The EUR/USD pair came out of its consolidation phase this morning, having dropped below the level of 1.1900 on the back of attempts of the US dollar to extend yesterday’s recovery trend. However, the spike was short-lived and the pair regained its positions above the level of 1.19, as markets remain cautious ahead of the speech of the next Fed Chair Jerome Powell. Investors await that Mr. Powell’s testimony could shed some light on how he intends to run the central bank. On the other side, positive comments regarding possible compromise in German politics help the common currency to keep its upbeat tone, which in turn positively affects the pair. Besides Mr.Powell’s testimony, investors will pay attention to the US CB consumer confidence for fresh trading opportunities during the NA session.
The GBP/USD pair keeps a positive tone on Tuesday, as the US dollar eased pressure on its main competitors. Seems that the market mainly ignored BoE Governor M.Carney’s speech, where he was speaking on potential risks to financial stability associated with Brexit. However, further upside looks limited, as US dollar is still positive and its further attempts to recover positions will negatively affect the pair. Adding to this, renewed concerns surrounding Brexit negotiations, triggered by lack of clarity on the Irish border issue also provide some negative pressure on GBP at the first half of this week. Nothing else is scheduled in the UK data calendar, so the speech of the next Fed Chief J.Powell and the CB’s consumer confident report should grab all the attention later in the NA session.
The NZD/USD pair was top gainer of this Asia, despite US dollar attempts to recovery its positive tone, which was seen during last NA session. Today the pair once again refreshed its 2-week highs at 0.6945 spot, as risk-on sentiments returned to the market. However, further upside of the pair could be limited on the back of attempts of the US dollar to correct its positions after last week events. Adding to this, yesterday’s hawkish Fedspeaks and higher-than-expected data from the US housing market also provide USD with some support, which is another negative factor for the pair. On the data front, today all traders attention will remain focused to the US CB’s consumer confidence data and the Fed Chair Designate Jerome Powell’s confirmation hearing before the Senate Committee, which will help traders to grab some short-term opportunities during the NA session.
The AUD/USD pair was trading without clear direction at the start of European trades amid lack of catalysts and stalled US dollar’s recovery. Yesterday the greenback caught fresh bids following comments by Dallas Fed President Robert Kaplan, who reinforced market’s expectations of Fed rate hike by the end of this year, forcing the pair to retreat from its 2-week highs, marked at 0.7644 spot. However, stalled recovery of the US dollar and renewed risk appetite allowed the pair to consolidate its positions in the region of 0.7600-20 during the Asia. Today the US economic calendar contains CB’s consumer confident data and Fed Chair Designate Jerome Powell’s testimony before the Senate Committee, which will help the pair to form its further short-term trend during the NA session.
The main events of the day:
FOMC Member J.Powell’s Speech – 16.45 (GMT +2)
US CB Consumer Confidence – 17.00 (GMT +2)
Support and resistance levels for the major currency pairs:
EURUSD S. 1.1852 R. 1.1984
USDJPY S. 110.36 R. 112.04
GBPUSD S. 1.3263 R. 1.3409
USDCHF S. 0.9760 R. 0.9848
AUDUSD S. 0.7562 R. 0.7664
NZDUSD S. 0.6822 R. 0.6970
USDCAD S. 1.2648 R. 1.2830
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One Click Trading is a very important and useful tool developed on the basis of Level2 application. One Click Trading makes it very easy to monitor the markets and react to the market changes on time. One click is enough to catch the best price and make a beneficial trade.
To install OCTL2P you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box. Before installing OCTL2P we suggest you close all running applications including MT4 terminals.
Read the license agreement, select the check box I accept the agreement and click Next to proceed.
Indicate directory where you previously installed MetaTrader 4. To start the installation click Install.
When the installation process is finished, the Next button will be activated.
Click Finish to close the installation dialog box. Activate Launch MT terminal option if you want MT4 launched after you click Finish.
Before you activate OCTL2P, please, check the settings: launch the MT4 trading platform, from main menu choose Tools → Options, in the opened window select the Expert Advisors tab and switch on the Allow automated trading and Allow DLL imports options and click OK.
To activate the Expert Advisor in the Navigator window, click Expert Advisors. Installed EA should be seen in the list. Double-click on OneClickTradingLevel2 or simply drag and drop it onto the chart. Click OK.
If the EA is activated successfully, a smiley will be seen in the top right corner of the chart.
Metatrader 4 is a modern and easy-to-use trading platform for online trading. It ensures round-the-clock access to financial markets and market information as well as quick order execution. With Metatrader 4 traders may take advantage of using Expert Advisors, Indicators and develop their own trading strategies.
To install Trading platform ForexEE MT4 you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box.
Read the license agreement, select the check box Yes, I agree with all terms of this license agreement and click Next to proceed.
Please indicate installation directory for MetaTrader4 and choose name for Start Menu folder Start → All Programs. We recommend using the default installation settings. Also select a relative check box if you want to Create a desktop shortcut, Оpen MQL5.community website or Launch program after successful installation. Click Next.
Now the program is downloading all necessary files from our server and installing them on your PC. Click Finish when installation is complete. Congratulations! MT4 has been successfully installed on your computer.