A business approach to the EURUSD pair. We discuss analysis methods for this currency pair, advisors, indicators (we correct errors and refine them) - page 9
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On Oanda, the shorts have increased.
On Oanda the shorts have increased.
I've seen this somewhere for a long time, I can't figure it out.
I saw it somewhere for a long time, I cannot understand what to what.
It's kind of like a glass. Sometimes it's useful to watch. The picture changes once every half hour.
You can look at this link. h ttp://fxtrade.oanda.com/tools/statistical_information/fx_open_orders_summary.shtml
You can change the chart type with the Non-Cumulative switch.
Upper-left corner - buy orders at a price lower than the current price.
Upper-right - buy orders at the price higher than the current one.
Lower-left - sell orders at a price below the current price.
Bottom-right - sell orders above the current price.
It's kind of like a glass. Sometimes it's useful to watch. The picture changes once every half hour.
You can look at this link. h ttp://fxtrade.oanda.com/tools/statistical_information/fx_open_orders_summary.shtml
Judging by the chart, from 1.4300 we can go down to 1.4000. >> Right?
It's probably not quite that simple. In the picture you can see the number of orders, but not their volumes. One order with a large volume set close to the current price can hold it for a long time .
Usually the price crashes into the order crowd and comes back.
The low-volume market can be very choppy. The price is running fast.
There is good news coming out of Europe supporting the euro, but the upside of the euro is already limited.
It could go further, it's hard to say right now.
There might be some kind of agreement between central banks which we do not know about. They keep the growth in check and keep the exchange rate within certain limits.
TT comment
The euro is rising for a fourth day against the dollar, the biggest rise since July. The European currency is rising on publication of data that showed an unexpected increase in activity in German services sector and French manufacturing sector.In this backdrop EUR/USD has traditionally felt the market support and as a result, by yesterday's close it returned to $1.4320, which it had lost last week. Consumer activity statistics in the US economy is understandably worrisome for investors, while it also indicates the possible emergence of new medium-term drivers of economic recovery and growth in America.
Those factors seem to be an increase of the public and private investments as well as a further improvement of the trade balance sheets of this country. According to yesterday's information, the US index of leading indicators rose by 0.6% (m/m) in July this year. This value was in line with the market average forecast. However, the previous increase was revised upwards to 0.8% (m/m) from 0.7% (m/m) previously. According to the Philadelphia Fed, the U.S. industrial business sentiment index last month was at its highest since November 2007. 4.2 points. In this case the value expected by most specialists and its value in June 2009 were markedly lower, amounting to -2.0 and -7.5 points.
Sterling also supported the rally and returned to yesterday's highs. The pair is currently trading at $1.6560
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VTB - FR
Today's speech by B. Bernanke (18.00 Moscow time) may provide answers to the most interesting questions for investors regarding the Fed's future policy. First and foremost, the willingness of the regulator to roll back excessive stimulus. In anticipation of this speech, and taking into account the end of the week, it makes sense for speculators to pause in their actions on the stock market. Investors in the medium term, who have been nervous about the "rat race" over the last three weeks, can now watch their portfolios recover in value. US New Home Sales data is due out today (18.00 Moscow timeframe, Forecast: 5 mln). Most likely they will confirm an intensification of demand on the real estate market, so do not expect anything negative here.
We will wait for next week and the US consumer confidence data release on Tuesday, which is likely to be the key factor for the stock markets over the next 5 trading sessions.