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Day: August 5, 2014
August 52014
Greenback Gains Across the Board
US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground. Many expect that economic data will show that the US economy continues to strengthen. Even though the dollar lost some ground toward the end of last week, with disappointing jobs data pulling the greenback lower, this week […]
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August 52014
UK Pound Fights Back in Currency Trading
The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro. Last week, the sterling was lower against many of its major counterparts, including the euro, which has its own problems. There are still issues with […]
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August 52014
Finally — Automated Way to Detect Channels
According to the recent poll, this blog’s readers have shown a rather high level of interest for seeing a Channel Pattern Detector indicator for MetaTrader. The actual indicator is now available for download, testing and further improvement if you are knowledgeable in MQL and are interested in pattern recognition. The indicator’s Channel Pattern Detector explains quite well how to use the Channel Pattern Detector, so I just want to mention a few things here: […]
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August 52014
EUR/USD Continues Its Fall After US Macro Releases
The dollar added to its gains versus the single European currency today following the two important macroeconomic reports that were released at about 14:00 GMT. The EUR/USD currency pair declined before reports too when the markets reacted to poor PMI reports from the European countries during the early trading session. ISM services PMI unexpectedly jumped from 56.0% to 58.7% in July, while only a modest growth to 56.5% was […]
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