The EUR/USD pair broke through its psychological resistance level of 1.20 in European morning, extending its multiyear highs. Currently the main currency pair is trading in the region of 1.2050, having refreshed its tops at 1.2070, which is the highest level since January 2015. The offered tone behind the greenback, triggered by disappointing speech of Fed Chair J.Yellen, remains one of the key navigators across the market, thereby supporting the pair. Adding to this, recent speech by ECB President M.Draghi at the Jackson Hole Symposium was perceived by markets as hawkish, as the head of the regulator was talking about plans of the ECB regarding tapering the QE program, that has strongly boosted speculations on divergence between the Fed and ECB, which, in turn appear, supportive to the pair. Moreover, persisting risk-off moods, ignited by escalated North Korean tensions, are also positively affecting the shared currency. Looking ahead, today we have another light data calendar, as only US CB Consumer Confidence numbers will offer fresh impetus to the pair, so widespread US dollar’s retreat and risk-off market trend will continue to lead the pair throughout this trading session.
The dollar/yen pair refreshed its 4-month lows at 108.33 spot in Asia in wake of recent headlines that N.Korea missiles entered Japanese air space. Tonight several missiles were fired from the Korean peninsula, which passed over Japan and fell into the waters of Pacific Ocean near Japanese island Hokkaido. Japanese policymakers have already named this incident as an unprecedented and a grave threat. These recent events have strongly boosted demand for safe-haven assets, thereby supporting the yen across the market. However, the pair managed to correct higher and by the time of writing was trading in the region of 108.80. Later today, it is expected that the pair will remain under pressure, as weaker US dollar also weights the pair in the first half of this working week. On the data front, today investors will focus their attention on US CB Consumer Confidence numbers, which will be released in the NA session, while risk-off trend and selling interest around the greenback will continue to remain as key driving factors across the market throughout this Tuesday.
The GBP/USD pair extends its winning streak for the fourth consecutive session, recovering from multimonth lows, touched last week, despite weaker demand for higher-yielding instruments. Pair’s strong bullish rally is mainly driven by ongoing sell-off of the US dollar, triggered by Friday’s uninformative speech of Fed Chair J.Yellen, which was perceived by the markets as “dovish”. On the other hand, accelerated flight to safety, fueled by overnight reports of the North Korean missile launch, and increased concerns, surrounding upcoming Brexit negotiations, may limit pair’s further upside, since the pound is a highly volatile tool. Now market participant are shifting their focus on the US data, which are expected later today, while weak sentiments surrounding the US dollar and low risk appetite will continue to drive the pair on Tuesday.
The NZD/USD the pair was trading southward during the Asian trading session, as broad risk aversion was dominating the market. Escalation of political relations between the US and North Korea remains the main driving factor across the market on Tuesday, as news about another missile test launch by N.Korea spooked market participants once again. These latest developments negatively affected all higher-yielding assets, including the Kiwi. On the other hand, ongoing weakness of the US dollar, backed by Fed Chair J.Yellen’s disappointing speech, will continue to support the pair during this trading session. Today we will have another quiet data session, with only US consumer confidence data scheduled in the today’s economic calendar, so broad risk sentiments and US dollar price dynamics will continue to determine pair’s further development course.
The main events of the day:
US CB Consumer Confidence – 17.00 (GMT +3)
Support and resistance levels for the major currency pairs:
EURUSD S. 1.1892 R. 1.2074
USDJPY S. 108.84 R. 109.62
GBPUSD S. 1.2845 R. 1.2985
USDCHF S. 0.9501 R. 0.9603
AUDUSD S. 0.7899 R. 0.8005
NZDUSD S. 0.7217 R. 0.7281
USDCAD S. 1.2419 R. 1.2553
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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.