News Catcher is a trading system that works with a hedging account. It is FIFO compatible and trades occasionally, especially before a high-impact news event. The system was published on mql5 just recently, and to date, its demo version has been downloaded 1338 times. Detailed Forex robot review The following features characterize News Catcher: It trades on … [Read more...] about News Catcher Review
EU Consumer Confidence Plunges Lower, Eurozone Picks Up
Source: European Commission Consumer confidence continued to decline in the European Union in May but inched up in the eurozone during the period. EZU is up 0.39%, while VGK is up 0.46%. The consumer confidence flash estimate for the European Union stood at -22.2 in May, marking a decline of 0.4 points from the previous months.The eurozone consumer confidence indicator … [Read more...] about EU Consumer Confidence Plunges Lower, Eurozone Picks Up
German Producer Inflation Quickens to Record High as Energy Prices Climb Further
Source: Destatis Producer inflation in Germany continued to accelerate in April, hitting the fastest pace on record, driven mainly by higher energy prices. EWG is up 0.96%, while DAX is up 0.98%. Annual producer inflation stood at 33.5%, following the 30.9% in March and 25.9% in January. This is the highest on record.Monthly inflation stood at 2.8%, taking into account … [Read more...] about German Producer Inflation Quickens to Record High as Energy Prices Climb Further
Great Britain Retail Sales Rebounds as Buying Activity Climbs
Source: Office for National Statistics Retail sales in Great Britain rebounded in April, as most sectors reported higher buying activity during the month. EWU is up 1.40%, while EZU is up 0.96%. Retail sales volumes climbed by 1.4% in April, following the 1.2% decline the previous month. This reflects a 4.1% growth from the February 2020 levels.Food store sales volumes … [Read more...] about Great Britain Retail Sales Rebounds as Buying Activity Climbs
Chinese Banks Slash Key Interest Rate
Source: The People’s Bank of China Chinese lenders slashed the key interest rate for long-term loans, hitting the biggest reduction in three years. MCHI is 1.29% up, while BABA is up 0.69%. The five-year loan prime rate was cut down to 4.45% from 4.6%, marking the biggest drop since a revision in 2019.The one-year loan prime rate was maintained at 3.7%, versus economists’ … [Read more...] about Chinese Banks Slash Key Interest Rate