Presently at 1.4635, where it closed out last week in North America. Euro zone data due this morning: 07:00 GMT: Spanish industrial production for April expected -1.0% m/m 08:30 GMT: Euro zone sentix investor confidence for June expected 8.6, down from previous 10.9 09:00 GMT: Euro zone producer price index for April expected +0.8% m/m, …
Nikkei continues to fall
The Japanese sharemarket is now 1% lower and has broken below important technical support. No sign of any major risk-aversion in the FX market with EUR/JPY trading in the middle of a paltry 30 pip session range.
Around the markets
The Nikkei has fallen a little further and is now -0.6% as is the Australian market (HK and Shanghai closed). Gold is maintaining its glitter at $1545/oz as the USD stays weak after disappointing US jobs data on Friday.
Staying very quiet in Asia
Nothing to report at all today and it looks like Asian traders are using the Chinese holiday as an excuse to do nothing. Take a break and come back in a few hours when Europe gets busy would be my advice.
FXID 2
This EA is very stable and have been used for quite some time. It is based on the famous martingale system, so it only need a minor market movement after a big movement to convert a floating loss into a sure profit. We will share more detail here, along with the empiric calculations on the …
FXID 1
This EA is currently the upmost recommended EA from forexindonesia.org. This EA uses a grid buy and sell system with certain level distance and lot multiplier. It’s basic concept relies on the zigzag movements of the forex market price, even the most steep price movement is likely to be followed by a rather big retrace …
