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  1. Today
  2. Can I ask what broker are you using for trading oil?
  3. Yesterday
  4. Hey, I am new to this. Anyone use software like this?? Is it legit??
  5. Extend Trend Lines is a VTL Client-side indicator for elongating the trend lines on the chart to the last bar. Traders usually draw trend lines on the chart and use them as support resistance levels. When a trend line breakout happens, it is the beginning of a new trend. One issue with trend lines drawn manually on the chart is that they do not get elongated when new bars form on the chart. It should be manually adjusted with new bars. Extend Trend Lines VTL Indicator takes care of this situation. It automatically adjusts all trend lines on the chart to the last bar. It monitors the trend lines on each new bar and adjust them. This is useful when the trader opens the terminal on a new day and the old trend lines are short and need adjustments. ExtendTrendLines.zip
  6. Previous day high low is a Client Side VTL indicator that draws the last day’s high, low and today’s open on the chart. When day trading, the previous day’s high and low are important reference points or support resistance levels. In a bullish market price breaks above the previous day’s high early in the day and continue to trade above that level. In bear markets, price break below the previous day’s low early in the day and continue to trade below that level. Trading ranges form when price fails to break the previous day’s high or low successfully. This info alone can improve your trading results as this give you a clear vision of what is likely to happen today. Breakout trading strategies work best when price is above or below yesterday’s range. Trend following strategies also work best in this situation. When price is inside yesterday range, counter trend strategies work better. Oscillators like RSI and Stochastics work best in this situation. Prev_Day_High_Low.zip
  7. edakad

    STARC Bands

    volatility. STARC bands is used in two modes. First one is as a trend following indicator. For this enter 1.33 for parameter KATR. Now when price breaks out of the bands, there is a high probability that price move will continue in that direction. Open positions in the breakout direction. To use STARC bands as an oversold overbought indicator, make parameter KATR 3. Now when the price reaches the bands, chances are that it is a short-term price extreme. Countertrend trades can be opened here. Parameters: 1. MA_Period – Moving Average Period 2. ATR_Period – Average True Range Period 3. KATR – ATR multiplier 4. Shift – Number of bars to shift forward STARC Bands.zip
  8. Auto Trend Lines is a VTL Client-Side indicator to plot trend lines. It detects the peaks and troughs in the chart and then plot trend lines joining recent peaks for down trend line and the recent troughs for uptrend line. Trendlines are usually considered as strong support resistance levels. Traders can open buy positions when the down trend line is broken, and price remains above the trend line. Sell position can be opened when the uptrend line is broken, and price remains below the trend line. The Auto Trend Lines VTL can be used to identify geometrical chart patterns like Triangles and Flags. Symmetrical Triangles, Ascending triangles and descending triangles can be easily identified. Up and down flags can be identified with help of this indicator. It can be used to identify many other chart patterns like trend channels, pennants etc. AutoTrendLines.zip
  9. Last week
  10. That is good for you, Posting profitable can encourage other people to understand that the market is not in different mood. Sometimes our skills also can make us profitable.
  11. You should start with learning, as you are not having the basic knowledge. You should trade first demo and see your skills with the market. Always start with small investment to test your skills with real market.
  12. Hi GUYS, Happy Wednesday! I'd like to share daily forex analysis from Followme, hope this information helps your trading. Today, Let's focus on AUD and NZD. AUDUSD is trading at 0.6761; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6765 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905. NZDUSD is trading at 0.6447; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6455 and then resume moving downwards to reach 0.6315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6525. In this case, the pair may continue growing towards 0.6645.
