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Day: February 17, 2017
February 172017
Upgrading Easy Trend Visualizer
Easy Trend Visualizer is a really old indicator. I have first uploaded to EarnForex.com back in July 2009 and converted it to MT5 in December that year. Today, I introduced some changes to this trend indicator. First, the MT4 version has been rewritten completely and should be more compatible with the future builds of MT4. Second, prompted by one of the persistently demanding forum members, I have added another alert option to both […]
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February 172017
Euro Fails to Profit from Better-Than-Expected Current Account
The was almost flat against some other most-traded currencies (like the Great Britain pound and the Swiss franc) and logged a sharp decline against others (including the US dollar and the Japanese yen). The eurozone current account recorded a surplus of â¬31.0 billion in December 2016. While it was lower than the November reading of â¬36.4 billion, the actual figure was better than the median forecast of â¬28.7 billion. Yet that did not […]
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February 172017
Euro Fails to Profit from Better-Than-Expected Current Account
The was almost flat against some other most-traded currencies (like the Great Britain pound and the Swiss franc) and logged a sharp decline against others (including the US dollar and the Japanese yen). The eurozone current account recorded a surplus of â¬31.0 billion in December 2016. While it was lower than the November reading of â¬36.4 billion, the actual figure was better than the median forecast of â¬28.7 billion. Yet that did not […]
Read more
February 172017
AUD/USD Bullish Trend Reverses, Despite Positive Australian Employment Data
The AUD/USD currency declined significantly today to reverse the bullish trend that the currency pair has enjoyed since the beginning of the year. This was a major reversal from the currency pair’s rally witnessed yesterday after the release of positive Australian employment data for the month of January. The currency pair had lost close to 50 points from its daily high and was on a downward trend as at the time of writing. The Australian dollar weakened against the US dollar […]
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February 172017
AUD/USD Bullish Trend Reverses, Despite Positive Australian Employment Data
The AUD/USD currency declined significantly today to reverse the bullish trend that the currency pair has enjoyed since the beginning of the year. This was a major reversal from the currency pair’s rally witnessed yesterday after the release of positive Australian employment data for the month of January. The currency pair had lost close to 50 points from its daily high and was on a downward trend as at the time of writing. The Australian dollar weakened against the US dollar […]
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February 172017
Japanese Yen Rises Against Dollar Despite Strong US Economic Data
The Japanese yen rose against its US rival on Friday to extend its gains for the third day in a row, as strong economic data in the United States failed to support the nationâs currency. The yen is set to end the week at its strongest level since February 9. Following a day that mostly lacked new economic releases, the greenback fell against the yen despite solid US economic data on Thursday. A report on jobless claims […]
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February 172017
Japanese Yen Rises Against Dollar Despite Strong US Economic Data
The Japanese yen rose against its US rival on Friday to extend its gains for the third day in a row, as strong economic data in the United States failed to support the nationâs currency. The yen is set to end the week at its strongest level since February 9. Following a day that mostly lacked new economic releases, the greenback fell against the yen despite solid US economic data on Thursday. A report on jobless claims […]
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February 172017
UK Retails Sales Decline, Sterling Loses Ground
The Great Britain pound fell today as Britain’s retail sales logged an unexpected decline last month, continuing the trend of worse-than-expected economic releases. Retail sales were down 0.3% in January from the prior month. Forecasters were completely wrong with their promises of a 1.0% increase. The sterling was data-dependent lately, and so happens the recent macroeconomic data was not stellar, sending the UK currency down. GBP/USD dropped from […]
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February 172017
UK Retails Sales Decline, Sterling Loses Ground
The Great Britain pound fell today as Britain’s retail sales logged an unexpected decline last month, continuing the trend of worse-than-expected economic releases. Retail sales were down 0.3% in January from the prior month. Forecasters were completely wrong with their promises of a 1.0% increase. The sterling was data-dependent lately, and so happens the recent macroeconomic data was not stellar, sending the UK currency down. GBP/USD dropped from […]
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February 172017
New Zealand Dollar Falls as Domestic Data Trails Expectations
The New Zealand dollar declined for the second consecutive session today as economic data released from New Zealand overnight failed to meet economists’ expectations. Retail sales rose 0.8% in the December quarter of 2016 from the previous three months, less than specialists had expected — 1.1%. The seasonally adjusted BusinessNZ manufacturing PMI dropped from 54.2 in December to 51.6 in January. While the index remained in the expansionary territory above the neutral level […]
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