The EUR/USD pair remains better bid this Monday, moving closer to the mark of 1.2300. Today, one of the key driving factors remains slight retreat of the US dollar against its main rivals, which could be explained by the breather of US bulls after significant upside rally of the greenback, witnessed last week. However, further sharp moves of the pair look limited, as investors start to prepare for the next market-moving event – the US CPI report, which will be released on Wednesday, and is expected to have a significant impact on the position of the US dollar. Meanwhile, today we will have pretty calm trading session, as both economic calendars won’t bring us anything noteworthy, so the pair will continue to follow broad market trend at the start of this trading week.
The GBP/USD pair remains positive on Monday, extending its recovery from monthly lows, marked on the level of 1.3764 during the last trading session. Today we observe several positive factors that support the pair, and the first of them is increased demand for risky assets, which positively affects higher-yielding pound. Moreover, it seems that the market is still digesting recent hawkish rhetoric of the BoE Governor M.Carney, who considers potential tightening of the monetary policy, as the UK economic continues to show positive results. And finally, softer sentiments around the US dollar also support the pair during the first trading session of this week. On the data front, today nothing noteworthy is scheduled in the economic calendar for the pair, while investors have already started to prepare for inflation reports from both sides, which will be released later this week.
The AUD/USD pair started this week on a positive note, extending rebound from its 7-week lows, marked at 0.7759 spot during the last trading session. Today, renewed market’s risk appetite remains one of the key driving factors, which supports higher-yielding Aussie. Moreover, minor retreat of the US dollar against its main competitors also positively affects positions of the pair at the start of this week. However, in near-term perspective the upside trend of the pair looks unlikely, as we are moving closer to the important US inflation data, which is scheduled for Wednesday, and so investors will have to reconsider their opened positions ahead of the big event. In the day ahead, nothing important is scheduled in the US data calendar, so the pair will continue to follow broad market trend, backed by risk sentiments and US dollar dynamics.
The USD/JPY pair remains directionless at the first trading session of this week, wobbling in the narrow range of 108.60-80 in Asia, as bulls and bears are both struggling to take control over the pair. Today, increased demand for riskier assets remains one of the key themes across the market, which is driving flows away from safe-haven yen. On the other hand, mildly bearish dynamics of the US dollar plays the role of a negative driver, thus limiting pair’s further gains. Looking ahead, it is expected that today the pair won’t show any sharp moves amid lack of any important data releases, scheduled in the economic calendar, while Japanese markets will remain closed due to the celebration of National Foundation Day.
Major events of the day:
Japan – National Foundation Day
Support and resistance levels for the major currency pairs:
EURUSD S. 1.2166 R. 1.2330
USDJPY S. 107.44 R. 109.96
GBPUSD S. 1.3634 R. 1.4080
USDCHF S. 0.9322 R. 0.9442
AUDUSD S. 0.7727 R. 0.7871
NZDUSD S. 0.7175 R. 0.7297
USDCAD S. 1.2482 R. 1.2732
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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.
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.