  13. Date : 13th August 2019. MACRO EVENTS & NEWS OF 13th August 2019. FX News Today * RISK OFF * 10-year Treasury yields are down -0.8 bp at 1.637%, JGB yields fell back -1.4 bp to -0.341% after falling to the lowest level since 2016 during the course of the session. * Risk Aversion continued to dominate during the Asian session and stock markets headed south after the S&P fell more than 1.5% on Monday. * Bond markets remained supported as investors continue to bet on further central bank action with trade concerns, Brexit risks and political unrest in Hong Kong adding to the risk off backdrop. U.S. 30-year rates are nearing all time lows with Argentina default risks only boosting the flight to quality that is seeing a marked flattening of the curve. * In Asia escalating political protests in Hong Kong remain in focus and Australia’s 10-year bond yield opened at a fresh all time low. China’s 10-year rate meanwhile fell below 3% for the first time since 2016 before steadying slightly above the 3% mark. * GOLD breaches $1520.00 (highest since April 2103) and USOil meanwhile is trading at USD 54.81 per barrel. Charts of the Day Technician’s Corner * USD: The The dollar has traded moderately firmer against most of the other main currencies outside the case against the Australian dollar, which has modestly outperformed so far today. The yen softened, correcting some of the recent safe-haven driven gains, despite a tumble on Wall Street yesterday and across Asian equity bourses today, though the Japanese currency has lifted out of its lows into the London interbank open. There is plenty on the worry list, including disruptive pro-democracy protests in Hong Kong and a crash in Argentina’s peso following a poor performance of market-friendly Argentine President Macri in presidential primaries. Singapore also made a substantial cut to its GDP forecast for 2019 (to between 0% and 1%, down from 1.5%-2.5%), citing the deteriorating global conditions, with the Hong Kong situation, along with the U.S.-China and South Korea-Japan trade wars, and Brexit, all getting a mention. The U.S. yield curve is now at its lowest level since 2007, which is seen by many as portending recession, or at least a significant risk of recession. GS analysts also said that the U.S.-China trade war will have a bigger detrimental impact on the U.S. economy than it previously thought. A Reuters poll, meanwhile, found a new high in the probability being ascribed by analysts for there being a no-deal Brexit, which is now pegged at 35%, up from 30% in the previous survey. Amid all this, the PBoC set the yuan at a new near 11-year low against the dollar at the day’s midpoint fixing, at 7.0326, versus 7.0211 yesterday. Given the risk-on vibe, the yen looks likely to find fresh demand in London, with shorts of AUD-JPY and GBP-JPY likely Main Macro Events Today * Average Earnings & ILO Unemployment Rate (GBP, GMT 08:30) – The ILO unemployment rate (3-month) is expected to have remained at 3.8%, with average income falling 3.5% y/y in the three months to June in the ex-bonus figure, and to 3.1% in the in-bonus figure from 3.4% y/y in July. * ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for August is projected at -22.3 from the -24.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to improved slightly at -3.1 from -20.3. * Consumer Price Index (USD, GMT 12:30) – US CPI is expected to rise a 0.2% headline in July with a 0.2% increase in core prices, following respective June readings of 0.1% and 0.3%. As-expected gains would result in a headline y/y gain of 1.6%, steady from 1.6% in June, while core prices should rise 2.1%, a steady pace from June. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early-Q2 from a petroleum price rebound that reversed course temporarily in May. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  14. CRUDE OIL: Recovery Threat Eyes 56.01 Zone CRUDE OIL recovery threats eyes 56.01 zone as the commodity looks to extend gain. Support lies at the 54.00 level where a break will expose the 53.50 level. A cut through here will set the stage for a run at the 53.00 level. Further down, support comes in at the 52.50. On the upside, resistance resides at the 55.50 levels. Further out, resistance comes in at the 56.00 level. A break above here will aim at the 56.50 level and then the 57.00 level followed by the 57.50 level. All in all, CRUDE OIL remains biased to the upside nearer term on correction.
