EUR/USD remained in decline for the fourth trading session in a row on Monday. This trading week should be very important for the currency pair as the European Central Bank will conduct its policy meeting Thursday, and the vast majority of experts believe that the central bank may announce an expansion of its monetary stimulus. As for US news, market participants wait for the release of nonfarm payrolls on Friday. Chicago PMI fell to 48.7 in November from 56.2 […]
Read moreI am releasing a new version of Position Size Calculator indicator today. The main new feature is the display of pips distance for stop-loss and take-profit below the respective lines on the chart. It is turned on by default, so you will need to set ShowLineLabels to false if you do not like the new feature. Other changes in this new version: Fixed a bug with the text label for commission per lot not deleting […]
Read moreMany experts and policymakers are watching today for the announcement that the Chinese yuan (also called the renminbi) will be added to the IMF’s Special Drawing Rights basket. The IMF uses a basket of currencies, called Special Drawing Rights, as a defacto currency. This asset can be used for transactions between the IMF and central banks around the world. Christine Lagarde, the head of the IMF, backs the idea of including the yuan in the basket, and the move is expected […]
Read moreUS dollar index is higher today, thanks in large part to the continued struggles of the euro. With the dollar index above 100, many are looking to see if it reaches the highs seen last March. There is a lot ahead this week, and much of it could have an impact on the performance of the US dollar and the dollar index. The ECB is meeting this coming week, and expectations for more stimulus could mean […]
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