Pound Resilience Shows House-Price Drop No Barrier to Rate Bets
The pound was about 0.4 percent from a 22-month high versus the euro amid bets a cooling housing market won’t be enough to prevent the Bank of England from being the first major central bank to increase interest rates.
Sterling was little changed versus the dollar after Rightmove Plc said house prices in England and Wales fell for the first time this year in July. The pound has been the best-performer in the past 12 months among a basket of 10 major currencies as a strengthening economy spurred bets central-bank officials led by Governor Mark Carney will increase borrowing costs in the first half of 2015. U.K. government bonds were little changed before a sale of 10-year debt tomorrow.
“Little has changed in terms of the structural direction and there should be further pound strength ahead,” said Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. “There is some profit taking on long sterling positions, some of the housing data may be coming in a little bit on the lighter side given the previous performance. But there’s more to come, there’s an underlying bid to the pound.”
A long position is a bet an asset’s value will increase.
Sterling was at 79.24 pence per euro at 5 p.m. London time after touching 78.89 on July 17, the strongest level since September 2012. The pound was little changed at $1.7066. It appreciated to $1.7192 last week, the highest since October 2008.
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Breakout Analyzer with Volume Critical
Strategy: Enter confirmed reversal setups Watch Video: (Click Here)Breakout Analyzer with Strength
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
U.K. Public Sector Net Borrowing 9.51B vs. 9.20B forecast
U.K. public sector borrowing fell less-than-expected in the last quarter, official data showed on Tuesday.
In a report, National Statistics Office said that U.K. Public Sector Net Borrowing fell to a seasonally adjusted 9.51B, from 11.86B in the preceding quarter whose figure was revised up from 11.48B.
Analysts had expected U.K. Public Sector Net Borrowing to fall to 9.20B in the last quarter.
GBP/USD slides as U.S. inflation report firms dollar
The pound edged lower against the dollar on Tuesday after U.S. inflation data met expectations and while housing numbers beat forecasts, confirming market sentiments that the Federal Reserve remains on track to wind down stimulus programs this year and raise interest rates the next.
In U.S. trading on Tuesday, GBP/USD was trading down 0.13% at 1.7054, up from a session low of 1.7042 and off a high of 1.7084.
Cable was likely to find support at 1.7037, Friday's low, and resistance at 1.7100, Monday's high.
Geopolitical concerns in the Ukraine and Israel briefly took a back seat to U.S. data and firmed the greenback over the pound.
The Labor Department reported earlier that the U.S. consumer price index rose 2.1% in June, unchanged from the previous month and in line with forecasts, which drew applause for the dollar.
On a month-over-month basis, U.S. consumer prices were up 0.3% after a 0.4% increase in May, also in line with expectations.
Figures that met but did not exceed Wall Street expectations bolstered the dollar, as un upside surprise could have rattled nerves and sent many investors rethinking what the Federal Reserve will do with monetary policy.
Market talk points to the Fed ending its bond-buying program around October and then raising interest rates some time in 2015, though the length of time that will pass between those two policy moves remains up in the air.
June's core inflation rate, which excludes food and energy costs, rose by just 0.1% from May and 1.9% on year, slightly below market calls for 0.2% and 2.0% readings, respectively, which illustrated how gasoline was driving the CPI up, though markets viewed the numbers as fundamentally healthy anyway.
Elsewhere, the National Association of Realtors reported earlier that existing U.S. home sales rose 2.6% to 5.04 million units in June from 4.91 million in May, beating market forecasts for a 2.0% rise to 4.97 million units.
Meanwhile across the Atlantic Ocean, the Confederation of British Industry said that its index for industrial order expectations declined to 2 this month from 11 in June, missing expectations for a fall to 8.
Elsewhere, sterling was up against the euro, with EUR/GBP down 0.30% at 0.7896, and down slightly against the yen, with GBP/JPY down 0.01% at 173.13.
On Tuesday, the Bank of England is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Later in the day, BoE Governor Mark Carney is to speak.
BoE Minutes And Eurozone Consumer Sentiment On Tap For Wednesday
The minutes of the Bank of England's July monetary policy announcement, eurozone consumer sentiment report and French business confidence figures are among the economic data scheduled for release on Wednesday.
At 4:30 am ET, the Bank of England will release minutes of its July Monetary Policy Committee meeting.
At 2:45 am ET, French Statistical Institute INSEE is due to release its business confidence index for France. The index is expected to remain stable at 98 in July.