  15. Date : 12th August 2019. MACRO EVENTS & NEWS OF 12th August 2019. * Following a week of aggressive global central bank easing, with the escalation of the US-China trade war that is looking to have turned into a currency war, markets might take a small breath in the week ahead. However, the markets expected to remain volatile as the week is packed of economic data releases. Tuesday – 13 August 2019 * Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The final German HICP inflation for July expected to remain at 1.1% y/y after falling from 1.3% y/y in July’s preliminary release. * Average Earnings & ILO Unemployment Rate (GBP, GMT 08:30) – The ILO unemployment rate (3-month) is expected to have remained at 3.8%, with average income falling 3.5% y/y in the three months to June in the ex-bonus figure, and to 3.1% in the in-bonus figure from 3.4% y/y in July. * ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for August is projected at -22.3 from the -24.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to improved slightly at -3.1 from -20.3. * Consumer Price Index (USD, GMT 12:30) – US CPI is expected to rise a 0.2% headline in July with a 0.2% increase in core prices, following respective June readings of 0.1% and 0.3%. As-expected gains would result in a headline y/y gain of 1.6%, steady from 1.6% in June, while core prices should rise 2.1%, a steady pace from June. Overall, the inflation outlook remains benign, though with an updraft into the end of Q1 and early-Q2 from a petroleum price rebound that reversed course temporarily in May. Wednesday – 14 August 2019 * Industrial Production and Retail Sales (CNY, GMT 02:00) – The Chinese Industrial Production growth is expected to have decreased at 5.8% y/y in July from 6.3% y/y last month. A weak reading is also expected in Retail Sales figure at 8.6% from 9.8%. * Gross Domestic Product (EUR, GMT 06:00-09:00) – German Preliminary Q2 results are expected to have stood at 0.4% q/q. Eurozone prelim. Q2 GDP growth expected to be confirmed at 0.2% q/q and 1.1% y/y. * Consumer Price Index (GBP, GMT 08:30) – The UK July CPI expected to meet once again the expectations at 2.0% y/y, which was unchanged from the May rate. Core inflation should remain to 1.8% y/y. The data fits BoE projections, and shows that perky wage inflation hasn’t translated into higher headline rates yet. Thursday – 15 August 2019 * Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is expected to have remained at 5.2% in July, employment change is expected to have increased to 26.8K from 0.5K last month. * Retail Sales (GBP, GMT 08:30) – UK Retail Sales are expected to have declined to -1.4%m/m in July following a 1.0% m/m contraction in June. In the y/y comparison, sales should rise 4.0% while the ex-fuel is projected at 2.7% y/y from 3.6% y/y. * Retail Sales and Core (USD, GMT 12:30) – A 0.3% July retail sales headline is anticipated with a 0.5% increase for the ex-autos figure, following 0.4% June gains for both measures. Gasoline prices should provide a boost to retail activity given an estimated 1.7% gain for the CPI gasoline figure, though unit vehicle sales fell to a 16.8 mln pace in July from a 17.1 mln clip in June. Real consumer spending is expected to grow at a 2.9% rate in Q3, following the 4.3% Q2 clip. * Philadelphia Fed Index (USD, GMT 12:30) – The Philly Fed index is seen falling to 9.0 from a 1-year high of 21.8 in July, versus a 33-month low of -4.1 in February. The producer sentiment readings all moderated through the turn of the year from elevated levels in response to global growth concerns, falling petroleum prices, fears about the ongoing trade war, and the partial government shutdown. Friday – 16 August 2019 * Housing Data and Building Permits (USD, GMT 12:30) – Housing starts should rise to a 1.260 mln pace in July, after a dip to 1.253 mln in July. Permits are expected to improve to 1.270 mln in July, after falling to 1.232 mln in June. Overall, starts and permits should show a firm path into Q3, and the Q3 averages are expected of 1.263 mln for starts and 1.295 mln for permits. * Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary August Michigan sentiment reading is forecast at 97.5, up from the final July sentiment at 98.4. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  16. Hi All, Hoping someone can explain to me why I am seeing such high trading volume over the weekend in comparsion to weekday trading when using the TOS stock screener? $CTST & $CUTR for example have traded significantly higher volume on Saturday than throughout the whole of the week put together. My understanding was that pre/post market trading was limited and, for the most part, would not be anywhere near the trading volume shown throughout the week. Thanks in advance
