In currency trading the European session today (08-02), visible through Sterling currency weakening against the U.S. Dollar. Pair GBP / USD when it moves to 1.5568 range.
UK economy actually seemed to improve. BoE (Bank of England) last week has decided to keep interest rates at 0.50% levels and also did not change the program that the asset purchases of £ 200 billion. Several British economic data last week was satisfactory, for example, in the headdress Manufacturing PMI in January 2010 increased to 56.7 from 54.6. But the main drivers today is risk aversion, where the stock market collapse will make the U.S. Dollar continued to prosper.
Sterling has weakened very sharply and has survived in oversold areas within a long time, so the correction potential is high. In technical, GBP / USD is likely to level 1,5800-1,5860 corrected, but correction may take a short and shallow because of the current bearish sentiment is very high.
In today’s trading was the value of the dollar-euro exchange rate experienced a significant decrease (08.02). European currency was increasingly depressed and weakened to the lowest range in eight months against the dollar, amid speculation that the budget deficit in some EU member states will be expanded.
At the end of last week’s G7 officials have committed to maintain the stimulus policies despite the budget deficit haunted. This condition is feared to further worsen the condition in the state budget, EU member states currently fiscal condition was critical.
In trading today on the euro was 1.3630 dollars a position. The position of the euro today was decreased compared to the close of trading early this morning in the level of 1.3656 dollars. Friday night and the euro had weakened to the lowest level in eight months in the position of 1.3585 dollars.
Still good moment to buy, now I will share signal EUR/JPY & USD/JPY
- BUY EUR/JPY @ 122.30 TP 123.00,
- BUY USD/JPY @ 89.50 TP 89.80
good luck…
Are you using MT4 platform ? ok now I’ll share a script, this script works for automatic execution, so the moment you entry position, automatically will adjust TP & SL. And I will share a script for close all position, please download this script here, don’t forget password is makepipsnow.com
Follow the instructions below to run this script :
- If you already download, please extract, don’t forget password is makepipsnow.com
- please copy paste all file in the indicators folder to : C:\Program Files\MetaTrader\experts\scripts
- Please restar your meta trader, look at the navigator window on your MT4, and the script menu you’ll see it.
Note : for script sell and buy, I set TP 50 pips & SL about 100 pips, and volume about 1 lots. You can change it on MT4 or meta editor, please look pic below :
If you want change volume, you can change on lots, profit made (take profit) loss limit (stop loss), ok enjoy…
In the pair trading EUR / JPY European session this afternoon (05-02) moves observed weakening euro against the Japanese yen and was in the range of 122.71. Forex investor interest against the euro began to decline in line with the speculations of German economic performance decline.
.
Information about Germany indicators Industrial Production m / m will be released by Destatis expected to show a decrease in performance in the manufacturing sector. Indicators Germany Industrial Production m / m is expected to decrease to 0.60% from the previous value of 0.70%. This negative response by investors in forex trading.
Forex | admin | 
February 8, 2010 10:38 pm | 
Comments (0) 
Subscribe