At 3:30 am ET, Statistics Netherlands is scheduled to release its consumer spending figures. Consumer spending is estimated to fall 1.4 percent year-over-year in May after the 0.1 percent decline in April.
The Central Statistical Office of Poland is expected to release its retail sales and unemployment reports at 4 am ET. Retail sales are estimated to rise 4 percent year-over-year in June following the 3.8 percent increase in May. The jobless rate is expected to decrease to 12.1 percent in June from 12.5 percent in May.
At 4:30 am ET, the British Bankers Association will release its mortgage approvals data for the U.K. the number of mortgage approvals are expected to decline to 41,375 in June from 41,757 in May.
The Croatian Bureau of Statistics is due to release its unemployment report for June at 5 am ET. In May, the jobless rate was 19.6 percent.
At 6 am ET, the Confederation of British Industry is scheduled to release results of its distributive trade survey for the U.K. The distributive trade balance is expected to increase to 15 percent in July from 4 percent in June.
At 10 am ET, Eurostat is expected to release the preliminary results of its consumer sentiment for the eurozone. The consumer confidence index is estimated to remain at-7.5 in July, the same as in June.
At 7:45 am ET, Bank of England's Mark Carney is scheduled to participate in a debate on the Global Economy at the Glasgow University. Leader of the U.K. House of Commons William Hague will take part in a Panel discussion in Brussels at 12 pm ET. Marek Belka, president of Narodowy Bank Polski, is due to speak to the Polish Parliament.
U.K. CBI realized sales rise to 3-month high in July
U.K. retail sale volumes rose to a three-month high in July, fuelling optimism over the health of the country’s economy, industry data showed on Wednesday.
In a report, the Confederation of British Industry said the result of its index of U.K. retailers improved by 17.0 points to a reading of 21.0 this month from 4.0 in June. Analysts had expected the index to increase by 12.0 points to 16.0 in July.
On the index, a reading above 0.0 indicates higher sales volume, below indicates lower.
Retailers expect sales volumes to grow at an even stronger pace next month and stocks in relation to expected demand rose, most likely in anticipation of this stronger sales growth.
Barry Williams, Chair of the CBI Distributive Trades Survey Panel said, “As the temperature began to rise, it seems so did sales volumes. Almost all sectors saw growth, with grocers and clothing stores telling us they performed particularly well as people bought barbeque supplies and summer outfits.”
Following the release of that data, the pound held on to modest losses against the U.S. dollar, with GBP/USD shedding 0.12% to trade at 1.7045.
GBP/USD trims losses but remains under pressure
The pound trimmed losses against the U.S. dollar on Wednesday, but remained near three-week lows as events in Ukraine and the Gaza Strip continued to dominate investors' attention.
GBP/USD pulled away from 1.7024, the pair's lowest since June 30to hit 1.7050 during U.S. morning trade, still down 0.09%.
Cable was likely to find support at 1.7009, the low of June 30 and resistance at 1.7100, the high of July 21.
Investors remained cautious after the European Union threatened Russia on Tuesday with harsher sanctions over Ukraine, while fighting in the Gaza Strip continued.
Earlier Wednesday, the minutes of the Bank of England’s June meeting showed that the decision on whether to raise interest rates has become more balanced for some policymakers in recent months than earlier in the year.
However, the minutes also said weakness in wage growth is becoming more “striking”, particularly given that the annual rate of inflation rose to 1.9% in June. Weak wage growth in the face of strong employment growth made it difficult to gauge the degree of slack in the labor market, the minutes said.
Some members of the monetary policy committee were concerned that raising rates too early could destabilize the recovery, given recent signs of weakness in the global economic recovery.
Separately, a report showed that mortgage approvals in the U.K. rose broadly in line with expectations in June.
The British Banker's Association reported that the number of new mortgages approved increased to 43,300 last month from May’s revised total of 41,900, just below forecasts of 43,400.
BoE's Carney Sees Need For Rate Rise As Economy Returns To Normal
Bank of England Governor Mark Carney said on Wednesday that interest rate will have to start rising to maintain price stability as the economy normalizes.
"As the economy normalizes, Bank Rate will need to start to rise in order to achieve the inflation target," Carney said in a speech in Glasgow, Scotland.
"But the MPC has no pre-set course and the timing of any increases in interest rates will be determined by the data."
