GBPUSD may be forming a cycle bottom at 1.6058 level on 4-hour chart. Consolidation in a range between 1.5800 and 1.6058 would likely be seen in a...
GBPUSD may be forming a cycle bottom at 1.6058
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JPY, USD firmer in Asian trade
The JPY and USD have firmed in overnight Asian trade, with risk aversion slightly heightened, and with Asian stocks posting losses. EUR/USD is down at 1.3865 from a North American close Monday around 1.3900, while EUR/JPY is down at 136.10 from around 136.95. Asian market seems to have picked up...
AUD/JPY intraday seasonality overview, 2003-2010
This report continues a new series of reports about intra-day "seasonality" effects in FX. Like in EUR/USD, the hourly movements in AUD/JPY do not precisely average to zero for every hour of the day. Moreover, there appears to be a statistically preferred time to bet on a trend reversal in AUD/JPY....
USD/JPY resistance line eyed at 98.50
USD/JPY has rebounded along with the broad dollar as EUR/JPY losses its risk barometer role. The dollar is moving in more monolithic fashion, making life somewhat easier for the market at the moment. Modest resistance is seen at the 98.50 level from a resistance line drawn off the 98.90 highs from...
How to show MetaTrader account history profit in PIPs
Greetings dear fellow forex traders. Today I’m going to briefly show how you can get your MetaTrader account history performance statement to show the profit or loss in PIPs. I’m pretty sure there must be a few of you out there who’ve always wondered how to get MT4 to do this....
Bank Indonesia Keeps Interest Rate at 6.00%
Indonesia’s central bank, Bank Indonesia, kept the BI reference rate unchanged at 6.00%. Bank Indonesia Governor, Darmin...