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 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
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
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
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
News Loader Pro is a tool that automatically updates every economic news in real time with detailed information from several online data sources. It uses the unique technology to load data with full details from popular Forex websites. An alert will be sent to your mobile/email before an upcoming news release. Moreover, it also marks the news release points on the chart for further review and research.
In Forex trading, news is one of the important factors that move
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
The EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
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
Linear Regressions Convergence Divergence is an oscillator indicator of a directional movement plotted as a difference of two linear regressions with lesser and greater periods. This is a further development of the ideas implemented in the standard MACD oscillator. It has a number of advantages due to the use of linear regressions instead of moving averages. The indicator is displayed in a separate window as a histogram. The signal line is a simple average of the histogram.
The histogram value
This indicator shows how much time is left on the current candle.
You have absolute control over appearance of remaining time label. Also, you can set additional flag to show remaining time in the comment section of your chart and how much time has already passed on the current candle measured in percents.
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in th
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 robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
IceFX VelocityMeter Mini is a very unique indicator on MetaTrader 4 platform which measures the speed of the Forex market. It is not a normal volume or other measurement indicator because IceFX VelocityMeter Mini is capable to understand market speed movements which are hidden in ticks and those valuable information cannot be read in an ordinary way from the candles.
The software monitors the received ticks (frequency, magnitude of change) within a specified time range, analyzes these info and
This panel is designed for quick and easy one-click trading. All you need to do is to set up all the necessary parameters and enjoy trading! It supports two languages: English and Russian.
The panel consists of four parts:
1. Trade Window
Standard trading operations are conducted from this window: opening buy and sell trades. A trade is opened for he current symbol.
TakeProfit, StopLoss and Trailing stop can be set for each trade. To do this, mark an appropriate item. The values are entere
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The indicator displays in a separate window a price chart as bars or Japanese candlesticks with a periodicity below a minute.
Available periods (seconds): 30, 20, 15, 12, 10, 6, 5, 4, 3, 2, 1.
The display mode (bars or candlesticks) is switched by clicking on the chart.
Period in seconds - the period of bars in seconds Price levels count - the number of price levels on a chartBuffer number: 0 - Open, 1 - High, 2 - Low, 3 - Close, 4 - Color.
This is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules.
It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
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.