Day: May 18, 2018

May 18
2018

New Position Size Calculator: SL and TP Which Follow Entry Line and Are Set in Pips

The newest version (2.14) the Position Size Calculator indicator, which is released today, introduces a new way to set stop-loss and take-profit for your potential trade setups. You can set the new input parameters UseFixedSLDistance and UseFixedTPDistance to true to turn this new mode on: The example of what happens when both SL and TP are set to fixed distance is shown below: The new version also fixes a minor bug […]

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May 18
2018

Muted EURUSD Response to Larger Trade Surplus

EUR Analysis and Talking Points Muted reaction in the Euro after a wider than previous surplus. Falling imports and exports suggest trade tensions are holding back global activity. See our Q2 EUR forecast to learn what will drive the currency through the quarter. Trade Tensions Holding Back Global Trade The Euro and the Dax saw […]

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May 18
2018

US AM Digest: CAD Underperforms After Inflation Slows

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA (unch), Nasdaq 100 -0.4%, S&P 500 -0.1% Major Headlines Canadian Inflation slows to 2.2% vs. Expected of 2.3% Five Star and League agree on government programme China denies reports over […]

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May 18
2018

Canadian Dollar Declines Against US Dollar on Weak Canadian CPI

The Canadian dollar today dropped significantly against the US dollar following the release of disappointing Canadian CPI data in the early American session. The loonie’s losses were further compounded by the stronger US dollar, which was boosted by rising US Treasury yields. The USD/CAD currency pair today rallied from a low of 1.2787 to a high of 1.2909 gaining over 120 points in the early American session. The loonie was initially stronger than the greenback […]

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May 18
2018

EUR/USD Trades Sideways as US Dollar Rally Wanes, Later Declines

The EUR/USD currency pair was in a consolidative phase during the Asian session even as US Treasury yields hit new highs overnight and the greenback rally lost some momentum. The release of the German wholesale price index in the early European session was one of the triggers behind the currency pair’s decline as the euro weakened against the US dollar. The EUR/USD currency pair was trading between a high of 1.1821 and a low of 1.1775, but had recovered […]

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May 18
2018

Asia AM Digest: CAD Down, Yen Awaits CPI and Stocks May Rise

A Look Ahead – Japanese Yen Faces Potential Local CPI Miss The Bank of Japan removed any precise mention in regards to the timing for reaching two percent inflation in its most recent monetary policy announcement. This comes ahead of April’s Japanese CPI report which is due early into Friday’s Asia trading session. On the […]

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May 18
2018

Kuroda May Not Like CPI Miss More Than Yen, JPY Eyes Risk Trends

USD/JPY CPI Data Talking Points: The Japanese Yen was cautiously weaker on a local inflation miss in April Persistent disinflation may irk BoJ’s Governor Kuroda, look for his reaction USD/JPY remains in ascending channel and could test a trend line from 2015 Find out what the #1 mistake that traders make is and how you […]

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May 18
2018

Asian Stocks Mixed, Narrow With China/US Trade Talks In Focus

ASIAN STOCKS TALKING POINTS: Most Asian stocks were broadly higher, if not by very much Investors have reduced expectations of trade talks between China and the US The US Dollar remains in the ascendant, weak inflation weighed on the Japanese Yen What’s the #1 mistake that all traders make? Asian stocks were mixed on Friday […]

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