Minutes of the RBA Monetary Policy Meeting 6 February 2018

International Economic Conditions

Members commenced their discussion of the global economy by observing that global GDP growth in 2017 had exceeded the expectations of most forecasters.

Philip Lowe RBA

 

The pick-up in growth had been synchronised across economies and was likely to be sustained in 2018, supported by accommodative monetary policy across the globe and an upturn in international trade. Continue reading

A crypto-photograph of a red rose was sold for 1 million dollars

On Valentine’s Day, a digital crypto-photograph of a red rose was sold for 1 million dollars in a cryptocurrency to a group of 10 collectors.

forever-rose-crypto-foto

This is considered the highest price ever paid for virtual art work. Continue reading

Will the changes in the monetary policy of the Bank of Japan after the appointment of Haruhiko Kuroda for a new term

Prime Minister Shinzo Abe nominated Haruhiko Kuroda to lead the Bank of Japan for another five-year term, with the Cabinet forwarding the nomination to parliament on Friday.

Abe and Kuroda

In addition to Kuroda, Tokyo also chose Waseda University professor Masazumi Wakatabe and BOJ Executive Director Masayoshi Amamiya to take over as deputy governors in March. The approval procedure requires approval by both chambers of the Japanese Parliament. Continue reading

Roger Ballen – one of the most provocative photographers of our time

Meet – Roger Ballen, one of the most controversial and unique photo artists of our time.

Roger Ballen-2The square shape and black and white color are the distinctive style of his unique works. Strange photographs and non-standard films challenge the viewer and force them to plunge into their own thoughts on the verge of reality and fiction. Continue reading

EURUSD forex forecast for the next week of February 19-23, 2018

On Friday, we observed an active decline in the currency pair EURUSD in the foreign exchange market. Than this movement is remarkable.

Analysis EURUSD M30-170218

For such an active downward movement, there were no information drivers. Continue reading

Yen Bulls do not give up

Despite the impressive recovery of the US dollar today, the Japanese yen demonstrates its strength.

Analysis USDJPY M5-160218
The dollar rebound began at the end of the Asian session after a false breakout with a pair of EURUSD highs at 25.400. Continue reading

Short takeaway on the euro and other currencies

It is extremely interesting, what tomorrow will explain the “experts” of the currency market of today’s forex market reaction to US inflation data. Continue reading

Technical analysis of EURUSD on forex (14.02.18)

Today, the currency market is waiting for the publication of inflation data in the US. Let’s see what pattern has developed in the Forex market on the EURUSD currency pair before the data release.

Technical analysis EURUSD H4-140218
The currency pair is growing in the ascending channel. The reference points along which the channel is drawn are indicated by orange arrows. Continue reading

Inner Life Of A Trader’s Cell

You just have to see it. Break away from the screens of monitors and enjoy a unique 8 minute animated movie about the device of the inner world of the human cell.

Внутренний мир клеткиThe charge of positive emotions and good mood is assured to you. Continue reading

Technical analysis of the US dollar (USDX)

In the Asian session, avoiding risks led to a decline in the futures of the S & P500 and the Nikkei index. As a result, the Japanese yen rose to its maximum, and the euro, the British pound and the Australian dollar rose.

Analysis USDXH1-130218
All this caused the US dollar to fall to the minimum values ​​for the last week. Continue reading

USDJPY and the S&P500 index – paired dances continue

This is a continuation of the analysis of the situation with the Japanese price. The first article is here – Technical analysis of USDJPY and S&P500.

Analysis USDJPY-S&P500-2
Despite the holiday in Japan, the situation on the currency market today continued like Friday. The Japanese yen is trading in a strong correlation with the S&P500 index. Continue reading

Japan can tighter leverage cap on forex trading

Japan’s Financial Services Agency is considering lowering the maximum leverage allowed on foreign exchange trading by individuals as soon as this spring to curb risk taking. Proposal before regulator would lower limit on gearing from 25 to 1 to 10 to 1.NIKKEI

The agency is studying a proposal to bring the leverage cap from 25 to 1 down to 10 to 1, based on trends in historical market volatility. Continue reading

“The Market’s Line” – technical pattern in the Forex market

Last week a number of specific technical price patterns, called the “The Market’s Line”, arose on a number of currency pairs in the forex market.

The market's line model on GBPUSD M30

“The market’s line” is a price technical model emerging in the forex market as a result of the consolidation of a currency pair in a very narrow price range for a sufficiently long period of time. Continue reading

Forex market is the Hotel California of our time …

“You can check out any time you like,
But you can never leave!”

                                                      Eagles, Hotel California

Forex Humour Eng

I wish you all a successful trading week. And the classic rock for raising the mood. Continue reading

Custom Bands – improved Bollinger Bands (BB) indicator for MT4

The classic Bollinger Bands (BB) technical indicator is one of the most popular and well-known technical indicators of the Forex market, which is included in all trading terminals.

Custom bands (Bollinger Bands) Settings
However, the classic indicator is calculated on the basis of the standard deviation only from a simple moving average. Continue reading

Technical analysis of USDJPY and S&P 500 – chained by one chain!!!

“To what progress has reached …..”. Since the opening of the American session on Friday, we could observe a very interesting picture. The Japanese yen (pair USDJPY) traded in a very tight correlation with the S&P 500 index.

Trading robots-transformers

Explain it is something other than setting up trading algorithms or robots is impossible. Continue reading

The Bank of Russia cut the key rate by 25 bp, to 7.50% on 09.02.2018.

Statement of the Bank of Russia

On 9 February 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.50% per annum. Annual inflation remains sustainably low.

Nabiullina Bank of Russia

Inflation expectations are diminishing progressively. Short-term pro-inflationary risks have abated. Continue reading

Bank Of England leave Bank Rate at 0.50% – 08.02.2018

Monetary Policy Decision 08.02.2018

Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.50%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases. 

Bank of England

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.  At its meeting ending on 7 February 2018, the MPC voted unanimously to maintain Bank Rate at 0.5%. Continue reading

The best books about the Forex market

Forex market is one of the most risky markets in the world. Training in this market is impossible without continuous improvement of skills, analysis methods, trading methodology and trade psychology. Books about forex are one of the main sources of increasing knowledge.

Forex magic bookOn a special page of our site – Best Forex Books you will find recommendations on which books about forex are the best, how to choose them, what to look for. There are a lot of literature about the foreign exchange market, but this does not mean that you have to read everything. The most important book will be your personal experience.

RBNZ keeps Official Cash Rate unchanged at 1.75 percent

Monetary Policy Statement for February 2018

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
RBNZ

Global economic growth continues to improve. While global inflation remains subdued, there are some signs of emerging pressures. Continue reading