Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the U.S. factory sector in more than four years. Surveys of manufacturers around the world released earlier gave some positive signals for the global economic outlook, but dark clouds remained over Europe, where an unexpectedly sharp fall in French business activity dragged on the wider euro zone. The data suggested Beijing's targeted stimulus measures and Japan's improving labor market were...
Automated forex trading systems are computer programs (also known as forex robots) which take and execute trading decisions of trading strategies or trading rules coded or designed into it. You can use automated trading systems in advanced platforms of forex brokers. There will be a trading strategy consisting of trading rules designed into an automated trading system. Automated trading systems will find trading signals according to the trading strategy given in it and then will execute trading signals automatically. It can be a...
Should price action for the GBPUSD remain inside the 1.7000 to 1.7040 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.7020 Take Profit Zone: 1.6300 – 1.6340 Stop Loss Level: 1.7150 Should price action for the GBPUSD breakdown below 1.7000 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.6300 – 1.6340...
Should price action for Gold remain inside the 1,307 to 1,312 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1,309 Take Profit Zone: 1,200 – 1,205 Stop Loss Level: 1,350 Should price action for Gold breakdown below 1,307 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1,200 – 1,205 Stop Loss Level: 1,...
PaxForex closed the fourth trading week of July with net profits of 45 pips on three closed trades; two were closed for a profit while one was closed for a loss. This increased our total trading profits for July to 1,680 pips. We currently have nine open trading positions in our portfolio. We had the following five trading recommendations this week: Monday, July 21st – EURUSD July 21st 2014; Long @ 1.3600 and 1.3475 Tuesday, July 22nd – USDCHF July 22nd 2014; Short @ 0.8920 and 0.8985 Wednesday, July 23rd – Gold July 23rd...
