• Dollar Awaiting Euro, Risk Guidance, S&P Warns of Downgrades
• Euro Refuses Trend after Greek Announcements, ECB Decision Up
• British Pound Deviates from Euro Intraday – An Expectation of Stimulus?
• Australian Dollar: RBA New Member Taking Aim at High Currency
• New Zealand Dollar Can’t Sustain Volatility after Employment Report
• Japanese Yen: Officials Trying to Be More Creative with Intervention
• Gold Consolidating as ECB and BoE on Deck to Define Stimulus

Dollar Awaiting Euro, Risk Guidance, S&P Warns of Downgrades

The dollar doesn’t move under its own power. It

Read more…

Short-term correlation studies suggest crude prices are seeing some re-coupling with market-wide sentiment trends after tensions between Iran and Western powers overtook the spotlight last week. This puts the spotlight on the Eurozone with traders focused on the outcome of the ECB interest rate decision and a meeting of the currency bloc’s finance ministers meant to finalize agreement on the second Greek bailout.

Markets seem reasonably sanguine about whatever happens with Greece. E

Read more…

Expert Advisor Visual Wizard for MetaTrader 5 provides a highly intuitive graphical environment with a comprehensive set of predefined trading blocks that let you design Expert Advisors in minutes. No coding, programming or MQL5 knowledge is required.

The click, drag and drop approach of Expert Advisor Visual Wizard allows you to create visual representations of forex trading strategies and signals as you would with pencil and paper. These trading diagrams are analyzed automatically by Molanis’ MQL5 code generator that transforms them into ready to use Expert Advisors. T

Read more…

EUR/USD: 1-Hour

For the past couple of the days, EUR/USD has been rallying strongly. That being said, I think it’s safe to say that the pair’s trend is up, which means going for long trades is a good idea. Looking at the 1-hour chart, we can see that the pair is currently on retracement mode as it makes its way to a former broken resistance. If you’re bullish on the pair, this level could be a nice opportunity to buy at a cheaper level and ride the trend, especially since the level lines up nicely with the 38.2% Fibonacci retracement level.

Read more…