Policymakers are studying how the strengthening economic recovery and the mixed signals over the degree of slack in the labor market will impact inflation, the central bank chief said.
"The Monetary Policy Committee (MPC) is balancing the implications for inflation of hard evidence of sustained economic momentum against conflicting signals over the degree of slack in the labor market," Carney said.
The minutes of the July meeting, released earlier today, revealed that policymakers unanimously decided to maintain the key interest rate and quantitative easing, but signaled the possibility of a rate hike late this year as growth became more established.
Carney pointed out that the spare capacity is being consumed more rapid than the bank had expected even as wages indicate more labor supply than had previously thought.
The Monetary Policy Committee is trying to determine to what extent these will translate into real wage growth and feed into price pressures, he said. The bank's view will be revealed in the August Inflation report, he added.
"The MPC is supporting investment through clear guidance that it expects increases in Bank Rate, once they begin, to be gradual and limited," Carney said. "This is in part because the headwinds facing the economy are likely to take some time to die down."
The headwinds include public balance sheet repair, a highly indebted private sector, as well as the drag from strong currency and the weak demand from main export markets, he explained.
Further, Carney said even when spare capacity is used up, the Bank Rate will need to be remain materially lower to keep the economy operating at its potential and inflation at its target.
Continued imbalances between global saving and investment as well as lower rates of global productivity growth could keep UK rates lower, he said.
"The MPC can also be expected to accommodate with lower risk-free rates the higher spreads that are likely to result from new regulatory requirements," Carney said.
Drawing attention to the risks of a prolonged period of record low interest rates, Carney said the biggest risks are linked to the housing market.
UK retail sales strongest in 10 years in second quarter, June +0.1 percent month-on-m
British retail sales volumes in the second quarter were the strongest in 10 years, although they stagnated last month, official data showed on Thursday.
Retail sales volumes rose 1.6 percent between April and June compared with the previous three months, the strongest calendar quarter since early 2004, according to the Office for National Statistics.
But they rose just 0.1 percent in June from May and by 3.6 percent compared with the same month a year ago.
That was slightly weaker than economists' forecasts in a Reuters poll for increases of 0.3 percent and 3.9 percent.
Second-quarter sales were boosted by a 1.0 month-on-month jump in April, which more than offset a fall in May.
Comparing the second quarter with the same period last year, sales were up 4.5 percent, the strongest calendar quarter since the end of 2004, the ONS said.
Britain's consumers have been the main driver of the country's economic recovery which began last year, helped by low levels of inflation - despite a surprise surge last month - that has eased the pressure on their spending power.
Wage growth, however, remains very weak.
Prices in stores were flat last month, the first time they have not fallen since January.
An ONS official said an annual 2.0 percent increase in prices for the textiles, clothing and footwear sector was unusual given that retailers normally cut prices during the month.
The last time clothing prices rose in the month of June was in 2007.
A survey from the Confederation of British Industry on Wednesday showed British annual retail sales growth quickened in July and that expectations for August also picked up.
Retail sales account for just under 6 percent of British gross domestic product.
Economists expect data on Friday to show GDP grew by 0.8 percent in the second quarter, unchanged from the first three months of the year.
However, they also see a risk of a lower growth rate after industrial output figures were weaker than expected in May.
U.K. Retail Sales Rise Marginally In June
U.K. retail sales increased marginally in June as food sales recovered from the prior month, data from the Office for National Statistics showed Thursday.
Retail sales including auto fuel rose 0.1 percent in June from May, when it dropped 0.5 percent. Sales were expected to grow by 0.3 percent.
However, excluding auto fuel, sales were down by 0.1 percent. Economists had expected sales to rise 0.3 percent after falling 0.5 percent in May.
Predominantly food store sales rose 0.3 percent, while non-food store sales fell 0.7 percent in June.
On a yearly basis, growth in retail sales volume including auto fuel, slowed slightly to 3.6 percent from 3.7 percent in May. Excluding auto fuel, sales growth fell to 4 percent from 4.5 percent.
UK House Prices Rise At Slower Rate In July
U.K. house prices rose at the slowest rate in more than a year in July, the results of a survey by Hometrack showed Friday.
House prices increased 0.1 percent month-on-month in July, which was slower than the 0.3 rise in June.
The results of a survey by Markit Economics and Knight Frank released last week showed that current house price sentiment rose at a slower pace in July.
However, future house price sentiment had increased at a slightly faster rate in July, indicating that a more modest rise in prices is expected.