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16 03 11:03
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Daily economic digest from Forex.ee

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The EUR/USD pair has finally recovered its positive tone, having bounced off its weekly lows, marked near the level of 1.2300. Seems that the US dollar has run out of stream, all amidst persistent concerns over a global trade war, sparked by recent US President D.Trump’s metal tariffs, thus allowing the pair to recover some pips this Friday. Moreover, Mr.Trump’s decision to fire H.R.McMaster as his national security adviser on Thursday also added some weakness to the US dollar. Today all traders’ eyes will remain glued to the EZ inflation report, while the US data will also be able to attract some attention during the NA session.

 

The GBP/USD pair corrected its positions higher to the level of 1.3950 in early Europe, however, remaining under bearish pressure. Ongoing demand for safety, backed by US President’s tariff plans and fears of “hard” Brexit, and additionally spurred by recent reshuffle of administrative staff of the White House, remain one of the key driving factors across the market this week, thus limiting any chances of the pound to gain any pips beyond the level of 1.4000. Moreover, it is expected that increased interest of investors to less risky assets will continue to dominate the market, as now all attention remains focused on the Fed and BoE meetings, where both regulators are expected to speak about their rate strategies. But today, the UK data calendar won’t bring us anything noteworthy, while the US will publish housing market data and JOLT’s jobs report, which likely will spark some volatility during the NA session.

 

The USD/JPY pair failed to hold its positions and again slipped below the level of 106.00 at the end of this week. The reason of pair’s weakness remains broad risk-off sentiment, triggered by US President D.Tump’s decision to remove National Security Adviser H.R.McMaster from his current positions. This big resignation has accelerated the demand for safe-haven assets, such as the yen. Moreover, the ongoing fears of a global trade war is another factor, which increase markets interest in less risky instruments lately. On the data front, today the US will publish data from labor and housing markets during the NA session, but widespread sentiment, caused by strong risk aversion, will continue to navigate the pair on Friday.

 

The NZD/USD pair is the biggest loser of this trading session, having refreshed its 8-day lows at 0.7241 spot. Today, the widespread trend of risk aversion remains the main driver across the market, thereby exerting notable pressure on the pair. According to the latest reports, the US President D.Trump decided to fire the US National Security Adviser H.R.McMaster. This and previous changes in inner circle of the US President had a significant impact on the risk appetite of the financial market. Moreover, it is expected that the better demand for safety will continue to exert influence on the pair ahead of the Fed and RBNZ monetary policy meetings due next week. Today market’s attention will remain focused on the US macro data, which will be able to bring some fresh trading opportunities during NY trades.

 

Major events of the day:

EU CPI – 12.00 (GMT +3)

US Building Permits – 15.30 (GMT +3)

US JOLTs Job Openings – 17.00 (GMT +3)

 

Support and resistance levels for the major currency pairs:

EURUSD               S. 1.2245 R. 1.2413

USDJPY                 S. 105.54 R. 106.80

GBPUSD               S. 1.3880 R. 1.4016

USDCHF               S. 0.9402 R. 0.9574

AUDUSD              S. 0.7735 R. 0.7915

NZDUSD               S. 0.7226 R. 0.7358

USDCAD               S. 1.2897 R. 1.3145

 

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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.

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