Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.03.30 13:55
newdigital, 2014.04.01 07:34
newdigital, 2014.03.29 18:43
newdigital, 2014.04.01 07:35
CRUDE OIL TECHNICAL ANALYSIS – Prices are pushing higher as expected
after putting in a bullish Morning Star candlestick pattern. A break
above resistance at 100.83, the 23.6% Fibonacci expansion, has exposed
the 38.2% level at 102.87. Pushing further above that aims for the 50%
Fib at 104.52. Alternatively, a move back below 100.83 exposes the 14.6%
expansion at 99.57.
newdigital, 2014.04.01 11:19
2014-04-01 08:30 GMT (or 10:30 MQ MT5 time) | [GBP - Manufacturing PMI]
if actual > forecast = good for currency (for GBP in our case)
U.K. Manufacturing Growth Eases To 8-Month Low
The U.K. manufacturing sector growth slowed unexpectedly to an
eight-month low in March, survey data from Markit Economics showed
The seasonally adjusted Markit/Chartered Institute of
Purchasing & Supply Purchasing Manager's Index fell to 55.3 in March
from 56.2 in February, signaling a further cooling of growth from the
peaks scaled towards the end of last year.
The score was forecast to rise to 56.7 in March. Nonetheless, the above neutral 50 reading indicates expansion in the sector.
Manufacturers continued to scale up production at a solid clip in March. However, rates of increase for output and new business cooled further from the highs registered during the second half of last year.
employment increased for the eleventh consecutive month in March with
the rate of jobs growth staying close to February's near three-year
March data signaled a moderation in price pressures. Average
input costs fell for the first time in over one-and-a-half years and
output charge inflation eased to a seven-month low.
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2014.04.01
MetaQuotes Software Corp., MetaTrader 5, Demo
GBPUSD M5 : 31 pips price movement by GBPUSD - Manufacturing PMI news event
newdigital, 2014.04.02 06:48
Technical Analysis for USDCHF (adapted from dailyfx article)
newdigital, 2014.04.08 08:33
2014-04-08 02:50 GMT (or 04:50 MQ MT5 time) | [JPY - Interest Rate]
BoJ Maintains Monetary Stimulus, Upbeat Economic View
The Bank of Japan kept its current monetary stimulus unchanged on
Tuesday as it projects upbeat economic outlook even though the first
sales tax hike since 1997 is set to oscillate consumer spending.
Policy Board, governed by Haruhiko Kuroda, unanimously decided to
continue to expand the monetary base at an annual pace of about JPY
60-JPY 70 trillion.
The annual pace of purchase of government
bonds will remain at about JPY 50 trillion. The central bank launched
its large stimulus April last year, when it vowed to end deflation and
shore up consumer price inflation to 2 percent in two years time
The BoJ left its economic assessment unchanged from last month. Japan's economy
has continued to recover moderately as a trend, albeit with some
fluctuations due to the consumption tax hike, the bank said in a
Further, the bank said business sentiment has continued to improve, although some cautiousness about the outlook has been observed.
economy is expected to continue a moderate recovery as a trend, while
it will be affected by the subsequent decline in demand following the
front-loaded increase prior to the consumption tax hike," the bank
central bank expects consumer prices, excluding the direct impact of
the sales tax hike, to increase around 1.25 percent for some time.
majority of policymakers observed that risks to the outlook include
developments in the emerging and commodity-exporting economies, the
prospects for the European debt problem, and the pace of recovery in the
Sayuri Shirai said the pace of improvement in the
employment and income situation in Japan should be added to the list of
USDJPY M5 : 23 pips range price movement by JPY - Interest Rate news event :
newdigital, 2014.04.08 11:11
2014-04-08 08:30 GMT (or 10:30 MQ MT5 time) | [GBP - Manufacturing Production]
U.K. Industrial Production Growth Tops Expectations
U.K. industrial production grew more-than-expected in February, driven by strong contribution from oil and gas extraction.
production grew 0.9 percent in February from month ago, when it
remained flat, the Office for National Statistics said Tuesday. The
February rate far exceeded the 0.3 percent expected growth.
output climbed 1 percent, which was faster than the 0.3 percent rise
seen in January. Economists had forecast output to grow by 0.3 percent
again in February.
