The EUR/USD pair paused its 2-day retreat and now is navigating towards the level of 1.1800. On Friday, the pair came under strong selling pressure, slipping below the level of 1.1750, on the back of news that the US Senate is expected to pass the vote on tax reforms this Tuesday and President Donald Trump is aiming to sign the bill by week’s end. However, the US dollar was unable to consolidate its positions and corrected lower at the beginning of this week, allowing the pair to recover some pips. Now all investors’ attention remains focused on the EU CPI report, which is the only important data released for today, so the US dollar price dynamics will assume as the main navigator for the pair this Monday.
The GBP/USD pair extends its recovery after a sharp Friday’s decline, caused by positive rally of the US dollar against its main competitors, while rising to the region of 1.3350. At the end of the last week, the US dollar received strong bullish impetus on the back of fresh signs of progress, seen on the US tax-cut legislation. On the other hand, recent comments of the UK PM Theresa May, who said that work on Brexit continues, no matter what, also exert some support to the pound. However, uncertainty over Brexit still grips the market, as UK and EU now have to reach an agreement on trade deal. Today nothing important is scheduled in both data calendars, so the US dollar price dynamics and fresh developments regarding Brexit will continue to determine pair’s further direction.
The AUD/USD pair regained its positive tone at the start of this week, navigating towards its monthly highs, marked at 0.7694 spot on Friday. Today the downward correction of the US dollar after its significant growth, backed by renewed optimism around US tax reform, remains the key driving factor across the market, which, in turn, supports the pair on Monday. Adding to this, positive sentiments on the commodity market, especially around copper prices, and recent upbeat data from the Australian labor market also contributes to pair’s upside trend at the beginning of this week. On the data front, today we expect a rather quiet trading session, as the US calendar won’t bring us anything noteworthy, while the US dollar price dynamics will continue to determine pair’s further direction.
Bitcoin is still in a trend. Seems that Bitcoin bulls do not feel the tired, once again forcing the BTC/USD pair to refresh its all-time highs at 19,850.00 spot this weekend. Recent Bitcoins positive rally is mainly attributed to news that another the US based exchange (CME Group) launched bitcoin futures. However, the pair couldn’t keep its positions near its recent tops and corrected lower to the region of 18,000.00. By the moment of writing, the pair had already managed to recover some pips and was trading at 18,548.00 spot, while market capitalization of the largest crypto currency exceeded the mark of 319 billion USD, according to data, available on coinmarketcap.com.
The main events of the day:
EU CPI – 12.00 (GMT +2)
Support and resistance levels for the major currency pairs:
EURUSD S. 1.1706 R. 1.1834
USDJPY S. 111.74 R. 113.16
GBPUSD S. 1.3207 R. 1.3501
USDCHF S. 0.9841 R. 0.9963
AUDUSD S. 0.7600 R. 0.7714
NZDUSD S. 0.6942 R. 0.7052
USDCAD S. 1.2679 R. 1.2989
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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.