The Great Britain pound jumped today after the Bank of England refrained from changing its monetary policy, leaving the main interest rate and the asset purchase program the same. The BoE did not act at today’s policy meeting, and its statement, as usually, was very brief:â The Bank of Englandâs Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets […]
Read moreThe euro sank today after the European Central Bank fulfilled its promise and slashed interest rates, taking some of them into the negative territory. The shared 18-nation currency is attempting to regain its footing now, slowly crawling back to the opening level. The ECB announced that it cut its key interest rate on the main refinancing operations from 0.25 percent to 0.15 percent, while the interest rate on the deposit facility […]
Read moreThe Australian dollar rose against its US peer today even though the trade balance surplus unexpectedly turned into deficit in April. The currency sank against the Japanese yen earlier but bounced later and trades near the opening level currently. The Australian trade balance showed a deficit of A$122 million in April after demonstrating a surplus of A$1,024 million in March. Analysts anticipated an excess of A$400 million. Risky currencies were strong […]
Read moreThe Malaysian ringgit advanced today, snapping its three-day decline, as Forex market participants expect that the European Central Bank will cut its interest rates at today’s meeting, and this may increase capital inflows into emerging markets. The ECB will announce its decision at 11:45 GMT today, and it is expected that the central bank will lower borrowing costs, putting some of them into the negative territory. […]
Read moreThe new version of the ChannelPattern script can now draw Entry/TP levels as trendlines on a chosen side of the Border channel. By default, it will act as before — draw two channels (Entry and Take-Profit) around the given Border channel. If new the input parameter Sides is set to Upper or Lower instead of Both, the script will draw trendlines on a selected side only. This may help when you expect breakout from that […]
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