Bank of Canada lowered overnight interest rate by 0.25% to 4.25% today during its scheduled meeting; this interest rate will be used until at least the next such meeting which will be held on January 22, 2008. Bank of Canada announced that since the last Monetary Policy Report there were numerous economical and financial events that influenced both the economical growth of the country and the inflation. October total […]
Read moreWhile the Japanese yen is surely a benefiting currency when it comes to the carry trade panic, some currencies feel extremely bearish at the times of global financial instability and other factors that bring down risk appetites. New Zealand dollar is one such currency. Carry trade is a global trend in the high-yielding investment industry, where traders buy high-risk currencies such as South African rand and New Zealand […]
Read moreYen continued its fall today while the high-yielding currencies like Australian dollar, Great Britain pound and other currencies were sold for Japanese yen to secure the risks connected with carry trading. AUD/JPY, one of the carry trade locomotives of the past, fell from 98 to 96 within two days since the start of the week. Further carry trade unwinding was caused by the speech of Henry Paulson,U.S. Treasury Chairman. He said […]
Read moreI’ve added a new MT4 indicator — Var Mov Avg — based on the varying period moving averages crosses. It can be used as a current trend indicator and can be very good on the trendy markets. On the flat market it will show some bad picture, but it can be filtered out. This indicator also produces a sound alert every time it detects a trend change.
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