Dollar: the immediate prospects – Analytics & Forecasts – 4 January 2023
The focus of traders today is the publication (at 15:00 GMT) of the Institute for Supply Management (ISM) report with the most important indicators reflecting the state of the US manufacturing sector (it is predicted to decrease from 49.0 to 48.5 in December), as well as protocols with December Fed meeting (at 19:00 GMT). The […]
EUR/USD: NFP and recommendations as of 01/06/2023 – Analytics & Forecasts – 6 January 2023
At the time of publication of the article, EUR/USD is testing for a breakdown an important short-term support level 1.0504. Despite the fact that the index of business sentiment in the European economy, which determines the trend of the Eurozone economy as a whole, and core inflation in the Eurozone rose in December (by +0.6% […]
Explainer: TradeStops Manager EA MT4 and Its Features – Other – 6 January 2023
TradeStops Manager EA https://www.mql5.com/en/market/product/91553 TradeStops Manager is a simple, dynamic, volatility-adaptable stops-management tool that will help you to manage your open order’s stops effectively according to your way. Most traders are aware that trading the forex market is inherently risky and brings with it the possibility of losing money anytime you enter a trade, however, some […]
USDJPY and GBPUSD: What Happened in 2022, What Will Happen in 2023 – Analytics & Forecasts – 5 January 2023
We talked a week ago about how economists from the world’s leading financial institutions see the future of EUR/USD in 2023. However, our reviews have included two more major pairs for many years, USD/JPY and GBP/USD. And it would be unfair to ignore them this time. Moreover, after the euro, the Japanese yen and the […]
Market Update – January 5 – FOMC: Inflation still Public Enemy No. 1
The FOMC minutes continued to show inflation was the overriding concern. Participants generally noted that upside risks to the inflation outlook “remained a key factor” for policy. It was repeated that a restrictive stance would have to be maintained for a sustained period until inflation was “clearly” on a path […]
NET Z Expert Input – Trading Strategies – 4 January 2023
Expert input: NET Z 1. Manage Open Positions + Trade Buy : Allow Buy + Trade Sell : Allow Sell + Select Trade Method: Trade On Every Tick or Trade On a New Bar. + Continue New Cycle: If False, EA Will stop starting new trade cycle & Only Manage The Remaining Open Positions until […]
Market Update – January 4 – USD & JPY hold gains, Stocks flat & Oil tanks
The first full day of 2023 saw stocks flat, a bid for the Greenback & Yen, weaker EUR following softer German CPI data and Oil markets collapse on global growth worries. Treasuries are firmer with US10yr yields losing -2.61%. Overnight Asian stocks have traded mostly firmer despite the negative handover […]
How to build a Renko chart. Renko chart examples. – Analytics & Forecasts – 4 January 2023
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick […]
Live Commentary | 04 January 2023
The USDIndex is up from session lows under 104, but at 104.07 still down on the day as EGBs and Treasuries rally and gold is back in favor. Bunds outperformed during the European AM, after weaker than expected inflation numbers out of Germany and France, but despite this EURUSD managed […]