Forex broker Forexee
08 03 12:03
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Daily economic digest from Forex.ee

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The EUR/USD pair was consolidating its positions in Asia within 1.2390-1.2410 trading range, as markets are awaiting for the outcome of the ECB meeting. As it is widely expected, the regulator won’t surprise us with any notable changes in its monetary policy, as we haven’t seen any acceleration in euro area’s inflation growth pace. However, comments from ECB officials regarding further prospects of the economy will be able to spark some volatility. The ECB meeting with the following press conference will remain the main and the only market-moving event, scheduled for today, so during the NA trading session the pair will be guided by widespread market sentiment, which will help it to form a further trajectory.

 

The USD/CAD pair came under bearish control this Thursday, having lost more than a cent since yesterday’s highs, marked at 1.3001 spot. On Wednesday, the meeting of the BoC took place, where the regulator left its interest rate unchanged. In its accompanying statement the Bank showed dovish stance, talking about data dependency and uncertainty, coming from the US economy. However, bears managed to retake control over the pair, following fresh updates on the US tariff plan. According to latest reports, the US President is going to announce tariffs on metal import, which may not affect Canada and Mexico depending on NAFTA negotiations, which is being the key reason of pair’s recent retreat. On the data front, today the US data calendar won’t offer investors anything noteworthy, however, markets will focus their attention on the BoC Governor S.Poloz’s speech, which will be able to bring some volatility during the NA session.

 

The GBP/USD pair has stalled its upside, remaining in the vicinity of 1.3900 level, after five days at a profit. Seems that UK bulls are not yet ready to give up, pushing the pound higher against its major competitors. The recent upside trend of the pair is mostly attributed to the streak of positive macro data, released by the UK economy recently. Moreover, positive results of the British economy make investors to believe that the BoE will implement monetary policy tightening measures, with the first expected in May.  However, worries around hard Brexit are still being weighing the UK currency amid lack of progress in negotiation process. In the day ahead, no surprises are expected, as both economies will keep silence, leaving the pair at the mercy of widespread trend this Thursday.

 

The USD/JPY pair trades in the south direction today, as the yen remains in sight for buyers. The key reason of pair’s recent decline could be called auspicious Japanese GDP numbers, which helped the yen to gain advantage over its US competitor. On the other side, easing tension around global trade war makes investors to pay attention to higher-yielding assets, thus putting some pressure on the Japanese currency. However, it is expected that the pair won’t show any sharp moves later today, as we are heading towards the BoJ meeting, where the head of the regulator is expected to give more detailed information about recently mentioned stimulus exit strategy. The meeting of the Japanese regulator will take place during the next Asian trading session, but until then the pair will continue to follow broad market trend amid lack of data releases from the US side.

 

Major events of the day:

ECB Interest Rate Decision – 14.45 (GMT +2)

ECB Press Conference – 15.30 (GMT +2

BoC Governor S.Poloz’s Speech – 17.00 (GMT +2)

 

Support and resistance levels for the major currency pairs:

EURUSD               S. 1.2353 R. 1.2473

USDJPY                 S. 105.14 R. 106.68

GBPUSD               S. 1.3821 R. 1.3953

USDCHF               S. 0.9326 R. 0.9496

AUDUSD              S. 0.7747 R. 0.7867

NZDUSD               S. 0.7235 R. 0.7325

USDCAD               S. 1.2802 R. 1.3054

 

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OCTL2P Installation and Activation Print

One Click Trading Level2 Plugin

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.

Installation and activation

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.

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Read the license agreement, select the check box I accept the agreement and click Next to proceed.

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Indicate directory where you previously installed MetaTrader 4. To start the installation click Install.

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When the installation process is finished, the Next button will be activated.

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Click Finish to close the installation dialog box. Activate Launch MT terminal option if you want MT4 launched after you click Finish.

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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.

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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.

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If the EA is activated successfully, a smiley will be seen in the top right corner of the chart.

MT4 Installation Print

Trading platform MetaTrader 4

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.

System requirements: Microsoft® Windows® XP or later.

Installation

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.

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Read the license agreement, select the check box Yes, I agree with all terms of this license agreement and click Next to proceed.

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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.

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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.

Forex broker Forexee

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