Day: July 24, 2017

July 24
2017

Spread Display and Take-Profit Multiplier in Position Size Calculator

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug. Take-profit button multiplier (set via input parameter) can be used to multiply SL value when setting up TP using the button: Spread display can now be turned on and observed […]

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July 24
2017

Great Britain Pound Rallies, Ignores IMF Downgrade

The Great Britain pound gained against its most-traded rivals during the current trading session, rising for the first time after five consecutive sessions of losses versus the Swiss franc and the Japanese yen, even though the International Monetary Fund revised its growth outlook for the United Kingdom. Traders hold breath waiting for Britain’s and European Union ministers to negotiate trade deal, hoping that it will smooth the process of the nation’s departure […]

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July 24
2017

EUR/USD Slips, Remains Near Highest Since August 2015

EUR/USD slipped today, though remained near the highest level since August 2015 as the dollar continued to feel the pressure of adverse fundamentals. Among them were the inability of US President Donald Trump to push with his reforms and the investigation into alleged ties of Trump’s election campaign to Russia. As for today’s economic reports in the United States, they were mixed. Markit released flash readings for manufacturing and services PMIs today. Manufacturing PMI […]

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July 24
2017

Canadian Dollar Gains as Wholesale Sales Rise to Record

The Canadian dollar rose today thanks to the surprisingly good wholesale sales reading, which increased chances for monetary tightening from the Bank of Canada. Canada’s wholesale sales rose 0.9% in May, exceeding the median forecast of 0.5% and reaching the record high. The April gain was revised from 1.0% to 0.8%. The positive indicator added to the slew of positive data that make analysts believe in monetary tightening from the BoC in the near future. Today’s […]

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July 24
2017

US Dollar Edges Higher Ahead of Fed Meeting, Despite Disappointing Home Sales

The US dollar edged higher against a basket of major currencies on Monday ahead of the Federal Reserve’s monetary policy meeting that starts tomorrow. The greenback was able to maintain today’s gain even after a report revealed disappointing existing home sales in June. The Federal Open Market Committee will start a meeting that will last two days tomorrow to decide the US monetary policy. Bullish outlook by Federal Reserve officials […]

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July 24
2017

Euro Loses Ground on Slew of Lackluster Business Activity Data

The euro lost ground against the US dollar on Monday, declining from the highest level since January 2015 in the wake of fresh reports on business activity within the euro zone. The shared currency also dropped against the British pound after being weighed by similar releases in France and Germany, the two biggest economies in the European Union. IHS Markit, which releases monthly flash readings for business activity in the euro zone, stated earlier today […]

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July 24
2017

Japanese Yen Gains Despite Slower Manufacturing Growth

The Japanese yen gained against its major peers even though the growth of the nation’s manufacturing sector slowed more than expected this month according to the preliminary reading. Markit reported that the Nikkei Flash Japan Manufacturing PMI fell from 52.4 in June to 52.2 in July. It was slightly below the average forecast of 52.3. But the yen did not pay heed to the data, possibly gaining strength from the World […]

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July 24
2017

Polish Zloty Gains as President Duda Vetos Controversial Reform

The Polish zloty gained today after Polish President Andrzej Duda made a surprise announcement that he is going to veto part of the controversial reform to the judicial system. Duda said that he will repeal two of the three bills that could threaten the division of power, which led to protests across the country. The President said: I have decided that I will send back to Sejm (lower house of parliament), which means […]

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