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06 12 01:12
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Daily economic digest from Forex.ee

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The EUR/USD pair failed to keep its yesterday’s recovery trend and once again came under selling pressure, moving closer to its 2-week lows, marked near the level of 1.1800 a day before. Renewed pair’s weakness is mainly attributed to attempts of the US dollar to recover its positions after yesterday’s drawdown, which was triggered by dovish remarks of Fed member Charles Evans, who offered not to rush on Fed monetary policy tightening. However, fresh wave of risk aversions amid the latest North Korea headlines provided some support to the euro and as a result limited pair’s retreat. Today all traders’ attention will be focused on the US ADP report, which will provide investors with clues on what to expect from the key event of this week – NFP date release.

 

The GBP/USD pair remains offered for the second day in a row, slipping below the level of 1.3400. In Asia, the pair accelerated its decline amid news reports of an attempt to assassinate the UK PM Theresa May by the Islamist terrorists. Fortunately, the British security services managed to prevent the upcoming assassination attempt on the PM. Moreover, broad risk aversions, backed by renewed political tensions between the US and N.Korea, and ongoing uncertainty around Brexit are also collaborating with pair’s decline lately. On the other hand, broad downside correction of the US dollar, triggered by yesterday’s dovish remarks of Fed member Evans, lent some support for the pair, thus limiting its losses. Looking ahead, today traders’ attention will remain focused on the data from the US labor market, while widespread sentiments, driven by recent Brexit progress, or its absence, will remain the key driving factor for the pair on Wednesday.

 

The USD/JPY pair remains one of the weakest assets of Asia on the back of several bearish factors, which are navigating the market at the equator of this week. Yesterday the pair came under wave of selling pressure on the back of another US dollar correction across the market, having refreshed its weekly lows in the region of 112.00 mark. Moreover, renewed risk-off sentiment, triggered by recent North Korea headlines, saying that latest US actions are a provocation of a nuclear war, also contributes to pair’s downside trend. Now all traders’ attention shifts towards the US ADP Nonfarm Employment Change numbers for fresh trading opportunities ahead of the key NFP report due out on Friday.

 

The AUD/USD pair once again was showing volatile dynamics during the Asian trading session, this time in wake of negative Australian data. Earlier today, the pair came under strong selling pressure, having refreshed its 3-day lows, after Australia published disappointing GDP results. Moreover, prevalent risk-off moods, triggered by latest headlines from Korean Peninsula, drives flows away from higher-yielding assets, such as the Aussie, thereby adding some extra pressure on the pair on Wednesday. On the data front, today all eyes remain on the US ADP jobs report, which is considered as a preview of the key report from the US labor market – NFP, which will be released on Friday.

 

The main events of the day:

US ADP Nonfarm Employment Change – 15.15 (GMT +2)

BoC Interest Rate Decision – 17.00 (GMT +2)

US Crude Oil Inventories – 17.30 (GMT +2)

 

Support and resistance levels for the major currency pairs:

EURUSD               S. 1.1758 R. 1.1910

USDJPY                 S. 112.11 R. 113.09

GBPUSD               S. 1.3321 R. 1.3537

USDCHF               S. 0.9815 R. 0.9915

AUDUSD              S. 0.7560 R. 0.7676

NZDUSD               S. 0.6821 R. 0.6935

USDCAD               S. 1.2583 R. 1.2757

 

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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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