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Day: January 25, 2016
January 252016
Display Weekly and Monthly Market Profile in MetaTrader
After introducing the MetaTrader Market Profile indicator back in 2010, today I have finally updated both the MT4 and MT5 versions to work with weekly and monthly trading sessions in addition to the daily ones. Also, I have improved its functionality and fixed a number of bugs: Color scheme selection is now done with a dropdown list rather than by a numeric input. Both MT4 and MT5 now feature a description with basic instruction […]
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January 252016
Week Starts with Risk-Off Sentiment, Sending Yen Higher
The Japanese yen found help from the risk-negative sentiment that prevailed on the Forex market at the start of the trading week. The drop of crude oil and global stocks soured the traders’ mood, making them less willing to take risk. The drop of crude oil prices and the subsequent fall of stock markets were the main drivers for the FX market today. As a result, risky currencies found themselves under pressure while safer options, like the yen and gold, […]
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January 252016
NZ Dollar Fails to Rally, Dragged Down by Crude Oil
The New Zealand dollar has attempted to rally earlier during the current trading session but fell back below the opening level as of now. The reason for the decline was the drop of crude oil prices that dragged commodity prices down at the start of the week. Crude oil resumed its decline, falling more than 2 percent today. The drop of oil prices triggered a rout of global stocks. All these factors made the trading […]
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