President Xi called for an “all out” push on infrastructure spending to lift the economy, helping juice commodities. But tight lockdown measures remain a significant headwind for mainland economic momentum. The data calendar is quite light today (US Wholesale Inventories and Pending Home Sales...
Apparently, the DXY dollar index may soon exceed a two-year high and rise above 103.00. At the time of writing, the DXY index was near 102.58, just below today's high of 102.77...
Dear Traders, Due to the Labour Day in Hong Kong on 1st May, and the Early May Bank Holiday in the UK on 2nd May, you will experience the following changes in the trading hours schedule (all times are GMT+3): Friday, April 29 Indices: Hong Kong 50 (#HSI): trading till 22:00; UK100 (#UK100): tradi...
Despite the fact that the franc enjoys the status of a defensive asset and is strengthening against other major currencies, it continues to weaken against the US dollar. Thus, the USD/CHF pair today updated another high since July 2020, exceeding 0...
Most trading systems based on MQL have closed settings for their users. This is a kind of black box that you will never open. On the one hand, it is safe, because. You will always hope for the best and will not be able to fix anything in the settings...
Both the euro and the pound are currently weak against the dollar. Considering the general downtrend of EUR/GBP, which formed at the beginning of 2021, the current growth of the pair should be considered as a correction for now. It may still continue to the resistance levels of 0.8450, 0.8480...
Good afternoon! Automated trading systems allow you to set specific rules for entering and exiting a position, which will be automatically executed. Thus, the system will analyze the market in search of opportunities to sell or buy, based on the rules that the user has put into it...
A huge part of the MQL Market trading systems represent the Grid or Martingale strategy. This is such a popular mechanic that I see no point in explaining the essence of this strategy. The main goal is to increase volumes in the hope that the market will turn around or a correction will be made...
One of the brightest minds in the industry is a highly-respected market technician named Tom Demark . He has spent more than 40 years developing, trading and teaching his techniques to institutional professionals around the world, and continues to be actively involved in the financial markets...
EUR/USD: Words Drive Trends ● The main drivers of the past week were statements by important ECB and FRS officials. However, the beginning of the five-day period was relatively calm: the Easter weekend had its effect...
AUD/USD gained bearish momentum below the 0.7400 support zone. NZD/USD started a major decline after it faced sellers near 0.6815. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline after it struggled near 0.7450 against the US Dollar...
Our main scenario still assumes a decline in GBP/USD. The signal for the resumption of short positions may be a breakdown of today's minimum and the local support level of 1.2865 (the lower limit of the descending channel on the weekly chart...
Good afternoon ! In the MQL market, any strategy is based on predicting the future. It doesn't matter whether it's a Grid or a Martingale or just a great overnight scalper system. We are always trying to predict the future, even when we are driving or hoping for a better night's sleep...
According to data released today by Eurostat, the consumer price index (CPI) rose by 2.4% in March (against a preliminary estimate of 2.5%) and by 7.4% (in annual terms) after rising by 5.9% in February...
Dear Traders! Please note that due to the ANZAC Day on 25 April, 2022 , trading hours for some financial instruments will be changed as follows: Monday, April 25 Indices: Australia 200 (#AUS200): trading starts at 10:10 (GMT+3)... More info: FXOpen...
Despite the sharp rise at the beginning of today's European session, EUR/GBP remains in the zone below the important long-term resistance levels 0.8450, 0.8625, maintaining a tendency to further decline...
The STP Trade Manager is a utility tailored to the ST Patterns strategy by Vladimir Poltoratskiy ( www.stpatterns.com ) While specifically made for this strategy, it can also be used for other trade management. Especially when you have a need for quickly making trades and risk management...
Of the news for today, which may increase volatility in the market, market participants will pay attention to the publication (at 12:30 GMT) of statistics on the dynamics of home construction in the US in March...
