Tag Archives: how does forex trading work

South Korea Producer Prices Rise For Second Month

South Korea’s producer prices increased for the second time in January, data published by Bank of Korea showed on Thursday. Producer prices increased 1.0 percent year-on-year in January, after a 0.7 percent rise in December. The latest annual growth was driven by a 5.4 percent rise in agricultural, forestry and marine products prices. Prices for electric power, gas, water and waste, and services gained 2.8 percent and 1.3 percent, respectively. Prices for manufacturing products rose 0.2 percent. On a monthly basis, producer prices rose 0.2 percent in January, slower than 0.3 percent increase in the prior month. The material has been provided by InstaForex Company – www.instaforex.com…

Trading plan on EUR/USD for February 20, 2020

Update on the coronavirus epidemic: the total number of cases is 74.5 thousand, while the total death count is 2,118.The number of cases increased by 400, the lowest since January 25, which is a good signal, as it indicates that the epidemic is obviously stopping.EUR/USD: Strong US data supported the dollar. Earlier this week, the data on net capital inflows/outflows was released – it amounted to $ 85 billion.On Wednesday, the report on inflation in the wholesale link (producer prices) was released. The PPI showed an unexpected strong growth of + 0.5%, despite its initial forecast of +0.1%. This indicates an increase of 2% per annum, which closes the idea that the Fed will reduce the rates in the future. Instead, it opens the possibility of the Fed raising the rate after some time.EUR/USD: the pair is in a downward trend. Attempts for a correction are being made.Keep selling from 1.0990.Sales, with a rebound from 1.0860 or higher, are possibleThe material has been provided by InstaForex Company – www.instaforex.com…

Australia Jobless Rate Climbs To 5.3% In January

The unemployment rate in Australia came in at a seasonally adjusted 5.3 percent in January, the Australian Bureau of Statistics said on Thursday. That exceeded expectations for 5.2 percent and was up from 5.1 percent in December. The Australian economy added 13.500 jobs last month, again surpassing forecasts for a gain of 10,000 jobs following the gain of 28,900 jobs ion the previous month. The participation rate was 66.1 percent, exceeding expectations for 66.0 percent – which would have been unchanged from the month prior. The material has been provided by InstaForex Company – www.instaforex.com…

Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment figures for January, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to come in at 5.2 percent, up from 5.1 percent in December. The Australian economy is tipped to add 10,000 jobs following the addition of 28,900 in the previous month. New Zealand will provide Q4 numbers for producer prices; in the previous three months, inputs were up 1.0 percent on quarter and outputs rose 0.9 percent on quarter. Japan will see final January figures for machine tool orders; the previous reading suggested a decline of 35.6 percent on year. Hong Kong will release consumer price data for January; in December, inflation was up 2.9 percent on year. The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate unchanged at 5.00 percent. The material has been provided by InstaForex Company – www.instaforex.com…

Fractal analysis of the main currency pairs for February 20

Forecast for February 20:Analytical review of currency pairs on the scale of H1:For the euro / dollar pair, the key levels on the H1 scale are: 1.0891, 1.0861, 1.0832, 1.0807, 1.0775 and 1.0751. Here, we expect a correction in a downward trend. Short-term upward movement is expected after the breakdown of the level of 1.0807. Here, the target is 1.0832. The breakdown of which will lead to in-depth movement. In this case, the target is 1.0861. This level is a key resistance for the subsequent development of the ascending structure. For the potential value for the top, we consider the level of 1.0891. We await the design of expressed initial conditions before this value. A potential value for the downward movement is the level of 1.0751, however, we consider the movement to this level as unstable.The main trend is a downward structure from January 31, we expect a correctionTrading recommendations:Buy: 1.0807 Take profit: 1.0830Buy: 1.0834 Take profit: 1.0860Sell: 1.0775 Take profit: 1.0752Sell: Take profit:For the pound / dollar pair, the key levels on the H1 scale are: 1.2990, 1.2955, 1.2932, 1.2891, 1.2863, 1.2827 and 1.2804. Here, we are following the development of the downward cycle of February 13. Short-term downward movement…

Tick Data Suite Forex

Tick Data Suite you can certainly perform a much better appraisal of the strategy youre evaluating and you can gain the confidence needed to test it live. To make it even more realistic, the Tick Data Suite goes as far as offering an option that allows you to simulate slippage in backtesting.Tick Data Suite is geared towards individuals… Read More »

Trader on Chart app

Trader on Chart is a Forex Trading Tool created for faster and easier trading. Software is designed for Metatrader 4 platform. With Trader on Chart software you can open trades or place pending orders easily by one-click and the software will take care of the rest. It will choose the right lot size for your positions according to… Read More »


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Surefire Forex Trading

How do you become a trading genius that effortlessly makes one great trade after another? You will not find this in any other book or web site. This is a unique discovery. This simple technique has never been used in this combination before.How To Trade The Forex Market With A Secret Trading Formula Only a Handful Of Traders… Read More »

Cómo abrir una cuenta demo de Forex (con Metatrader 4) | Winpips

En este vídeo se muestra como abrir y crear una cuenta demo (de práctica) de trading en Forex con metatrader 4. Brokers recomendados: https://www.winpips.es/p/brokers-recomendados.html Vídeo-guía del canal para aprender trading: Mi nombre es Alejandro Rodríguez, bienvenidos a Winpips, el canal donde te ayudamos a mejorar tu trading. Suscríbete gratis al canal: https://goo.gl/Fquk4i Más información en: https://www.winpips.es Síguenos en… Read More »