![MetaTrader Market in numbers [infographic]](https://investinearth.org/wp-content/uploads/2014/07/info_MetaTrader_Market_en.png)
MetaTrader Market was launched back in February 2012 and has grown quite nicely since then. The infographic below, courtesy of MetaQuotes, gives us some idea about the number of products, sellers, the sales dynamics and lots more. Here it is. Click the image to see the infographic in its entirety. You can read more about it … “MetaTrader Market in numbers [infographic]”
Month: July 2014
USD/CAD: Trading the Canadian GDP Jul 2014
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Thursday at 12:30 … “USD/CAD: Trading the Canadian GDP Jul 2014”
GBP/USD: Trading the US Advance GDP
US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. The Advance GDP is the first of three versions and has the most impact on the movement of GDP/USD. … “GBP/USD: Trading the US Advance GDP”
Aussie Dragged Down by Outlook for US Data & Monetary Policy
The Australian dollar fell against its US peer and slipped a bit against the euro, weighed down by the US monetary policy outlook as well as by forecasts of positive macroeconomic reports from the United States. US economic indicators released today are expected to be positive, including the gross domestic product data that should demonstrate growth in the second quarter of this year after the contraction in the first quarter. Market participants are also … “Aussie Dragged Down by Outlook for US Data & Monetary Policy”
NZ Dollar Gains with Building Permits, Remains Under Pressure
The New Zealand dollar edged higher today, following yesterday’s drop, with help of a positive report about building permits. Gains were limited as the currency remained under pressure from the interest rate outlook for both the New Zealand and the US central banks. The seasonally adjusted number of new dwellings consented, including apartments, rose 3.5 percent in June. Excluding apartments, the number of building consents rose 2.9 percent. The Reserve Bank … “NZ Dollar Gains with Building Permits, Remains Under Pressure”
Global foreign exchange committee data confirms low Forex turnover…
By Mike Fox Traders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank … Source: Leap Rate
Yen Steady After Industrial Production Data
The Japanese yen remained unmoved by the release of industrial production data today. The currency traded mostly sideways yesterday, though it fell together with its major counterparts versus the US dollar. Japanese industrial production sank 3.3 percent in June from May, the drop being far bigger than the predicted 1.0 percent. Yesterday’s reports were not good either. Retail sales fell 0.6 percent in June, and the unemployment … “Yen Steady After Industrial Production Data”
Positive Economic Data Does Not Support Sterling
Macroeconomic data from Great Britain was positive today, but this did not help the pound. The currency was flat against some of its major counterparts, including the euro and the Japanese yen, and dropped versus the US dollar. The number of mortgage approvals rose from 62,007 in May to 67,196 in June. It was higher than the median forecast of 63,000. The data suggests that the housing market continues to expand even though … “Positive Economic Data Does Not Support Sterling”
EUR/GBP Cycle Window shows upward mobility
Let us consider the chart below: what do we see? The chart shows the EUR/GBP pair carving a four-year cycle, from (03) July 2009 to (03) July 2013, with black (bullish) and red (bearish) lines joining the start of each July point; the movement shows the following characteristics: a) the fulcrum, at 0.85(xx), is also … “EUR/GBP Cycle Window shows upward mobility”
Hawkish Fed Sends Dollar Higher Against Counterparts
US dollar is higher today, at one point reaching a new eight-month high against the euro. Thanks to the perception that the Federal Reserve is becoming hawkish, the greenback is gaining ground as Forex traders expect tighter monetary policy. The Federal Open Market Committee is in the midst of a two-day meeting, and many expect that tomorrow Janet Yellen will announce another $10 billion cut to its bond buying program. … “Hawkish Fed Sends Dollar Higher Against Counterparts”