Tag Archives: DE30

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Thirty-Year Bond Auction Attracts Slightly Above Average Demand

Finishing off this week’s announcements of the results of its long-term securities auctions, the Treasury Department revealed Wednesday that its auction of $17 billion worth of thirty-year bonds attracted slightly above average demand. The thirty-year bond auction drew a high yield of 1.325 percent and a bid-to-cover ratio of 2.35. Last month, the Treasury sold $16 billion worth of thirty-year bonds, drawing a high yield of 1.320 percent and a bid-to-cover ratio of 2.36. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous thirty-year bond auctions had an average bid-to-cover ratio of 2.32. The Treasury revealed earlier this week that its auction of $40 billion worth of three-year notes attracted below average demand, while its auction of $25 billion worth of ten-year notes attracted average demand. The material has been provided by InstaForex Company – www.instaforex.com…

Gold price remains in bullish trend but vulnerable to a pullback.

In our previous analysis when Gold price was trading around $1,650 I said that we expect a pull back in Gold price. So far the pull back has been very shallow and so far important support trend lines remain intact.Green line – supportRed line – resistanceGold price continues to make higher highs and higher lows. Price is touching once again the green upward sloping support trend line. As long as this trend line remains intact we remain optimistic and consider each pull back as a buying opportunity. But bulls need to be very cautious as the oscillators have reached overbought levels. We could soon see new short-term higher highs in Gold price and the oscillators to produce a lower high. This is the most probable scenario now. To see some bearish divergence signs. Overall I believe Gold price is very vulnerable to a pull back towards $1,600-$1,570 again. I believe the most probable scenario as long as we hold above $1,638 is to see $1,670-80 before turning lower. If $1,638 fails to hold then I would expect price to move lower right away.The material has been provided by InstaForex Company – www.instaforex.com…

Taiwan Trade Surplus Decreases In March

Taiwan’s trade surplus decreased in March, as exports declined and imports rose, figures from the Ministry of Finance showed on Wednesday. The trade surplus decreased to US$ 2.78 billion in March from 3.09 billion last year. Economists had expected a surplus of US$ 3.2 billion. In January, trade surplus was US$ 3.3 billion. Exports decreased 0.6 percent year-on-year in March, after a 24.9 percent rise in February. Economists had expected a decline of 6.7 percent. Imports rose 0.5 percent annually in March, after a 44.7 percent increase in the preceding month. Economists had forecast a fall of 6.6 percent. Exports of parts of electronic product, information, communication and audio-video products grew in March, while exports of base metals and articles of base metal, machinery, plastics and rubber, and articles declined. Imports of parts of electronic product, base metals and articles of base metal increased from a year ago, while imports of mineral products, machinery, chemicals decreased Exports to Mainland China and Hong Kong, and ASEAN both grew in March, while exports to Japan, U.S.A. and Europe declined. In the January to March period, exports and imports rose by 3.7 percent and 3.5 percent, respectively, from a year ago. The material…

Trading plan for Gold for April 08, 2020

Technical outlook:Gold is facing strong resistance at $1,703 levels and the yellow metal is expected to stay lower. The overall structure is looking bearish until prices stay below $1,703 levels; while a break higher would test $1,750. At this point in writing Gold is seen to be trading around $1,647 levels and is expected to drop lower towards immediate support at $1,568. The recent boundary that is being worked upon is between $1,703 and $1,451 respectively. Please note that Gold has retraced up to fibonacci 88% of the earlier drop, carving a lower top around $1,675 levels. If the counter trend rally has completed, prices should reverse sharply lower towards $1,450 support and beyond. Once the counter trend line support is broken, it would confirm that a meaningful top is in place at $1,675, and that Gold could accelerate lower again. Trading point of view, Gold remains good to sell on rallies until prices stay below $1,703.Trading plan:Remain short @ 1,640/50, stop @ 1,703 target @ 1,450 and lower.Good luck!The material has been provided by InstaForex Company – www.instaforex.com…

Japan Eco Watchers Current Conditions, Outlook Weaken Sharply

A measure of the public assessment of the Japanese economy fell for the second month in a row in March, survey data from the Cabinet Office showed on Wednesday. The current conditions index of the Economy Watchers’ Survey, which measures the current situation of the economy, decreased to 14.2 in March from 27.4 in February. Economists had forecast a reading of 22.4. The outlook index that signals future activity fell for the second straight month to 18.8 in March from 24.6 in the previous month. Economists had expected a score of 20.0. The material has been provided by InstaForex Company – www.instaforex.com…

USDCAD Trendline breakout and Pullback. Further drop expected!

Trading RecommendationEntry: 1.40802Reason for Entry: Graphical overlapTake Profit : 1.38664Reason for Take Profit: 61.8% Fibonacci extensionStop Loss: 1.41638Reason for Stop loss: 38.2% Fibonacci retracement, descending trendline resistanceThe material has been provided by InstaForex Company – www.instaforex.com…

Japan Has Y3,168.8 Billion Current Account Surplus In February

Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry of Finance said on Wednesday – up 21.2 percent on year. That beat forecasts for a surplus of 3,067.2 billion yen and was up from 612.3 billion yen in January. The trade balance reflected a surplus of 1,366.6 billion, exceeding expectations for 1,215.0 billion yen following the 985.1 billion shortfall in the previous month. Exports were up 0.4 percent on year to 6,332.2 billion yen, while imports tumbled an annual 14.6 percent to 4,965.6 billion yen. The material has been provided by InstaForex Company – www.instaforex.com…

Simple Forex Tester

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