The EUR/USD pair trades with a positive bias, having regained its positions above the level of 1.1950, on the back of broad retreat of the US dollar. Seems that US bulls ran out of steam today after confident start of this trading week, allowing the major currency pair to recover some part of its yesterday’s drawdown. However, slightly improved demand for higher-yielding assets, underpinned by easing tensions over the conflict around North Korea, exerts pressure on the common currency on Tuesday. On the data front, today European data calendar won’t provide the market with any data releases, leaving the pair at the mercy of broad market trend, but during the NA session the speech by Vice-President of the European Central Bank Vitor Constancio and the JOLTs job openings report will be able to spark some volatility on the pair.
The GBP/USD pair regained its positive mood in Asia, having recovered its previous session’s losses on the back of positive news over Brexit. Today became known that the UK Parliament voted for the EU Withdrawal Bill, offered by UK PM T.May, which repeals the laws and norms of the EU on the territory of the country. This news added some positive sentiments around the pound, as it is another step towards severing ties between UK and EU and according to Ms.May’s comments it “gives clarity and certainty” in the Brexit process. Adding to this, renewed weakness of the US Dollar also collaborates with pair’s upside traction this Tuesday. However, any further sharp moves of the pair are seen unlikely, as we are heading closer to the main event of this week – BoE interest rate decision, which will take place on Thursday. Now immediate focus shifts towards UK inflation readings, which will hog the limelight during the European session, while data from the US labor market will also be able to attract investors’ attentions later this Tuesday.
The dollar/yen pair stalled its upside traction and was consolidating its positions in 20 pips range around the level of 109.40 in Asia. Seems that markets are still digesting weekend’s N.Korean inactivity, thereby easing demand for safe-haven assets, which in turn appears supportive to the pair. However, further upside of the pair looks unlikely, as the greenback has lost its confidence after a positive start of this week. As for the data, today the US will release the JOLTS Job Openings report, which will be able to bring some trading opportunities during New-York trades, while upbeat risk-on sentiments and the US dollar price dynamics will remain as key driving factors of the pair throughout this Tuesday.
Seems that the AUD/USD pair regained a smile on Tuesday, having faced support on its psychological level of 0.8000. The pair has reversed its overnight losses and now is navigating in the north direction, as slightly improved demand for higher-yielding assets, underpinned by fading geopolitical tensions around North Korea, supports the Aussie on Tuesday. Moreover, slight retreat of the US dollar after its positive rally, seen on Monday, also collaborates with pair’s upside on Tuesday. Today nothing much is scheduled in data calendar, except the report from the US labor market, which will be able to bring some short term impetus later ahead, so broad risk trend and USD price actions will continue to determine pair’s further trajectory during this trading session.
The main events of the day:
UK CPI – 11.30 (GMT +3)
US JOLTs Job Openings – 15.30 (GMT +3)
Support and resistance levels for the major currency pairs:
EURUSD S. 1.1894 R. 1.2058
USDJPY S. 107.58 R. 110.40
GBPUSD S. 1.3120 R. 1.3244
USDCHF S. 0.9417 R. 0.9641
AUDUSD S. 0.7995 R. 0.8075
NZDUSD S. 0.7187 R. 0.7327
USDCAD S. 1.2052 R. 1.2198
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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.