  17. Great article about Market Profile.
  18. Hello folks! Being involved in backtesting I’ve found for myself some interesting questions. 1) How to store streaming market data (DOM, Time&Sales) when: a) The data are displayed in the UI on the graph and at the same time are analyzed in real time. b) The data are used for testing algorithms and trading strategies 2) How Time & Sales is formed. Does it represent itself an original "Full Order Log" or sorted "Full Order Log"? As far as I know, Depth of Market (DOM) represents itself as a sorted "Full Order Log". Does the similar principle work for the Time&Sales (Tape) calculation? 3) In a classic trading terminal the last candlestick on the chart is usually floating and changes within one second. This last candle also depends on the best BID/ASK. Need to understand based on what price (BID or ASK) the last candlestick fluctuates. 4) In some trading terminals such data as Time&Sales and DOM are aggregated into larger time frames (e.g. msec. -> sec. -> min etc.). What is the formula which is used for aggregation? Will appreciate your assistance! Thanks, Nick
  19. Seriously? Your link os leading to the first post? Is there any forum administrator reading this?
  20. Earlier
  21. Hello everyone! I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this) I am going to give you some tips that you must know: There are going to be many people who tell you that trade is easy, that with only crossiing a line with another one you will win a lot of money.... and that´s not true. No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS. If you have the knowledge to develop it, take your time and do it. Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!! Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!! IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me. Have a nice trading day
  22. So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
  23. Lwayne11

    I lost my funds

    I had a bad experience in trading. I did lost $17,350 in total and i when i try to cash out one story or the other keep coming up to me at every giving point of time so i give up on them.after several weeks i came across this agency,expert recovery that help me get back about 75 percent of my lost funds. I learnt thee is a class action court proceeding to sue scam binary companies but I believe that takes more time and money paid to lawyers is way expensive. You can talk to a recovery expert. Reach Asherellazar at protonmail dot com
  24. Yesterday I posted several screenshots on my telegram group with Power Trades signals on ES futures. It showed buy signals. The first screenshot it's Micro ES futures with a lot of zones The second screenshot it's ES futures and the same place. Power Trades shows the big volume of 2090 contracts that were executed for 3 seconds. Why the zone on 2823 is so interesting... We have several signals — VWAP (you can read in our knowledge base how I use it), Price Gap, Power Trades Zone on Asian session
  25. hello if you wan't to make money you invest short term instead of long term.
  26. Date : 8th August 2019. MACRO EVENTS & NEWS OF 8th August 2019. FX News Today * Markets remained choppy Wednesday amid heightened fears over the bearish signals from the drop in rates. * Better than expected China trade numbers, which showed a rebound in exports helped to underpin sentiment after a slightly higher than anticipated Yuan fixing. * Fears about the impact of the escalating trade conflict eased somewhat, also helped by news that Japan will allow some exports of semiconductor manufacturing material to South Korea, which suggests easing tensions between the two countries. * Wall Street losses were pared and the NASDAQ recovered into the green. US futures are up 0.4-0.7%. * Investors remain jumpy and markets volatile, however, while the inversion of the yield curve looks worrying and highlights the rise in recession fears. * Oil remains sharply weaker on growth fears and widening supply-demand dynamics. It is currently trading at $52.70. * The official fixing of the onshore Yuan today was at a new 10-year plus low against the Dollar. * RBNZ Governor Orr also repeated that negative rates are a possibility, which comes a day after the central bank caught widespread attention by implementing its first 50 bp easing since the immediate aftermath of 9/11. Charts of the Day Technician’s Corner * YEN: The Yen has traded softer, concurrently with a tentative rebound in stock markets, which was seen on Wall Street into the close yesterday, and followed up with gains across Asia-Pacific bourses. USDJPY settled in the lower 106.00s, above the 7-month low seen yesterday at 105.49. AUDJPY, EURJPY and other Yen crosses also posted moderate gains as the Japanese currency saw some of its safe haven premium unwind. Better than expected China trade numbers and Japan and South Korea’s news helped buoy investor spirits, and while the official fixing of the onshore Yuan today was at a new 10-year plus low against the Dollar of 7.0039 (up from 6.9996 yesterday), a little firmer than markets had been anticipating. Main Macro Events Today * Jobless Claims (USD, GMT 12:20) – Initial jobless claims for the week of August 3 are estimated to fall to 214k, after rising to 215k in the week of July 27. Claims should average a cycle-low 212k in July, as seen last September, versus 222k in June and 217k in May. Claims drifted higher into June from tight levels through May, with a spike higher with the advent of the auto retooling season, but with an ensuing drop into mid-July with seasonal factor payback. * Gross Domestic Product (JPY, GMT 23:50) – Growth in Japan is expected to have decreased by 0.5% in the second quarter from the 0.6% in the first quarter, reflecting weaker exports due to cooling global demand and trade tensions. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  27. hello , In my point of view forex is more profitable than stock. Ya but we can say that market is all about risk. But over all forex is best to trade than stock.
