The sanctions policy has reached the forex market. Here is a letter from Pepperstone sent to traders from Russia.
“We regret to inform you that Pepperstone has made the business decision to no longer provide you with our services. Your Pepperstone account is to be closed effective immediately and your trading accounts have been set to read-only meaning you will be unable to open any new trades. If you still have funds in your trading account, you can withdraw them at any time until 22nd March 2022. You would need to contact our support team at firstname.lastname@example.org to make a withdrawal after this date. Make sure your bank account and contact details are correct, or contact our support team to make any changes. Please also note that withdrawal options may be limited due to sanctions or termination of payment system services. We are here to help. We understand that this may cause some inconvenience to you. However, we are here to support you in this change, so if you have any questions, please contact us at email@example.com. We would like to thank you for trading with us and wish you all th e best in your future trading.”
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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.
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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 →