I have a look again at Brainwashing trading system, a signal trend trading system and its still great at identifying large move. For example EURUSD H4 chart if follow the sell signal by price channel stop we can easily profiting about 300pips.
Due to the need for additional tests, the release of the MetaTrader 5 trading platform update is postponed until November 24, 2016. The build number of the upcoming version is 1485.We will run additional tests to ensure that our clients
Bank Negara Malaysia Friday said it is taking steps to ensure that the ringgit isn't priced "excessively and out of sync."
The comments came as the U.S. dollar surged to its highest point since late January against the ringgit in the spot market.
"Recent offshore market activities have brought on significant volatility and undue adverse influence on ringgit prices," Bank Negara Malaysia Assistant Governor Adnan Zaylani said in a statement. "With the surge in volatility, the ringgit foreign exchange market has become prone to extreme movements."
The U.S. dollar is trading at MYR4.38, up from its previous close of MYR4.27. The surge came as investors unwound bets on developing countries amid expectations that interest rates will continue to rise in the U.S.
"Dollar strength continues to run wild against most currencies," Maybank said in a note. "Expectation of expansionary fiscal policies spurs expectation that inflation could come faster than expected and this could potentially lead to greater impetus for Fed to raise rates."
Mr. Zaylani said the ringgit is a noninternationalized currency and its prices should be fully determined by onshore financial market transactions that are driven only by the fundamentals and genuine trade and investment activities in Malaysia.
The central bank said it will provide necessary liquidity in the foreign exchange market and it is in "close engagement" with all market participants.
EUR/GBP trades a narrow range as we head into the European session. Weekly charts have a bearish bias, even though ichimoku charting system still indicates bullish sentiment. we see scope for further downside. Upside finds strong resistance of 0.90118, bullishness only above 23.6% Fib at 0...