The Traderszone Network

Forex news for Asia trading Thursday 27 July 2017
After a weak session for the USD overnight following the Federal Open Market Committee statement it was a bit more weakness for it in Asia today, notably against the Australian dollar.

The Jobseeker’s Allowance is a benefit which is available to unemployed individuals in the UK who are actively seeking work.

If the Federal Open Market Committee statement wasn’t enough, there is more due from the US today (Thursday 27 July 2017)
– Due at 1230GMT, along with inventory data, Chicago Fed data and Kansas Fed data
For the durable goods report, some bank ‘what to expect’s:

I’m trying to learn EL – maybe someday I will have TS to test my ideas, but first I want to know is it possible to write them in EL.

My questions are:

1. Can I use “Q_Ask”, “Q_Bid”, “Q_Last” etc. for strategy backtesting using historical data?

2. Can I use those “Qs” as a Stop order price? For example
BUY NEXT BAR (Q_Ask) Stop

I don’t want to use specific, pre-defined symbol prices for stop orders. I want to use current ask, bid or last trade symbol prices for stop orders….

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This via the folks at Reuters on the latest from Moody’s on China banking
– Outlook for China’s banking system changed to stable from negative
– Revision reflects expectations that nonperforming loan formation rates will be relatively stable at current levels
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Goldman Sachs on iron ore prices
3-month forecast raised to $70 a metric ton (from $55)
– Year-end target up $5, to $60
GS citing
– higher than expected demand from China – remaining steel mills benefitting from higher prices after government closed some plants, cutting some excess capacity
2018 prices are expected to fall on expanded supply producing a glut

DOTAS (Disclosure of Tax Avoidance Schemes) is the acronym used for the procedure introduced by the UK government in 2004 aimed at minimizing tax avoidance.