After three months from its maximum price level of 175.364 dated 2014.07.03, the Pound-Yen currency pair took out the resistance decisively and reach its new maximum of the year (actually it is the highest level since 2008.10.05) equal to 180.865. After more than a year of parallel movements with the GBPJPY that fluctuated in
On Friday 5th September, the GBPUSD closed at $1.63 approximately and reopen at $1.615 with a big gap equal to 160 pips on the back of a pool favouring Scottish independence. As we can see from the chart, the currency pair has been affected by the recent upcoming event related to a potential separation of
Are passed just three months since the historical stimulus for the euro area has been announced. Now, from September 10, the rate on the main refinancing operation reached a new low of 0.05 percent. The euro fell by over 1 percent against the dollar to under $1.30 after the rate announcement. Also the ECB did
The price of gold broke the support of $1,245 during the Asian session last week and the price per ounce touched its minimum of $1,225, the metal’s lowest level since January. However the price rose a bit and now is stable on $1,233. The reason behind this short recovery can be attached to the last
In the recent months the Scotland’s separation from the U.K. represents a scenario that has begun to gain ground and can have enormous consequences for both countries. Growing uncertainty is surrounding the currency, taxation and financial stability, in addition thousands of millions of pound are moving south as polls narrow ahead of the independence vote
Technical Analysis The price of Gold is decreased since the last week and the probability of break the support of $1,240 is higher. The reasons behind this negative trend are to connect with the growth of the U.S. dollar during the recent period as well as the low demand of physical gold. Due to the difficult situation in
Nowadays emerging markets (EM) represent approximately 20% of global economies. Although China is considered to be one of the biggest economies of the world it is still considered as an emerging economy due to its low capita income per person and to development and reform programs. The reason behind the huge interest of mature economies
In this article we will focus on Exotic/Emerging market currencies. As we know, there are three basic categories of currencies traded in the FX market: major, minor and exotic currency pairs. The major parts of traders are active on a few numbers of exchange rates, such as EUR/USD, GBP/JPY, GBP/USD and so on. Exotic currencies
In this article I will explain how to import custom indicators on the MetaTrader 4 platform, you will learn 1) how to install an indicator 2) use a custom indicator on your platform. Let’s start by following these steps: Download the MQ4/EX4 file related to the indicator you chosen and save it on your computer.
Overview It is passed a month and a half since the currency pair GBPJPY touched its maximum value of 175.36 (2014.07.03). Since that it is started a fall of the price that bounced on the support of 170.651, and is following a period of consolidation where the exchange rate is fluctuating in a narrow corridor.