase in consumer
spending contributed to the much weaker than previously estimated
We had the following news event at night:
2013-06-26 22:45 GMT | [NZD - Trade Balance]
This is high or medium impacted news event. We are using same formula for trading or to estimate possible direction of the trend : actual > forecast = good for currency (for NZD in our case):
New Zealand May Trade Surplus NZ$71 Million
New Zealand posted a merchandise trade surplus of NZ$71 million in
May, Statistics New Zealand said on Thursday, worth 1.7 percent of
exports. The headline figure was well shy of forecasts for a
surplus of NZ$427 billion following the upwardly revised surplus of
NZ$174 million in April (originally NZ$157 million).
"Lower goods exports to most destinations contributed to the overall
fall in export values," industry and labor statistics manager Louise
Holmes-Oliver said. "Australia and United States led this fall, which
was partly offset by the increase to China."
Just about 2 high/medium impacted news events which we had for today :
2013-06-27 08:30 GMT | [GBP - Current Account]
actual > forecast = good for currency (for GBP in our case)
2013-06-27 08:30 GMT | [GBP - Gross Domestic Product (GDP)]
This is small article about it :
U.K. Q1 Growth Confirmed At 0.3%; Disposable Income Plunges :
The U.K. economy
escaped recession in the first quarter as previously estimated, final
data from the Office for National Statistics showed Thursday. Disposable
income of households declined at the sharpest pace since 1987.
domestic product expanded 0.3 percent in the first quarter, reversing
last quarter's 0.2 percent contraction. Compared to the first quarter of
2012, the economy grew 0.3 percent, following nil growth in the prior
In a separate communique, the ONS said the current account deficit
widened to GBP 14.5 billion from GBP 13.6 billion in the previous
quarter. The deficit was equivalent to 3.6 percent of GDP.
USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging
newdigital, 2013.06.27 12:56
There are some other news events for today which may be reflected on the price movement :
2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)]
2013-06-27 14:00 GMT | [USD - FOMC Member Speaks]
2013-06-27 23:30 GMT | [JPY - National CPI Core]
2013-06-27 23:50 GMT | [JPY - Retail Sales]
So, be careful with trading.
Just about the following :
newdigital, 2013.06.27 14:34
We had the following news event for right now :
2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)
It was 37 pips to one direction :
U.S. Personal Income Rises More Than Expected In May :
Personal income in the U.S. rose by more than expected in the month
of May, according to a report released by the Commerce Department on
Thursday, with the report also showing an increase in personal spending
that matched economist estimates.
The report said personal income
rose by 0.5 percent in May after edging up by 0.1 percent in April.
Economists had been expecting income to increase by about 0.2 percent.
the Commerce Department said personal spending rebounded by 0.3 percent
in May following a 0.3 percent drop in the previous month. The increase
came in line with expectations.
U.S. Weekly Jobless Claims Fall Roughly In Line With Estimates :
First-time claims for U.S. unemployment benefits showed a modest
decrease in the week ended June 22nd, the Labor Department revealed in a
report on Thursday, with claims falling roughly in line with estimates.
report said initial jobless claims dipped to 346,000, a decrease of
9,000 from the previous week's revised figure of 355,000.
Economists had been expecting jobless claims to fall to 345,000 from the 354,000 originally reported for the previous week.
MetaTrader Trading Platform Screenshots
USDJPY, M5, 2013.06.27
MetaQuotes Software Corp., MetaTrader 5, Demo
A lot of talking in russian part of mql5 about bitcoints ... so I decided to place this news.
Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake :
The Silk Road’s founder, on the other hand, has taken on a much more
colorful identity within the community he’s created. In Silk Road’s
forums, he goes by the name Dread Pirate Roberts, and frequently posts
long political manifestos, “State of the Road” updates, love letters to
his users, and even hosts a Dread Pirate Roberts Book Club focusing on libertarian economics.
But neither has spoken to the public to the same degree as Atlantis,
both in its video ad and when the site’s CEO answered Reddit users
questions on a public forum earlier this month. When one Redditor asked
whether that publicity would attract a crackdown from law enforcement,
Atlantis’ CEO responded that “We want to bring attention to the site and
bring our vendors more buyers. Law enforcement is going to be aware of
us (and probably already is) regardless of the way we choose to put our
product out there.” When another Redditor asked how the Atlantis admin
was able to freely use Reddit without being arrested, the CEO responded
merely with the words “anonymity technology” and a link to Tor’s website
as well as the Wikipedia entry for virtual private networks.
But whether the anonymity protections of sites like the Silk Road,
Atlantis, or Black Market Reloaded can stand up to the surveillance
powers of the Drug Enforcement Agency and other federal investigators
remains an open question. One early attempt at an online drug
marketplace known as the Farmer’s Market was shut down and had its eight staffers indicted last year. And the U.S. government has been making moves towards regulating Bitcoin, seizing the funds of the U.S. intermediary for the biggest Bitcoin exchange Mt. Gox last month and sending cease-and-desist letters to the Bitcoin Foundation accusing it of engaging in unauthorized money transmission. In June Mt. Gox announced that it would only exchange Bitcoins for dollars with verified customers, requiring proof of identification and essentially ending anonymous use of the service for Americans.
