They say to save money is to gain money. This sounds topical for any trader or investor. As for Forex traders, tighter spreads allow them to save decent amounts of money, especially if they trade intensively (scalping etc.)
What does each trader need to succeed on a regular basis? Solid knowledge, analytic skills, efficient tools, high-quality broking services etc. What if you have not time or desire to spend days and nights sitting in front of your laptop and trading but you still want results? Obviously, you can purchase ready-made trading robots to do all the trading activities for you. However, there are chances of buying a poor-quality trading robot. Alternatively, you can learn the MQL4 or 5 programming language and start making indicators and expert advisors yourself, which also requires a lot of time and effort.
The rate of unemployment in the eurozone keeps growing at a steady pace. In September alone, the army of unemployed Europeans living in the eurozone boosted by 146K people. The current rate is 11.6%, which is 18.5 million people. Therefore, the European labor market went 17 years back, when there was no common European currency. Spain is the frontrunner with 25.6% unemployed.
Central bank has set the following dollar rate as of October 26 – 31.2499 ruble. This is 5.40 kopecks less than the previous rate, as informed by the «Market Leader».
From formal point of view, as well as from the visual one, EURUSD is stuck within Daily flat level. It is trying hard to leave it by using mixed h4 impulses, the trends of which are often hard to define.
According to the German Bundesbank, the German economy may start shrinking this quarter. After the considerable growth seen last quarter, there are signs of an economic slowdown. This statement is made in the latest report published by the Bundesbank.
The Japanese economy keeps feeling the external pressure caused by the global economic slowdown. Therefore, the Bank of Japan will have to become more attentive when monitoring the impact of the fluctuations in the JPY market on the national economy. This is the conclusion made by the central bankers during the latest quarterly meeting.
According to the Vice President of the SNB, the Swiss Franc remains too strong versus the common European currency. Nevertheless, the excessive strength will vanish soon without any intervention.
The EU summit in Brussels is underway. The leaders of 27 European countries are discussing the possibility of creating a banking union. Germany and France have different points of view in the issue. They cannot agree on how to exercise control over European national budgets.