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FXRapidEA – fast and reliable Forex robot

FXRapidEA – fast and reliable Forex robot

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Jim Anderson - Public Relations

ForexStore’s team works hard to bring up the best quality Forex robots for our customers. And now we're glad to represent a new Forex robot that is already available on ForexStore called FXRapidEA

FXRapidEA is a brand-new unique Forex trading system that is created to trade according to the current trend of the market and never against it. There are two versions of the EA: FXRapidEA Quattro and FXRapidEA DUE. The DUE version of the Forex robot is able to trade on two currency pairs – EURUSD and NZDUSD, while the Quattro version is able to trade on EURUSD, UDUSD, NZDUSD, and USDJPY currency pairs.

Trading only by the trend and not too large TakeProfit gives the FXRapidEA some extra advantages. The system trades rapidly, without holding trades in the market for a long time. It means that more than 80% of all trades do not stay in the market for more than 1-2 days. Other advantages of the trading robot are the compatibility of the system with every Forex broker, extremely easy way of installing and configuring as well as the price of just $269 for the DUE version and $349 for Quattro version which makes a beginning of trading much easier.

Check out the live trading results of the system on the Myfxbook web site as well as the official FXRapidEA review and read more about the Forex robot on its official web site. Order now!

The dollar is getting cheaper as the restraining measures in the world ease

The dollar is getting cheaper as the restraining measures in the world ease

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Erik Holm - Head of media

The dollar fell against a basket of major currencies on Monday, as risk appetite increased amid softening restrictions on the spread of coronavirus in some countries. From May 4, Italy will allow the resumption of work of factories and constructions, and residents to visit relatives as part of the phased withdrawal of restrictions imposed because of the coronavirus, said Prime Minister Giuseppe Conte on Sunday.

The dollar index against a basket of major currencies lost 0.36% to 100.02 by 12:30 London time. The yen against the dollar rose by 0.33% to 107.14. The euro added 0.15% to $1.08. Investors are focused on the results of the Fed and ECB meetings on Wednesday and Thursday. Regulators can take additional measures to support coronavirus-affected economies.

The dollar crawled down ending a two-week growth

The dollar crawled down ending a two-week growth

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Jim Anderson - Public Relations

On Monday morning, the US dollar fell in Asian markets, completing a multi-week rally. The dollar index, which tracks the exchange rate of this currency against a basket of other currencies, fell by 0.28% to 100.14 at 04.30 GMT. At 11:15 GMT, the dollar index futures are trading at 99.97.

Investors have sought to invest in the dollar in recent weeks amid continued economic turbulence due to the coronavirus epidemic, which has led to an influx of investment in the dollar as a “safe haven” and its deficit. 

But some analysts said that the dollar will continue to fall in the long run, as the US Federal Reverse has weakened its monetary policy, which is more aggressive than other central banks.

Meanwhile, the USD/JPY pair fell by 0.13% to 107.35, since on Monday the Bank of Japan began a meeting on monetary policy issues. The Japanese central bank is expected to purchase and facilitating funding for companies affected by the coronavirus epidemic.

The economy of the European Union in 2020 may decline by 7.5%

The economy of the European Union in 2020 may decline by 7.5%

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Erik Holm - Head of media

Due to the CPVOD-19 coronavirus pandemic, the economy of the European Union is experiencing a situation in which its GDP may decline by 7.5% in 2020, Thierry Breton, member of the European Commission on the EU Internal Market, said on the France 2 television channel. “everything will depend on the speed with which the economy then (after the crisis of COVID-19) recovers", he said. 

A member of the European Commission explained that at the moment this reduction can be estimated "from about 5% to 10%...., that is, about 7.5%". However, according to him, if the situation does not improve and the world has to survive the second peak of the epidemic, then the reduction may be even greater. Anyway, the economy of the European Union, due to the CPVOD-19 coronavirus pandemic, is experiencing a situation on which its GDP could decrease by 7.5% in 2020.

The dollar declines against most major currencies

The dollar declines against most major currencies

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Jim Anderson - Public Relations

The US dollar is getting cheaper along with the euro and the yen in the Forex on Wednesday after a significant strengthening on the eve before.

The dollar was supported on Tuesday by the decision of the Federal Reserve System to launch a credit mechanism to support the short-term commercial debt. Market. The Federal Reserve thus expected to prevent the growing problems with financing companies in the context of the spread of coronavirus. The American Central Bank used a similar mechanism during the 2008 financial crisis.

The US currency will not become cheaper. Despite the significant easing of monetary policy by the Federal Reserve in recent years, given the huge demand for dollars in the world in the context of the crisis caused by the coronavirus pandemic.

As of 7:30 London time, the EURUSD rate rose by 0.23% to 1.1022 against $1.0997 at the close of trading on Tuesday. The value of the US currency against the yen fell by 0.87% to 106.76 yen compared to 107.70 yen at yesterday’s close, the value of the euro fell by 0.67% to 117.65 yen against 118.44 yen on Tuesday.

On the eve the dollar jumped by almost 2% paired with the euro and 1.4% against the yen.