This is your monthly EarnForex.com newsletter.
To cancel your subscription, please use the link at the bottom of this message.
EarnForex.com Monthly Newsletter
| | | | Welcome to the latest issue of EarnForex.com newsletter — May 2017. In this issue of EarnForex.com newsletter, I will remind you about the most important Forex-related events of the last month and will also show you the list of the site's latest updates. | | EDITORIAL: MT4 Lifehack for Vertical Lines ▥ | | Adding vertical lines in MetaTrader is super easy — you just left-click on the icon in the toolbar and put it on the chart where you want the line to be — that's it! However, when you use many vertical lines on a single chart, its time scale (the lower part) becomes cluttered with the vertical line dates. It can add a lot of visual noise if too many vertical lines are used. This is often a case with trading session open/close indicators. Fortunately, there is a simple lifehack to solve the issue. Trendlines can be used as a substitute for vertical lines in MetaTrader platform. They need more than two clicks to be turned into vertical lines, but the result is much cleaner. Draw a vertical trendline on the candle of your choice, double-click to select it, right-click it, choose Trendline properties, switch to Parameters tab, and set top price to something high enough (normally, '2' is enough for FX pairs), and set the bottom price to '0'. Voilà! Your vertical line is ready for action! And there is no date/time clutter on the chart's bottom scale. This method is especially popular in trading session indicators. For example, this Market Open Indicator uses it to avoid extra date labels from displaying. And you can use it too in your chart analysis! | | Overview of the major currency pairs' performance in April | | EUR/USD — was in a strong rally following some slow sideways movement during the first decade of April. It was at the maximum at 1.0950 on April 26, at its minimum at 1.0569 on April 10, finishing the month at 1.0893. GBP/USD — rose high in April. The highest monthly rate was at 1.2965 on April 28, while the lowest — at 1.2365 on April 7. GBP/USD finished April trading at 1.2947. USD/JPY — posted a symmetrical V-pattern for the month. The pair rose to as high as 111.77 on April 26, reaching a bottom at 108.13 on April 17 and closing the month with the 111.53 rate. EUR/JPY — declined during the first half of April but rallied in the second one with the eventual gain significantly exceeding the loss. The monthly high was at 121.99 on April 28, the monthly low — at 114.85 on April 17. Trading ended at 121.48 for this currency pair. GBP/JPY — fell during the first ten days of the month and demonstrated a very strong rally afterwards. The maximum level for this pair was 144.49 on April 28, while the minimum — 135.59 on April 17. The month's trading ended at 144.37 for GBP/JPY. | | Fundamental background of the past month | | US economic data released during April was mixed, with plenty of negative reports that hurt the US dollar. And while the currency ignored awful nonfarm payrolls, other indicators, including disappointing GDP, weighed on the currency. Comments from US President Donald Trump about excessive strength of the currency also damaged the greenback. Concerns about Trump's ability (or lack thereof) to deliver on his election promises, particularly fiscal reforms and tax cuts, were yet another reason for the dollar's weakness against its chief rivals. The euro was on the back foot for the most part of April as traders were anxiously waiting for the French Presidential elections. As it turned out, the actual outcome of the voting was favorable to the currency, sending it higher. The euro pulled back, though, after the European Central Bank maintained its accommodative monetary policy and ECB President Mario Draghi delivered a relatively dovish speech. The theme of the Brexit continued to weigh on the Great Britain pound, but the currency defied logic, being among the strongest currencies on the Forex market in April. One of the possible reasons for the brilliant performance could be a surprise election announcement by Prime Minister Theresa May. Her Conservative party had popular support, therefore the election should help her concentrate power and strengthen the government. That, in turn, should provide her stronger footing in Brexit negotiations with the European Union. The Japanese yen got support from risk aversion caused by various events, including the US attack on a Syrian military base and rising tensions between the United States and North Korea. The currency lost some of the risk premium after the result of the French elections pleased markets. The Canadian dollar was extremely weak in April. While the currency gained after the fairly optimistic policy statement from the Bank of Canada, the loonie were unable to maintain gains due to various factors. Among them were falling crude oil prices, new duties imposed by the USA on Canadian lumber imports, and disappointing Canada's economic growth. The risk-averse trading environment hurt commodity related currencies, like the Canadian, Australian, and New Zealand dollars. Gold was swinging back and forth in April due to the shifting market sentiment but ended the month with gains. | | Interest rate changes in April | | Brazil | 12.25% | -1.00% | 11.25% | | Chile | 3.00% | -0.25% | 2.75% | You can see the current interest rates by the world's central banks in our interest rate table. | | One new Forex broker has been added to EarnForex.com since the last issue of the newsletter: - Circle Markets — an MT4 broker based and regulated in New Zealand. It offers trading accounts starting from $50 and with spreads dependent on the account size.
You can always view our full list of Forex brokers. | | Top five Forex brokers of the last month | | There were the following important Forex industry news since the last issue of the newsletter: | | Until the next newsletter issue! | | That is all for the May issue of the EarnForex.com newsletter. If you have questions, comments or just want to see something else in the next monthly issue, please let us know. | | |
--
If you do not want to receive any more newsletters, please click this link: Unsubscribe
To update your preferences and to unsubscribe visit this link
Forward a Message to Someone this link 
|
ليست هناك تعليقات:
إرسال تعليق