Day: May 16, 2016

May 16
2016

How to Save and Load Indicator Settings in MetaTrader — Tutorial

Many MetaTrader users are struggling to work with indicators on multiple charts. They pose a reasonable question: “Is there a way to save indicator input parameters from one chart and easily load them on another?” The answer is: “Yes, it is definitely possible!” Traders often ask me about it in connection with the Position Size Calculator indicator — it has particularly many input parameters to configure; at the same […]

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May 16
2016

EUR/USD Lower Despite Dollar’s Weakness

The US dollar traded broadly lower against its major peers during Monday’s trading as the New York manufacturing index was surprisingly abysmal. Yet this did not prevent EUR/USD from moving lower. The currency pair displayed a short-lived move to the upside after the report but resumed its downside movement rather quickly. NY Empire State Index demonstrated a stunning drop, falling from 9.6 to -9.0 in May. […]

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May 16
2016

Euro Mostly Rangebound as Forex Traders Consider Data

Euro is mostly rangebound today as Forex traders and analysts consider data and contemplate the week ahead. The 19-nation currency has been struggling lately, thanks in large part to forecast revisions and data improvements for the US dollar. Last week, the euro traded within well-known ranges, and it appears that this week is off to a rangebound start for the 19-nation currency. Forex traders and analysts are considering the most recent batch of data, […]

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May 16
2016

Loonie Rallies Against Major Currencies as Oil Rises

Canadian dollar is heading higher today, gaining ground against its major counterparts as oil prices continue to recover to some degree. There are expectations for more loonie weakness in the future, but for now the currency is ahead. Loonie has been rallying a little bit, thanks in large part to higher oil prices. Oil is gaining right now, as worries about the situation in Nigeria prompt concern about supply. […]

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May 16
2016

Japanese Yen Unable to Profit from China’s Poor Data

The Japanese yen was among losers on the Forex market today, failing to capitalize on poor economic data released from China over the weekend. The yen had attempted to rally earlier during the current trading session but has failed and is trading lower versus its most-liquid peers. The threat of an intervention and monetary accommodation from Japan’s central bank adds to the downside momentum of the currency. Analysts say that traders are focused […]

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May 16
2016

Australian Dollar Rises as Chinese Data Fails to Lead Markets

China released a few macroeconomic indicators over the weekend, and all of them were bad. Yet this had little impact on the Forex market and did not prevent the Australian dollar from rallying. China’s industrial production, retail sales, and fixed asset investment in April were not only below the March’s readings but also failed to meet market expectations. Usually, worse-than-expected data from China has a noticeable impact on currencies, […]

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