The annual increase in industrial production
slowed marginally to 2.7 percent in February from 2.8 percent in
January. But the rate exceeded the 2.2 percent growth forecast by
Meanwhile, manufacturing output grew at a faster pace
of 3.8 percent annually after rising 3.2 percent a month ago. The
annual growth in output was expected to slow marginally to 3.1 percent.
GBPUSD, M5, 2014.04.08
GBPUSD M5 : 59 pips price movement by GBP - Manufacturing Production news event
newdigital, 2014.04.10 09:47
Trading the News: Bank of England (BoE) Interest Rate Decision (based on dailyfx article)
The Bank of England (BoE) interest rate decision may generate fresh
highs in the GBP/USD should we see a growing number of central bank
officials show a greater willingness to normalize monetary policy sooner
rather than later.Why Is This Event Important:
Indeed, BoE Governor Mark Carney argued the first rate hike may come
before the general election in May 2015 amid the stronger recovery in
the U.K., and a further shift in the policy outlook should continue to
heighten the bullish sentiment surrounding the British Pound as the
central bank moves away from its easing cycle.
Sticky prices paired with the pickup in household & business
activity may push the BoE to adopt a more hawkish tone for monetary
policy, and the policy meeting may trigger a bullish reaction in the
GBP/USD should the central bank lay out a more detailed exit strategy.
However, the BoE may merely reiterate the policy statement from the
March 6 meeting as the central bank continues to assess the margin of
slack in the real economy, and the British Pound may face a near-term
correction should the MPC meeting drag on interest rate expectations.
How To Trade This Event Risk
Bullish GBP Trade: BoE Sounds More Hawkish/Lays Out Detailed Exit Strategy
GBP/USD Daily Chart
GBP/USD H4 Chart
Bank of England (BoE) Interest Rate Decision March 2014GBPUSD M5 : 38 pips range price movement by GBP - Interest Rate news event :
The Bank of England interest rate decision came and went once again in
its usual fashion. As has become the norm, a quick spike in GBP was
followed by an equally fast pullback. As this meeting does not proceed
the ECB, we may see greater follow through, especially in the EURGBP
GBPUSD, M5, 2014.04.10
GBPUSD M5 : 18 pips price movement by GBP - Interest Rates news event
newdigital, 2014.04.11 07:38
2014-04-10 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - Food Price Index (FPI)]
if actual > forecast/actual = good for currency (for NZD in our case)
New Zealand March Food Prices Dip 0.3%
Food prices in New Zealand eased 0.3 percent on month in March, Statistics New Zealand said on Friday.
That follows the 1.0 percent decline in February and the 1.2 percent gain in January.
On a yearly basis, food prices climbed 1.2 percent after adding 0.2 percent in February and 0.9 percent in January.
The 1.6 percent fall for grocery food was influenced by price falls across most of the subgroups.
NZDUSD, M5, 2014.04.11
NZDUSD M5 : 20 pips price movement by NZD - Food Price Index (FPI) news event
Just about the pairs for technical analysis for the next week.
I think - most interesting pairs are GBPUSD and XAUUSD.
GBPUSD D1 - because Chinkou Span line is crossing historical price for correction continuing :
and XAUUSD D1 - because price is going along Sinkou Span A line trying to be reversed from bearish to bullish, and as we know - Sinkou Span A line (the border of Ichimoku cloud) is not strong resistance level.
It was 'most interesting pairs concerning 'technical point of view'
'Fundamental news events points of view' : most intreresting pairs are EURUSD, NZDUSD, AUDUSD and USDCAD (most news events for the next week will be affected on those pairs).
newdigital, 2014.04.14 20:25
USD/JPY testing major downside pivot (based on dailyfx article)