But other Bitcoin services such as the direct peer-to-peer Bitcoin
trade service “LocalCoin” and money-laundering sites still allow users
to remove traces of their identity from the crypto-currency. The
administrators behind sites like Atlantis, for their part, don’t seem
particularly worried about the feds catching up with their digital drug
trade. “We did a lot of planning in relation to this and haven’t had any
security issues so far,” wrote the site’s CEO in his Reddit
conversation. “We take many measures to protect our identity.”
newdigital, 2013.06.28 08:42
This is Friday today and we are going to the the following news events :
2013-06-28 12:00 GMT | [USD - FOMC Member Speaks]
2013-06-28 12:00 GMT | [EUR - German CPI] ; previous data 1.5%; forecast is 1.7%
2013-06-28 13:45 GMT | [USD - Chicago PMI Index] ; previous data 58.7; forecast is 56.0
2013-06-28 13:55 GMT | [USD - University of Michigan Consumer Confidence Index] ; previous data 84.5; forecast is 82.8
Dollar gains on yen as traders eye yield differentials
The dollar scaled a
two-and-a-half week peak against the yen in Asia on Friday but
lost ground against the euro after two more Federal Reserve
officials sought to play down fears over the central bank's plan
to gradually reduce stimulus.
Traders said some last minute positioning ahead of the end
of the month and quarter helped the euro edge off a four-week
trough, although the common currency was still headed for its
second week of declines.
Investors turned positive on the dollar since Fed Chairman
Ben Bernanke last week laid out a roadmap for scaling back its
asset-buying stimulus programme if the economy continued to
That prompted major central bank policy makers to voice
their concerns this week. New York Fed President William Dudley
and Fed Governor Jerome Powell were the latest to attempt to
quell market nerves.
Dudley went as far as saying that recent market expectations
for an earlier rate rise are "quite out of sync" with the
statements and expectations of the policy-making Federal Open
Market Committee. His comments helped fuel further gains on Wall
Later Friday, markets await the Chicago PMI index, a
barometer of Midwest business activity and the final reading of
U.S. consumer sentiment for June.
German Retail Sales Rebound In May, Beat Forecasts
Retail sales in Germany
recorded a surprise improvement in May, cementing expectations that
private consumption will continue to remain one of the largest
contributors to economic growth backed by solid labor market conditions
and income expectations.
On a seasonally and calendar adjusted
basis, retail sales grew 0.8 percent month-over-month, faster than the
0.4 percent growth expected, data from the Federal Statistical Office
The outcome reversed the 0.1 percent drop in April
and represented the first improvement following three consecutive
Annually, retail sales rose 0.4 percent in real
terms in May, beating forecast for a 0.2 percent increase. However, the
growth was weaker than the 2.7 percent increase recorded for April.
Bundesbank expects economic activity to pick up strongly in the second
quarter. It projects a 0.3 percent expansion for this year and 1.5
percent growth in 2014. A rebound in consumer spending helped the German
economy dodge recession in the first quarter, with gross domestic product growth of 0.1 percent.
Just about the following news event which I traded today for EURUSD, USDCHF and USDJPY :
2013-06-28 12:00 GMT | [EUR - German CPI] ; previous data 1.5%; forecast is 1.7%; actual data is 1.8% according to the latest press release.
Germany June Inflation Rises More Than Expected :
Germany's EU harmonized inflation accelerated more than economists expected in June, latest data showed Friday.
as per the harmonized index of consumer prices (HICP) advanced to 1.9
percent in June from 1.6 percent in May, preliminary data released by
the Federal Statistical Office showed Friday. Economists had forecast a
more modest acceleration to 1.8 percent.
At the same time, the consumer price index moved up 1.8 percent annually
in June, after rising 1.5 percent in May and 1.2 percent in April.
Economists were looking for a figure of 1.7 percent.
Canadian dollar pares losses after Canadian GDP :
The Canadian dollar pared
losses against its U.S. counterpart early Friday after Canadian
data showed the economy grew 0.1 percent in April.
The currency strengthened to C$1.0476 to the U.S.
dollar, or 95.46 U.S. cents, regaining almost all of its
overnight losses. It finished Thursday's North American session
at C$1.0475 versus the U.S. dollar, or 95.47 U.S. cents.
newdigital, 2013.06.28 15:43
The other story for today was the news event for CAD:
2013-06-28 12:00 GMT | [CAD - German CPI] ; previous data 0.2%; forecast is 0.1%; actual data is 0.1% according to the latest press release.
USDCAD, M5, 2013.06.28