Since the beginning of the new 2020, the US dollar index (USDX) cannot determine the further direction of trade. As a result, we got an interesting technical picture.
From this point, the US dollar can both continue to grow in the long-term channel and begin a downward trend. Continue reading
The speed of light is a basic physical concept, a fundamental constant. If you are connected to the Internet through an optical fiber, then the signal propagation speed in it is in the range from 68% to 72% of the speed of light in a vacuum.
The speed of light is so high that it is difficult or almost impossible to imagine. However, thanks to excellent video of Dr. James O’Donoghue and NASA we can visualize it. Continue reading
The Script in the MetaTrader4 trading terminal is a small program that performs a one-time action and is disabled.
At the end of this article you can download the “Close All” script and other scripts for managing multiple positions in the MetaTrader4 trading terminal. Continue reading
FOMC statement (October 30, 2019)
Information received since the Federal Open Market Committee met in September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.
Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. Continue reading
In the article “MACD – non-standard use on Forex”” I already described the technical indicator FX5 MACD DIVERGENCE, which determines the divergence of the MACD indicator.
In this article, I present to your attention another technical indicator for the MT4 trading terminal, revealing the divergence of the MACD indicator. Continue reading
The uptrend in the gold market has changed to a downtrend relative to the US dollar.
Gold (XAUUSD) came out of the growing channel and formed a downward channel. Recent impulses of the price formed a new Lower Low, and Lower High. However, the last week the movement in the gold market has stopped. What’s next? Continue reading
The People’s Republic of China (PRC, China) was established on October 1, 1949 – 70 years ago. Since the proclamation of the People’s Republic of China in 1949, the ruling party has been the Chinese Communist Party (CCP). At present, the President of China is Xi Jinping (since 2013).
To date, China is:
- the largest state in the world in terms of population (over 1.395 mln. people);
- ranks third in the world in territory, yielding to Russia and Canada;
- the first economy in the world in terms of GDP (PPP);
- It is a world leader in the production of most types of industrial products, including car manufacturing and consumer demand.
- the largest world exporter (“factory of the world”);
- It has the world’s largest gold and currency reserves.
And all this was achieved in 40 years of economic reform. Let’s take a look together at the main stages of the recent history of China.
Some forex trading strategies include splitting one position into several smaller ones, adding to already open positions or averaging.
When opening several positions, it is not very convenient to manually calculate the breakeven level for all open positions in the MT4 terminal.
This task is greatly facilitated by a simple breakeven indicator. Continue reading
After a series of central bank meetings, the foreign exchange market entered a phase of strong consolidation.
This consolidation is clearly visible by the damping fluctuations in the US dollar index – USDX. Continue reading
ECB Monetary policy decision.
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
(1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. Continue reading
Technical capabilities of the MetaTrader 4 (MT4) terminal allow you to impose a moving average on any other indicator in the terminal.
In the picture above you see how a simple moving average with a period of 21 (red line) is applied to the standard RSI indicator with a period of 14 (blue line). How to do it yourself? Continue reading
In this article, we continue to study the trading methodology from the demand/supply zones of Sam Seyden and his followers. You can familiarize yourself with the first article at the link – “Forex Trading from Supply and Demand Zones“.
The trading strategy in supply / demand zones is quite simple and methodologically fundamentally not particularly different from trading at support / resistance levels. Continue reading
The EURCHF currency pair has been in a downtrend for 4 months.
For the last 20 days, we have seen consolidation on the pair, which is highlighted in the chart by a blue rectangle. Over the past three days, we have seen an unsuccessful attempt to break through the lower edge of the consolidation range, which led to the formation of a bear trap on the EURCHF. Continue reading
Trade wars and a slowdown in the global economy have significantly increased international investors’ demand for government bonds as a safe asset. Inversion of the US bond yield curve, as a statistically strong signal of a probable future recession in the USA, gave an additional impetus to this trend.
Demand for government bonds led to a significant decrease in their yield. However, in the world, a huge amount of bonds has a negative yield. What makes investors buy these assets? Indeed, negative rates from the point of view of common sense and the basic of economic theory are nonsense. Continue reading
China plans to issue its own crytocurrency as early as Nov. 11, the country’s busiest shopping day for online sales, U.S. financial magazine Forbes said, citing two sources familiar with the matter.
The People’s Bank of China (PBOC) has been exploring the possibility of launching its own digital currency since 2014 to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply. Continue reading
In his speech at the Central Banks economic symposium these days in Jackson Hole, the Governor of the Bank of England made some extremely curious statements.
Mark Carney said that dollar dominance in the global financial system increases the risks of the global liquidity trap, and that currencies like Libra will end dollar dominance. So what is the currency of the future Libra? And what is its threat to the modern financial system? Continue reading
On August 22, 2019, the Australian Securities and Investments Commission (ASIC) issued a document (19-220MR) proposing to prohibit the trading of binary options for retail traders.
The same document also proposes to significantly limit the trading of CFDs (CFDs). Continue reading
The Japanese yen has recently been in strong demand as a “safe haven” for investors on the topic of the risk off sentiments associated with the trade war between the US and China.
On the daily chart of the USDJPY currency pair, we see a clear downward long-term channel. Continue reading
Take a look at the 4-hour dollar index (USDX) futures chart. We see very strong consolidation in a narrow range (blue rectangle).
Traders are in a state of uncertainty about the future prospects of the US dollar. Continue reading
Trading in financial markets from levels (or zones) of supply and demand is traditionally associated with the methodology developed by Sam Seiden and his colleagues.
This methodology is extremely interesting for traders for several reasons. First of all, it is quite simple to understand and based on the basic principles of market interaction of supply and demand. It does not use complex technical indicators and, according to many traders, it provides significant advantages in the real trading of any financial instruments. Let’s delve into this methodology together. Continue reading