  28. Date : 7th August 2019. MACRO EVENTS & NEWS OF 7th August 2019. FX News Today * RBNZ surprises markets with hefty 50 bps cut; official rate now at 1.00%. * India’s RBI cut rates by 35 bps – more than expected; repo rate at 5.4%. * Decisive action from central banks in New Zealand and India also fueled fresh speculation of deep cuts from the likes of Fed and ECB. * New Zealand’s 10-year rate led a broad slide in yields across Asia. The RBNZ surprised markets with a hefty 50 bp cut that left the official cash rate at a record low of 1.00% and will spark fresh speculation of deep cuts world-wide. * The NZD dropped sharply as a result and AUD was also dragged lower as the 10-year rate dropped -8.3 bp, with traders expecting the RBA to follow. * Still, pressure eased somewhat in stock markets, after China took steps to steady the Yuan yesterday. * JPN225 is down -0.27%. * US futures are in the red after a positive close on Wall Street yesterday and the WTI future is trading at just USD 53.66 per barrel. * In Europe, German production numbers at the start of the session underpinned easing hopes. * German industrial production slumped -1.5% m/m in June, with the May reading revised down to just 0.1% m/m. * The German curve has already settled below zero and pressure on Draghi to not just cut rates but restart asset purchases is mounting. Charts of the Day Technician’s Corner * NZDUSD: The New Zealand Dollar over 2% in hitting its lowest level against the US Dollar since January 2016, at 0.6377, and trading at near seven-year lows in the case against the Yen. This followed a more aggressive than expected 50 bp rate cut by the RBNZ to an all-time low 1.00%, which was pinned on flagging growth conditions as a consequence of simmering trade tensions and a global economic slowdown. * AUDUSD fell in sympathy, with the RBA, after cutting rates in June and July, having signalled yesterday that more rate cuts could be in the pipeline. The pair smashed through the early January flash-crash low on route to printing a 10-year nadir at 0.6677. AUDJPY also dove into 10-year low territory. * USDJPY: The Yen lifted against the Dollar and Euro, though remained below highs seen earlier in the week. USDJPY posted a low at 105.93, extending the retreat from yesterday’s 107.09 high. * EURUSD continued to orbit the 1.1200 level. Sterling came back under pressure after a positional-driven rally earlier in the week. Cable nudged back under 1.2150 after failing to sustain gains above 1.2200, while EURGBP lifted back above 0.9200, drawing back in on the 24-month high at 0.9249. Main Macro Events Today * Ivey PMI (CAD, GMT 14:00) – A survey of purchasing managers, the Index provides an overview of the state of business conditions in the country. Canada’s July Ivey PMI is expected to improve 2.6 points to 55.00 after the decline seen in June. The data is supportive of the steady policy story, as the economy returns to potential growth contrasts with an outlook “clouded by persistent trade tensions.” Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  29. Some one is asking for real signal provider to earn profit. And the others are discussing that how we can trust for our real money as we know there are many scammers.
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